Thursday, July 24, 2008

Debt Free, Why Not to Payoff all Debt

Here is the major reason why to not payoff all of your debt...

THINGS WILL START BREAKING!!!!

Today is July 24th, 23 days after paying off the house, let's take a look....

1. Have a blowout close to August GA on the interstate, have to replace tires and brakes.
2. 3 days after that, one of the said tires decides to eat a drill bit.
3. 5 days after that, go to turn on the windshield wipers, they don't work...
4. And now 2 weeks later, Susan goes to put some shirts in the dryer. Yep, dryer won't turn back on. Just makes a noise that pretty much says, Buzzz, wrong answer.

Wednesday, July 2, 2008

June Net Worth

These numbers will look completely different next month, but this month was a weird month. We had a lot of money sitting in our checking account waiting for the moment we could payoff the mortgage. At one time, we had over 17K in our checking account. Not something I want to repeat anytime soon. That kind of money needs to be in the Vanguard account!!!

Net Worth: 136,306.88 +3,304.80 +2.48%
Net Worth w/o Home: 54,992.04 +6.61%
Net Worth w/o Home or IRA: 21,667.96 +40.56%

YTD:
Net Worth: +15.14%
Net Worth w/o Home: -11.86%
Net Worth w/o Home or IRA: -16.56%

Not too bad of a month with the stock market doing what it did. Susan's retirement account lost close to 3K again this month, but that's ok, we are about to get rid to buy in 5 months, so we could use some good losses so that we can buy cheap cheap cheap!!!!

Tuesday, July 1, 2008

La Casa Extravaganza

Today is house EXTRAVAGANZA day!!! Yep, Susan and I put the check in the mail to Chase about 5 hours ago now. The mortgage is now a part of our past (or will be as soon as Chase processes the check). It was actually very surreal. I just don't completely feel it yet, but I'm sure I will when July 30th rolls around and we get to actually keep that paycheck.

So we just went from having 17,000+ in our checking account to just have over 3000 in our checking account...LOL. We just went from 10K in our Vanguard account to 5K in our Vanguard account.....but its all good, because that 5K will only get bigger from here!!!

Here's to actually gaining interest instead of paying interest from now on!!!!!