Comments on: Personal Balance Sheet, June 2008 ($155,596, -1.5%) http://www.consumerismcommentary.com/2008/07/02/personal-balance-sheet-june-2008-155596-15/ A premiere personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Sat, 21 Nov 2009 16:42:00 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Ryan Williams http://www.consumerismcommentary.com/2008/07/02/personal-balance-sheet-june-2008-155596-15/#comment-162835 Ryan Williams Wed, 09 Jul 2008 21:22:57 +0000 http://www.consumerismcommentary.com/?p=3393#comment-162835 Thanks for the link Flexo. Despite the down month, it's amazing to see how far you've come in the two years in your spreadsheet. You're nearing debt free-ness too. Nice work! Thanks for the link Flexo. Despite the down month, it’s amazing to see how far you’ve come in the two years in your spreadsheet. You’re nearing debt free-ness too. Nice work!

]]> By: Flexo http://www.consumerismcommentary.com/2008/07/02/personal-balance-sheet-june-2008-155596-15/#comment-161022 Flexo Thu, 03 Jul 2008 05:18:20 +0000 http://www.consumerismcommentary.com/?p=3393#comment-161022 I may do that by the end of the year. I'm maintaining a healthy cash cushion for now. I may do that by the end of the year. I’m maintaining a healthy cash cushion for now.

]]> By: tlangejr http://www.consumerismcommentary.com/2008/07/02/personal-balance-sheet-june-2008-155596-15/#comment-161021 tlangejr Thu, 03 Jul 2008 05:15:02 +0000 http://www.consumerismcommentary.com/?p=3393#comment-161021 I was wondering why you wouldn't take the $10k from savings and pay off the student loan? Why pay any interest on debt when you have the $$ to pay it off completely? I was wondering why you wouldn’t take the $10k from savings and pay off the student loan? Why pay any interest on debt when you have the $$ to pay it off completely?

]]> By: Michael http://www.consumerismcommentary.com/2008/07/02/personal-balance-sheet-june-2008-155596-15/#comment-160905 Michael Wed, 02 Jul 2008 12:51:59 +0000 http://www.consumerismcommentary.com/?p=3393#comment-160905 When you save and invest aggressively (as you've done), it's nearly impossible for your net worth to go down over a full month; your new investments typically exceed any short-term market downfall. The only way to have a negative month in this scenario is for the market to tank (as it has the last 30 days) after you've reached the point in your financial life when market movements have a more material impact on your net worth calculation than what you could save (add to investments). When that happens, you know you're well on your way to financial freedom. So, congrats! When you save and invest aggressively (as you’ve done), it’s nearly impossible for your net worth to go down over a full month; your new investments typically exceed any short-term market downfall.

The only way to have a negative month in this scenario is for the market to tank (as it has the last 30 days) after you’ve reached the point in your financial life when market movements have a more material impact on your net worth calculation than what you could save (add to investments).

When that happens, you know you’re well on your way to financial freedom. So, congrats!

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