Comments on: Personal Balance Sheet, June 2008 ($155,596, -1.5%)

By: Ryan Williams

Ryan Williams — Wed, 09 Jul 2008 21:22:57 +0000

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

Flexo — Thu, 03 Jul 2008 05:18:20 +0000

I may do that by the end of the year. I’m maintaining a healthy cash cushion for now.

By: tlangejr

tlangejr — Thu, 03 Jul 2008 05:15:02 +0000

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

Michael — Wed, 02 Jul 2008 12:51:59 +0000

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!