Paying down $0.5 million in debt -- Jan 2017 update: From $15k to $100k last year

Archived From: Finance
  • Text Only
30k what? In debt?

imbatman said:   30k what? In debt?
  Sorry. Her net worth is around $30k... no debt for her 

LeveragedSpeculator said:   
jd2010 said:   24k for housing/food/bills/leisure/etc

Goal for 2017: Up net worth by $70k.

This will require living leaner than in 2016 and getting monthly expenses down about 25% to ~$1.5k. Here's to debtblag making it to 100k and to crushing 2017!

Very impressive numbers and I consider myself quite frugal and have trouble getting my costs down to ~2.5k/mo (okay one luxury at $175/mo).  Make sure you aren't taking any too crazy shortcuts like not having health insurance (this actually isn't a crazy shortcut before you accumulate assets but once you have some outside of retirement accounts it becomes crazy).

I don't take too many shortcuts. I go with a high deductible plan for health insurance.

Disclaimer: By providing links to other sites, does not guarantee, approve or endorse the information or products available at these sites, nor does a link indicate any association with or endorsement by the linked site to

Thanks for visiting Join for free to remove this ad.

While FatWallet makes every effort to post correct information, offers are subject to change without notice.
Some exclusions may apply based upon merchant policies.
© 1999-2017