1 Year of Investing & Debt Management

It’s been a year since my debt investment class, and signing on with fool.com for some stock tips. Here’s a recap:

Debt-free date projected to be July, 2014 (7 years, 10 months). Some expenses have cut down my “spend smart factor”, so I can’t get out as quickly as I wanted to. However, from today, I’ll save $32,300 in interest payments.

My investments were up 23.9%… not too shabby. That includes my recent sale of Family Dollar. Looks like it’s about time to sell Disney, too – getting close.

My “bad” debt is up, but that’s because I put a new front porch on the house and had to pay some taxes. Since I got a 2.99% lifetime rate on my one card, I put the porch on there. It’s better to not leverage your house if you’re going to add debt.

The cars lost value, but the house gained in value (again, the porch), so assets are up 1.36%.

Long term debt (house, school loans, car loan) is down 7.2%, in line with the plan.

So, I’m pretty happy with the results of year 1. I’d like to add more liquid assets (ie: cash) to my totals, but that just takes time, and careful monitoring of spending.

These numbers do not include my business, which is doing alright for itself.

Read more at www.investinyourdebt.co…