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My 10-year blogoversary!

June 22nd, 2017 at 03:23 pm

OK, OK, technically it was yesterday.

I put it on my calendar a long time ago, reminded myself to post even during the day yesterday--and then just plumb forgot. I'm a bit off my routine at the moment.

Anyway, here I am 10 years later! Since my blog is largely numbers-focused, I thought I should do a snapshot of then and now.

My estimated debt was $457,714. It included $305,544 in mortgage debt on two homes, a $7,000 loan from my dad, $5,000 projected for a trip to England, $72,365 in education debt (this included $40,000 projected debt for NT's undergrad that was about to start), and a horrifying $72,808 in credit card debt!

I didn't calculate our assets for a few months, but in August I estimated them to be worth $507,550. That included $445,000 of home values (though one of them ended up being overvalued by about $40K) and $62,550 of retirement funds.

So technically taken together, we had a net worth of $49,836. If you took out the overvaluation of our condo it would be less, but then again if you took out the $45K of "estimated future debt" for our trip and NT's education, it would then come to about the same. So I'd say we had about $50,000 net worth together.

Our monthly net income from paychecks (including an estimate for NT because he was a temp at the time) was about $5,400.

Fast forward to today:
Our debt is actually almost the same, just a tiny bit lower, at $454,735. The difference is it includes $0 in personal loans, $0 in student loans, and $0 in credit card debt. It's all mortgages on two homes (one of them a multifamily), except $9,000 owed to our downstairs neighbors, which will get converted from a debt to their down payment if we ever complete an agreement for them to purchase their unit of the home.

Our assets are $974,945. This includes two (much more realistically valued) homes and $335,164 in retirement funds. That puts our net worth at $520,210.

Our monthly net income (again an estimate because now AS is a freelancer) is about $9935. So it's $4,535 more per month, almost double, and that's with increased retirement, healthcare and daycare withholdings.

So, our debt hasn't gone down much, but our "bad debt" has been wiped out. Our retirement funds are up $272,614, our total assets have increased in value by $467,395, and our net worth by $470,210!

All in all, it's been a great 10 years. We've made some mistakes, had some setbacks, but I'm pretty proud of my family for sticking with me through it. We've all changed in the way we look at and talk about and use money. I hope the next 10 years will be even more fruitful!

Thank you, SA family, for always being willing to listen and advise. I feel like I wouldn't be in as good a place without you.

12 Responses to “My 10-year blogoversary!”

  1. ThriftoRama Says:

    Isn't it crazy to think we've all been hanging out here together for a decade??? Wink
    Good work, not surprising, on the debt pay off and net worth! My ten year is coming up in 2018. I might have to do an analysis!

  2. My English Castle Says:

    Oh my word, my 10-year blogoversary is in August! It has been fun, hasn't it? My DH is now fully used to me saying things like, "my blog friend (CCCF, ceejay, Thrift, snafu, CB, rob, Sarah, Patient, robin, MM, the Lauras, etc). You have made remarkable progress, ceejay. I admire your meticulousness and focus!

  3. ceejay74 Says:

    OMG, I do that too! I'm always like "one of my blogging buddies said XYZ, or had this happen to them." NT just nods, but AS will say "Oh, who was it?" Because she reads my blog's comments more, she has more of a sense of who everyone is and knows most of your SA nicknames.

  4. kashi Says:

    Congrats on 10 years!

  5. MonkeyMama Says:

    I think that's amazing!

  6. Carol Says:

    Wonderful change in debt/ money! But the biggest change, I bet, is the girls! I have loved reading your blog and admire your determination.

  7. creditcardfree Says:

    Congratulations!! I talk about many of you to my family too!

  8. Dido Says:

    Congrats on 10 years and great progress! As you will see, you inspired me to do a similar entry of my own, given the coincidence of today (6/22) being *my* blogoversary!

  9. Laura S. Says:

    Happy Blogoversary Smile

  10. LivingAlmostLarge Says:

    Congratulations!

  11. LuckyRobin Says:

    Pretty cool. And you added two children without your debt skyrocketing, which not a lot of people can do. Congrats on ten years. It's gone by fast.

  12. rob62521 Says:

    Happy blogoversary! A decade in the making. I'd say your numbers look good and to have that much more as your net worth, way to go!

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