Comments on: Net Worth Update: $335,866.43 (Up $10k) https://eliteedgemoney.com/net-worth-update-529-mortgage-increase/ Money | Minimalism | Mohawks Mon, 11 Jan 2021 18:24:33 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: J. Money https://eliteedgemoney.com/net-worth-update-529-mortgage-increase/#comment-112267 Mon, 17 Dec 2012 19:10:42 +0000 https://staging.eliteedgemoney.com/?p=30155#comment-112267 Yup! They’re nice months to have, and remember!, for when the going gets tough ;) Hope you had a great one too!

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By: Evan https://eliteedgemoney.com/net-worth-update-529-mortgage-increase/#comment-112256 Mon, 17 Dec 2012 16:57:36 +0000 https://staging.eliteedgemoney.com/?p=30155#comment-112256 Congrats J! that is a bad ass month. Even without baby’s 529 getting “transferred” over to you that is a 3%+ gain month over month!

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By: J. Money https://eliteedgemoney.com/net-worth-update-529-mortgage-increase/#comment-111703 Sat, 08 Dec 2012 02:05:41 +0000 https://staging.eliteedgemoney.com/?p=30155#comment-111703 Wouldn’t that be something ;) But I probably would egg him on to do the “college experience” cuz I got so much out of it myself and wouldn’t change it for the world. At least if you’re talking about living on campus, going to a 4-year college from start to finish, etc, etc… Not saying the other routes are wrong or worse or anything, just that I was really pleased with my experience and would thus like to pass it on to my spawn. I love it that I now have spawn! :)

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By: mbhunter https://eliteedgemoney.com/net-worth-update-529-mortgage-increase/#comment-111681 Fri, 07 Dec 2012 06:58:08 +0000 https://staging.eliteedgemoney.com/?p=30155#comment-111681 I think by the time Baby Money is college-age the landscape will be different. As in cheaper. As it is, if you choose correctly now and do things a little bit differently than a typical “college experience” your kid will be able to pay for it himself with a part-time job! And no debt.

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By: J. Money https://eliteedgemoney.com/net-worth-update-529-mortgage-increase/#comment-111651 Wed, 05 Dec 2012 22:12:05 +0000 https://staging.eliteedgemoney.com/?p=30155#comment-111651 Lots of great comments/questions today guys – thanks! Always enjoy seeing what you have rolling around your heads :)

@Lance @ Money Life and More – Haha, how cool would that be? Will blogging even be around then? ;)
@Mrs. Pop @ Planting Our Pennies – Hot damn! Every time I try and catch up with you you shoot even higher :)
@Romeo – Well I’ll still probably give the money to my kid(s) whether for college or not, but who knows what will change from now ’till then… I’ve already changed my mentality in 30 days! Haha…
@Brian – I know right?? I’m def. with you there. The older coins are just so much cooler.. and more classic… Maybe they just got *too* classic for engravers? ;)
@Bobby – Crap! Yes. I think about it at least 10 times a week but can never find the time to do it :( But I promise I will get to it and blog about the update as soon as that happens… Sorry for slacking!
@K.K. @ Living Debt Free Rocks! – I guess I could do that, eh? I’ll mark it to review again next month.
@Michelle – Well congrats to you too then :)
@Jessica O. – I think it was the right move for sure… I haven’t wondered abou the decision since I made it a week or so back (unlike the first one).
@Matt – Nice job on West Point! That’s cool! I don’t think the author of that email meant anything harsh w/ entitlement since she was just giving me another perspective on it, but I do agree it’s not good for kids to expect stuff and plan around it. I’ll have to make sure to do a good job of setting expectations up sooner than later when it’s time.
@Jeff @My Multiple Streams – Wow, well that’s nice! Do you believe it truly goes up like that though? I never do… I just ignore all places that say so to err on the safe side, but in theory they could very well be right.
@Christine B. – Yeah girl! Work it!! An increase of anything is better than a decrease in any month anyways ;)
@Jay @ effumoney – Oh cool, that’s pretty neat. I just follow what Kelly Blue Book says in any given month as that’s what I’d be using if I were to sell it as a private party (which I would). I don’t actually believe it went up, but if I’m going with those numbers whenever the day comes to sell, I like it for my net worth. Does that make sense?
@Samantha – COOL! We believe in the same mission then – I like it :) I’m gunning for our 2nd mortgage first and taking the emotional play over the financially better one. Just ‘cuz it excites me more and pushes me forward (plus, the idea it’ll be gone faster is even better!). I wrote about it in detail here if you’re interested. And then before that I blogged about which I should do to get readers’ reponses too. You can find that post here.
@Janine @ My Pennies My Thoughts – Thank you!! It feels so good! :) Did you have a great month too? Hope so!
@Emily – Thanks! And you’re right, it is kinda dumb to keep it all in cash but ther are reasons for it :) Mainly emotional ones. A) My wife feels more comfortable having cash on hand over less debt (specifically 1 year’s worth of expenses, which covers $66k of it), and B) The rest will be used to max out my SEP IRA at the end of the year once I find out how much I’m able to put in (it’s based on my business’ profit for the year). Anything on top of those #’s usually goes towards one-off expenses or our mortgages. A deal I made with my wife :)
@Cassie – Woohoo! Congrats to both of us! :)
@Financial Black Sheep – Wow, that’s pretty hardcore! But will totally pay off in the end, both literally and figuratively :) And having no debts on the othe side will also be huge! So keep it up!
@maria@moneyprinciple – Thanks, friend! :)
@The Happy Homeowner – Thanks!
@Joe @ Retire By 40 – Man, that’s so much! I couldn’t “lose” all that so early on like that, good for you guys… You’ll be done and growing that $ before we even have our first $5k in it! Haha… As long as both our kids are prepared for when the time’s right though, I know we’ll both be happy. They’re growing like weeds!

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By: Joe @ Retire By 40 https://eliteedgemoney.com/net-worth-update-529-mortgage-increase/#comment-111626 Wed, 05 Dec 2012 06:49:32 +0000 https://staging.eliteedgemoney.com/?p=30155#comment-111626 You guys are doing great! I talked to a financial planner and they wanted us to add 30-40k to the 529 now. That’s a lot of dough. Baby RB40’s 529 has about 10K in there now and I’m going to add 10k this month. College is going to be super expensive when he’s ready so I think it’s best to put as much in as we can now while it’s early.
It would be great if he can get a full ride, but how many people really get that?

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By: The Happy Homeowner https://eliteedgemoney.com/net-worth-update-529-mortgage-increase/#comment-111624 Wed, 05 Dec 2012 03:03:33 +0000 https://staging.eliteedgemoney.com/?p=30155#comment-111624 Hot damn! Well done, sir!

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By: maria@moneyprinciple https://eliteedgemoney.com/net-worth-update-529-mortgage-increase/#comment-111617 Tue, 04 Dec 2012 22:05:54 +0000 https://staging.eliteedgemoney.com/?p=30155#comment-111617 Dpong well, J; really proud of you :).

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By: Financial Black Sheep https://eliteedgemoney.com/net-worth-update-529-mortgage-increase/#comment-111616 Tue, 04 Dec 2012 20:17:25 +0000 https://staging.eliteedgemoney.com/?p=30155#comment-111616 Nice Net Worth! My net worth went up a whole $965.21! Woohoo! lol. I am just happy it keeps going up with school draining all of my funds (no school loans). Come January I plan on taking all 8-week condensed courses so I will have to pay tuition every other month. I hope I can budget enough for it, because I am now planning on doing a dual bachelor and master degree at the same time! I don’t know what the heck I am thinking at times :)

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By: Cassie https://eliteedgemoney.com/net-worth-update-529-mortgage-increase/#comment-111615 Tue, 04 Dec 2012 19:44:00 +0000 https://staging.eliteedgemoney.com/?p=30155#comment-111615 This month I went well over $91k in the net worth category, so it was a pretty stellar month for me too :D

Just think, 12 more months of those $3000 mortgage pay downs and the 2nd mortgage will be gone!

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