Comments on: Started at the bottom, now we’re 1/20th of the way there! https://eliteedgemoney.com/started-at-the-bottom-now-were-1-20th-of-the-way-there/ Money | Minimalism | Mohawks Mon, 11 Nov 2019 11:30:52 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: J. Money https://eliteedgemoney.com/started-at-the-bottom-now-were-1-20th-of-the-way-there/#comment-285612 Thu, 07 Nov 2019 12:20:40 +0000 https://staging.eliteedgemoney.com/?p=62073#comment-285612 In reply to Kari.

Ooooh…. challenge accepted!

]]> By: Kari https://eliteedgemoney.com/started-at-the-bottom-now-were-1-20th-of-the-way-there/#comment-285585 Thu, 07 Nov 2019 02:35:54 +0000 https://staging.eliteedgemoney.com/?p=62073#comment-285585 In reply to J. Money.

This comment makes me think of your 60 words for money post….maybe you should do 60 words for debt… ;-)

Kari

]]> By: Kellie @ Big Style Finance https://eliteedgemoney.com/started-at-the-bottom-now-were-1-20th-of-the-way-there/#comment-285466 Wed, 06 Nov 2019 08:00:14 +0000 https://staging.eliteedgemoney.com/?p=62073#comment-285466 Congratulations Alaya, what an amazing increase in net worth!

]]> By: Lee | The Wealthy Wolf https://eliteedgemoney.com/started-at-the-bottom-now-were-1-20th-of-the-way-there/#comment-285409 Mon, 04 Nov 2019 22:15:15 +0000 https://staging.eliteedgemoney.com/?p=62073#comment-285409 Thanks for sharing this – really interesting to see where others are at with their journey in cutting down debt & increasing overall net worth!

]]> By: Alaya https://eliteedgemoney.com/started-at-the-bottom-now-were-1-20th-of-the-way-there/#comment-285408 Mon, 04 Nov 2019 21:55:09 +0000 https://staging.eliteedgemoney.com/?p=62073#comment-285408 Thank you!
At least it really pushed me to see what extra I could scrimp and save in the last month!

]]> By: J. Money https://eliteedgemoney.com/started-at-the-bottom-now-were-1-20th-of-the-way-there/#comment-285393 Mon, 04 Nov 2019 17:51:05 +0000 https://staging.eliteedgemoney.com/?p=62073#comment-285393 In reply to Christine.

Great word for debt – leech :)

]]> By: J. Money https://eliteedgemoney.com/started-at-the-bottom-now-were-1-20th-of-the-way-there/#comment-285392 Mon, 04 Nov 2019 17:49:49 +0000 https://staging.eliteedgemoney.com/?p=62073#comment-285392 In reply to Moneybee.

Good formula tip!

]]> By: Elise @ Financial Fitness Fanatic https://eliteedgemoney.com/started-at-the-bottom-now-were-1-20th-of-the-way-there/#comment-285389 Mon, 04 Nov 2019 17:20:24 +0000 https://staging.eliteedgemoney.com/?p=62073#comment-285389 This is awesome, Alaya! I just started tracking my net worth in the last 1.5 years and find it to be both fun and motivating. I had a very similar experience as you this month with my 401k – it got to just below 50,000 and I simultaneously rolled my eyes that it wasn’t *quite* at the 50k mark, but also did a little happy dance about being essentially 1/20 of the way to my million in savings goal. Wishing you the best on your journey.

]]> By: Christine https://eliteedgemoney.com/started-at-the-bottom-now-were-1-20th-of-the-way-there/#comment-285386 Mon, 04 Nov 2019 15:21:59 +0000 https://staging.eliteedgemoney.com/?p=62073#comment-285386 Way to go, Alaya! And I had the same takeaways, J. I can only imagine how different MY net worth would be right now if US employers contributed the same to retirement or the government offered 0% interest student loans. probably to the tune of at least several hundred thousand (I’m in my 40s). I’ve had measily retirement contributions from my company(ies), though I’ve been saving at least 10% consistently. And now that the student loan is history, I don’t like thinking about it, but it was in total about $80k.

Anyway, the best investment was that “kick ‘em to the curb” payment! I’m sure that gave you the mental space to do greater things, as well as getting rid of a leech! Well done!

]]> By: Moneybee https://eliteedgemoney.com/started-at-the-bottom-now-were-1-20th-of-the-way-there/#comment-285382 Mon, 04 Nov 2019 15:04:16 +0000 https://staging.eliteedgemoney.com/?p=62073#comment-285382 Why does 1/20 sound so much closer than 5%? Not that I know about it from experience, I’m still negative (but only four digits negative now! Less than a mile from home!).

Awesome job, Alaya! And I love the orange color scheme for the spreadsheet, it’s eye-catching but not alarming. (By the way if the divide-by-zero error bothers you like it bothers me, all you have to do is wrap the formula for those cells with IFERROR( at the beginning, and ,0) at the end. That’ll just put a zero in the cell in place of any error.)

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