Obsessed

Yeah….pretty much.  So last week and this week has been filled with listening and reading and listening and reading and listening and reading to finance gurus.

Mr. Money Moustache

JL Collins

Mad Fientist

Millionaire Educator

Root of Good

Mike & Lauren

ETC….

My friends and I are obsessed.  There is not a day that has gone by that we haven’t talked about finances.  It’s like a disease.  Once we focused on what this shit REALLY is and the fact that it can actually change our lives…Holy fuck.  All we can talk about is doing the damn thing.

The watching these two videos about Elizabeth White sent us into a tailspin.  OMG!!! That could be us we said.  Nuh-uh.  Nope.  Shit on that.

 

So now we’re in EDUCATION MODE.  What the hell is an IRA v. ROTH IRA, taxable v. nontaxable accounts, an IRA conversion ladder, etc…

But boy oh boy have we had an epiphany about the 457b!!!!!!

So I know in a prior post I stated that I would pay more attention to my deferred comp (457b) account later…well….REMIX!!!  That’s the lick.  I been sleeping on that.  This podcast put it on the map!!!  Millionaire Educator got my mind right so the deposits I was making in Vanguard is going to be going into the 457b…and I’ll have to reduce my vanguard deposits for now until I get this debt under control.

Deferred Comp August 2018

So I did start a deffered comp account last year….around May.  I recall there being two options, Nationwide being one of them so that’s who I went with.

Wish I hadn’t waited so long.  I only deposit $100/month in it right now but hope to increase that once I get a handle on my debt.  Anyway, here’s a snapshot below.

Since I’m obsessed with opening a VTSAX account through Vanguard I wanted to mimick the same type of investment fund in nationwide…which does not offer VTSAX as an option.  So after googling “nationwide fund that resembles vtsax” I discovered that if there’s an S&P 500 index fund option…go for it…100%.

So I pop open my Nationwide acct, check out the funds options and the S&P 500 Index fund was an option.  So I went for it.  through 100% in there…and now…I ….wait.

Will give a few months and post an update about it’s progress.

Debt Avalanche.

Here’s my debt avalanche.  I decided not go with the debt snowball after watching a particular video on youtube.  I got serious interest rates.  They suck.  I now.  So fuck that.

Hoping for the best.  Well, not even that.  I got to do better.  Otherwise, the shit isn’t going to work.

 

BUDGET 8.26.18

So I finally plugged some numbers in on YNAB.  I signed up for the service a year ago.  Never used it.  Like I said…this debt has been on my mind.  So I wanted to see what my monthly stuff looked like on paper.  Here it is. Tuh!

I’ve been paying my husband’s condo fee.  $175/month.  Been doing that for a while.  Up to $7k now.  I told him this morning that I would have to stop doing that.  He said, no problem.  He didn’t intend for it to go on as long as it did.  me either.  But when things are auto drafted…you forget about it.  All you know us that it is getting paid.

What else….well, I plan on paying of the lot in BSL pretty soon.  So both of those things together should free up over $600/month.

I’m seriously considering the Dave Ramsey debt snowball method.  I like Dave.  i’m not into the preachy, god stuff though.  I’m Catholic…and well, like most Catholics…you grow up in it….like 24/7.  You are saved right out of the womb…then you begin all your teachings and communions and prayers, and everything…so by the time you reach adulthood….your relationship with Jesus has been worked on for so long that it really does feel like he and the Saints are ya homies.  It’s just different is all I’m saying.

Different.  Then you go through this thing where your relationship with the Church just ain’t as solid.  But Jesus and the Church is 2 different things.  Not one in the same.  So….anyway, it’s complicated.

Whatever, I dig the debt snowball thing.  So I’m pretty sure I’m going to put that into practice.

August 2018

Checking in.  Not much has changed…on the debt front.  Still trying to figure it out.  Bought some property in Mississippi.  Close to the beach.  I had the money and I was thinking into the future.  retirement, so I jumped on it.  Still got debt though.  Been listening to a lot of podcasts.  Signed up for YNAB….a year ago.  used it for the first time today.

It’s on my mind.  A lot.  I am sick of it.  Sick of worrying about money.  Sick of being behind.  Sick of work.  Really fucking sick of work.

I think I can do this.   I really want to.  badly.

This is for me.

This blog is for me.  If you’ve stumbled across and enjoy what I’ve written, cool.  if not, cool.  You can leave comments…or not.  I may respond or I won’t.  I do not aspire to be a blogger.  I barely aspire to be in my chosen profession…a lawyer.  But I need a place to come to keep track of my….missteps and hopefully, my accomplishments. Ruminations. Clarifications. Abominations.  And such.

We’ll see.