Army Statistics by Year (if recruiting goes well):

Last month I posted to officially declare war on debt. Although the battles began discreetly in January, it was time to publically announce the commitment to destroy the greedy barbarians. Before getting into July updates, let me share the three-year plan to rid ourselves of these bloody fools.

3 Year Loan Pool / Investment Plan

YearCumulative Student Loan PoolCumulative Student Loan PaymentsCar Loan PoolCumulative Car Loan PaymentsAnnual IRAAnnual 401(k)
2017$7,918$5,2190$1,920$5,500$18,000
2018$12,538$10,4380$3,840$5,500$18,000
2019$17,448$12,7213,800$5,760$5,500$18,000

I will be around 3K short at the end of 2019 for my student loan pool, meaning that in the next 3 years side hustles / arresting expenses will be required to hit the goal. Have a suggestion? Would love to hear it!

Army Updates for July 2017

In my original post, I stated that I’d be sharing spreadsheets with my plan. It was decided to use graphs and tables instead as they are more visually appealing! If you are in need of a loan amortization spreadsheet or of help to create a debt free/investing plan – contact us!

  • Bad Guys:

    Student Loans of the East
    • Army Size: 31.5K
    • Growth Rate: Avg of 5.5%
    • Weakness: Although large in numbers, the army lacks trained fighters. Each month they lose 294 men
    Auto Loan of the West
    • Army Size: 9.1K
    • Growth Rate: 5.5%
    • Weakness: Sickness infects the army to reduce its size by 117 each month

    Good Guys:

    Loan Pool Savings of the North
    • Army Size: 7.4K
    • Growth Rate: 1.0%
    • Weakness: Early career salary means an average of only 375 greenbacks soldiers graduate to fight each month

Side Hustle Income Update for July 2017

July didn’t bring in any new side income opportunities. The blog has been keeping me pretty busy along with working 60+ hours a week. I’d love to turn in some of the writing into free-lance work, or potentially monetize our blog in the future. I’m not in a rush to do either, although writing has become a new hobby I truly enjoy.

Lessons from July 2017 Update

This year I received my first bonus as a full-time employee, my biggest lesson from it: use it for both your financial goals and to reward yourself for hard work. For me, I bought some new furniture for my space (used of course)! I’m pretty excited about it since it had been so long since doing so. It wasn’t much – only 10% of the bonus.

For me, I bought some new furniture for my space (used of course)! I’m pretty excited about it since it had been so long since doing so. It wasn’t much – only 10% of the bonus. The rest? Loan pooling it up!! I was able to add ~$700 to the savings account that brings me closer and closer to the goal!

Overall July was a great month. I had no idea 401(k) money was taken from bonus checks, so that will give me a boost for the year on completing the 18K contribution goal. I was able to add a small deposit to my IRA as well. I’m currently ahead of schedule for my debt free journey and on track to max retirement accounts for the year. It’s a great example of why tracking is so important. THE FEELING IS AMAZING. Seeing a goal, planning for the goal, and executing on a goal – few things in life match the blood boiling feeling of seeing sacrifices pay off. Join me in hitting our goals this year!!

July Update - Baby screaming with text "Let's hit our goals!"

Concluding Thoughts

The battle of July was won by the good guys in terms of numbers. The good guys grew, the bad guys shrunk. If the good guy’s strategy continues, the barbarians have no chance in the long run! The army of the north is sure to win the war!

Please share any tips or suggestions for me or any updates on your own war. Thank you for reading!