It's almost 2021 & time to reflect on the wins & losses of 2020. 202 was a very good year for me with few losses except for a couple of canceled trips, which actually ended up being to my advantage.
1. Paid off my TSP loan. I took out a loan of $30k in the autumn of 2015 to pay off credit card debt. I buckled down to pay it off early in May 2020.
2. Paid off my car loan. I had an accident (not my fault) in November 2015. The insurance company totalled out my 2008 Toyota Corolla. I put $10k down on my Honda CR-V and financed $20k at 2.19% for 73 months. I buckled down to pay it off a year early. I hope to keep this car for at least 5 more years.
3. Probably my biggest debt win this year was the $22k in credit card debt that I had earlier this year. It's now down to $2k and I will pay it off next month. That will mean a lot more money to rebuild savings and explore stock investing. I am recommitting to paying off my cards every month.
4. I worked a lot! I made approximately $30k at my side hustle jobs. Since so many of my plans were canceled: trips, dance classes, theatre season tickets, I was able to maximize my time to earn more.
5. I lost some weight. I've gained some of it back, but am recommitting to healthier eating in 2021.
6. I had $0 savings at the beginning of the year. I now have almost $3k in savings. It's not a lot, but it means I won't have to get a loan from my mom again if I have to replace my A/C or some other home repair pops up. I have recommitted to saving monthly. Again, this will be easier with less debt payments.
7. And finally, I passed $1 million in net worth in September. Earlier this month I achieved $1 million held in investments only, not including assests such as my home or car.
Here's to an even better 2021!