So for the end of the year, everything looks to be on track. My prediction on my measure (long term debt – liquid assets) 240162 – 30100 = -60838 for the end of 2018. Under that measure, we are a bit ahead. 251,487 – 301,032 = -49,545. We probably don’t get to 0 by the end of next year, but it should be close.
Lately though I have been evaluating things on total debt – liquid assets. This a much better measure, because it takes in to account my current credit card (which we pay every month), and the car lease which right now is about 20k.
With out accounting for those 2 items you really can’t predict when we *might* be able to pay off the mortgage. That current measure sits at: -75,226 (basically 20K for the car lease, + 5K in current CC debt).
The big expenses coming are the same. The roof, will hopefully last in to the mid-2020s, but no guarantees. That’s 30-40K easily. Doors and windows 10K (probably this year). No major car expenses coming, and I’m going to keep my car at least another 2-3 years. Pretty happy with it.
Additional income coming though. This year, ~30K in stock after taxes. Wifes income, 15K. So that’s about 25K more than last year. Bonus structure is about the same, and looks good through at least the next year. I am set on my bonuses through the rest of the companies FY. Next big set of bonus is coming in 30 days.
As the market dips, I’ve been buying stock. Basically whenever we hit recessions I will continue buying. Looking at pullbacks greater than 20% for small buys…. anything greater than 30-35%, buy a ton more. Already started this a bit.
So now, I doubt I will pay off the mortgage unless, the market is at a high and we have at least 100K in the bank. Other thoughts have been to fully fund the college funds, or buy real estate if there is a good opportunity to invest (which hasn’t existed in this area since about ~2009).
Markets are looking to be way up for the day so I may come back and revise these numbers.