Ah, another month passes, and another cool thousand (and change) disappeared from that big ol’ total. Slow and steady. Blah, blah, blah.
While debt reduction is certainly way up there on our priorities, this month’s focus was elsewhere. Namely, as Dave would say, I spent a fair amount of free time the last month or two building a bigger shovel.
I’ve spent spare time in the evenings playing around with Adwords ad campaigns, and have stumbled upon a system that is doing well for me. Well enough that I’m considering shutting down my side business in the very near future. Well enough that, assuming I can continue to steadily grow it, may see me making it my primary income, for that matter. Well enough that I wake up excited to get back to it. Enjoying what you do cannot be overrated!
But those successes have not been reflected in our debt progress yet, as everything is ramping up so quickly. Yesterday’s earnings are bankrolling tomorrow’s increased earnings. I’ve literally quadrupled what I made in September’s this October, but that entities’ account (a good business owner knows that he should keep his monies separate, don’t ya’ know) shows as close to zero. At least, until my commissions come in in a couple weeks. Which I’ll then use to keep the ball rolling into December. Oh, sure, I could slow down and draw some of that out as profit. But with the holidays coming up, that seems like a shortsighted thing to do!
| Sept 30′08 | Oct 31′08 | Change | |
| EVERYTHING We Owe | |||
| Credit Card Debts | |||
| Chase | $17,476.08 | $17,172.37 | ($303.71) |
| Other Debts | |||
| Home Mortgage | 38,415.61 | 38,365.84 | (49.77) |
| Low Energy Loan | 14,178.37 | 14,052.64 | (125.73) |
| Line of Credit | 22,546.34 | 22,163.12 | (383.22) |
| Medical Debt | 4,315.31 | 4,165.31 | (150.00) |
| TOTAL Liabilities | $96,931.71 | $95,919.28 | ($1,012.43) |

{ 10 comments }
Congratulations on this months debt reduction. Our debt is twice but most of it is on the mortgage, why so large well we are in the UK and property prices in general are much higher. Keep it going I know how hard it can be.
Happy Belated Halloween! Thanks for sharing those values.
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Getting rid of debt and turning it into earnings is always something to celebrate about.
a very well organized table indeed! thanks for the information!
Congrats!
Have you asked any of the providers whether they can reduce your rates on any of these loans in return for accelerated payments?
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Stumbled upon late but better late than never. Congrats. very interesting and informative post.
Congratulations… thanks for the information!
I am going to investigate on the method you use altough i didn’t use adwords that much…thanks
A very interesting post with a nicely rounded up table! Congratulations!
ps. happy halloween (belated)!
I think now is the time of international financial crisis.In such a reverse situation you are enjoying your debt reduction and turning it into earnings.Nothing great other than this,really enjoyable..
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