State of the Debt, Still In a Turkey Coma ’08

by Sean

A quick thought on the title: With my brother and sister both in from their respective corners of the country to celebrate Thanksgiving as well as my side’s Christmas, far too many opportunities to partake were presented. And, quite honestly, fully taken advantage of.

I don’t know about you, but I could probably skip eating for well into December and be just fine calorie-wise. ;)

On that thought, we again had a comparatively frugal Christmas. And in the end, we were again just happy to be able to spend some time together without the day-to-day distractions that make you to forget what is really important. Namely, those close to us.

But we’re here to talk about some dollars, so on to the money front. While we knocked off right around our average debt amount, our earnings, well, soared. Like last month, the big push for November was definitely of the shovel building variety.

I really worked at the system I’ve been following, and have managed to more than double our income for November. In fact, depending on how a thing or two shakes out, it may be closer to tripling it! I still have to wait until mid-December for November’s commission checks to arrive, so again, nothing has been applied to the debt as of yet.

We will have to wait and see if anything approaching this level is maintainable outside of the holiday season. But unless I really ramp things up in an extreme way, I’ve finally reached the point where I can comfortably draw on this business’ earnings without slowing future progress down.

I have a feeling we are going to start seeing some major debt destruction in the near future!

  Oct 31’08 Nov 30’08 Change
EVERYTHING We Owe
Credit Card Debts
Chase $17,172.37 $16,873.40 ($298.97)
Other Debts
Home Mortgage 38,365.84 38,315.84 (50.00)
Low Energy Loan 14,052.64 13,926.38 (126.26)
Line of Credit 22,163.12 21,949.70 (213.42)
Medical Debt 4,165.31 3,565.31 (600.00)
TOTAL Liabilities $95,919.28 $94,630.63 ($1,288.65)
  • http://www.loanstillpaydayuk.co.uk Caz@loans till payday

    Congrats on the income doubling for November. the holiday usually always sees a boost in visitors and revenue.

  • http://musik.hitmeister.de/ Ryan@Sofort Jazz Musik Kaufen

    I am sure it is great seeing some negative figures there continually as your debt diminishes! I wish you the best of luck with sales as you get nearer to Christmas! It sure feels good to pay it off . . .

  • http://www.spudmobile.co.uk/nintendo-wii-mario-kart.aspx mario kart wii

    what a nice festval bring opportunity to be together the whole family. We wait for one year very excitedingly and after christmas everything over and start to run as earlier.

  • http://gadgetwatcher.blogspot.com/ sumaiya

    Congratulations on your success :)
    Wish I have would seen figures like yours in holidays.

  • http://hardware.reviews-pc.co.uk/best-flash-drive/ James@Best Flash Drive

    Here is wishing you and all your readers a frugal holiday season. Hopefully no one see their credit card debt explode over the holidays. Grats on the double income, that is great.

    James´s last post:How to Clean Laptop Screen

  • http://www.gadgetwatcher.blogspot.com/ Sumaiya

    hey Congrats :D

  • http://www.earnmoneyonline78.blogspot.com Adnan

    congrats on your success… keep up the good work :)

  • http://www.foodzzee.blogspot.com Khan

    Good success in just one month… thats great!!

    Khan´s last post:Desserts and Cakes

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    Nice work man..keep it up.

  • http://www.grilled-fish.com Grilled Fish

    hey! That’s great, I hope you do tipple your income, that would be awesome :)

    Grilled Fish´s last post:Grilled Fish with Herbs

  • http://www.brokerage.com/stocktrading.html Mike@Trader

    Congratulations on the doubling! Hope you keep this rate up even after the holiday season is over!

  • http://www.internationalyachtchartergroup.com Mike@Yacht Charters

    Congratulations on the doubling! Hope you keep this rate up even after the holiday season is over!

  • http://www.searchplacement.com/ecommerce-seo.html Robin@ecommerce SEO

    Congrats. I have been reading and visiting your blogs for quite some time. How’s your son’s education going?

  • http://www.c-lineproducts.com/product_category.php?cat_id=sheet-protectors Naomi @ vinyl sheet protectors

    Congrats! During the holidays, it’s very stressful and very difficult to do what you are doing.

  • http://www.globalcollect.com/s-51-Direct%20Debit johnny@direct debit payment

    yeah this economy sure isnt helping in this dilemma, along with all of the bailouts :/

  • http://www.daviddalka.com/createvalue/ David @ Internet Marketing Management Strategy

    What rates are the loans? Are you paying them off in the right order?

    David´s last post:Search Engine Strategies Chicago 2008: Video Search Engine Optimization

  • http://www.characterplanet.com mmo

    your hard work is paying off..i did eat my fair share this holiday season as well :)

  • http://needtobedebtfree.blogspot.com JW Thornhill

    Congratulations on your success in 2008 and much more for 2009! :)

    JW Thornhill´s last post:Our January 2009 Zero Based Budget

  • http://www.progolfshot.com Golf Irons

    Grats. I hope 09 brings you just as much if not more success.

  • http://www.yentoo.com/ Yentoo

    Congratulations! You’re able to double (nah, triple) your income in 2008 when most people are trying to tighten the belt a little more bit. You mentioned that you worked hard and that you’re frugal this Christmas so it’s only fair that you have a lot of money to pay off financial obligations. I wish you and your family a more profitable 2009.

    Yentoo´s last post:Beautiful British Columbia

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    Congratulations and good luck in 2009 .
    Greetings from Spain!

  • http://www.100seotips.com SEO tips and techniques

    I know I am too late to reply, but I want share my views about Christmas. On November 2008 I worked at least 18 hours daily to fulfill my family needs. I have to look after my parents and younger brother and one sister. There were only USD 500 in my bank account and I wanted to save them for future needs. I earned USD 820 for Christmas.Ah! I cannot remember, the money was in my pocket, we were going for Christmas gifts, and suddenly i found that there is no money in my pocket, I have lost my wallet. That was the terrible Christmas for us and I have to spend my saved USD 500.

  • http://www.turkeyside.org Turkey Side

    nice work. so go ahead.

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