IronTux's ::1

Blog, gaming, and ham radio

May 2017 debt status

In my previous post I showed my debt when I started Dave Ramsey’s plan. Here is my current progress. Creditor Original amount Current amount Interest paid Principal paid Forgiven Judgement: Asset Acceptance $1764 $0 $14 $1764 Collection: MCM $3034 $0 $0 $3034 Collection: EOS CCA $643 $0 $0 $257 $386 Collection : Car repo $5376 $5376 $0 $0 Student loan: sub $7912 $7597 $379 $315 Student loan: unsub $9722 $9333 $465 $389 Credit card 1 $18 $0 $0 $18 Credit card 2 $7504 $5174 $1119 $2330 Car loan $21719 $19221 $1325 $2498 TOTAL $57692 $46701 $3302 $10605 $386 EOS CCA settled at $257.

Past finances

During my mid to late teens, I read books about the stock market and retirement. I knew back then that putting money into retirement was extremely beneficial and would easily make me a millionaire. My first real job was in the Air Force, where I immediately went into debt by purchasing some encyclopedias. Also I did not follow the instructions I previously learned about investing in my retirement. Upon leaving the Air Force I was mad with myself for not investing in my retirement, so I opened a Roth IRA with my bank.