So my networth this month is Not positive :( well it seems that it will take ages for me to get into the positive zone. Today I extrapolated my future earnings and spending to arrive at the time that I will take to have a positive networth. I found that it would be somewhere after one and a half years. Though I will not be debt free but moving into the positive zone would certainly be a fillip.

One would think how I can imagine the positives of getting into a positive zone if I have not experienced it. Well, there was a time I was debt free would be the simple answer. But no! The answer is rather more simple, this month I did something special, I got out of my credit card debt altogether.

A long period of extreme frugality made me accumulate enough money. This money I put into stock market and when the market was doing well I sold some shares to pay for my credit card debt. Financing my bad debt with an asset was probably not a good move in some finance whiz books but it sure gives you a moral boost and avoids the side effects to a certain extent.

Last month the networth grew by 3.94 % and now with the credit card debt gone I will have more ideas and more spare money to grow my networth furthermore.

Now what next? I think the other positive that’s going to come out of this is that I would be able to channel some money to my emergency account and some for asset creation. This implies that I shall be able to move out from extreme frugality to just frugality. For the time being I can think of only these two positive effects.

I can now eye on the huge personal/utility loan. Soon I would be devising a plan to get out of it. The student’s loan can hang on for a while as its interest rate is too low and I am paying the interest regularly so no increment in the amount. It feels great! Wish me luck