$1,000,000.00 Count Up

Numbers as of 11/01/2011

Total Cash $25,000.00

Total Real Estate $270,000.00 (140k Primary Residence, 60k Rental 1, 70k Rental 2)

Total Retirement $11,300.00 (Vanguard Roth IRA)

Total Mortgages $177,000.00 (Primary Residence, upside down)

Total Other Debt $15,700.00 (Student Loan)

Total Equity $113,600.00

Other Relevant Stats

Dad’s Yearly Salary $85,000.00*

My Yearly Taxable Income ~ $140,000.00 (Will be less in 2011 because of having B)

Rental Income after Basic Expenses, No Repairs (Property manager, Taxes, Insurance) ~ $15,000.00

Monthly Personal Family Budget ~ $7000, (does not include business expenses)

*Note that Dad started making this salary in June 2011, was making 65k before


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: