BUM said:Oh, and congrats BMJ you are way ahead of most, probably all 30somethings I've met.
Merry Christmas!
My path exactly. No doubt my net worth would be half of what it is without the multiple real estate we've bought. Definately wouldn't be semi-retired by now without it.Bought our first house in 1970. 3BR ranch, for $23,500. I was 26
years old at the time. To get the 10% down payment, I had to
check under the seat cushions in our car, and even sell my wife's
piano. Bought the next house in 1973. Paid $47,000 for that one.
Brand new 4BR tri-level. Owned a whole lot of real estate between
1970 and 1998 (when I quit for good). Truly, I seriously doubt if I could have retired otherwise. Tying up money in real estate
(even raw land) paid off big time. Guess that's why I am so infatuated
with it to this day.
BunsOfVeal said:I don't see how your networth is negative. If you have 30K in equity, that goes in into your calculation with a + sign. Unless you have massive student debts that's many times larger than your equity, you're in the black.
bongo2 said:Lazarus,
I had to smile at how incredibly similar your net worth table is to mine, including that long spell of flat net worth from YE 1999 to YE 2002 where I kept saving and saving, but my NW was going nowhere (and I had some personal issues as well at the time). It's important for all us young dreamers to keep in mind that there will be setbacks and reversals, but to not lose faith.
yelnad said:I broke 25k in my 403b this quarter. Yay for me!
I'm 31 and I have 21k in debt that I will pay off in the next 18 months, if I stick to my very detailed plan. Then I'll add that extra $1200 a month to my savings/retirement. I only make 37k/yr.
soupcxan said:Well, I finished the year at $134k. Not too shabby, but I'm still disappointed that I didn't break $135k.
If you use the Chinese New Year as your target date (Jan. 29/06), you can still hit $135K
Andre1969 said:So, does anybody have their 2006 year-end goals set yet?