EvrClrx311
Full time employment: Posting here.
- Joined
- Feb 8, 2012
- Messages
- 648
Net Wealth since Graduation (Assets minus Debts)
Current Assets:
$682,000 Retirement (Non-Taxable) Accounts (mostly IRA, smaller 403b)
$574,000 Equity In Primary House
$183,000 Equity In Rental (Investment Property)
$32,000 Cash
$22,000 Taxable Investments
Mortgage on Primary is 2.75%
Mortgage on Investment/Rental is 3.5%
Currently the equity in housing and Investments (mostly Retirement) are about equal weighted in Net Wealth.
Definitely feel we have way too little taxable investments and cash, primary due to my wife starting a small business at home recently and having two children. Our goal is to boost that to hopefully get to 1/3rd in each within 5-7 years. We could probably live off of $120,000 a year, so I think we're about half way there in value... the next half should come easier (we hope). Definitely see some risk in the housing market in the near term, but we're 33% equity to mortgage on our rental (and it's very rentable) and about 40% equity to mortgage on our primary... both locked in at very low interest rates. I think we're positioned to weather any storms ahead for the economy. With two young kids and just reaching my 40s... I will likely work a little longer than I had anticipated, but I'm think we're getting there...My target is 2036. Hence the post title.
For anyone who has read this far, I'm really interested in other avenues to diversify. We've been fortunate with our rental, and renters, that it's been fairly easy. Not sure we want to pick up a third home if/when housing prices become more attractive. The home business is starting to produce income, but small amount. It's basically paying for our property taxes every year which is nice, for now. I anticipate being able to set aside $3-5k a month moving forward... for now looking to just grow the cash reserve and taxable investment account. We have no other debts.
2005 | $7,500 |
2006 | $24,993 |
2007 | $44,112 |
2008 | $41,546 |
2009 | $80,113 |
2010 | $137,763 |
2011 | $92,010 |
2012 | $134,414 |
2013 | $200,620 |
2014 | $248,183 |
2015 | $200,237 |
2016 | $276,832 |
2017 | $376,003 |
2018 | $388,309 |
2019 | $579,052 |
2020 | $798,717 |
2021 | $1,014,346 |
2022 | $1,167,302 |
2023 | $1,350,893 |
2024 | $1,389,453 |
Current Assets:
$682,000 Retirement (Non-Taxable) Accounts (mostly IRA, smaller 403b)
$574,000 Equity In Primary House
$183,000 Equity In Rental (Investment Property)
$32,000 Cash
$22,000 Taxable Investments
Mortgage on Primary is 2.75%
Mortgage on Investment/Rental is 3.5%
Currently the equity in housing and Investments (mostly Retirement) are about equal weighted in Net Wealth.
Definitely feel we have way too little taxable investments and cash, primary due to my wife starting a small business at home recently and having two children. Our goal is to boost that to hopefully get to 1/3rd in each within 5-7 years. We could probably live off of $120,000 a year, so I think we're about half way there in value... the next half should come easier (we hope). Definitely see some risk in the housing market in the near term, but we're 33% equity to mortgage on our rental (and it's very rentable) and about 40% equity to mortgage on our primary... both locked in at very low interest rates. I think we're positioned to weather any storms ahead for the economy. With two young kids and just reaching my 40s... I will likely work a little longer than I had anticipated, but I'm think we're getting there...My target is 2036. Hence the post title.
For anyone who has read this far, I'm really interested in other avenues to diversify. We've been fortunate with our rental, and renters, that it's been fairly easy. Not sure we want to pick up a third home if/when housing prices become more attractive. The home business is starting to produce income, but small amount. It's basically paying for our property taxes every year which is nice, for now. I anticipate being able to set aside $3-5k a month moving forward... for now looking to just grow the cash reserve and taxable investment account. We have no other debts.