Updated about 10 years ago on . Most recent reply
Long term plan.
So I am working a long term plan for the next 10 + years an thought I would give the people some numbers to work with and see your different strategies.
Here it is.
Total take home pay after taxes $8712.24 a month. This is base pay before bonuses. I will for the time being leave my current investment income out - around $2100.00 a month.
Real estate. One SFR rented with 2 year lease 115k with 20% down - 30 year at 4.1%. Cash flow is 12% a year.
Liabilities. Phone car only. $556.70
Housing and expenses are taken care of by employer.
Based off the numbers given I am looking to build a long term plan an retire by 40.
I am 23.
Looking forward to your input.