The Real Estate Financial Planner Blueprint™
28 No Real Estate, Invest in Stocks

Summary At The End of Month 841

Let's summarize what your position looks like at the end of Month 841 (our last Significant Event). We will look at number of Properties owned, net worth, cash flow and several other important, key metrics.

Properties Owned

The chart below shows the total number of Properties that you own up to and including this month, Month 841.

Net Worth

At the end of Month 841, your overall net worth for the entire Scenario up to this point in time can be summarized by the following chart.

As you can see in the net worth summary above, your net worth for Month 841 is $19,042,591.01.

Account Balances

If we sum up the Account balances for all the Accounts each month we can see the total balance for each month up through this month, Month 841. Our total Account balance this month is $19,042,591.01 This is after all the income and expenses for the month.

The following chart shows how the total Account balance of $19,042,591.01 for all your Accounts is distributed over your 2 Accounts in Month 841.

Minimum Gross Income Required

The Real Estate Financial Planner™ software does calculations to determine what it believes you would need to be earning in gross income from all sources between you and your spouse (if you're buying together on the loan) to be able to qualify for the loans on Properties.

The software assumes you have no other debt besides your mortgages. If you have car debt, student loan debt, credit card debt or any other debts at all, it will increase this number. While it is not 100% accurate, a rule of thumb to estimate how much more you'll need to earn if you have additional debts is to double the monthly payment. For example, if your car payment is $300 per month, you'd need to add about $600 more per month in income to still be able to qualify carrying that additional debt.

Of course, this calculation is really an estimate and you should discuss the actual requirement with your lender for your specific situation.

The following chart shows you the estimated minimum gross monthly income required to be able to qualify for the current loans you have in the Scenario. For Month 841, you will need to be earning, at a minimum, $0 per month gross (before taxes) between you and your spouse.

Your income from your rental Properties can count toward this as well.

Significant Event Month 1148

Significant Event Description: Achieved 2 X Ideal Financial Independence Goal

Asset Allocation

How are assets allocated? Let's first look at this month.

And how have they looked over time up to this month?

Phases of Financial Independence™

With a Minimum Target Monthly Income in Retirement™ of $5,000 and a Ideal Target Monthly Income in Retirement™ of $8,000 at the time of achieving your Goal of financial independence, let's look at the Phases of Financial Independence™.