It's been a year since I last posted. This is my current situation:
salary $26k
rental 1 $4k
rental 2 $4.5k
side hustles $10.5k
dividends $2k
Total: $47k
(Wife makes $25k, not included in above)
parents 4.5k
helper 0.7k
ppty tax 0.4k
credit cards 5k
bills 0.5k
loan 1 7.5k
loan 2 4.5k
income tax 5k
Total: $28k
Combined net worth: 6.5M
Though it looks good to many people, I worry all the time...
Quote:
Originally Posted by Unregistered
My current income streams:
salary $23k
rental 1 $2.5k
rental 2 $2.2k
side hustle 1 $6k
side hustle 2 $1k
dividends $1.3k
Total: $36k
If I retire I will lose my salary of $23k, leaving $13k.
However, these are my expenses:
parents 4.5k
helper 0.7k
ppty tax 0.4k
credit cards 6k
bills 0.5k
loan 1 6k
loan 2 3k
income tax 3k
Total: $24k
If I exclude income tax, it is still $21k. Granted that both loans are technically paying off properties which are assets, they are still depleting my cash.
Am I able to retire?
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