Greetings. This blog will document our family's transformation from working stiffs to financial independence through intelligent investment decisions. It will also discuss the general nature of our entrepreneurial endeavors.
I am a self-employed consultant and my wife works for a high-tech company. We are both in our 30s. Our gross earnings for 2007 was about $75k before taxes and our projected earnings for 2008 are closer to $90k. Our current net worth is roughly $135k.
We both have an MBA. Let's see if we can put those to work.
Our current assets include:
My IRA: $58,000
Wife IRA: $30,000
Wife 403b: $3,000
Home equity (we live in our one and only property): $42,000
Taxable investment accounts: $6,000
MMA: $5,700
Personal and business checking: $8,000
Jewelry: $5,000
Autos: $9,000
Current liabilities:
Mortgage: $140,000
Student loans: $8,000
Credit: $2,000
Auto loan: $4,000
I am currently working on a couple projects which have the potential to add significantly to our bottom line. Check for an update every couple weeks or so. Post your questions if you'd like.
Friday, February 29, 2008
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