Fell for a ponzi scheme back in 2010 that severely crippled their finances, and they’re still trying to recover. She just into the personal finance thing a few years ago, and it’s awesome to see she’s getting better. She’s really into Rich Dad, Poor Dad and all that.
Luckily, she wrote and prioritized her goals. Her main goal right now is to invest real estate, as she is an experienced real estate broker, just terrible with money lol. Next, she would like to pay off the $190k mortgage within the next 5 years. Lastly, would be the $6k car loan. First thing I told her to do was make an emergency fund.
What is the next step? What would a rough timeline of achieving these goals look like based on the following information?
Combined Income- Roughly $100k Monthly Expense- Unknowns Mortgage- $190k Car Loan- $8k
Submitted May 25, 2020 at 05:19PM by Sf8686throw https://ift.tt/3gsvcEL
