This is based on last months numbers because during the beginning of the month I have to wait for all the accounts to settle as I receive rents, move money in between accounts, and pay expenses.<\/p>\n\n\n\n
<\/p>\n\n\n\n
Networth excluding Real Estate: 56,973<\/p>\n\n\n\n
Real Estate Equity: 226,827.5<\/p>\n\n\n\n
Total Networth: 283,800.5<\/strong><\/p>\n\n\n\n My Networth has not increased much this year. Mainly because real estate has been flat this year in Florida. In some parts it\u2019s even on a slight downtrend, but I think it\u2019s better than in other parts of the country that have plummeted. <\/p>\n\n\n\n Right now I am currently way too leveraged. I have one property that is providing negative cash flow by about 500 dollars a month. Having a vacancy in investment property #2 doesn\u2019t help either. <\/p>\n\n\n\n Main focus<\/strong><\/p>\n\n\n\n To mitigate the current bleeding and accelerate my Networth I\u2019ll have to get investment property #3 to break even. Currently I bring in $2575 a month, but the expenses are slightly over $3000. This will be the biggest help to my networth because it means that I\u2019ll be able to keep my profit from rental #1 instead of using it to subsidize property #3.<\/p>\n\n\n\n The next big thing will be to rent out property #2 to tenants who are more reliable. That\u2019s what I\u2019m currently working on.<\/p>\n\n\n\n There is also a 401k loan that I need to figure out how to pay off because it is costing my $430 per month on every paycheck. <\/p>\n\n\n\n Plan<\/strong><\/p>\n\n\n\n Once I fix property 2 and get tenants in there, I will focus on adding more content to my Amazon influencer. I\u2019d like to get the account to $1000 dollars a month. <\/p>\n\n\n\n Next, I want to work on creating an online business. I\u2019d like to find a product or service that I can sell to bring in extra money to help me deleverage. My second option is to go find a part time job, but I\u2019d rather work for myself as my second job. I need to learn how to jell the deer and drag it home. <\/p>\n\n\n\n Other things to work on include my personal brand. Apparently everyone in media is saying that\u2019s the new economy and everyone needs to get on it. I\u2019ve seen a lot of weird brands online that are making people money and giving them a following. A perfect example is this reel I came across on Instagram where the lady made a brand off being a 30 year old widow. The account is all about grief and the pain of losing her husband. Personally, I think that\u2019s weird that she\u2019s made an entire brand out of her husband\u2019s death. She records videos of herself crying, and I think that is the most psychopathic thing I\u2019ve seen within the grief industry. Regardless, she\u2019s getting sponsors and has over 100k followers. I might need to start a new account that is niched, and my main account that\u2019s for my personal. <\/p>\n","protected":false},"excerpt":{"rendered":" This is based on last months numbers because during the beginning of the month I have to wait for all the accounts to settle as I receive rents, move money in between accounts, and pay expenses. Networth excluding Real Estate: 56,973 Real Estate Equity: 226,827.5 Total Networth: 283,800.5 Personal analysis My Networth has not increased much … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[1],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/milliondollardiary.com\/index.php\/wp-json\/wp\/v2\/posts\/145"}],"collection":[{"href":"https:\/\/milliondollardiary.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/milliondollardiary.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/milliondollardiary.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/milliondollardiary.com\/index.php\/wp-json\/wp\/v2\/comments?post=145"}],"version-history":[{"count":1,"href":"https:\/\/milliondollardiary.com\/index.php\/wp-json\/wp\/v2\/posts\/145\/revisions"}],"predecessor-version":[{"id":146,"href":"https:\/\/milliondollardiary.com\/index.php\/wp-json\/wp\/v2\/posts\/145\/revisions\/146"}],"wp:attachment":[{"href":"https:\/\/milliondollardiary.com\/index.php\/wp-json\/wp\/v2\/media?parent=145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/milliondollardiary.com\/index.php\/wp-json\/wp\/v2\/categories?post=145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/milliondollardiary.com\/index.php\/wp-json\/wp\/v2\/tags?post=145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Personal analysis<\/h3>\n\n\n\n
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