Adam is 29 years old with a current net worth of 400K. He lives in Canada currently, but grew up in Eastern/Central Europe. Of the 400K, about 280K is invested in real estate while the remainder is in the equity markets. His goal is to be invested 50/50 in real estate/market investments going forward. We discuss his wife’s first rental property, his current stock holdings, and his plans for the future.
Gender Male
Age 29
Profession Account Manager
Net Worth 400K CAD
Allocation
Retirement Accounts 110K
Non Retirement Accounts
Home Equity 80K
Other Real Estate 200K
HSA
529 25K Not included in net worth
Cash 10K
Other
Investment Philosophy Index Funds and Real Estate – wants 50% in each
Age Became Millionaire N/A
Household Annual Spending 40-45k
Range of Annual Income 130K max salary
Financial Goal $1 million in net worth, then $1 million invested
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