Net Worth

I have been getting real friendly with Excel lately trying to figure out how reasonable this retirement goal is going to be and what areas I need to focus on the most. I have actually calculated out my estimated assets and debts for the next 20 years. The best part I found is that my money invested and amount I owe on the mortgage will be the same in 7 years. So, if paying off my mortgage was my only goal that would be great! The down side is it looks like I will only have about $290k in cash in 10 years and still owe 155k on the house. Right now at 20 years I have about 952k in investments.

The one thing that I didn't actually calculate is passive income. This is a little hard to undersand how much passive income I'm going to have when I have none now and I'm not sure what my first investment is going to be. But, this is the most important thing for me to track since that is what I’m basing the retirement one. I'm currently thinking about picking up a rental house, it will give me a good place to stick some money, it should be somewhat reasonable managing one house and will help me start on the path to positive pasive income. The housing market in many areas is great forbuyers right now, unfortunetly Abq is weird and hasn’t really gotten hit like most places. But, I’ll still be looking out for a good deal out there.