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Reply to "If you consider yourself Upper Middle Class (and you live in the DMV)..."
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[quote=Anonymous][quote=Anonymous]How do you accumulate NW? Investments? We are: HHI: 165k NW: $150k Family of 4 We don’t own a home yet. We have turned our financial situation around considerably in the last 2 years and are seeing some nice snowballing. (Paid off all debts, building savings, etc)[/quote] PP who owns a primary home and a second previously occupied home now as an investment property. It's a combination of real estate appreciation, good mortgage rates (under 3% for primary and under 4% for investment property respectively), maximizing 401k and 529 contributions and other investments with equity allocations, and paying down mortgage debt on two houses (one from rent) as well as incurring no consumer debt (credit cards, car loans, home equity, etc.) and paying for things with cash or savings. But it all starts with good salaries - ours have grown by $100K combined in the last 5 years but we haven't changed our lifestyles other than having another DD.[/quote]
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