the best economic opportunity at the time.” Potter should develop her entrepreneurial options as she gets her M.B.A., talk with advisers, and then write a business plan on the most viable one.
The Advice
Financial Snapshot: Mikia Potter
|
HOUSEHOLD INCOME |
|
| Gross Income | $66,876 |
|
ASSETS |
|
| Checking | $4,500 |
| Savings | 5,500 |
| Brokerage | 1,800 |
| 401(k) Retirement Plan | 25,000 |
| Market Value of Primary Home | 120,000 |
| Market Value of Investment Property |
47,000 |
| Car | 8,775* |
| Total | $212,575 |
|
LIABILITIES |
|
| Mortgage — Residence | $114,000 |
| Mortgage — Investment Property | 36,500 |
| Credit Card Debt | 3,250 |
| Total | $153,750 |
| NET WORTH | $58,825 |
| *According to Kelley Blue Book | |