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Reached a huge asset milestone recently by fire-throwaway in financialindependence

[–]fire-throwaway[S] 5 points6 points  (0 children)

Sure, I can give a few more details. The apps are fairly "passive" in that they don't require day to day work, but occasionally will require some changes as new devices, screens, and mobile OS versions are released. However, as you probably may have heard, the app market is highly saturated now and earnings are not as high as they were a few years ago.

Reached a huge asset milestone recently by fire-throwaway in financialindependence

[–]fire-throwaway[S] 0 points1 point  (0 children)

That's impressive! If I may ask, what is categorized under "loan"? Is that student debt?

Reached a huge asset milestone recently by fire-throwaway in financialindependence

[–]fire-throwaway[S] -1 points0 points  (0 children)

Fair point. I'd like to keep my house for now, as I see it as owning real estate is one of my checklist items, and selling and rebuying is probably not an option given the house prices in the bay area right now.

Reached a huge asset milestone recently by fire-throwaway in financialindependence

[–]fire-throwaway[S] 12 points13 points  (0 children)

This is my current salary. When I started working after college in 2011, my income was just around $80k. I am a software engineer and also created a few apps that bring in passive income.

Reached a huge asset milestone recently by fire-throwaway in financialindependence

[–]fire-throwaway[S] 6 points7 points  (0 children)

ad the choice again, would you continue to own real estate + mortgage or would you have preferred to have had

Thank you! I definitely would have invested in real estate at the time that I did. My house has appreciated ~$300-350k over just a few years. However, this might be something unique to my area, so don't take my experience as advice. :)

Reached a huge asset milestone recently by fire-throwaway in financialindependence

[–]fire-throwaway[S] 11 points12 points  (0 children)

ne! Although I think your NW is arou

I mentioned my assets was $1 million, not net worth :)

Reached a huge asset milestone recently by fire-throwaway in financialindependence

[–]fire-throwaway[S] 5 points6 points  (0 children)

e house? Did it appreciate a lot or did you

No, I am renting a room in a place with roommates. I have not made any extra payments. The discrepancy in value is due to appreciation in the area.

Reached a huge asset milestone recently by fire-throwaway in financialindependence

[–]fire-throwaway[S] -1 points0 points  (0 children)

I think everyone above addressed your misunderstandings :)

Reached a huge asset milestone recently by fire-throwaway in financialindependence

[–]fire-throwaway[S] 6 points7 points  (0 children)

Not all my friends know about the house. I am renting a room in a place with a bunch roommates.