Millionaires in the Making
Dave and Annie Hall
The Halls
Dave Hall
- 31 years old
- Social Studies Teacher
- Adjunct Professor
- Teacher Trainer
Annie Hall
- 27 years old
- Social Worker
*Earn $160,000 together every year
Budgeting
Limited themselves to:
- $300 per month for groceries
- $60 per month for entertainment
- $600 per month for retirement
Dave Hall plans to be a millionaire in about 12 to 14 years.
Roots of the Idea
- Dave read "The Millionaire Next Door" - got thinking about finances
- A colleague informed him of the benefits of investing in properties (instead of equities)
Where They Are Now
- Dave and Annie have about $260,000 in equity in their three places
- They own mutual funds worth about $12,000
- Their stock worth is around $13,000
- Retirement accounts equal around $22,000
- Are not willing to sacrifice passions (travel) to achieve millionaire status
- Hope for their daughter to see the world by the time she's ten years old