Couple #2 is also Black. They are also both Physicians. However, they are both Army Majors, who enlisted before going to Medical School. Therefore, they have no student debt. However, they have a much lower annual income - $100,000 each. They plan to stay in the military for 20 years each. Currently, they are renting off base housing. They have been saving money to purchase a home, which is why they have the $60,000 in cash. However, the housing market has been very expensive lately, so they plan to keep on saving, and purchase a house in 7 years, when they retire from the military. Their Net Worth calculations are below:

Assets

Home rental

Two Honda SUVs Theyve had these cars for 10 years. Current value of the cars is $18,000 combined

Two 401k plans $60,000 each.

Jewelry $4,000

Cash $65,000

Liabilities

No car payments

No Student loans

Credit cards $2,000 balance, minimum payment = $100/mo.

Total Liabilities=

Total Net worth=

List three tactics this couple can undertake to increase their Net Worth ASAP

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