Part 4/7:
Checking Accounts: $1,585
Savings Account: $300
High Yield Savings Account: $3,270
Brokerage Accounts: $3,668
Real Estate Investments: Three properties valued at $660,000
Miscellaneous Deposits: $900
Gal cleverly uses her high yield savings account like a checking account, opting to keep her money in an interest-earning account rather than a traditional one. This strategy reflects her focus on maximizing returns on her available cash.
Liabilities and Debt
Debt usually stirs apprehension, but Gal views it differently. She categorizes her liabilities into short-term and long-term, the latter primarily stemming from mortgages on her investment properties.
Her total liabilities are as follows:
- Credit Card Debt: $1,373