least double that amount.
CREATE A BUSINESS PLAN
Since O’Mard wants to start his own property management company, he should develop a business plan and look into funding sources such as federal government loan programs and grants. He might also want to consider taking a property management course to help him prepare for his venture. BE
Winner No. 44 Kenneth O’Mard
Financial Snapshot:
| HOUSEHOLD INCOME | |
| Gross Income | $43,000 |
| ASSETS | |
| Home 1 | $109,000 |
| Home 2 | 130,000 |
| 1993 Mercedes-Benz | 7,000 |
| Mutual Funds | 3,000 |
| Checking Account | 2,000 |
| Savings Account | 1,000 |
| 401(k) | 8,000 |
| Total | $260,000 |
| LIABILITIES | |
| Mortgage 1 | $58,000 |
| Mortgage 2 | 30,000 |
| Car Note | 7,500 |
| Personal Loan | 3,000 |
| Total | $98,500 |
| Net Worth | $161,500 |