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Question: How much money saved up a month is enough?

I live in NC and am looking into transitioning into real estate and investments since things are looking sketchy at work due to an on going workers comp case. I have a few properties that are being rented out and some money invested from my parents 401ks after they passed.

I have made a spreadsheet that I have set up to account for all my bills, property tax, income tax, ext to give me an idea of what I could potentially net at the end of the year.

As it stands, I am potentially looking at being able to save 1000 a month. I already have an emergency fund set up and plan to use the money from my settlement to cover emergencies for my properties. I am lucky enough to not have a mortgage or car payment either.

My question is for those of you with experience in this, especially in NC, with the current state of the economy, would you consider 1000 a month good enough, or should I look for more ways to pad that?

submitted by /u/KayakingHedgehog
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/k3wwyd/question_how_much_money_saved_up_a_month_is_enough/
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