Greater Columbia, Chapin, Irmo, Lexington and Lake Murray.

Wednesday, August 29, 2012

How Wealthy Are You?

Most folks just think of NET WORTH when considering wealth.  Of course, net worth is the value of all assets minus the value of all liabilities.  Assets include cash, retirement savings, checking and savings accounts, investments, HOME VALUE, investment properties and fair valuations on art, collectibles, furnishings, etc.  Liabilities include debt balances on mortgages, student loans, credit cards, home equity and any other debt.   The result is net worth.  The cool thing about owning your own home is that over time, home ownership becomes a significant part of net worth (my plug for home ownership!)

Number ONE tip for accumulating wealth?  SPEND LESS THAN YOU EARN.

I have read the really good book, The Millionaire Next Door, and one web guru, Hugh Chou, also read the book and created a really cool wealth calculator.  The book and Mr. Chou's online calculator follow the premise that your total net worth alone does not tell a good enough picture of one's wealth, what matters is how much worth you can accumulate on your income considering your own age.

Where do you stand?  Are you an UNDER accumulator of wealth?   AVERAGE accumulator of wealth? PRODIGIOUS accumulator of wealth?  In other words, what is your wealth index?    Well, you can figure this out with the link below.  I've also included other links such as a cool net worth calculator and a portfolio manager.

HOW WEALTHY ARE YOU?  (Hugh Chou's Wealth Equation Calculator)

Calculate NET WORTH

Portfolio Monkey (cool investment and portfolio management tool)

BUY a home in Columbia, SC

Interesting notes:
  • U.S. median household income in 2010: $45,800 (down 7.7% from 2007)
  • U.S. median household net worth in 2010: $77,300 (down 38.8% from 2007)
  • A recent Federal Reserve survey finds that during the recent economic downturn, American families are saving less and only slowly repaying debt.

Mel Coker
Columbia, SC Realtor
RE/MAX Metro Associates

Monday, August 27, 2012

Seniors Real Estate Specialist in Columbia, SC

MEL COKER is your Seniors Real Estate Specialist in Columbia, S.C.   When you're ready to BUY or SELL in the Greater Columbia area, be sure to contact Mel Coker

Mel is a life-long Columbia area resident and sells real estate in downtown Columbia, Northeast Columbia, Lexington, Irmo, Chapin and on Lake Murray.  Mel works at RE/MAX Metro Associates in the Irmo area.
Office: 803-223-6214

Click to Enlarge

Friday, August 10, 2012

Lake Murray - Beautiful South Carolina Lake!

Lake Murray Information by Mel Coker, Columbia's Realtor...

Check out my Lake Murray information to learn all about this wonderful lake in South Carolina. 

 Lake Murray has been named by BOATING MAGAZINE as one of the Top Ten lakes in the United States for living and boating.

(recent posts: Lake Murray 360 degree panorama, Lake Murray time lapse, church services on Murray)

More Cool Lake Murray Links:
Lake Murray eBook
Lake Murray Facts (printable in PDF)
Lake Murray 360 degree Panorama
Lake Murray Time Lapse

Mel Coker
RE/MAX Metro Associates
(803) 223-6214 office
Lake Murray & Columbia Real Estate

Wednesday, August 1, 2012

Irmo Home For Sale - Palmerston North Subdivision

102 Bronlow Drive; Irmo, SC
What a home!  Located in the popular Irmo area, this all-brick home features 5 bedrooms and 3 1/2 bathrooms.  And, it's PRICED TO SELL!

More features:

  • Hardwoods in foyer, formal dining room, kitchen, breakfast area
  • Formal Dining Room
  • Formal Living Room / Study
  • Family Room with Fireplace and bay window, flat screen TV conveys
  • Beautiful Kitchen! Smooth surface counters, pantry, white cabinets, breakfast area
  • Master bedroom (trey ceiling) with sitting area
  • Master bath has double vanity, Whirlpool tub and separate shower, walk-in closet, TV conveys
  • Backyard Oasis! 16' x 32' Inground Pool
  • Seller provides America's Preferred Home Warranty
  • Central heat and cooling
  • Beautifully maintained yard includes over 20 palm trees Architectural shingles
  • Two car garage
  • Deck
  • Large .77 acre lot
  • Back of Home / Pool
    Over 3100 square feet, all brick with a pool and priced at only $325,000.

    This home is convenient to downtown Columbia, Fort Jackson, Irmo area shopping, and Columbia Metropolitan Airport.  Lake Murray is less than 15 minutes away.

    This home is in the highly desired Lexington School District 5 area, with both Dutch Fork Middle and Dutch Fork High schools only 1/2 mile away (an easy walk).

    For complete information and pictures, CLICK HERE

    Need more information or wish to schedule an appointment to see this home?
    Contact Mel Coker
    RE/MAX Metro Associates
    (803) 223-6214 (office)