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    A Choice Is Made Chapter 45

    Bette: Sounds like a plan. How were things at the studio?

    Tina: Great both teams are working hard to finish their projects. This is the first time I’ve seen simultaneous completions. I actually think the internal competition between two male producers will be good thing this time.

    They arrive home and take the luggage up to the apartment. They leave the stroller and head over to the diner for lunch. Angelica has pancakes, Tina gets an omelet and Bette orders a turkey sandwich. The baby shows signs of fatigue and they head home and put her down for a nap. Tina also takes a nap and Bette gets online to do a bit more work and check her emails. She is surprised to find a response from the advisors:

    Dear Ms. Porter:

    As you have requested we have taken an initial review of your finances and offer these comments.

    I look forward to finally having the chance to work with you both. We have been waiting to assist you for some time. You have a great start here and should be quite proud of your results.

    Sincerely,

    Katherine Morganstern, CFA

    Bette looks at the “Yours, Mine and Ours” spreadsheet and right away is drawn to the amount of cash Tina has in the bank.

    Bette: That car should have been paid off long ago. I’ll have Tina call after her nap to pay off the car.

    Next Bette settles in to read the real estate summary to understand the nuances of the areas they might consider. She is surprised to see an analysis of their apartment and their rent structure. It confirms that Mr. Hobbs has set them up in a very fair lease given the location, square footage and amenities.

    For the vacation home they focused homes with a minimum of three bedrooms in the Hamptons, Catskills and the New Jersey shore. We did not take a good look at the Poconos as there is tremendous variability to those communities. All of these communities are an approx. 2 hour commute from Manhattan.

    Long Island: Single family home would cost $1,000,000 or more

    Upstate New York Catskills (look here vs the Poconos) $300-800K, focus in Sullivan and Ulster Counties.

    Jersey Shore: wide range but certainly within your budget

    Comments

    1. Amazing again. Just love the way Peggy’s family and business partners embrass Bette Tina and Angelica as part of Peggy’s family. The way their financial situation is moving, is fantastic. I know they will do well in NY.

    2. Peggy is absolutely wonderful to have given them the help that she has and to consider them as a part of her family as well. Mo matter how much money you earn you can always use the professional advice to guide you and help make your life better. Peggy is awesome. Love all the chapters and you too are awesome. Thanks.

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