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A millennial couple increased their net worth from zero to $500,000 in 4 years by making 5 strategic money decisions
The couple started by changing their mindset about money, then cut expenses, invested, and bought a rental property to build wealth.
Doreen and Lawrence Delva-Gonzalez are a millennial couple living in Upper Marlboro, Maryland. Doreen is an event planner, and Lawrence is a federal auditor.
In 2017, Doreen and Lawrence had a net worth of zero dollars. Four years later, the couple has built a net worth of around $500,000, according to records viewed by Insider. They’ve also designed a plan to reach millionaire status in the next three years.
Here’s the strategy that helped them build wealth.
They used apps to assess their financial situation and track their expenses
After graduating college with a business degree, Lawrence was earning $23,000 a year before taxes. He enrolled in a graduate program, but dropped out after realizing he was $80,000 in debt. For the next few years, he decided to take his finances seriously by learning as much as possible to change his financial situation.
