$21,258.38

by Dual Income No Kids on January 14, 2007 · 0 comments

…Is the exact amount we paid to to Washington Mutual in interest in 2006. Since its getting to about the time of year when everyone send your tax relevant information, we’ve been receiving a fair amount of stuff from our various banks, brokerage companies, etc. I’ve been processing and filing it as it comes in.

Of this stuff, the most impressive figure is the 21 thousand we paid in interest. If you assume that my wife Miel and I made about around $70,000 this year, then we’ll have paid nearly 30 percent of our income out as bank interest on our home mortgage. Yipes!

In contrast the small fortune we gave WaMu, is the paltry and unimpressive amount of income I’ve been paid from my research assistant job at the university. In 2006, I earned a grand total of $3005.50. Yikes! Thank goodness my wife has a real job!

I guess that’s about it for today!

Have a great weekend.

Best,

James

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