He also showed up at Cardone's office in Florida and had flowers delivered in order to "make a point," he says. Kevin was charged with trespassing and disorderly conduct, and the charges were dismissed. But Kevin chalks up the whole thing to a learning experience, and the couple decided to take on more insurance to cover future mishaps. Kevin and Lauren's monthly expenses usually adds up to just a fraction of their income.
Here's a look at their spending in September Since the pandemic started, Lauren primarily stays home with the kids and doesn't use her car much. Kevin's Tesla is covered by the business, along with their car insurance and both of their phones. The pandemic has also changed their spending habits. An unusual monthly expense is the loan they pay to Kevin's dad. When his father retired, Kevin worried that he would blow through all of his money in a short period of time. He wanted ensure that he had a steady stream of income in retirement, so he offered to manage his father's money for him.
To do this, Kevin borrowed a lump sum and is paying it back, with interest, on a monthly basis. They admit that having kids also made a significant impact on their budget. It's easy for her to pass on new clothes or accessories for herself, but if one of her kids wants something, it's much harder to say no, she says, especially if it's educational.
There's one thing Kevin almost never does with his money: put it in a savings account. He'd rather see his money grow. After covering their monthly expenses, the couple reinvests the majority of what's left back into their business, usually to buy more real estate and renovate the properties they own.
They do put money away for retirement. Kevin also manages the couple's substantial investment portfolio. Going forward, the Paffraths want to keep building their real estate business and growing their investments, but they don't have a target net worth in mind. They'd rather focus on their time as a family. Once the pandemic is over, "we're really excited about growing our family, traveling with our children, letting them experience life in other countries and just trying to live life to its fullest," Lauren says.
What's your budget breakdown? Share your story with us for a chance to be featured in a future installment. Skip Navigation. Jennifer Liu. Lauren and Kevin Paffrath live in Ventura, California, with their two kids. Kevin and Lauren out with their two sons, Jack and Max. Lauren is the property manager for The Paffrath Organizaton. We got kind of addicted to the idea of owning homes and renovating them, and especially in a cost effective way.
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