Why do you always seems so happy Andy! love it, thank you for bringing such content, Joshua is everyday Joe like me, seeing him being this successful is great.
Wife and I together for 17 years. We are 34/33 years old with 3 kids. Our annual income is now $200,000 up from $85,000 2.5 years ago (wife was stay at home for several years helping financially periodically with small jobs). Used Dave Ramsey’s Net worth calculator this morning and sitting at $615,000. I don’t think we will make $900k in 12 months to age 35 but we are doing pretty well and projecting our annual income to increase to $250k over the next 12-18 months. So that much more margin to grow the net worth. 😊
This is the best channel that actually provides real financial data and knowledge for people who are aged > 30, are married, and have kids. Really good. I am 36 years old and struggling to save and earn more income. At this moment, I have only 30 K in savings and 3 kids, with no debt. I hope in the next 10-15 years I will be able to get millionaire status.
What a kind compliment! You are spot on that we're trying to serve families like yours. Here are 8 areas that have helped families save more (without killing their joy!): ruclips.net/video/fxW_-2HHPW0/видео.htmlsi=XkjWpvakq2YAimjU
42 & 46, 2024 robust market pushed our investments to $911k last Friday + $500k home equity. No other debt. I don’t like to think of net worth including my house. I can’t liquidate that, I need to live somewhere.
hey man, this is a great channel. Would be great to hear these stories from people who start small businesses too. I think that is a big gap in youtube, successful small businesses and their networth story.
I've thought of starting a new channel focused on small businesses or solopreneurs (with a very similar format to this channel). Do you think it would do well?
For some reason I don’t count my real estate assets on my net worth because it’s a necessity and cannot be exchanged. Only investments and cash I count towards net worth and only then I can call myself millionaire
I’m just starting to invest and keep hearing mixed things about asset allocation. Some people say ETFs and index funds are great for getting broad market exposure, but I’ve also heard that some stocks in them don't perform well and could hold back my returns. Since I want to reach financial independence early as well, I'm not sure if I should be more selective with my choices now, or if I'm just overthinking it
You've explained the overwhelm of new investors to a T! If you're new, just start with VTI or VOO (or a Target Date Fund) and get used to investing consistently month over month. You can diversify over time as you learn more. Also, read some of these books. It'll give you more investing confidence: ruclips.net/video/i4kun_qZvx0/видео.htmlsi=pThSTQNmDE5_BCyS
The thing about having kids out of wedlock is so true and cannot be said enough. But if that's your situation, just do the best you can and make better decisions going forward.
For those curious: Income ranged from 28k-175k Breakdown: - investments = 280k - home equity = 200k - cash = 63k - CDs = 60k - private company equity = ~180k So many a bit more than 620k after misc is added. I’ve invested ~65k/yr since making over 100k
According to the Census, the wealth held by the majority of Americans is home equity and retirement accounts. Would you assume retirement accounts are dead money too since you really can't use it until retirement?
@@MarriageKidsandMoneyRetirement accounts are much more easily accessible, just penalized by early withdrawal. Home equity is of course part of your networth, but mentally I think it is a mistake to include. My house is paid off, but the only time I would realize it’s worth is when I sell or move.
@@MarriageKidsandMoneyno because your retirement is growing and you can access it through substantial equal withdrawals etc. A home and car value is usually only available if you sell it and then you need to buy or rent something else so yes ignore house and car value
@@turbocfn39 I see your point. At this point, our paid-off home will only be used as late-stage retirement money or a generational wealth gift to our children.
Track your net worth with Empower (free): www.marriagekidsandmoney.com/empower (affiliate)
Why do you always seems so happy Andy! love it, thank you for bringing such content, Joshua is everyday Joe like me, seeing him being this successful is great.
Joshua's success and his story make me happy :)
Wife and I together for 17 years. We are 34/33 years old with 3 kids. Our annual income is now $200,000 up from $85,000 2.5 years ago (wife was stay at home for several years helping financially periodically with small jobs). Used Dave Ramsey’s Net worth calculator this morning and sitting at $615,000. I don’t think we will make $900k in 12 months to age 35 but we are doing pretty well and projecting our annual income to increase to $250k over the next 12-18 months. So that much more margin to grow the net worth. 😊
That is incredible! You'll be millionaires well before 40 years old
This is the best channel that actually provides real financial data and knowledge for people who are aged > 30, are married, and have kids. Really good. I am 36 years old and struggling to save and earn more income. At this moment, I have only 30 K in savings and 3 kids, with no debt. I hope in the next 10-15 years I will be able to get millionaire status.
What a kind compliment! You are spot on that we're trying to serve families like yours.
Here are 8 areas that have helped families save more (without killing their joy!): ruclips.net/video/fxW_-2HHPW0/видео.htmlsi=XkjWpvakq2YAimjU
Great video, Andy! That is an awesome networth at that age. 🎉
Glad you enjoyed it! Completely agree. Joshua and Carly have made incredible progress together
42 & 46, 2024 robust market pushed our investments to $911k last Friday + $500k home equity. No other debt. I don’t like to think of net worth including my house. I can’t liquidate that, I need to live somewhere.
That's incredible! The market has been booming over the last year
This is amazing! This is my dream!
Awesome William! You've got this!
Awesome work s always mate...regards from Downunder 🎉.
Thank you for watching!
This is very inspiring. Thanks for another great video.😊
Glad you enjoyed it!
Great video, thank you for sharing.
Thanks for watching!
Well done dude! 🎉
Joshua is inspiring and transparent with his story - it's very helpful
hey man, this is a great channel. Would be great to hear these stories from people who start small businesses too. I think that is a big gap in youtube, successful small businesses and their networth story.
I've thought of starting a new channel focused on small businesses or solopreneurs (with a very similar format to this channel). Do you think it would do well?
@@MarriageKidsandMoney I think so, we only hear of business either tanking or hitting it huge, would be great to see real businesses and how they do.
@@gkim3138 Such a good point. Thank you for the inspiration
For some reason I don’t count my real estate assets on my net worth because it’s a necessity and cannot be exchanged. Only investments and cash I count towards net worth and only then I can call myself millionaire
That’s so awesome
Glad you enjoyed the interview!
I’m just starting to invest and keep hearing mixed things about asset allocation. Some people say ETFs and index funds are great for getting broad market exposure, but I’ve also heard that some stocks in them don't perform well and could hold back my returns. Since I want to reach financial independence early as well, I'm not sure if I should be more selective with my choices now, or if I'm just overthinking it
You've explained the overwhelm of new investors to a T!
If you're new, just start with VTI or VOO (or a Target Date Fund) and get used to investing consistently month over month. You can diversify over time as you learn more.
Also, read some of these books. It'll give you more investing confidence: ruclips.net/video/i4kun_qZvx0/видео.htmlsi=pThSTQNmDE5_BCyS
You’re overthinking it. Just start. Keep it in index funds. They’re mostly pretty similar.
I’m trying to figure out the best approach for my portfolio. How did you find your advisor? I feel like I need that kind of guidance
@@Joe900-px3nt Check out Nectarine -- this could be a great solution for you: ruclips.net/video/JR3BO_KGL8w/видео.htmlsi=c79CQTP_XpYfXpyP
@@MarriageKidsandMoney thanks, appreciate that
Happy for you. Im at $16k. Never have a child out of wedlock I guess…
The thing about having kids out of wedlock is so true and cannot be said enough. But if that's your situation, just do the best you can and make better decisions going forward.
But you have a KID. Cant put a $$$ to THAT 😊😊😊😊😊
At 620k at 30
That's incredible!
For those curious:
Income ranged from 28k-175k
Breakdown:
- investments = 280k
- home equity = 200k
- cash = 63k
- CDs = 60k
- private company equity = ~180k
So many a bit more than 620k after misc is added. I’ve invested ~65k/yr since making over 100k
I am only at 800k at 37. I feel so behind!
Comparison is the thief of joy. Ur totally in a great position.
@@ryan3716Same age and guess what I just reached half of yours. I am way behind.
If you feel behind don’t. Because I’m 35 with thirty two thousand in my 401k and 3,383.44 in emergency funds and three hundred in Roth IRA. 😢
I’m married with 5 kids 35Y and only have $400k+ you are doing great.
I am only at 5 million...lol quit fishing for compliments
Your home equity is dead money, it should not be included in your net worth.
According to the Census, the wealth held by the majority of Americans is home equity and retirement accounts.
Would you assume retirement accounts are dead money too since you really can't use it until retirement?
I agree with your sentiment that home equity is overrated, but it is indeed a part of the net worth equation.
@@MarriageKidsandMoneyRetirement accounts are much more easily accessible, just penalized by early withdrawal. Home equity is of course part of your networth, but mentally I think it is a mistake to include. My house is paid off, but the only time I would realize it’s worth is when I sell or move.
@@MarriageKidsandMoneyno because your retirement is growing and you can access it through substantial equal withdrawals etc. A home and car value is usually only available if you sell it and then you need to buy or rent something else so yes ignore house and car value
@@turbocfn39 I see your point. At this point, our paid-off home will only be used as late-stage retirement money or a generational wealth gift to our children.