MAY 2024 NET WORTH & FINANCIAL GOALS UPDATE

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  • Опубликовано: 12 сен 2024
  • In this video, I share our real number net worth as of May 31, 2024. When we started this journey back in 2020, we had over $120,000 in student loans. Over the last two years, we have more than doubled our net worth by decreasing our liabilities and increasing our assets. I talk about how to calculate your net worth and how our net worth has changed over the last year. I also discuss our current financial goals and our progress towards our 2024 financial goals which include maxing out two Roth IRA's for 2024, saving for a basement remodel, saving additional money towards our emergency fund and saving for our kids college funds.
    Knowing your net worth is a critical part of your financial picture. Many confuse income with net worth; however, they are very different. Your net worth is a calculation of your assets minus your liabilities. Assets can include cash in a savings account, 401(k), jewelry, or real estate investments. Liabilities can include any outstanding debts you might have, like student loans, credit card debt, or a mortgage.
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    ○ Last Net Worth/Goals Update: • JANUARY 2024 NET WORTH...
    ○ Our 2024 goals: • My 2024 Goals | Financ...
    ○ How to use my net worth tracker and download for free! : • How to track your net ...
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    PLEASE NOTE: I am not a finance professional and just want to share my journey openly and honestly. This is only my experience and not intended to give financial or legal advice.
    #networthupdate #financialindependence #firecommunity #budget #budgetmom #debtsnowballupdate #debtfreecommunity #novemberfinanceupdate #financeupdate #debtfreejourney #debtfree #financialpeace #maynetworth #may2024networth #may2024networthupdate #moneygoals #moneygoals2024

Комментарии • 34

  • @DearDebt
    @DearDebt  2 месяца назад

    Frequently referenced links:
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    DOWNLOAD my net worth and financial goal tracker for free here!: docs.google.com/spreadsheets/d/1IjKeXOxJ08JRhgJYtp4bG6O6THiAmv8rMR4a0LZLyp8/copy
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    See you in my next video! XO, Amy

  • @ebbss4
    @ebbss4 3 месяца назад +6

    I’m glad so you’re back! I’m sorry for your loss. Take your time and don’t feel pressured for us💖

    • @DearDebt
      @DearDebt  3 месяца назад +1

      Thank you ♥️

  • @kimtapp5677
    @kimtapp5677 3 месяца назад +2

    I have been using your net worth and goals tracking spreadsheet for about 6 or 7 months now - I love it, thank you for sharing! I get so excited to fill in the numbers at the end of every month. We're up about 47k so far this year, although April was a down month for us. Boo for taxes 😂.

    • @DearDebt
      @DearDebt  3 месяца назад

      I love it! I’m so glad you’re using it 😁😁😁 amazing job this year!!!

  • @budgetnerds
    @budgetnerds 3 месяца назад +3

    Congrats on hitting an amazing milestone! Please take all the time you need to grieve, I'm so sorry for your loss.

    • @DearDebt
      @DearDebt  3 месяца назад

      Thank you ♥️

  • @FoxyFinances
    @FoxyFinances 3 месяца назад +2

    Tragedy can really provide perspective. So very sorry for your loss. Definitely do be gentle with yourself. ❤ I like how you have the net worth listed, I’m inspired to do the same. (I have a 2018 CRV too! 🚗

    • @DearDebt
      @DearDebt  3 месяца назад +1

      We love our CRV! It’s a trooper we abuse it with 3 kids and sports 😅

  • @singleparentfire2363
    @singleparentfire2363 3 месяца назад +2

    That’s so exciting to hit 300K in retirement and savings account. I track my monthly network and my next milestone is to hit 1 million in assets which I’m hoping to achieve by December 2024

    • @DearDebt
      @DearDebt  3 месяца назад

      So exciting!!!!

  • @Intotheunknown89
    @Intotheunknown89 3 месяца назад +2

    I include a row that is “liquid net worth.” It excludes my primary home value. It shows overall investment performance and my contributions.

    • @DearDebt
      @DearDebt  3 месяца назад

      That’s a great idea! I might have to add that

  • @deedeeb9112
    @deedeeb9112 3 месяца назад +1

    You are amazing! Sending love and prayers from the northeast!

    • @DearDebt
      @DearDebt  3 месяца назад

      Thank you so much!!

  • @tnjones522
    @tnjones522 3 месяца назад +2

    Amazing progress! Also continuing to send you my condolences. Great idea on the additional testing.

    • @DearDebt
      @DearDebt  3 месяца назад

      Thank you ♥️

  • @judithbuchanan9566
    @judithbuchanan9566 3 месяца назад +2

    I’m so happy with this video Amy. In the midst of so much personal sadness, it is definitely nice to see & hear this financial update ❤️❤️❤️.

    • @DearDebt
      @DearDebt  3 месяца назад

      Thank you!! Appreciate you always being here for me ♥️♥️♥️ it doesn’t go unnoticed by me!!!

  • @TIRATalksFinancialPlanning
    @TIRATalksFinancialPlanning 2 месяца назад +1

    My condolences to you and your family. Next milestone for us is 500k net worth.

    • @DearDebt
      @DearDebt  2 месяца назад

      Thank you ♥️ best of luck with your milestone!!!

  • @BoopnBudgets
    @BoopnBudgets 3 месяца назад +1

    Oh no! Im so sorry for your loss! 😢 I pray you’re comforted and given strength 🙏🏻🤍
    Great job with achieving your goals!😊

    • @DearDebt
      @DearDebt  3 месяца назад

      Thank you ♥️

  • @emptynester547
    @emptynester547 2 месяца назад +1

    I don’t stress too much bout retirement because tomorrow is not promised to anyone. Sorry for the loss of your sister.

    • @DearDebt
      @DearDebt  2 месяца назад

      Thank you 🫶🏼

  • @genealotech
    @genealotech 3 месяца назад +1

    I’m so sorry about this. My late husband passed away from a pulmonary embolism in 2000.
    💔

    • @DearDebt
      @DearDebt  3 месяца назад

      I’m so sorry. It is so tragic. 💔

  • @inea-fijourney22
    @inea-fijourney22 3 месяца назад +1

    Im so sorry for your loss 😔

    • @inea-fijourney22
      @inea-fijourney22 3 месяца назад +1

      I have been feeling the same about our financial goals. Two close family people passed in the past couple months. I have been thinking a LOT about balance between living the now and invedting for future.

    • @DearDebt
      @DearDebt  3 месяца назад

      I’m so sorry to hear that. And yes it definitely brings a totally new perspective. I’m hoping I can try to find a good balance moving forward to keep the goals in mind but also release the strings a little ♥️🫶🏼

  • @amycolucci6769
    @amycolucci6769 3 месяца назад +1

    Great job🎉

    • @DearDebt
      @DearDebt  3 месяца назад

      Thank you! 😁

  • @KattsLife
    @KattsLife 2 месяца назад +1

    💸💸💸