may net worth update

@morgan.on.money

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Why it worked

The video taps into the audience's curiosity about personal finance and wealth accumulation. By providing a transparent and detailed breakdown of net worth, including specific numbers and account types, the creator fosters engagement and relatability, encouraging viewers to track their own finances.

Summary

The creator provides a detailed breakdown of their net worth as of May, including cash, 401k, Roth IRA, taxable brokerage, pension, HSA, cryptocurrency, real estate, and vehicles. They also list their liabilities, primarily mortgages and a credit card balance, to arrive at a total net worth of over $1.2 million.

Structure

1Introduction and personal details
2Breakdown of assets: cash, 401k, Roth IRA, taxable brokerage, pension, HSA, cryptocurrency
3Real estate and vehicle assets
4Liabilities: mortgages and credit card
5Total net worth calculation
6Reflection on financial journey and progress

Product placement

The video shows screenshots of various financial accounts including cash, 401k (ESP and PSP), Roth IRA, taxable brokerage accounts, a defined contribution plan (pension), HSA, cryptocurrency (Coinbase and Robinhood), real estate, and vehicles. It also displays loan information for primary and investment property mortgages, and a credit card balance. The creator mentions specific platforms like Coinbase and Robinhood for cryptocurrency, and implies the use of a financial tracking app or software to display the account balances.

Original caption

may net worth update 📈 #fintok #PersonalFinance #retirement #investing

More from @morgan.on.money

On-screen text

may net worth update 37 💸 $250k+ comp ✨ no kids current high old saving living Texas always let's always cash have Cash $13,522.72 (-21.7%) 1 month change $48,798.28 $48,798 and much not that's move accounts contributing 1 15 maxing last have match between 5 7 current 401(k) ESP 401k $457,634.66 2 hours ago 401(k) PSP 401k $151,774.64 2 hours ago 1K $609,410 $609,410 to the Roth working just for balance Roth IRA Roth IRA $40,441.52 6 hours ago $40,149 taxable balance Taxable Brokerage brokerage (taxable) $22,826.28 2 hours ago Taxable Brokerage brokerage (taxable) $119,320.25 6 hours ago $142,146 $142,146 have defined which pension Your balances as of May 31, 2026 Total Qualified Account Balance $103,934.94 $103,934 HSA Health Savings Account (HSA) $20,080.06 6 hours ago $20,080 percentage investments cryptocurrency Coinbase Cryptocurrency $10,943.44 1 minute ago Robinhood Brokerage (taxable) $7,941.59 6 hours ago $18,889 $18,889 between Bitcoin two September divesting and my the rental property my at $912,200 $912,200 estimated Vehicles $21,000.00 $21,000 of including in asset depreciating asset liabilities other mortgages of totals Loans $649,443.28 Primary Mortgage $365,595.99 6 hours ago Investment Property Mortgage $283,847.29 6 hours ago $649,443 $649,443 this card out of NET WORTH $1,262,857.85 Performance 1 month $56,958.18 (4.7%) 1 month change $1,262,857.85 $1.25M $1.2M $1.15M $1.1M $1.05M May 2 May 6 May 10 May 14 May 18 May 22 May 26 May 30 Jun 1 *sorry, one of my accounts updated between filming and editing $1,262,033 $1,262,033 three sharing can of first college $40,000 tracking intention last years

Transcript

Here's my current net worth as a high earning 37-year-old who prioritizes saving and investing, living in Houston, Texas. And y'all are always so nosy, so let's break it down. As always, starting with the cash account. I currently have $48,798 and cash. And you might think this is too much cash, but my needs are not your needs and you and I will be different and that's okay. Now let's move to the investment accounts. I have been contributing to a 401k for the last 15 years, but only maxing it out for the last eight years. I have always had a match between 5 and 7%. So the current balance this month in my 401k is $609,410. I am so embarrassed to admit that I did not realize the importance of a Roth IRA, so I'm working on this one. I just did my Roth conversion for 2023. The balance is now $40,149. For my taxable brokerage, the balance is $142,146. I have an employer defined contribution plan, which is a form of pension. It has a balance of $103,934. My HSA is sitting at $20,080. I have a small percentage of speculative investments in cryptocurrency. I have $18,889 between Ethereum and Bitcoin. Right now I own two properties. But in September, I am divesting my primary residence and moving back into my rental property. The total value of my real estate this month is at $912,200. The estimated value of my vehicles is $21,000. For those of you complaining about including your car's value in your net worth, it is an asset, a depreciating asset. Now let's move to the liabilities. I don't have any other debt besides my mortgages. The outstanding balance of my mortgages totals $649,443. This is my current credit card balance. This gets paid in full every month. This comes out to a total net worth of $1,262,033. Sorry, one of my accounts updated between filming and editing. $1,262,033. My first salary out of college was $40,000 and I've been tracking saving and investing with intention for the last seven years.