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My net worth at age 29

@amberwavesofbrain

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Why it worked

The video taps into a common interest in personal finance and wealth building, using a direct and transparent approach to sharing net worth figures. The creator's relatable tone and breakdown of different accounts make the information accessible and engaging for viewers interested in financial progress.

Summary

The creator shares her net worth update at age 29, detailing her checking, savings, cash, high-yield savings, health savings, Roth IRA, traditional IRA, brokerage, and credit card balances. She reveals her total net worth is $438,136, noting a slight decrease from the previous month.

Structure

1Introduction and checking account balance
2Savings and cash on hand
3Emergency fund in HYSA
4Health savings account
5Retirement accounts (Roth IRA, Traditional IRA)
6Brokerage account
7Credit card debt and total net worth calculation
8Comparison to last month and year-to-date progress

On-screen text

My net worth at age 29 welcome back nosy bitches here is my net worth update for the month in my checking account $5,992 Checking $5,992 $5,992 Savings $1,001 physical cash $76 Cash $76 $76 HYSA $24,150 HSA $16,796 Roth IRA $275,303 Trad. IRA $95 Brokerage $115,957 Credit card -$1,234 $438,136 $438,136

Original caption

A little background info: -I do not own a home. I’ve always rented and had a roommate for 3 years after college. -No student loans. I got a full ride scholarship to undergrad and then side hustled to pay for grad school. -No car loan. Every car I’ve owned has been bought from Craigslist or Facebook Marketplace for cash. -I worked a corporate tech job for 5 years after college while growing my side hustles (reselling & social media), and then quit to do reselling and social media full-time. -If you’re wondering how my Roth IRA balance is so high, I opened it when I was 21 and have since rolled over a Roth 401K into it which doesn’t count against the contribution limits. -In college I had a financial planning internship and being able to look at real people’s numbers was so eye-opening. Within a week of starting the internship, I opened my first retirement account. -Living in a low-cost area (Iowa) has greatly helped my savings rate. -I’ve never made six figures (although I was quite close last year), but I have worked to keep my expenses low and invest as much as I can. -There are many small things I could do to optimize further (rolling over that traditional IRA), but I’ve focused on getting the big things “right.” #networthupdate #financialtransparency #PersonalFinance #firemovement #networth