june NET WORTH UPDATE

@morgan.on.money

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Why it worked

The video provides a transparent and detailed breakdown of the creator's net worth, which is a topic of high interest for personal finance enthusiasts. The use of clear on-screen text and a conversational tone makes complex financial information accessible and engaging.

Summary

The creator provides a monthly net worth update, detailing their assets including cash, 401k, Roth IRA, taxable brokerage, HSA, crypto, real estate, and car value. They also list their liabilities, primarily mortgage balances, and their credit card balance.

Structure

1Introduction and net worth calculation explanation
2Cash assets update
3401k and Roth IRA update
4Taxable brokerage and defined contribution plan update
5HSA and crypto assets update
6Real estate and car value update
7Liabilities update (mortgages and credit card)
8Total net worth calculation

Product placement

The video shows the creator's financial accounts, including cash, 401k, Roth IRA, taxable brokerage, HSA, crypto (Coinbase and Robinhood), real estate, and a car. It also displays mortgage balances and a credit card balance.

Original caption

june net worth update. Free personal finance resources linked in my bio (literally everything is free).

More from @morgan.on.money

On-screen text

june NET WORTH UPDATE 37 ✨ high-earning ✨ Houston current a year prioritizes investing Houston we your all and of liabilities i'm worth month possible earning start future as the accounts CASH: $45,204 Cash $45,204.33 this of and savings might small not everyone's that's my investment accounts to last maxing last always match and 7% total 401K: $604,691 401(k) ESP 40% $453,168.44 23 hours ago 401(k) PSP 40% $151,523.35 23 hours ago embarrassed not IRA was working this was ROTH IRA: $40,149 Roth IRA $40,192.45 12 hours ago taxable brokerage have TAXABLE BROKERAGE: $140,211 Taxable Brokerage $20,237.11 23 hours ago Taxable Brokerage $119,973.82 12 hours ago so employer contribution a DEFINED CONTRIB: $104,797 Defined contribution plan Pension $104,797.33 3 hours ago at HSA: $20,380 HSA Health Savings Account (HSA) $20,380.08 3 hours ago do portfolio speculative crypto have CRYPTO: $17,406 Coinbase Cryptocurrency $10,484.17 Just now Robinhood Cryptocurrency $7,022.42 3 hours ago REAL ESTATE: $909,100 Real Estate $404,100.00 1 month change Other Assets $505,000.00 1 month change I'm value car at CASH VALUE CAR: $21,000 $21,000 any mortgages balance MORTGAGE BALANCE: $646,509 Loans $646,508.94 1 month change Primary Mortgage $365,201.74 3 hours ago Investment Property Mortgage $281,507.20 9 hours ago my month to $1,252,588 Net Worth $1,252,587.63 1 month change

Transcript

Here's my current net worth as a high-earning 37-year-old who prioritizes investing, saving, and investing. Living in Houston, Texas. Before we get into it, you calculate your net worth by adding up all of your assets and subtracting all of your liabilities. If you're new here, hi, I'm Morgan, and I do a net worth update every single month to show you what's possible when you start earning more money and start taking your financial future seriously. As always, starting with the cash accounts. I currently have $45,204 in cash. This is a combination of short-term savings goals and my emergency fund that I keep in a high-yield savings account. This amount might feel too small for some, not enough for others, and everyone's different, and that's okay. Now let's move to my investment accounts. I have been contributing to a 401k for the last 15 years, maxing it out for the last 8 years, and I have always had an employer match between 5 and 7%. The total balance this month in my 401k is $604,691. I'm embarrassed to admit that I did not take my Roth IRA very seriously when I was younger, so I am working on building up this balance. It was $40,149. In my taxable brokerages, I have $140,211. So I'm lucky and I have an employer-funded contribution plan, which has a balance of $104,797. At my HSA is $20,380. Do you have a small percentage of my portfolio in speculative investments in crypto, and I have $17,406 split between Ethereum and Bitcoin. The total value of my two real estate properties is at $909,100. And I know this is controversial, but I'm including the value of my car, and it's estimated at $21,000. Liabilities, I don't have any debt besides my mortgages, on which I have a balance of $646,509. This is my current credit card balance that I pay off every single month in full. This comes out to a total net worth of $1,252,588.