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, offering a transparent look at the creator's net worth. The clear breakdown of assets and the relatable goal setting, combined with the creator's engaging personality, likely resonated with viewers interested in financial progress.

Summary

The creator shares their net worth update at age 29, detailing their assets across checking, savings, high-yield savings, health savings, Roth IRA, brokerage accounts, and a small amount of cash. They also mention a minor credit card debt, bringing their total net worth to $440,730, and reflect on their goal of reaching $500,000 by age 30.

Structure

1Introduction and current net worth
2Breakdown of liquid assets (checking, savings, cash)
3Emergency fund and health savings account
4Retirement accounts (Roth IRA, Traditional IRA)
5Taxable brokerage account
6Debt (credit cards)
7Total net worth calculation and comparison to goal

On-screen text

My net worth at age 29 Checking $4,812 Savings $1,001 Cash $270 HYSA $22,650 HSA $17,762 Roth IRA $276,545 Trad. IRA $97 Brokerage $117,796 Credit cards -$202 $440,730

Original caption

I always get a bunch of unsolicited feedback when I post these videos. Some of it I take, some of it I leave 😌 If you are at square one and want to take one easy step to improve your financial situation, I recommend a high yield savings account for an emergency fund. I have a list linked in my bio, and you can open one from your phone 👍🏼 #networth #networthupdate #financialtransparency #firemovement #moneytok

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Transcript

My net worth at age 29 hey nosy bitches here's my net worth update as a 29 year old starting with my checking account Checking $4,812 $4,812 I have a savings account that goes with that Savings $1,001 $1,001 physical cash $270 physical cash $270 and then my emergency fund in a high yield savings account $22,650 savings account $22,650 $22,650 moving on to my retirement accounts my health savings account HSA $17,762 has $17,762 $17,762 my Roth IRA has Roth IRA $276,545 $276,545 $276,545 this has been open since I was 21 I've rolled over my 401k into that account multiple times and that doesn't count against the contributions hence why it is so high I have a traditional IRA that didn't fully get rolled over Trad. IRA $97 $97 and every month I say I'm gonna roll that over and I never do I should go figure that out today I have a taxable brokerage account that has Brokerage $117,796 $117,796 $117,796 and then my only debt is I owe a little bit of money on my credit cards I pay these off in full every month Credit cards -$202 I owe $202 this brings my net worth at the age of 29 to at the age of 29 to $440,730 $440,730 $440,730 we are up $2,500 we are up $2,500 which is only 0.59% which is only 0.59% which is only 0.59% but hey I will take any sort of forward progress if you remember I set a crazy goal at the beginning of the year can I hit $500k net worth by 30 I have six months left and I am $60,000 away stay tuned