NET WORTH CHANGE || 2024 Q2 UPDATE

This is our net worth update for quarter two of 2024. I show our current net worth as well as the change over the whole year of 2024. I think it's important (and fun) to track your net worth progress over time. I hope you enjoy the video. Thank you so much for watching!

Online net worth calculator:

Disclaimer:
I am NOT a financial advisor. This is not financial advice. I am just sharing my own financial journey. Please contact an expert if you need help with your own financial situation.

#networth #networthupdate #finances #financialgoals #finance #debtfreecommunity #debtpayoff #investing

[mattburgess]

It doesn’t make any sense to not count the value of the house at all but to count the mortgage against you. My opinion is to track you real net worth and figure out retirement planning independently to your net worth evaluation.

[annaeverett]

Hi! I’ve seen other people exclude their house from their net worth to share their “liquid net worth, ” but those people also exclude their mortgage from their liabilities! Either include both or exclude both! So in your case, I would say your true net worth is $525k and your liquid net worth is $262k (excluding house/mortgage). Great video! :)

[mommytradertube]

Congrats on being half millionaires! I track both net worth numbers and our portfolio numbers, which tracks liquidity (no primary home or cars). 😊

[micheller]

I would count the house as an asset using a realistic value of the house. I agree that if you don't use the house in the asset, you need to delete the mortgage from the liability side. If you don't have the house, you won't have the mortgage either.

[TrappedQue]

I am such a dork…I update my net worth on the last day of every month. It is so awesome to see it increasing year after year.

[Estidec]

Thank you for sharing this! It makes sense to me to include both the house value and mortgage liability to show equity (or how upside down). Yes, I’d have to sell to get that cash but for me, it’s still a helpful number. Thanks!

[BudgetStuffSaveRepeat]

Morning Katie!!
I understand viewing it both ways… it’s knowing what’s liquid versus what would take work to make liquid! Sexually important to know both sides of the equation!! I appreciate these videos from you!!

[SaraBudgetOrganized...ish...]

This is a great update! It's always so encouraging to see the progress over time! I would say as long as you're counting the same way each time it's good!

Yay to half millionaires! 🎉

[arh]

The Money Guys do the same as you with home value - count it, at the purchase price. Thank you for sharing this update!

ETA: ah, I see you address this. You have to count the house if you count the mortgage - otherwise makes no sense.

[deeplansandbudgets]

Ooo, very interesting. I love how you did it in the different ways. For me, I count my house as an asset, but, I know I will need to sell it in the future to get the investment from it. I bought it with that in mind. As I age, I do not want to own a home. Great video and you are making amazing progress.

[brycegardner]

I wouldn't get wrapped up too much about how to count your house. Just pick something and go with it. The main thing is how net worth is changing. For me the house is part of our wealth building strategy for a variety of reasons, so it is in the net worth (using zillow numbers now, pre-zillow, we used appraisals from frequent refinancing). For me, it is to include it. You just have to know that all of your net worth isn't available for retirement spending, but that isn't really a problem.

[christineoreilly]

Love this kind of video!! It shows your growth and places you need to work on.

[Jelly-in-Wonderland]

Way to stay amazing and consistent. You keep me motivated to save and attack my debt. Thank you!!❤

[BethelBudgets]

I love watching these videos. I've always been scared to make one and show my own numbers, but after your encouragement maybe I will. Thank you for being brave enough to share!

[BrittanyFlammer]

Awesome video. You're doing great!

[dair]

correcting my last comment. meant to say absolutely LOVE your

[catgodfrey]

Ugh hubby & I need to do this. Thank you for sharing 😊❤😊

[faithbydesignXO]

Hello Katie! Interesting! Thanks for sharing!! Great net worth update!! 💜🌻🌷I didn’t know about the purchase price as a way to calculate net worth. When I did mine, I added an estimate of my home repairs as a liability to try to have a more realistic picture but I know there are so many factors that involve the sell of a home. So I may try it this way. 💜🌻🌷

[curvyechronicles]

I always enjoy seeing this and I always learn something new each time! I appreciate you sharing it so much! ❤❤

[budgetwithlina]

Hi Katie! I like how you show all 3 net worth numbers! Yay for being half millionaires 🎉🎉🎉❤❤❤