I love the honesty. Most TH-camrs are completely out of touch saying "I only put 1k/day into my brokerage!" and I'm thinking "this dude thinks that's little? How out of touch can you honestly be to say " only a little"
Haha so true! I've been so fortunate to be able to contribute as much as I have but it is hard right now and I know it is hard for many other people as well.
@@kronsonfamily absolutely! I feel the same way. I would definitely say I'm blessed also because I could be in a much worse position. It's easy to want to be in a better position but we can forget that we're in a better position than many other people.
Awesome video! I appreciate your honesty and transparency. I hope all continues to go well for you and your family. I do track my family's net worth as well.
I have definitely done the same-- sometimes you have to shuffle or pause savings to make things work financially. Some years I could save more for retirement than others. Best of luck to you as you tackle your debt!
Hi 👋 Thank you so much for sharing your very interesting history not just about finances but also your education & low pay jobs. I think u are both very wise to pause savings to focus on debt repayments. Most people don't know that at any time a creditor can "call in the loan" & demand payment in full or face recovery costs - even if u have never defaulted! I don't carry any debts but I also don't own a home. I often feel "poor" so I count up all my sinking funds and realise that whilst I don't have spending money & I have very little leisure money; all my future bills are covered! That definitely reassures me that I'm not poor. Like u, I do $0 based budgeting. 💜
Hi, thank you for sharing. ive never heard of it being controversial to have a home on your asset list for net worth...cars, sure because its a depreciating asset but a house?!
Also, a house is not really an "investable" asset. People who discuss financial assets (such as advisors - who can gain off of assets under management) care about this categorization because it more closely aligns with amount that can be exploited for gain.
I love the honesty. Most TH-camrs are completely out of touch saying "I only put 1k/day into my brokerage!" and I'm thinking "this dude thinks that's little? How out of touch can you honestly be to say " only a little"
Haha so true! I've been so fortunate to be able to contribute as much as I have but it is hard right now and I know it is hard for many other people as well.
@@kronsonfamily absolutely! I feel the same way. I would definitely say I'm blessed also because I could be in a much worse position. It's easy to want to be in a better position but we can forget that we're in a better position than many other people.
Awesome video! I appreciate your honesty and transparency. I hope all continues to go well for you and your family. I do track my family's net worth as well.
Thank you so much! I hope your net worth continues to grow.
I have definitely done the same-- sometimes you have to shuffle or pause savings to make things work financially. Some years I could save more for retirement than others. Best of luck to you as you tackle your debt!
Thank you so much!
Hi 👋 Thank you so much for sharing your very interesting history not just about finances but also your education & low pay jobs.
I think u are both very wise to pause savings to focus on debt repayments.
Most people don't know that at any time a creditor can "call in the loan" & demand payment in full or face recovery costs - even if u have never defaulted!
I don't carry any debts but I also don't own a home. I often feel "poor" so I count up all my sinking funds and realise that whilst I don't have spending money & I have very little leisure money; all my future bills are covered! That definitely reassures me that I'm not poor.
Like u, I do $0 based budgeting. 💜
Thank you! I think you are richer than most to be able to have expenses covered in advance and not relying on credit cards.
Hi, thank you for sharing. ive never heard of it being controversial to have a home on your asset list for net worth...cars, sure because its a depreciating asset but a house?!
I think because you need a place to live? Also it is not really liquid. It takes some time to sell a house and they don't always go up in value.
Also, a house is not really an "investable" asset. People who discuss financial assets (such as advisors - who can gain off of assets under management) care about this categorization because it more closely aligns with amount that can be exploited for gain.