My Net Worth 2024 | Real Numbers

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#financialfreedom #debtfreejourney #networth
This is our family's net worth as of March. We had to make the decision to cut back our retirement savings.
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**This video is not financial advice. I am not a financial advisor and am just sharing my own experience.

Опубликовано:

21 апр 2024

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Комментарии : 15

@alvingordon3560 3 месяца назад

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.

@kronsonfamily 3 месяца назад

Thank you so much! I hope your net worth continues to grow.

@Winston0Boogie 3 месяца назад

I love the honesty. Most RU-vidrs 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"

@kronsonfamily 3 месяца назад

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.

@Winston0Boogie 3 месяца назад

@@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.

@myaccount9498 3 месяца назад

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. 💜

@kronsonfamily 3 месяца назад

Thank you! I think you are richer than most to be able to have expenses covered in advance and not relying on credit cards.

@FinancialDreamswithChristine 3 месяца назад

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!

@kronsonfamily 3 месяца назад

Thank you so much!

@user-qd8iv6bj9k 3 месяца назад

Great video! ❤ We do count our house in our net worth. It just makes me feel a little better to know there is a light at the end of the financial tunnel. I haven't been contributing to my 401k for the past 2 years because we are paying down debt via the Dave Ramsey system and he advises not to do a 401K if you have too much debt. However, I really feel like I need to do something because we do have a company match that i am missing out on so this year when I got my raise, I took half of that percentage and put it into my 401k so i could at least get some company match out of it.

@kronsonfamily 3 месяца назад

I definitely think taking the company match is a good idea. It's free money plus it usually decreases your taxable income since most contributions are pre-tax. You almost save in taxes what you contribute.

@user-qd8iv6bj9k 3 месяца назад

@@kronsonfamily I totally agree ! I regret stopping the contributions 2 years ago, big mistake !

@mrssummersbudgets 3 месяца назад

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?!

@kronsonfamily 3 месяца назад

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.

@jacejunk 3 месяца назад

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.