Net Worth By Age (2025 Edition)
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 3 January 2025
⏱️ 42 minutes
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Transcript
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| 0:00.0 | Networth page 2025 edition. |
| 0:03.0 | Caching. |
| 0:04.0 | Brian, I am so excited because this is literally one of our favorite shows that we get to do every single year because we love how powerful knowing your net worth and tracking |
| 0:24.5 | it through time, how powerful that can be to your overall wealth building journey. |
| 0:29.4 | If you want to get a good holistic sense of where your financial life is going, this |
| 0:36.5 | is what you need to be doing. This is the tool that will |
| 0:39.5 | change your direction, that will give you the personal accountability and let you build |
| 0:45.1 | your great big, beautiful tomorrow. |
| 0:47.3 | And so you may be wondering, okay, where do I stack up? How do I look relative to my peers? |
| 0:51.1 | And we're going to walk you through that today. But before we do that, |
| 0:55.8 | you know what you ought to do. You ought to subscribe right now to the channel so that we know |
| 0:59.8 | you are out there. And as we put out new content, you can make sure you stay aware of it so that |
| 1:06.0 | you can do money better. Well, with that, let's kind of jump right in. But why don't you walk |
| 1:11.5 | them through? What exactly is a net worth? Yeah, net worth quite simply is what you own, all of the |
| 1:17.5 | things that you own, minus what you owe all of the debts that you have. Well, when you take the |
| 1:22.4 | difference of those, what you own minus what you owe, you end up with your net worth. It basically tells you what are |
| 1:29.1 | you worth when you factor in everything in your financial life. And a lot of times people ask |
| 1:35.0 | us, Brian, they're like, okay, well, I understand it conceptually, but what do you mean? Like, when you |
| 1:38.9 | say, what do I own, what are you walking me through? Yeah, let's talk about the actual specific |
| 1:43.2 | what do you own? |
| 1:44.4 | These are your assets when we're talking about checking accounts. |
| 1:47.7 | This is your money market, your cash reserves, all those type of things, your bonds, CDs, |
... |
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