💰Net worth is the total value of your assets minus your liabilities.
🔢Average net worth for Americans at age 30 is only $8,000.
💸Your net worth should ideally be positive and growing by age 30.
🏠Assets can include real estate, investments, savings, and valuable possessions.
🧾Liabilities can include debt, such as student loans, credit cards, and mortgages.
What is net worth?
—Net worth is the total value of your assets minus your liabilities.
Why is net worth important at age 30?
—Net worth at age 30 reflects your financial progress and can indicate if you are on track for future financial goals.
What are some examples of assets?
—Assets can include real estate, investments, savings, and valuable possessions.
What are some examples of liabilities?
—Liabilities can include debt, such as student loans, credit cards, and mortgages.
How can I improve my net worth?
—To improve your net worth, focus on reducing debt, increasing savings, and making wise investment decisions.
00:00By age 30, your net worth should ideally be positive and reflecting your financial progress.
02:33The average net worth for Americans at age 30 is only $8,000, which is below expectations.
04:00Net worth is calculated by subtracting your liabilities from your assets, including real estate, investments, savings, and valuable possessions.
06:41Liabilities can include debt, such as student loans, credit cards, and mortgages.
08:41To improve your net worth, focus on reducing debt, increasing savings, and making wise investment decisions.
