How Does Your Net Worth Stack Up?

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How Does Your Net Worth Stack Up?
Do you know your net worth? How to calculate it? If it’s above or below average? In today’s video I head to the streets to see if I can get regular, unsuspecting people to reveal their net worth. Then we’ll talk about how to determine YOUR net worth and what you can do to increase it.
Links:
Make Your Brain Your Friend Today With BetterHelp: www.betterhelp...
Ramsey Net Worth Calculator: www.ramseysolu...
George Kamel is a personal finance expert and co-host of The Ramsey Show. Following Ramsey’s proven money plan, George went from negative net worth to a millionaire in under 10 years. His goal is to help people spend less, save more, and avoid money traps so they can live a life with more margin, options and freedom.
This channel will simplify complex money topics, bust money myths with actual facts, and debunk the stupid financial advice you're seeing in your social media feed. All with a healthy dose of pop culture, humor, and snark.

[@alexsteven.m6414]

Every week I buy more of whatever is the lowest percentage of my portfolio and try to keep everything around 10%. Please what could be my safest buys with $400k to outperform the market in 2024?

[@mariahudson9939]

I'd avoid the index funds, mutual funds, or specific stocks for the time being. The 5% fixed incomes are the safest bet for now. Save your cash for when the market actually shows sign of recovery.

[@Tanner-c2m]

It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to over $750k.

[@MarcyLoccy]

Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.

[@Tanner-c2m]

Rebecca Nassar Dunne has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.

[@belobelonce35]

Thank you for the recommendation. I'll send her an email and I hope I'm able to connect with her.

[@madisonraber6051]

27 years old with a net worth of 350k! No debt but the House, which will be paid off next summer! I really appreciate everything yall do over at Ramsey, I found you guys at 18 years old and it really set me and my wife up to change our family tree!

[@billyfredericks7958]

you guys are killing it! awesome job.

[@ericb1317]

she said, "its very easy to spend money in college" but what she does not know yet is that "its very easy to spend money always" LOL

[@carlaritchie331]

Exactly my first thought!

[@kerryfitting6070]

You are not lying!😢

[@HatedJared]

I think I lived cheaper in college than I do now. I just ate ramen and cereal. Now I have a wife who wants "Real" food.

[@mulletsquirrel]

Yeah it gets easier to spend money as time goes on.

[@BigJohnM]

We buy ramen by the case at our house.

[@CAGChannel1]

Your editor deserves a net worth of a million!

[@JeffreyQProductions]

George! I'm 35 and have a net worth of 400k! No student debt, no car debt, no credit card debt. Got a Roth IRA and 403b and taxable brokerage. Looking to crack 1 million by 2028! Keep up the good work on your channel.

[@damonsteinke599]

George, you should do a video where you ask the person five questions then guess their net worth based off their answers.

[@freeestyleobsessed]

I’d watch 👍👍

[@MeshRoun]

Most people don't know their net worth though ..

[@parkeranderson1172]

George picked the perfect spot in Nashville to grab all the Belmont and Vandy kids on their way out of the coffee spots 😂 “My parents handle it and I just swipe the card out of my LV bag”

[@BasicBeachCommunity1]

Haha. 🤣🤣

[@hellosaysandrew]

Get you parents like that, I guess. Must be nice!

[@interactivellama]

Yes! And it doesn't feel like he might be picking on working class folks.

[@firstlast8258]

Trashville

[@abrareads]

I would love to see follow ups with people he talks to. I hope he gave Skylar financial peace since she was so excited to learn

[@werebreakingfree236]

shout out to the guy @2:10 in the background pushing 2 kegs down the street. keep hustling

[@DailyElectrician]

This video made me feel really proud of where I'm at in life financially. Bought a house at 29 with 150k cash down, and now I'm hoping to have it paid off next year at the age of 33. 450k+ net worth at 32 currently. No investments, just save all my cash from being an Electrician.

[@GeorgeKamel]

Way to go!

[@DailyElectrician]

Thanks for the reply, did not expect it!@@GeorgeKamel

[@Painfulwhale360]

Great job, dude! I’m 30 and I’m sitting at about $117,000 in net worth. Hoping to greatly increase this number in my 30’s.

[@ayakaaaaaa]

Anyone notice the height difference of George and purple shirt guy 😂

[@jeremyflatter6105]

Or the lady wearing black and him. I think he was taller than only one person he interviewed

[@Subat0micR0gu3]

I thought he was sitting, then... Lol

[@cherokeevolfusa2891]

26 and scoring a D+. My goal is to be totally debt free by 30 unless my earnings pick up and then I will say by 28. I feel like I would be in a much better place if I got serious when I was 20, but hindsight is 20/20. Glad I found this channel.

[@mhedden033]

Don't dwell on what you didn't know when you were 20. You know what to do now and are putting in the work. Be proud of what you are doing and excited for the decades of success you will enjoy.

[@arbordoctor]

Always aim high. I was in your same position at your age. Life is much different now.

[@dking1362]

Although I wouldn't expect college students to have a high net worth (and, with loans, even understand them having a negative net worth), what is concerning is that they have NO IDEA. Some clearly didn't know what the term "net worth" means, others have no concept of what their net worth is...parents, we need to have these financial conversations with OUR kids.

[@benulrich2185]

In January 2020, had negative 200K network, almost 4 years later now have about 700k net worth; thanks to hard work and inspiration from always listening to Ramsey videos, was able to pay off my vet school loans, a car, credit cards and have a lot of equity in our home bought a couple years ago.

[@HoodedStalker]

That's awesome, I'm 29 and have a 250k net worth. I invest a lot in retirement accounts so there is $140k there. No debt other than a mortgage that I owe $103k on, bought the house in 2017 for $130k it's likely worth between between $170-200k. Zestimate says $200k. I'm a welder and with overtime I make about $80-90k a year

[@EmilyWer2]

4:09 my guy slays that short king energy

[@scott1127]

Great video. I'm totally out of the target age group at 47 years old but seeing those college kids with no financial sense was shocking to me. I have a 10 year old that I go over budgeting with almost every day and she has had her own bank account since 5. I honestly think she could have answered those questions better.

[@thedude5040]

This generation is among the worst educated generation in the last 100 years.

[@westbccoast]

If I saw George, I would go hey George ... I am sure none of these guys know about Ramsey and George yet, this is awesome. If they only knew who they were speaking to. This is cool

[@TrevForPresident]

They'll discover these folks when those loans come due 😉

[@burntrubber7458]

Currently paying over $40,000 in debt besides my mortgage. $25,000 is foundation repair. Much more needed to fix this house I bought. Not the best decision but I do like where I live.

[@monicazeigler7710]

I have learned a lot from your channel. I would appreciate a video about pensions (how they work, pension vs 401k, etc). Thanks!

[@MomoHitsujiOwO]

Awesome video! I love hearing real people’s experience! Congrats on 100k!! 🎉

[@anthonyjames4319]

I used to think George was annoying but he’s won me over.

[@stocksxbondage]

Personally think he performs better when he’s away from Ramsey

[@DEPUTYGETSOME]

He’s still annoying. He’s just annoying and right 🤷🏻‍♂️

[@westbccoast]

He is awesome

[@westbccoast]

@@stocksxbondage Yeah but that's the same for all of them, they all excel on their own including Rachel.

[@mrlolmaster1019]

george is literally 🤓

[@user-ly3ik9oj5k]

I identify as a millionaire

[@PatricksFinanzen]

Same as with genders, I‘d say it’s BS… 😂

[@PatricksFinanzen]

Same as with genders, I‘d say it’s BS… 😂

[@stephensullivan1011]

You should explain at the end why to invest now. The value of time in compound interest. It's worth it to add a little bit of time for people to understand why that's so crucial. Thanks for you heart and energy man!

[@amyk6028]

Man! I got a an A. Never thought that. I do feel a lot better about our financial future!! Thanks for a great video 👍🏼

[@gregvanommeren5660]

About to turn 28 and net worth just hit $300K, mostly in Roth retirement accounts. Primary methods to do this have been living below my means (forced scarcity and avoiding lifestyle creep), making the investing process easy and automated, and having an above average salary. Financial mutants unite!

[@tomj528]

I'm way too old for the grading scale but thinking back to 30, I was an "A+". To those of you younger guys and gals, get started and keep going. For several years you won't think you're getting very far and then all of a sudden you're like "holy crap" and it just takes off...very fun!

[@arbordoctor]

Most true statement

[@llchew7784]

Congrats George! 100k subscribers 🎉

[@NurseRowee]

Believe it! Follow the plan. You will win with money. Follow the amazing George. 🤑 I used to have negative net worth. I knew I want to have more money but I didn't know exactly how much. Dave and his team gave us direction. Now we are on track! We aim to have a million like George😜 💰💸

[@Matt_in_TEXAS]

George Kamel with a K!!! You hit 100K subs!!! Love your stuff, keep it up!!! That was a tall bearded guy that you were interviewing... also, Congrats on the Dad Card- I'm a dad to a daughter for 13+ years now- best thing ever!

[@perfectlymprfct]

Congratulations! Over $100K subscribers.❤

[@MarkRizzoTheDragonWizard]

George you're just unbelievable. I just can't miss watching your show one time. Thanks for the great info and the great fun. I hope I get the chance to meet you one day

[@meganvangundy7388]

Hi, George! I'm 38 and my KFSS score is a B! I'm doing better than I thought.

[@beau4526]

George is the man...keep up the good work.

[@countrycleo5268]

I am 58, my husband is 65 and still working. I work from home but don't make enough to live on. Our current net worth is around $500k. Our only debt is a car payment which will be paid off by at least February 2024. I use a zero based budget. I started in January of this year. Each month I get better at it. How much do we need to save each month to finish our journey to net worth millionaire? I have not seen a video on older people and how they get there. Thanks for all your helpful tips.

[@WilliamKliskey]

Congrats on hitting 100k George!!! 🎉

[@TheLeftwich18]

Currently my Financial Report Card is at a B. I am right around $70K net worth and am 34 yrs old. Striving for that $1million net worth in the nearest future

[@todd2456]

Congratulations on the 100K subs, George!!!

[@bjornandersson6250]

This channel is so underrated! Keep up the good work! :D

[@timegamerpro5649]

First comment George! Love your content! Keep making awesome videos! I’m right on plan with you!

[@freeestyleobsessed]

40 $4.5M NW Have great parents who taught me good habits for my entire life I’m very thankful and fortunate Great video 🎉

[@NextGenEvs]

A+. Alright! My first ever A

[@baoduong5942]

Im 30 and A score with 351k net worth not counting foreign investment. Working toward paying off my car loan and then tackle the rest of the mortgage, thank you for motivating young folks like us and spread kindness

[@tcgtpl]

Every ‘talking man on the street’ video I’ve ever seen makes me realize there are a lot of people who would need to be reminded to breathe if it was a conscious action.

[@bisonfan715]

Well, they just cut together the clips of the interesting responses. Not a reliable sample to extrapolate on

[@voidfroze]

I don’t think ignorance should be attributed to stupidity. If you were never taught what a net worth is, how would you know? Shame on these people’s parents and teachers.

[@BasicBeachCommunity1]

You remind me of Humphrey Yang. Lots of research on his channel as well. He has a good blend of content for young people.

[@lowermichigan4437]

I have calculated my net worth. Well, ours. I would never tell someone I don't know. Also, it does tend to fluctuate

[@arbordoctor]

Just turned 42 and net worth at $1.55 million and growing quick. At 30 my net worth was under $20k. Work and make good decisions and wealth growths fast so never underestimate how quickly you can become free from debt.

[@tehSlushie]

Congrats on 100k George! Love the channel, keep it up!

[@heathervenkat1414]

Congrats on 100k subscribers!!!

[@mikezerker6925]

I found the DR KZbin channel in 2016 (wish it was earlier!) when my total NW was -$400k (credit cards, cars, student loans, mortgage)… now I’m +$1.2 million! Baby steps+Rice and beans+Gazelle intensity!!

[@BillStaats-d2k]

GK best thing about this video is seeing you have a very big brother😂. Also petting dog second prize😂. Keep doing what you do brother!!!

[@gregselby7029]

This is so concerning that people don’t know.

[@naomiking2442]

At 26, a C (I was introduced to Dave at that age)...at 46, A++...It takes time!

[@JohnDough-wp9vx]

Good to know my networth is positive. As a young adult in mid 20s im like top 15% of my age bracket

[@garrettancel]

20 year old with a net worth of ~35K. I have been working since 13 years old and just bought my first house a few months ago. Only have 5k left in auto debt and then im debt free apart from my mortgage. I am also going to school 100% free. I think i am on the way to maybe even being a seven figure net worth by the time I hit 30

[@TzarNicco]

Gratz on 100k George

[@rtox99]

Congrats on 100k subscribers

[@ShownTheWay]

Bro, how tall was the guy in the purple? 😂

[@dirtdevil70]

5'10 lol

[@penguingobrrbrr353]

4:08 OH MY GOSH. HE TALL.

[@GeorgeKamel]

My arm has not recovered

[@BlakeC341]

Crazy how many don't know how to calculate net worth let alone know a general ballpark range of where their net worth is. 🤦‍♂️

[@heatherfitzgerald7260]

George, that shirt looks amazing on you. Is the color Karamel? Or is it Kamel? Regardless, it pairs well with that denim jacket.😉😘

[@kdengelify]

Love George! But this video really put into perspective how cute and little he is

[@GeorgeKamel]

Fun sized!

[@asavannah7439]

I've never noticed before. How tall are you, George?

[@voidfroze]

I’ve never seen that dog petting clip before 😂😂😂

[@erinbower2081]

Congrats on 100k!

[@ryanplemoine]

31 and networth almost at $250k, I haven't stayed away from debt but I utilize it in a responsible manner

[@ryanplemoine]

I'm also single and haven't doubled my income yet via marriage

[@TheFirstRealChewy]

People: I have no idea what my net worth is. Heck, I don't even know how to calculate it. However, I think I'm in a good place.

[@thegabbybshow]

Ayee just turned 31 and calculated 102,000 net worth!! Woohoo! I don't know why when I calculated previously, I was counting the loan against the house without first factoring it as an asset... Thanks for that clarification

[@dking1362]

You can only include its full worth as an asset if you have it paid off, of course. Otherwise, just a portion of it is an asset...it's worth (how much it would sell for) less what you still owe.

[@14Ramjet]

While a lot of what you talk about is very basic information for me, I still enjoy watching your content for the jokes

[@Gracie10122]

I'm an amateur with a portfolio of 70k but it's hard for me to build confidence. I want to invest another 70k over a one month span, but I want to be strategic about doing it so I can grow more and not stay stagnant. Any stock suggestions?

[@BillingCantwel]

Not offering any particular advice, but I can assure you that it's not as hard as many people think it is. Ordinary investors lack the requisite level of diligence, so having a financial advisor on board is usually highly beneficial. In the market, this is how people generate enormous profits.

[@StephanieQuake]

I agree. There's a lot of potential in the market. My friend introduced me to a financial advisor in 2023, and even though I was skeptical, I went on. I finally was making enough monthly dividend to quit my soulless job and pursue my dream to start a restaurant in New Jersey and still earn five figures in monthly dividends.

[@Gracie10122]

That's really great. I've tried doing some research myself to hire a financial advisor, but it's really overwhelming. Could you recommend who you work with, please?

[@StephanieQuake]

Search him by His name "Chrissy Barymoer"

[@StephanieQuake]

On f.a.c.e.b.o.o.k

[@kristiyourweddingdresser6716]

why the giant mic? next person oh, George interviews giants sometimes

[@gnospanker]

There's no link to the net. Now what am I supposed to do with this $15 I have laying around George? Pay off my house early?

[@joshuatree28]

I thought George was sitting down when he talked to the guy in the purple shirt.

[@rippleforeskinxrp358]

Always good content! But this is how to get rich. The top 1-3% do something else to get wealthy. Rich and wealthy are for sure different

[@pslaathaug]

dude you need to do more of these.

[@klopad57]

Congrats on 100k!😀

[@BrianSchoedel]

If you track net worth (assets - liabilities = net worth) then you can create goals ($_,___,___) and consistent actions (save/invest $_,___/mo) to achieve millionaire status by the age of (___). Good video to create awareness. 😀💰

[@cooperanderson4432]

23 year old electrical apprentice with a B! Hoping to start a KZbin channel soon and build a business!

[@cherilynclements3188]

Congrats on 100K, George! 🎉

[@andrewdiamond2697]

With student debt, I had a negative net worth at 30...So I'd generously round that to a C- on this scale (about -$10k, roughly altogether - I owned a house with a small down payment, but equity was outweighed by student loans and credit card debt). Today, just over 25 years later, I'm at $1.9 million, roughly. I should get to well over $3 million at retirement. Don't get discouraged at age 30. I had just finished my MBA degree at age 28 and had spent only 6 of the prior 12 years in the workforce due to college and graduate school. For people with advanced degrees, 28 is roughly the starting line. For most other folks, that starting line is roughly 22.

[@Takar100]

These were all college kids (seemed like), but something tells me if you asked some 30-40 year olds, you'd probably get similar answers. Or you'd get those "I don't think XYZ goes into your net worth because you can't liquidate it quickly enough." I calculate my net worth at the end of every month. But, probably only need to do it quarterly.

[@punkbassandcovers]

Gotta love the KFSS. Next time you need a freak out clip may I suggest a cut to Macho Man Randy Savage. He does the best 'freak out, freak out.'

[@freeestyleobsessed]

Is the dude with the purple shirt 8 foot tall?

[@RideRedRacer]

i have never seen the subscribe button light up 4:49

[@davidrose9955]

Thank you George

[@HeathenwoodOfficial]

5:16 near fatal collision

[@colinpatricklindsay]

These type of dreamers make me scared for their future, blindly thinking your net worth will be 1 million without anything backing it or any plan, is bonkersssss… I’m 27, 260k net worth (cash, bitcoin, stocks, bonds). Girlfriend and I make $250k a year combined with full benefits and both of us have an indexed pension. I still feel behind, and both of us don’t splurge on many things (guitars maybe). I hope everyone can get things turned around if they are facing hard times. We count ourselves very lucky. The world is in a tough spot right now, best wishes to everyone!

[@dking1362]

You may be lucky, but it seems you are also informed, disciplined, and wise financially. Good for you! You've accomplished a great deal by 27!

[@colinpatricklindsay]

@@dking1362 I appreciate the kind words, cheers!

[@0717iggy]

I got an A at 25 years old!

[@grega2362]

None of those people are old enough to get the "I will subscribe" FYI, thanks a bunch for the mind worm.

[@brendenagrela2466]

33, single, $350k net worth so... can I get an A+ George??? :)

[@harrisoncooper9180]

Thats a $1.75 net tops!

[@debbieweibley3899]

I have a KFSS B. Yeah.

[@mikepeterson764]

Hey I got a B. Better than high school.

[@Mamamischa]

When you interview the giant in the purple shirt🤣🤣 not even in the same frame

[@BryceCorbitt]

Hey where's the link to to the Butterfly Net?

[@FrugalFamilyFocus]

Just passed $400k this year! Hoping to hit that half mil Jan 2025.

[@tiffanynicole116]

$347,000 at 27!! 😊

[@dking1362]

You go, girl! That's fantastic!

[@joycewright5386]

How in the world can someone have no idea how much money they have or how much debt???. This is unbelievable. I knew my net worth when I was 14yr. old.

[@budgillett]

Verily, dear Joyce, the lack of awareness concerning one's financial state doth indeed perplex the thoughtful mind. The Holy Scriptures remind us of the importance of wise stewardship. In the Book of Proverbs, it is stated, "A faithful man shall abound with blessings: but he that maketh haste to be rich shall not be innocent" (Proverbs 28:20, KJV). Similarly, in The Book of Mormon: Another Testament of Jesus Christ, Alma counsels his son Helaman, saying, "See that ye take care of these sacred things, yea, see that ye look to God and live" (Alma 37:47). Through the Church of Jesus Christ of Latter-Day Saints, the importance of wise financial management as part of the fullness of the Gospel of Jesus Christ is emphasized. The Church teaches the principles of self-reliance and preparedness, guiding us to avoid debt when possible and to live within our means. As thou dost express astonishment at the lack of financial understanding in others, let us bear in mind the words of Christ, who counseled us to first remove the beam from our own eye before attempting to remove the mote from another's (Matthew 7:5). In other words, let us humbly acknowledge that all are at varying stages of understanding and ability in all aspects of life, including financial stewardship. If thou dost find fault in others, consider it an opportunity to kindly offer wisdom, that they too may "come unto Christ, and be perfected in him" (Moroni 10:32), including in their understanding and stewardship of worldly goods. For it is only through the Church of Jesus Christ of Latter-Day Saints that the fullness of the gospel, including the principles of wise financial stewardship, is found.

[@marist89]

that dude in purple was TALLLLLLL

[@jidebalogun5302]

Most people would go from an A to an F once they sign a large enough mortgage.

[@Summitauto]

519,000 at age 41? 170k in roth 401k. How's that Kamel?

[@jhonwaltergarces7338]

This guy is so funny!!