How To Calculate Your Net Worth

[@successpeoples4462]

The triangle of success for an Entrepreneur is not only composed of his Net Worth, but also his Self Worth, and Net Works

[@bradicalhabibkhoda4138]

If you own a house worth $1.5M, and you owe $1.4M on it, you’re not worth $1.5M.

[@കട്ടപ്പ-ഖ2ന]

you are then worth 0.1 M

[@Gregarious3]

If you have a paid for house, worth $1.6m but you paid $100k, only $600k is currently untaxable revenue if a married couple. $900k taxed will keep many from moving back to a similar neighborhood. It locks people into homes that are not right for them.

[@SH-ly1uy]

Same thing when people set revenue and net income to be equal when claiming how much money they make

[@acamporota]

in fact the video says that you need to remove the liability from the asset value... and the loan is a liability

[@roosefeitosa2536]

I don't know who needs to hear this but you gat to stop saving all your money, invest some if you want financial freedom ❤️.

[@georgeflowers734]

The market is inarguably becoming one of the most successful trading platforms and professional traders have a big say to this, majority of us don't even know what platform to buy shares from and even lack knowledge on how to trade successfully

[@kingzen-v5z]

i will keep telling every curious ones to always devise a very reliable strategies while trading

[@roosefeitosa2536]

@@kingzen-v5z Any one aiming for a better success level starts with a very good capital and knowing when to trade, either way or still getting help from a professional market analyst

[@roosefeitosa2536]

@@georgeflowers734 that correct

[@amandamills7078]

@@kingzen-v5z Even with the right technique or strategies , some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally I had to reach out to a tutor for guidance which is how I was able to make profit of 450k in 6months from my capital

[@CaseyBurnsInvesting]

Making decisions in terms of net with makes decisions a lot clearer and more effective.

[@stuarthirsch]

Financial planning should be primarily based on net worth. Too many people don't realize that fact.

[@Rambo-hz4yk]

WHAT DECISIONS WHAT INVESTMENTS? YOU ONLY CRIP & SELL DOPE IN YHE HOOD CUZZ

[@Bosshog-WealthHealthBetterment]

I've started reviewing my wealth monthly, find it a useful exercise that either makes me feel good or gives me motivation to start being serious / stop wasting money :)

[@technicalamanullah7019]

Very simple : total assets - total liabilities

[@Dwilsalege6741]

Plz kindly go watch this video on Awareness of mental illness. Thank you. m.kzbin.info/www/bejne/j4vGiWdnas97gKM

[@ryanortiz2648]

I was just going to say that. I can make it even simpler for the regular people, What you own - what you owe = Net worth.

[@hat_awesome21]

@@ryanortiz2648 does luxury cars and hatches , expensive watches , house also include in assets ?

[@Je.rone_]

This video is great !!!! You should calculate your net worth even if you are not making money or not often

[@TitusBogba]

Alux I need to make the money first 🤣🙌🏾 and then we can start calculating it 😎💰💰.

[@akash_since__2000]

Exactly

[@1CT1]

Accept Jesus Christ as your Lord and Savior and you will be saved. John 3:16 (share the good news of the gospel around the world!) Have a wonderful day/night, may the LORD bless you all, and farewell!

[@TitusBogba]

@@1CT1 very true 🙏🏽🙏🏽

[@TitusBogba]

@@akash_since__2000 yess

[@oleggeraschenko4932]

Don’t worry - follow Alux. I’ve been following Alux since when I was broke. It really helped

[@8billionidiotsonaplanet65]

I calculate my networth by your method and it's - $70

[@user-qe2jp2du4v]

love your username

[@Dwilsalege6741]

Please kindly go watch this video on Awareness of mental illness. Thank u. m.kzbin.info/www/bejne/j4vGiWdnas97gKM

[@Jenniferspace]

😂😂😂

[@randomidiotvids3858]

25 turning 26 having a net worth of 200k sounds pretty ok. 3 years active duty army and investment. Save everything while in the military then invest it into stocks

[@alltheworldsastage4785]

Sounds really good, you have more money than some rappers, I'll see you when I get there.

[@randomguy-hc7pv]

What do you do?

[@kurts3779]

Chump change

[@robertbiondo9381]

Loan me 20

[@watvid1]

Yeah but since you joined the army your moral net worth is minus a billion

[@unboxmuseumm]

You will never truly know your net worth until you sell of 100% of all your assets. You can only guess and estimate at best.

[@mamaurax25]

I wanted to laugh so I gave this calculation a try. That shit funnier than Chris Rock

[@Jenniferspace]

😅😅🤛🏾

[@Jenniferspace]

@@Dwilsalege6741 thanks we will

[@craigcarter400]

3:11 Almost to a T for me. Balance of mortgage is 289k on a value of 405K. CC balance is the same. 4 cars that are all paid off worth about 40K total (One for every driver in the household)

[@andyhwell8419]

CAN SOMEONE PLEASE HELP ME WITH THIS. Iv been asking this question for a long time and never get a str8 answer. So I joined the military in 2004 and will retire in 2024. I fall under the old school retirement system where as soon as I retire in 2024 at age 39,, ill immediately begin to collect about $3k/month for the rest of my life. If I die my wife will still collect that until she dies. If I do the math, the longer I live the more I collect. If I live to be 78 (average American male) that would be $1.4million collected. Not to mention all the medical benefits. How do you calculate something like that into a net worth???? Thanks!

[@DebtFreeEssentials]

A way to do it is to multiply the monthly by 12 ($3000 x 12 = $36k/yr) to get an annual amount then multiply that annual amount by 25 ($36k x 25 = $900k) to get an equivalent lump sum. This rough estimate reverses the F.I.R.E. (Financially Independence Retire Early) calculation which assumes your investments earn ~6-8% annually and you withdraw ~3-4% annually for 30 years. The difference between 8% and 4% accounts for inflation, bad markets, and other factors. Hope this helps 🤓

[@Manuel-gu9ls]

3 things you need to keep to yourself: Your love life Your income Your goals Enjoy, especially you fake alux

[@ankits8785]

You are rockfeller ghost

[@TGREAT1]

So true bro!

[@Manuel-gu9ls]

@@ankits8785 no I’m more of a Rothschild

[@skylongskylong1982]

I would put health into the equation. I meet people daily that are wealthy, but due to their health, cannot enjoy it. Unless you have been very ill, and then fully recovered, this is over your head !

[@robertstanislaus]

@@skylongskylong1982 nope

[@craigcarter400]

4:33 Most of my CC debt is from recently buying gold ranging from 1/10 to 1/4 ounces and silver all ranging from Canadian dimes to 1 ounce.

[@andyofori2523]

Subtracting liabilities from assets my net worth is negative 😭😭😭

[@SutogoIchigo]

Don't feel bad. The same is true for the average person. So don't be average.

[@ckknews2085]

Lol get rekt

[@DavidEVogel]

Good job.

[@iankanecarter369]

Infinite energy (scalar potential interferometry)

[@shahidchokshi1328]

Hey why you are not adding caption to your videos

[@MiamiMichelleable]

Another important video we need to pay close attention to.

[@ahmedsheriff5011]

Really?

[@Drizzi_Dre]

This is very informative. I wish I could give you guys 10 thumbs up!

[@tiagomaqz]

You guys are simply awesome! Thank you for the tips!

[@aaronx.uzcateguib.8130]

Should I include regular payments when it comes to my liabilities? (I'm talking about rent, transportation, groceries, utilities, and so on..)

[@rahulr9539]

I think you should

[@DavidEVogel]

No. Net worth is a point in time.

[@rahulr9539]

@@DavidEVogel Oh ok 👍

[@octaviorodriguez1621]

Yes! As Harv Eker said we have to focus our attention on creating a net worth through not only income but also saving, investing and simplification!

[@transitengineer]

This is excellent. Always tell others your net worth is the best way to measure your finances. Now in my 50’s with a paid for car, paid for home, many thousands of dollars in my retirement account mine is now about $900,000 (with $600,000 liquid and $300,000 as my share of home owned jointly).

[@davis.freeman3602]

Thanks for comment, you can consult my support team for assistance and further detailed information < *W•H•A•T•S•A•P•P•* > (+1

[@darkcyborgsuperman9521]

I'm glad I did accounting in senior school.

[@Monipenny1000]

Every year I calculate our approximate net worth. Approximate, because I don't add up the value of furniture, personal items, vehicles, equiptment, etc.,. I've been doing this for years. That motivates me to reach higher.

[@newtitan8888]

Great presentation as always.

[@kasilion6523]

Hello mam your every video helps alot thanks mam and how to sell property with less tax ??? Please can u talk about this

[@chuksstanpee7475]

First to comment and if you reading this, you are a future billionaire, stay winning.

[@iankanecarter369]

Antigravity (searl effect generator, Marconi vortex dynamo, electrogravitics and Thomas brown).

[@melvinmungai1062]

Alux, a Blessing. Thank you.

[@kingech_B15]

Thank you for this one very educational.

[@Travis_su]

6:37 paying off what you owe and making early payments is NOT the right way to increase your net worth. In fact, borrowing money and leverage is the only right way to build net worth. If I can spend $200k to buy a property at $1m, and that property goes up to $1.2m in 1 year that’s a 100% return on investment. If I had used $1m of my own cash, that’s a 20% return. As long as the cost of the money you borrow (interest %) is less than the return on your investment, you should be borrowing as much as you can.

[@LeoLeEducation]

30 years of age and my net worth is 500k. I run my own business. My goal is to double my networth by end of 30 years of age

[@iankanecarter369]

Hologram universe..solved it (scalar field theory and string theory) backed by physicists

[@Dwilsalege6741]

Please kindly go watch this video on Awareness of mental illness. Thank u. m.kzbin.info/www/bejne/j4vGiWdnas97gKM

[@sameerhinduja7357]

Sometimes I wonder if all this knowledge is available free of cost online , will it even be valuable 10 years later

[@deflockreptilegang181]

Thanks for making me rich Alux

[@Dwilsalege6741]

Please kindly go watch this video on Awareness of mental illness. Thank u. m.kzbin.info/www/bejne/j4vGiWdnas97gKM

[@OlasunkanmiAdeniyi455]

Developing money making skills is more important for me now. I will calculate my net worth after I have made too much money

[@Jenniferspace]

Thank you I have calculated en am good😊

[@ahmedsheriff5011]

And then?

[@markrosolini2934]

Great video as always but do people need to have this explained to them?

[@silverhawk923]

They are running out of ideas

[@agb3762]

Yes, people need this to be explained to them. Some people don't understand how net worth works. In fact, a lot of people don't understand many things about wealth or how it's built, they're usually more concerned & thrilled with/by the spending of wealth than its building or retainment.

[@DavidEVogel]

Many public school graduates find subtraction baffling.

[@williamaleman5460]

How can you find a mentor in this way i know "what's up" but i still need professional help like the lady talking.

[@TheBruces56]

One thing not mentioned here is the value of a pension. My pension of $72k per year with 3% colas would cost about $1.7m if purchased as an annuity.

[@DavidEVogel]

Can you cash out the pension?

[@TheBruces56]

@@DavidEVogel No, but it obviously has value so a comparison with an annuity is valid.

[@SprintTri58]

I’m in the same boat. I think it’s funny how knee jerk reactions people have with no pension. Ironically, 60% surveyed believe pension should be included. Just because you have a 401k and can draw from it, you need to pull money out the same as a pension or you won’t have a future. I also have a 401K, retired this year at age 56 and have a net worth of 1.3 million and zero debt. If you apply the 4% rule to my pension, that is like adding an additional 1.6 million

[@Coco-gv7lc]

Me- How can I make money to calculate networth

[@kurts3779]

If you want to see your networth just look at your balance sheet. If you wanna see the whole picture, look at your balance sheet, statement of cashflows and income and expense aka profit and loss statement. Networth is a snapshot of your current position and can be meaningless depending on who you talk to. Your networth can be your network and as often in the game of wealth creation, it is not about how much money you have but how much money you have access to(your network). In one of Trump's books he makes reference to a homeless man on the street being 9 billion dollars richer than he was as he was 9 billion in debt after filing an assignment aka bankruptcy, but with his persuation, influence, determination and his network, which led him to access to credit which catapult him to a networth that many so called snapshot paper millionaire's could only dream of. My mentor, a very wealthy business man of over 1500 employess across the globe, once told me not be to overly fixated on networth. Networth is the lungs, cashflow is the air, and you need both, but work on hard on those relationships. Your network.

[@TheBigMave]

Alux is always a vibe

[@allansvensson2283]

Wouldn't this be considered gross worth, as taxes on profit is not included?

[@DavidEVogel]

Nope.

[@Mo-vo4vo]

Networth has nothing to do with taxes and profits, unless the taxes are owed. Look at it this way, you earn money, and you spend money. The leftover is your net income, assuming you paid your taxes. Now you can save that net income. It is that savings that will be used to calculate your networth. It is cash that you own. If you have filed your tax return but haven't paid it as yet, then that is money you owe, and may go on the liabilities side of the networth.

[@Timasta02]

Love you 💘 It's first comment 💘

[@humblegorilla935]

Please make a video about PlayStation 5, and all best selling gaming consoles. Types of gamers: Smartphone games, PC games and console gamer. Please alux

[@UrbanstepOfficial]

If you own a business that gives you 5000$ income monthly and that's all you have, how much net worth is that?

[@Monipenny1000]

The net worth is the value of the business and money saved. $5,000 income monthly is just income.

[@thelight2379]

Very informative thanks!

[@Alchemist2328]

No Income, No Net worth, No problems, No tensions.

[@PhuocNguyen-js6hy]

Great video

[@sumithraj7954]

I don’t need to calculate my own net worth, as my financial analyst is going to do it for me…I don’t want to waste my time watching this video..

[@Mo-vo4vo]

Don't use financial analyst as a crutch. It is good to allocate your time to the best roi, but you need to understand some things yourself. Besides it's a simple calculation and you're the one who will be providing the FA with info anyways, so you might as well calculate it.

[@alltheworldsastage4785]

Gotta make bank first, but thanks for the headsup. 🙌🏾

[@killap3nguin]

It shouldn’t take a 9 minute video to explain assets minus liabilities

[@Ezzynah]

Last I checked, I'm sitting on £3.2m including my own house (no mortgage). Only problem I've got is I can't think of what to spend it on coz I've already got everything I need really, lol.

[@becausev8251]

Thanks!!! ❤

[@selvar9323]

Currency 🙏

[@thecashman1020]

I have 95k cadh and a van i paid 15 k no debt at all im 32 married with a daughter am i poor??

[@missxsx]

Haha for sure. Only a fool keeps 95k in cash

[@ahmedsheriff5011]

Really? Invest in my GOLD AND DIAMONDS MINING COMPANY

[@thecashman1020]

@@ahmedsheriff5011 interesting

[@thecashman1020]

@@missxsx liquid is what i meant

[@clarotchinenies4374]

A guest on The Wall Street Journal Report spoke sometime last week about making over $631,000 in 4months with a capital of $100,000, which made me realize that as a beginner i have alot to learn, so please assist me with any pointers or tips that would help me make this much profit.

[@jayaseelan3107]

Please give captions

[@Dwilsalege6741]

Please kindly go watch this video on Awareness of mental illness. Thank u.. m.kzbin.info/www/bejne/j4vGiWdnas97gKM

[@unboxmuseumm]

My Net worth Road bike £100 Computer £100 TV £50 Bank Balance £300 Furniture £200 Clothes £100 Printer £50 My Net worth £900 😂😂😂😂😂

[@unboxmuseumm]

@Prince Talleyrand yes

[@darkcyborgsuperman9521]

The road bike could be a tax-write off due to depreciation.It could still be an asset if you earn money from using it.

[@unboxmuseumm]

@Prince Talleyrand I have an ecommerce store which at the moment is eating most of my money on FB ads.

[@charlest2858]

I calculated mine and I'm worth $500

[@amateruss]

Now continue raising it, one step at a time.

[@shaurya_chhetri]

Why no welcome 🙄

[@gaminggod720]

I need the money to start counting it

[@stuarthirsch]

There is actually such a thing as too much net worth. If you have too much net worth is too much and your old with no heirs you will find yourself with as the richest person in the cemetery. Spend and establish a legacy by giving away enough of your assets that you can enjoy your life and help others. 0 net worth is ideal when failing health and the grim reaper takes your greatest assets.

[@kaushikmehra1089]

Alux u'r the best channel# in the u tube @ universe

[@colinchandler6516]

thanks great video

[@Dwilsalege6741]

Please kindly go watch this video on Awareness of mental illness. Thank u.. m.kzbin.info/www/bejne/j4vGiWdnas97gKM

[@josephdillon5203]

Home is not an asset, the 2nd example is wrong

[@alfredantony5716]

No bonus?

[@Ggma8989]

Pathetic that people are still in debt these days

[@ElJorro]

Good Advice.

[@manavbhardwaj1537]

Best KZbin channel i have ever seen

[@abgirma4958]

alux can you guys do 15 tings about ETHIOPIA

[@donttouchmysilver8202]

2.2 million at age 36 I’m doing avg for Southern California

[@akash_since__2000]

But one day my networth will be googled

[@gerardnizeyimana8924]

I may be b/n $15k-$25k @40years old. What a net-wealth?

[@JoshuaNaabu_MD]

Love to be here on time. @alux

[@SydneyDrums]

Wait .. example B. If you have a home loan at approx 3% interest with $100k paid.. & a $10k maxed credit card running approx 20% interest, & you don’t borrow against your home to pay the credit card so that you’re only paying 3% on that credit card amount, you should just quit, give up, get outta the way.

[@alisardo1119]

I'd worry more about my assets than liabilities; multiplying assets and controlling liabilities ,keeping them at a manageable level,that's greedy enough; i mean if I were rich 😎

[@michaelmassy8449]

Madam money always work and love not purchasing property and love not purchasing car and love not purchasing food but money purchasing love

[@iankanecarter369]

I solved all of this...you can't afford me.

[@iankanecarter369]

The truth history of the world also.. Book of enoch, book of genesis, book of jubilees, enuma elish. ALL THE SAME. Book of enoch is also in the Ethiopian Bible and satanic Bible .

[@faizandhami]

We support alux too

[@michaeljp7899]

I tried calculating but it shows ZERO all the time.

[@muhlemfikebhekiwethemba7293]

So you’re telling me it’s $900?

[@hrushikeshkuklare8186]

Urfinance App - Your investment and networth tracker coming soon

[@Dwilsalege6741]

Please kindly go watch this video on Awareness of mental illness. Thank u.. m.kzbin.info/www/bejne/j4vGiWdnas97gKM

[@investingsouthflorida1131]

Count all your gold silver and real estate Done

[@captainamerica3441]

Calculating through your method and just rounding off some $, I found that I and Jeff Bezos have ~ $ 205 B

[@xeneth911]

#3, the first thing .... .... This feels wrong.

[@iankanecarter369]

UVG grid and the earth power plant using pyramids already everywhere.

[@ameyawfoster9821]

At least do this calculation every month

[@user-me2gs5hh2t]

❤

[@AJD-Home]

There are several mistakes made in the video.

[@randomguy-hc7pv]

After doing alot of research and calculations my net worth is....$0

[@manimoychakraborty4344]

I want to have the net worth of 999999999999999999999999999999999999999999999999999 billion usd dollar 💵

[@wallstreetruler3067]

East and west as well 😉

[@DewTime]

My net worth is $600K

[@pirogaming4367]

1 st view 😍