My Net Worth at 48 | How much I have saved, invested & total debt

[@nouveauriche1779]

You’re absolutely killing it! To be a millionaire at 48 puts you in such a good spot for retirement.

[@7SideWays]

Congratulations! A soon to be multi-millionaire next door. You're inspiring!

[@DrShonTV]

Very inspiring

[@DrShonTV]

I’m watching this at 38 so it will help me plan my finances better! Thank you Queen 🎉

[@MalluStyleMultiMedia]

Are you also a 1986 Fire Tiger ?

[@IamPrettyInPink]

Girl!!! I’m stuck on the 48. You are looking good! 😊 thank you for sharing and inspiring us along the way.

[@FunandBudget]

Awww...thank you

[@TheLeadAttorney]

Amazing! Congratulations, Tinesha!! :)

[@Richard-Reloaded]

THE LEED

[@fmguillory]

A couple working together getting results. Kudos!

[@cheyenne_spring]

You are doing really well!!! congrats. It's nice to see folks doing good rather than all of the bad.

[@Trungfupanda]

The most important number is that Debt at $0.00 GREAT JOB YOU ARE KILLING IT also you don't look a day over 32 this is amazing

[@FunandBudget]

Thank you!

[@CBoat3]

This just made me feel worse but motivated at the same time. One day I will be debt free and increase my net worth 100 fold.

[@FunandBudget]

Please don't feel bad...we are all out here learning and growing together.

[@realmac3k]

Congrats! I’m aiming for my first $1M by 50. Your videos inspire me to keep going.

[@fortyacres]

cash or tax-deferred?

[@realmac3k]

@@fortyacres tax deferred but will probably need more. Working to save for real estate too since I’ve been in a 1br apt for 10 years.

[@sandrawithoutborders5631]

Congratulations, you’re definitely killing it. I’m also on my financial journey which hasn’t been smooth at all. But I have learnt to be grateful for the wins no matter how small. You’re definitely an inspiration.

[@jamesleonard4713]

First video I've caught. Love watching what others are doing, and thanks for being brave enough to share. I was right at where you are, when I sold my house and downsized to a smaller place. Paid cash for the new place and added a substantial sum to my investment portfolio and then funneled what I was paying on the mortgage into my investments. Super charging my savings, enabled me to retire early at 55 last December. It looks like you are in great shape, especially if you plan on eventually leaving the DC area, which is kind of pricy. Keep up the good work and the great videos.

[@CindyAlexius]

Great job mama for the progress! Major props for the bravery to share actual numbers. I could never.....

[@reann8937]

Congratulations! This inspires me to be more strategic with my finances.

[@DrShonTV]

Me too.

[@Go-Getter]

Congrats to you. I'm 37. I started the year at around 300k. Should end the year around 700k. Very likely that I'll cross the millionaire mark by summer 2025. Good to see others who are on the journey as well.

[@nikhilsahay895]

Did you put all 300k on Red on blackjack table?

[@mamancooper942]

Period!!!! Congratulations!!!

[@Go-Getter]

@@mamancooper942 thank you

[@MameyanDonzo]

How are you saving so Much in a year? 400k in < 2 years

[@Go-Getter]

@@MameyanDonzo I'm not saving, I'm leveraging. January I bought 3 properties from an estate for around 60k. Sold them in 6 weeks for $180k. I purchased 3 other distressed properties that are currently being renovated. I'll sell all three of those by January 2025. Also, one of my rental property's value increased by $80k. I have a fair amount of debt as well, so that's also being taken into consideration.

[@mr_digdeeper]

Very motivational! This is a reminder for me to be smart with my money and to keep on grinding!

[@jandabest5261]

Congratulations! Your savings and investments are definitely catching up to your house value…it’ll be before you know it with the power of compounding! 🤗

[@FrTX2MD]

Nice work! Keep up the good job! You'll be multi soon.

[@DewTime]

Good video, thanks for sharing the breakdown. My wife and I are at a similar level, $2.1MM. We spend about $150K a year, so using a safe withdrawal rate of 3.5%, we need $4.2MM to reach FIRE. We save about $200K a year.

[@FunandBudget]

Does spending $150k a year include mortgage or rent?

[@DewTime]

@@FunandBudget yeah it includes $5K monthly mortgage

[@FunandBudget]

@@DewTime good stuff especially being that more than likely by the time you retire your shelter expenses could be much lower

[@BLACKGEMINIFILMZ]

Make sure y’all support and follow and share this for her because she is making it happen

[@FunandBudget]

Thank you

[@bf6812]

Mommy Trader, suggested your channel and I’m thankful to be a subscriber to you both. Looking to see more great contents from you both.

[@jimbo573]

Great and inspiring update. Girl got that paper!!

[@dorettee7102]

I am impressed! This is awesome!

[@memyselfandiamangel2006]

So good to see you smiling! ❤

[@JasonBay-RealEstateInvesting]

Crushing it, well done. Keep it up

[@MTN99999]

Wow🎉👋🏾🙏🏾👏🏾👍🏽 your video just popped out of nowhere as i was looking for something else but I am glad i saw your video! Congratulations sister to you and your family keep up the great work ✨️ 👍🏽 I love to see our people WIN and inspire others God Bless 🙌🏼 🙏🏾 🎉

[@FunandBudget]

Thank you for clicking and giving this video a chance :-)

[@MTN99999]

@@FunandBudget Always I love to see our people win 🏆 ❤️

[@MariselaCronin]

I am not sure what attracts me to your videos but I really enjoy them--peace.

[@infinitymfg5397]

This is great! You should be very proud of yourself.

[@TimHamner]

You gone have that house paid off in no time!! Inspiring! Love to see a black woman get paid!

[@sadiejake15]

Congrats!! And thanks for sharing so transparently!

[@michaelohare6555]

Congratulations on achieving your goals. You are doing great!

[@lightbrightconnect]

Dope! Congratulations! Yes, I do track it and we’re a little bit behind you.

[@mattlaeff724]

She not a Dope! She Rich -

[@MisterUrbanWorld]

Keep it up Tinesha! Almost time for us to go Christmas Shoppping

[@FunandBudget]

Thank you :-) and nope...no Christmas shopping here, I gave it up.

[@MisterUrbanWorld]

@@FunandBudget You don't spend a single penny? If not, I hope you at least watch Christmas movies, listen to Christmas music, drink eggnog, and eat good food, Lol

[@FunandBudget]

@@MisterUrbanWorld In years past I've spent too much money on gifts - this year I'm concentrating on my home payoff so won't be spending nearly what I've spent in the past.

[@S.A.1]

Congratulations!Can’t wait for you to reach 5 million mark at 55 or earlier! Believe me it will be so easy after you reach 2M and a good investment strategy!

[@FunandBudget]

Thank you

[@dialac1]

Congrats. These are the types of videos that should be promoted in the black community. Not videos of people spending all their income on cars and luxury items

[@jdubya9650]

This is fabulous, Tinesha! 👏🏾

[@journey2debtfreedom936]

Congratulations Tinesha, thank you for the inspiration. I finally hit 1 mill last month 🎉🎉🎉

[@FunandBudget]

Congratulations!!! Did you celebrate?

[@DrShonTV]

Congratulations ❤

[@journey2debtfreedom936]

@@FunandBudgetno I sat there in disbelief lol couldn’t believe it. All I remember is the struggle being a single mum I don’t even know how it happened but I thank God. Now I’m think of all the other possibilities for me.

[@journey2debtfreedom936]

@@DrShonTVthank you 😊

[@Jellyclaws221]

Hey Ms. Davis, this was very motivating. Im a 25 y/o man living in the DMV hoping to buy in the area. Prices make it feel impossible but i WILL make it happen. Glad to see youre there.

[@MsMockingbird06]

Hello from Montgomery County, MD 👋🏾 You’re doing great!

[@trevorbrad]

Amazing!! I love your focus ❤ me and my wife are on the same journey!

[@MAJORCHANGEGROUP]

Congrats Tinesha 👏🏾 Jay get to park in the garage 🎉

[@ryan3716]

Sis is killing it 👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾

[@sheldon94666]

Multi millionaire still driving 500 car people need to learn from this. Win!!

[@RRetreat]

Correction, a Tesla. The car just sat for months.

[@Retired_Life_1]

Congratulations on your progress!

[@YoutubeBrand]

Thank you for making this video. Please keep going!

[@srikanthsiva1975]

Well done! I always tell people between 40-50 is when you need to focus on making and growing your money. Then 50 onwards its on auto drive where it keeps growing by itself with minor tweaks.

[@QueenASMR2019]

Nice update! Very inspirational!

[@30AndAWakeUp]

Killing it! Congrats!

[@rayesbudget]

Congratulations and so inspiring. Before you even said it, I was thinking you are almost twice a millionaire. How about that!!! I love to see this. Thanks for sharing! 😊

[@dwalker6868]

Moving on up I’m still celebrating the million with you. Laugh out loud yay.

[@LifewithTee76]

Congratulations 🎉🎉🎉🎉🎉This is what I’m talking about. So amazing!

[@cheerdad]

Congrats! Way to go.

[@latoyaunderwood8239]

Sooo awesome! Congratulations!!

[@dquan731]

Wow. So open with your finances. I prefer the motto of no one knows I’m rich. I can’t imagine scammers, relatives, friends, etc coming to me looking for help.

[@FunandBudget]

I can't imagine that either because it doesn't happen

[@alexandriabrown1388]

@@FunandBudgetI bet you know how to say “no”; with practice it’s not that difficult.😂

[@FunandBudget]

@@alexandriabrown1388 Exactly.

[@DewTime]

Graham Stefan posts about his finances and he’s worth a lot more.

[@bill7481]

Congratulations! Keep it going!

[@shoneek]

Tracking my net worth as well. I just hit 3.1 Million (age 43)! We doin' thangs!

[@FunandBudget]

Absolutely doing thangs!!!

[@elianah8803]

Amazing!!!! 🎉🎉 this is great 🙌🏼🙌🏼🔥🔥

[@kbtravelingaround]

Good job! Keep on saving.

[@untouchable360x]

Wish everyone has your attitude instead of hoping that the election will solve their problems.

[@javiersolis9561]

Congrats, the only thing that i hear alot of people say ia that cars are not assets unless its a collectors.. but you're doing great. Keep going, no doubt you will achieve your goal.

[@InvestingWithAdamK]

I don’t know that I’d count equity in my primary residence. While it feels warm and fuzzy to look at I picture the home I live in as a liability even if I own it outright. It’s not money working for me and has costs no matter what.

[@FunandBudget]

That's one way of looking at it. The other way is whether you own it or not, you have to pay for a roof over your head. As for me, my house pays for itself (I house hack) and it is definitely factored into my retirement plan....I make more money with this house than I did with my rental property.

[@tiahendivinearomas]

You go gurl!!!!! Make that money and don't let it make you!!!LOL

[@JTCoinRings]

Awesome! This was a great breakdown..

[@TB-fk4qm]

Praise God!!! Congratulations!!!! We are rooting for you!!! Thank you for your guidelines. Many of us will be joining you at the top. Hopefully we can have lunch and speak with the "same successful" language 🙏❤️🥰💃

[@dstewusa7054]

Well done! Keep going !

[@brandincompany]

Congrats on your increase!! I just discovered your channel. Great to see someone that looks like me 😊

[@DrShonTV]

Facts ❤

[@quickpstuts412]

You are Blessed!! Became a millionaire at 34 thx to a side biz. I’m your age too. We gonna enjoy our retirement!! ❤❤❤

[@BlakeWheelersBurnerAccount]

Good for you. Love seeing it

[@glenfordburrell1076]

Sitting on the edge of a bed in a poorly lit dingy bedroom with no visible items of value. Dream on!

[@FunandBudget]

LoL...yup, exactly.

[@tomkin25]

Congratulations!!!!!!!!😘😘😘😘

[@chrisphilips2768]

Wow. You are loaded. Congrats 🎉

[@danteday6097]

Big Baller Shot Caller!!! 🙂 Congratulations!!! 🎉

[@thebonnicks]

Yaasss!! Congratulations!!

[@dreamsofcazal5744]

Yea queen run it up 🙏🏾

[@naturalbodyman3194]

Way to go girl....!!!!!!!!!!

[@sharonwoodley4594]

Love EVERYTHING about this!!!🤎🤎🤎🤎

[@FunandBudget]

Thank you 💜

[@keith_da_chief]

I track my network. I showed it to my wife and she was shocked. I was like it's because we're responsible and you married a banker 😂

[@FunandBudget]

😂😂😂

[@BadaLogic]

Congrats. 5 mil soon

[@livelaughlove6283]

Great job girl 👏🏾👏🏾👏🏾

[@MalluStyleMultiMedia]

Cool Congrats 🎊🍾🎉🎈

[@anthonydooley3616]

Keeping track of your net worth is very important. It's our scorecard. We should always be buying assets that go up in value, not down. Also buy assets that make you money, like a business. Reducing debt also increases our net worth. Increase assets and reduce liabilities. Start or buy a business and write off business expenses. Zillow is not accurate, but it is a way to measure.

[@FunandBudget]

Zillow is not accurate...case and point, i sold a house for WAY more than zillow comps had listed.

[@blackdontcrack6663]

Congratulations 👏

[@FA9082]

She is NOT the typical black woman. The typical black woman has NEGATIVE net worth lol

[@darrenheard9943]

Congratulations!

[@joshuafreeman8086]

This is super inspiring 🎉

[@LaToyaPlansLife]

Congratulations, that's awesome 🎉🎉

[@philipmehl9355]

Congrats 👍

[@kevingrant4491]

Step 1 increase your income Step 2 control your spending Step3 buy assets ( stocks , bonds, real estate, mutual funds, businesses) systematically throughout your life. Step 4 inflation will raise the value of all your assets......that will make you rich. Step 5 ALWAYS SPEND HALF OF THE MONEY YOUR MONEY MAKES ...NEVER THE PRINCIPLE.

[@user-lb8mb2rm7g]

Congratulations! This is inspiring! what do you invest on if stock in what?

[@FunandBudget]

Thank you! I have another video I made on how my investments increased $30K - I show what I invest in :-)

[@Anonyme67]

👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾 hit the mill status at 39. Now 41 I am 1.2 and debt free. Resuming investing in 2025/2026

[@EricDaMAJ]

That looks really good. Bear in mind the economy is still in a fragile place. The stock market, ever the carnival fun house mirror of the economy, will go up after the election (no matter who wins). But will likely crash terribly not long after. I don't say that to be a downer. Just be prepared to see it and not panic. It probably won't recover as fast as after the covid crash but it will recover. I lost half my investments in 2008 but got it all back plus some by 2015.

[@FunandBudget]

I was affected by 2008 as well

[@PenniesNotPerfection]

Congrats, you're doing such an amazing job! I love these videos. I want to do my own but also don't, lol

[@FunandBudget]

LoL. I'd say do it - even if you don't share it with the public, its actually fun to look back and see your progress. I wish I would have done it when I first started my channel but at the time felt like I didn't have any net worth so what was the point.

[@RelocatetoOmaha]

Great video Tanisha

[@Spawny500]

Would refrain from discussing your own situation on youtube, or any other social media website. I know you are happy, proud & you want to spread that, but it is way too risky. Keep your situation to yourself and good luck to you in the future. Humility and privacy have their own value.

[@FunandBudget]

What's risky? Someone robbing my 401K - good luck because I don't even know how to get the money out

[@AY-dw4om]

one more thing, the house you are living in isn't to be considered "working capital" as it provides you with living services and not an income. I would rather consider counting only assets that give you income and appreciate over time, thus only investments are to be counted. as you cannot sell parts of your house later in life as a monthly income, while you can sell some stocks from your portfolio when you are on pension and create a steady monthly income out of it. the only "income" a house provide you is equal to the savings it spare you for not renting a house. that is all. it is much smarter to put the month in the stock market for an average return of 10% a year, and paying rent for a house which is more like 2 - 2.5 percent a year. let your money work optimally, it is not working optimally being attached to your walls.

[@FunandBudget]

If your opinion works for you great...as for me and mine..my house is an asset, an almost paid for asset and it does provide an income (even tho, lets be clear, that is not the definition of an asset).

[@AY-dw4om]

@@FunandBudget try to understand, I am here to give knowledge you choose how to treat it. your house where you live, is appreciating and rent saving, deduct maintenance and all expenses and taxes, you maybe do 4% a year net after all is considered. that are 2.5% rent savings, 3% appreciation of the house, total 5.5%, now deduct taxes maintenance and the like you are left with 4% - thats it. small money. on the other hand if you invest that money in SP500 it will return 10%. see ? 10% compared to 4%. so the best practice is like that: sell the house, invest all of it in SP500, get your 10% return rate, then spend around 2 to 2.5% per year on renting the same house. all the taxes and maintenance will fall on the property owner which is not you. the delta of 7.5% is yours clean . 10% return minus 2.5% for rent. its very simple and clear math. which is my profession by the way. me like you age 49, but with a higher net worth. in fact. I do not own my home, I do it as explained. be advise that the capital with 10% return rate double its value every 7 years (calculate it to see your self.) if your continue to save as well in parallel, the doubling happens quicker , for me its about every 4-5 years. I merely try to teach you how to optimize. I can also show you (if needed), how not to pay taxes on your capital gains, once you retire. there is a technic how to do it. so all the 10% return is yours with out the government touching any of it.

[@nazeercurry5248]

Congratulations 🎉🎉🎉🎉

[@grayanderson9800]

Huge congrats!! Only thing that is tough is how you got a house for a pack of beans and a bag of rice. Those of us trying now need to give way more to try and catch up. Not that we won’t. Just takes even more discipline.

[@FunandBudget]

My mortgage started off $4100 a month. Time and discipline is how I paid it down so fast.

[@grayanderson9800]

@@FunandBudget okay okay… huge congrats! 🔥🔥🔥

[@FunandBudget]

I househack...so I always say use whatever tools are available to you to get ahead. Its a sacrifice but now its one that I love.

[@sheakersey8223]

Great job!!

[@PanosaoVento]

Amazing!!!👏🏻👏🏻👏🏻👏🏻congrats

[@sinuzb3115]

Good job!

[@carolmaz8675]

It’s easy to get out of debt with good salaries . Minimum wages do not get pple out of debt or savings . It’s really simple to save and invest once you have a good salary it’s not rocket science

[@FunandBudget]

It's actually not easy...from my experience, the more money some people make, they will finance an even more expensive lifestyle. I work with a lot of high income earners who have the high amounts of debt to go with it.