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How’s it going everybody this is beat the bush today i’m gonna do a big reveal of a lot of financial information including my net worth my age and everything this video is brought to you by weeble get one free share of stock value that up to sixteen hundred dollars when you open up an account and deposit a hundred dollars check out my referral link down in the
Video description below now what’s my age 40. yeah i just turned 40 this month and i guess the reason why i didn’t want to reveal my age is probably because of oldness shame i guess i was just feeling a little bit ashamed for being old after i turned 30 i just didn’t want to talk about my age anymore so then this sort of translated over to youtube where i just
Didn’t want to reveal it when people ask me in person i also don’t want to reveal it if i’ve like met someone new so this is why i never revealed it online but now i feel like i need to turn a new leaf and just come out right and say it and tell everyone this is who i am i’m old although you probably see that i’m asian and so maybe i don’t look 40 but i am i’m
Born in 1980 year of the monkey and you might ask why i look like maybe i look like i’m 30. maybe i’m 32 or 35 or something um it’s because i don’t go out in the sun very often and most of the time i put on you know sunblock you know my daily routine is to put on some kind of spf 15 sunblock or whatnot and i try to stay out of the sun like a when i’m in a car
I put on a shade things like that anyway let’s move on to my net worth i have opened over here my excel spreadsheet as you can see the y-axis this time is completely for real previously in my videos i sort of joked around and i put in some fictitious axes saying that maybe my net worth is 16 million dollars 20 million dollars or like 500 000 you know i kind of
Changed the numbers around but this time this time it’s real this is you know this is exactly how much i’m worried you look on the y-axis all the way on the end over here it looks there it is plain and clear 1.6 million that’s how much i’m worth now i want to go over this chart because it took me over 10 years to make this and i’ve updated it every single month and
You can see from all the little dots on here every single month on the first of the month or close to it i try to update this chart and i log on to maybe 20 different accounts and i go okay how much is in here how much is in there and i try to do it around the same time of the month just to make an accurate measurement here it goes in 2010 you can see the x-axis
Markers over here it says 10 right but it’s really 2010 i don’t want to have too many numbers here clogging things up so when it says 11 it’s 2011 etc at the end over here is 2021 uh year 2000 so you can see right now is september of 2020 and that’s right where we are right now at the end and this is my current number you can see a whole bunch of lines over here
Because i’ve added one line after another when i figure out that there’s something else i want to look at in my net worth i add this in one of the lines i want to talk about is this orange line at the bottom over here the middle here is actually net worth of zero so i put this orange line here when i got close to quitting my job i wanted to see how much buffer
Room how much cash i have on hand that will allow me to quit my job i wanted something comfortable i wanted at least a hundred thousand dollars over and beyond what i can pay off on the house so i have to own my house outright and have over one hundred thousand dollars before i would feel close to comfortable quitting and after a few months of knowing that you
Can quit your job you know it gets old really quick when you’re sitting at work and you’re like i i don’t have to be here i can quit right now why don’t i just quit and then it just starts eating away at you you just lose all enthusiasm for working for the man so just a few months later you know i keep on amassing money uh working at a salary job and then you
Know i just kind of flipped i guess i i just couldn’t take it anymore and finally quit my job after being ready to quit probably even a year after that i didn’t really have to have 100k i just felt like this is a comfortable amount for me before i i i take the plunge i’m just kind of you know stepping over and and just go okay goodbye corporate world as you can
See in the 2010 that’s when i bought my house over in 2010 october i think and this is when i started to log all these net worth numbers before then i didn’t really care i just figure i have so little i can see all my money in one single bank account in the discover uh savings account you know i log in and go okay this is how much i have so i don’t need a
Spreadsheet to concentrate everything but after i bought the house i’m like oh okay this is getting kind of complicated i have an equity in the house i have retirement accounts i have assets and things like that so you got to add it all up to figure this out real quick here you can see the most giant line at the top over here the blue with the diamond solids is
Uh my actual net worth this is adding the equity in my home this is adding all the retirement accounts cash that i have and more expensive items that i have and right now the most expensive item i have is actually my tesla model 3 performance which i value at around 65 000 it’s probably like 60 000 or even 55 000 now that i drove it off the lot at the very bottom
Over here you’ll see a blue line with hollow diamonds and over here at the end of 2019 is when i bought my tesla that’s why you see my expensive item line just kind of jumped up by an enormous amount about 65 000 and right now it’s hovering at 75 000 or so because i have a few items that are somewhat expensive maybe a camera a laptop things like that i don’t
Have that many of them especially now that i’m selling them off in order to buy a tesla roadster now you might think oh you have 1.6 million a tesla roadster is 200 000 of it so this is roughly twelve point five percent of your net worth this is too much it’s absolutely ridiculous to buy that that’s why my goal is to try to amass another two hundred thousand
Dollars and then buy the car maybe my net worth will be i don’t know two million dollars and then maybe it’s okay to spend ten percent of your net worth on a car i still think this is very expensive this is not a very sound thing to do it’s a depreciating assets or whatnot but sometimes you got to live your life a little bit and just have a little bit of fun
And when i bought my tesla model 3 performance i’m just really happy that i get to experience a little bit of fun from all the hard work that i’ve done in amassing this 1.6 million dollars do i ever play with the 1.6 million dollars i don’t see it it’s not like cash in my hands i don’t even see it in a bank account it’s all in the equity in this house how much
Is this house worth you can see the wall behind me at the end of 2018 this house was worth about 1.1 million dollars and now it’s worth about 950 000 so it’s dropped a hundred fifty thousand dollars from my net worth just locked off right there but you can see my network still sort of climbs up because i’m earning more money than the house is depreciating so if
You look at september of 2020 and compared to september of 2019 over here you can see that the cash on hand the value of everything else except home equity it actually looks like i earned about 230k in one single year this is ridiculous especially when you compare it to my engineering days where you know one year you know if you i kind of eyeball it i might
Increase my cash by about a hundred thousand dollars back then i was working at a touchscreen place i think i was making about 150k or so after you know taxes after i spend a little bit of it for living costs i’m still pulling in about 100k you know and for that adding to my net worth and at the time uh the housing prices were just kind of flat or maybe goes up
A little bit so then at the end of the day i might have been increasing my net worth about 200k every single year now if you look at my net worth on my youtube days okay the last three years or when i actually work on youtube this is end of 2017 over here one year later i’m up about what is this 200k the next year after that i’m only up about 40k or so because
Of the housing you know it just kept on trickling down a little bit and the previous 12 months i increased my net worth about 100k all right so this is great let me explain a little bit about all the other lines on this crazy network chart here if you look at this turquoise lines with the positive sign this is the home value so then it started off around 500
000 okay 10 years ago and then it just kind of trickled up 100 000 and they’re 100 000 and then over here in the middle a couple years ago it’s about 900 000 it peaked all the way up to 1.1 million dollars so that’s just the face value of the home without real estate fees if i ever sold it now you also want to look at the mortgage balance the mortgage balance
Is this line over here with these square solids over here so if you just kind of look at the space in between the value of the home and this mortgage balance this is the home equity over here the wider that you get the more home equity that i have so this adds to my bottom line of my net worth so by the time you’re at the end of 2017 over here you can just
Look at wow this is really wide compared to the value of the home and you just count the number of lines over here each line is 100 000 100 200 300 400 500 650 000 of home equity when i quit my job and then you see that right after i quit my job i knew i had enough money to pay off the entire home so then that’s why i went kind of berserk on it and i’m like oh
Here’s another 50 000 on the home by the way this is the maximum amount they will allow me to automatically transfer if you pay more than this they want you to write a check you do all this crazy stuff so i just kind of want to you know go behind all this official documents and stuff i just kind of like pushed money into my home equity account so that’s why you
See it drop like 50 000 50 000 10 000 20 000 30 000 all the way to zero that’s when i finally paid off the entire home a few months later because i was doing this tricky thing where you know i just kind of pay into it so that’s the home equity by the time it’s paid off you can see that the area between this zero line and the top over here that is my assets of my
Home the equity value so over here really it’s a 1.1 million dollar home that i own outright that’s that’s all that’s all mine that’s that’s all my net worth over here and then it would fluctuate because home price man they just go up and down like crazy and you can see at the line over here man it’s kind of scary you know one year you lose a hundred thousand
Dollars and you know year to date it’s already like 70 000 that got locked off my net worth but you can’t really worry too much about you know the home price i have to live in this place you know so you know it might recover the next line down is this kind of reddish line with solid red squares uh this is net worth minus the house equity value so you can see it
Keeps on going up and up and this is the line i like to use just when i want to look at my net worth without the home value or without home equity and right after i quit my job it was right at around 550 000 i’m like oh i got all this cash this is great but after i quit my job i paid into the house right so bam right there 250 000 of cash i just plop right into
The mortgage to make it disappear so it bottom at around 330k or so and then one year later it’s 400k so 80 000 and then one year later after that i added another 160 or something this is just ridiculous because you need to look at the slope of this red line over here this is the money that i earn via youtube the money that i earn on ebay maybe stocks bitcoin
Tesla stock that i bought everything combined and i do add the current market value of the car as well so when i bought the car it didn’t take a dramatic hit but it will take a slow hit as the car depreciates so next line down is this turquoise line over here total liquidated assets minus credit card debt this turquoise line is basically all my cash cash i have
Access to before retirement so this is kind of important to know about i put that line there you can see it’s a little bit below the red line and it goes up and down it pretty much follows the red line and you can see right when i bought the car it dropped from 280k down to 200k so i still feel kind of comfortable with 200 000 worth of cash laying around that
I can you know in case of an emergency in case you know i lose youtube revenue or something i can live on it for really really long time like 10 years right because my burn rate is still around 20 000 with the house paid off that’s how much i spent including insurance including health insurance car insurance utilities uh food that i need travel you know to 20k
I can travel once or twice internationally with 20k and still pay off all my bills and then over here you see the solid triangle line over here that’s my retirement account you can see it’s not that much in it like 300k right now in total so 300k plus another 300k in actual cash and my brokerage account that’s outside of retirement account you add this together
Uh it’s 600k and then you add in you know the value of my car it’s another 60 70k so you got 600 60k or so so that explains everything pretty much on my net worth you might also notice these little blips over here this is the fault of zillow i mainly use the home value reflected on zillow and plug it into this networks chart over here and at one point you know
It just goes up and down you know sometimes they have this weird thing where they value the home one way and then the next day they value it a different way so i just decided okay i’m just gonna take whatever it shows and put it over here you can use redfin or whatever real estate uh website that you want just stay consistent with it it would make your network
Chart a lot more predictable i hope you guys find this video interesting it is a big leap for me to reveal my net worth online i am partly encouraged by seeing other youtubers reveal this and also that i have talked about my finances enough i said i own my house outright i live in the bay area i have a certain amount of cash at least a certain amount of cash
So you can put two and two together and you probably know this already but it’s a completely different thing for me to just say outright how much exactly you can see at the end over here oh my gosh the last six months it’s just stayed flat why did it stay flat it’s like i didn’t make any money at all it’s because the housing prices are dropping so rapidly because
Of this covid stuff you know i can make money as fast as possible but it’s not offsetting the amount that the real estate is dropping and if you look at the straight amount of money that i’m making it’s still an incredible amount the fact that i can compensate for the fall and real estate prices is a very very big deal already so this is a happy thing that at
Least my net worth is staying flat thanks for watching everybody again if you guys are interested in getting a free share of stock check out my review referral link down in the video description below and you can get one free share stock just free money right there value that up to sixteen hundred dollars just for depositing a hundred dollars thanks for watching
Everybody i hope you guys enjoyed this video don’t forget to give me a like comment down below let me know what you guys think about this net worth i am 40 years old an old old guy don’t forget to like this video push that subscribe button and ring that bell icon thanks for watching you
Transcribed from video
My Net Worth and Age Revealed By BeatTheBush
