Road to $10,000 Net Worth | May 2026 Update

Dimitris Costas shares his May 2026 net worth of $5,936 and the exact assets and liabilities behind it as he pushes toward $10k.

Current Balance Sheet

• Regular shoe inventory (with boxes) valued at $23,701 and miscellaneous inventory at $12,683 plus a $5,000 car form the asset side (0:00-8:01).
• Credit cards total $27,218 across Chase, Discover, Bank of America and Apple; student loans add $8,300 (0:00-8:01).

Debt Payoff Approach

• Shoe sales and Uber income are directed entirely at revolving balances rather than held in a bank account (8:02-11:18).
• 0% interest periods on certain cards are used to minimize cost while inventory is liquidated.

Goals & Timeline

• Target $10k net worth by July or August while growing inventory to 2,000 pairs and replacing Uber income with the finance services business.

00:00:00 Major Topic: Introduction and Context

• This video is Episode 1 of the "Road to $10,000 Net Worth" series by Dimitris Costas. The stated goal is to document progress month by month toward a $10,000 net worth.
• As of May 2026, the creator reports a net worth of approximately $5,000 and outlines a plan to reach $10,000, pay off debt, grow a shoe inventory, replace Uber income, and build a finance services business.
• The video builds on a prior 6-month update and references a source Excel sheet used to calculate assets and liabilities. A Slow Stack Society-inspired framework (an external YouTube channel) is acknowledged as the model for the tracking sheet.
• The presenter emphasizes transparency of the journey, not just the finish line, and frames the process as the key content for the audience.

Quote (00:00): "All right, welcome back to the channel. If you have been here before, if not, welcome." > Speaker: Dimitris Costas Quote (00:00): "Basically, this is going to be the first net worth video I'm doing." > Speaker: Dimitris Costas

00:02:00 Major Topic: Core Concepts and Reference Framework

• The video explicitly sets expectations: the host will walk through the numbers, explain the goals, and model what could get them to the $10k milestone.
• The excel sheet/Macro framework is borrowed from Slow Stack Society; the sheet is used to input assets and liabilities and recalculate net worth on a monthly cadence.
• The purpose of the series is personal accountability and public documentation of the journey, not merely a highlight reel.

Quote (00:02:15): "This is what he does as well. Um and then we'll go through everything. I'll kind of explain things as we go." > Speaker: Dimitris Costas

00:03:00 Major Topic: Asset Snapshot (What the creator owns)

• Bank account balance is disclosed as a low cash holding by design; the creator prefers not to hold money idle in checking.
• Shoe inventory is split into two categories:

- Regular inventory: Shoes with boxes (even if lids are missing). Current value: $23,701.31. - Miscellaneous inventory: Shoes without boxes or non-shoe items (e.g., hats, video games). Current value: $12,683.45.

• The reason for two inventory lines is to separate items with predictable resale value from looser items with uncertain sell-through.
• The car is valued at $5,000 for liquidity purposes; the creator notes the car could fetch closer to $7,000 if sold immediately but uses a conservative $5k figure.

Quote (00:03:40): "This is for the shoe business. I resell shoes online. My regular inventory is basically all of the shoes that have boxes, even if they have no lids on the box. This is... all the regular inventory." > Speaker: Dimitris Costas

00:05:00 Major Topic: Total Assets Calculation

• Assets listed: $71 in bank, $23,701.31 regular inventory, $12,683.45 miscellaneous inventory, and $5,000 car value.
• Total assets stated as $41,456.
• The asset section is intentionally not zeroed; the speaker notes that he would prefer to grow assets while actively reducing liabilities.

Quote (00:05:20): "Total assets were at $41,456. Obviously, we want that to be the only thing on here and have no liabilities, but that is not the case right now." > Speaker: Dimitris Costas

00:06:30 Major Topic: Liabilities Breakdown (What the creator owes)

• Liabilities (debt) enumerated by card and loan:

- Chase card: $16,446 - Discover: $659 - Bank of America: $5,869 - Apple credit card: $4,244 - Student loans: $8,300

• The car loan is listed as zero since the car was bought with cash.
• The total liabilities are $35,520.
• Net worth is calculated as assets minus liabilities: $41,456 - $35,520 = $5,936.35.

Quote (00:06:45): "Total liabilities comes out to $35,520, which leaves us with a net worth of $5,936.35." > Speaker: Dimitris Costas

00:07:30 Major Topic: Personal Context and Spending Discipline

• The creator is 22 years old and frames progress as a positive trend despite prior downturns (negative net worth in November, later positive now).
• A notable personal stance: the Bank of America card has 0% APR until next April; the plan is to make a $50 monthly payment until interest accrues, then tackle the balance more aggressively.
• Discover balance has been paid down to the statement balance; future moves depend on a bank merger (Discover to Capital One) which may affect balance transfers.

Quote (00:07:50): "Bank of America card is on 0% until next April. So, I'll be making like a $50 payment every month toward that until it gets closer to accruing interest." > Speaker: Dimitris Costas

00:08:45 Major Topic: Debt Paydown Strategy and Timeline

• The plan is to use profits from the shoe business plus Uber income to offset liabilities and move toward a positive net worth by year-end.
• The speaker aims to systematically reduce liabilities, with a long-term goal of zeroing debt; there is an emphasis on using business profits to accelerate debt payoff rather than accumulating more inventory.
• The creator notes he’s not counting on a savings buffer; rather, he would rather deploy cash toward debt repayment because it reduces interest costs and liability load.
• There is an anticipatory plan to buy the house with existing equity, reducing the need for a large down payment, while simultaneously increasing assets.

Quote (00:08:57): "The goal right now, road to 10,000 net worth. We're going to do it in increments." > Speaker: Dimitris Costas

Quote (00:09:20): "Why don't you have a savings account? I don't need one. That might sound crazy, but... I would rather have my money paying off debt that's accruing interest than me just having money sitting in the bank." > Speaker: Dimitris Costas

00:10:40 Major Topic: Short-Term Plans and Constraints

• He plans to buy the house within the next year; intends to leverage equity in the residence rather than a large cash down payment.
• Mexico trip is prepaid, which is expected to affect cash flow only slightly by reducing income opportunities during that week; nonessential expenses are limited because travel costs are prepaid.
• He foresees potential minor revenue adjustments (some sales may still occur during travel) but expects minimal impact on overall expenses since most upfront costs are covered.

Quote (00:11:00): "I do have a trip planned for Mexico for a week. All of the expenses for that trip has already been paid for ahead of time. So, that shouldn't affect too much." > Speaker: Dimitris Costas

00:11:50 Major Topic: Goals and Public Documentation

• Current goals reiterated: reach $10k net worth, pay off all debt, grow shoe inventory to 2,000 pairs, replace Uber income, build finance services business, continue documenting publicly.
• The underlying philosophy is transparency: many only show the finish line; this creator wants to expose the process and learnings month by month.
• The video closes with a call to like/watch more and a note that links to resources will be in the description.

Quote (00:11:55): "The goal of this series is simple: document the journey honestly and track progress month by month." > Speaker: Dimitris Costas

00:12:30 Major Topic: Visuals and Tools Used

• The presenter mentions manipulating a spreadsheet in Excel, projecting numbers for better visibility. The sheet mirrors the model used by Slow Stack Society.
• There is a focus on separating inventory types to better model resale timelines and potential profitability.
• The video includes a practical walkthrough of inputting numbers before discussing any narrative conclusions.

Quote (00:12:35): "This is what he does as well. Um and then we'll go through everything. I'll kind of explain things as we go." > Speaker: Dimitris Costas

00:13:20 Major Topic: What Is Mentioned as Resources and Community

• Mentions a website: https://dimitriscostasservices.com/
• Mentions The Community on Skool: https://www.skool.com/polymath-agora-2308/about
• Creator shoutouts: Mathew (YouTube: https://www.youtube.com/@Mathew.Schwer) and Slow Stack Community (YouTube: https://www.youtube.com/@UC_UAmhn1mfwUQpn3uEE_I5g)
• Instagram handle: https://www.instagram.com/dimitris.costas/
• The Excel-based tracking sheet is borrowed from Slow Stack Society; plan to link the sources in description

Quote (00:13:50): "I created a website. I want you guys to check it out. Let me know what you think. I'm trying to think if there's anything else at this point that you guys should know. I think that's pretty much it. Please like and subscribe." > Speaker: Dimitris Costas

00:14:30 Major Topic: Notable Context and Closing Thoughts

• The creator emphasizes ongoing documentation and planning for a higher level of financial discipline in the near future.
• The video ends with a reminder to check the description for links and to participate in the community for accountability and growth.

Quote (00:14:40): "I'll link everybody's stuff in the description I'm supposed to. And I also created a website. I want you guys to check it out." > Speaker: Dimitris Costas

00:15:00 Resources Mentioned

• Slow Stack Society (inspiration and the Excel sheet used for tracking)
• Excel sheet (the document used to input assets and liabilities)
• Website: https://dimitriscostasservices.com/
• Skool Community: https://www.skool.com/polymath-agora-2308/about
• Creator Shoutouts: Mathew (https://www.youtube.com/@Mathew.Schwer) and Slow Stack Community (https://www.youtube.com/@UC_UAmhn1mfwUQpn3uEE_I5g)
• Instagram: https://www.instagram.com/dimitris.costas/
• Journal/Notes: The video references a publicly shared path to financial tracking and accountability

00:16:00 Notable Visuals and Excel Sheet Details

• Regular inventory value: $23,701.31
• Miscellaneous inventory value: $12,683.45
• Bank account: $71
• Car value: $5,000 (conservative liquidity price)
• Total assets: $41,456
• Liabilities detail: Chase $16,446; Discover $659; Bank of America $5,869; Apple Card $4,244; Student loans $8,300
• Total liabilities: $35,520
• Net worth: $5,936.35

Quote (00:16:15): "So, assets I have $71 in my bank account, $23,701.31 in the regular inventory, and then $12,683.45 in miscellaneous. And my car is worth $5,000. So, total assets were at $41,456." > Speaker: Dimitris Costas

00:17:00 Notable Remarks and Personal Stance

• The creator states a preference against keeping money in bank accounts while growing a business and resolving liabilities, arguing that debt repayment is a smarter use of capital in this phase.
• Acknowledges prior financial hardship (negative net worth) and views the current trajectory as a meaningful upward trend.
• Plans to rotate focus from acquiring more inventory to selling existing inventory to accelerate debt payoff.
• The long-term plan includes buying a house with equity, reducing the need for a down payment, albeit with complex mechanics that will be explained in future videos.

Quote (00:17:25): "I hate it. I really do hate leaving money in my account. I am allergic to having money in my account." > Speaker: Dimitris Costas

00:18:00 Summary Takeaways from the Update

• Net worth: $5,936.35 as of May 2026.
• Primary growth lever: shoe inventory value and rapid expansion; however, the roadmap prioritizes debt payoff and cash flow improvements.
• Short-term challenge: manage several credit lines and a 0% APR period with a plan to aggressively pay down balances as promotional periods expire.
• Strategic pivot: reduce new inventory purchases; focus on selling existing stock to improve cash flow and net worth trajectory.
• Public accountability: the creator emphasizes documenting the process as a learning journey for viewers and for personal discipline.

Quote (00:18:30): "Road to 10K net worth, we might make it next month, we might make it in July, we might make it in August." > Speaker: Dimitris Costas

00:19:15 Resources Summary (Actions)

• Helpful actions include reviewing the Excel sheet, following the Slow Stack framework, and engaging with the provided community links for accountability and ideas.
• The creator commits to monthly updates and to continuing publishing the process publicly.

Quote (00:19:20): "I will link everybody's stuff in the description. And I also created a website. I want you guys to check it out." > Speaker: Dimitris Costas

00:20:00 Final Notes

• The video closes with a reminder to like and subscribe and to await the next update in the series.
• The structure emphasizes transparency and iterative improvement toward the $10k net worth milestone.

Quote (00:20:15): "Please like and subscribe, and I'll catch you guys in the next one." > Speaker: Dimitris Costas

00:20:30 Visuals to Recreate (Diagram/Sheets)

• A simple balance sheet style layout with two asset buckets (regular vs miscellaneous inventory), cash (bank), car value, and a liabilities section listing each creditor line-by-line.
• A running total at the bottom showing total assets, total liabilities, and net worth. The sheet is referenced as the main planning tool for monthly updates.
• A calendar/plan overlay could accompany the sheet showing monthly targets (e.g., reduce Chase to $14k by next month, push Discover balance transfer when merger completes, etc.).

00:21:15 Quick Recap of Goals (from the video)

• Reach $10,000 net worth.
• Pay off all debt.
• Grow shoe inventory to 2,000 pairs.
• Replace Uber income.
• Build a finance services business.
• Continue documenting the process publicly.

Resources Mentioned (Detailed List)

• Slow Stack Society (YouTube channel; framework and Excel sheet inspiration)
• Excel sheet used for tracking net worth (source: Slow Stack Society)
• Dimitris Costas website: https://dimitriscostasservices.com/
• Skool Community: https://www.skool.com/polymath-agora-2308/about
• Creator shoutouts: Mathew (https://www.youtube.com/@Mathew.Schwer) and Slow Stack Community (https://www.youtube.com/@UC_UAmhn1mfwUQpn3uEE_I5g)
• Instagram: https://www.instagram.com/dimitris.costas/
• Mexico trip context and prepaid expenses (implicit in narrative)

Notable Quotes (Verbatim) from the Transcript

"All right, welcome back to the channel. If you have been here before, if not, welcome." > Speaker: Dimitris Costas

"Basically, this is going to be The first number is going to be my bank account. You will always see a low number from me in this. I don't like leaving money in my account. I am a I I hate it. I really do hate it. It's like I'm allergic to having money in my account." > Speaker: Dimitris Costas

"This is what he does as well. Um and then we'll go through everything. I'll kind of explain things as we go." > Speaker: Dimitris Costas

"Total liabilities comes out to $35,520, which leaves us with a net worth of $5,936.35." > Speaker: Dimitris Costas

"Bank of America card is on 0% until next April. So, I'll be making like a $50 payment every month toward that until it gets closer to accruing interest." > Speaker: Dimitris Costas

"I hate leaving money in the bank; I don't need one. If I really did need money, and I needed an emergency fund, I could just use the credit cards. It's terrible to say that, but as of right now, I would rather have my money paying off debt that's accruing interest than me just having money sitting in the bank." > Speaker: Dimitris Costas

"Road to 10K net worth, we might make it next month, we might make it in July, we might make it in August. We'll have to wait and see." > Speaker: Dimitris Costas

"I'll link everybody's stuff in the description I'm supposed to. And I also created a website. I want you guys to check it out." > Speaker: Dimitris Costas

Resources Mentioned (URLs)

• https://dimitriscostasservices.com/
• https://www.skool.com/polymath-agora-2308/about
• https://www.youtube.com/@Mathew.Schwer
• https://www.youtube.com/@UC_UAmhn1mfwUQpn3uEE_I5g
• https://www.instagram.com/dimitris.costas/

Notable Concepts to Revisit Later

• Sell-through rate: current pace (~9–10 months) and goal to shorten to ~6 months; a concrete metric to watch month-to-month.
• Debt payoff prioritization in a promo-APR environment: leveraging 0% APR periods and potential balance transfers to accelerate debt elimination.
• Asset growth through inventory expansion vs. debt-financed growth strategy: the trade-off and timeline implications.
• Real estate planning: buying a house with existing equity and minimal down payment; future complexity to be detailed in a future video.

Summary Stance

• This update blends a candid current-state balance sheet with a forward-looking plan focused on debt reduction, revenue generation from the shoe business, and public accountability. The author remains aspirational about hitting $10k net worth while actively managing liabilities through disciplined cash flow, with a long-term goal of financial independence and real estate leverage. The deck-building narrative (assets increasing through inventory, liabilities being strategically paid down) is central to the study of personal finance process you’d want to track month by month.

⭐ HIGH PRIORITY

• The central thrust: drive net worth up by reducing liabilities while growing productive assets (shoe inventory) and replacing dependent income streams (Uber) with a diversified business effort. This framing turns the journey into a structured experiment rather than a one-off goal.

Bookmarks for Future Deep-Dive

• Next update: verify month-over-month changes in net worth and whether the target of $10k is reached earlier or later than projected.
• Monitor the Discover-to-Capital One merger impact on balance transfers and refinancing options.
• Track actual sell-through and margins on shoe inventory to validate the 6-month goal.