Millionaires Unveiled (Jace Mattinson, CPA)

Alex has a current net worth of 500K and owns eight single family rentals and one multifamily investment property. He didn't start saving and investing until he was about 30 years old. Alex shares the details of his real estate deals including the strategy behind his single family rentals. He discusses the value of passive income, real estate vs. equity investments, and provides investing advice. Check out his blog at www.brokeisachoice.com 

Email us at - millionairesunveiled@gmail.com

Website - www.millionairesunveiled.com

Twitter - @Mill_Unveiled

Jeremy has a current net worth of $1.7 million. 80% is in real estate among several units and the other 20% is in the stock market. Jeremy started as a financial analyst but transitioned to real estate full time pretty quickly and even became a licensed real estate agent. He is 29 years old and has house hacked his way to many of the units he owns. 

James has a current net worth of 1.1M. He grew up in a poor household and talks about the impact that had on him. He currently works in information technology and is 35 years old. James talks about switching his portfolio allocation from single stocks to index funds. He served in the Air Force for six years and holds only 1% of his net worth in cash. James also shares detailed mistakes (selling stocks too early, selling crypto at a loss, single stock investing, etc..) and advice for a solid financial future.

Jason is a college professor with a current net worth of 625K. He is 47 years old, married, and has one child. Together with his wife they had about 280K in student loans - Jason shares his advice for how to pay them off, why to avoid them at all costs, and how he was able to not be discouraged while paying them off. He has 180K in home equity and works additional hours and over the summer to make an extra 30-35K in income on top of his regular salary.

Email us at - millionairesunveiled@gmail.com

Website - www.millionairesunveiled.com

Twitter - @Mill_Unveiled

Matt has a current net worth of over $1.3 million dollars. Together with his wife, they have a household income of about 250K which has increased steadily over the years. He discusses why he invests virtually nothing in international stock, the importance of Roth IRA's for children, and how being financially successful has removed stress from his life. Matt currently works as a portfolio manager and financial advisor. 

Email us at: millionairesunveiled@gmail.com

Website - www.millionairesunveiled.com

Twitter - @Mill_Unveiled 

Sponsor - www.savethechildern.org/savekids

Cecilia has a current net worth of 1.5M, about 420K of which is in home equity; she also has 640K in retirement accounts. Cecilia shares her story of working in a corporate job before deciding to start her own coaching and development company. She is divorced and has two kids almost off to college. She is working on "what the next stage of life looks like." Cecilia also discusses her upbringing, keeping up with the Joneses, teaching kids about money, and budgeting.

Mrs. Frugalwoods joins us for this show to discuss frugal living, FIRE, investing, and being intentional with one's decision making. She shares thoughts on raising kids while working, what it's like living (and growing lots of food) on a 66 acre property in Vermont. We also talk about real estate investing, how her interest in personal finance started and what FIRE means to her. Check out her blog at https://www.frugalwoods.com/.

Summary

Riggs has a net worth of $14.5 million. He is in his early 70's. He is currently the CEO of OriginClear, a water treatment company. He shares his journey from working in the nonprofit sector to becoming a startup CEO and eventually leading a company to the NASDAQ. Riggs talks about the challenges and successes he has faced in the industrial water space and the innovative solutions his company is providing. He emphasizes the importance of perseverance and the desire to make a positive impact in the world. Riggs discusses the company's focus on retail fundraising from accredited investors and their plans to help launch future companies. He emphasizes the importance of having a hot idea with differentiation, strong organizational development, and a path to financial success. Eckelberry also highlights the need to provide investment opportunities for both accredited and unaccredited investors. In the rapid-fire questions segment, he shares anecdotes about his first job, expensive purchases, and changing beliefs about Russia.

Jon has a current net worth of $2.0+ million. He is in his early 40's and is a former corporate executive turned Franchise Investor and Consultant. We discuss making a career switch and why he likes non-food franchises. We also get into the mindset around taking out a mortgage after having a paid off house and donor advised funds for charitable giving. 

Summary

In this episode, Cameron shares his journey in the real estate industry, detailing his rapid rise to a net worth of nearly $2 million at just 23 years old. He discusses his investment strategies, the importance of liquidity, and how he built a successful real estate team. Cameron emphasizes the significance of delayed gratification and living within means while pursuing financial goals. He also reflects on his experiences in managing a diverse portfolio and his aspirations for the future, including a target net income and continued growth in real estate investments.

Takeaways

*Cameron achieved a net worth of nearly $2 million at 23.

*90% of his net worth is in real estate investments.

*He values liquidity to manage risks in real estate.

*Cameron started his real estate career right after high school.

*He built a successful real estate team specializing in creative financing.

*His first investment was a challenging duplex with a squatter.

*Cameron manages a diverse portfolio of 45-50 units.

*He aims to net $100,000 a month from real estate investments.

*Cameron enjoys the process of buying and selling real estate.

*He believes in the snowball effect of building wealth over time.

Sponored by: 

Indeed

Indeed.com/unveiled

Zocdoc

zocdoc.com/milionaire

Steve is 31 years old with a current net worth of 500K. He has 100K in home equity, 100K in the Vanguard index fund, VTSAX, 230K in retirement accounts, and about 40K total in educations savings accounts, cash, and a 529 plan. He and his wife (school teacher) have one child and spend about 50K per year; they currently save about 60K per year. Steve discusses how he was able to grow his income, how to work with your spouse on money, and the affect goal setting has had on his financial success. 

Eric has a net worth of $1.2 million. He is in his 30's and in the Military and speaks several languages. He has a paid for house of 540k, Roth Accounts around 290k, Traditional Accounts around 60k some cash and precious metals/jewelry that make up the rest. He doesn't have a credit card. 

Tim Sykes is a penny stock trader who has earned millions after starting with just $12,000. Tim discusses the ins and outs of penny stock trading including how to get started, how much to invest, what to invest in, where to look, and the mindset to have. Tim also discusses success in both business and life and provides excellent advice on being honest and patient in both investing and life.

Kristy and Bryce retired at the ages of 31 and 32 from their computer engineering jobs and have been traveling the world since 2015. They quit with a net worth of $1MM and have since grown that to $1.4MM. Their combined income ranged from 60K to 140K while working. We discuss their story, travels, investment mindset, backup plans for a market correction, and Kristy's background of growing up in China and living on 44 cents a day. 

Booknotes: https://booknotes.page.link/millionaires

Keith, the wealthy accountant has a current net worth of approximately 12.5M. Keith discusses his story and path to wealth including his humble beginnings as a farmer. Keith hit his first million at age 31 and unveils his route to financial success which included primarily small business and real estate investments. He provides terrific advice on how to build your net worth, how to stay focused, and shares the best financial advice he ever received. 

Robert is in his early 50's and has a current net worth of around $3.5 million. He has $2.1 million outside of his pension. 400k of that is a paid for house and the rest is across other assets in retirement accounts and a few other investments. His pension may be worth anywhere between 600k to $2.0 million so his range of net worth could be ~$2.8 to $4.1 million. He is a retired firefighter and worked in that field for 23 years. Prior to that he had what many would consider a traditional corporate career. He and his wife have never had kids. 

Justin has a current net worth of 4.5M. Following his college graduation, he attended law school and worked for a law firm and large energy company. After just a couple years of working, he realized the corporate life wasn't for him and turned to an entrepreneurial journey. He currently owns several rental properties and receives over 50K in monthly rental income. He also discusses purpose, goal-setting, one's tribe or circle of friends, mindset, and attitude. 

Summary

Lawrence is in his early 40's and works as a federal auditor. He shares his journey from having over $150,000 in debt in 2014 to a net worth of $1.3 million. He started by utilizing tax-advantaged accounts like 401(k)s and HSAs to lower his tax liability and increase his refund. Lawrence also focused on reducing his expenses, particularly food costs, and separating happiness from spending money. His goal is to retire with a net worth of around $6 million, travel the world, and give back to others to help them achieve financial security. He discusses his strategies for saving and investing, including maxing out his retirement accounts and utilizing an HSA as an investment vehicle. Lawrence emphasizes the importance of having a supportive spouse and open communication about finances. He also talks about his plans for the future, including reaching a net worth of $2 million and considering early retirement.

Sponsored by: 

Indeed.com/unveiled

Today's guest, Chris, has a net worth of over five million dollars. He is invested nearly all in real estate. He employs a real estate strategy of lease-to-own and owner financing on primarily single family homes. We discuss how Chris first started in real estate, how one of his deals may work, and the importance of having a good coach or mentor in your life. 

Book - https://smartrealestatecoach.com/ebook/

Email us at - millionairesunveiled@gmail.com

Website - www.millionairesunveiled.com

Twitter - @Mill_Unveiled

Today's episode features a radiologist with a current net worth of 3.0 million. He hit his first million at age 45 and his second million just two years later. He holds 500K in his 401K, 500K in a standard brokerage account, and 500K in syndicated real estate deals. We discuss the mantra that doctors are bad with money and how he thinks that's changing. Furthermore, he shares his investing insights, how to work on the side, and his goals for financial success.   

Summary

Zach is in his early 30's. He works in the mining industry and has a net worth of over $1.8 million, with a significant portion in tax-advantaged accounts. He started contributing to a Roth IRA at the age of 14 and has been maxing out his contributions ever since. Zachary has aggressively paid off his home mortgage and now owns his home outright. He has a goal of reaching $3 million in invested assets outside of his primary residence by the age of 45. Zachary emphasizes the importance of being intentional with money and treating personal finances like a business.

Takeaways

*Start investing early and contribute consistently to tax-advantaged accounts like a Roth IRA.
*Aggressively pay off debt, such as a mortgage, to achieve financial freedom and peace of mind.
*Set clear financial goals and create a plan to achieve them, considering short-term, mid-term, and long-term needs.
*Be intentional with money and treat personal finances like a business, making decisions based on long-term financial success.
*Consider opportunities in industries like mining, which offer good careers and salaries, and are essential for the global economy.

Sound Bites

"Start investing early and contribute consistently."
"Aggressively pay off debt for financial freedom."
"Set clear financial goals and create a plan."

Summary

Sarah, a teacher, shares her journey to becoming a millionaire and her financial mindset. She has a current net worth of $1.1 million spread across various investement. She grew up in a wealthy area but her family struggled financially. Sarah and her husband have separate finances and believe in maintaining equality and ownership. They prioritize security and living below their means. Sarah has a side hustle as a financial coach and tutor. She values small daily expenses that bring her happiness. Sarah's advice is to take the first step on your financial journey and start small.

Jason is a multifamily real estate investor with a current net worth of six million dollars. He has 95% of his net worth invested in real estate, and has no plans to invest in the financial markets. Jason went to law school, passed the bar exam, and then turned down a prestigious job offer to begin flipping single family homes. He did so for a few years before meeting his business partner and shifting his investing strategy to multifamily apartment buildings.

Matt has a current net worth of $3.1 million. About 1/3 is in real estate, 1/3 in tax advantaged retirement accounts and 1/3 in a brokerage. Matt is in the Navy and is in his late 30's. We discuss his 3 major goals related to his financial life, his journey to learning about finances and receiving an inheritance. 

Summary

James has a net worth of $2 million. He is in his 50's and plans to retire in a couple of years. Most of his wealth is invested in the market via his 401(k). He has worked for the same Fortune 500 company most of his life. It tooks him 25 years to get to the first million and 5 years to get to the 2nd million. They took a slow and steady approach to wealth building, primarily through their 401(k)s and home equity. James emphasizes the importance of having a shared vision with your partner and making financial decisions that align with your values. He also discusses the role of pensions in their retirement plan and the lifestyle changes they made along the way. James encourages others to start saving early and not to rely too heavily on financial experts, as no one has all the answers.

This interview features Allison, a nurse with a net worth of $1.7M. Her husband also works as an engineer. Together they have eight single family rentals, half of which are paid off; the rentals cash flow about $50K annually. They hold about one $1M in equity investments and nearly $700K in real estate. Allison also invests in her 401(k) and a thrift savings plan. Within her equity investments, 90% is in stocks and 10% in bonds. 

Vien, a refugee at birth, now resides in Australia and works as a pharmacist. She has a current net worth of 1.6M with 1.2M in real estate, 200K in her business, 90K in cash, and the remainder in retirement accounts. She discusses her career, allocating money between her business and other investments, and her financial goals for the future. Vien also shares that part of her financial motivation is remembering the time she had three dollars in her bank account and five dollars in her wallet. 

Today's guest interview features the money couple. We discuss all things finances in marriage and why/how 70% of couples whom divorce do so because of financial stress/issues. Scott and Bethany talk about the five money personalities, and share how learning about your money personality can help in marriage. They also share that it costs, on average, 275K to raise a kid from kindergarten through four years of college. 

https://themoneycouple.com/

John has a current net worth of 1.7M which is divided between his primary residence, one rental property, retirement holdings and various other accounts and assets. He started his career in the auto industry and now mixes that with technology for his current job. John discusses career management including negotiating salary, his start to personal finance and real estate investing, and the value of spending time with those you love.

Listener Survey - https://forms.gle/YG2yyCqPYvAbYTWw8

Summary

Dividend Daddy has a net worth of $2+ million. He shares his journey to financial independence and his investment strategies. He discusses his real estate holdings, including his mortgage-free primary home and investment properties with mortgages. Dividend Daddy explains the reasons behind paying off his primary home early, including the limited mortgage options in Canada.

He also talks about his transition from index investing to a hybrid approach, focusing on dividend-paying stocks in Canada. Dividend Daddy plans to live off his dividend income and contract work, allowing him the flexibility to travel and live life on his own terms. The principal theme of the conversation is Dividend Daddy's plans for his next phase of life, which involve traveling and working remotely. He wants to explore different parts of the world, particularly Europe, South America, and Asia, and spend more time in warm climates.

Dividend Daddy is not interested in owning a car and prefers to use public transportation, walk, or cycle. He learned the importance of saving money from his grandfather, who emphasized paying with cash and avoiding debt. Dividend Daddy became a millionaire around the age of 35, but he didn't track his net worth closely. He has recently shifted from index investing to a hybrid approach that includes dividend investing. His advice to younger investors is to start early and keep expenses low.

Takeaways

*Dividend Daddy has a net worth in the multi-millions, with investments in the stock market and real estate.
*He paid off his primary home early due to the limited mortgage options in Canada and the peace of mind it provided.
*Dividend Daddy focuses on dividend-paying stocks in Canada, particularly in stable industries like banking and telecommunications.
*He plans to live off his dividend income and contract work, allowing him the freedom to travel and live a location-independent lifestyle. Dividend Daddy plans to travel and work remotely in different parts of the world for his next phase of life.
*He prefers to use public transportation, walk, or cycle instead of owning a car.
*Dividend Daddy became a millionaire around the age of 35, but he didn't track his net worth closely.
*He has recently shifted from index investing to a hybrid approach that includes dividend investing.
*His advice to younger investors is to start early and keep expenses low.

@DividendDaddy1

Tyson has a current net worth of $1.3M. He lives in Austrailia and works as an electrician for the government. His wife works in retail. He became a millionaire in his late 20's and is now in his mid 30's. We have a great discussion on getting on the same page with his wife, his desire to own a supercar and the journey to $10 million or 200k in passive income for him. 

Brian is in his late 30’s with 3 kids. He is in Sales after orgininally becoming a Chiropractor. He has a net worth of $1.3 million with 470k in retirement, 350k in real estastate, 180k in primary residence, 20k in some 529’s, just shy of 200k in a brokerage and some cash. 

Gigi and her husband have a current net worth of three million dollars. She is a stay at home mom, while her husband is an engineer. Gigi tells their financial story including how they budget, save for kids college, purchase (or receive) cars, and plan for retirement. She shares terrific advice about "knowing who you are" when investing, and making your money work for you. 

Booknotes: https://booknotes.page.link/millionaires

Mo has a current net worth of 1.6M. He lives in India, but travels often to the United States for work. He owns and leases a large commercial office property which is composed of 90% of his net worth. We ask him if that makes him nervous (having most of his net worth tied up in one property), and why he's chosen the allocation he has. He explains his reasoning, and unveils his mindset and investing strategy.

Summary

Byron has a net worth of around $15 million. He is a fractional CFO and CPA and has his own firm but invests heavily in small and private businesses. He emphasizes the importance of understanding numbers in running a business and the value of tax strategy. He prefers investing in businesses where he can partner with people who have complementary skills. He tells the story of what lead him to federal prison in college and the journey he took to get out and redeem himself. Byron has had both successful and failed investments, but he believes that failures don't define an investor or entrepreneur. He envisions becoming an angel investor and investing in people and ideas that he believes in. Byron shares his favorite brands and experiences, including his love for Bentley Continental and overwater bungalows. He also talks about his first job mowing lawns and a crazy money-making scheme he had in college. Byron reflects on his journey to becoming a millionaire and the lessons he learned along the way. He emphasizes the importance of embracing failure and the value of partnerships. Byron's advice for those starting out is to expect failure and to cultivate strong friendships.

This week's episode highlights Ericka with a current net worth of 1.4M. She is married and has seven rental units, most of which are single family houses (from which she currently makes about 10K a month in passive income). She and her husband have 60% of their net worth in real estate, 25% in equities, 12% in cash, and 3% in other including crypto. Ericka has a motivating story about growing her annual salary from 35K to over six figures, and unveils her journey to millionaire.

On this week's show we divulge a billionaire's balance sheet. We also discuss items that have stood out to us after interviewing more than 100 millionaires. Furthermore we talk about how much personal real estate to have as a percentage of one's net worth and budgeting. 

Pete currently lives in Australia and works as a financial advisor. His net worth is split into three different buckets - real estate, equity investments, and small business. He discusses his background and story including almost being an Australian Olympic swimmer before finding the financial planning industry. He was 35 years old when he hit his first million. Pete now travels extensively and enjoys spending time with family and friends while helping others on their journey through life.

Cubert has a current net worth of 1.4M. He has 500K in a traditional 401K with 100% of the funds invested in a Vanguard S&P 500 index fund. He also has 250K in home equity, and 600K in other real estate holdings including a condo used for airbnb. Cubert discusses how he went from virtually nothing to millionaire status in ten years including building up his real estate portfolio to four single family rentals and one Airbnb condo. You can find him at abandonedcubicle.com.

Mike has a net worth of $16.9 million. He is in his early 70's. Most is in the market at this point, but that is only as of recent. He has a couple pieces of real estate for personal use. Mike has been a business owner and entrepreneur most of his life. 

Sponsored by: 

www.Masterclass.com/Unveiled

John has a net worth of 4.2M. Of the 4.2M, 1.8M is invested in real estate split between his primary home and a condo rental. He as about 500K in his 401(k), and an additional 800K in other retirement accounts. John is 55 years old and first hit a net worth of 1M at the age of 39. He discusses teaching his kids about money, vacation costs, estimated spending after retirement, general mistakes and advice, and what it feels like being close to retirement. 

www.millionairesunveiled.com

Chris is 46 years old, has three children, and has a background in mechanical engineering. His current net worth is 1.3M. He works for a global fortune 500 healthcare company and holds about 900K in traditional IRAs and his 401(k). He has worked for the same company for over 22 years. He prefers VTSAX, the Vanguard total stock market index fund, and discusses why that's his fund of choice. He also shares what a family vacation costs him, and discusses his SEPP retirement plan.

Jermaine has a current net worth of $1.7M. He has a majority in the market in various tax advantaged accounts and a paid for house. He drives a Tesla and is a Civil Engineer and his wife is a Elementary School Teacher. He bought his first house at 25. He feels he has made every mistake in the books and still turned out alright. We discuss all types of loans, leases, compound interest and staying the course. 

Jennifer has net worth of 100 million dollars. We discuss her background (grew up poor) and journey to her current situation. She shares her asset portfolio which includes stocks, real estate, private equity, hedge funds, a car wash and laundromat, small business, and more. Jennifer also talks about managing her time, finding investment opportunities, advice for women, and the upside of small business and tech.

Brian and Amy have a current net worth of just over 450K. They spend about 30K annually and have a combined income of 170K. They discuss their money conversations prior to marriage, paying off student loans, and how they both started investing. Brian and Amy share general advice and mistakes which includes starting investing faster, buying a smaller house, and being more intentional about one's finances.

Part 2 with Chad on selling his company to Private Equity. 

Dennis is an IT sales professional with a net worth of over one million dollars. He takes a three bucket investing approach which includes, a) cash, b) 60-40 stocks to bonds, and c) a nearly 100% equity bucket. Dennis talks about whether to pay off one's home, and how he was able to overcome $283K of debt. He's currently 40 years old and had a college GPA of 2.67.

Email us at - millionairesunveiled@gmail.com

Website - www.millionairesunveiled.com

Twitter - @Mill_Unveiled

Brad, co-host of the popular personal finance podcast, ChooseFI explains how the podcast got started and what it means to be "financially independent." He talks about intent, how much one needs to retire on a certain lifestyle, and how to get started toward financial independence. He also shares insights on his investment portfolio, health insurance advice for those who are retired or self employed, investing mistakes he's made, and tips for financial success.

Today's episode features "Still-In" from MilitaryMillions.com. He has served in the military for 17 years, and has a current net worth of 4.2M including a government pension valued at 1.2M. His paid off house is worth over 400K, and he holds over 2M in traditional investments held primarily in Vanguard funds. We discuss his current allocation between Stocks and Bonds, and Domestic vs. International. "Still-In" unveils his investing strategies, cash holdings, and thoughts for financial success. 

Lloyd Edge is a music teacher turned real estate investor. He has a current net worth of over 10MM USD. He decided to invest in real estate while teaching when he decided that he wouldn't be able to retire with enough money from just teaching alone. He lives in Australia and worked as a teacher for 15 years prior to quitting.  Lloyd became a millionaire at the age of 38 and currently makes over 250K in annual passive income. 

Email us at - millionairesunveiled@gmail.com

Website - www.millionairesunveiled.com

Twitter - @Mill_Unveiled

J.C. is 70 years old and has a current net worth of 2.2 million. He shared his story which involved a career in the military, bartending, and working at Apple. He now travels the country (and world) with his wife, primarily in their 250K RV/motor home. J.C. shared that he became a millionaire at age 55 and had a max salary of 130K. We also discuss his historical investing, generational wealth, and how much he spends annually in retirement.

Neil is a radiologist with a current net worth of 2.5M. He's been out of residency and working as a doctor for six years. He allocates his investments between both financial securities (70%) and bonds (30%). His 350K primary residence is fully paid off. Neil unveils his current physician salary, and the salary he received in residency. He also provides great advice to new doctors, and those still in school and residency.

Paul has a net worth of $1.1 million mostly consisting of 5 single family rentals. Paul shares his story of becoming a millionaire. 

Adam is 29 years old with a current net worth of 400K. He lives in Canada currently, but grew up in Eastern/Central Europe. Of the 400K, about 280K is invested in real estate while the remainder is in the equity markets. His goal is to be invested 50/50 in real estate/market investments going forward. We discuss his wife's first rental property, his current stock holdings, and his plans for the future.

Max has a current net worth between $3-$5 million. We averaged for $4 in the title. He first appeared on the show a few years ago on episode 172. We get into the recent journey he has taken to go from $1 million just a couple of years ago to over $3 million today and what drives him now. 

Today's episode features a CPA who has worked in both public and private accounting. She has continually strived to be frugal, invest, and grow her net worth. She has a current net worth of 1.2M. Dora mentions that she used to be a workaholic, but now works for the government in a job with better work-life balance. Her range of income during her working life has been $19,000 - $180,000. We discuss her financial history, investing strategies, and plans for the future.

Summary

Bunny has a net worth of $10 million. Most is in the value of her businesses but she does own some real estate and keeps a little inveted in the market. She is a successful entrepreneur and business coach. She shares her journey of owning and managing multiple companies. She started as a stuntwoman and model but eventually pursued a master's degree in counseling and psychology. Bunny currently owns seven companies and has had a total of 16 companies in the past 19 years. She emphasizes the importance of investing in her own businesses rather than the stock market, as it provides higher returns and tax advantages. Bunny also discusses the concept of seasons instead of balance and the value of focusing on priorities. Bunny shares her journey of identifying her expertise and focusing on her niche to maximize growth. She discusses how her heart condition motivated her to be greedy and selfish with her time, leading her to find ways to minimize effort and maximize return on investment. Bunny emphasizes the importance of being confident in your highest value and prioritizing what truly matters, such as family and personal fulfillment. She also talks about the significance of delivering value and making a positive impact in the world, rather than solely focusing on financial success.

Takeaways

*Investing in your own businesses can provide higher returns and tax advantages compared to investing in the stock market.
*Prioritizing and focusing on what truly matters to you can lead to greater success and fulfillment.
*Creating systems and delegating tasks can free up time and energy for more important activities.
*Balance is a myth, and it's more about finding the right seasons and priorities in life. Identifying your expertise and focusing on your niche can lead to significant growth and success.
*Being greedy and selfish with your time can motivate you to find ways to minimize effort and maximize return on investment.
*Confidence in your highest value and prioritizing what truly matters, such as family and personal fulfillment, can lead to a more fulfilling and successful life.
*Delivering value and making a positive impact in the world should be prioritized over solely pursuing financial success.

Sound Bites

"Investing in your own companies, you're getting 234% back."
"Betting on yourself is the least risky thing you can do."
"I still have a wealth advisor... as long as I'm beating that mother, I'm still winning."
"How long do you think it took you to get to this area of identifying your expertise and being able to really capitalize on the growth that's possible from just focusing on your niche and what you're excellent at?"
"How can I put in this minimum viable effort and get a maximum return?"
"What's unique about your approach is that it's the exact opposite of lazy. You might think, oh, limited hours, but it's maximum productivity within limited hours so that you have maximum output basically across the board in your entire life, which is amazing."

Today's interview features Chris Mamula, co-author of the new book, "Choose FI: Your Blueprint to Financial Independence." We discuss his background and how he was able to retire at the age of 41. Chris shares input on health insurance when retired, what surprised him upon retirement, how he personally invests, and how to transfer net worth to cash flow/income. He divulges the story behind the book and also what stood out to him from his research and writing. Check out the book at https://amzn.to/2IOPgBI.

Logan has a current net worth of 3.75M, of which most is invested in real estate. He has 55 total units, primarily single family rental properties. Logan discusses how he got started in real estate which includes buying his first rental for about 40K. He paid off 110K in student loans and now works as a nurse anesthetist. He also shares details on renovating homes, finding good contractors and life insurance. 

www.millionairesunveiled.com

Zach has a current net worth of 6.5M which is comprised of almost all real estate including 35 duplexes, 25 single family houses and some multifamily. We discuss how he started in real estate (which included working as a broker and finding investment opportunities for other investors), the typical numbers on one of his single family rentals, mistakes made and general advice to someone who wants to get started in real estate.

www.chime.com/millionaire

https://shop.ekster.com/Millionaire

Summary

In this episode Brandon shares his journey from a modest upbringing in East Texas to becoming a successful nursing home administrator and real estate investor with a net worth of $1.5 million most of which is in single family rentals and duplexes. He is in his early 30's. He discusses his strategies for building wealth through real estate, the importance of education and family support, and his experiences in the nursing home industry. Brandon emphasizes the value of hard work, perseverance, and following one's instincts in achieving financial success.

Takeaways

*Brandon's net worth is approximately $1.5 million, primarily from real estate investments.

*He started investing in real estate in December 2018, using creative financing methods.

*Brandon emphasizes the importance of education, having set up 529 plans for his children.

*He self-manages his 24 rental properties with the help of his wife and technology.

*Brandon's first rental property was just 200 yards from his home, which eased his nerves.

*He believes in the value of sweat equity and often does repairs himself.

*Brandon aims for $25,000 a month in passive cash flow from his properties.

*He maintains a good relationship with his banker to navigate interest rates.

*Brandon's journey highlights the importance of following one's gut instincts in business.

*He encourages others to work hard and stay focused on their goals.

Sponsored by:

Shopify.com/unveiled

Magic Mind

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Today's interview features the Loonie Doctor, a Canadian physician who blogs at https://www.looniedoctor.ca/. He discusses his investment allocation (and why he's chosen that allocation), why doctors are notoriously bad with money, how investment vehicles in Canada differ from those in the US, his experience with financial advisors, and why it's important to keep learning and trying new things.

Marvin and his wife have been married for about 15 years and have no children. Their current net worth is just over one million dollars, 785K of which is invested in retirement accounts; He also has 30K in home equity. Marvin shares his background which includes joining the military at the age of 17, working in learning and development, and adventure/travel. He also shares advice and insight about paying off personal debt, buying a timeshare, balancing two careers, and more.

Today's show features Tiffany, with a current net worth of 1.7 million. We discuss all things personal finance including her investment allocation which includes both money in the equity markets and five single family rentals. She talks about finding and managing those rentals, the 3K in net monthly cash flow, and how she got started in real estate. Tiffany shares her insight on goal setting and how that has been one driver of her success. She has a terrific story, mindset, and attitude!

Melissa has a current net worth of 2M, and recently retired at the age of 49. She never married and has no kids and offered an incredible perspective and advice for women. 60% of her net worth is in real estate which is about 1.1M in real estate equity across five properties. Beyond real estate, she has 25% of her net worth in her 401(k). Melissa also talked about her upbringing, real estate advice and mistakes, living abroad for her career, and whether money brings her happiness. 

Jennifer is 31 with a current net worth of 1.8M. Of that amount, 1.5M is real estate, composed mostly of duplexes and triplexes. She started her career in real estate development and now has 18 total units. She talks about her investing strategies and unveils why she prefers duplexes over larger multifamily properties. Jennifer is heavily focused on cash flow, and currently nets about 9K each month from these properties. She provides great advice on playing to win vs. playing not to lose. 

Summary

Ryan and Haley, a married couple in the entertainment industry, share their journey to becoming millionaires. They met at work and have been working in video production and editing. They currently have a net worth of just over $1 million, with the majority of their investments in retirement accounts and a brokerage account. They have also recently purchased land and have equity in their primary home.

They have been contributing to Roth IRAs since their 20s and have seen significant growth in their investments. They plan to continue contributing to their 401ks and brokerage account, and they also have an HSA. Their goal is to reach a net worth of around $3-3.5 million and retire early. 

Ryan and Haley share their financial journey and mindset, highlighting their frugal habits and focus on experiences over material possessions. They discuss the influence of their parents on their financial habits and the importance of having a partner with similar financial values. They also talk about their most expensive purchases, trips, and meals, as well as their changing financial habits as they strive to reach their goals.

Takeaways

*Meeting at work and pursuing careers in the entertainment industry
*Significant growth in investments through Roth IRAs and retirement accounts
*Diversifying investments with a brokerage account and HSA
*Goal of reaching a net worth of $3-3.5 million and retiring early Having a partner with similar financial values can make a big difference in achieving financial goals.
*Experiences and relationships are more important than material possessions.
*Hard work and a focus on goals can lead to financial success.
*It's important to be mindful of spending habits and avoid wasting money on unnecessary purchases.
*Investing early and consistently can have a significant impact on long-term financial growth.

Keywords

millionaires, entertainment industry, video production, editing, net worth, investments, retirement accounts, Roth IRAs, growth, 401ks, brokerage account, HSA, early retirement, financial journey, frugal habits, experiences over possessions, parental influence, partner with similar values, expensive purchases, expensive trips, changing financial habits

Mark has a current net worth of 1.5 million. He's invested primarily in the stock market but also has a self storage investment, his primary residence, real estate, and a 529 plan. He's tracked his net worth consistently for the last 18 years. Mark also wrote a book titled, "Dad's Little Book of Wisdom: A Guide for Young Professionals to Achieve More, Earn More, and Live a Good Life" (https://amzn.to/3haoLpQ). He shares details on his career and how faith has played an important role in his journey.

Damion Lupo, an entrepreneur, author, and real estate investor shares his story of reaching a net worth of $20 million before losing it all in the 2008 financial crisis. Damion talks about how he rebounded from the loss and now has a goal to free one million people from financial bondage. We also discuss mastering goals and having a purpose, the psychology of success, building confidence, and the importance of mentors and masterminds.

Summary

Dan is 73 and has a net worth of $37 million. Most of it is in private equity including his business but does have some cash, some investements in the market and some real estate. He shares his background growing up in a large family where all of his siblings became millionaires and how his father's work ethic influenced his success. He went on to become a Navy pilot and later started his own companies. He experienced both successes and challenges, including a recession that led to the loss of his business. He then shifted his focus to investing in private companies, including PlantSnap, an app for plant recognition. The app has seen significant growth and is valued at five times its 12-month sales. Dan shares his journey of building a successful scaffold company and making smart investments. He took in $4 million in outside capital when his company was already successful, allowing him to expand and grow even more. Eventually, he bought back the company from the investors for a fraction of its value. Dan emphasizes the importance of focusing on profitability and maximizing distribution to investors. He has diversified his investments and built a family office with his siblings. Dan plans to retire and is preparing for his ultimate exit by saving and investing in other companies.

Sound Bites

"My dad never earned over minimum wage. He always had side hustles... His motto was, a job worth doing is worth doing well."
"I started my first company manufacturing a housewares product... On the third day, they hired me as an engineering specialist."
"I bought the scaffold company and that was 36 years ago. And I'm still involved with that company."
"Wow, that's amazing."
"We'll take your company from $15 million to many times that."
"You bought your company back for pennies on the dollar."

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Adam has a net worth of 7M, the bulk (5M+) of which is in retirement (1.5M+) and non-retirement (3.5M) accounts invested in the stock market. We discuss his entire allocation as well as his previous vs. current stock vs. bond split. He has a primary home worth about 1.5M and his first million came at age 32. Adam also shares his plans for the future, whether he budgets, how much cash he holds and why, and whether he ever thought he'd reach this level of net worth. 

Lane has a net worth north of $10 million. 90% of it is in real estate. He is in his late 30's He started his career as a civil/industrial engineer and then started buying rental properties in 2009. By 2015 he had 11 units while maintaining his engineering career. He started investing in syndications then became a sponsor himself and now has been a part of over $2 Billion worth of real estate. 

Anmol is an immigrant and has a net worth of $5 million. Most of it is in the market (About 70%) and most of the remainder in real estate. He is in his early/mid 30's. He became a millionaire in his 20's and it only took him a little over a year to get his 2nd million. He is a trader by profession. 

Today's guest, Jaime Masters, is a business coach and hosts the popular podcast, "Eventual Millionaire" where she interviews millionaire business owners. We discuss numerous topics including how to allocate money between one's business and other investments, finding success in the journey, the role of coaches and masterminds, and when to make new hires and the process of doing so. Check out the free resources mentioned at https://eventualmillionaire.com/jace/

Today's show features Chris, an NYC public firefighter. He shares insight into his portfolio allocation, side businesses, and investing mindset. He discusses his career as a firefighter and what one can expect to make in the career. He shares that he and his family have a 50% savings rate and spend 120K annually. Chris also talks about learning from one's mistakes and if/when ge plans to use a financial advisor in the future.

Rachel Cruze is the author of several books including her new book, "Know Yourself, Know Your Money: Discover WHY You Handle Money the Way You Do, and WHAT to Do about It!" We discuss money habits and how to change them for the better, teaching kids about money, work/life balance for a working mother, and what it was like to grow up as the daughter of Dave Ramsey. Check out Rachel's new book (https://amzn.to/3sR6umb) and send an email to millionairesunveiled@gmail.com to enter the giveaway.

KT has a current net worth of 1.9M. He's 51 years old with the goal to retire in four years, at age 55. He was almost a millionaire, and then inherited one million dollars from his father. KT discusses the inheritance, gives advice for those who receive one, and talks about the art of saying no. He's invested in numerous different real estate deals, has 250K in home equity, and holds up to almost 15% of his net worth in cash. 

Jerry is in his early 30's and has a net worth of $2 million. He invests mainly in alternative asset classes like real estate notes, gold/silver, ect. He used to be a traditional financial advisor but now runs his own business in the financial advisory space and does not own a home or a car and prefers to rent and use Uber. 

Nate is a real estate investor, business/life coach, and dad. We discuss his career history and progression, as well as how he started investing in real estate. He shares details about his first deal and some of the struggles and success from the purchase. Nate talks about his 15K of passive income monthly from real estate as well as what he's teaching now to the clients whom he coaches. Check out his website at http://www.natebaileyspeaks.com/.

Steve, an entrepreneur in his young thirties, recently received a payout from his tech company. Besides his $200K in cash holdings, he also has $500K in home equity, $200K in the market, and an additional $200K in business equity. Of the money invested in the market, over 50% is invested in the S&P. He discusses his career path in technology and computer science, how equity in a new business works, and concludes with terrific advice on balancing one's career and family. 

Travis has a net worth of $2.7 million, of which $1.6 million is in real estate equity. He currently owns about 20 units which generate about 10K of monthly cash flow. He's 40 years old, and also holds about 550K in his 401(k). Travis shares his thinking on why tracking and building cash flow is more important than just a higher net worth. He also talks about his financial advisor and why that relationship is valued. 

Email us at - millionairesunveiled@gmail.com

Website - www.millionairesunveiled.com

Twitter - @Mill_Unveiled

Justin has a net worth of $1.9M. He took various teaching jobs before finding a career as a famous voice over artist. He is a jack of all trades and we discuss his journey to get to where he is today both professionally and financially. 

Rick is a Canadian marketing manager with a net worth of 1.2M. He is married with two kids and has worked for the same company for 15 years. He holds 550K in a paid for house, about 350K in investments, and nearly 250K in his employee pension fund. Of the 350K, 90% are held in equity securities and 10% in bonds. He further breaks out his investments between US, Canadian, and international holdings. He unveils his investing philosophy and financial mistakes. 

Adam has a net worth of 1.4M which is broken out being equity investments in both retirement and non-retirement accounts, education savings accounts, home equity, cash, and crypto. He works in commercial real estate (bank lending), but owns no real estate himself. We discuss the fire movement, budgeting, Dave Ramsey, expensive cars, and how he saves 40% of his gross income. 

David Stein, podcast host and author of the podcast/book titled, "Money for the Rest of Us" joins us for today's interview. We discuss David's background as an institutional investor and money manager, his asset allocation, and his thoughts on what return one should plan for in the future. He also shares advice on cash flow, portfolio allocation, real estate, and risk. Check out his new book at https://amzn.to/341qLt4 and his website at https://moneyfortherestofus.com/.

Taylor is a financial adviser and small business investor. He has opened/invested in an insurance company, consulting practice, and a healthcare provider. He discusses his portfolio allocation including the criteria used to invest in small businesses; he doesn't own any index or mutual funds. He also provides terrific advice on how to work with one's spouse on money and how being on the same page with investments and spending is essential. 

Michelle has a net worth of $1.7 million mostly in real estate investments with a bit in the market. She currently has 13 doors and one syndication. She is in her early 30's. She is a realtor, a gardener and enjoys pole dancing. Her husband is a stay at home dad after being in the military for several years.

This episode is unique in the sense that there are two guests; Stu and Jimmy, a father and son respectively, who discuss their personal and financial journeys. Stu has a net worth of 1.3M while his son has a net worth of about 300K. They discuss their mindset and attitude about money, the importance of life insurance, being on the same page as one's spouse, and the value of hard work. Stu and Jimmy also share general advice, what they've learned from each other, and their advice for teaching kids about money.

Tom Wheelwright, CPA is best known for making taxes fun and understandable. He specializes in helping entrepreneurs and investors build wealth through permanently reducing taxes. We discuss the new tax law including issues of divorce and alimony, real estate depreciation, car depreciation, business structuring, and how involved one should be with their own taxes. Check out his recent book "Tax Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes."

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Doc G has a current net worth around $10 million. This is all in the stock market now and his primary residence. He sold all of his real estate in the past couple of years and wrote a book. We discuss his journey into retirement from being a full time physician and what his life and outlook is like now. 

Kyle has a current net worth of $1.0 million. This is split between his primary residence, cash, retirement accounts and his business. He is in his late 20's and owns his own heavy equipment business. He is a hobby pilot and loves everything and anything that flies. We discuss his desire to buy an airplane, his mindset on thinking about the future but living today as well as his journey through several odd jobs when he was first starting out. 

Today's guest, Randy, has a net worth of 1.6M. Of his nearly one million dollars in market investments, 20% is invested in single stocks including Tesla, Apple, and Amazon. 50% of his stock investments are in VTSAX. He also has one rental property which breaks even. He's in his late 40's and share the importance of continual education and creating a plan for one's life. 

Email us at - millionairesunveiled@gmail.com

Website - www.millionairesunveiled.com

Twitter - @Mill_Unveiled

Jack, with a current net worth of nearly $15 million is a land and real estate investor. He is an immigrant from Germany who started with nothing but student loan debt. He took a low paying job out of college and eventually started buying land. Jack has numerous single family rentals and shares how to best manage both single and multifamily investments. He shares his mistakes, advice, and strategies on investing. Find out more about him at https://www.jackbosch.com/.

Dom has a current net worth of $8.0 million. He is in his mid 30's and is a returning guest. He was on episode 80 in 2019 when his net worth was $1.1 million. He left his c-suite job and started a business and we discuss this process and scaling it quickly and selling a significant portio of it in under 3 years. 

J. Money from the popular blog, Budgets Are Sexy, is the guest on today's episode. He shares his net worth and portfolio allocation which primarily consists of investments in VTSAX, the Vanguard Total Stock Market Index. We discuss the FIRE movement, money and happiness/fulfillment, how much one spends in retirement, and the range of his household income. Check out his blog at https://www.budgetsaresexy.com/.

Jeff, the wealthy custodian, has worked at the same school district for over 30 years. His max salary was 47K, and he has a net worth of over 1M which excludes his pension of over several hundred thousand. He is 55 years old and discusses all things portfolio allocation, the value of one's time, and the joy of simple living. Jeff also shared advice on creating assets that cash flow, why material items and money don't define you, and the importance of consistent investing and taking chances when opportunities arise. This is the second interview with Jeff, the first, which discusses more of his background and story was released as episode 47.

Rich, with a current net worth of about $2.2M, is currently living abroad as an officer in the military. He has a portfolio of 20 single family rental homes. He currently makes about $100K a year in passive income from his rentals. Each home is worth about $80K and was often purchased for much less. Rich considers himself part of the FIRE community, specifically fatFIRE. He discusses how he built his real estate portfolio and how he manages them from abroad. 

Summary

Josh is a newly minted millionaire with a net worth of $1.05 million. He shares his journey from the Marine Corps to working in finance and investing. He discusses his background, his financial milestones, and his evolving investment strategy. Josh emphasizes the importance of financial freedom and the need to constantly evolve and adapt in the world of investing. He also shares his perspective on wealth and the value of time. Josh's story highlights the power of perseverance, self-education, and taking calculated risks.

Takeaways

• Financial freedom is a powerful motivator and can lead to a fulfilling and successful career in finance and investing.
• Taking calculated risks and constantly evolving your investment strategy can lead to significant financial growth.
• Wealth is relative, and it's important to define your own financial goals and priorities.
• Money is a tool that should be used to create freedom and enjoyment in life, rather than being possessed by it.
• Integrity and genuine relationships are key to success in both personal and financial endeavors.

Roger is a former banker, saleman and stay at home dad. He is in his late 60's. Most of his wealth has come since he was in his late 50's until now. He has a current net worth of $7.2 million. 

~25% is in Notes.  

~75% in equity in Real Estate. 

35k monthly income with ~23k a month from real estate and ~12k from notes

He also has 25k cash, 25k in T bills, 46k in a HSA. 

We discuss IRS tax audit, his unique approach to renting to tenants and generational wealth amongst other topics.

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