4.8 • 872 Ratings
🗓️ 28 October 2019
⏱️ 42 minutes
🧾️ Download transcript
Sherry, a STEM (Science, Technology, Engineering, and Mathematics) consultant paid off 60K of student loan debt in 18 months. She also worked tirelessly to increase her income from 60K to 250K annually. She saves an average of 50-60K each year. Sherry's parents won the lottery when she was young, and she discusses the decisions her parents made with the money and how it affected her life. She also shares her portfolio allocation, mistakes made, and the advice she'd give someone in her similar situation.
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0:00.0 | I will |
0:02.0 | I quit my job Friday 5 p.m. and I shut down my laptop I thought what the heck have I done? |
0:07.0 | I'm in debt. I'm still like $20,000 in debt. I have no savings to speak of because I threw everything into my debt, |
0:16.3 | like literally pennies. I would find pennies on the ground and I would send it into |
0:19.9 | my debt and I had no money. I had maybe $2,000 in savings. |
0:25.0 | You're listening to the Millionaires Unveiled Podcast |
0:29.0 | where you'll hear the stories and interviews of everyday millionaires. |
0:34.4 | We'll unveil their decisions, their strategies, |
0:38.1 | and their current portfolio allocation. |
0:41.2 | Now to your hosts, Clark Sheffield and J. |
0:44.3 | Matinson. |
0:45.3 | All right, hello and welcome back to another episode of the Millionaires |
0:50.7 | Unveiled Podcast where we tell the stories and strategies of |
0:53.5 | everyday millionaires and unveil their current portfolio allocations. I am Jace here |
0:58.6 | alongside my co-host Clark and this is episode 105. On last week's show he had Mark, he had a net worth around 3 million. |
1:05.0 | 1.4 of that is in 7 rental properties. |
1:08.0 | He had about 900,000 in retirement accounts and the rest was in the primary residence, all of which was paid for. |
1:15.2 | He has no debt in his life whatsoever. |
1:17.7 | So we dive into his story, how he got his rental snowball started. |
1:21.4 | He's recently retired and we discussed what he's doing with his time now. |
1:25.0 | A really terrific story one point at one point earlier in his life he called |
1:30.3 | eating at McDonald's a luxury. So truly amazing how he was able to turn around his financial story. |
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