meta_pixel
Tapesearch Logo
Log in
Millionaires Unveiled

108: Net Worth of 350K - Military Millionaire in the Making

Millionaires Unveiled

Jace Mattinson

Investing, Millionaire, Financialplanning, Business, Self-improvement, Education, Finance

4.8872 Ratings

🗓️ 18 November 2019

⏱️ 38 minutes

🧾️ Download transcript

Summary

David has a current net worth of 350K. His asset allocation is 50K in retirement accounts, 250K in real estate, and 50K in cash and index funds. We discuss his financial journey and real estate investments which include house-hacking, duplexes, multifamily housing, single family housing, Airbnb, and land. David also gives advice unique to those serving in the military such as VA loans and housing allowances. Check out his blog at https://www.frommilitarytomillionaire.com/.

Transcript

Click on a timestamp to play from that location

0:00.0

So my five-year goal, the statements were just just we're just talking for my real estate

0:05.5

empire here is I have a net worth of over two million dollars. I generate five thousand dollars

0:10.5

a month from real estate investments. I own and operate 50 units and I'm a limited partner in another 100 and syndications.

0:17.0

I operate this entire business in less than five hours a month.

0:20.0

You're listening to the Millionaires Unvealed Podcast, where you'll hear the stories and

0:26.6

interviews of everyday millionaires. We'll unveil their decisions, their strategies, and their current portfolio allocation.

0:36.0

Now to your hosts, Clark Sheffield and Jace Matinsen.

0:40.0

Hello and welcome back to in.

0:43.0

Hello and welcome back to another episode of the Millionaires Unveiled Podcast

0:47.0

where we tell the stories and strategies of everyday millionaires and unveil their current portfolio allocations.

0:53.0

This is episode 108.

0:55.0

Clark, how you doing today?

0:56.0

Good, how are you?

0:57.0

Actually, I'm doing good, but you're doing better because you're expecting number two here.

1:01.0

That's right, I'm going to have a baby here any any minute, hopefully. You know, I was free in this article this week actually. It's pretty interesting. So back in the day, Michael Jordan earned roughly $90 million in his playing career.

1:15.6

That's not from endorsements, that's just from from MBA salary.

1:19.0

Zion Williamson, who's the next big star right now has already earned $95 million and he hasn't even played a game

1:27.1

yet that's between his endorsements and and playing salary but just goes to show know, you start thinking about inflation, you start thinking,

1:35.4

you know, obviously the NBA has salary cap and everything else, but, you know, as we discussed

1:40.0

with these millionaires about how they think about money and how they invest and stuff.

1:44.0

It just goes to show like, man, you really got to stay ahead of the game in inflation.

1:48.0

Really got to kind of put inflation into your calculations, you know?

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Jace Mattinson, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Jace Mattinson and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.