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Millionaires Unveiled

117: Net Worth of 1.4M - Quit Like a Millionaire, Millenial Revolution

Millionaires Unveiled

Jace Mattinson

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

4.8872 Ratings

🗓️ 20 January 2020

⏱️ 44 minutes

🧾️ Download transcript

Summary

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

Transcript

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0:00.0

I just want to add that there's a lot of fear for when people want to talk about

0:04.8

financial independence about running out of money but the thing that they should also

0:07.7

worry about is running out of life because I have actually seen my coworker almost

0:11.5

collapsed from stress and die at his desk.

0:13.8

So you could always be like there's a million things that could go wrong, what if I need to budget

0:19.5

for every single scenario that under the sun that could go wrong. Or you could be more flexible, think about how much you actually need to live comfortably, and you could even pick up a side hustle or two and that significantly reduces the amount of money you need to retire.

0:34.6

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

0:42.0

millionaires. We'll unveil their decisions,

0:45.0

their strategies, and their current portfolio allocation.

0:50.0

Now to your hosts,

0:51.0

Clark Sheffield and Jace Mattson.

0:54.0

All righty, welcome back to another episode of the Millionaires Unvealed

0:59.0

Podcast. This is episode number 117.

1:02.8

Jace what's going on how are you doing great man how you doing good

1:06.3

I was gonna tell you when we talked about that Bill Gates documentary at Netflix

1:10.6

a few weeks ago we had a couple people ride in and I recently

1:13.2

watched I don't know if you've heard of this one but I recently watched on the

1:15.5

airplane home a movie called Brian Banks have you heard about that I have not

1:19.9

so that's another one to check out throwing it out there as a as a recommendation. It's about a guy who was wrongly imprisoned on a rape charge and worked with the California Innocence Project which is just a not-for-profit law firm that kind of helped fight his cause.

1:35.3

And before all this happened, he was a five-star recruit to USC and was projected to be a star in the NFL,

1:42.2

and then this happened, and so it's kind of his journey

1:44.2

into this false accusation his journey out but really a motivating humbling

...

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