122: Net Worth of 1M+ - 59 Years Old and Retired for 18 Years

Millionaires Unveiled

Jace Mattinson

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

4.8 • 872 Ratings

🗓️ 24 February 2020

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today's interview features Nords, who is retired from the Navy after a 30 year career. He has been retired for 18 years. We discuss numerous topics including when to convert a traditional IRA to a Roth, military pensions, travel hacking, and financial independence. Nords currently lives in Hawaii and shares ideas about philanthropic causes and how to teach your kids about money.

Sponsor: www.startfromzero.com/millionaire

Transcript

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0:00.0	Well, if you read Yahoo Finance or CNBC or The Guardian, they're always, the media is always
0:07.1	popularizing the frugal millionaires, you know, they're recycling their toilet paper,
0:12.0	they're dumpster diving for their food, they're doing
0:14.9	extraordinary things with dental loss to get to financial independence. And it gives the average reader the impression that if you want to be financially independent that you have to sacrifice your entire lifestyle for some incredible number of years before you reach financial independence and then by then you're old you might be
0:33.5	financial independence but you aren't young enough or don't have enough energy
0:37.4	left to enjoy your life anymore and of course that's not true.
0:42.2	You're listening to the millionaireaires Unvealed Podcast,
0:45.0	where you'll hear the stories and interviews of everyday millionaires.
0:50.0	We'll unveil their decisions, their strategies, and their current portfolio allocation.
0:57.0	Now to your hosts, Clark Sheffield and J. Smatinson.
1:02.0	Welcome back to another episode of the Millionaires Unvelled Podcast.
1:05.6	This is episode number 122.
1:08.2	Clark, how's it going?
1:09.2	What's going on?
1:10.2	Good, doing well.
1:11.2	What's up with you?
1:12.2	How much? Just getting right, I got a couple trips here planned and at the end of the month. So, uh...
1:17.0	We're going to London in the spring. You guys are going to where? South America's.
1:21.0	Yeah, we got way too much travel this spring.
1:24.0	We got all sorts of trips.
1:25.0	Work, non-work, and then, yeah, we're taking off together for a little trip down to Central America for a few days.
1:33.0	So excited about that coming up,
	...

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