4.8 • 872 Ratings
🗓️ 9 March 2020
⏱️ 39 minutes
🧾️ Download transcript
John immigrated from India to the U.S. with only $1,000. He shares his story of working his first job to building a net worth of over 2.3 million. He lives in a high cost of living area and shares his asset allocation which consists of 1MM in real estate, 300K in a 401(k), 200K in a Roth, 400K in taxable accounts and the remainder in other investments including lawsuit settlements. John also shares how he's been able to manage his career and raise his income from 40K to over 200K annually.
Check out his blog at https://financialfreedomcountdown.com/
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0:00.0 | I remember when I moved to Silicon Valley there was a particular incident where my |
0:05.4 | VP mentioned to me that her sister is not well and she wanted to go and my VP is |
0:09.9 | around 70 years old and I thought oh she might go and visit her sister and |
0:13.1 | asked her when are you going to visit and she's like oh I can't go there's a product |
0:16.2 | launch coming up and then one week later I remember we were all in a meeting she got a |
0:20.5 | phone call she stepped out of the room she and then she I met her later in the day she told me that a sister passed away so |
0:27.8 | that actually struck me like a bolt of lightning and then I realize that someone is earning more than three times more than me is almost like a great slave and still not able to spend time with a loud one. |
0:38.5 | So I think that's when I decided to pursue financial independence. You're listening to the Millionaires Unvealed Podcast, where you'll hear the stories and interviews of everyday |
0:49.9 | millionaires. |
0:51.5 | We'll unveil their decisions, their strategies, and their current portfolio |
0:56.7 | allocation. Now to your hosts, Clark Sheffield and Jace Matinson. |
1:02.0 | Welcome back to another episode of the Millionaires in Velve Podcast. |
1:05.0 | This is episode number 124. |
1:07.0 | Clark, how's it going man? |
1:10.0 | Good, good, how are you doing? |
1:11.0 | You doing great. |
1:12.0 | You know, it's been a crazy couple, I guess, week here, week and a half with the markets, you know, with the coronavirus, the market taking a plunge, and then, you know, having a little rebound to start the week it's kind of crazy totally you know as |
1:24.8 | funny as we were as I was kind of going through and I didn't miss last week's podcast we |
1:28.3 | edited that after the first day that there was a 3% drop or 3.5% drop right? |
1:33.7 | Yeah. |
1:34.4 | And then it was like five straight days or four straight days of that, whatever, |
1:37.6 | and it went down 11, 12, 13%, whatever it was total. |
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