125: Net Worth of 1.1M - Budgets Are Sexy with J. Money

Millionaires Unveiled

Jace Mattinson

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

4.8 • 872 Ratings

🗓️ 16 March 2020

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

J. Money from the popular blog, Budgets Are Sexy, is the guest on today's episode. He shares his net worth and portfolio allocation which primarily consists of investments in VTSAX, the Vanguard Total Stock Market Index. We discuss the FIRE movement, money and happiness/fulfillment, how much one spends in retirement, and the range of his household income. Check out his blog at https://www.budgetsaresexy.com/.

Transcript

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0:00.0	Once I would say around 400,000 of net worth my lifestyle and feelings didn't really change that much that was like the peak where I was like wow I feel stable now I feel good I feel like this will compound over time. I don't have to worry as much and I don't have to do things just for money. But so many of my friends are still hustling and it just doesn't stop and I ask him, I say like, like great like you're a millionaire and you have all this growing business like what's next like oh I'm going to double my business or I want to speak here and I'm like awesome like you do that then like what's next it's never an end It's just they just want more and more and more and more
0:35.9	which I appreciate the hustle but at some point it's like what is enough?
0:41.4	You're listening to the Millionaires Unvealed Podcast, where you'll hear the stories and interviews of everyday millionaires.
0:49.0	We'll unveil their decisions, their strategies, and their current portfolio. unveiled their
0:54.1	decisions, their strategies, and their current portfolio allocation.
0:56.5	Now to your hosts, Clark Sheffield and Jace Mattsonson.
1:02.0	All righty, welcome back to another episode of the Millionaires Unveiled Podcast.
1:05.0	This is episode number 125.
1:08.0	Chase, what's going on?
1:09.0	How are you?
1:10.0	Doing great.
1:11.0	How you doing?
1:12.0	Doing well. We just had two interviews tonight, tonight. That was fun kind of talking to anyway, big drop in the market because of this Corona stuff, so it's kind of been interesting to ask some of these millionaires, what are they doing now?
1:28.0	And the guy we interviewed tonight had about $800,000 on the sideline.
1:32.0	So interesting to see what he was doing and not really a big equity market guy,
1:36.4	but being a little tempted, I think, right, when it's down 20%ish.
1:39.9	Yeah, creates an interesting opportunity,
1:42.2	especially those that are, you know, either young or have some time ahead of them to invest, you know, it'll be interesting to see what happens in the next probably two weeks or three weeks here.
1:53.4	I think this can be pretty critical
1:54.8	as we kind of move into the springtime,
1:57.0	see what happens with a bunch of the countries
2:00.1	that have been significantly impacted from Corona.
	...

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