4.8 • 872 Ratings
🗓️ 13 April 2020
⏱️ 47 minutes
🧾️ Download transcript
Michael is a 30-year-old cyber security expert with a net worth of 700K. He has been very successful and even paid off 150K in student loans. He shares his investment allocation which is nearly 50% in his Roth account and 85% in equities. Michael also discusses how he was able to grow his income so quickly and accelerate his career. He gives away 15-20% of his money, pays a regular tithe, and will soon be a millionaire!
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0:15.8 | If I could impart anything to your listeners, it's don't fear the market. Yes, for the next 10 to 15 years, we could have a very difficult time. We could have a position where we have negative returns or very low returns. Don't stress and worry about the future. |
0:17.9 | One part of my story is that I had anxiety and stress about my work, my line of work, many hours that I worked, and also just thinking about the future as soon as I started to realize, hey, I have these goals and I don't want to save towards them. |
0:32.0 | I started to get in a position where I didn't have a growth mindset. |
0:36.0 | I got to a place where I hit a wall and I wasn't saying, hey, I can climb this wall or there's a way around this and a big part of my ethos now is |
0:45.3 | didn't sure that I'm taking care of myself and putting my family first I'm getting enough |
0:49.6 | rest of getting enough exercise and that I'm always in a position where I can say I can be smarter I can learn this I can achieve this and I'm willing to do that and and willing to invest in others. |
1:07.8 | You're listening to the Millionaires Unvealed Podcast, where you'll hear the stories and interviews of everyday millionaires. |
1:10.8 | We'll unveil their decisions, their strategies, and their current portfolio allocation. |
1:17.0 | Now to your hosts, Clark Sheffield and Jace Matinsen. |
1:22.0 | Welcome back to another episode of the Millionaires Unveiled Podcast. |
1:25.0 | This is episode number 129. |
1:28.0 | Jace, what's going on? |
1:30.0 | How are you? |
1:31.0 | Doing great man. How you doing? |
1:32.0 | Doing good, hanging in there. It's been really nice weather-wise out here so it's been able to get outside a little bit. |
1:38.0 | In Austin you don't have to worry about that so much but it stinks to be locked in all day and not be able to get out. |
1:43.0 | Yeah totally you've even grown a mustache as part of this whole coronavirus. |
1:47.2 | I know I was growing a little beard and then I came out. |
1:50.0 | I shaved everything off except the mustache as a joke and I came out and my wife screamed. |
1:55.8 | So we'll see. I'm gonna shave it off here in the next couple days. I don't love it, but it's fun. |
2:00.8 | What else have you been doing in your routine? It's kind of been weird, right right I've noticed it in mind that your your routine kind of gets out of whack and if you don't make a conscious effort to change it or update it or really be on top of it things kind of get a little out of control a little bit. |
2:14.7 | I kind of took this opportunity granted work, you know, I spend most of my time in essential businesses. |
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