140: Net Worth of 2.2M - Airline Pilot Who Didn't Make 100K Until Age 46

Millionaires Unveiled

Jace Mattinson

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

4.8 • 872 Ratings

🗓️ 29 June 2020

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

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Summary

John is an airline pilot for a major airline and has a current net worth of 2.2M. On average, he made just 18K in his twenties, 50K in his 30's, and 90-100K on average in his 40's. He became a millionaire at the age of 46 - the same age he first made 100K. 73% of his 401K and Roth holdings are in single stocks while the remainder are in mutual and index funds. He discusses the cost of flight school, the benefits of being a pilot, and how he has shifted his mindset to increase his spending.

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Transcript

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0:00.0	I was
0:02.0	always drove cars that were worth probably less than a thousand bucks.
0:04.0	I mean, I drove beaters until just last year.
0:06.0	When I was 48, I finally bought myself a used
0:09.0	24,000-dollar car.
0:10.0	But I was driving carpooling kids in my old minivan. I mean the liner on the ceiling would be hanging down.
0:15.6	We must have had like 30 or 40 like little safety pins holding that thing up. It smelled bad. It had dents in it.
0:20.5	It was just faded. My kids are just mortified that I had to drive all these kids
0:24.8	around from school, the dance studios, and this and that.
0:28.7	You're listening to the Millionaires Unveiled Podcast, where you'll hear the stories and interviews of The and their current portfolio allocation.
0:43.7	Now to your hosts, Clark Sheffield and Jace Matinson.
0:48.3	Alrighty, welcome back to another episode of the Millionaires Unveiled Podcast.
0:51.8	This is episode number 140.
0:54.8	Jace what's going on man how are you?
0:56.8	Not a lot doing great just got done with little workout you know just reading the news
1:00.7	checking up on things looking at what I got ready for the week
1:04.5	coming up here and kind of we're hitting full stride into the summer what about y'all?
1:08.1	Yeah what'd you do for your workout? Peloton? No I know I did some cross fit tonight. Okay nice I just went on a run. It's amazing how much better you start feeling when you consistently do it, you know?
1:18.0	Two three times a week you don't you don't fill it as much but four or five or six times to start it starts making a big difference more energy at work we got to get you on
1:26.8	engaged on strava still though still pushing Let's see what this thing's called.
1:33.6	Run Tracker.
1:34.6	No, we got to get you uploading that all to Strava.
	...

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