141: Net Worth of 500K - Being Broke is a Choice, Eight Single Family Rentals
Millionaires Unveiled
Jace Mattinson
4.8 • 872 Ratings
🗓️ 6 July 2020
⏱️ 47 minutes
🧾️ Download transcript
Summary
Alex has a current net worth of 500K and owns eight single family rentals and one multifamily investment property. He didn't start saving and investing until he was about 30 years old. Alex shares the details of his real estate deals including the strategy behind his single family rentals. He discusses the value of passive income, real estate vs. equity investments, and provides investing advice. Check out his blog at www.brokeisachoice.com
Email us at - [email protected]
Website - www.millionairesunveiled.com
Twitter - @Mill_Unveiled
Transcript
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| 0:00.0 | No, I was a financial train wreck until I was about 31. And by train wreck I mean, you know, like most people had a cool car all debt, no money, and had no idea that that's not a good plan for success. |
| 0:12.0 | I was making poor financial decisions and they started |
| 0:14.3 | coming to a head, right? Where it's like, ugh, you need, I need money now and I'm, you know, after all, I just get sick of being |
| 0:19.7 | broke. That's my website. My website's called Broke as a choice. Because was like dude I'm broke all the time living week to week like so many people and it was only because I was making lousy decisions |
| 0:30.0 | That's it and so you get sick of minutes like it's like one day you just I I start going the gym every day. Like I'm just |
| 0:34.6 | take a look in this way. You know, you just get sick of it. |
| 0:38.0 | You're listening to the Millionaires Unvealed Podcast, where you'll hear the stories and interviews of everyday |
| 0:45.7 | millionaires. |
| 0:46.7 | We'll unveil their decisions, their strategies, and their current portfolio allocation. |
| 0:54.0 | Now to your hosts, Clark Sheffield and Jace Matinson. |
| 0:58.0 | Welcome back to another episode of the Millionaires Unveilled Podcast. This is episode |
| 1:06.0 | number 141. Clark, how's it going? What's going on in your world? |
| 1:09.2 | Good, how are you? Nothing much. I mean, I guess yesterday, yesterday, right? Or two two days ago we interviewed Chris Hogan again so Chris was on the show a year and a half ago or so right January of 19 I believe |
| 1:19.6 | Yep. So anyway we'll have a guest interview with him coming up. |
| 1:23.2 | It was pretty interesting, shorter episode right about half hour or so, but he's given away |
| 1:28.0 | three copies of his books, two everyday millionaire copies, and one retire inspired. |
| 1:32.3 | So we'll probably launch that interview in the next little bit. |
| 1:35.1 | So look out for that giveaway and an interesting interview where we asked him specifically |
| 1:39.7 | about debt and real estate, right? |
| 1:41.4 | If you listen to Dave Ramsey, you know obviously he's against |
| 1:43.5 | debt and if you buy property he says to do so in cash. So we asked him about that and also his buckets of mutual funds, |
| 1:50.4 | the growth, aggressive growth, growth and income, and international. |
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