meta_pixel
Tapesearch Logo
Log in
Millionaires Unveiled

147: Net Worth of 1.0M - "Don't Buy More House than You can Afford"

Millionaires Unveiled

Jace Mattinson

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

4.8872 Ratings

🗓️ 17 August 2020

⏱️ 44 minutes

🧾️ Download transcript

Summary

Today's guest, Doug has a net worth of about one million dollars. He started his financial journey with Dave Ramsey and is diversified between the stock market, HSA, real estate, and an employee stock ownership plan (ESOP). We discuss his ESOP plan and how it works as well as his decision to start investing in real estate. Doug shares details on his portfolio allocation as well as details behind his first real estate deal. He currently owns and self manages 11 units.

Email us at - [email protected]

Website - www.millionairesunveiled.com

Twitter - @Mill_Unveiled

Transcript

Click on a timestamp to play from that location

0:00.0

I was kind of a part of the Dave Ramsey approach early on and they just like you know

0:04.5

invest in growth stock mutual funds and I'm looking around I'm like there's 10,000 mutual

0:09.4

funds in America. You know don't I supposed to pick one?

0:13.2

You know, don't buy more house than you can afford,

0:15.8

which is what I did in the beginning.

0:17.4

And then it was, you know, the market collapsed and all that.

0:19.8

I mean, if possible, if you can handle it, I would recommend anybody to house hack a multi-unit and don't buy an expensive car.

0:29.6

You're listening to the Millionaires Unvealed Podcast,

0:32.8

where you'll hear the stories and interviews of everyday millionaires.

0:37.5

We'll unveil their decisions, their strategies,

0:41.2

and their current portfolio allocation.

0:44.4

Now to your hosts, Clark Sheffield and Jace Matinson.

0:51.8

Welcome back to another episode of the Millionaries unveiled

0:54.0

podcast this is episode number 147 Clark how's going what's going on your

0:58.4

world good doing pretty well doing pretty well we just had to look through this

1:01.9

list of millionaires we have upcoming. We have about 20 interviews in the pipeline here.

1:06.4

Yeah, yeah, it's pretty a lot of a lot of fun interviews coming up. Yeah, we've got a quite a few who start to reach out and tell us their stories and you know we had a

1:15.3

really interesting letter this week very touching letter written to us by a

1:20.1

listener about disability insurance and the need for it and I think in future episode

1:26.0

we'll address that a little bit more but definitely getting some cool emails from you

1:30.2

listeners and definitely getting some more millionaires who are who are

1:34.3

writing in wanting to share their story and I think just in general be willing to

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Jace Mattinson, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Jace Mattinson and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.