4.8 • 872 Ratings
🗓️ 26 October 2020
⏱️ 51 minutes
🧾️ Download transcript
Daniel has a current net worth of 2.7MM, 1MM of which is invested in retirement accounts. He works as an electrical engineer and is 44 years old. Daniel shares that he lost about 700K during COVID which has since rebounded. He discusses his investment allocation (mostly index funds), averaging into the market, paying off his primary residence early, and the importance of starting to invest early.
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0:00.0 | Regardless of where you're at, it's just to live below your means, save a good amount of money. |
0:07.0 | And if you do that long enough, good stuff will come, you know, that will grow and that will be a large amount over enough years. |
0:14.0 | You're listening to the Millionaires Unvealed Podcast, |
0:18.0 | where you'll hear the stories and interviews of everyday millionaires. |
0:22.0 | We'll unveil their decisions, their strategies, and |
0:27.0 | their current portfolio allocation. Now to your hosts, Clark Sheffield and Jace Mattson. |
0:35.6 | Okay, what's up everybody? |
0:36.6 | Welcome back. |
0:37.4 | Another episode of the Millionaires Unveiled Podcast. |
0:39.6 | This is 157. |
0:41.6 | Jace, what's going on? |
0:43.0 | How are you? |
0:44.0 | You're great. |
0:45.0 | How you doing? |
0:46.0 | Doing well. |
0:48.0 | We just had a couple of interviews tonight. |
0:50.0 | And one thing that we shared with us was the parable of the |
0:55.0 | the Mexican Fisherman and the banker and you'd heard that before right before tonight yeah yeah I know it's a great a great |
0:56.8 | parable great story you know the crux for our listeners is is the investment bankers on on a trip down to the Mexican coast and runs into this |
1:07.0 | fisherman and he gets into banter with this fisherman about growing his business and basically the crux is that the Mexican |
1:15.9 | fisherman is having a great life he's you know getting just enough for his needs and he has |
1:21.0 | all the time in the world to spend with his children, take a siesta in the afternoon, and stroll the village in the evening and play guitar and hang out with his amigos. |
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