168: Net Worth of 2.1M - Police Officer - "Family, Health, Wealth - in that Order"

Millionaires Unveiled

Jace Mattinson

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

4.8 • 872 Ratings

🗓️ 11 January 2021

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

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Summary

David is a police officer with a current net worth of 2.1 million. He was in the Marines for eight years before working in corporate america and then becoming a police officer; He was 39-years-old when he became a millionaire. David invests heavily in precious metals (nearly 250K) and multifamily real estate. We discuss how his real estate holdings were hit in the economic downturn of 2008-2009 and how that changed his investing strategy. In 2006, David had a net worth of 600K and in 2009 it had dropped to negative 200K.

Email us at - [email protected]

Website - www.millionairesunveiled.com

Twitter - @Mill_Unveiled

Transcript

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0:00.0	There's no substitute for experience, but I would say anything you want to do, whether it's a business or investing in real estate or stocks or something,
0:08.0	know your subject inside now and challenge your beliefs.
0:11.0	Figure out who disagrees with the path you're taking and talk to those people.
0:15.0	Find out what's wrong with what you're thinking and if you can bolster what you what you believe in the face of
0:20.4	their legitimate criticism, more power to you.
0:24.0	Don't just take your head in the sand
0:25.6	and avoid criticisms of the path you're taking.
0:29.2	You're listening to the Millionaires Unvealed Podcast, where you'll hear the stories and interviews of everyday
0:35.9	millionaires.
0:36.9	We'll unveil their decisions, their strategies, and their current portfolio allocation.
0:44.2	Now to your hosts, Clark Sheffield and Jace Mattson.
0:48.5	All righty, welcome back to another episode of the Millionaires Unveiled Podcast.
0:53.1	This is episode number 168.
0:55.8	Chase, happy new year again.
0:57.2	I think we said that last time, but what's going on?
0:59.4	Anything new, ready for 2021?
1:01.2	Yeah, man, ready for 2021 2021 just getting the year started here
1:05.2	obviously January for for both of us really is a super busy time but this year is a
1:11.0	little bit more busy than normal but ready get back in the
1:14.8	swing of things and kind of get rolling with 2021. What about you?
1:19.0	Yeah, since we're both accountants really or at least for our day jobs this is some of the
1:24.2	busier time right end-a-year accounting work so unfortunately that's what we're
	...

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