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Millionaires Unveiled

18: Net Worth of 2.1M - Started and Sold an IT Support Business

Millionaires Unveiled

Jace Mattinson

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

4.8872 Ratings

🗓️ 26 February 2018

⏱️ 31 minutes

🧾️ Download transcript

Summary

Today's guest, Michael, has a current net worth of 2.1M. He has 600K invested in financial securities between singles stocks, actively managed mutual funds, and index funds. He discusses his top holdings, strategies, and his conversion from single stocks to index funds. He was able to start and sell an IT support business which helped kick start his financial success. Michael also has three single family rentals and a syndicated real estate investment.

Transcript

Click on a timestamp to play from that location

0:00.0

You're listening to the Millionaires Unveiled Podcast, where you'll hear the stories and

0:06.0

interviews of everyday millionaires.

0:09.1

We'll unveil their decisions, their strategies, and their current portfolio allocation.

0:15.0

Now to your hosts, Clark Sheffield and J.S. Matinson.

0:20.0

Welcome to the Millionaires Unvelled Podcast. Before we get into the show, I just want to go over a few things. If you'd like to be on the show, send us an email at

0:32.1

Millionaires unveiled at gmail.com also check us out on

0:36.3

Facebook under Millionaires unveiled and we have some new things on the website

0:41.3

millionaires unveiled dot com as well as on Twitter.

0:46.0

Also we're closing on some deals in the multifamily space here shortly

0:50.6

and if you'd like to to talk us about those, send us an email,

0:55.0

Millioniers Unveale at gmail.com.

0:59.0

So on today's show, we have Michael, and his current net worth is just under 2.1 million and that's

1:07.2

divided he's got equities of about 625,000 a hundred k and cash that he holds and the rest is in about three single family investments

1:17.7

and then a syndication, a multifamily syndication deal.

1:22.1

And he worked in IT and then eventually started a business and

1:26.1

sold the business after the dot-com doom as he called it. And so we talked to him about his single family rentals. We also talked to him

1:35.2

about his shift from single stocks to actively manage mutual funds and then to now index

1:42.3

funds.

1:43.6

And so without further ado, let's listen to the interview with Michael.

1:48.6

Welcome to Millionaires and Vale.

1:49.8

Today on the call we've got Michael.

1:51.6

Michael, do you want to just give us a little bit about

...

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