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Millionaires Unveiled

21: Net Worth of 2.2M - Biggest Mistake was Buying a House

Millionaires Unveiled

Jace Mattinson

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

4.8872 Ratings

🗓️ 19 March 2018

⏱️ 38 minutes

🧾️ Download transcript

Summary

Today's show features a couple focused on financial independence. They are both 36 years old and have a current net worth of 2.2M. They invest primarily in two classes of index funds, the S&P 500 and International. They currently hold no real estate investments besides their primary residence - a purchase they call their biggest financial mistake. Their current financial goal is to make 50K of passive income annually.

Transcript

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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

So on today's show we have Fai Guy and Fai Girl. So together they come on and do an interview which is interesting for us. They have a current net worth of about 2.2 million and two-thirds of that they've invested

0:35.4

about two-thirds, some they have savings but is invested in the S&P Index Fund and

0:39.7

one-third International Index Fund.

0:41.9

So they just kind of a pick those two index funds and decided to diversify their money

0:47.0

that way.

0:48.0

They're both 36 years old, they make about 250,000 combined between them and their goal is to create 50K of passive income

0:58.1

and then retire in the next year or two.

1:01.2

And so they talk about that journey and about what they're doing

1:04.3

to be able to achieve that goal. One other last piece of interesting

1:07.9

information that they share is is that buying their house was their biggest

1:12.4

financial mistake and they talk about

1:15.1

why that is and what they would have avoided and kind of what they think about how their

1:21.0

house has been a mistake for them going forward.

1:23.7

So without further ado, let's get into the interview with both of them.

1:27.2

Welcome to the Millionaires unveiled Podcast.

1:29.3

Today we have five guyy-girl on.

1:33.4

Do you all want to just give us a little bit of rundown

1:35.2

of your story and what you're up to?

...

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