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Millionaires Unveiled

211: Net Worth of 2M+ - Health Above Wealth, Put Money in the Proper Perspective

Millionaires Unveiled

Jace Mattinson

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

4.8872 Ratings

🗓️ 8 November 2021

⏱️ 52 minutes

🧾️ Download transcript

Summary

David has a current net worth of over two million dollars. He offers a unique investing perspective and insightful story. David's allocation includes some real estate, but primarily precious metals. He shares his story of starting in the airline industry before quitting his job to focus on what he loves. David also discusses the idea of "health above wealth," and how he came to that realization.

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Transcript

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0:00.0

Do you feel like money's changed you?

0:03.0

Yeah, very good. It's a really, that's a tough, touchy emotional question.

0:08.0

So it's a yes and no answer.

0:10.0

So up until my 30s, I was obsessed about it really.

0:15.8

And then after my dad made this huge score,

0:19.2

we'll call it in the cellular phone industry,

0:22.0

he built a house in Lake Tahoe.

0:23.6

What was his dream to retire in Lake Tahoe and ski off the rest of his life.

0:28.1

And it was Christmas, you know, about 30 years ago, and it was like the top of the market for the

0:35.9

family at large, meaning all my brother, sisters, stepbrother, and sisters, everybody was doing

0:40.2

well, everybody was happy, we're starting families. Everything was going

0:43.8

really really well. My dad was obviously doing quite well. His new wife was great

0:47.9

everything just couldn't be better. And three days later, four days later,

0:51.8

on the New Year's Eve day, my dad was hit by a truck and paralyzed from the neck down.

0:57.0

And so I flew back and saw the reality of what money really means.

1:04.0

And so he had, you know, multiple million dollar worth,

1:07.4

you know, the house was probably worth at that time.

1:09.6

We're talking 30 years ago, I'm like Tahoe probably 1.2 million so I don't know it's 10 now I don't

1:14.8

know. Anyway the point I'm making is that he would have given up all that money to be

1:20.3

able to walk again. So from that point to this point I have always put health above wealth and I've always put money in the proper perspective because there's nothing more intimate than seeing someone you love that much in a

1:34.6

compromise position and you get a whole let's say attitude adjustment.

1:40.8

After that my focus was changed dramatically and I've lived my life differently really ever since.

...

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