217: Net Worth of 575K - "We Are Not Going Back Into Credit Card Debt"

Millionaires Unveiled

Jace Mattinson

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

4.8 • 872 Ratings

🗓️ 20 December 2021

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

Steven has a net worth of 575K and is well on his way to millionaire! He discusses his life and financial story which includes paying off 30K of personal debt, a bulk of which was personal credit card debt. Steven discusses his "I've had it!" moments which made him take control of his finances, his financial goals for the future, and the benefit of his flexible job. His investments are held primarily in retirement accounts in the stock market and home equity.

Transcript

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0:00.0	It was just like, okay, we can, you know, we're getting raises, we can spend a little bit more, and a couple of years went by and we just had this realization.
0:09.0	I'm not even sure what triggered it, but it was like, how in the world are we making you know this much money and don't have
0:17.4	anything to show for it at the end of a couple of weeks at the end of you know at
0:20.9	the end of the pay period or at the end of the month.
0:23.2	Why am I having to transfer credit card balances to the next 0% interest card to get us through?
0:32.3	The worst I think was I had some medical debt from an ER
0:35.9	an ER visit several years ago that was about two thousand dollars but the worst was
0:40.9	a mattress that we financed.
0:43.7	That's what hurt the most
0:46.1	when we finally totaled all this stuff up.
0:48.7	And it's like, you know, what in the world are we doing?
0:51.3	What in the world are we doing? What in the world are we doing?
0:53.0	You're listening to the Millionaires Unvealed Podcast,
0:57.0	where you'll hear the stories and interviews of everyday millionaires.
1:02.0	We'll unveil their decisions, their strategies, and their current portfolio allocation.
1:09.0	Now to your hosts, Clark Sheffield and Jace Jace Mattson.
1:13.0	Well, everybody, welcome back, another episode of the Millionaires Unveiled
1:16.5	podcast where we tell stories and strategies of everyday millionaires.
1:19.2	This is Clark here with my co-host Jace.
1:21.6	This is episode 217. J jace what's going on
1:24.4	on a whole lot man how you doing good doing well excited for the holidays here spend some time
1:29.2	family and friends you guys got any big plans yeah Yeah man I surprise a family with a trip to Disney so
	...

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