219: Net Worth of 2.2M - 70 Years Old, Bartender to Millionaire

Millionaires Unveiled

Jace Mattinson

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

4.8 • 872 Ratings

🗓️ 3 January 2022

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

J.C. is 70 years old and has a current net worth of 2.2 million. He shared his story which involved a career in the military, bartending, and working at Apple. He now travels the country (and world) with his wife, primarily in their 250K RV/motor home. J.C. shared that he became a millionaire at age 55 and had a max salary of 130K. We also discuss his historical investing, generational wealth, and how much he spends annually in retirement.

Transcript

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0:00.0	I retired with an 80-20 asset allocation and brought it down five ticks at a time
0:06.6	until now I'm down to 6535 and I'm figuring I'll probably go to 60-40 by the time I'm 75.
0:14.0	You're listening to the Millionaires Unvealed Podcast,
0:18.0	where you'll hear the stories and interviews of everyday millionaires.
0:22.0	We'll unveil their decisions. and interviews of everyday millionaires.
0:23.0	We'll unveil their decisions, their strategies,
0:26.8	and their current portfolio allocation.
0:29.9	Now to your hosts, Clark Sheffield and Jace Mattson.
0:35.0	Welcome back, everybody, episode 219 Millionaires Unvealed.
0:38.0	It's Clark here with Jace.
0:40.0	Jace, what's going on?
0:41.0	How is your New Year's?
0:42.0	Man, New Year's was great new years? I'm excited for 2022 about you.
0:46.0	Yeah, I was just thinking same year I was just thinking New Year's resolution so I did a quick search
0:51.4	New Year's resolution stats I was kind of curious New Year's resolution stats.
0:52.9	I was kind of curious.
0:53.8	So here's some fun stats I came across.
0:56.7	It says baby boomers want to lose weight.
0:59.9	53% of them have the resolution to lose weight, but they have less importance or they
1:04.8	are less but place less importance on saving money, 39% compared to younger generations.
1:11.8	Gen Z is four times more concerned with finding love than any other age group.
1:17.0	millennials are the most confident, imagine that.
	...

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