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Millionaires Unveiled

227: Net Worth of 2.25M - Taking Calculated Risks and Going All In

Millionaires Unveiled

Jace Mattinson

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

4.8872 Ratings

🗓️ 28 February 2022

⏱️ 44 minutes

🧾️ Download transcript

Summary

Mike has a current net worth of 2.25M which includes money in the stock market, rental properties, an HSA, and more. The five rental properties cash flow about 2.7K monthly and Mike shares details on each property and how he found them. He is 40 years old and shares insights into growing one's income, turnkey rental properties, finding happiness, and taking calculated risk.

Transcript

Click on a timestamp to play from that location

0:00.0

A couple years later, a couple years down the road, he got sick and passed away and it just really

0:05.7

changes your perspective on taking risks, but also taking calculated risks.

0:11.6

I don't like to just take risks for risk sake, you take

0:15.1

calculated risks, you do your research, and then when something comes along you

0:20.6

got a strength, right? So like, that's kind of in my philosophy

0:24.0

is when you see an opportunity,

0:26.5

you know, and it's real and you've done your homework on it,

0:30.1

go all in.

0:32.1

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

0:37.9

of everyday millionaires.

0:40.4

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

0:47.0

Now to your hosts, Clark Sheffield and Jace Matinson.

0:52.0

Welcome back, another episode The Millionaires unveiled Podcast 2.27 here.

0:55.8

This is Clark.

0:56.8

What's going on man?

0:57.8

How are you doing great man?

0:59.4

How you doing?

1:00.4

Do it pretty good.

1:01.4

I heard you just locked in an interest rate. We were talking about

1:04.5

interest rates increasing. I was talking to a friend this week and they purchased a home

1:08.8

a couple years ago now at 2.5% and now he says the rate is closer to 4. So we're seeing interest rates increase

1:18.4

here and probably will continue to do so but pretty wild a percent and a half plus over the last couple years now.

...

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