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Millionaires Unveiled

229: Net Worth of 3.3M - First Million at Age 26

Millionaires Unveiled

Jace Mattinson

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

4.8872 Ratings

🗓️ 14 March 2022

⏱️ 48 minutes

🧾️ Download transcript

Summary

Jason has a net worth of 3.3M and hit is first million at age 26. However, following his first million he was hit with the real estate crisis of 2008 and lost all his money and ended up owing about 250K in debt. He rebounded from that experience and his since grown back his net worth. We discuss Jason's real estate portfolio which includes primarily single family homes with lease to buy options. Jason also shares his motivations, mindset, personal development plan and more.

Transcript

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0:15.3

2014 is probably when it kind of came back. I realized I had enough. I had kind of dug myself out of the hole and I could rest easy a little bit. And you know, the older you get, the more you realize, you know, that this life's not all about working all the time and I don't need to hustle as much as I did and I was younger and so I want to take a little bit of time

0:19.8

and relax and just focus on other things. You know I enjoy all kinds of

0:23.3

activity snowboarding rock climbing dirt biking just all the kind of stuff and so I just

0:26.8

want to spend more time just have a little more balance is all.

0:30.6

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

0:36.0

interviews of everyday millionaires.

0:39.0

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

0:45.0

Now to your hosts, Clark Sheffield and Jace Matinson.

0:50.0

What's going on everybody?

0:52.0

Welcome back another episode of the Millionaires Unveiled

0:53.9

Podcast episode 229. Jace what's going on how are you doing great man how you doing?

0:59.6

Dude I'm doing great I got an interesting story this week. So I guess what are we here? We're mid-March now, but January or February, I can't remember, I think I waited a few weeks, but I went in to fund my Roth.

1:12.9

And the last couple of years I've been doing backdoor,

1:15.1

but I saw my Roth account in my Fidelity account

1:17.8

and not thinking, I don't know if it was late at night

1:19.9

or early in the morning, I wasn't thinking,

1:21.6

and I went in and I just transferred you know six

1:24.2

grand from my checking account right into my Roth and then... Is that a rookie

1:28.8

mistake or what? Oh yeah and total... And then a week or two later I'm sitting there thinking and I didn't invest it right away because I thought you know what I'm just gonna sit on this for a sec the market might drop all this Roth, so I should have contributed to my traditional and then back door to my Roth, which I've done,

1:55.8

you know, the last couple times.

1:58.2

Anyway, so then I said, I'll just transfer the money out of my Roth back to my checking and then put it into my traditional.

2:04.2

So then I do that and then I realize, oh that was pretty stupid too because now they think

...

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