238: Net Worth of 1.9M - The Risk/Reward of Penny Stocks

Millionaires Unveiled

Jace Mattinson

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

4.8 • 872 Ratings

🗓️ 9 May 2022

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today's guest has a net worth of 1.9M which is broken out between real estate (five single family rentals that cash flow about 100K per year) and traditional stock market investments. Mr. Fig has no money in tax protected retirement accounts. He shares how he started in real estate (buying foreclosures following the 2008 market crash), and his new found interest in the stock market.

Transcript

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0:00.0	Number one, don't marry the wrong person. Number two, protect your assets. This choose
0:07.5	Fai group, right? They kept preaching VT Sachs, VT Sachs, don't do individual stocks, blah blah blah.
0:15.0	I was like, well, man, you know what, it's really, you know,
0:19.0	it's your risk, your risk tolerance, right?
0:22.0	You're listening to the Millionaires Unvealed Podcast,
0:27.0	where you'll hear the stories and interviews of everyday millionaires. We'll unveil their decisions, their strategies,
0:35.5	and their current portfolio allocation.
0:38.6	Now to your hosts, Clark Sheffield and Jays Mattingen.
0:43.4	Welcome back to another episode of the Millionaires and Villed
0:45.2	podcast. This is episode number 238.
0:47.6	What's going on?
0:48.6	How's it going in your world?
0:49.6	Dude, doing good.
0:50.4	You just got out of a softball game, which like we play in a Central Park softball
0:54.9	league but it was it was a canceled the last two years because of COVID so finally it started
0:59.8	back up. I didn't know you're a softball player?
1:03.0	I'm not.
1:04.0	Oh, but it's fun to get out.
1:06.0	Nice.
1:07.0	Nice.
1:08.0	It's good.
1:09.0	Do you win?
	...

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