239: Net Worth of 650K - Trailer Park Plumber; Max Annual Income of 40K

Millionaires Unveiled

Jace Mattinson

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

4.8 • 872 Ratings

🗓️ 16 May 2022

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

Mark is 53 years old, owns his own plumbing business and flips the occasional trailer/mobile park home. He never went to college and has never made over 40K annually; at one point he had 50K in credit card debt. His net worth is primarily held in mobile homes which he fixes up, then flips and finances to the next buyer. Mark shares his thoughts on taking career chances, starting early, and the risk/reward of small business.

Transcript

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0:00.0	I had a lot of jobs growing up and they were all dead in just nine to five jobs.
0:06.6	I never made any money much at all of my life.
0:09.3	All I could ever think of was what time I get off and how much am I getting paid and I just
0:14.8	decided to take chance I just said I'm done I'm getting out of here I'm done with
0:18.8	this place and if I don't make it then I'm gonna go back to work work. That's the worst thing it's going to happen to me. I just took a chance and
0:26.7	walked away from the nine to five and started a plumbing business. Yeah, I mean I shouldn't have started when I was 20.
0:33.0	If I would have started when I was 20, it's hard to tell where I would be by now.
0:38.0	But yeah, I wish I would have started when I was young.
0:40.0	That's a lot of the regrets and just I wasted a lot of years doing nothing but working for somebody else
0:47.4	You're listening to the Millionaires Unveiled Podcast where you'll hear the stories and interviews of everyday
0:54.6	millionaires. We'll unveil their decisions, their strategies, and their
1:00.3	current portfolio allocation. Now to your hosts, Clark Sheffield and J. Smatinson.
1:09.4	Welcome back to another episode of the Millionaires Unveiled Podcast. Thanks for joining us.
1:13.2	This is 239.
1:15.8	This is Clark.
1:16.6	Jace, what's going on?
1:17.5	How are you?
1:18.1	Doing great, man.
1:18.9	We're just starting to heat up down here in Texas.
1:20.9	It's getting hot.
1:22.3	Upper 90s, I mean a hundred, it's getting
1:25.3	getting toasty, man, I like it though.
	...

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