4.8 • 872 Ratings
🗓️ 30 May 2022
⏱️ 53 minutes
🧾️ Download transcript
Adam has a net worth of 4.3M which is divided primarily between real estate (2M), stock market investments (1M), and his small business (1M). He also has educations savings accounts, a 529, HSA, and sports trading cards (valued at 50K). Adam shares how old he was at each million with his first million being at age 35. He discusses how he looks at real estate including analyzing a potential deal and the value of leverage.
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0:00.0 | Along the way I sort of made a conscious decision to say I want a third invested in my business |
0:05.6 | I want a third in the market and I want a third in real estate and we were pretty good on that for a while |
0:11.8 | when I look at money my whole target is to grow net worth. |
0:17.3 | And so if money comes in, you want to keep as much as possible, which means buying assets, not having expenses. |
0:25.2 | And so that's a basic, for an accountant, that's a basic thought, but for the average person it's not necessarily |
0:31.3 | basic. |
0:32.3 | You're listening to the Millionaires Unvealed Podcast, |
0:36.0 | where you'll hear the stories and interviews of everyday millionaires. |
0:41.0 | We'll unveil their decisions, their strategies, and their |
0:45.6 | current portfolio allocation. Now to your hosts, Clark Sheffield and |
0:50.8 | Jace Mattson. |
0:57.0 | Welcome back, another episode of Millionaires and Vale podcast. This is Clark. |
0:58.0 | I'm here with Jace. |
0:59.0 | This is episode 241. |
1:01.0 | Jace, what's going on? |
1:03.0 | Hey man, just rocking into the summer here. |
1:05.3 | How you doing? |
1:06.3 | I'm doing well. |
1:07.2 | We got a question from a listener from Daniel. |
1:11.9 | He says, as an aspiring millionaire, the slog of grinding can be discouraging at times. |
1:18.2 | As an investor primarily using 401k, IRAs HSA 529, so primarily in the market here, and brokerage accounts, how do you remain focused |
1:27.4 | on building wealth in the years five to ten years before the sharp uptick of compound interest gets exciting. |
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