4.8 • 872 Ratings
🗓️ 20 June 2022
⏱️ 54 minutes
🧾️ Download transcript
Adam has a net worth of 7M, the bulk (5M+) of which is in retirement (1.5M+) and non-retirement (3.5M) accounts invested in the stock market. We discuss his entire allocation as well as his previous vs. current stock vs. bond split. He has a primary home worth about 1.5M and his first million came at age 32. Adam also shares his plans for the future, whether he budgets, how much cash he holds and why, and whether he ever thought he'd reach this level of net worth.
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0:00.0 | You don't have to be super creative or take unbelievable risk or hit the lottery in order to build the kind of wealth we're talking about here. |
0:10.0 | Everything that we're talking about here was built on a solid job one company 25 years. |
0:15.8 | I've done very well at that company. |
0:17.7 | That company has been great for me. |
0:19.2 | But this is just spending less than make and invest in the difference and doing it all the time. |
0:24.0 | No exception. |
0:25.0 | So that's been the, you know, the mantra we've used for 25 years and normal people can do this. |
0:31.6 | Yes, people are going to have incomes that vary. |
0:33.5 | Not everybody's going to have the same level of income I did, |
0:36.9 | but everybody can do every other thing that I did. |
0:40.2 | And whether you got the same income level or not, you can get to wealth levels that will surprise you if you just start this early on. |
0:49.2 | You're listening to the Millionaires Unvealed Podcast, where you'll hear the stories and interviews of everyday millionaires. |
0:58.0 | We'll unveil their decisions, their strategies, and their current portfolio allocation. |
1:05.0 | Now to your hosts, Clark Sheffield and J.S. Matinson. |
1:10.0 | What's going on everybody? |
1:11.0 | This is Clark. |
1:12.0 | Welcome back to another episode of the |
1:12.5 | millionaires Unveiled podcast here with J. Jase, what's going on? How are you? |
1:16.2 | Doing all right man, just having a little heartburn with these uh |
1:19.2 | these interest rates on mortgages man, this is a unprecedented territory we're in right now. It's |
1:24.7 | nuts. Yeah really we're recording this on the 16th so June 16th and we just got |
1:30.0 | I got a notification from the Wall Street Journal it says the average rate for a 30-year fixed mortgage |
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