246: Net Worth of 1.1M - Small Business Franchise Owner

Millionaires Unveiled

Jace Mattinson

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

4.8 • 872 Ratings

🗓️ 5 July 2022

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

Amber is a small business owner (commercial cleaning/janitorial services) with a net worth of $1.1 million. She has about 600K invested in the stock market and is holding 150K in cash. She shares her journey to millionaire including a mindset shift to buying assets that will make money in the future. Amber, at the age of 40, had a net worth of about 80K. We also discuss financial independence, small business ownership, tax strategies, and whether money brings happiness.

Transcript

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0:00.0	We were just behind the eight ball. I was even more behind the
0:04.1	eight ball probably had myself a net worth of if I sold my kayaks and my
0:09.9	bicycle maybe 80,000 and I was 40 years old. I never had issues with debt but I just
0:16.2	wasn't intentional with buying assets, buying things that would pay me in the future and
0:21.8	I wasn't doing that and then I'd walk a mile to
0:24.6	McDonald's ask for ketchup sweet and sour sauce whatever they got that they're gonna
0:28.8	hand me for free to flavor my lentils and my rice so that I could eat.
0:33.3	And I just didn't know that there was anything different.
0:38.0	You're listening to the Millionaires Unvealed Podcast,
0:41.4	where you'll hear the stories and interviews of everyday
0:44.8	millionaires. We'll unveil their decisions, their strategies, and their current
0:50.8	portfolio allocation.
0:53.0	Now to your hosts, Clark Sheffield and Jace Matinson.
0:57.0	Welcome back to another episode of the Millionaires and Villed
1:02.4	podcast. This is episode number 246. Welcome back to another episode of the Millionaires Unveiled Podcast.
1:03.0	This is episode number 246.
1:05.9	Happy Independence Day to those celebrating here in America.
1:10.1	It's a very special holiday for us and hope everybody's staying safe out there, but a great holiday
1:16.9	to celebrate our independence and freedom.
1:19.2	And thank you for all of those in the service that protect these freedoms for us.
1:24.3	Anyway, this week we've got Amber.
1:25.6	She's a net worth of $1.1 million.
	...

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