4.8 • 872 Ratings
🗓️ 12 July 2022
⏱️ 57 minutes
🧾️ Download transcript
TJ has a current net worth of about $9.5M. Although he is very diversified in his holdings, the largest pieces are his ownership in two environmental companies, and a personal hard money lending company. He has about 4.2M in retirement accounts, 1.2M in a traditional brokerage account, and over 2.8M in loans made collateralized by real estate. We discuss investing through his Roth IRA, work/life balance, and financial goals for the future.
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0:00.0 | And one of the things that I really discovered early in my life, my dad kind of beat this over into my head was the power of compound interest. |
0:09.0 | So you know you've got 2.5 million that's earning 18% and you don't have to ever pay taxes again and it compounds at that rate, |
0:16.0 | that's the holy grail right there. |
0:18.0 | You're listening to the Millionaires Unvealed Podcast, |
0:22.6 | where you'll hear the stories and interviews |
0:25.1 | of everyday millionaires. |
0:27.3 | We'll unveil their decisions, their strategies, |
0:31.0 | and their current portfolio allocation. |
0:34.2 | Now to your hosts, Clark Sheffield and Jace Matinson. |
0:38.4 | All right, welcome back everybody. |
0:42.0 | Another episode of the Millionaires unveiled |
0:43.6 | podcast episode two forty seven here crazy it's been almost two hundred and fifty |
0:49.2 | millionaires jace how are you doing great man it's uh it's quite quite the milestone we're coming up on |
0:55.8 | Excited for it though. Yeah, how are you doing man? Good good doing well. Yeah |
0:59.8 | I guess we had a few guests in in there, but yeah almost 250 millionaires so pretty wild we had |
1:05.8 | somebody right in this week this is from Joe I'll just read his email hey guys |
1:11.8 | love the show I'm curious if any of your |
1:14.0 | millionaires have used crowd-funded real estate he lists fund drives crowd street as a |
1:19.6 | couple examples as a means to build wealth I am interested in adding real estate to my portfolio, but I'm not interested in owning, maintaining physical real estate myself. Thanks for my thanks for considering question, Joe. What's your take, |
1:34.4 | Jayce? If we, I can think of a couple millionaires that have used this and I don't |
1:38.6 | believe anybody's put significant amounts of money into these platforms, but do you remember any specifically? |
1:45.1 | I don't remember any specifically, but like you, I recall a couple that I know that we've discussed |
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