251: Net Worth of 10M - First Million at Age 50 - "No Interest in Owning Real Estate"

Millionaires Unveiled

Jace Mattinson

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

4.8 • 872 Ratings

🗓️ 8 August 2022

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

Mark has a net worth of $10M, of which $2.5M is in a pension. Of the remaining $7.5M, about 3M+ is invested in the stock market, 2M+ in retirement (in stock market as well) and 2M+ in home equity. Mark holds no rental real estate. Mark hit his first million at age 50 and hit his second million just four years later. We discuss happiness, motivation, when enough is enough, paying off 90K of student loans, and why the lack of interest in real estate.

Transcript

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0:00.0	I'm kind of okay with where I am now. I mean I don't need that much more and so you know when you won the game stop plan
0:08.0	I you know I could take on more risk but at this point I don't really anticipate needing much more than I currently have so I'm I'm just as happy with with a little bit of a smoother ride
0:17.8	You're listening to the Millionaires Unvealed podcast where you'll hear the stories and interviews of everyday
0:24.8	millionaires. We'll unveil their decisions, their strategies, and their current portfolio
0:31.5	allocation.
0:33.0	Now to your hosts, Clark Sheffield and Jace Matinson.
0:38.6	Welcome back to another episode of the Millionaires
0:40.3	and Ville Podcast.
0:41.2	This is episode number 2 51.
0:43.2	Clark, how's it going what's going on in your world?
0:45.0	Dude going well, how are you?
0:47.0	Doing well, man.
0:48.0	It is, I guess we're about to start school again for a lot of kids across the the country and the world's
0:53.6	little nuts. That summer's gone away. I know it's quick. Quick I know man. You
0:59.5	any travel for us of summer or you can go out right now? No don't, not for the rest of the year.
1:03.8	Do you guys?
1:04.5	Yeah, we got one more little trip.
1:07.6	It was planned for July, but some things kind of change that, so're going to take it here in in August but that's it
1:15.6	DAW will be kind of wrapping up and already kicking around a bunch of the fall
1:19.1	plan it's going to be a busy fall for us three kids now and school for two of them. So it's busy, it's busy man.
1:26.4	So we were talking a little bit before the show about target date retirement funds.
1:32.6	The good, the bad, the ugly, do you do them, do you not?
	...

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