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Millionaires Unveiled

261: Net Worth of $1.1M - Generational Wealth & Berkshire Hathaway Meetings

Millionaires Unveiled

Jace Mattinson

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

4.8872 Ratings

🗓️ 26 September 2022

⏱️ 50 minutes

🧾️ Download transcript

Summary

Jeff has a current net worth of $1.1 million. Half is in retirement accounts and he has zero debt except his mortgage. He is in his mid 40's and works as a Community College Administrator. He has attended several Berkshire Hathaway meetings as an investor and started his Roth IRA a year after they were available.

Transcript

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0:00.0

When one generation passed away they left a pretty good legacy for the next generation and

0:08.0

for instance my mom was able to retire I think it was 55 years old when her parents passed away and you know if

0:16.6

something like that were to come about that I'm able to leave that legacy for

0:21.1

my children at a certain age so they'd have a little bit more freedom or

0:24.3

even just helping them their families out with whether it's college or kids or things like that.

0:31.2

I want to make sure they're living a frugal life but are able to enjoy it.

0:37.1

And I feel many of the sacrifices I've taken at a young age will allow that for not only myself as I get older but also for my family.

0:47.0

You're listening to the Millionaires Unveiled Podcast, where you'll hear the stories and interviews of everyday

0:54.3

millionaires. We'll unveil their decisions, their strategies, and their

1:00.0

current portfolio allocation. Now to your hosts, Clark Sheffield and J.S. Matinson.

1:09.8

Welcome back to an episode of the Millionaires and Vailed Podcast.

1:13.0

This is episode number 261.

1:15.8

Man, it is full swing into fall,

1:18.2

and we have a phenomenal episode of day.

1:21.4

I am super excited about it but before we get into that

1:24.6

wanted to just give a follow-up and we had a question posed to to listeners

1:29.9

last week what experiences were worth spending the most money on.

1:34.2

And I've generated, we've received quite a few responses actually.

1:38.2

And I wanted to read a couple of these just so that we have some follow-up and some of our listeners have asked for this

1:44.6

for quite some time now we'll have some context around these I'm not going to

1:49.2

share every single one but didn't want to share a couple here. The first couple come from a listener named Duane.

1:54.6

He says, not sure if this counts, but travel working,

...

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