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Millionaires Unveiled

265: Net Worth of $2.5M - Crypto & Real Estate

Millionaires Unveiled

Jace Mattinson

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

4.8872 Ratings

🗓️ 24 October 2022

⏱️ 47 minutes

🧾️ Download transcript

Summary

Ty & Chloe have a net worth of $2.5M. They are in their early 30's and are engaged. They have major crytop holdings and have been investing in crypto for quite a while. They both bought their first pieces of real in their 20's and have accumulated a nice chunk alongside their crypto.

Transcript

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0:00.0

And so from an early age I remember going with my dad it was school of hard knocks and he'd take me to the rental properties for the day and put me to work painting and doing all sorts of stuff with him.

0:10.6

So from an early age I was exposed to investing in real estate and you know

0:18.5

working on the properties with him there. I think we didn't really have

0:21.9

specific conversations I mean I think we didn't really have specific conversations. I mean I think we both had

0:24.9

similar backgrounds and similar interests and you know we got together it was more it was

0:31.1

more natural than that it was just the natural progression of how things kind of moved along for us. Like like Chloe mentioned we do have a very nice balance between you know risk on and risk aversion so it's kind of yeah it just it

0:47.9

works out really well for us. It's just kind of second nature to just manage our funds

0:52.3

really good without needing to keep track of exactly

0:55.7

where things are going.

0:57.0

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

1:06.0

We'll unveil their decisions, their strategies, and their current portfolio allocation.

1:12.8

Now to your hosts, Clark Sheffield and Jace Matinson.

1:17.2

Welcome to the Millionaires-Unveale Podcast.

1:19.2

This is episode number 265.

1:22.2

Big news this week, the IRS announced the changes for 401k,

1:28.2

457, 403b increases.

1:31.4

In fact, this is probably one of the largest increases ever, especially on a percentage

1:35.5

basis going from 20,500 up to 22,500 for 4-1Ks, 4-3b 4,000, 4,57 plans.

1:45.1

So just under a 10%, 9.8% increase on those.

1:49.3

Obviously, it's to keep up with inflation to some degree but you know also IRS looks at these

1:56.2

annually there's also a jump in the IRA contribution limits going to 6500 up from 6,000, so about an 8.3% increase.

2:07.0

Catch-up contribution limits are going to stay at $1,000.

...

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