4.8 • 872 Ratings
🗓️ 12 December 2022
⏱️ 35 minutes
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David is a music store owner and has a net worth of $2.8 million. 270k cash, 20k in investments, 520k primary residence, 70k rental, 230k retirement, $1.6 million in the business. He grew up in a low to middle class home and never learned to handle money. He thought if he could afford payments, he could buy it.
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0:00.0 | And I listened to that over and over again. I just thought that just sounds so simple. Why aren't we doing this? And when I finally got together with my wife Sarah. |
0:13.0 | She's like, it's about time. |
0:15.0 | You know, we like everyone had the latest iPhones even at the time and |
0:20.0 | and we got rid of cell phones, which was about a 200 to $300 a month bill. |
0:27.0 | We lived without cell phones for three years. |
0:30.0 | It wasn't until 2013 when my wife got breast cancer that we and actually it was her and her dad's like yeah I don't think she you know when she's going to be going to be going to surgery she she should really have a means of communication with her and you know be they say |
0:47.8 | behind every good man is a even better woman and that is so the truth with us. I mean it renewed my faith. We grew |
0:58.6 | in faith been through many trials together from cancer and the whole situation with debt and lack of responsibility. |
1:09.8 | And you're listening to the Millionaires Unvealed Podcast, where you'll hear the stories and |
1:16.2 | interviews of everyday millionaires. |
1:19.2 | We'll unveil their decisions, their strategies, and their current portfolio allocation. |
1:26.0 | Now to your hosts, Clark Sheffield and Jace Matinson. |
1:31.6 | Welcome back to another episode of the Millionaires and Villed |
1:33.6 | podcast this is episode number two 72 big week here this will be the final |
1:38.4 | meeting of the Fed this week which we're expecting probably another rate hike will be the final rate hike of the year. |
1:45.9 | Obviously they're trying to come in with a soft landing without triggering a recession to stop inflation. |
1:52.6 | So it'd be interesting to see how that kind of starts to play into what does the |
1:57.0 | outlook look for for 2023. |
1:59.4 | It's been quite an economic roller coaster the last couple of years ever really since COVID hit. |
2:05.9 | But nonetheless, one that's, for those that are interested in economics and finance and stuff, |
2:11.5 | it's been one to really study and kind of |
2:14.7 | understand how monetary policy works and and investments and all sorts of things |
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