4.8 • 872 Ratings
🗓️ 6 February 2023
⏱️ 42 minutes
🧾️ Download transcript
This week we have Kristopher. He is in his early 30's. He has a net worth of $1.1 million. He is a Senior Software Engineer. He has 160k cash, 17k in a 529 account, 930k in equity investments, 30k is in his HSA, 290k traditional, 375k roth, 235k brokerage. He also has some unvested RSUs valued at 740k.
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0:00.0 | So, like suppose you hear some good financial advice like, hey, you shouldn't try to pick stocks to beat the market. |
0:07.0 | The mistake is not acting on that information right away. |
0:10.0 | So maybe what you should do is you should go, you know, |
0:13.2 | revisit your strategy for investing and decide what's the right path forward. |
0:17.0 | But if instead you just sort of don't think about it or you don't see the flaw |
0:22.1 | in what you're doing doing like you can you can |
0:24.3 | easily kind of know in your head the good advice that you're hearing but then you |
0:29.0 | can not act on it for multiple years. You're listening to the Millionaires Unvealed Podcast, |
0:36.0 | where you'll hear the stories and interviews of everyday millionaires. |
0:41.0 | We'll unveil their decisions, their strategies, and their current portfolio |
0:46.5 | allocation. Now to your hosts, Clark Sheffield and Jace Mattingon. |
0:51.8 | Welcome back to another episode of the Man on News and The Podcast. |
0:55.0 | This is episode number 280. |
0:57.0 | Hope everybody's having a great week. |
1:00.0 | And it's been a little wild here with the weather here in Texas. |
1:03.6 | We're basically shut down for a few days last week and sure it affected several people |
1:09.2 | that were traveling anyway if they're on American or Southwest's two big hubs go through DFW and love. |
1:15.5 | But at any rate, getting back to the norm here a little bit and we'll begin rocking and rolling here |
1:22.2 | into February. |
1:23.5 | So wanted to discuss a couple of things. |
1:27.4 | Our guest today has a couple unique things |
1:30.5 | that he has in terms of compensation package in regards to RSUs that we've talked a little bit about in the show before, but are pretty common in some sorts of industries and companies. |
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