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Millionaires Unveiled

286: Net Worth of $29.5M - Distribution Magnate & Business Exit to Real Estate Investor

Millionaires Unveiled

Jace Mattinson

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

4.8872 Ratings

🗓️ 20 March 2023

⏱️ 51 minutes

🧾️ Download transcript

Summary

James has a current net worth of $29.5 million. 90% of it is in real estate comprised of almost 50 single family homes and a few commercial properties. The rest is in his 401k and cash. James is in his mid 60's and is semi-retired. We discuss all the odd jobs he had until he started his business in his 30's to the growth and eventual exit he had when he sold it to a long term employee.

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Transcript

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0:00.0

day before they talk about my electricity, we park our cars in the garage,

0:02.8

we're going to be repowed.

0:04.2

The first two years, I had slept, I did not sleep at all.

0:07.6

And then I finally realized, you know, I got to be responsible with my money.

0:12.1

And because I've got now, got a wife and a child to take care of and that was the turning point for me.

0:18.3

I was scared of that. I was afraid of failure. I could not fail. So we he and I both worked until seven

0:25.8

eight o'clock at night. I worked on the weekends and we just kept working the

0:30.8

business, working the business, working business, growing the business, growing the business.

0:33.2

And then we started going into other areas and or other states and adding more office personnel

0:39.8

off adding more salespeople and I would say in the fifth year I thought we this might just work and

0:48.0

welcome millionaires and future millionaires you're listening to the millionaires

0:52.4

unveiled podcast the show where you'll hear the story millionaires. You're listening to the Millionaires Unveiled Podcast.

0:53.7

The show where you'll hear the stories and interviews of everyday

0:56.7

millionaires will unveil their decisions, their strategies,

1:00.2

and their portfolio allocations. Now to your host, Jayce Matinson.

1:05.0

Welcome back to another episode of the Millioners & Vale podcast.

1:10.0

This is episode number 286.

1:12.0

Lots of things happening man we've seen all sorts of

1:16.4

commotion I guess I would call it with the banking industry this last week in fact when this was all going on, I was on some business and some, yeah, I woke

1:26.3

up to various tech streams in other area codes and zip codes and time zones and was like what and the heck is going on so at any

1:35.6

rate hopefully we'll see some some stabilization a little bit more in the

1:40.0

coming weeks as we move on it looks like that we're going to see some

...

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