4.8 • 872 Ratings
🗓️ 27 March 2023
⏱️ 38 minutes
🧾️ Download transcript
Rachel has a net worth of $1.0 Million. She has two children with another on the way and works in accounting/finance. 60% is in investments and 40% is in home equity. She has a few stocks she does play with but a majority are in index funds. We discuss her mindset changes of the years, how her upbrining played a part in her journey and various other great topics.
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0:00.0 | I think, because when I was maybe a teenager, I was working here and there, and my dad had said, |
0:07.6 | hey, you want to buy some stock? He was like, buy McDonald's. And first I thought he was tricking me. I thought he just wanted to take my money |
0:16.2 | because he would say hey if you give me some of the money that you're working I'll buy McDonald's stocks for you and I was like no no no, no, no, no, I think he's just trying to take my money |
0:24.8 | and I'm never gonna see it back again. |
0:26.4 | So I didn't really believe him, but at least it was in my head |
0:29.2 | that that's what you should do. |
0:30.8 | For a long time, my dad was always very frugal, which actually was more of a negative for me and I didn't like it at all. |
0:38.0 | I have this funny story where I tell people that I asked him for a quarter and he said no so I said can I have |
0:44.6 | five cents and he said no and I said can I have a penny and he said absolutely not |
0:50.0 | maybe hearing my friends talk about how how comfortable they felt now or how how rich they said they felt from their investments made me realize, okay, maybe I have to see myself differently now and I'm not the person that I started out as who was you know hundreds |
1:05.4 | of thousands in debt from student loans so it was kind of like that shift of |
1:09.5 | hearing other people and their perspective of what they said they have and then |
1:14.1 | kind of checking my accounts and then realizing okay I'm in a different place now. |
1:18.1 | Welcome millionaires and future millionaires. You're listening to the |
1:22.3 | millionaires Unveale Podcast the show where you'll hear the stories and |
1:25.8 | interviews of everyday millionaires will unveil their decisions, |
1:29.7 | their strategies, and their portfolio allocation. |
1:33.0 | Now to your host, Jay's Mattingen. |
1:36.0 | Welcome back to another episode of the Million Years'Nville |
1:41.0 | Podcast. |
1:42.0 | This is episode number 287. I hope everybody is having a great week. We saw a couple |
1:48.1 | interesting things happen. I think a lot of them were expected to some degree this week with the Fed raising rates. |
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