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Millionaires Unveiled

296: Net Worth of $3.5M - "Marry Well" + W-2 to the MOON

Millionaires Unveiled

Jace Mattinson

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

4.8872 Ratings

🗓️ 30 May 2023

⏱️ 65 minutes

🧾️ Download transcript

Summary

Kevin has a net worth of $3.5 million. He is in his early 50's and works in corporate America his whole career in the Consumer Packaged Goods Industry. His house is paid off and worth about 850k. He has ~$1.2 million IRA, 450k in a 401k and another 400k in a brokerage account, 50k in cash and 70k in an IRA BDA, 200k in 529's, 250k sports card collection plus a few other assets.

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Transcript

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0:00.0

You know it's so funny we've been having these conversations so much because this whole midlife crisis we're going through where we become an empty nest has been a little bit of a shock to us trying to figure out what to do next.

0:10.5

And I've always thought 8 million was my number because 8 million at 4% is going to be

0:16.8

320, by the time taxes are involved, that's 240, that's 20 grand a month met.

0:22.8

I pretty much think I can do anything I want to do in life

0:25.4

and maintain lifestyle.

0:26.5

And actually probably increase lifestyle a little bit

0:28.8

because we save so much right now

0:30.8

if I had that number.

0:32.3

If somebody would say wrap it up in one word

0:34.6

in terms of your success and your family

0:37.0

and all that, it's merry well, right?

0:39.4

I mean, marriage is grand, divorce is 50 grand.

0:41.6

I have the best wife in the world. I mean, she is so supportive.

0:46.5

She is the world's best mom.

0:48.6

Welcome millionaires and future millionaires. You're listening to the Million unveiled podcast, the show where you'll hear the stories and

0:56.0

interviews of everyday millionaires will unveil their decisions,

0:59.6

their strategies, and their portfolio allocation.

1:03.6

Now to your host, J. Mattingen.

1:09.6

Welcome to the Millionaires and Bell podcast.

1:11.4

This is episode number 296.

1:13.7

Stace, how's it going?

1:15.6

Doing great over here.

...

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