4.8 • 872 Ratings
🗓️ 5 June 2023
⏱️ 54 minutes
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Eric has a net worth of $1.2 million. He is in his 30's and in the Military and speaks several languages. He has a paid for house of 540k, Roth Accounts around 290k, Traditional Accounts around 60k some cash and precious metals/jewelry that make up the rest. He doesn't have a credit card.
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0:00.0 | I haven't been essentially bit by the recession bug yet. I know what's going to happen but say it would happen we would have a repeat of last year |
0:07.6 | where like the S&P 500 and most of the market was down 15 to 20 percent. Our investment strategy didn't change. The only thing that changed was our mindset I would say is while it is tough seeing your account balance drop by five figures, you know, every week. At the same time when we were still investing |
0:25.3 | every month and we disputed as we're getting more shares for a cheaper price because our current perception on the companies were invested or the market |
0:36.8 | itself hadn't changed. |
0:38.9 | It was just the psychological aspect of what was driving the market. |
0:43.0 | We had faith that when we needed the money in 10, 20 years |
0:46.0 | that the market would have more |
0:48.0 | enough time to recoup, so we weren't worried about selling anything |
0:51.0 | and actually, I don't think we sold anything during |
0:53.6 | last year while the market went down we just bought every month. Don't be afraid to |
0:59.6 | you know ask questions or listen to someone or get advice on someone whose strategy is completely different from your own because it may change your perspective. |
1:09.2 | Welcome millionaires and future millionaires. You're listening to the Millionaires Unveiled Podcast. |
1:15.2 | The show where you'll hear the stories and interviews |
1:17.5 | of everyday millionaires will unveil their decisions, |
1:20.6 | their strategies, and their portfolio allocations. |
1:24.0 | Now to your host, Jayce Matinson. |
1:27.0 | Welcome. Welcome back to another episode of the Millionaires of the Podcast. |
1:37.0 | This is episode number 297. |
1:39.3 | Stace, how's it going? |
1:40.8 | What's going on in your world? I think I've had a most exciting week than you. |
1:45.0 | What's going on in your world is the real question. |
1:48.0 | Well, we did celebrate nine years this last week, which was great, |
... |
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