334: Net Worth of $1.0M - I lived Credit Card Statement to Credit Card Statement

Millionaires Unveiled

Jace Mattinson

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

4.8 • 872 Ratings

🗓️ 18 December 2023

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode, Frank shares his journey to becoming a millionaire and paying off his house. His net worth is $1.0 million. He has a chunk in retirement accounts invested in the market, a paid for house worth several hundred grand and the rest is in cash and other small investments. He discusses the importance of hard work and changing financial habits. Frank also talks about teaching his children about finances and his plans for the future. He shares his thoughts on mortgages and home ownership, as well as leaving an inheritance. Frank offers advice for beginners, emphasizing the importance of starting early and educating oneself about personal finance.

Chapters

00:00 Introduction and Background
06:12 Paying Off the House
11:27 Financial Journey and Lessons Learned
15:10 Meeting spouse and working through money conversations
20:47 Alternative Investments
23:47 Thoughts on Mortgages and Home Ownership
25:20 Leaving an Inheritance
30:14 Immediate Goals and Next Steps
32:25 Rapid Fire Questions
37:50 Advice for Beginners

Transcript

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0:00.0	or you could just be out of a job.
0:02.0	And the way I looked at it is if we didn't have a house payment anymore,
0:07.0	and if I needed to, I could go support my family without changing anything that we did day to day
0:12.0	by working at a fast food restaurant.
0:15.0	Interesting, so when did you pay that off?
0:18.0	Welcome millionaires and future millionaires.
0:20.0	You're listening to the Millionaires Unveale Podcast, the show where you'll hear the stories and interviews of everyday millionaires will unveil their decisions, their strategies, and their portfolio allocations.
0:32.0	Nadi your host, J. Mattingen.
0:35.0	Welcome back to another episode of the Managersville Podcast.
0:41.0	This is episode number 334.
0:43.4	Stace, how's it going?
0:45.5	I feel better than I sound.
0:48.8	I'm so sorry, my immune system is just shot when I'm pregnant and I lost my voice a week ago and
0:55.9	we're still struggling but the good news is on today's episode with Frank
1:00.9	which is fantastic.
1:03.4	I have full vocals for that one.
1:06.2	Yeah, well, appreciate you at Charming in real quick,
1:09.2	even despite the Raspberryaspy voice.
1:12.5	We're not sure if it's possibly early allergies,
1:15.5	which you usually don't see in Texas
1:17.4	until kind of January, but we've had some spectacular weather lately,
1:22.1	so may have opened up the allergy season a little early.
	...

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