34: Net Worth of 1.3M - Mechanical Engineer

Millionaires Unveiled

Jace Mattinson

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

4.8 • 872 Ratings

🗓️ 18 June 2018

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Chris is 46 years old, has three children, and has a background in mechanical engineering. His current net worth is 1.3M. He works for a global fortune 500 healthcare company and holds about 900K in traditional IRAs and his 401(k). He has worked for the same company for over 22 years. He prefers VTSAX, the Vanguard total stock market index fund, and discusses why that's his fund of choice. He also shares what a family vacation costs him, and discusses his SEPP retirement plan.

Transcript

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0:00.0	You're listening to the Millionaires Unveiled Podcast, where you'll hear the stories and
0:06.0	interviews of everyday millionaires.
0:09.1	We'll unveil their decisions, their strategies, and their current portfolio allocation.
0:15.8	Now to your hosts, Clark Sheffield and Jace Matinson.
0:19.5	Thanks for listening to the Millionaires Unveiled Podcast, just a few things before we get in today's episode.
0:28.0	If you like the show, please leave us a review on iTunes or Stitcher.
0:32.0	We love getting the word out and trying to get new listeners.
0:35.2	This week we're excited. We briefly cracked the top 20 business podcasts on iTunes and
0:39.6	also the top five investing podcasts on iTunes and so we're happy that the
0:44.4	podcast is starting to get around and help people with investing and
0:47.6	strategies and and those sort of things. Also if you'd like to we appreciate if you subscribe to our emails.
0:53.8	We're going to start sending out emails and give some a millionaire analysis of some of the people
0:57.8	we've interviewed.
0:58.8	We've emailed over 40, 50 millionaires now.
1:02.3	Interviews completed, and so we're starting to analyze some of the data
1:05.3	we've collected from that and trying to get some valuable information.
1:10.2	So thanks again for listening and we definitely appreciate it.
1:15.1	So on today's show we have Chris and he's an engineer with a net worth of 1.3 million.
1:21.3	He's pretty heavily invested in the markets with 900,000 in traditional
1:26.6	401k and IRAs and he also has 200,000 in home equity. We talk with him
1:40.0	about when he hit his millionaire status, how it felt to become a millionaire, and what expenses were worth it along the way. He talks also about his SEP 72T retirement strategy, something that's unique to our show as far as that we haven't discussed it before.
1:50.0	He talks about his desire to travel and his family's you know enjoyment of traveling and talks about some of the places he's been on and we also try something new with him this episode
	...

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