343: Net Worth of $1.0M+ - A Corporate America Drop Out to Philanthropist

Millionaires Unveiled

Jace Mattinson

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

4.8 • 872 Ratings

🗓️ 5 February 2024

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Jerome Myers, a corporate America dropout, has a net worth of $1.0+ million. He has an old 401k and some other market investments but is primarily in real estate now. He shares his journey of leaving his job and starting a successful real estate business. He discusses the challenges and lessons he learned along the way, including the importance of having a stable income and the risks of being too aggressive in real estate.

Jerome also shares his goals of reaching a net worth of $10 million and giving back through education and supporting teen moms. He emphasizes the value of creating experiences and spending money on what truly matters, rather than trying to impress others. Overall, Jerome's story is one of perseverance, growth, and the pursuit of work optional lifestyle.

Takeaways

-Leaving corporate America and starting a real estate business can be a challenging transition, but with proper planning and a stable income, it can lead to success.
-Being too aggressive in real estate can be risky, and it's important to have a long-term perspective and the ability to ride out market downturns.
-Setting financial goals, such as reaching a net worth of $10 million, can provide motivation and a sense of purpose in building wealth.
-Giving back and supporting causes that are important to you can bring fulfillment and make a positive impact on the world.
-Spending money on experiences and creating memories with loved ones is often more valuable than material possessions or trying to impress others.

Transcript

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0:00.0	for a lot of people they get rid of those dreams and they become practical while they're progressing through
0:06.7	the different promotions that come to you as you're going through your career and so I kind of put that dream on the shelf
0:13.6	and then come back to it.
0:15.1	And then when I exit, I was like,
0:16.4	man, this is a place I need to go.
0:17.9	It's what I always said I wanted to do.
0:19.8	The time is now if I'm a bet on myself.
0:22.0	And so, welcome millionaires and future. time is now if I'm a bet on myself and so
0:22.8	welcome millionaires and future millionaires you're listening to the
0:26.6	millionaires unveiled podcast the show where you'll hear the stories and
0:30.2	interviews of everyday millionaires will unveil their
0:33.2	decisions their strategies and their portfolio
0:36.2	allocation. Now to your host J.S. Mattingen
0:40.0	Welcome back to the 9 of the Miller Years and failed podcast. This is episode
0:46.4	number 343. Stace, how's it going? Going great. I think that maybe you should share your unplugging.
0:56.9	Yeah, I know. It's been a few weeks since I've been on the mic.
0:59.7	Listenings probably had no idea, but that's all good. But but yeah I unplugged a little bit and
1:05.3	spend some time down in Colombia and Aruba.
1:11.8	Shout out to our Colombian listeners.
1:14.0	There's quite a few of you, I know.
1:16.0	Wish I could have told you I was coming before, but yeah, kind of kept a little under the
1:20.6	raps until I got back. I didn't know what to expect but a beautiful country.
	...

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