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Millionaires Unveiled

347: Net Worth of $1+M - A Modern Day Gold Digger Who Lost Over $1 million During Covid

Millionaires Unveiled

Jace Mattinson

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

4.8872 Ratings

🗓️ 4 March 2024

⏱️ 41 minutes

🧾️ Download transcript

Summary

Summary

Ben has a net worth of $1+ million. In this episode, Ben shares his background and current ventures, including running a marketing company and investing in mining. He discusses his net worth and asset allocation, highlighting his shift from real estate to business investments. Ben also explains his journey in real estate investing, from renovations to subdivisions and small developments. He shares his transition to business and the importance of return on cash.

Lastly, Ben talks about his unique investment in mines and his future goal of reaching a net worth of $10 million. In this conversation, Ben shares his passion for financial freedom and making an impact. He discusses his goals of achieving $10 million in liquid assets and helping young entrepreneurs through his business, Youth in Business. Benjamin also explores the psychological significance of the $10 million milestone and the importance of measuring impact. He shares his experiences with expensive purchases and the most fun he's had with money. Benjamin reflects on lessons from his childhood and the craziest things he's done to earn money. He discusses how his financial habits have changed since becoming a millionaire and shares a closely held belief that he recently changed. Finally, Benjamin offers advice for beginners, emphasizing the importance of learning to sell and embracing mistakes.

Takeaways

*Ben has a diverse background in running a marketing company, investing in real estate, and mining.
*He emphasizes the importance of asset allocation and the need to spread investments across different strategies.
*Ben shares his journey in real estate investing, from renovations to subdivisions and small developments.
*He highlights the significance of return on cash and the potential for higher returns in business investments. Passion for financial freedom and making an impact drives Benjamin Jones.
*His goals include achieving $10 million in liquid assets and helping young entrepreneurs through Youth in Business.
*The $10 million milestone holds psychological significance as the next logical goal.
Measuring impact is important, and Benjamin aims to help 100,000 young entrepreneurs next year.
*Benjamin shares experiences with expensive purchases and the most fun he's had with money.
Lessons from childhood include the value of hard work and the importance of learning to sell.
*Benjamin reflects on the craziest things he's done to earn money and the financial habits he's changed since becoming a millionaire.
*He recently changed his closely held belief that more people on a project lead to better results.
*Advice for beginners includes learning to sell and embracing mistakes.

Transcript

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0:00.0

Cash is one and time is the other, right?

0:01.9

So time is just when you can't get back.

0:04.3

So in terms of, like, if you had to invest a dollar,

0:07.0

I think probably the best way of looking

0:08.2

is like, where's, you know, how can I get the best return

0:11.1

with the least risk in the shortest amount of time possible.

0:13.9

So that's kind of something that I try and live by a bit.

0:17.6

And then obviously you can't put all your eggs in one basket either, so you've got to kind of spread

0:21.4

it out a little, asset allocation.

0:23.5

But yeah, so I mean, I mean, that's kind of what I'm looking for there.

0:26.1

I guess you'd probably call me a bit more aggressive

0:28.2

with my investment strategies than say,

0:30.1

you know, like I'm not just,

0:31.5

I'm not just sitting in the index funds waiting for

0:34.5

waiting for that to happen over a long period of time I'm probably a bit more active with my

0:37.8

investments but I mean everyone's got their own thing so.

0:40.4

Welcome millionaires and future millionaires.

0:43.6

You're listening to the Millionaires Unveiled Podcast.

0:46.3

The show where you'll hear the stories and interviews of everyday millionaires will

0:50.3

unveil their decisions, their strategies, and their portfolio allocations.

0:54.5

Now to your host, Jayce Matinson.

0:59.6

Welcome back to another episode of The Millionaires Invailed

...

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