4.8 • 872 Ratings
🗓️ 25 June 2018
⏱️ 38 minutes
🧾️ Download transcript
Jack, an industrial engineer with a current net worth of 1.0M, is 30 years old with three kids. He works in the auto industry and helps his wife with a blog business on the side. He holds about 300K in his 401(K), 50K in his Roth IRA, and 14K in his HSA. His side business (blog) cash flows about 30K per month. As such, he plans to retire soon from his corporate job. During the interview with Jack, we discuss his financial goals, what he did to celebrate millionaire status, and how he decides how much to invest in his personal business vs other investment alternatives.
Jack wanted to share his free ebook of the 10 strategies he used to go from a broke college kid to 30 year old millionaire. You can download it at https://ninetofi.com/
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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. We're going to start |
0:54.2 | sending out emails and give some a millionaire analysis of some of the people we've |
0:58.0 | interviewed. We've emailed over you know 40-50 millionaires now. Interviews completed and so we're starting to analyze some of the |
1:05.0 | data 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. |
1:14.0 | So on today's show we have Jack and he's an industrial engineer worth 1 million. |
1:18.0 | He just barely hit 1 million and so we talked to him about how he celebrated, |
1:22.0 | if he celebrated I guess rather, and what his financial |
1:25.1 | goals are for the future. |
1:27.4 | He has about 300,000 in his 401k, about 50 in Roth, 14 in HSA, he also has some money in a taxable count and a 529. |
1:38.0 | He also has a side business and so we talked to him about that business and that's currently cashfilling |
1:43.6 | about thirty thousand dollars a month and so we talked to him about his plans for |
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