38: Net Worth of 1.3M - Product Manager Still Paying Rent

Millionaires Unveiled

Jace Mattinson

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

4.8 • 872 Ratings

🗓️ 16 July 2018

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Adam, a product manager, has a current net worth of 1.25M. He has 200K in retirement accounts and over one million in other brokerage and investment accounts. He's a big proponent of the Vanguard Total Stock Market Index Fund (VTSMX) - a fund that claims over 40% of his holdings. He also as over 20% in Vanguard Total International Stock Index Fund (VGTSX). Adam also has around 5% of his portfolio (nearly 75K) in cryptocurrency. He spends about 55K per year and hit is first million at age 35.

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.
0:27.5	Thanks for tuning into the Millionaires Unveiled Podcast. We continually are trying new things with the show. So if you'd like new questions or you have any new suggestions for
0:31.0	us, feel free to reach out.
0:32.8	We're happy to hear it a couple of you listeners have,
0:35.1	and we definitely appreciate it.
0:37.1	If you'd like to be on the show,
0:38.8	as it's either a millionaire interview
0:40.4	or as a guest interview, please feel free to reach out.
0:43.0	We're happy to have anybody on.
0:45.0	We've had many guest interviews who aren't yet millionaires
0:48.0	but are on their way to becoming such.
0:50.0	So, also we have some multifamily investing opportunities in both the southwest and the northeast regions.
0:57.0	We've continually had higher IRRs and success and we're partnering with a couple guys that have a great track record of
1:04.1	success excuse me so if you're interested in investing please feel reach
1:08.0	please feel free to reach out we continue to work on audio quality and other things with the show so thanks again for tuning in and listening to the millionaire's unveiled podcast
1:18.1	So on today's show we have Adam and he has a current net worth of 1.25 million and that includes about 80
1:25.2	K in his 401k and 110 in Roth IRAs and then he has a lot in just brokerage
1:31.6	and investment accounts he spends about $55,000 a year and we talked to him
1:36.2	about that spending and whether he expects that to increase in the future and how much he thinks
	...

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