380: Net Worth Of $5.3+M - Appreciating Loved Ones & Embracing Life

Millionaires Unveiled

Jace Mattinson

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

4.8 • 872 Ratings

🗓️ 21 October 2024

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode, Mark shares his journey to financial independence and early retirement. He retired from law enforcement after 28 years and now works part-time as a civilian investigator. Mark's net worth is over $5 million, with investments in taxable brokerage accounts, IRAs, UTMAs, and 529s. He also receives a pension of $100,000 per year. Mark inherited a large sum of money, which helped him achieve his financial goals. However, his journey was not without challenges, as his wife was diagnosed with stage 4 cancer and passed away around the same time he received his inheritance. Mark has found solace in keeping busy and enjoying life, including purchasing a Porsche and going on vacations. He emphasizes the importance of not taking life for granted and appreciating loved ones.

Takeaways

Maximizing contributions to retirement accounts and investing early can lead to financial independence.
Inheritance can significantly impact one's net worth and financial goals.
Life events, such as illness and loss, can change financial plans and priorities.
Finding ways to keep busy and enjoy life after retirement is important for mental well-being.
Appreciating loved ones and not taking life for granted is a valuable lesson.

Transcript

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0:00.0	I would say for me don't take life for granted. I had a lot of guilt when and regret when when my wife passed away because there were so many things that I felt that we hadn't done or that I hadn't appreciated, which was, you know, my
0:19.1	was her and in the lifestyle that we had. I think I was always never really pleased and now it's I'm kind of like
0:28.6	relearning how to live life. Welcome millionaires and future millionaires.
0:34.0	You're listening to the Millionaires Unveiled Podcast.
0:37.0	The show where you'll hear the stories and interviews of everyday millionaires will unveil their decisions,
0:42.3	their strategies, and their portfolio
0:44.4	allocations. Now to your host, J. Smattinson.
0:50.0	Welcome back to an episode of Millioners and Ville Podcast. This is episode
0:56.0	of a 380. This is the podcast where everyday millionaires share the real stories
1:01.1	behind their wealth. How they built it, what they invested in, and the challenges they faced along the way.
1:06.0	We're your host, Jason Stacey, and today we have a truly inspiring guest who not only serves
1:11.0	his community as a law enforcement officer, but is also
1:14.5	navigating the journey of life after loss. Our guests will share how he
1:18.4	transformed his financial landscape while dealing with the profound changes in
1:22.0	his personal life.
1:23.2	So tune in and get ready to discover how regular people like us
1:26.2	turn their aspirations into achievements, even in the face of adversity.
1:30.8	Our conversations are always unscripted and only edited to stay family-friendly.
1:35.0	Definitely cannot wait for today's guest.
1:38.0	Mark's got a net worth of five plus million dollars.
1:41.0	He inherited 2.3 of it, which is an interesting conversation,
1:44.8	probably the largest inheritance we've had on the podcast to date. And it's quite the story that
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