402: Net Worth Of $3.0M+ - Health, Wealth & Legacy

Millionaires Unveiled

Jace Mattinson

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

4.8 • 872 Ratings

🗓️ 24 March 2025

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode, Nic shares his unique journey from working for free in family offices to building a successful career in real estate investment. He has a net worth of $3+ million. He discusses the importance of mentorship, networking, and hard work in achieving financial success. Nic emphasizes his focus on real estate as a wealth-building tool and outlines his goals for the future, including a target of one billion in assets under management. He also reflects on the legacy he wishes to leave for his children, prioritizing knowledge and hard work over mere financial inheritance.

Nic shares his insights on financial habits, personal growth, and the importance of experiences over material possessions. He discusses his investment strategies, the lessons learned from childhood, and the impact of education on financial decisions. Nic emphasizes the significance of cash flow in investments and reflects on his early entrepreneurial ventures. He also shares his changing perspective on homeownership and offers advice for aspiring entrepreneurs in today's economic landscape.

Takeaways

Nic's early exposure to entrepreneurship shaped his career aspirations.
He worked for free to gain valuable experience and mentorship.
Real estate became his primary focus due to its cash flow potential.
Networking with high net worth individuals was crucial for his success.
He aims to achieve one billion in assets under management.
Health, wealth, and legacy are his primary focus areas.
He believes in teaching his children the value of hard work.
Philanthropy will play a larger role in his future plans.
His investment strategy is centered around single-family mortgages and industrial real estate.
He values the lessons learned from his mentors and aims to pass them on. Working hard pays the highest dividends.
Don't be patient; get there as fast as you can.
Experiences are more valuable than material possessions.
Invest with intention and clarity on outcomes.
Understanding cash flow is crucial for financial success.
Education can yield both positive and negative returns.
Early entrepreneurial ventures can teach valuable lessons.
Homeownership can provide joy and stability for families.
Learning about the economy opens up opportunities.
There is more opportunity now than ever before.

Sound Bites

"I was willing to work for free to learn."
"I kept my group of friends very small."
"Patience is not a virtue."
"Experiences are worth 2x, 5x, 20x."
"Education has been on both sides."
"I realized I hated it."
"Buying a home was an insane blessing."
"I geek out on powerlifting."

Transcript

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0:00.0	I would say the number one thing that I would say at this stage, which is an interesting time of the country's history, an interesting time with more opportunity than I truly believe we've ever had in decades and decades.
0:11.6	But I believe the wheels of economics, the wheels of the economy are turning more than ever and impact small businesses more than ever.
0:20.0	What I'd say is learn as
0:22.6	much as you can about the economy, learn as much as you can about business, become sophisticated
0:28.3	and understanding your way around that because all that information is now out there.
0:33.0	Welcome millionaires and future millionaires. You're listening to the Millionaires Unveiled
0:38.0	podcast, the show where you'll hear the stories and interviews of everyday millionaires
0:42.3	will unveil their decisions, their strategies, and their portfolio allocation.
0:48.0	Now to your host, Jace Matanson.
0:52.6	Welcome back to another episode of the Millions and Velt podcast. This is episode number
0:56.4	402. This is the podcast that takes you behind the scenes with self-made millionaires to reveal
1:01.8	the real stories, hard lessons, and surprising truths about building wealth. We are your host,
1:06.3	Jason Stacey, and each week we dive into the journeys of individuals who have achieved
1:09.7	financial independence. Whether you're looking for inspiration, actionable advice, or just we dive into the journeys of individuals who have achieved financial independence.
1:15.1	Whether you're looking for inspiration, actionable advice, or just a glimpse into the mindset of those who've made it, you're in the right place. Get ready to learn how they did it and how you can
1:19.2	too. Our conversations are always candid and only edited to stay family friendly.
1:24.0	Temperatures are starting to rise and yeah, I'm excited. Today's guest, he's got now
1:31.2	worth of $3 million. It's Nick. Actually, I should say 3 plus. He was hit 3 when he turned 30,
1:39.7	primarily in real estate, but has some investments in business and some other asset classes as well.
1:46.1	It's quite the journey from working for free to learn the ropes in a family office.
1:52.4	And yeah, we're going to get in all the details today.
1:54.8	Going to be a great episode with him.
	...

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