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Millionaires Unveiled

41: Net Worth of 1.9M - Almost a Millionaire, then Inherited a Million

Millionaires Unveiled

Jace Mattinson

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

4.8872 Ratings

🗓️ 6 August 2018

⏱️ 40 minutes

🧾️ Download transcript

Summary

KT has a current net worth of 1.9M. He's 51 years old with the goal to retire in four years, at age 55. He was almost a millionaire, and then inherited one million dollars from his father. KT discusses the inheritance, gives advice for those who receive one, and talks about the art of saying no. He's invested in numerous different real estate deals, has 250K in home equity, and holds up to almost 15% of his net worth in cash.

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.

0:22.0

Thanks for turning into the Millionaires Unveiled Podcast. We continually

0:25.3

are trying new things with the show. So if you'd like new questions or you have

0:29.0

any new suggestions for us, feel free to reach out. We're happy to hear it.

0:33.0

A couple of you listeners have and we definitely appreciate it.

0:36.2

If you'd like to be on the show as either a millionaire interview or as a guest interview, please feel free to reach

0:42.0

out. We're happy to have anybody on.

0:44.1

We've had many guest interviews who aren't yet millionaires

0:47.0

but are on their way to becoming such.

0:49.1

So, also we have some multifamily investing opportunities in both the southwest and the northeast regions.

0:56.0

We've continually had higher IRRs and success and we're partnering with a couple guys that have a great track record of success.

1:04.0

Excuse me, so if you're interested in investing, please feel free to reach out.

1:09.5

We continue to work on audio quality and other things with the show so thanks again for

1:13.9

tuning in and listening to the Millionaires Unveiled Podcast. So on today's show we

1:17.8

have K.T. and K.T has a current net worth of about 1.9 million. He's 51 years old and plans to retire in four years

1:25.9

at the age of 55. He actually inherited $1 million from his father and so he tells the story

1:31.6

about that, about how his father saved up the

1:34.2

money and how he was able to learn from that inheritance and then how he's been

1:37.9

able to grow that money. He holds about 900,000 in a taxable brokerage account with 250K specifically invested in a bond fund.

...

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