413: Net Worth Of $7.0M - A CPA and a Cop Turned House Husband Walk Into a Motel...and Buy It

Millionaires Unveiled

Jace Mattinson

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

4.8 • 872 Ratings

🗓️ 9 June 2025

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode, Tony (and Melissa) shares his unique journey from being a house husband to becoming a successful motel owner and real estate investor. He has a net worth of $7.0 million mostly in real estate. He discusses the challenges and rewards of managing motels, the importance of family in his business ventures, and how he has built a substantial net worth through strategic investments. Tony also reflects on his lifestyle changes post-retirement, including his travel experiences and financial habits, while offering valuable advice for aspiring entrepreneurs.

Takeaways

*Tony transitioned from a house husband to a motel owner.
*He invested profits from motels into real estate.
*His daughter is his business partner in the motel venture.
*Tony's net worth is approximately $7 million.
*He emphasizes the importance of family in his business.
*Tony's journey involved significant risk and research.
*He enjoys a luxurious travel lifestyle post-retirement.
*Tony's financial habits have evolved since becoming a millionaire.
*He aims to create a legacy for his children and grandchildren.
*Tony advises others to find their passion and pursue it.

Transcript

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0:00.0	each individual unit is owned privately, but they pay a fee for someone to run and look after
0:05.1	it. That's what I was looking at doing. So when the girls moved out and I decided to start that
0:09.3	up, the other daughter said, hey, don't get a bigger one and we'll do it together. I thought,
0:13.0	well, it's not really the whole idea. The whole idea was to sit on a beach and mow lawns and not
0:18.4	do much, but it's hard to scale that up to something big enough to
0:22.6	people.
0:23.6	So we looked around for something similar and it became a motel.
0:26.6	Permanent on-site management for nearly four years.
0:28.6	So we did everything.
0:29.6	We did reception, maintenance, everything but the cleaning.
0:33.6	We had a team of cleaners, but we ran the laundry, we ran the washing machines,
0:38.1	dries, ironers, everything you could think of. And then we just had the set of cleaners to do
0:44.1	the daily cleans of the rooms. And it still was piling up. So we thought, well, you've got to
0:49.2	spend it. You can't just sit back and count it forever and die with it. So that's something that comes up in your
0:55.5	podcast a lot is how people change their mindset from stacking it up to actually getting around
1:01.7	to spending it. And I've gotten to that stage now where I'm thinking I've got to spend it
1:06.7	and spend more of it to make sure that it's not just left stacked up behind me when I've gone.
1:12.5	Welcome Millionaires and future millionaires. You're listening to the Millionaires Unveiled
1:17.4	podcast, the show where you'll hear the stories and interviews of everyday millionaires
1:21.8	will unveil their decisions, their strategies, and their portfolio allocations.
1:27.4	Now to your host, Jace Mattson.
1:32.4	Welcome back to another episode of the Millionaires on Vail podcast.
	...

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