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Millionaires Unveiled

415: Net Worth Of $1.1M - From Texas Roots to Living Lean in Cali: How Corey Turned Frugal Into Fortune By 30

Millionaires Unveiled

Jace Mattinson

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

4.8872 Ratings

🗓️ 23 June 2025

⏱️ 42 minutes

🧾️ Download transcript

Summary

Summary

In this episode, Corey shares his journey from Texas to California, discussing his financial strategies, real estate investments, and the lessons learned along the way. He has a net worth of $1.1 million mostly in real estate. Corey is in his early 30's. He emphasizes the importance of patience and long-term thinking in achieving financial independence, while also navigating the challenges of living in a high-cost area. Corey reflects on his career progression, the trade-offs of living beneath his means, and his aspirations for the future, including his consulting work and the pursuit of financial flexibility through real estate.

Takeaways

*Corey moved from Texas to California, emphasizing the value of flexibility.
*His net worth is approximately $1.1 million, diversified across cash, real estate, and investments.
*Corey invests primarily in ETFs, avoiding high-risk assets like Bitcoin.
*He started investing right out of college and has shifted his focus to real estate.
*His first real estate investment was a rental property in Arkansas in 2021.
*Corey values living beneath his means to sustain his lifestyle in California.
*He believes in the importance of patience and long-term planning in finance.
*Corey runs a consulting business focused on personal finance education.
*He aims for $80,000 a year in passive income for financial freedom.
*Corey stresses that financial success is achievable through strategic decisions and hard work.

 

Transcript

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0:00.0

It's a great question. Part of that depends on where my parents end up and there's some other family considerations and how this house hunting journey in San Diego ends up.

0:11.3

I think that long term being California, I have some, my brother lives in California too, and hopefully my parents come here eventually.

0:18.1

I think being California long term is ideal because the weather really is

0:22.4

invaluable to me. And I realize that every time I go somewhere else where it's raining for days

0:25.8

at a time. But one thing to notice about, I appreciate you saying that about my, I guess,

0:32.1

hustle after earning a million dollars. That's great. Four years ago, a million dollars was my fine number.

0:38.0

And I was super set on retiring and what I thought was going to be 31, which is a month from now.

0:43.3

And that has simply not come to fruition because of inflation and changing demands and realizing

0:49.1

that I'm willing to work, you know, maybe 70% is hard for 10 years longer to have the same quality of life

0:55.2

indefinitely rather than cutting my lifestyle in half or more and calling it quits now.

1:00.7

Welcome millionaires and future millionaires. You're listening to the Millionaire's Unveiled

1:05.7

Podcast. The show where you'll hear the stories and interviews of everyday millionaires

1:10.1

will unveil their

1:11.1

decisions, their strategies, and their portfolio allocations.

1:15.7

Now to your host, Jace Matanson.

1:20.6

Welcome back to another episode of the Millions on Phil Podcast. This is episode number 415.

1:26.0

This is the podcast where we dive deep into the inspiring stories of self-made

1:30.1

millionaires from all walks of life.

1:31.7

We are your host, Jason Stacey, and each week we uncover the strategies, setbacks,

1:36.1

and turning points that led these individuals to financial freedom.

1:38.9

Whether you're just starting out or looking to level up your wealth-building journey,

1:42.2

join us as we share the secrets and wisdom from those who have built their fortunes from the ground up. Get ready to learn, be inspired,

...

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