42: Net Worth of 3.0M - First Million at Age 45

Millionaires Unveiled

Jace Mattinson

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

4.8 • 872 Ratings

🗓️ 13 August 2018

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today's episode features a radiologist with a current net worth of 3.0 million. He hit his first million at age 45 and his second million just two years later. He holds 500K in his 401K, 500K in a standard brokerage account, and 500K in syndicated real estate deals. We discuss the mantra that doctors are bad with money and how he thinks that's changing. Furthermore, he shares his investing insights, how to work on the side, and his goals for financial success.

Transcript

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0:00.0	You're listening to the Millionaires Unveiled Podcast, where you'll hear the stories and interviews of everyday millionaires.
0:09.0	We'll unveil their decisions, their strategies, and their current portfolio allocation.
0:16.0	Now to your hosts, Clark Sheffield and Jace Matinson. Thanks for a tune into the Millionaires Unveiled Podcast. We continually are trying new things
0:27.2	with the show. So if you'd like new questions or you have any new suggestions for us,
0:31.5	feel free to reach out. We're happy to hear it a couple of
0:33.8	you listeners have and we definitely appreciate it if you'd like to be on the
0:38.0	show as either a millionaire interview or as a guest interview please feel free to reach out.
0:43.2	We're happy to have anybody on.
0:44.9	We've had many guest interviews who aren't yet millionaires but are on their way to becoming such.
0:49.8	So also we have some multifamily investing opportunities in both the southwest and the northeast
0:56.1	regions.
0:57.1	We've continually had higher IRRs and success and we're partnering with a couple guys that have a great track record of
1:03.9	success excuse me so if you're interested in investing please feel reach please feel free to
1:08.9	reach out we continue to work on audio quality and other things with the show, so thanks again for tuning in and listening to the Millionaires Unveiled Podcast.
1:18.0	So on today's show we have X and he is a 47 year old radiologist with the current net worth of 2.3 million if you don't count his home and if you count his home and his college savings for his daughter he has a net worth of over 3 million.
1:32.0	He hit his first million at the age of 45 and his second
1:36.0	million just two years later. He currently holds about 500,000 in his 401k, 500,000 in a separate brokerage count, and 500,000 in sticated real estate deals.
1:48.0	We talk with them about why doctors are better with money and how he thinks that's changing.
1:52.4	We also discuss with 10 the biggest risks of losing his wealth in the future
1:56.0	and what he's doing now to deal with those risks.
1:59.0	And lastly, we discuss with him his financial goals for the future
2:02.0	and when he plans to retire.
	...

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