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Millionaires Unveiled

51: How About $100 Million?

Millionaires Unveiled

Jace Mattinson

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

4.8872 Ratings

🗓️ 15 October 2018

⏱️ 35 minutes

🧾️ Download transcript

Summary

In this episode we provide a recap of our last 10 interviews and discuss the lessons and trends we've learned from interviewing nearly 50 millionaires. Thus far, our interviewees have a combined net worth of nearly $100 million. We also provide updates on the show including future guest interviews with Robert Kiyosaki and Tom Wheelwright.

Transcript

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0:00.0

You're listening to the Millionaires Unvealed 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.

0:15.0

Now to your hosts, Clark Sheffield and J.S. Mattsonson.

0:20.0

Welcome to the Millionaires Unvelled Podcast. Today on the show we do not have a special

0:26.9

guest. In fact, we kind of just wanted to review since we just hit episode 50 and our most recent 10 millionaires.

0:35.0

But before we get into that, let's just have a little discussion about some of the numbers and some of the things that we've learned from these millionaires.

0:42.8

You know, to date we've interviewed enough millionaires over 40 plus and the total net worth of all

0:49.9

these millionaires is over 100 million which is pretty remarkable.

0:54.0

Still our averages are around 2.8, 2.9 million.

0:57.6

In fact in this last group of 10 millionaires it's been a little bit less than previous groups of 10 and it's at 18.7 million.

1:06.0

You know a lot of people always ask us especially after we just got back from FinConna

1:10.8

last week what have we learned from these millionaires and what are some of the similarities

1:15.4

and differences?

1:16.4

You know, one thing that's interesting that we've learned is at some point all of these

1:22.4

millionaires had a mentor or somebody that kind of

1:24.7

showed them the way whether it was a parent that showed them how to invest or

1:27.9

taught them about personal finance or maybe they learn from a blog or they learn from you know a friend about what to do

1:36.4

and where to put their money you know it's been interesting too for most of the

1:41.1

millionaires that invest in securities they they're pretty much in index funds.

1:45.4

You know, they don't try to ride the ups and the downs of individual stocks.

1:50.4

They don't try to trade options or futures and in fact a lot of them

...

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