72: Net Worth of 500K - 31 Years Old, Journey to Financial Independence

Millionaires Unveiled

Jace Mattinson

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

4.8 • 872 Ratings

🗓️ 11 March 2019

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Steve is 31 years old with a current net worth of 500K. He has 100K in home equity, 100K in the Vanguard index fund, VTSAX, 230K in retirement accounts, and about 40K total in educations savings accounts, cash, and a 529 plan. He and his wife (school teacher) have one child and spend about 50K per year; they currently save about 60K per year. Steve discusses how he was able to grow his income, how to work with your spouse on money, and the affect goal setting has had on his 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
0:07.6	interviews of everyday millionaires.
0:10.6	We'll unveil their decisions, their strategies, and their current portfolio allocation.
0:17.0	Now to your hosts, Clark Sheffield and Jace Mattson. SIN. Welcome to the Millionaires Unveiled Podcast with Clark and Jace.
0:28.2	This is episode number 72.
0:31.0	If you're new to the show or whether you've been listening for a while, we appreciate you tuning into the podcast.
0:36.0	On this show we share the stories and strategies of everyday millionaires,
0:40.0	and our hope is to really bring these stories to life and help all of us learn about how these
0:44.0	millionaires have achieved great financial success. We have a new giveaway this month. The giveaway includes a copy of
0:50.8	Serafelas new book titled The Next Millionaire Next Store and a $50 visa gift card.
0:57.4	To enter the giveaway, we're asking that you do two things.
1:00.8	Number one is to join our email list at Millionaires Unveale.
1:05.0	And two is to subscribe to our show and leave a review on either iTunes or Stitcher.
1:10.0	A special thanks to Equity Multiple for supporting the show.
1:14.0	One of the tried and true past to becoming and staying a millionaire is establishing passive income streams.
1:20.0	Perhaps the most tried and true passive income channel for savvy investors is commercial real estate.
1:24.8	Equity Multiple connects accredited investors with pre-vetted exclusive commercial real estate
1:30.0	investments with investment minimums as low as $10,000.
1:33.7	With Equity Multiple you can allocate a meaningful portion of your portfolio to professionally
1:38.0	managed commercial real estate and create a stronger and more diversified portfolio.
1:43.0	Head to Equity Multiple.com
1:45.0	forward slash millionaires to learn more.
	...

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