81: Net Worth of 1.2M - What Should I do with $200K of Cash?

Millionaires Unveiled

Jace Mattinson

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

4.8 • 872 Ratings

🗓️ 13 May 2019

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Steve, an entrepreneur in his young thirties, recently received a payout from his tech company. Besides his $200K in cash holdings, he also has $500K in home equity, $200K in the market, and an additional $200K in business equity. Of the money invested in the market, over 50% is invested in the S&P. He discusses his career path in technology and computer science, how equity in a new business works, and concludes with terrific advice on balancing one's career and family.

Transcript

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0:00.0	You're listening to the Millionaires Unvealed 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 Matinsen. J. Madsen.
0:29.4	Hello and welcome to another episode of the Millionaires Unveiled Podcast where we tell the stories and strategies of everyday millionaires and unveil their portfolio allocations.
0:34.0	This is Jace here alongside with my co-host Clark and this is episode number 81.
0:38.0	Last week on the show we had Dom.
0:40.0	Dom is in his early 30s, young executive with a net worth of just over a million dollars.
0:45.4	Dom is a great story from growing up on welfare to becoming a millionaire today.
0:49.2	You'll definitely want to check that out.
0:51.0	If you're new to the show or whether you've been listening for a while, we appreciate you
0:54.7	tune into the podcast. On this podcast, we share the stories and strategies of everyday
0:59.1	millionaires. Our hope is to bring these stories to you and help all of us learn about how these
1:03.2	millionaires have achieved success.
1:05.8	A special thanks to our sponsor, Equity Multiple, for supporting today's episode.
1:10.3	One of the tried and true paths to becoming and staying a millionaire is establishing passive income streams.
1:15.6	Perhaps the most tried and true passive income channel for savvy investors is commercial real estate.
1:21.2	Equity in multiple connects to credit investors with pre-vetted exclusive commercial real estate investments
1:26.3	and with investment minimums as low as $10,000.
1:30.0	With Equity Multiple, you can allocate a meaningful portion of your portfolio to professionally
1:34.0	manage commercial real estate and create a stronger and more diversified portfolio.
1:39.2	Head to equity multiple.com.
	...

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