85: Net Worth of 1.2M - Teacher with a $70K House

Millionaires Unveiled

Jace Mattinson

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

4.8 • 872 Ratings

🗓️ 10 June 2019

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode features Jerry with a current net worth of 1.2M. He and his wife are both teachers and overcame student debt of almost $50K. At the age of 35, Jerry and his wife had a net worth of zero. Through contributing to retirement accounts and frugal habits, they have become millionaires. Jerry divulges his investment allocation which includes a 529 plan, an HSA, and 925K in the Vanguard total stock market index fund.

Transcript

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0:00.0	Because if you just kind of jump in what everyone's doing, you might want to rethink that.
0:05.0	Because what I'm seeing is 30-year mortgages, you know, 8-year car payments, 15-year student loans.
0:12.0	It's like you've been sliced and dice you don't even realize it.
0:14.6	That's just the norm now in America.
0:17.5	You're listening to the Millionaires Unveiled Podcast, where you'll hear the stories and interviews of everyday
0:24.7	millionaires. We'll unveil their decisions, their strategies,
0:29.7	and their current portfolio allocation.
0:32.8	Now to your hosts, Clark Sheffield and Jace Matinson.
0:37.0	All righty, hello and welcome to another episode of the Millionaires Unveiled
0:42.4	podcast. This is episode number 84. welcome to another episode of the Millionaires Unvealed Podcast.
0:43.1	This is episode number 85.
0:46.2	On this show we tell the stories and strategies of everyday millionaires and to unveil their current portfolio
0:51.2	allocations. Last week on the show we had Maria Bruno.
0:55.0	She is the current head of US wealth planning research at Vanguard.
0:58.0	She's worked at Vanguard since 1990 and we talked to her about investing there
1:02.0	the most popular funds at Vanguard,
1:04.8	investment portfolio allocation, and her take on where the market is currently.
1:09.5	Before we get into the show, just wanted to thank our sponsor 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.
1:19.3	Perhaps the most tried and true passive income channel for savvy investors is commercial real estate.
1:24.6	Equity Multiple connects accredited investors with pre-vetted exclusive commercial real estate investments
1:30.2	with investment minimums as low as $10,000.
	...

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