4.8 • 872 Ratings
🗓️ 22 July 2019
⏱️ 41 minutes
🧾️ Download transcript
Todd, a 33-year-old sales manager (wife works in project management), shares his story and investment allocation. He and his wife have a current net worth of $650K with $525K invested in equities. Of the $525K, roughly 70% is invested domestically, while 30% is invested internationally. Todd also discusses changing one's investment allocation over time, living in a high cost of living area, and what FIRE means for him. He also shares that they spend about $100K annually.
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0:00.0 | And you know, I think overall the financial education is unfortunately lacking. It's no one's fault, but I don't think we're taught at any point growing up. It's something you pick up from either your family or you have to pursue it on your own. |
0:12.5 | So take advantage of automatic investing, |
0:14.8 | take advantage of, you know, that kind of mentality |
0:18.1 | of hiding money from yourself. |
0:19.7 | Because you really do see the progress. |
0:21.4 | And by tracking it in increments you'll see that |
0:23.5 | hopefully quarter over quarter and year over here. |
0:26.1 | You're listening to the Millionaires Unvealed Podcast, where you'll hear the stories and |
0:32.1 | interviews of everyday millionaires. |
0:35.0 | We'll unveil their decisions, their strategies, and their current portfolio allocation. |
0:42.0 | Now to your hosts, Clark Sheffield and Jays Matinson. |
0:47.0 | All righty, hello and welcome back to another episode of the Millionaires Unveiled |
0:52.4 | podcast. This is episode |
0:54.3 | number 91. On this show we tell the stories and strategies of everyday |
0:58.2 | millionaires and unveil their current portfolio allocations. To date we've interviewed nearly 100 |
1:03.6 | millionaires and our goals to share their information, strategies, mistakes, and |
1:07.8 | advice with you. Last week on the show we had Mr. Hobo millionaire. He has a net worth of around $8 million. He's an entrepreneur and |
1:16.0 | also talked about his Airbnb rentals used specifically for mountain biking. He talked |
1:21.1 | about the ups and downs of entrepreneurship, his retirement plans, and even shared that his goal right now is to invest $300,000 per year in the Vanguard Total Stock Market Index Fund. |
1:31.0 | It's interesting to note that most of his investing |
1:33.2 | started just seven years ago. He really started in 2012. So if you haven't heard that |
1:37.5 | episode, go check it out. That's episode number 90. Before we get into the show, |
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