97: Net Worth of 1.1M - Female on FIRE, Paid off $110K of Student Loans

Millionaires Unveiled

Jace Mattinson

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

4.8 • 872 Ratings

🗓️ 2 September 2019

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Courtney and her wife have a current net worth of $1.1MM. About $600K of that is invested in the market, 60% of which is in stocks, and 15% in bonds. They also hold a significant portion of their net worth, about 25% in cash and have $210K in home equity. We discuss her mindset on FIRE, her FIRE number, safe withdrawal rates, and how she and her wife overcame student loan debt of $110K. Their household spending is about $25K annually including about $450 per month on food.

Transcript

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0:00.0	To me that's what fire is in terms of a definition, but beyond that it's more of a lifestyle.
0:07.0	It's more of understanding that you don't need to keep up with the Joneses on top of that, you know, you don't need to keep up with the Joneses on top of that you know you don't need to keep up with all the celebrities out there who you know are showing off this mansion and this car and whatever it's bad enough as is just trying to keep up with the Jones is.
0:24.9	But now you know with social media everyone's posting their dream life and which is not
0:30.6	reality and it's just being aware of that like being aware of what you
0:34.8	value and what brings you joy and focusing on that it's a mindset shift it's
0:40.9	understanding that true happiness does not have to be expensive.
0:46.0	You're listening to the Millionaires Unveiled Podcast,
0:50.0	where you'll hear the stories and interviews of everyday millionaires.
0:55.0	We'll unveil their decisions, their strategies, and their current portfolio allocation.
1:02.0	Now to your hosts, Clark Sheffield and Jace Matinson.
1:06.0	Hello and welcome back to the Millionaires Unveale Podcast. This is episode number 97.
1:12.0	On this show we tell the stories and strategies of everyday millionaires
1:15.4	unenvelled their current portfolio allocations. On today's show we have Courtney.
1:19.9	Courtney is in her 30s, she lives in Canada with her wife and child.
1:24.0	She has a net worth of $1.2 million and is on fire.
1:28.0	In fact, she's planning to retire to travel the world within the next year.
1:32.0	Last week on the show we had Marco. travel the world within the next year.
1:33.0	Last week on the show we had Marco.
1:35.1	Mark was the host of a podcast titled Passive Real Estate Investing.
1:39.4	He shared his thoughts on all things real estate investing, including his 10 rules of successful real estate investing
1:46.1	including the ability and opportunity to invest in real estate outside of one's principal place of
1:51.3	residence. We were on Marco's show recently and we talked of One's Principal Place of Residents.
	...

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