Millionaires Unveiled

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247: Net Worth of 9.5M - Investing Through Your Roth IRA Jul 12, 2022

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TJ has a current net worth of about $9.5M. Although he is very diversified in his holdings, the largest pieces are his ownership in two environmental companies, and a personal hard money lending company. He has about 4.2M in retirement accounts, 1.2M in a traditional brokerage account, and over 2.8M in loans made collateralized by real estate. We discuss investing through his Roth IRA, work/life balance, and financial goals for the future.

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246: Net Worth of 1.1M - Small Business Franchise Owner Jul 05, 2022

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Amber is a small business owner (commercial cleaning/janitorial services) with a net worth of $1.1 million. She has about 600K invested in the stock market and is holding 150K in cash. She shares her journey to millionaire including a mindset shift to buying assets that will make money in the future. Amber, at the age of 40, had a net worth of about 80K. We also discuss financial independence, small business ownership, tax strategies, and whether money brings happiness.

245: Net Worth of 1M - Net Worth Goal of 12M Jun 27, 2022

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Alan has a net worth of one million dollars. He's previously worked as a therapist and now works on the administrative side of the business. He has one duplex and two condo rental properties which cash flow about 20K per year. He discusses doing a Roth IRA conversion, how he lives on 60K per year, his goal to reach 12M net worth, and how tracking his net worth has helped him succeed.

244: Net Worth of 7M - What Will You Do With All that Money? Jun 20, 2022

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Adam has a net worth of 7M, the bulk (5M+) of which is in retirement (1.5M+) and non-retirement (3.5M) accounts invested in the stock market. We discuss his entire allocation as well as his previous vs. current stock vs. bond split. He has a primary home worth about 1.5M and his first million came at age 32. Adam also shares his plans for the future, whether he budgets, how much cash he holds and why, and whether he ever thought he'd reach this level of net worth.

243: Net Worth of 4.5M - Dollar Cost Averaging is the Holy Grail Jun 13, 2022

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Mike has a net worth of 4.5M. He is 38 years old and has the majority of his net worth invested in the stock market divided between both retirement and non-retirement accounts. Mike works in sales and talks about the importance of compounded interest, dollar cost averaging, and paying yourself first. He shares his thoughts about paying off his primary residence early, the FIRE movement, and his financial goals for the future.

242: Net Worth of 1.1M - Avoiding Financial Hardship at Age 32 Jun 06, 2022

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Seth is just 32 years old and has a net worth of 1.1M. Of the 1.1M, nearly 800K is in single family real estate; he has six rentals, four of which are paid off. Seth discusses his financial goals which includes passive income of 80K (currently 38K). He also talks about leverage and how he prefers to have paid for real estate over more real estate with leverage. Seth details what motivates him, including the desire to never experience financial hardship.

241: Net Worth of 4.3M - Stock Market, Small Business, Sports Cards and Real Estate May 30, 2022

Show notes

Adam has a net worth of 4.3M which is divided primarily between real estate (2M), stock market investments (1M), and his small business (1M). He also has educations savings accounts, a 529, HSA, and sports trading cards (valued at 50K). Adam shares how old he was at each million with his first million being at age 35. He discusses how he looks at real estate including analyzing a potential deal and the value of leverage.

240: Net Worth of 1.2M - University Professor Living Abroad May 23, 2022

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Dan is a university professor living in Japan with a net worth of 1.2M. He discusses some of the investment differences and difficulties that arise from living out of the U.S. full time. He also shares the different investment mindsets between what he's observed in America vs. Japan. Dan has most of his net worth in real estate - both in his investment properties and those he's invested in as a limited partner. He also has 225K in the equity markets, 100K in cash, and 50K in private lending. He also paid off 20K in student loans.

239: Net Worth of 650K - Trailer Park Plumber; Max Annual Income of 40K May 16, 2022

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Mark is 53 years old, owns his own plumbing business and flips the occasional trailer/mobile park home. He never went to college and has never made over 40K annually; at one point he had 50K in credit card debt. His net worth is primarily held in mobile homes which he fixes up, then flips and finances to the next buyer. Mark shares his thoughts on taking career chances, starting early, and the risk/reward of small business.

238: Net Worth of 1.9M - The Risk/Reward of Penny Stocks May 09, 2022

Show notes

Today's guest has a net worth of 1.9M which is broken out between real estate (five single family rentals that cash flow about 100K per year) and traditional stock market investments. Mr. Fig has no money in tax protected retirement accounts. He shares how he started in real estate (buying foreclosures following the 2008 market crash), and his new found interest in the stock market.

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