Millionaires Unveiled interviews and tells the stories of everyday millionaires. We provide detailed insight into their investing strategies and current portfolio allocation.
How did they get started? What decisions did they make along the way? How has their portfolio allocation changed, and what are they doing now to not only keep, but also grow, their highly sought after "millionaire" status?
From these extensive and thought provoking interviews, you'll be able to assess your current portfolio allocation, learn investing strategies, and join the fast track to financial success.
346: Net Worth of $17M - From Big Macs to Race Tracks: McDonalds with a Honda to Software with a Ferrari
David has a net worth of $17 million. Most is in his company but he does have over $1 million in real estate, some cars and cash. He shares his journey from being an engineer to becoming financially free through real estate investments and the creation of a software company.
David also talks about his spending habits and the lifestyle changes he made after achieving financial freedom. He shares his decision to leave his job and the challenges he faced in transitioning to entrepreneurship. David emphasizes the importance of buying great real estate deals and managing properties himself. H
e also discusses his plans for the future and managing risk in his investments. In this conversation, David Lecko shares his journey of managing finances, building personal wealth, and making luxury purchases like cars. He discusses his passion for racing and how it has become a meaningful hobby for him. David also talks about how his lifestyle changed over time and the challenges he faced in managing his spending habits. He expresses his love for Austin and the vibrant entrepreneurial community it offers. Finally, he shares advice for beginners, emphasizing the importance of reverse engineering a proven business model.
Takeaways Financial freedom can be achieved by investing in real estate and creating passive income streams. Buying great real estate deals and managing properties yourself can be a successful investment strategy. Transitioning from a W2 job to entrepreneurship requires careful planning and a willingness to take risks. Managing risk in investments can be done by buying properties with good cash flow and focusing on a specific geographic area. Take control of your finances and pay yourself what you deserve for taking the risk to start a business. Find a meaningful hobby that requires you to be fully present and pushes you out of your comfort zone. Be mindful of your spending habits and make conscious decisions about luxury purchases. Build a community of like-minded entrepreneurs who understand and support your journey. Reverse engineer a proven business model to increase your chances of success.
345: Net Worth of $1.2M - Livin' La Vida Locum Tenen
Sophia is a second generation immigrant. She has a net worth of $1.2 million divided between multiple asset classes. She is a traveling Nurse Practitioner in her mid 30's and has had quite the financial journey.
-Traveling for work can bring a lot of financial benefits
-Working in a job you love will help set you up for financial success
344: Net Worth of $1.2M - Another $1 million wasn't going to change my life
Johnson, a former software engineer, has a net worth of $1.2 million. He has all of his net worth in the market in a few different accounts. He doesn't like the idea of having real estate to manage or a business to manage. He is a nomad and traveling the world at the moment and has been for the last few years. He left over $1 million on the table after leaving his job to travel the world.
-Living abroad can stretch your dollar farther
-Work without purpose can get boring and monotonous
-Investments have continued to grow at a rate greater than withdrawal
343: Net Worth of $1.0M+ - A Corporate America Drop Out to Philanthropist
Jerome Myers, a corporate America dropout, has a net worth of $1.0+ million. He has an old 401k and some other market investments but is primarily in real estate now. He shares his journey of leaving his job and starting a successful real estate business. He discusses the challenges and lessons he learned along the way, including the importance of having a stable income and the risks of being too aggressive in real estate.
Jerome also shares his goals of reaching a net worth of $10 million and giving back through education and supporting teen moms. He emphasizes the value of creating experiences and spending money on what truly matters, rather than trying to impress others. Overall, Jerome's story is one of perseverance, growth, and the pursuit of work optional lifestyle.
-Leaving corporate America and starting a real estate business can be a challenging transition, but with proper planning and a stable income, it can lead to success.
-Being too aggressive in real estate can be risky, and it's important to have a long-term perspective and the ability to ride out market downturns.
-Setting financial goals, such as reaching a net worth of $10 million, can provide motivation and a sense of purpose in building wealth.
-Giving back and supporting causes that are important to you can bring fulfillment and make a positive impact on the world.
-Spending money on experiences and creating memories with loved ones is often more valuable than material possessions or trying to impress others.
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342: Net Worth of $1.3M - I Paid $1,000 For My Worst Meal Ever
Jarrett has a net worth of $1.3 million. He shares his journey to becoming a millionaire while working as a power engineer in the oil industry. He discusses his net worth, which is primarily invested in the stock market and real estate. Jarett also talks about his side ventures in real estate and selling life insurance. He shares his financial goals, including providing financial security for his family and eventually transitioning away from his main job. Jarett emphasizes the importance of hard work, financial education, and reaching out to mentors for guidance. He also highlights the need to start early and not compare oneself to others. Jarret, a millionaire before the age of 30, shares his journey to financial success and offers insights into real estate investments, entrepreneurship, and personal development.
Hard work and financial education are key to building wealth.
Investing in the stock market and real estate can provide significant returns.
Having multiple streams of income, such as side ventures, can help increase wealth.
Setting financial goals and having a plan is crucial for long-term success.
It's important to surround yourself with mentors and seek guidance from experienced individuals.
Starting early and being consistent with saving and investing can lead to financial independence.
Avoid comparing yourself to others and focus on your own financial journey. Developing a strong financial mindset is crucial for achieving financial success.
Real estate investments can be a lucrative avenue for building wealth.
Entrepreneurship requires perseverance, adaptability, and a willingness to take risks.
Personal development and mindset play a significant role in achieving success in all areas of life.
341: Net Worth of $3.5M - Former Air Traffic Controller Cashed in His 401k and Risked It All
Shawn DiMartile has a net worth of $3.5 million. All of it is in real estate. He is in his mid 30's. He shares his journey from being an air traffic controller to building a real estate portfolio worth millions. He discusses the importance of liquidity in real estate investing and the decision to liquidate his 401k to invest in real estate. Shawn explains the benefits of real estate investing over traditional retirement accounts and the strategies he used to achieve his first million.
He also discusses the challenges and opportunities in the Airbnb market and the impact of regulation on the business model. Overall, Shawn emphasizes the importance of education, partnerships, and creativity in real estate investing. In this conversation, Shawn DiMartile shares his experience with property management and automation, rapid-fire questions, lessons from childhood, early jobs and money, changing beliefs and future goals, financial habits as a millionaire, and advice for beginners.
*Real estate investing can provide greater cash flow and wealth-building opportunities compared to traditional retirement accounts.
*Having liquidity is crucial in real estate investing, both for meeting bank requirements and for handling unexpected expenses.
*Partnering with experienced investors and mentors can provide valuable guidance and increase confidence in real estate investing.
*Investing in properties outside of high-cost areas like California can offer better returns and growth opportunities.
*The Airbnb market is becoming more competitive, and success requires investing in unique properties and providing exceptional amenities.
*Regulation can impact the Airbnb business model, and investors need to stay informed and adapt to changing regulations. Automating systems can help manage properties efficiently and reduce the need for property managers.
*Having a strong work ethic can contribute to success in real estate investing.
*Frugality and delayed gratification can lead to long-term financial goals.
*Real estate investing takes time, patience, and learning from mistakes.
*Consistency and proven methods can lead to results in investing.
Connect with Shawn on Instagram (@shawn_dimartile)
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Weekly Financial Motivation During My Long Runs
I’m a new listener to the podcast and I thoroughly enjoy hearing the experiences of different everyday millionaires each week. I’m training for a marathon in April so I often listen to several episodes at once while I’m logging 10, 15, 20 miles at once. Thanks for keeping me company on my long runs and for keeping me motivated towards achieving my family’s financial goals. I hope to be a guest of the podcast in the next 7-10 years! 😉
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I’ve been a long time listener and enjoy the content very much. Wish Jace would include household income information. Seems to have gotten away from that question while it was consistently included in older episodes.
Unfortunately going downhill very quickly!
I’ve been a long time listener dating back years. In fact this used to be my #1 podcast. Unfortunately it has been steadily declining with awkward banter in the intro and guests interviews are not engaging.
Last week the episode just stopped in the middle and was never even fixed!? Is anyone paying attention???