Millionaires Unveiled

Jace Mattinson, CPA
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Millionaires Unveiled

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.

  1. JAN 13

    392: Net Worth Of $3.0M - Working At Red Lobster to 500 Units And A Few Million

    Summary In this episode, Glenn shares his inspiring journey from working at Red Lobster to becoming a successful real estate investor with a net worth of around $3 million. Most is in real estate and real estate related assets. 500k is in private notes. He discusses the pivotal moments that led him to pursue real estate, including his strategic investments in single-family homes and mobile home parks. Glenn emphasizes the importance of focusing on income-producing assets and shares insights on transitioning from a W-2 job to full-time entrepreneurship. He also reflects on the mindset shifts that have shaped his financial approach and offers valuable advice for those starting their investment journey. Takeaways *Glenn started his journey with a low-paying job at Red Lobster. *He transitioned into real estate after reading 'Rich Dad Poor Dad'. *Investing in rental properties changed his financial situation dramatically. *Focusing on income-producing assets is key to financial freedom. *Glenn emphasizes the importance of mindset in investing. *He believes in the benefits of whole life insurance for wealth building. *Podcasts have been a significant source of learning for him. *He advises against relying solely on 401(k) for retirement. *Glenn's strategy includes private lending for passive income. *He values work-life balance and being present for his family. Sponsored by:  Indeed Indeed.com/unveiled Magic Mind https://www.magicmind.com/unveiledjan Get 45% off the Magic Mind bundle with with my link: https://www.magicmind.com/unveiledjan #magicmind #mentalwealth #mentalperformance

    38 min

  2. JAN 6

    391: Net Worth Of $862M - 2024 Millionaire Insights: A Year In Review

    Summary In this episode Jace and Stacey reflect on the highlights of 2024, discussing the impressive net worth of guests, the impact of inflation on wealth, and the diverse stories of millionaires. Jace emphasizes the importance of financial planning, the various paths to wealth, and the shifts in asset allocation among millionaires. The conversation provides valuable insights into personal finance and investment strategies for listeners. The collective net worth of all the guests this year hit was $862 million.  In this conversation, Jace discusses various aspects of financial planning and investment strategies, emphasizing the importance of maximizing financial opportunities, learning from mistakes, and the evolving perspectives on wealth and lifestyle. He highlights the significance of having a solid financial plan, the need for regular portfolio assessments, and the value of experiences over material possessions as wealth grows. The discussion also touches on the surprising trends in healthcare savings accounts and personal investment strategies, culminating in reflections on the importance of intentional living and planning for the future. Takeaways *The total net worth of guests reached $862.2 million. *71% of millionaires interviewed had a net worth under $5 million. *The Delta between earnings and spending is crucial for wealth building. *It's never too late to start investing and saving. *Inflation has significantly impacted the average net worth of individuals. *There are multiple paths to becoming a millionaire, not just one. *Supplemental income sources are on the rise among millionaires. *Successful millionaires have a clear financial plan. *Risk assessment is essential in financial planning. A lot of people leave money on the table by not shopping for better insurance rates. *Investing in tax-advantaged accounts is crucial, but many forget to actually invest the money. *Regularly changing passwords and using two-factor authentication is essential for financial security. *Portfolio adjustments should be made in response to life events and changing financial goals. *Many millionaires overlook updating their estate plans and trusts. *Financial planning is a long-term process that evolves over time. *Learning from financial mistakes is a common experience among millionaires. *Surprisingly, no guests have reported having $500,000 or more in their HSA accounts. *Experiences, such as travel and premium events, are prioritized by millionaires as they grow their wealth. *Investing in personal health and well-being becomes more important as wealth increases. Sponsored by: www.shopify.com/unveiled

    55 min

  3. 12/30/2024

    390: Net Worth Of $10M - Finding Purpose & Meaning

    Summary In this episode, Doc G shares insights on his journey post-retirement, discussing his evolving mindset towards spending, the transition from accumulating wealth to decumulating it, and the emotional challenges of withdrawing from his portfolio. He has a net worth of $10 million. His diversification hasn't changed much since he first appeared on the show in the early days when his net worth was just over half of what it is today. He shares how he has started withdrawing from his portfolio and the emotional impact that has had on him. He also delves into his writing journey, particularly focusing on his new book, 'The Purpose Code', which explores the concept of purpose in life and finances. Throughout the conversation, he reflects on the importance of finding fulfillment beyond just financial success and how this shift has influenced his relationship with his children. Takeaways *Doc G is busier than ever post-retirement, focusing on passion projects. *He is learning to let go of his fear of spending money. *The transition from accumulation to decumulation is a significant shift. *Withdrawing from his portfolio has been an emotional journey. *Writing has become a central part of his life and purpose. *His new book, 'The Purpose Code', explores the concept of purpose. *He believes that purpose can be both a source of anxiety and fulfillment. *Doc G emphasizes the importance of using various tools for a fulfilling life, not just money. *He aims to model a life of purpose for his children. *The conversation about money has evolved into a deeper discussion about fulfillment.  Sponsored by: Wine Access

    26 min

  4. 12/23/2024

    389: Net Worth Of $1.0M - MMA, Car Repo & Business Ownership

    Summary Billy and Melissa have a net worth of $1.0 million. This is in various investments including the market and real estate. They are in their late 30s and are business owners. They recently relocated from a high cost of living area to a low cost of living area to participate in geoarbitrage. They started in a big hole that included over 100k in debt and had a car repossessed at one point. They emphasized the importance of staying the course, overcoming adversity and continuous improvment. Takeaways *Start investing early and pick a strategy that works for you *Consider risks in life and how they may affect you in the short term and long term *You can make mistakes and still overcome them especially when you're young *Entrepreneurship can provide fulfillment and generate a lot of income but it isn't easy

    49 min

  5. 12/16/2024

    388: Net Worth Of $2.3M - Wearing My Rolex & Driving My Kia

    Summary Dennis, a cybersecurity professional, shares his financial journey and strategies. He has a net worth of around $2.3 million, with a breakdown of 900k+, in retirement, 300k+ in cash equivalents, 400k in his house, and the remainder in a brokerage and some collectibles. Dennis primarily invests in Roth accounts and believes in the simplicity and peace of mind it provides. He started investing in his late 20s and became debt-free in 2017 after paying off $85,000 in consumer debt. Dennis also has a passion for collecting watches, which he views as a store of value and a way to celebrate financial milestones. His goal is to retire early at the age of 50 with a net worth of around $3 million. Dennis Shea shares his journey in cybersecurity and personal finance. He emphasizes the importance of continuous learning and becoming a student of the subject. Dennis also discusses how he became interested in personal finance through Dave Ramsey's teachings and how he and his wife paid off $80,000 in debt in just nine months. He shares his experiences with expensive purchases, such as sneakers and meals, and highlights the value of investing early and consistently. Takeaways *Investing in Roth accounts can provide simplicity and peace of mind. *Becoming debt-free and investing in retirement accounts can lead to significant wealth accumulation. *Having a passion for collecting valuable items, such as watches, can be a way to celebrate financial milestones. *Renting experiences, like vacation homes, can provide flexibility and avoid the hassle of owning multiple properties. Continuous learning is crucial in the field of cybersecurity and personal finance. *Following Dave Ramsey's teachings can help individuals gain control of their finances and pay off debt. *Investing early and consistently can lead to long-term wealth accumulation. *Expensive purchases can be justified if they bring joy and create lasting memories. *Working hard and being consistent are key factors in achieving financial success. Sponored by: Shopify www.shopify.com/unveiled Connect Team www.connecteam.com

    47 min

  6. 12/09/2024

    387: Net Worth Of $1.1M - This Is The Golden Age Of Investing

    Summary Ryan, an officer in the National Guard, shares his journey to becoming a millionaire and his plans for retirement. He discusses his net worth, which is currently $1.1 million, and how he achieved it through investments and a pension from the military. His pension could be worth $3-$5 million. Ryan is in his late 30's. He emphasizes the importance of starting to invest early and taking advantage of compounding interest. He also talks about his passion for travel and his plans to pursue entrepreneurial ventures in retirement. Takeaways *Start investing early and take advantage of compounding interest *Consider the benefits of a pension and other retirement accounts *Travel can be a worthwhile expense and a rewarding experience *Entrepreneurship can provide fulfillment and additional income in retirement

    42 min

  7. 12/02/2024

    386: Net Worth Of $2.1M - I Check My Net Worth Everyday & Still Drive My Car From College

    Summary Andrew is currently working for a company called Practice CFO, a fractional CFO financial planning company for dentists and healthcare professionals. He is 37 years old and he has a net worth of $2.125 million, broken up into real estate and paper assets. His paper assets include a mix of index funds, ETFs, bonds, and REITs. Andrew is a long-term investor and is not concerned about short-term market fluctuations. He maxes out his retirement accounts and also invests in real estate syndicates, including single-family rentals, student housing, vacation rentals, and build-to-rent properties. He prioritizes filling up his tax-advantaged retirement accounts and then invests the rest in real estate or the brokerage account. Andrew keeps some cash available for opportunistic real estate investments. Andrew's main goal is to have a net worth of $5 million by age 45. He values financial freedom and the ability to buy time. He pursued a career in finance and strategy, working for companies like Dell and Vrbo. However, he felt unfulfilled and wanted more intellectual stimulation. He started doing fractional work for a friend's business and found it fulfilling. This led him to make the leap from corporate America to a small business environment. Andrew believes in working hard, serving others, and finding fulfillment in work. He emphasizes the importance of experiences and travel. He has maintained his financial habits and focuses on offense rather than defense with money. Takeaways *Andrew works for a fractional CFO financial planning company for dentists and healthcare professionals. *His net worth is $2.125 million, with a mix of real estate and paper assets. *He is a long-term investor and is not concerned about short-term market fluctuations. *Andrew maxes out his retirement accounts and invests the rest in real estate syndicates or the brokerage account. *He keeps some cash available for opportunistic real estate investments. Set clear financial goals and regularly assess your progress *Find fulfillment in your work by serving others and constantly learning *Invest in experiences and travel for long-lasting memories *Maintain good financial habits and focus on offense rather than defense *Be open to different investment opportunities and diversify your portfolio Sponsored by: Icognic www.incogni.com/unveiled  Shopify www.shopify.com/unveiled

    54 min

  8. 11/25/2024

    385: Net Worth Of $10.0M - Former Stuntwoman & Model Turned Entrepreneur

    Summary Bunny has a net worth of $10 million. Most is in the value of her businesses but she does own some real estate and keeps a little inveted in the market. She is a successful entrepreneur and business coach. She shares her journey of owning and managing multiple companies. She started as a stuntwoman and model but eventually pursued a master's degree in counseling and psychology. Bunny currently owns seven companies and has had a total of 16 companies in the past 19 years. She emphasizes the importance of investing in her own businesses rather than the stock market, as it provides higher returns and tax advantages. Bunny also discusses the concept of seasons instead of balance and the value of focusing on priorities. Bunny shares her journey of identifying her expertise and focusing on her niche to maximize growth. She discusses how her heart condition motivated her to be greedy and selfish with her time, leading her to find ways to minimize effort and maximize return on investment. Bunny emphasizes the importance of being confident in your highest value and prioritizing what truly matters, such as family and personal fulfillment. She also talks about the significance of delivering value and making a positive impact in the world, rather than solely focusing on financial success. Takeaways *Investing in your own businesses can provide higher returns and tax advantages compared to investing in the stock market. *Prioritizing and focusing on what truly matters to you can lead to greater success and fulfillment. *Creating systems and delegating tasks can free up time and energy for more important activities. *Balance is a myth, and it's more about finding the right seasons and priorities in life. Identifying your expertise and focusing on your niche can lead to significant growth and success. *Being greedy and selfish with your time can motivate you to find ways to minimize effort and maximize return on investment. *Confidence in your highest value and prioritizing what truly matters, such as family and personal fulfillment, can lead to a more fulfilling and successful life. *Delivering value and making a positive impact in the world should be prioritized over solely pursuing financial success. Sound Bites "Investing in your own companies, you're getting 234% back." "Betting on yourself is the least risky thing you can do." "I still have a wealth advisor... as long as I'm beating that mother, I'm still winning." "How long do you think it took you to get to this area of identifying your expertise and being able to really capitalize on the growth that's possible from just focusing on your niche and what you're excellent at?" "How can I put in this minimum viable effort and get a maximum return?" "What's unique about your approach is that it's the exact opposite of lazy. You might think, oh, limited hours, but it's maximum productivity within limited hours so that you have maximum output basically across the board in your entire life, which is amazing."

    47 min
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About

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.

Information

  • Creator
    Jace Mattinson, CPA
  • Years Active
    2017 - 2025
  • Episodes
    392
  • Rating
    Clean
  • Show Website
    Millionaires Unveiled

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