Summary

Ryan and Haley, a married couple in the entertainment industry, share their journey to becoming millionaires. They met at work and have been working in video production and editing. They currently have a net worth of just over $1 million, with the majority of their investments in retirement accounts and a brokerage account. They have also recently purchased land and have equity in their primary home.

They have been contributing to Roth IRAs since their 20s and have seen significant growth in their investments. They plan to continue contributing to their 401ks and brokerage account, and they also have an HSA. Their goal is to reach a net worth of around $3-3.5 million and retire early. 

Ryan and Haley share their financial journey and mindset, highlighting their frugal habits and focus on experiences over material possessions. They discuss the influence of their parents on their financial habits and the importance of having a partner with similar financial values. They also talk about their most expensive purchases, trips, and meals, as well as their changing financial habits as they strive to reach their goals.

Takeaways

*Meeting at work and pursuing careers in the entertainment industry
*Significant growth in investments through Roth IRAs and retirement accounts
*Diversifying investments with a brokerage account and HSA
*Goal of reaching a net worth of $3-3.5 million and retiring early Having a partner with similar financial values can make a big difference in achieving financial goals.
*Experiences and relationships are more important than material possessions.
*Hard work and a focus on goals can lead to financial success.
*It's important to be mindful of spending habits and avoid wasting money on unnecessary purchases.
*Investing early and consistently can have a significant impact on long-term financial growth.

Keywords

millionaires, entertainment industry, video production, editing, net worth, investments, retirement accounts, Roth IRAs, growth, 401ks, brokerage account, HSA, early retirement, financial journey, frugal habits, experiences over possessions, parental influence, partner with similar values, expensive purchases, expensive trips, changing financial habits

Summary

Byron has a net worth of around $15 million. He is a fractional CFO and CPA and has his own firm but invests heavily in small and private businesses. He emphasizes the importance of understanding numbers in running a business and the value of tax strategy. He prefers investing in businesses where he can partner with people who have complementary skills. He tells the story of what lead him to federal prison in college and the journey he took to get out and redeem himself. Byron has had both successful and failed investments, but he believes that failures don't define an investor or entrepreneur. He envisions becoming an angel investor and investing in people and ideas that he believes in. Byron shares his favorite brands and experiences, including his love for Bentley Continental and overwater bungalows. He also talks about his first job mowing lawns and a crazy money-making scheme he had in college. Byron reflects on his journey to becoming a millionaire and the lessons he learned along the way. He emphasizes the importance of embracing failure and the value of partnerships. Byron's advice for those starting out is to expect failure and to cultivate strong friendships.

Summary

In this episode, CJ shares his background and current net worth of $2.6 million. He discusses his asset allocation, with the majority of his investments in retirement accounts, property, taxable brokerage, and cash. CJ explains that he primarily invests in index funds and shares his journey from individual stock picking to becoming a lazy investor. He talks about making his first investment a couple of years after college and being inspired by successful colleagues. CJ also mentions his early savings habits and the importance of financial literacy.

Sponsored by:

www.shopify.com/unveiled 

David is a music store owner and has a net worth of $2.8 million. 270k cash, 20k in investments, 520k primary residence, 70k rental, 230k retirement, $1.6 million in the business. He grew up in a low to middle class home and never learned to handle money. He thought if he could afford payments, he could buy it.

Paul lives in the northeast and is 40. He has a net worth of $1.4 million. 825k in 401k, Brokerage Account around 200k, Roth IRA 180k, HSA 8k, Crypto 5k, 100k Home Equity and 75k cash. We discuss his journey from losing his job to changing his frame of mind around employment and advocating for himself. 

Jon has a current net worth of $2.0+ million. He is in his early 40's and is a former corporate executive turned Franchise Investor and Consultant. We discuss making a career switch and why he likes non-food franchises. We also get into the mindset around taking out a mortgage after having a paid off house and donor advised funds for charitable giving. 

JJ has a net worth of $1.1 million about half of which is in retirement accounts. He has about 300k in a brokerage and another 300k in equity in rental real estate. He has a technology background but is currently working in the private sector and manages his real estate. 

Jennifer has a net worth of $1.35M. She has 800k in 401ks, 250k of that in Roth, a brokerage account around 230k, 30k in HSA, a little over 100k in cash. She is 38, married with no kids and lives in the Northeast. She works in HR and has lived all over the country and all over of the world.  

Brandon has a net worth of $2.6M. He has 900k in rental equity, 380k in primary residence, $1.2 mil 401k 260k of that is in Roth. He is in his early 40's. He is an electrician and also does motivational speaking after having a workplace accident. 

Bradley has a net worth of $1.0M. He is pretty diversified between market investments, retirement accounts and real estate. He is a buy and hold type of guy. We discuss his journey from paying off debt to learning how to invest to what to do when your employer doesn't have the investment options you would prefer. We have a great discussion on the selection of a spouse or partner. 

Ty & Chloe have a net worth of $2.5M. They are in their early 30's and are engaged. They have major crytop holdings and have been investing in crypto for quite a while. They both bought their first pieces of real in their 20's and have accumulated a nice chunk alongside their crypto. 

Tyson has a net worth of $3.0M. He is 51 and works as an Oil & Gas Operations Manager. He has a paid for house worth ~150k, ~450k in company stock and the rest in various market invesments and tax advantaged accounts. 

Justin has a net worth of $1.9M. He took various teaching jobs before finding a career as a famous voice over artist. He is a jack of all trades and we discuss his journey to get to where he is today both professionally and financially. 

Summary

Charles, a military reservist and pharmaceutical representative, shares his financial journey and insights. His net worth is $5.3 million and he is in his early 60's. He has a primary residence worth about $1.4 million and retirement accounts that are $2.9 million plus a pension that is valued around $1.0 million. Charles and his wife have flipped multiple personal residences over the years, allowing them to build wealth. They also prioritize contributing to retirement accounts and have achieved a million-dollar net worth through their 401(k)s and IRAs. Charles emphasizes the importance of financial education and teaching his children about money management. He also highlights the value of gratitude, generosity, and taking care of one's health. Charles offers advice for young investors, encouraging them to start early and stay the course.

Joe has a current net worth of $1.0 million. He is in his early 30's and is a former attorney turned Navy Pilot. We discuss making a career switch, the life of a Navy Pilot and how plans change and evolve and how to adapt to a changing market environment. 

Sponsored by www.chime.com/millionaire

Jeff has a current net worth of $1.1 million. Half is in retirement accounts and he has zero debt except his mortgage. He is in his mid 40's and works as a Community College Administrator. He has attended several Berkshire Hathaway meetings as an investor and started his Roth IRA a year after they were available. 

Tyson has a current net worth of $1.3M. He lives in Austrailia and works as an electrician for the government. His wife works in retail. He became a millionaire in his late 20's and is now in his mid 30's. We have a great discussion on getting on the same page with his wife, his desire to own a supercar and the journey to $10 million or 200k in passive income for him. 

Vlad has a current net worth of $1.1M. Vlad is a immigrant and has worked very hard to get to where he is. He has a remarkable story that you do not want to miss. We talk about all sorts of topics but one unique thing is Vlad chooses not to pay off his mortgage. In fact, he took a mortgage out on his new house after paying off he previous house. 

Sam has a current net worth of $4.2M. He appeared on episode 128 and had a net worth around $3.0M at the time. He is back on the show talking about purpose and responsibly building wealth while making sure you don't die with too much.   

https://www.financialsamurai.com/btnt/ 

Michael has a current net worth of $2.7M. He appeared on episode 18 and had a net worth around $2.1M at the time. He is back on the show having FIREd more or less. We have a great conversation on continuing to grow and expand yourself once you hit some of your initial goals not only financially but in all aspects of life. 

Donald has a current net worth of $1.0M. He appeared on episode 95 and had a net worth around 630k at the time. He is back on the show as a millionaire and tell how he did it, any changes he made and advice for others. We have a great conversation on sticking to a plan that you can execute.  

Michael has a current net worth of $1.0M. He appeared on episode 129 and had a net worth around 700k at the time. He is back on the show as a millionaire and tell how he did it, any changes he made and advice for others. We have a great conversation about health and how that plays a factor into wealth building, insurance and when it may make sense to self insure. 

Jermaine has a current net worth of $1.7M. He has a majority in the market in various tax advantaged accounts and a paid for house. He drives a Tesla and is a Civil Engineer and his wife is a Elementary School Teacher. He bought his first house at 25. He feels he has made every mistake in the books and still turned out alright. We discuss all types of loans, leases, compound interest and staying the course. 

Grace has a current net worth of $1.7M. Of the $1.7M, 500k is in home equity and the rest is spread across all sorts of assets. She used to work for the goverment, but currently stays home with her children. She is the money nerd of the family and shares details on how she and her husband navigate their finances. 

Summary

In this episode, the Cash Flow King shares his journey from working in the consumer packaged goods industry to becoming a financial advisor. He has a net worth of $2.0 Million and is 39 years old. He discusses his net worth, investment portfolio, and the shift in his investment strategy. He also delves into the concept of turnkey rentals and the challenges of growing his real estate portfolio. The conversation covers the journey to financial independence, wealth building, lifestyle changes, and the balance between enjoying the present and planning for the future. It also delves into the role of debt, lessons from childhood, and advice for those starting out. The guest shares insights on his personal finance podcast and the concept of cashflow.

This is not Matthew Motil - The pseudonym is the same but it is a different individual. 

Sponsored by: 

www.shopify.com/unveiled

Tim has a current net worth of 3.8M. Of the 3.8M, 1.3M is in home equity, ~600K in a brokerage account, 100K in cash, 350K in college savings accounts, He reached his first million in 11 years, and his second million just five years later. Tim works in software sales and shares details about his career, annual income, three fund portfolio and his on rental property.

Mark has a net worth of $10M, of which $2.5M is in a pension. Of the remaining $7.5M, about 3M+ is invested in the stock market, 2M+ in retirement (in stock market as well) and 2M+ in home equity. Mark holds no rental real estate. Mark hit his first million at age 50 and hit his second million just four years later. We discuss happiness, motivation, when enough is enough, paying off 90K of student loans, and why the lack of interest in real estate.

Jennifer has net worth of 100 million dollars. We discuss her background (grew up poor) and journey to her current situation. She shares her asset portfolio which includes stocks, real estate, private equity, hedge funds, a car wash and laundromat, small business, and more. Jennifer also talks about managing her time, finding investment opportunities, advice for women, and the upside of small business and tech.

Zach has a current net worth of 6.5M which is comprised of almost all real estate including 35 duplexes, 25 single family houses and some multifamily. We discuss how he started in real estate (which included working as a broker and finding investment opportunities for other investors), the typical numbers on one of his single family rentals, mistakes made and general advice to someone who wants to get started in real estate.

www.chime.com/millionaire

https://shop.ekster.com/Millionaire

Bob has a current net worth of $3.5M. Of that, he has over 1.5M invested in various retirement accounts, and 600K in real estate syndications. His biggest stock holding is Microsoft, of which he has 145K. Bob discusses credit card rewards and point spending, how he reached his first million at age 38 and his immigrant story with a burning desire to succeed. 

www.gusto.com/unveiled

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.

https://shop.ekster.com/Millionaire

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. 

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.

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. 

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.

Summary

DJ Bander, a musician, music producer, and entrepreneur, shares his journey of building wealth through a combination of real estate, music, and finance. He discusses his background in finance, political science, and music, and how these disciplines have influenced his career. DJ Bander currently has a net worth of approximately 8.1 million, with investments in commercial real estate, industrial properties, a marketing agency, and stocks. He prefers to rent his primary residence and focuses on investment properties. DJ Bander emphasizes the importance of living below your means, reinvesting capital, and building passive income through bonds and rental properties. DJ Bander shares his journey to becoming a millionaire and offers advice for success. He started by working as a brand ambassador and gradually built his resume and network in the music industry. He reinvested his earnings into his brand and used social media ads to grow his following. DJ Bander emphasizes the importance of hard work and grinding it out, rather than relying on a single big hit. He became a millionaire in his late twenties through real estate investments and his engineering and music production businesses. He plans to scale his marketing agency, expand into different investment areas, and help others build wealth.

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.

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.  

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.

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.

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. 

Keisha has a net worth of 5.9MM, of which 2.5M is in a taxable brokerage and 1.5M in a 401(k). Keisha is a business executive and shares her story which began growing up poor and worrying about money. Through resilience and her educational pursuits she has become very financially successful. She has no debt, no real estate beyond her primary home, and grew her net worth by five million dollars in just eight years.

Mitch has a net worth of 1.1MM which is made up of primarily his home (over 700K). He also has investments in retirement accounts, education accounts, and cash. Mitch shares insight into his journey which includes growing up poor, being the first in his family to attend college, and finding his first job on craigslist. He also talks about working side jobs to supplement his primary income. Mitch is 32 years old and just hit millionaire status.

Chad Willardson (episode 177) is a return guest where we discuss teaching kids about money! Chad recently wrote the book, "Smart Not Spoiled; The 7 Money Skills Kids Must Master Before Leaving the Nest." He shares insight into how he teaches his kids about money, opinions on teaching finance in school, and when to start working on one's will or estate plan. 

Smart Not Spoiled Book - https://amzn.to/3xQnEq7

Today's interview is a guest interview with the host of the Stacking Benjamins Podcast, and former financial planner, Joe Saul-Sehy. We originally connected with Joe on episode 65. On this week's episode we discuss his new book, "Stacked: Your Super‑Serious Guide to Modern Money." We also discuss portfolio allocation, what to look for in a financial advisor/planner, insurance, and the importance of financial education.

Ayne has a net worth of 2.9MM. Of the 2.9MM, she has 825K in a taxable account and almost 900K in rental real estate equity. She has five rental properties which gross about $5.5K monthly (net $2.75K). We discuss managing her rental properties, how she got started in real estate, her financial goals for the future, and how she teaches her kids about money. Ayne also shares details about homeschooling her children and placing a greater value on her time.

Summary

Brian Preston, co-host of the Money Guy Show, has a net wroth of $10+ million. He discusses his journey to financial success and the mindset shifts that have occurred along the way. He shares his goals of reaching a net worth of $1 million by age 30 and $10 million by age 50, and how he missed those goals by a year. Preston emphasizes the importance of mindset and the why behind financial goals, as well as the impact of giving back and creating a positive influence. He also discusses his book, 'The Millionaire Mission,' which provides a step-by-step guide to achieving financial success.

James has a net worth of 6.2M and is recently retired from a commercial roofing company. He has one million dollars of cash, one million of equity in his primary home, and about one million in eight rental properties including one commercial building. James also holds investments in retirement and non-retirement accounts. We discuss travel, the importance of relationships, how much cash to hold, and managing rental properties. 

Jay has a net worth of over a million dollars and is just 27 years old. His net worth is divided between real estate, retirement accounts and other stock market investments. Jay also shares a fun story about buying his dream car, a Maserati for 19K. We also discuss annual income and expenses, financial goals, and early retirement.  

Today's guests share their remarkable story of grit, tenacity and inspiration. Wade and Heather discuss the decision to sail the world with their four kids and the background of how they got to where they are today. They discuss past failures and their small business success. Wade and Heather share their mindset on enjoying life and gaining on a positive perspective from challenges, their investing allocation, and their budget/cost of living remote on a catamaran for two years.