185: Net Worth of 400K - 29-Year-Old Canadian on His Way to Millionaire

Millionaires Unveiled

Jace Mattinson

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

4.8 • 872 Ratings

🗓️ 10 May 2021

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

Adam is 29 years old with a current net worth of 400K. He lives in Canada currently, but grew up in Eastern/Central Europe. Of the 400K, about 280K is invested in real estate while the remainder is in the equity markets. His goal is to be invested 50/50 in real estate/market investments going forward. We discuss his wife's first rental property, his current stock holdings, and his plans for the future.

Transcript

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0:00.0	make sure that you teach your kids about personal finance because nobody taught me and you know if if I had known more about personal finance you know when I was 18 19 when the stock market was at the very bottom, well my network would be way way
0:15.4	higher this thing right now.
0:17.1	You're listening to the Millionaires Unvealed Podcast where you'll hear the stories and interviews of everyday
0:24.8	millionaires. We'll unveil their decisions, their strategies, and their current portfolio
0:31.6	allocation.
0:33.0	Now to your hosts, Clark Sheffield and Jace Matinson.
0:38.1	Welcome back to another episode of the Millionaires
0:39.6	of Vealed podcast.
0:40.3	This is episode number 185.
0:42.3	Clark, how's it going? Good man, how are you doing? This is episode number 185 Clark.
0:42.8	How's it going?
0:43.9	Good man, how are you doing?
0:45.4	Been a while since we caught up.
0:46.8	Yeah, man, he just got back from a great trip, right?
0:49.5	Yeah, yeah, it took a little trip.
0:51.2	That was nice, nice to get away a little bit after, I guess in accounting we call busy season, right? January through March-ish, end of the year stuff. So nice to get away.
1:00.4	Good stuff, man. That's awesome.
1:03.0	So we're talking a little bit before the show just about inflation and different things that are
1:07.4	going on in our society and we talked about lumber prices a couple weeks ago and then continues to rise and we're starting to see that in some other products and also seeing shortages in products.
1:19.0	So, Clark, what's your take, what's going on? Are we in an inflationary environment? Are we going to see prices continue to rise?
1:26.3	We've seen it in real estate as well. What's going on?
1:29.5	Yeah, I mean, I don't know. I'm no economic economic expert but just what struck me today is Jenny
	...

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