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Millionaires Unveiled

189: Net Worth of 2.2M - Household Spending of 175K Annually

Millionaires Unveiled

Jace Mattinson

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

4.8872 Ratings

🗓️ 7 June 2021

⏱️ 35 minutes

🧾️ Download transcript

Summary

Jonathan has a current net worth of 2.2 Million. He is 40 years old and spends 175K annually. He reached his first million at the age of 37. He invests only in real estate, nothing in the stock market, because he wants to invest in what he can control. In real estate, he prefers mobile home parks. Jonathan shares great advice about the importance of mentors and connecting with those who can help you along the way.

Transcript

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0:00.0

I don't even want to touch the markets because I can't control it. I want something I can actually control.

0:04.4

I have something that I could actually exit out based on market dynamics and after that I was like,

0:09.6

it literally was some nurse, speed up patient up, and then like it went down,

0:13.6

and then it went up like two months later,

0:14.9

and I was like, dude, I would have literally had like a six or seven

0:18.2

X on, I would have been crazy, but after that I was like,

0:21.1

I did not want to do in the stock market.

0:22.8

I just don't like the fact I can't control it.

0:24.4

Real estate at least to control.

0:25.7

I could see like trends come, they could get out, I could actually cash out refinance,

0:29.2

or I could get on 1031.

0:32.0

You're listening to the Millionaires Unvealed Podcast,

0:35.0

where you'll hear the stories and interviews of everyday millionaires.

0:40.0

We'll unveil their decisions, their strategies, and their current portfolio allocation.

0:47.0

Now to your hosts, Clark Sheffield and Jace Matinsen.

0:51.0

All right, everybody, welcome back to another episode of the mill. Jason What's going on? Not a whole lot, just rolling into the summer here and graduation just happened for most people

1:05.7

that, you know, high school college, moving on to the next phases of life.

1:09.0

It's getting exciting, you know, summertime.

1:11.0

You got any big plans? How long is this market going to keep going? I don't know if we're talking stock market or housing market or a lumber market or whatever.

1:19.3

It was insane. I'll say on the lumber side at least that there are some more mills coming

1:23.1

online so I think we're expecting to get some price relief here at least probably

1:26.2

into the fall or late into the year hopefully you know nothing's ever

...

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