191: Net Worth of 1M - The Wealthy Custodian, Max Salary of 47K
Millionaires Unveiled
Jace Mattinson
4.8 • 872 Ratings
🗓️ 21 June 2021
⏱️ 49 minutes
🧾️ Download transcript
Summary
Jeff, the wealthy custodian, has worked at the same school district for over 30 years. His max salary was 47K, and he has a net worth of over 1M which excludes his pension of over several hundred thousand. He is 55 years old and discusses all things portfolio allocation, the value of one's time, and the joy of simple living. Jeff also shared advice on creating assets that cash flow, why material items and money don't define you, and the importance of consistent investing and taking chances when opportunities arise. This is the second interview with Jeff, the first, which discusses more of his background and story was released as episode 47.
Transcript
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| 0:00.0 | This year has been the most money I've ever made in my life on W2, it's 47,000. |
| 0:06.0 | But you got realized I'm a janitor, so our society doesn't really value that skill set. |
| 0:11.0 | I feel that if I can demonstrate what I've done on my small lifetime income, anybody can do it. |
| 0:18.0 | Surely it is easier if you're married and you have a spouse on board and if you're |
| 0:23.4 | dual income and you're making a hundred grand or 250 a lot of these individuals |
| 0:28.1 | will come on say I know my wife and I would make 250 300 or who makes five or we got rental income with $30,000 a year. |
| 0:35.0 | I'm like, that's not a big deal. |
| 0:37.7 | I mean, to me, try to do it when you're just above minimum wage. You're listening to the Millionaires Unvealed Podcast, |
| 0:46.0 | where you'll hear the stories and interviews of everyday millionaires. |
| 0:50.0 | We'll unveil their decisions, their strategies, and their current portfolio allocation. |
| 0:57.0 | Now to your hosts, Clark Sheffield and Jace Matinson. |
| 1:02.0 | Welcome back to another episode of the Millionaires Unveiled Podcast. |
| 1:06.6 | This is Clark here alongside my co-host, Jace. |
| 1:10.0 | Jace, what's going on? |
| 1:11.5 | This is going to be episode 191 yeah man just rolling into |
| 1:15.1 | summer what's going on with you not a whole lot we're talking about traveling you got any |
| 1:18.6 | fun trips coming up you know I just got back from a trip, went to Mexico and Colorado, so I don't have a whole lot going |
| 1:27.2 | on, I'm going to be going out to the lake for a long weekend here, and that's about it. |
| 1:32.0 | Don't have anything else kind of pop of. |
| 1:34.0 | May have some sort of stuff towards the end of the summer, |
| 1:37.0 | but it's all I've got on the calendar right now. |
| 1:39.0 | What about you? |
... |
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