196: Net Worth of 500K - 32 Years Old - 28% of Net Worth in Home Equity

Millionaires Unveiled

Jace Mattinson

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

4.8 • 872 Ratings

🗓️ 26 July 2021

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

Justin has a net worth of 500K and is on his way to becoming a millionaire. Of the 500K, about 28% is in home equity. He is 32 years old and works in real estate. Justin share insight into his market investments, how much cash to hold and why (he prefers six months of living expenses). He also discusses what's worth spending more money on, his most expensive car purchase, who influenced him most in his life, and how his financial journey got started.

Transcript

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0:00.0	So to kind of give a bigger background so financially I was not very good with money.
0:08.0	I had my daughter when I was 17, wrap it up my junior year school, didn't really even know about how to manage my money. I went through a divorce
0:15.3	about five years ago and through the divorce found out that I had spent a lot more
0:20.3	money racking up credit card debt than I knew. So literally I was like in a
0:26.5	panic when I went through the divorce fund on how much credit card debt I had.
0:30.1	You're listening to the Millionaires Unveiled Podcast, where you'll hear the stories and interviews of everyday millionaires.
0:38.0	We'll unveil their decisions, their strategies, and their current portfolio allocation.
0:45.0	Now to your hosts, Clark Sheffield and Jace Matinson.
0:50.0	Welcome back to another episode of the Millionaires and Villed Podcast.
0:53.4	This is episode number 196. Clark, how's it going on in your world?
0:57.4	Going well, we're getting close to 200 here and we promised an episode with somebody worth 200 million but then we interviewed him and he was worth 300 million.
1:07.0	Yeah, and the funny thing is...
1:10.0	Even for the 300th episode?
1:12.0	Yeah, we're just going to launch in this. It's a great interview. He was very gracious with this time. But yeah, I'm excited for that interview to launch it and kind of get the, know a lot of our millionaires are for the most part
1:26.2	are under 10 and I think it's it's pretty well known that those that get to that
1:31.4	Deca Millionaire status either in most cases either had a significantly high income or had ownership in some sort of business whether it was their owner or some else you know IPO stock or something else you know private company that got
1:45.0	bought or whatever and so it's a phenomenal episode with with him I'm real excited and
1:50.0	we won't reveal too much yet but definitely something to look forward to and you know we
1:54.4	may just have to have him on at the 300th one or maybe the four I don't know you know he may he
1:59.1	may be on several times over those you, based on where he's probably headed.
2:04.4	Yeah, yeah, every 100th episode you just have him on again.
2:07.6	Yeah, he's probably he's probably well on his way to get in there.
	...

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