199: Net Worth of 1M - 32-year-old CPA
Millionaires Unveiled
Jace Mattinson
4.8 • 872 Ratings
🗓️ 16 August 2021
⏱️ 50 minutes
🧾️ Download transcript
Summary
Kevin has a net worth just over one million. Of the one million, over 80% is invested in the stock market, while the remainder is in cash (80K or one year of expenses) and other holdings. He shares details on his small business investments (20K) and the importance of contributing early to your 401(k). Kevin and his wife paid off over 40K of student loans and aggressively worked to increase their household income and savings rate.
www.millionairesunveiled.com
Transcript
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| 0:00.0 | We don't budget but we track our expenses. We spend somewhere between you know 80 and $85,000 a year right now including our mortgage. |
| 0:09.0 | We don't budget just because we don't have to at this point and we're still saving a lot of money, you know, maxing out all our tax advantage to counts and, you know, saving above that as well. So what we do is we just track it and we, together we just discuss what we spend and then if you know things |
| 0:25.0 | are getting a little kind of out of whack we'll talk about that together do we |
| 0:28.5 | want to bring that down is it bringing us joy and value and if if so, we'll keep spending on it. |
| 0:34.1 | But we're at the point right now |
| 0:35.4 | where just in our normal kind of course of living, |
| 0:38.5 | we don't really need to watch our spending too much at this point. |
| 0:43.0 | You're listening to the Millionaires Unvealed Podcast, |
| 0:46.0 | where you'll hear the stories and interviews of everyday millionaires. |
| 0:51.0 | We'll unveil their decisions, their strategies, and their current portfolio |
| 0:57.0 | allocation. Now to your hosts, Clark Sheffield and Jace Mattingon. Okay, welcome back another episode of the Millionaires Unvealed Podcast. |
| 1:07.0 | This is 199. |
| 1:09.0 | Jace, what's going on? |
| 1:10.0 | We're here actually together in person this week. |
| 1:12.0 | What's going on? |
| 1:13.0 | Super excited we're in person again. We're going to be doing a few things with the |
| 1:17.0 | podcast this week in person. You're going to have some bonus content for all |
| 1:22.3 | y'all out there in the near future so super excited |
| 1:24.6 | about that and we've got a lot of things obviously in the pipeline here coming up |
| 1:28.7 | but yeah man summer's winding down kids are going back to school and you know we're taking part of that as |
| 1:34.2 | well or kids are going to a different school than they were in the past and you know |
| 1:38.6 | I've got another baby coming here so pretty soon so that's what's going on man. What about you? |
... |
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