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Millionaires Unveiled

202: Net Worth of 2M - Net Worth at Age 31 was Zero

Millionaires Unveiled

Jace Mattinson

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

4.8872 Ratings

🗓️ 7 September 2021

⏱️ 44 minutes

🧾️ Download transcript

Summary

Henry has a net worth of two million dollars. He's a serial entrepreneur and now coaches business owners. His previous businesses include computer sales, home theatres, spec homes, website sales, and a factoring business. He primarily invests in single stocks and mutual funds and shares his thoughts about why he doesn't invest in index funds. Henry also discusses annual spending (about 200K), working in partnerships, small businesses successes and failures, and financial lessons learned from his parents.

Transcript

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0:00.0

The first business that I started was really what I call an accidental business, the opportunistic, a college friend of mine trying to have trouble sourcing some computers.

0:10.0

I said let me take a crack at it. Before you know what he was feeding me business and I did over half a million dollars

0:15.6

worth of business in 18 months as a side hustle in the early 90s and I said

0:20.0

I said to my I'm going to quit my $60,000 a year job and become an entrepreneur and I never looked back.

0:28.0

You're listening to the Millionaires Unvealed Podcast, where you'll hear the stories and interviews of everyday

0:34.8

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

0:41.5

allocation.

0:43.0

Now to your hosts, Clark Sheffield and Jace Matinson.

0:47.0

Welcome back to another episode of the Millionaires in Ville Podcast.

0:53.0

This is episode number 202.

0:55.0

Clark, how's it going? What's going to your world?

0:57.0

Good, doing pretty well.

0:58.0

202, that's a cool number.

1:00.0

Over 200 now.

1:01.0

I know, it's crazy, right?

1:02.0

What you've been up to lately, man?

1:03.0

Nothing too much. We went to the U.S. Open here in New York a couple days this week, so that's always fun to see pretty

1:08.7

crowd out there. So fun to see everything kind of opening up a little bit getting back to normal.

1:13.7

Had some friends and family visits, so always good to see people.

1:16.9

What about you?

1:17.9

Yeah, a bit of the same.

1:18.9

Kids getting back in the swing of school and obviously we get the holiday weekend here and some other stuff but yeah it's a it's a great time of year man fall I start I don't know what it is about this time of year I always kind of get a little bit refocused on some of my goals and kind of revisit them.

...

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