204: Net Worth of 2.3M - "My Risk Tolerance is a Big Part of My Success"

Millionaires Unveiled

Jace Mattinson

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

4.8 • 872 Ratings

🗓️ 20 September 2021

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Trae has a net worth of $2.3 Million. Of the 2.3M, 80% is invested in a small business software startup. Trae also has investments in the stock market, real estate, and crypto. He discusses his interest in small business and software, how he started in real estate, and how his high risk tolerance has influenced his financial success. Trae shares advice on lines of credit, work/life balance, financial independence, and his goals for the future.

Transcript

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0:00.0	I mean I think my risk tolerance is a big part of my success. I think the average person would not be okay
0:07.3	risking it all on a startup like I did. You know I like I said I went in 3030,000 into credit card debt if that business would have went to zero
0:16.4	we would have been in a real challenge financially very likely would have had to sell our house and move somewhere.
0:25.0	So I think my risk tolerance definitely has aided in my ability to get to where I'm at.
0:31.0	You're listening to the Millionaires Unveiled Podcast,
0:35.0	where you'll hear the stories and interviews
0:38.0	of everyday millionaires.
0:40.0	We'll unveil their decisions,
0:42.0	their strategies, and their current portfolio allocation.
0:47.0	Now to your hosts, Clark Sheffield and Jace Matinsen.
0:51.0	Welcome back to another episode of the Millionaires Unveiled Podcast.
0:56.6	This is episode number 204.
0:58.8	Clark, how's it going what's going on with you?
1:00.4	What's going on with you? Nothing new with me. Yeah, doing pretty good. What's going on with you?
1:03.0	Nothing new with me.
1:04.0	Yeah, man, it's a running to swing a football season, NFL, college, got some good games going
1:09.9	on.
1:10.9	It's been a great start to the fall here.
1:13.0	Yeah, we're both BYU fans, so that was a good win this last weekend.
1:16.2	I mean, it had been the first time in 10 years that we beat Utah, but growing up, that was a pretty big rivalry.
1:21.8	And it's kind of, I don't know kids that are
1:24.0	college students now probably don't get it as much as we did growing up but I
	...

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