349: Net Worth of $9M - Coupon Cutting While Ascending to Become a Decamillionaire

Millionaires Unveiled

Jace Mattinson

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

4.8 • 872 Ratings

🗓️ 18 March 2024

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode, Chris and Jen, a military family with a net worth of over $5 million, discuss their journey to financial success. With their pensions they have a net worth over $9 million. They share how their parents taught them about money and the importance of investing. Their children also talk about their experiences with cash flow and investing. Chris and Jen explain their investment strategies, including buying and holding stocks and diversifying their portfolio. They discuss their favorite stocks and alternative investments, such as real estate and cryptocurrency.

The couple also shares their approach to retirement accounts and making investment decisions together. In this conversation, Chris and Jen discuss their financial journey, including their experiences with investing, taking risks, and teaching their children about money. They share their goals for the future, such as starting a consulting business, and discuss the importance of financial literacy and early investing. They also talk about their financial milestones, including becoming millionaires and changing their spending habits. They offer advice for beginners, emphasizing the value of starting early and being resourceful with money.

Takeaways

*Teaching children about money and investing from a young age can set them up for financial success in the future.
*Playing games like Cashflow and Monopoly can help children learn about saving, investing, and real estate.
*Starting to invest in the stock market at a young age can lead to long-term wealth accumulation.
*Diversifying investments and exploring alternative options, such as real estate and cryptocurrency, can provide additional opportunities for growth. Taking calculated risks and learning from failures is an important part of investing.
*Setting clear goals and planning for the future can help guide financial decisions.
*Teaching children about investing and involving them in financial discussions can help instill good money habits.
*Investing in small businesses and exploring alternative investment opportunities can be part of a diversified portfolio.
*Becoming a millionaire requires discipline, hard work, and smart financial choices.
*Using credit cards strategically and taking advantage of military benefits can help maximize financial opportunities.
*Starting early and being resourceful with money are key factors in building long-term wealth.

Transcript

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0:00.0	My mom was a big coupon cutter and my grandma was a big coupon cutter and one of the things that my grandma
0:08.0	you know instilled in me is basically is be resourceful with your money and you can also you know own a cottage and do these
0:18.2	other things and aren't she actually gave me an article and it was cut your napkins and you can also own a
0:26.8	cottage and in that article it had like 20 different ways to save money and no kidding we ended up purchasing their their cottage and
0:37.5	that's the vacation home that that we referenced earlier.
0:40.8	Welcome millionaires and future millionaires.
0:44.0	You're listening to the Millionaires Unveiled Podcast.
0:46.8	The show where you'll hear the stories and interviews of everyday millionaires will unveil
0:51.2	their decisions, their strategies, and their portfolio allocations.
0:55.0	Nadi your host, J. Mattingen.
0:58.0	Welcome back to another percent of the Millionaires of the Millioners and Bell podcast. This is episode
1:04.0	number 349. Stace, you're a resident bragatologist here this week. We'll get to
1:10.1	that in a second. How's it going?
1:12.1	Having a hard time reaching the microphone.
1:15.0	My absolutely massive twin belly here, but it's a baby's week, so I'm happy to get these little little ones evicted pretty soon.
1:27.0	The next couple days.
1:28.0	Yeah, rents do.
1:30.0	Rent's overdue.
1:32.0	So, yeah, let's start off. We got a couple of reviews. I don't know how I missed these. They didn't come up on my regular email stuff and then I just happened to be looking online and you yeah we got we got a little bit of
1:44.5	a few haters out there recently Mr L J B gave us a one star he said that we've gotten lazy in the podcast, that it's low quality, no production, and he said that we wouldn't even re-record the ad that we stumbled upon.
2:03.6	Well, that's ironic.
2:05.9	We actually do a lot of AB testing here
	...

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