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Millionaires Unveiled

352: Net Worth of $15M - Digging out of a hole for 4 straight years to 3x Inc. 500 CEO

Millionaires Unveiled

Jace Mattinson

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

4.8872 Ratings

🗓️ 9 April 2024

⏱️ 43 minutes

🧾️ Download transcript

Summary

Summary

Chris has a net worth of $15 million. Most of is in real estate with a little bit in cash. He is 57 years old and has 33 years of experience in real estate and has been involved in various aspects of the industry, including building, brokerage, condominium conversions, and new construction. After the 2008 crash, he shifted his focus to creative financing and developed the three-payday system, which allows him to get paid multiple times on each deal. He primarily uses owner financing, subject-to deals, and lease purchases to acquire properties.

Chris emphasizes the importance of mentorship and ongoing training in his business, and he believes that leaders and training are key to growing a successful company. Chris shares his experience running a family business and offers advice for those considering it. He emphasizes the importance of having a mission and values that everyone in the company agrees on, which helps reduce conflicts and decision-making challenges.

Chris also discusses his future goals, which include creating experiences and enjoying time with his family. He shares the most fun he's had with money, which is achieving his 30-year goal of building a home in the mountains. Chris also talks about the financial habits he's changed over the years, such as focusing on improving cash position and allocating money to real estate and the company. He highlights the significance of surrounding oneself with the right people and the impact it can have on personal and professional growth.

Transcript

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0:00.0

I'm talking 22 all way back.

0:01.7

We spend an awful lot on leaders and people.

0:04.9

I think leaders, your revenue will grow by your leaders, right?

0:07.8

By your people, they'll pull up revenue.

0:10.4

Whereas most people think of them as employees as expense not if you put the

0:14.6

right people in the bus they'll pull your revenue and so whenever there's a problem we

0:17.7

know it's that and so we pour into it training wise.

0:20.4

Welcome millionaires and future millionaires.

0:23.7

You're listening to the millionaires unveiled podcast.

0:26.5

The show where you'll hear the stories and interviews of everyday millionaires will unveil

0:30.8

their decisions, their strategies, and their portfolio allocations.

0:35.0

Now to your host, Jay Smattinson.

0:40.0

Welcome back to another episode of the Millionaires of the Millionaires in Vaud

0:42.0

Podcast. This is episode

0:43.8

over 352. Stace, it was basically a holiday today. That's why this is a

0:48.6

little day, a day late. We witnessed quite the remarkable eclipse.

0:55.0

Yeah, the eclipse was amazing today.

0:58.0

We were in the path of totality here in Austin and had a lot of people come into town for it. Schools were shut down,

1:07.6

businesses, people were working from home. So it was quite the sight to see and happy belated birthday Jay. So is your birthday yesterday

1:17.2

You're now an old man. Yeah, one year older wiser. So yeah, it's great, great, and that's why this is a day late,

1:26.0

because I felt like Monday was a holiday.

1:29.1

And it was a National Championship game.

...

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