353: Net Worth of $10M - I Live Better Than A Billionaire

Millionaires Unveiled

Jace Mattinson

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

4.8 • 872 Ratings

🗓️ 15 April 2024

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

Scott has a net worth of $10 million. He first appeard on the show back on episode 76 almost exactly 5 years ago when his net worth was around $7 million. He has all of his net worth in his business, real estate and crypto. He is a business owner, an attorney, an entrepreneur, and a real estate investor. He shares his journey to finding true wealth and happiness. He discusses how acquiring more things and wealth led to anxiety and a lack of enjoyment in the present moment. Through experiences like ayahuasca retreats and studying CREA yoga, Scott learned to prioritize peace and doing what he truly wants. He emphasizes the importance of controlling the mind and emotions to experience deeper levels of peace and love.

Scott also talks about his asset allocation strategy, including investments in real estate, algorithmic trading, and cryptocurrency. In this conversation, Scott shares his insights on wealth building and asset protection. He emphasizes the importance of clarity in defining one's goals and treating wealth building as a business. He also discusses the need for asset protection strategies, such as using LLCs and living trusts, and optimizing portfolio returns through tax strategies. As wealth scales from seven to eight figures, he recommends using private foundations and investing in CFO-level services. Scott also shares personal experiences, including expensive meals and transformative moments in the jungle. He advises listeners to surround themselves with successful people and ask thoughtful questions.

Transcript

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0:00.0	In terms of like what changed for me was that as I acquired more wealth I started to acquire more things
0:06.3	as acquired more things I realized that I had to take care of all of these things and all of these things
0:09.9	actually caused me relative forms of anxiety. The boat wasn't properly taken
0:14.0	care of or the canams and the motorcycles weren't, whatever, right, what was going
0:18.1	on and once in the moment that it switched for me that said actually what I'm
0:22.2	really about is doing
0:23.9	exactly what I want all of the time and enjoying as much like peace as possible while
0:28.6	I'm doing it so I can enjoy it. The moment I stopped doing that and I just say
0:32.1	what do what is I really want and I'm just say what do I really want?
0:33.2	I'm like, oh well all I really want is actually just to read a book.
0:36.0	Go on and go on a hike.
0:37.0	Nobody's going to think you're cool.
0:38.0	Yeah, but it doesn't matter to me anymore.
0:40.0	Because actually I'm much more about like my peaceful doing exactly what I want versus
0:43.9	trying to get something by doing something and somebody seeing me do it and she
0:49.5	kept to ask me what do you want I was like all I want to figure out how to do
0:51.6	is love myself love others and be at peace that's all I want to figure out how to do is love
0:52.8	others and be at peace. That's all I want to know how to do.
0:55.4	Welcome millionaires and future millionaires. You're listening to the
0:59.2	millionaires unveiled podcast, the show where you'll hear the stories and interviews of everyday
1:04.1	millionaires will unveil their decisions, their strategies, and their portfolio
1:08.7	allocation. Now to your host, Jayce Mattingen.
	...

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