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Millionaires Unveiled

356: Net Worth Of $2M - Slow & Steady - At The Same Fortune 500 Company For Entire Career

Millionaires Unveiled

Jace Mattinson

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

4.8872 Ratings

🗓️ 6 May 2024

⏱️ 42 minutes

🧾️ Download transcript

Summary

Summary

James has a net worth of $2 million. He is in his 50's and plans to retire in a couple of years. Most of his wealth is invested in the market via his 401(k). He has worked for the same Fortune 500 company most of his life. It tooks him 25 years to get to the first million and 5 years to get to the 2nd million. They took a slow and steady approach to wealth building, primarily through their 401(k)s and home equity. James emphasizes the importance of having a shared vision with your partner and making financial decisions that align with your values. He also discusses the role of pensions in their retirement plan and the lifestyle changes they made along the way. James encourages others to start saving early and not to rely too heavily on financial experts, as no one has all the answers.

Transcript

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0:00.0

their boldness with you know changing jobs or starting businesses or you know taking that

0:07.5

risk in real estate or making that investment in a single stock and and I have considered all of those things over the years, but I never had the boldness to pull the trigger.

0:20.0

But it doesn't mean that, you know, that my path was a bad one. It's worked out beautifully and I think in some ways it's more similar to the path that most American millionaires follow,

0:33.4

you sort of wake up one day and go,

0:35.0

oh, wow, this really worked.

0:37.4

Welcome millionaires and future millionaires.

0:40.2

You're listening to the Millionaires Unveiled Podcast,

0:43.0

the show where you'll hear the stories and interviews

0:45.2

of everyday millionaires will unveil their decisions,

0:48.4

their strategies, and their portfolio allocations.

0:52.2

Now to your host, J.S. Mattingen.

0:58.0

Welcome back to another episode of the Miners-in-Vell podcast. This is episode

1:02.0

number 356.

1:04.3

Stace, how's going?

1:06.3

Going great, how are you tonight, Jace?

1:08.2

You know, this is kind of one of my pseudo-favor holidays, Cinco de Mayo,

1:12.3

eat some tacos food, which I've actually had all weekend to celebrate, so I'm doing pretty good if I do so say myself and it's starting to heat up a little bit. We're getting ready for summertime, which is crazy.

1:28.3

Kids are getting out of school across the country this month and next, I feel and yeah things change I feel like with the seasons and

1:36.8

kids getting out of school and everything else that goes with that like convincing them

1:42.1

it's time for bed even though it's sunny outside.

1:44.4

I mean I'm still trying to convince myself it's time for bed when it's sunny outside.

1:49.6

So today we had a, well I guess a few weeks, we had a listener pipe in on Speak Pipe

...

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