363: Net Worth Of $1.0M+ - Fear Comes Before Success: Ex-Corp Attorney & Businessman Shares His Journey

Millionaires Unveiled

Jace Mattinson

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

4.8 • 872 Ratings

🗓️ 24 June 2024

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

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Summary

Chris has a net worth of $1+ million. Most of it is in real estate but it wasn't always that way. He is a former corporate employee turned real estate investor. He discusses his transition from single-family houses to multifamily investing and the growth of his net worth. Chris emphasizes the importance of diversifying income streams and leveraging retirement accounts for real estate investments. He also highlights the benefits of using HSAs and ESAs for alternative investments. Chris shares his lifestyle balance and future plans, including potential involvement in development projects. Lastly, he discusses his unique approach to teaching financial literacy to his children. In this conversation, Chris shares insights and experiences related to vacations, life lessons, money, and personal growth. He talks about his vacation on the Island of Lanai and the lessons he learned from childhood. Chris also discusses his bucket list experience and the craziest thing he did to earn money. He reflects on the dumbest thing he wasted money on and shares his favorite triathlon. He concludes by offering freebies for listeners.

Transcript

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0:00.0	even if you're single. I think we need to separate our time in the different buckets, okay?
0:05.0	So we need in different activities. So we need to do, we need to spend time on ordinary activities,
0:12.0	which maintain the status quo, but then we also need to spend time on
0:16.2	capital activities which really propel us forward. And paying all the bills, that's a status quo issue.
0:24.8	Generating additional net worth and income streams,
0:28.7	that's capital.
0:30.2	We gotta do whatever we can.
0:31.4	If someone's single,
0:32.4	they gotta figure out a way to spend time in both areas but if you have a spouse what an advantage you have and that somebody can work full time somebody can work entrepreneurship or maybe part time and full time, somebody can work entrepreneurship or maybe part time and full time or two part times, but somebody or somebody's time has got to be spent on capital activities.
0:53.1	It all starts with taking those steps
0:57.2	toward acquiring those assets,
1:00.0	being scared, but doing it anyway.
1:03.2	Everybody's got to get scared before they build up that
1:07.6	that commitment that that the termination to do that. Fear comes first and before success.
1:16.0	Welcome Millionaires and future millionaires.
1:19.0	You're listening to the Millionaires Unveale Podcast,
1:22.0	the show where you'll hear the stories and
1:23.7	interviews of everyday millionaires will unveil their decisions, their
1:27.6	strategies, and their portfolio allocations. Now to your host, Jace Matinson.
1:37.0	Welcome back to the episode of Miners-Inveld podcast.
1:40.0	This is episode number 363, host Jace, here with my co-host, Stacy, how's it going?
1:47.0	Doing really well over here, Jace, how are you?
	...

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