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Millionaires Unveiled

369: Net Worth Of $2.8M - My Salary Started at 18k and Never Eclipsed 65k

Millionaires Unveiled

Jace Mattinson

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

4.8872 Ratings

🗓️ 5 August 2024

⏱️ 46 minutes

🧾️ Download transcript

Summary

Summary

James is a retired law enforcement employee. He has a net worth of $2.8 million that includes his pension. He shares his journey to becoming a millionaire and retiring early at the age of 49. He emphasizes the importance of starting early and investing consistently over time. James discusses his investment strategy, including the use of retirement accounts and the power of compound interest. He also shares his experiences with spending and the choices that financial independence has afforded him. James offers advice for young people starting their financial journey, encouraging them to work hard and start investing as early as possible. He never made more than ~65k.

Transcript

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0:00.0

I didn't have the money for all the toys and such that the police officers normally did.

0:06.2

I had to really watch my dimes and nickels and

0:11.0

and invest them early and as much as I could to get the most out of that compound

0:18.8

interest because what I what I realized at age 24 was I had the most valuable asset even more important than

0:28.6

money at that at that point which was time. So I could endure what would become, you know, the bad times of 2008 and etc.

0:41.1

I could take those dips because I had enough time to come back and do even better when things would be bad.

0:50.0

Welcome millionaires and future millionaires.

0:53.0

You're listening to the Millionaires Unveiled Podcast.

0:56.0

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

1:00.0

will unveil their decisions, their strategies, and their portfolio allocations.

1:05.0

Now to your host, J. Smattinson.

1:07.0

Welcome back to another episode of the Million spilled the beans on their stacks of green. We are your host,

1:23.2

Jason Stacey, ready to bring you the unscripted tales of wealth.

1:26.6

Warts and all, because who needs a script when you're rolling in dough?

1:30.9

Join us as we dive into the net worse and asset allocations of regular folks turn financial

1:35.4

tightens. It's like cribs but with a little bit more practical advice. We promise the only

1:41.6

rare edits are to be kid-friendly so you won't hear any

1:43.8

naughty language just lots of chiching and a sprinkle of do Ray Me so buckle up

1:48.3

tighten those purse strings and get ready to laugh and learn with millionaires

1:51.2

unveiled. Awesome man I cannot wait for today's episode and as always we're always looking for new great guests.

1:59.0

If you're a millionaire or a soon-to-be millionaire or multi-millionaireaire. We love to have me on the show.

2:04.6

I'm still looking for some various professions. I know we had journalism out there.

...

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