376: Net Worth Of $2.0M+ - Millionaire at 24. Hedge Funds, Gyms, Hormozi

Millionaires Unveiled

Jace Mattinson

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

4.8 • 872 Ratings

🗓️ 23 September 2024

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Tim has a net worth of $2.0+ million. He started his career in finance, starting a hedge fund in his early 20s that grew to over $350 million in equity. He transitioned into technology and fitness, building a successful gym franchise. He then joined GymLaunch and helped grow it into a multi-million dollar business. Tim is in his early 40's and is now an investor, consultant, and coach, helping small business owners unlock value in their businesses.

He believes in the infinite banking concept and focuses on cashflow and tax mitigation. Tim's journey showcases his entrepreneurial spirit and ability to adapt to different industries. Tim became a millionaire at the age of 24 and has maintained a seven or eight-figure net worth since then. He achieved this through his successful hedge fund business and strategic investments.

Tim emphasizes the importance of hard work, taking calculated risks, and having a strong mindset. He believes that financial freedom comes when investment income exceeds monthly expenses. Tim also shares his experiences with expensive purchases, lessons learned from childhood, and his changing beliefs about success.

Transcript

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0:00.0	I didn't quite understand the sales and marketing component in the beginning, but it was helping people, you know, kind of realize the dreams that they have.
0:08.1	The first was financial, the next was kind of health and wellness.
0:11.6	And then the end of that story was I want a trip to meet
0:16.4	Alex and Lela Hormozzi at Jim Wach. I was a client of theirs in the beginning and
0:21.8	then literally sitting at their dining table in Austin,
0:24.8	he said, you're in the wrong opportunity vehicle.
0:27.6	Welcome millionaires and future millionaires.
0:30.5	You're listening to the Millionaires Unveiled Podcast.
0:33.0	The show where you'll hear the stories and interviews of everyday millionaires
0:37.0	will unveil their decisions, their strategies, and their portfolio allocations.
0:42.0	Now to your host, Jayce Mattingen.
0:45.0	Welcome back to another episode of the Miller News & Velve Podcast.
0:50.0	This is episode number 376.
0:53.2	This is the podcast where everyday millionaires shared the real stories behind their wealth,
0:57.7	how they built it, what they invested in, and the missteps they encountered along the way.
1:02.1	We're host Jason Stacey,
1:03.9	and we're diving into candid conversations
1:06.0	with people who might just be your next-door neighbor.
1:09.1	Our guests will uncover how they transformed
1:11.3	modest savings into significant wealth,
1:13.2	offer investment tips that could change your financial outlook,
1:16.6	and share personal stories that might surprise and inspire you.
	...

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