383: Net Worth Of $1.8M - Mining for Millions

Millionaires Unveiled

Jace Mattinson

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

4.8 • 872 Ratings

🗓️ 12 November 2024

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

Zach is in his early 30's. He works in the mining industry and has a net worth of over $1.8 million, with a significant portion in tax-advantaged accounts. He started contributing to a Roth IRA at the age of 14 and has been maxing out his contributions ever since. Zachary has aggressively paid off his home mortgage and now owns his home outright. He has a goal of reaching $3 million in invested assets outside of his primary residence by the age of 45. Zachary emphasizes the importance of being intentional with money and treating personal finances like a business.

Takeaways

*Start investing early and contribute consistently to tax-advantaged accounts like a Roth IRA.
*Aggressively pay off debt, such as a mortgage, to achieve financial freedom and peace of mind.
*Set clear financial goals and create a plan to achieve them, considering short-term, mid-term, and long-term needs.
*Be intentional with money and treat personal finances like a business, making decisions based on long-term financial success.
*Consider opportunities in industries like mining, which offer good careers and salaries, and are essential for the global economy.

Sound Bites

"Start investing early and contribute consistently."
"Aggressively pay off debt for financial freedom."
"Set clear financial goals and create a plan."

Transcript

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0:00.0	Yeah, words of advice. I'd say be intentional with your money. So, you know, it's okay to make mistakes, but the best thing to do is be intentional. So the whole like yolo, you only live once kind of thing is will lead you to the ruin and not in a good place. And so I'd say, yeah, just be intentional. And one thing that I've done that I sometimes tell people when they ask me for advice
0:25.8	or asking, you know, is this a good money decision or not?
0:28.6	I say to think about your life and your finances as if it were a business.
0:33.9	Like you're the CEO of your life and, you know, ask yourself, would this be a good
0:39.3	decision? Like, if you were going to make this as an investment or business decision for a
0:43.3	business, that will kind of tell you whether or not you're making a good decision with your money.
0:48.1	Welcome Millionaires and future millionaires. You're listening to the Millionaire's Unveiled
0:53.1	Podcast. The show where you'll hear the stories
0:55.3	and interviews of everyday millionaires will unveil their decisions, their strategies,
1:00.3	and their portfolio allocations.
1:03.2	Now to your host, Jace Matanson.
1:08.2	Welcome back to another episode of Millionaires and Velt podcast. This is episode number 383.
1:13.0	This is the podcast that takes you behind the scenes with self-made millionaires to reveal the real stories, hard lessons, and surprising truth about building wealth.
1:22.0	We are your host, Jason Stacey, and each week we dive into the journeys of individuals who have achieved financial independence.
1:32.1	Whether you're looking for inspiration, actionable advice, or just a glimpse into the mindset of those who've made it, you're in the right place. Get ready to learn how they did it and how you
1:37.0	can too. Our conversations are always candid and only edited to stay family-friendly. Let's get
1:41.8	started. Hope everybody had a great veterans day out there.
1:45.6	And thank you to all that are serving and have served our country. We definitely appreciate it.
1:50.7	We just wrapped up a little meet up in Austin, Texas this weekend with some of our guests, listeners, etc.
1:58.2	It was a great one. Don't worry if you missed it. We probably will be doing another
2:02.2	one next year sometime. So stay tuned for that. Also, as always, if you'd like to be on the show,
2:08.8	send us an email, me owners unveiled at gmail.com. We are still looking for our 400 millionaire
	...

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