384: Net Worth Of $2.0M - Couponing to Millions And A Paid Off House Before 40

Millionaires Unveiled

Jace Mattinson

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

4.8 • 872 Ratings

🗓️ 18 November 2024

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

Josh and Emily, a couple from Arizona, share their financial journey and how they reached a net worth of over $2 million. They are in their early 40's. They paid off their home in 2018 and then purchased a rental property, which they turned into an Airbnb. They have been diligent savers and have maxed out their retirement accounts. They have also taught their children about money by having them contribute to their own expenses and giving them financial responsibilities. They are now focused on learning how to spend and enjoy their money while still maintaining their frugal habits.

Takeaways

-Paying off your home can provide a sense of peace and financial security.
-Investing in real estate, such as purchasing a rental property, can be a good way to generate cash flow.
-Maxing out retirement accounts and investing in the stock market can help grow wealth over time.
-Teaching children about money from a young age can instill good financial habits and responsibility.
-Finding a balance between saving and enjoying your money is important for a fulfilling life.

Sound Bites

"Paying off your house was a big goal for us. It gave us a lot of peace and security."
"After paying off our house, we stumbled into the FIRE community and purchased a rental property."
"We contribute max what we can to Roth IRAs every year plus my 401k."

Transcript

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0:00.0	Yeah, yeah, we were, that was one of our big goals at the time.
0:04.4	Some people don't think you should pay off your house, but for us, it was kind of a big deal.
0:12.3	It really changed the way that we felt.
0:15.3	We had a lot more peace and a lot of more security, and we just, it just, it gave us a lot of momentum financially I felt like in when we
0:24.6	first moved here and I wasn't working very much I felt like a saving money was like my superpower and
0:31.2	couponing was the way I was going to make my millions and so I really I was really good at my
0:37.1	couponing I we hardly good at my couponing.
0:38.0	We hardly spent anything like $25 per week for groceries.
0:43.5	It was crazy.
0:44.8	Welcome millionaires and future millionaires.
0:47.6	You're listening to the Millionaire's Unveiled Podcast.
0:50.5	The show where you'll hear the stories and interviews of everyday millionaires will unveil their
0:55.2	decisions, their strategies, and their portfolio allocations.
0:59.8	Now to your host, Jace Mattinson.
1:04.0	Welcome back to the episode of Millionaires on World Podcast.
1:06.4	This is episode number 384.
1:09.5	This is the podcast that takes you behind the scenes with self-made
1:12.7	millionaires to reveal the real stories, hard lessons, and surprising truths about building
1:16.5	wealth. We are your host, Jason Stacey, and each week we dive into the journeys of individuals
1:21.3	who have achieved financial independence. Whether you're looking for inspiration, actionable
1:25.7	advice, or just a glimpse into the mindset of those who've made it, you're in the right place.
1:30.4	Get ready to learn how they did it and how you can too.
	...

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