392: Net Worth Of $3.0M - Working At Red Lobster to 500 Units And A Few Million

Millionaires Unveiled

Jace Mattinson

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

4.8 • 872 Ratings

🗓️ 13 January 2025

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode, Glenn shares his inspiring journey from working at Red Lobster to becoming a successful real estate investor with a net worth of around $3 million. Most is in real estate and real estate related assets. 500k is in private notes. He discusses the pivotal moments that led him to pursue real estate, including his strategic investments in single-family homes and mobile home parks. Glenn emphasizes the importance of focusing on income-producing assets and shares insights on transitioning from a W-2 job to full-time entrepreneurship. He also reflects on the mindset shifts that have shaped his financial approach and offers valuable advice for those starting their investment journey.

Takeaways

*Glenn started his journey with a low-paying job at Red Lobster.
*He transitioned into real estate after reading 'Rich Dad Poor Dad'.
*Investing in rental properties changed his financial situation dramatically.
*Focusing on income-producing assets is key to financial freedom.
*Glenn emphasizes the importance of mindset in investing.
*He believes in the benefits of whole life insurance for wealth building.
*Podcasts have been a significant source of learning for him.
*He advises against relying solely on 401(k) for retirement.
*Glenn's strategy includes private lending for passive income.
*He values work-life balance and being present for his family.

Transcript

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0:00.0	and with instead of just paying the tax now and then deferring forever with real estate.
0:07.9	And that was kind of the idea that I would get from your podcast.
0:12.1	And I could tell the guys that were investing in real estate seemed to have more of a abundance compared to a saver, you know,
0:24.6	because saving is great at the beginning,
0:27.7	and then it turns into these savings have to turn into income.
0:31.8	And, you know, ideally I would like to have an idea of where I can spend money, but if I have to...
0:38.7	Welcome millionaires and future millionaires.
0:41.6	You're listening to The Millionaires Unveiled Podcast, the show where you'll hear the stories
0:45.9	and interviews of everyday millionaires will unveil their decisions, their strategies,
0:50.9	and their portfolio allocations.
0:53.8	Now to your host, Jace Mattson.
0:58.8	Welcome back to another episode of the Millionaires and Built podcast.
1:01.6	This is episode of my 392.
1:04.6	This is the podcast where everyday millionaires share the real stories behind their wealth,
1:08.9	how they built it, what they invested in, and the missteps they encountered along the way. We're your host, Jason Stacey, and we're diving
1:14.9	into candid conversations with people who might just be your next door neighbors. Our guests
1:19.4	will uncover how they transform modest savings into significant wealth, offer investment tips
1:23.7	that could change your financial outlook, and share personal stories that might surprise you
1:27.7	and inspire you. So tune in and get ready to discover how regular people like us turn to aspirations
1:32.5	and new achievements. Don't worry while we dig deep for the details. We keep it all family friendly.
1:38.4	Today's episode is one for the record books. Super excited to have Glenn on the podcast. He started working out at Red Lobster, which is pretty crazy.
1:48.3	Today he's got most of his net worth in real estate, but it tells a story of going to W2
	...

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