393: Net Worth Of $4.6M - Broke to Bougie: Divorce, Restart, and The High Life With Christian Louboutins

Millionaires Unveiled

Jace Mattinson

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

4.8 • 872 Ratings

🗓️ 21 January 2025

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode of the Millionaires Unveiled podcast, host Jace interviews John, a tech professional with a remarkable financial journey. John shares his background as a first-generation immigrant from Argentina, his current net worth of $4.6 million, and the strategies he employed to build his wealth. The conversation delves into his experiences with home equity, investment portfolios, and the importance of financial literacy. John discusses the balance between enjoying life and maintaining financial discipline, as well as his plans for early retirement. This insightful discussion offers valuable lessons on personal finance, investment strategies, and the mindset needed for financial success. John shares his journey towards financial independence, emphasizing the importance of time over money, the challenges he faced in his early career, and the lessons learned along the way. He discusses his aspirations for the future, the significance of family, and the value of education. John also reflects on his financial struggles, the evolution of his investment strategies, and the personal growth that has come with achieving financial success. He concludes with advice for those just starting their own journeys.

Takeaways

*Paul's journey from a blue-collar immigrant family to financial success is inspiring.
*He emphasizes the importance of financial literacy and education.
*Home equity played a significant role in his wealth accumulation.
*Paul's investment strategy includes a mix of retirement accounts and brokerage funds.
*He advocates for maxing out retirement accounts to build wealth over time.
*The transition to enjoying wealth involved setting a budget for experiences.
*Paul credits his wife for helping him balance spending and saving.
*He believes in planning and setting financial goals at the beginning of each year.
*Paul's approach to retirement is focused on quality of life and family time.
*He aims to retire in the next two to four years, prioritizing health and happiness over wealth. We're willing to walk away from the money.
*I want to be more present there.
*I went to a defunct college.
*It took about seven years to get my career to the point.
*I started seeing the AUM fees and I was like, not doing this anymore.
*I just threw myself into books.
*The total cost of the trip was about $60,000.
*I would love to dress better.
*If I can get here, you can get here.
*Make your plan. Drive as hard as you can.

Transcript

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0:00.0	watching and experiencing what it can do when you put your money where something that has
0:06.3	value and you release that and the power that it has, not just for us, but like the things
0:12.0	that we've been able to help our families be able to enjoy that they probably couldn't
0:15.2	have enjoyed. And experiencing with them, I don't know, there's a certain point where that that money value tradeoff
0:22.6	is so worth it, become like exponentially more expensive, more wealthy, sure. But like, that comes
0:28.4	as a tax, comes at a tax to your health, comes at a tax to your time with your family. And I think
0:33.2	at a certain point, it's not worth it for us anymore. And so we're willing to walk away from the money,
0:37.8	you know, and just be grateful for what we have. Welcome millionaires and future millionaires. You're
0:42.8	listening to the Millionaire's Unveiled Podcast, the show where you'll hear the stories and
0:47.0	interviews of everyday millionaires will unveil their decisions, their strategies, and their
0:52.3	portfolio allocations. Now to your host, and their portfolio allocation.
0:56.4	Now to your host, Jace Matinson.
1:02.0	Welcome back to another episode of the Minters & Velt podcast.
1:04.5	This is episode number 393.
1:09.1	This is the podcast where everyday millionaires share the real stories behind their wealth,
1:14.6	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 into candid conversations with people who might just be your next-door neighbors.
1:18.9	Our guests will uncover how they transform modest savings into significant wealth,
1:22.7	offer investment tips that could change your financial outlook, and share personal
1:26.3	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.
1:37.6	What a wonderful time of year. Hope everybody had a great holiday, inauguration day, national
	...

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