394: Net Worth Of $1.4M - The Millionaire Carpenter: Never Made Over $70K, Broke His Back, Lost $80k In A Bad Partnership

Millionaires Unveiled

Jace Mattinson

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

4.8 • 872 Ratings

🗓️ 27 January 2025

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode, Ben shares his inspiring journey from living without running water to achieving a net worth of $1.4 million through real estate investments. He discusses his early experiences in construction, the challenges he faced in his first property purchase, and the lessons learned from partnerships and investments. Ben emphasizes the importance of taking action, learning from mistakes, and maintaining a balance between work and personal life as he continues to grow his real estate portfolio.

Takeaways

*Ben's journey began at 21 when he bought a house for $13,000.

*He achieved millionaire status by age 33 through hard work and real estate investments.

*His net worth is primarily in real estate, with a goal of reaching 100 units.

*He emphasizes the importance of communication in partnerships to avoid misunderstandings.

*Ben learned to be creative in financing his real estate ventures.

*He has faced setbacks, including a partnership that cost him $80,000.

*His approach to investing includes maintaining liquidity through stocks.

*He advocates for taking action and learning through experience in real estate.

*Ben's construction background has been a significant asset in his investments.

*He aims to enjoy life while growing his wealth, balancing work and personal time.

Transcript

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0:00.0	Yeah, yeah, I've worked full-time until last year.
0:04.7	I worked full-time as a carpenter, and then I would work on the real estate after hours.
0:11.3	So this year I went part-time, working three days a week, and then working on the real estate.
0:19.4	So the goal is to solely not work in the, as a carpenter at all,
0:26.4	and just work in the real estate and just kind of keep building that portfolio.
0:30.4	I just wanted, I just didn't want to pay rent.
0:32.6	And then I went on to like a deep dive into like,
0:36.8	what do wealthy people do to grow their wealth.
0:41.2	And so it kept coming up real estate, stocks, bonds, running, starting a business.
0:46.7	So real estate just made more sense to me because I had the construction experience.
0:51.8	So I could buy something that was really cheap. I'd fix it up,
0:56.6	all my own labor, and it just made a lot of sense to me, buying a stock from some company
1:04.7	they don't know what they're doing. I had an ability to push a lot more, and I built my wealth a lot quicker
1:13.5	than I think I could have ever done in just buying stocks and saving money.
1:19.0	Welcome millionaires and future millionaires. You're listening to the Millionaire's Unveiled
1:23.9	Podcast. The show where you'll hear the stories and interviews of everyday
1:27.7	millionaires will unveil their decisions, their strategies, and their portfolio allocations.
1:34.0	Now to your host, Jace Matanson.
1:38.7	Welcome back to another episode of the Millers Unvelde podcast. This is episode number 394.
1:45.6	This is the podcast where everyday millionaires share the real stories behind their wealth, how they built it, what they
1:49.7	invested in, and the missteps they encountered along the way. We're your host, Jason Stacey,
1:53.8	and we're diving into candid conversations with people who might just be your next-door neighbors.
	...

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