403: Net Worth Of $1.3M - Principal Regrets: A Frugal Fail in a Purple PT Cruiser

Millionaires Unveiled

Jace Mattinson

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

4.8 • 872 Ratings

🗓️ 31 March 2025

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode, Marcus shares his journey as an educator and principal, detailing his financial growth, including his net worth and debt-free journey. He has a net worth of $1.3 million plus a sizable pension that could put his net worth closer to $3 million. A nice chunk is in real estate, the pension and then other investments. He discusses the importance of inheritance and family wealth transfer, his career path in education, and his future goals, including retirement planning and multi-generational wealth. Marcus emphasizes the significance of financial literacy and experiences over material possessions, providing insights into his life and financial philosophy.

Takeaways

Marcus has been an educator for 24 years and is also an author.
Marcus and his wife embarked on a debt-free journey four years ago.
They paid off three houses in under four years and all their cars.
Marcus plans to retire at 50 and mentor principals on a voluntary basis.
He has a doctorate and teaches aspiring principals at the college level.
The couple aims to build multi-generational wealth for their children and grandchildren.
Marcus emphasizes the importance of financial literacy for youth.
He believes experiences are the best way to spend money.
Marcus's financial overhaul was influenced by reading Dave Ramsey's principles.

Transcript

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0:00.0	When we started our first year, we pretty much slept on, it was a, what was the bed
0:06.2	calls an air mattress, did not furnish the house that we moved in for the first year because
0:12.1	we wanted to be that intense about what we're doing.
0:15.6	So first year we paid off the house that my father's staying in.
0:20.1	The second year, we paid off the one that her parents are staying in.
0:24.1	And the third year, which we just passed, we paid off our house.
0:28.5	Welcome Millionaires and future millionaires.
0:31.4	You're listening to the Millionaire's Unveiled Podcast.
0:34.4	The show where you'll hear the stories and interviews of everyday millionaires
0:38.0	will unveil their decisions, their strategies, and their portfolio allocations. Now to your
0:44.0	host, Jace Matanson. Welcome back to the episode of the Milers and Felt Podcast. This is episode
0:50.4	of Reporting 3. This is the podcast where we dive deep into the inspiring stories of
0:54.8	self-made millionaires from all walks of life. We are your host, Jason Stacey, in each episode,
0:59.9	we uncover the strategies, setbacks, and turning points that led these individuals to financial
1:04.3	freedom. Whether you're just starting out or looking to level up your wealth-building journey,
1:08.4	join us as we share the secrets and wisdom from those who have built their fortunes from the ground up. Get ready to learn, be inspired,
1:14.3	and take actual steps towards your own success. It's almost April Fool's Day, and we have
1:19.6	always talked about pulling a prank on y'all, but have not done so yet, I don't think.
1:24.6	One of these years, though, maybe we'll pull April Fool's prank. At any rate, if you'd like to be on the show, send us an email, mirrors unveiled at gmail.com. I was looking for new great entertaining guests willing to share their story. Today on the show, we've got Marcus. He's got a net worth of 1.3 plus a pension. He's probably with the value of the pension, what he will get from income. He's got a net worth of 1.3 plus of pension. So he's probably with the value of the pension, what he will get from income.
1:47.4	He's probably north of $3 million-ish and true net worth.
1:52.6	And a good chunk of that is in real estate and the pension and then some of the market.
1:57.3	And he has a little bit of inheritance, I guess some some property that's been passed
	...

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