372: Net Worth Of $1.05M - Lights, Camera, Net Worth (Millionaire)

Aug 26, 2024

Guest

Haley

Guest

Ryan

Ryan and Haley, a couple thriving in the entertainment industry, share their financial journey to a net worth of over $1 million. They discuss their investment strategies, including contributions to Roth IRAs and HSAs, and their aspirations for early retirement. The couple emphasizes the importance of shared financial values and disciplined saving. They also reflect on their frugal habits, unique job experiences, and the influence of their upbringing on their financial mindset, all while prioritizing experiences over material possessions.

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Episode notes

Intro

00:00 • 3min

Art Appreciation and Economic Speculations in the Entertainment Industry

02:39 • 3min

Celebrating a Milestone: A Journey to $1.05 Million

05:41 • 2min

Navigating Financial Growth Through Investment Strategies

07:47 • 14min

Journeys in Media and Finance

21:52 • 17min

Anecdotes of Quirky Jobs and Impulsive Parenting Purchases

38:24 • 2min

Evolving Financial Perspectives

40:17 • 7min

Summary

Ryan and Haley, a married couple in the entertainment industry, share their journey to becoming millionaires. They met at work and have been working in video production and editing. They currently have a net worth of just over $1 million, with the majority of their investments in retirement accounts and a brokerage account. They have also recently purchased land and have equity in their primary home.

They have been contributing to Roth IRAs since their 20s and have seen significant growth in their investments. They plan to continue contributing to their 401ks and brokerage account, and they also have an HSA. Their goal is to reach a net worth of around $3-3.5 million and retire early.

Ryan and Haley share their financial journey and mindset, highlighting their frugal habits and focus on experiences over material possessions. They discuss the influence of their parents on their financial habits and the importance of having a partner with similar financial values. They also talk about their most expensive purchases, trips, and meals, as well as their changing financial habits as they strive to reach their goals.

Takeaways

*Meeting at work and pursuing careers in the entertainment industry *Significant growth in investments through Roth IRAs and retirement accounts *Diversifying investments with a brokerage account and HSA *Goal of reaching a net worth of $3-3.5 million and retiring early Having a partner with similar financial values can make a big difference in achieving financial goals. *Experiences and relationships are more important than material possessions. *Hard work and a focus on goals can lead to financial success. *It's important to be mindful of spending habits and avoid wasting money on unnecessary purchases. *Investing early and consistently can have a significant impact on long-term financial growth.

Keywords

millionaires, entertainment industry, video production, editing, net worth, investments, retirement accounts, Roth IRAs, growth, 401ks, brokerage account, HSA, early retirement, financial journey, frugal habits, experiences over possessions, parental influence, partner with similar values, expensive purchases, expensive trips, changing financial habits