Millionaires Unveiled

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

Jan 13, 2025

38:24

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.