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Millionaires Unveiled

Latest episodes

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Dec 9, 2024 • 42min

387: Net Worth Of $1.1M - This Is The Golden Age Of Investing

Summary Ryan, an officer in the National Guard, shares his journey to becoming a millionaire and his plans for retirement. He discusses his net worth, which is currently $1.1 million, and how he achieved it through investments and a pension from the military. His pension could be worth $3-$5 million. Ryan is in his late 30's. He emphasizes the importance of starting to invest early and taking advantage of compounding interest. He also talks about his passion for travel and his plans to pursue entrepreneurial ventures in retirement. Takeaways *Start investing early and take advantage of compounding interest *Consider the benefits of a pension and other retirement accounts *Travel can be a worthwhile expense and a rewarding experience *Entrepreneurship can provide fulfillment and additional income in retirement  
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Dec 2, 2024 • 54min

386: Net Worth Of $2.1M - I Check My Net Worth Everyday & Still Drive My Car From College

Summary Andrew is currently working for a company called Practice CFO, a fractional CFO financial planning company for dentists and healthcare professionals. He is 37 years old and he has a net worth of $2.125 million, broken up into real estate and paper assets. His paper assets include a mix of index funds, ETFs, bonds, and REITs. Andrew is a long-term investor and is not concerned about short-term market fluctuations. He maxes out his retirement accounts and also invests in real estate syndicates, including single-family rentals, student housing, vacation rentals, and build-to-rent properties. He prioritizes filling up his tax-advantaged retirement accounts and then invests the rest in real estate or the brokerage account. Andrew keeps some cash available for opportunistic real estate investments. Andrew's main goal is to have a net worth of $5 million by age 45. He values financial freedom and the ability to buy time. He pursued a career in finance and strategy, working for companies like Dell and Vrbo. However, he felt unfulfilled and wanted more intellectual stimulation. He started doing fractional work for a friend's business and found it fulfilling. This led him to make the leap from corporate America to a small business environment. Andrew believes in working hard, serving others, and finding fulfillment in work. He emphasizes the importance of experiences and travel. He has maintained his financial habits and focuses on offense rather than defense with money. Takeaways *Andrew works for a fractional CFO financial planning company for dentists and healthcare professionals. *His net worth is $2.125 million, with a mix of real estate and paper assets. *He is a long-term investor and is not concerned about short-term market fluctuations. *Andrew maxes out his retirement accounts and invests the rest in real estate syndicates or the brokerage account. *He keeps some cash available for opportunistic real estate investments. Set clear financial goals and regularly assess your progress *Find fulfillment in your work by serving others and constantly learning *Invest in experiences and travel for long-lasting memories *Maintain good financial habits and focus on offense rather than defense *Be open to different investment opportunities and diversify your portfolio Sponsored by: Icognic www.incogni.com/unveiled  Shopify www.shopify.com/unveiled
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Nov 25, 2024 • 47min

385: Net Worth Of $10.0M - Former Stuntwoman & Model Turned Entrepreneur

Summary Bunny has a net worth of $10 million. Most is in the value of her businesses but she does own some real estate and keeps a little inveted in the market. She is a successful entrepreneur and business coach. She shares her journey of owning and managing multiple companies. She started as a stuntwoman and model but eventually pursued a master's degree in counseling and psychology. Bunny currently owns seven companies and has had a total of 16 companies in the past 19 years. She emphasizes the importance of investing in her own businesses rather than the stock market, as it provides higher returns and tax advantages. Bunny also discusses the concept of seasons instead of balance and the value of focusing on priorities. Bunny shares her journey of identifying her expertise and focusing on her niche to maximize growth. She discusses how her heart condition motivated her to be greedy and selfish with her time, leading her to find ways to minimize effort and maximize return on investment. Bunny emphasizes the importance of being confident in your highest value and prioritizing what truly matters, such as family and personal fulfillment. She also talks about the significance of delivering value and making a positive impact in the world, rather than solely focusing on financial success. Takeaways *Investing in your own businesses can provide higher returns and tax advantages compared to investing in the stock market. *Prioritizing and focusing on what truly matters to you can lead to greater success and fulfillment. *Creating systems and delegating tasks can free up time and energy for more important activities. *Balance is a myth, and it's more about finding the right seasons and priorities in life. Identifying your expertise and focusing on your niche can lead to significant growth and success. *Being greedy and selfish with your time can motivate you to find ways to minimize effort and maximize return on investment. *Confidence in your highest value and prioritizing what truly matters, such as family and personal fulfillment, can lead to a more fulfilling and successful life. *Delivering value and making a positive impact in the world should be prioritized over solely pursuing financial success. Sound Bites "Investing in your own companies, you're getting 234% back." "Betting on yourself is the least risky thing you can do." "I still have a wealth advisor... as long as I'm beating that mother, I'm still winning." "How long do you think it took you to get to this area of identifying your expertise and being able to really capitalize on the growth that's possible from just focusing on your niche and what you're excellent at?" "How can I put in this minimum viable effort and get a maximum return?" "What's unique about your approach is that it's the exact opposite of lazy. You might think, oh, limited hours, but it's maximum productivity within limited hours so that you have maximum output basically across the board in your entire life, which is amazing."  
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Nov 18, 2024 • 40min

384: Net Worth Of $2.0M - Couponing to Millions And A Paid Off House Before 40

Summary Josh and Emily, a couple from Arizona, share their financial journey and how they reached a net worth of over $2 million. They are in their early 40's. They paid off their home in 2018 and then purchased a rental property, which they turned into an Airbnb. They have been diligent savers and have maxed out their retirement accounts. They have also taught their children about money by having them contribute to their own expenses and giving them financial responsibilities. They are now focused on learning how to spend and enjoy their money while still maintaining their frugal habits. Takeaways -Paying off your home can provide a sense of peace and financial security. -Investing in real estate, such as purchasing a rental property, can be a good way to generate cash flow. -Maxing out retirement accounts and investing in the stock market can help grow wealth over time. -Teaching children about money from a young age can instill good financial habits and responsibility. -Finding a balance between saving and enjoying your money is important for a fulfilling life. Sound Bites "Paying off your house was a big goal for us. It gave us a lot of peace and security." "After paying off our house, we stumbled into the FIRE community and purchased a rental property." "We contribute max what we can to Roth IRAs every year plus my 401k." Sponsored by: indeed.com/unveiled shopify.com/unveiled
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Nov 12, 2024 • 42min

383: Net Worth Of $1.8M - Mining for Millions

A young mining industry professional reveals his journey to amass over $1.8 million in net worth. He stresses starting investments early, particularly in tax-advantaged accounts like Roth IRAs. Paying off his mortgage aggressively has granted him financial freedom. His goal? To reach $3 million in invested assets by 45. The discussions highlight the balance between financial success and personal values, emphasizing the mining industry's crucial role in the economy and the importance of strategic financial planning.
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Nov 4, 2024 • 44min

382: Net Worth Of $13.5M - Hitting 7 Figures In Several Different Asset Classes

Olin Erickson, a digital marketing agency owner with a net worth of $13.5 million, shares his wealth-building journey. He discusses the necessity of diversifying investments across real estate, stocks, and cash. Olin emphasizes starting early in investing and the long-term benefits of indexing. He reveals how his father influenced his investment philosophy and the balance between distributing profits and reinvesting in his business. With plans for financial independence by 50, he shares insights on family dynamics and the joy of helping others succeed.
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Oct 28, 2024 • 50min

381: Net Worth Of $4.0M - "What Is Ordinary To You Is Amazing To Others"

Tom shares his inspiring journey from Navy engineer to entrepreneur with a net worth of $4 million. He emphasizes the importance of investing in oneself and continuous learning. The conversation includes insights on balancing real estate and stock investments while focusing on making an impact rather than just money. Tom reflects on valuing experiences over material wealth and the importance of mentorship and community. He encourages listeners to embrace challenges and share knowledge, highlighting that what seems ordinary to some can be extraordinary to others.
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Oct 21, 2024 • 39min

380: Net Worth Of $5.3+M - Appreciating Loved Ones & Embracing Life

Mark shares his inspiring journey toward financial independence after a lengthy career in law enforcement. After inheriting a substantial sum amidst personal tragedy, he emphasizes the importance of cherishing loved ones and not taking life for granted. His insights reveal the emotional complexities of managing newfound wealth alongside grief. He also discusses transitioning from frugality to generosity in retirement while enjoying life’s luxuries, like a Porsche, and emphasizes the value of creating memorable experiences.
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Oct 15, 2024 • 41min

379: Net Worth Of $2.5M - An Engineer Wearing Luxury Brands From India to Australia

An engineer from India shares his inspiring journey from a paycheck-to-paycheck lifestyle to achieving a net worth of $2.5 million in Australia. He delves into the power of real estate investments and the benefits of superannuation for retirement savings. With ambitions of hitting $5 million and generating $100,000 in passive income, he emphasizes the importance of diversification, goal setting, and a positive mindset. He believes in the value of hard work and the significance of creating lasting memories through travel.
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Oct 7, 2024 • 1h 3min

378: Net Worth Of $37M - Changing a Family Tree: My Dad Never Made More than Minimum Wage Yet All 10 of Us Became Millionaires

Discover the inspiring journey of a $37 million millionaire who emerged from a minimum-wage upbringing. His father's work ethic fueled the success of him and his siblings, all achieving millionaire status. From being a Navy pilot to building a scaffold company, he faced early setbacks but pivoted to smart investments, including tech startups like PlantSnap. As he shares strategies for profitability and diversification, listeners gain insight into wealth-building, family investment dynamics, and the importance of patience in financial growth.

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