Millionaires Unveiled

Nick has a current net worth of over one million dollars, of which 65% is invested in single family real estate. He has five single family rentals and a primary residence. Once paid off, the homes should cash flow about 60K annually. Three of the rentals are former primary residences. Nick discusses property management and the tools and systems he uses to manage successfully. He also walks through a typical deal including the purchase price, mortgage amount, monthly payments, and cash flow. https://forms.gle/XAGyrWhZGzjqRtgt6

David has a current net worth of over two million dollars. He offers a unique investing perspective and insightful story. David's allocation includes some real estate, but primarily precious metals. He shares his story of starting in the airline industry before quitting his job to focus on what he loves. David also discusses the idea of "health above wealth," and how he came to that realization.  https://forms.gle/atXbwneY7bJUddW99

John has a current net worth of 1.7M which is divided between his primary residence, one rental property, retirement holdings and various other accounts and assets. He started his career in the auto industry and now mixes that with technology for his current job. John discusses career management including negotiating salary, his start to personal finance and real estate investing, and the value of spending time with those you love. Listener Survey - https://forms.gle/YG2yyCqPYvAbYTWw8  

Dion has a current net worth of 1.25M. He was divorced at age 40 when he had a net worth of -90K. He turned around his financial situation and became a millionaire under 10 years later at the age of 48. He owns 14 rental units (no stock market investments) which provide annual net cash flow of 84K; his max W-2 salary has been 75K. Dion has also worked as a truck driver and police officer until he decided to find cash flow streams that weren't dependent on a job. Listener Survey - https://forms.gle/ozd6UtjKgPxW75Xh7

Al has a current net worth of five million dollars, of which 2.5M is invested in Tesla stock. He purchased about 1,000 shares of Tesla for $200,000 and the stock has skyrocketed since. Al became a millionaire at the age of 45, prior to investing in Tesla stock (he is now 47 years old). Al shares insight into the financial advisory business, his financial goals, the importance of one's time, and whether more money has brought less stress and more happiness. 

Brandon has a window washing business and makes about 50K a year. He started the company when he was 11 years old and has been growing it ever since. He also has investments in real estate (two townhomes and a plot of land). Brandon and his wife budget for about 3.5K monthly in living expenses. Brandon discusses the tradeoff of growing his business vs time and freedom, how he started in the window washing business, why small business has been a good thing for him, and the importance of finding value and enjoyment in one's work.  Listener Survey - https://forms.gle/rvmb6pJYSXHtXfdZ8

Cecilia has a current net worth of 1.5M, about 420K of which is in home equity; she also has 640K in retirement accounts. Cecilia shares her story of working in a corporate job before deciding to start her own coaching and development company. She is divorced and has two kids almost off to college. She is working on "what the next stage of life looks like." Cecilia also discusses her upbringing, keeping up with the Joneses, teaching kids about money, and budgeting.

Marvin and his wife have been married for about 15 years and have no children. Their current net worth is just over one million dollars, 785K of which is invested in retirement accounts; He also has 30K in home equity. Marvin shares his background which includes joining the military at the age of 17, working in learning and development, and adventure/travel. He also shares advice and insight about paying off personal debt, buying a timeshare, balancing two careers, and more.

Trae has a net worth of $2.3 Million. Of the 2.3M, 80% is invested in a small business software startup. Trae also has investments in the stock market, real estate, and crypto. He discusses his interest in small business and software, how he started in real estate, and how his high risk tolerance has influenced his financial success. Trae shares advice on lines of credit, work/life balance, financial independence, and his goals for the future.

This episode is unique in the sense that there are two guests; Stu and Jimmy, a father and son respectively, who discuss their personal and financial journeys. Stu has a net worth of 1.3M while his son has a net worth of about 300K. They discuss their mindset and attitude about money, the importance of life insurance, being on the same page as one's spouse, and the value of hard work. Stu and Jimmy also share general advice, what they've learned from each other, and their advice for teaching kids about money.