Millionaires Unveiled

Today's show features Alex, a 24-year-old who lives and works full time on a yacht. He saves 80-90% of his money as he has few expenses on board. He shares his life and financial story including his desire to be financially independent. He invests primarily in index funds and talks about what he does during the day while working on the yacht, how much the yacht is used, how much it costs to operate, and more. Check out his blog at https://themoneydock.com/.

Gigi and her husband have a current net worth of three million dollars. She is a stay at home mom, while her husband is an engineer. Gigi tells their financial story including how they budget, save for kids college, purchase (or receive) cars, and plan for retirement. She shares terrific advice about "knowing who you are" when investing, and making your money work for you.  Booknotes: https://booknotes.page.link/millionaires

Kristy and Bryce retired at the ages of 31 and 32 from their computer engineering jobs and have been traveling the world since 2015. They quit with a net worth of $1MM and have since grown that to $1.4MM. Their combined income ranged from 60K to 140K while working. We discuss their story, travels, investment mindset, backup plans for a market correction, and Kristy's background of growing up in China and living on 44 cents a day.  Booknotes: https://booknotes.page.link/millionaires

Shiloh has a current net worth of $1.3MM and is primarily invested in real estate. He has 45 single family homes, several of which have lease to buy options. He also has about 35 multi family units and holds about 300K in cash. Shiloh discusses his investment and career journey including starting his career making 35K annually. He also divulges his unique real estate strategy, talks about hard money lending, and unveils financial goals for the future. Booknotes: https://booknotes.page.link/millionaires

Today's show features Chris, an NYC public firefighter. He shares insight into his portfolio allocation, side businesses, and investing mindset. He discusses his career as a firefighter and what one can expect to make in the career. He shares that he and his family have a 50% savings rate and spend 120K annually. Chris also talks about learning from one's mistakes and if/when ge plans to use a financial advisor in the future.

Tom is a small business entrepreneur, consultant, therapist, and author among other things. He discusses starting his therapy business after leaving a comfortable corporate job. Tom shared how he bootstrapped the company, including finding clients and funding. He shares detailed %'s of his portfolio allocation which includes both marketable securities and real estate holdings. He has also written a book on effective communication called, "Task: Performance Based Communication" - https://amzn.to/2F30S1P

On this week's show we divulge a billionaire's balance sheet. We also discuss items that have stood out to us after interviewing more than 100 millionaires. Furthermore we talk about how much personal real estate to have as a percentage of one's net worth and budgeting. 

Our episode today highlights AJ Osborne. He shares his life story including starting his career selling insurance, then turning to cash flowing real estate with primarily self storage and other small businesses. He shares terrific career and life advice. Months after having his fourth child, AJ was diagnosed with a rare disease which soon cause him to be completely disabled and on life support. In this episode he shares not only his struggles, but his difficult and motivating journey back.

David Stein, podcast host and author of the podcast/book titled, "Money for the Rest of Us" joins us for today's interview. We discuss David's background as an institutional investor and money manager, his asset allocation, and his thoughts on what return one should plan for in the future. He also shares advice on cash flow, portfolio allocation, real estate, and risk. Check out his new book at https://amzn.to/341qLt4 and his website at https://moneyfortherestofus.com/.

Our guest today is Ed from https://educatorfi.com/. He has a current net worth of 1.25M. He has about 300K in real estate, including a vacation home, 200K in cash, and 700K in the market. We discuss his career in public education including his journey from teacher to principal to district administrator. Furthermore we discuss how he paid off over 125K in debt. Ed also shares terrific advice on 403(b) and 457 retirement account planning and pensions.

Jeff has a current net worth of four million. He has about one million in retirement accounts, two million in after-tax investment accounts, 500K in his primary residence, 300K in a rental property, and 300K in a small business. We discuss market investing including managing short-term capital gains and which stocks to buy. Jeff also shares his thoughts on retiring early and managing one's finances throughout life.

David has a current net worth of 350K. His asset allocation is 50K in retirement accounts, 250K in real estate, and 50K in cash and index funds. We discuss his financial journey and real estate investments which include house-hacking, duplexes, multifamily housing, single family housing, Airbnb, and land. David also gives advice unique to those serving in the military such as VA loans and housing allowances. Check out his blog at https://www.frommilitarytomillionaire.com/.

Rob Berger, author of Retire Before Mom and Dad: The Simple Numbers Behind a Lifetime of Financial Freedom joins us for this episode. We discuss his financial journey which includes quitting his job after making partner at a D.C. law firm. Rob shares his portfolio allocation, his thoughts on what it means to "retire," how much money one needs in retirement, and how much to save along the way. We also talk about the small choices of saving and investing that are instrumental to a life of financial success. 

Justin has a current net worth of 4.5M. Following his college graduation, he attended law school and worked for a law firm and large energy company. After just a couple years of working, he realized the corporate life wasn't for him and turned to an entrepreneurial journey. He currently owns several rental properties and receives over 50K in monthly rental income. He also discusses purpose, goal-setting, one's tribe or circle of friends, mindset, and attitude. 

Sherry, a STEM (Science, Technology, Engineering, and Mathematics) consultant paid off 60K of student loan debt in 18 months. She also worked tirelessly to increase her income from 60K to 250K annually. She saves an average of 50-60K each year. Sherry's parents won the lottery when she was young, and she discusses the decisions her parents made with the money and how it affected her life. She also shares her portfolio allocation, mistakes made, and the advice she'd give someone in her similar situation.