Millionaires Unveiled

Jeff joins us for today's interview where we discuss his entrepreneurial journey including the ups and downs, trading stocks including calls and options, the current state of the market, and his financial viewpoints on insurance, generational wealth, and changing one's lifestyle when net worth increases. Jeff is the co-founder of ragingbull.com and first reached millionaire status in his early 30's. 

Mrs. Frugalwoods joins us for this show to discuss frugal living, FIRE, investing, and being intentional with one's decision making. She shares thoughts on raising kids while working, what it's like living (and growing lots of food) on a 66 acre property in Vermont. We also talk about real estate investing, how her interest in personal finance started and what FIRE means to her. Check out her blog at https://www.frugalwoods.com/.

Jack, with a current net worth of nearly $15 million is a land and real estate investor. He is an immigrant from Germany who started with nothing but student loan debt. He took a low paying job out of college and eventually started buying land. Jack has numerous single family rentals and shares how to best manage both single and multifamily investments. He shares his mistakes, advice, and strategies on investing. Find out more about him at https://www.jackbosch.com/.

Pete currently lives in Australia and works as a financial advisor. His net worth is split into three different buckets - real estate, equity investments, and small business. He discusses his background and story including almost being an Australian Olympic swimmer before finding the financial planning industry. He was 35 years old when he hit his first million. Pete now travels extensively and enjoys spending time with family and friends while helping others on their journey through life.

This episode features Jerry with a current net worth of 1.2M. He and his wife are both teachers and overcame student debt of almost $50K. At the age of 35, Jerry and his wife had a net worth of zero. Through contributing to retirement accounts and frugal habits, they have become millionaires. Jerry divulges his investment allocation which includes a 529 plan, an HSA, and 925K in the Vanguard total stock market index fund.

Maria Bruno is the head of U.S. wealth planning research at Vanguard. We discuss the current state of the market and specific trends Vanguard has discovered from their research. Maria shares insights on Roth vs. Traditional investments, Roth IRA conversions, required minimum distributions, and U.S. vs. international allocation. She also discusses Vanguard's investing principles and how much one should consider taxes in their investment planning.  https://vanguardblog.com/author/maria-bruno/

Glenn, with a current net worth of $5.5M is a multifamily investor and syndicator. He started his real estate journey as a repair man and leasing agent and later started buying his own apartment complexes. Glenn shares his insightful and honest life story in which he had to start fresh from being over leveraged and losing a job during the 2008 recession. He shares a powerful story of the determination to succeed and the ability to regain hope, success, and wealth.

Tim Sykes is a penny stock trader who has earned millions after starting with just $12,000. Tim discusses the ins and outs of penny stock trading including how to get started, how much to invest, what to invest in, where to look, and the mindset to have. Tim also discusses success in both business and life and provides excellent advice on being honest and patient in both investing and life.

Steve, an entrepreneur in his young thirties, recently received a payout from his tech company. Besides his $200K in cash holdings, he also has $500K in home equity, $200K in the market, and an additional $200K in business equity. Of the money invested in the market, over 50% is invested in the S&P. He discusses his career path in technology and computer science, how equity in a new business works, and concludes with terrific advice on balancing one's career and family. 

Dom, a 31-year-old executive has worked tirelessly to build up not only his income but also himself. He discusses how he was able to grow his income so quickly (combined income of $165K in 2012 to $475K in 2018), how he invests (32% primary residence, 17% S&P index fund, 17% other real estate, 22% company equity, 8% life settlements, 3% cash, 1% cars), and the mistakes he's made along the way. Dom also provides insight into personal development, paying off one's mortgage, and investing strategies.

Rich, with a current net worth of about $2.2M, is currently living abroad as an officer in the military. He has a portfolio of 20 single family rental homes. He currently makes about $100K a year in passive income from his rentals. Each home is worth about $80K and was often purchased for much less. Rich considers himself part of the FIRE community, specifically fatFIRE. He discusses how he built his real estate portfolio and how he manages them from abroad. 

Today's guest, Kevin Bupp, is the host of the popular podcast, "Real Estate Investing for Cash Flow." We talk about real estate investing and primarily mobile home park investing. How are mobile home park investments different than single and multifamily investing? What are the pros and cons of the investment? How does one get started in the space? Kevin also discusses his financial and investment journey and provides excellent advice for financial success. 

Damion Lupo, an entrepreneur, author, and real estate investor shares his story of reaching a net worth of $20 million before losing it all in the 2008 financial crisis. Damion talks about how he rebounded from the loss and now has a goal to free one million people from financial bondage. We also discuss mastering goals and having a purpose, the psychology of success, building confidence, and the importance of mentors and masterminds.

Scott, an asset protection attorney with a net worth of seven million unveils his portfolio and investing strategy. He also owns a growing business which isn't included in his net worth calculation. We discuss how much one should reallocate back into his/her business, goals for the future, and when enough is enough. Scott also talks about what he looks for in a real estate investment, and provides asset protection advice.

Hunter, with a current net worth of $1.4M is a financial adviser. We discuss who needs a financial adviser, the benefits of having one, when one should hire an adviser and several of the common misconceptions related to the industry. Hunter has about $700K between two houses, $500K in the market between both traditional investment and retirement accounts as well as holdings in different single stocks including Facebook, Google, Amazon and Netflix.