Millionaires Unveiled

This interview features Allison, a nurse with a net worth of $1.7M. Her husband also works as an engineer. Together they have eight single family rentals, half of which are paid off; the rentals cash flow about $50K annually. They hold about one $1M in equity investments and nearly $700K in real estate. Allison also invests in her 401(k) and a thrift savings plan. Within her equity investments, 90% is in stocks and 10% in bonds.

Today's guest interview features Robert Kiyosaki, the famous author of "Rich Dad Poor Dad." Robert discusses his investing mindset, the importance of continuing education, and the game of getting rich. He also unveils the assets in which he invests, and his view on debt. He shares what it takes to be successful and how failures can be turned into a success. Robert also talks about his new book, Fake: Fake Money, Fake Teachers, Fake Assets: How Lies Are Making the Poor and Middle Class Poorer.

Steve is 31 years old with a current net worth of 500K. He has 100K in home equity, 100K in the Vanguard index fund, VTSAX, 230K in retirement accounts, and about 40K total in educations savings accounts, cash, and a 529 plan. He and his wife (school teacher) have one child and spend about 50K per year; they currently save about 60K per year. Steve discusses how he was able to grow his income, how to work with your spouse on money, and the affect goal setting has had on his financial success. 

Taylor is a financial adviser and small business investor. He has opened/invested in an insurance company, consulting practice, and a healthcare provider. He discusses his portfolio allocation including the criteria used to invest in small businesses; he doesn't own any index or mutual funds. He also provides terrific advice on how to work with one's spouse on money and how being on the same page with investments and spending is essential.

Brad, co-host of the popular personal finance podcast, ChooseFI explains how the podcast got started and what it means to be "financially independent." He talks about intent, how much one needs to retire on a certain lifestyle, and how to get started toward financial independence. He also shares insights on his investment portfolio, health insurance advice for those who are retired or self employed, investing mistakes he's made, and tips for financial success.

Sarah Fallaw, co-author of the new book, The Next Millionaire Next Door, and daughter of Thomas Stanley, author of The Millionaire Next Door, shares insights and data from both the new book, her experiences, and her father. We discuss her recent millionaire studies including how millionaires spend and save their money, what cars they drive, their level of education, and income levels. She divulges how recent findings have differed from the original studies and provides terrific financial advice. 

Andy, with a current net worth of 4.0M, started investing in his 20's. He has 2.7M in retirement accounts, 780K in real estate, 50K in a 529 plan, 260K in music royalties, and 150K in cash. Andy discusses his path to wealth, how he acquired four rental properties, and provides terrific advice for being financially prepared. To learn more about Andy, check out his interview with the Dave Ramsey team at https://www.youtube.com/watch?time_continue=8&v=W9Ghh1f-Igc. 

Keith, the wealthy accountant has a current net worth of approximately 12.5M. Keith discusses his story and path to wealth including his humble beginnings as a farmer. Keith hit his first million at age 31 and unveils his route to financial success which included primarily small business and real estate investments. He provides terrific advice on how to build your net worth, how to stay focused, and shares the best financial advice he ever received. 

Marc has a current net worth of 1.7M. After quitting his job at the age of thirty, he started building and selling websites. He has since sold six websites ranging in price from $10,000 to $500,000; he has sold several sites for six figures. Marc discusses his unique journey to wealth, the strategy around building websites and knowing when to sell, and how to value one's website or blog. Marc also divulges how much he holds in cash and in which Vanguard funds he invests. 

Today's guest interview features Joe from the stacking benjamins podcast. We discuss numerous topics including how the show got started (where the inspiration came from), thoughts on the FIRE movement (how much one needs to retire), where to get started on investing, and why people now tend to be more open with money. We also discuss Joe's background as a financial adviser, who needs one, and the future of the financial planning industry.

Today's episode features Chris Hogan, a member of the Dave Ramsey team. Chris discusses his new book, Everyday Millionaires, in which a third party study of 10,000 millionaires was conducted. He discusses numerous items from the book including the top three careers (engineer, accountant, and teacher), how to get of debt, the average savings rate of millionaires (15%) and millionaire salaries. He also shares a unique millionaire story and a bit about his own.

Jude, with a net worth of around five million, was homeless in his late teens. Through a series of events, he decided to change his life and began working at a hospital. Shortly thereafter, he started his first business which ultimately failed. He bounced back and started another business which helped kickoff his success. Jude currently has holdings in businesses, real estate (single family, multifamily, and commercial) and other assets. Jude shares his remarkable story and provides terrific advice.

Vien, a refugee at birth, now resides in Australia and works as a pharmacist. She has a current net worth of 1.6M with 1.2M in real estate, 200K in her business, 90K in cash, and the remainder in retirement accounts. She discusses her career, allocating money between her business and other investments, and her financial goals for the future. Vien also shares that part of her financial motivation is remembering the time she had three dollars in her bank account and five dollars in her wallet. 

Joe has a current net worth of 1.75M. He works in IT and allocated his money 80% stocks and 20% bonds. Within that allocation, he chooses 60% domestic and 40% international holdings. Joe reached is first million at age 39 and expects the second million to come much faster. He dabbled in single stock investing and real estate, but prefers investing in mutual and index funds. His household range of income has been 52K to 180K. He also shares advice on when to purchase your first home.

Michael Blank, a multifamily investor and host of the "Apartment Building Investing Podcast" shares his passion for multifamily investing and why he believes multifamily real estate is a fantastic investment.  Michael shares his background and investing failures, how to find your first deal, what to look for in a deal, and frequent mistakes made by real estate investors. He also discusses single family investments vs. multifamily investments.