389: Net Worth Of $1.0M - MMA, Car Repo & Business Ownership
Millionaires Unveiled · Jace Mattinson, CPA - Personal Finance/Listen Money Matters
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Show Notes
Summary
Billy and Melissa have a net worth of $1.0 million. This is in various investments including the market and real estate. They are in their late 30s and are business owners. They recently relocated from a high cost of living area to a low cost of living area to participate in geoarbitrage. They started in a big hole that included over 100k in debt and had a car repossessed at one point. They emphasized the importance of staying the course, overcoming adversity and continuous improvment.
Takeaways
*Start investing early and pick a strategy that works for you *Consider risks in life and how they may affect you in the short term and long term *You can make mistakes and still overcome them especially when you're young *Entrepreneurship can provide fulfillment and generate a lot of income but it isn't easy