Millionaires Unveiled

Today's guest is Lee Kearney who has extensive experience in buying (via a variety of methods) and flipping single family homes; he has flipped over 7,000 homes in his career. We discuss how to find the homes including mailers, calling sellers, foreclosures, auctions, MLS systems, etc.. Lee shares the details of both a horror story and his best deal and also shares his recent experience (he was close to being on a ventilator) with COVID-19.

Sam from Financial Samurai has a net worth of three million and makes 250K in passive income annually. He discussed his career in finance for 13 years before retiring early. Sam shares the good and bad from early retirement, his net worth allocation, and his experience with investing in real estate crowd funding platforms. He also talks abut negotiating a severance upon leaving a job.

Today's episode features our first follow-up round of interviews. We follow-up with the interviewees who originally aired on episodes #48 and #109. With Jeff from episode #109, we discuss his retirement and what stocks he's currently buying and trading. With Debt Free Dr, we discuss how and why his portfolio has changed. They also share general financial and investing advice.

Today's show features Tiffany, with a current net worth of 1.7 million. We discuss all things personal finance including her investment allocation which includes both money in the equity markets and five single family rentals. She talks about finding and managing those rentals, the 3K in net monthly cash flow, and how she got started in real estate. Tiffany shares her insight on goal setting and how that has been one driver of her success. She has a terrific story, mindset, and attitude!

Michael is a 30-year-old cyber security expert with a net worth of 700K. He has been very successful and even paid off 150K in student loans. He shares his investment allocation which is nearly 50% in his Roth account and 85% in equities. Michael also discusses how he was able to grow his income so quickly and accelerate his career. He gives away 15-20% of his money, pays a regular tithe, and will soon be a millionaire!

We talk with today's guest, Jason, about single family home investing, property management vs. self managing, cyclical and linear housing markets, and how to value a small business. Jason talks about how he became involved with real estate at the age of 20 and shares details on his first deal. He guides us through what to look for when purchasing a single family home rental and the importance of standardization when analyzing deals.

Dave is today's guest with a net worth around one million dollars. He currently lives in Israel, previously worked as a lawyer, and is now on his path to financial independence. We discuss having a financial goal, what financial independence means, cost of living in Israel, and his life journey. Check out his current book titled, "The Cash Machine, A Tale of Passion, Persistence, and Financial Independence." https://www.amazon.com/Cash-Machine-Persistence-Financial-Independence-ebook/dp/B082P81146

Barbara, a radiologist and toddler mom, is today's guest on the show. She has a current net worth of just over one million dollars. Besides her portfolio allocation, we discuss her career as a physician, paying off her student debts, finding work/life balance, working in a male dominated field, plans for her financial future, and more.

J. Money from the popular blog, Budgets Are Sexy, is the guest on today's episode. He shares his net worth and portfolio allocation which primarily consists of investments in VTSAX, the Vanguard Total Stock Market Index. We discuss the FIRE movement, money and happiness/fulfillment, how much one spends in retirement, and the range of his household income. Check out his blog at https://www.budgetsaresexy.com/.

John immigrated from India to the U.S. with only $1,000. He shares his story of working his first job to building a net worth of over 2.3 million. He lives in a high cost of living area and shares his asset allocation which consists of 1MM in real estate, 300K in a 401(k), 200K in a Roth, 400K in taxable accounts and the remainder in other investments including lawsuit settlements. John also shares how he's been able to manage his career and raise his income from 40K to over 200K annually. Check out his blog at https://financialfreedomcountdown.com/

Today's guest interview features the money couple. We discuss all things finances in marriage and why/how 70% of couples whom divorce do so because of financial stress/issues. Scott and Bethany talk about the five money personalities, and share how learning about your money personality can help in marriage. They also share that it costs, on average, 275K to raise a kid from kindergarten through four years of college. https://themoneycouple.com/

Today's interview features Nords, who is retired from the Navy after a 30 year career. He has been retired for 18 years. We discuss numerous topics including when to convert a traditional IRA to a Roth, military pensions, travel hacking, and financial independence. Nords currently lives in Hawaii and shares ideas about philanthropic causes and how to teach your kids about money. Sponsor: www.startfromzero.com/millionaire

Today's interview features Brian, a pharmacist, with a current net worth of $1.1 million. He is invested mostly in the equity markets with a 401(k), roth, and traditional investment accounts. Brian shares his story of when personal finance and investing became a priority, his history with real estate, plans and financial goals for the future, and his experience dealing with two different financial advisers. Podcorn website: https://podcorn.com/podcasters/

Sam is a retired engineer and has a current net worth of around seven million. He also has seven single family rentals which net about 7K in cash flow monthly. He shares his thoughts on how and when to invest, personal development and self help books, real estate investing, retirement accounts, and more. We also ask about what he plans to do with his money in the future, the state of the equity markets, and whether or not he should sell some of his stock portfolio.

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.

"I literally had nothing. I couldn't hug my own children, I couldn't eat, I couldn't drink, (and) I had no job." These are impactful and inspiring words shared by our guest AJ Osborne. On this show he shares his life story including starting his career selling insurance, then turning to cash flowing real estate with primarily self storage. Months after having his fourth child, AJ was diagnosed with a rare disease which soon cause him to be completely disabled. 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.

Mark shares his amazing story about being in debt to reaching a net worth of $3 million dollars. He currently has seven paid for condo rental units, a paid for house, and 800K in IRA's. He discusses how he overcame debt, and the intentional decisions his family made to save and invest. Mark recently retired and divulges what he's learned in retirement. He also shares that his household spending has increased from about 60K to 150K annually (mostly due to traveling).

Today's interview features Chris Mamula, co-author of the new book, "Choose FI: Your Blueprint to Financial Independence." We discuss his background and how he was able to retire at the age of 41. Chris shares input on health insurance when retired, what surprised him upon retirement, how he personally invests, and how to transfer net worth to cash flow/income. He divulges the story behind the book and also what stood out to him from his research and writing. Check out the book at https://amzn.to/2IOPgBI.

Larry has a current net worth of 1.9M. He currently works as a handyman but started and worked with several small businesses including, but not limited to, vending machines, trucking, sewer management, and truck repairs. He discusses several different ventures including why they started and ultimately ended. Larry talks about how to start and scale a small business, as well as knowing when to sell. He is 55 years ago, debt adverse, and just paid off his home last year.

In this episode we discuss how and why the show was started, highlights and lowlights along the way, favorite interviews, and some of the things that we've learned from interviewing nearly 100 everyday millionaires. We also discuss upcoming plans for the show including a new website.

David Osborn is an author, real estate investor, world traveler, mentor and father. He's the author of three books, Wealth Can't Wait, Miracle Morning Millionaires, and Tribe of Millionaires. We discuss intentionality, goal-setting, passive income, risk-taking, mindset, one's tribe or influencers, education and learning, and more. He shares how he was able to grow his net worth from -$1,500 at age 26 to around nine figures today. Check out his new book at https://www.tribeofmillionaires.com/checkout-page.

Diane shares her inspiring story of saving and investing her way to financial success. She worked first as an engineer, and then taught engineering; she never made over $82,000. Furthermore, she has four children, three homes, and 4.9MM in her IRA. She discusses her asset allocation and investing mistakes and advice. She shares that she consistently put 10% into retirement and lived frugally.

Today's episode features Chris with a net worth of $1.8MM. Of the $1.8MM, 70% is invested in real estate. Together with his business partner, they own 52 single family rentals. He discusses all things real estate including his first deal, self managing all the homes, financing, due diligence, sending mailers, etc.. He collects about $67K monthly in rental income and nets about $11K monthly. Beyond real estate, he has 14% of his net worth in cash, and 16% in retirement accounts.

Courtney and her wife have a current net worth of $1.1MM. About $600K of that is invested in the market, 60% of which is in stocks, and 15% in bonds. They also hold a significant portion of their net worth, about 25% in cash and have $210K in home equity. We discuss her mindset on FIRE, her FIRE number, safe withdrawal rates, and how she and her wife overcame student loan debt of $110K. Their household spending is about $25K annually including about $450 per month on food.

Today's interview features Marco, host of the popular real estate investing podcast, "Passive Real Estate Investing." We discuss his investing history, his 10 rules for successful real estate investing (http://www.noradarealestate.com/blog/10-rules-of-successful-real-estate-investing/), goal setting, investing in markets outside of your own, and the mindset behind success. Check out his podcast at https://www.passiverealestateinvesting.com.

Don and his wife are both teachers. They have combined teaching income of about $125K. On top of teaching, they earn about $20K in additional income from side hustles. He discusses how he earns income on the side and the positive attitude needed to increase your earnings. They have about $350K in retirement accounts, $10K in cash, $7K in gold, and $7K in a 529 plan. Don also discusses his pension and provides advice to others who are pension eligible. Furthermore, he and his wife spend about $75K annually.

This week's episode highlights Ericka with a current net worth of 1.4M. She is married and has seven rental units, most of which are single family houses (from which she currently makes about 10K a month in passive income). She and her husband have 60% of their net worth in real estate, 25% in equities, 12% in cash, and 3% in other including crypto. Ericka has a motivating story about growing her annual salary from 35K to over six figures, and unveils her journey to millionaire.

Today's interview features the Loonie Doctor, a Canadian physician who blogs at https://www.looniedoctor.ca/. He discusses his investment allocation (and why he's chosen that allocation), why doctors are notoriously bad with money, how investment vehicles in Canada differ from those in the US, his experience with financial advisors, and why it's important to keep learning and trying new things.

Kris joins us to discuss his story and the benefits of investing in self storage. He personally started investing in real estate by buying duplexes with the goal of owning 50 total units that cash flowed to fit his lifestyle. He then decided to invest in a ground-up multi-family development before turning his attention to self storage. Kris discusses the ins and outs of self storage and shares why it's a great investment. Read more about him and his company at https://www.reliantinvestments.com/.

Todd, a 33-year-old sales manager (wife works in project management), shares his story and investment allocation. He and his wife have a current net worth of $650K with $525K invested in equities. Of the $525K, roughly 70% is invested domestically, while 30% is invested internationally. Todd also discusses changing one's investment allocation over time, living in a high cost of living area, and what FIRE means for him. He also shares that they spend about $100K annually.

Today's interview features the story of a successful entrepreneur and investor. Mr. Hobo Millionaire shares his thoughts on paying his home off early (in only three years), Airbnb rental strategies, and the ups and downs of his entrepreneurial journey. He also shares his favorite books, the mistakes he's made, and his plans for retirement. Check out his blog at https://mrhobomillionaire.com/.

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/