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...
Jan 20, 2020•44 min
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/milli...
Jan 13, 2020•47 min
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.
Jan 06, 2020•50 min
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/...
Dec 30, 2019•54 min
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.
Dec 23, 2019•23 min
"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 ...
Dec 16, 2019•49 min
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/ ....
Dec 09, 2019•35 min
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.
Dec 02, 2019•41 min
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.
Nov 25, 2019•51 min
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/ ....
Nov 18, 2019•38 min
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 financia...
Nov 11, 2019•43 min
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.
Nov 04, 2019•42 min
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 si...
Oct 28, 2019•42 min
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).
Oct 21, 2019•47 min
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.t...
Oct 14, 2019•37 min
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.
Oct 07, 2019•41 min
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.
Sep 30, 2019•26 min
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/chec...
Sep 23, 2019•54 min
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.
Sep 16, 2019•36 min
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.
Sep 09, 2019•45 min
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.
Sep 02, 2019•40 min
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....
Aug 26, 2019•38 min
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 $75...
Aug 19, 2019•46 min
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.
Aug 12, 2019•41 min
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.
Aug 05, 2019•41 min
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/...
Jul 29, 2019•51 min
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.
Jul 22, 2019•41 min
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/ .
Jul 15, 2019•45 min
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.
Jul 08, 2019•44 min•Ep. 89
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/ .
Jul 01, 2019•38 min•Ep. 88
