Summary

In this special Mother's Day episode of the Millionaires Unveiled podcast, Jace and his family celebrate the role of mothers in their lives, sharing personal stories and lessons learned about money, values, and family dynamics. The conversation highlights the importance of financial literacy, hard work, and the impact of a mother's love and guidance on shaping their perspectives on life and finances. Through engaging discussions, the family reflects on their experiences and the legacy they hope to instill in future generations.

Takeaways

*Mothers play a crucial role in shaping family values.
*Financial literacy is essential for children.
*It's important to have open conversations about money.
*Hard work and education are key lessons to instill in children.
*A rich life is defined by more than just money.
*Consistency and kindness are vital traits to emulate.
*Budgeting and financial planning are necessary for success.
*Legacy involves passing down values and lessons to future generations.
*Experiential spending can enhance life quality.
*Navigating financial discussions in marriage requires teamwork.

Sponsored by:

Prizepicks.com

Code: Millionaire

Summary

In this conversation, Sam from Financial Samurai shares insights on wealth building, investment strategies, and the importance of intentional spending. He has a net worth over $10 million. He discusses his journey from a finance career to becoming a successful author and investor, emphasizing the significance of real estate and public equities in his portfolio. Sam also reflects on the mindset shift towards spending and investing in education for his children, culminating in the release of his new book, 'Millionaire Milestones.' Sam shares his insights on building wealth, the importance of compounding, and the milestones necessary for achieving financial independence. He discusses the structure of his book, 'Millionaire Milestones', and emphasizes the significance of saving and investing strategically. Sam also reflects on his personal experiences, aspirations for family travel, and the lessons learned from childhood that shape his financial philosophy. He encourages listeners to be intentional with their finances and to seek knowledge from those who have succeeded before them.

Takeaways

*Sam's new book focuses on building wealth for freedom.
*His net worth grew from $3 million to over $8.5 million.
*Diversification in investments is key to financial stability.
*Maxing out 401k and Roth IRA is essential for retirement.
*Taxable brokerage accounts should be prioritized for flexibility.
*Real estate provides stability and utility compared to stocks.
*Intentional spending became a focus after age 45.
*Investing in education is a valuable long-term investment.
*The importance of adapting investment strategies over time.
*Sam's journey reflects the balance between saving and enjoying life. The experience of 30 years in finance is invaluable.
*It's important to read and learn from others' experiences.
*Investment milestones are crucial for financial growth.
*Compounding interest significantly increases wealth over time.
*Financial independence allows for freedom of expression and action.
*Intentional living and travel can enrich family experiences.
*Spending should be intentional and meaningful.
*Childhood lessons shape financial perspectives.
*The journey to wealth requires consistent effort and strategy.
*Engaging with mentors can accelerate financial learning.

Sponsored by:

Indeed

Indeed.com/unveiled

Shopify

Shopify.com/unveiled

Summary

In this episode, Ryan shares his journey from being a pharmacist to achieving financial independence through real estate investing. He has a net worth of $1.7 million mostly in Real Estate. He discusses his unique strategy of renting properties by the bedroom, which significantly increased his cash flow. Ryan reflects on the challenges he faced with his first property, the importance of leveraging loans, and his plans for future growth in the real estate market. He also emphasizes the value of mentorship and teaching others about real estate investing, providing insights and advice for aspiring investors.

Takeaways

• Ryan retired at 31 through real estate investing.
• He bought one property a year, focusing on student rentals.
• Renting by the bedroom significantly increased his cash flow.
• Ryan learned from his mistakes, losing $30,000 on his first property.
• He uses DSCR loans to finance properties without W-2 income.
• Ryan aims to reach 100 doors in his portfolio.
• He teaches others how to invest in student housing.
• Choosing the right college markets is crucial for success.
• Every year you wait to invest pushes back your timeline.
• Ryan underwrites deals based on cash flow, not appreciation.

Sponsored by:

Shopify

Shopify.com/unveiled

Prizepicks.com

Code: Millionaire

Summary

In this episode, Gustavo shares his inspiring journey from Brazil to Australia, detailing his experiences as a software developer and investor. He discusses his initial foray into Bitcoin, the importance of diversifying investments across different countries, and the challenges he faced while adapting to a new culture and language. Gustavo also reflects on his family's financial growth and the lessons learned along the way, emphasizing the significance of changing one's environment and seeking different perspectives.

Takeaways

• Gustavo moved to Australia to learn English and improve his life.
• He has a net worth of $1.3 million, largely due to Bitcoin investments.
• Investing in Bitcoin was not initially planned but became a significant part of his portfolio.
• Diversification across Brazil, Australia, and the US was crucial for financial stability.
• Gustavo faced challenges adapting to life in Australia, including language barriers.
• He emphasizes the importance of financial literacy and investment education.
• Gustavo's wife became more involved in investments after hiring a financial advisor.
• Growing up in Brazil, financial literacy was not a common topic.
• He believes changing one's environment can lead to significant personal growth.
• Gustavo encourages learning from others' mistakes to avoid making the same ones.

Sponsored by:

Zocdoc

Zocdoc.com/millionaire

Prizepicks

Prizepicks.com Code: Millionaire

Summary

In this episode, David, founder and CEO of One Wealth Advisors and executive chairman of a restaurant company, shares insights into his financial journey, including his net worth, investment strategies, and experiences in the restaurant industry. He has a net worth of over $10 million spread across business, Real Estate and market investments. He is in his late 50's. He discusses the importance of asset allocation, the role of real estate in wealth building, and the nuances of financial planning. David emphasizes the significance of serving others and the balance between concentration and diversification in wealth management. He also reflects on personal experiences and lessons learned throughout his career.

Takeaways

*David Steele is the founder and CEO of One Wealth Advisors.
*He has a substantial portion of his net worth tied up in private companies.
*Concentration creates wealth, while diversification preserves it.
*Real estate plays a significant role in his net worth.
*He advises clients to keep six months of expenses in cash.
*David emphasizes the importance of being a fiduciary in financial planning.
*He has successfully built a restaurant business alongside his financial practice.
*David believes experiences with loved ones are worth spending on.
*He started his financial planning practice in 1991.
*David's journey reflects the balance between passion and business acumen.

Sponored by:

Indeed.com/unveiled

Shopify.com/unveiled

Summary

In this episode, Marcus shares his journey as an educator and principal, detailing his financial growth, including his net worth and debt-free journey. He has a net worth of $1.3 million plus a sizable pension that could put his net worth closer to $3 million. A nice chunk is in real estate, the pension and then other investments. He discusses the importance of inheritance and family wealth transfer, his career path in education, and his future goals, including retirement planning and multi-generational wealth. Marcus emphasizes the significance of financial literacy and experiences over material possessions, providing insights into his life and financial philosophy.

Takeaways

• Marcus has been an educator for 24 years and is also an author.
• Marcus and his wife embarked on a debt-free journey four years ago.
• They paid off three houses in under four years and all their cars.
• Marcus plans to retire at 50 and mentor principals on a voluntary basis.
• He has a doctorate and teaches aspiring principals at the college level.
• The couple aims to build multi-generational wealth for their children and grandchildren.
• Marcus emphasizes the importance of financial literacy for youth.
• He believes experiences are the best way to spend money.
• Marcus's financial overhaul was influenced by reading Dave Ramsey's principles.

Sponsored by:

shopify.com/unveiled