Mike has a net worth of $16.9 million. He is in his early 70's. Most is in the market at this point, but that is only as of recent. He has a couple pieces of real estate for personal use. Mike has been a business owner and entrepreneur most of his life.    Sponsored by:  www.Masterclass.com/Unveiled

333: Net Worth of $16.9M - I Never Thought I'd Be Where I Am Today

Millionaires Unveiled interviews and tells the stories of everyday millionaires. We provide detailed insight into their investing strategies and current portfolio allocation. 

How did they get started? What decisions did they make along the way? How has their portfolio allocation changed, and what are they doing now to not only keep, but also grow, their highly sought after "millionaire" status?

From these extensive and thought provoking interviews, you'll be able to assess your current portfolio allocation, learn investing strategies, and join the fast track to financial success.

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Summary Eric is a real estate investor with a net worth of $6.5 million. He is in his mid 40's and shares his journey from being an empty nester to building a successful real estate portfolio. He started investing in real estate after reading Rich Dad Poor Dad and gradually grew his portfolio over the past 18 years. Eric primarily invests in single-family properties, with a total of 55 houses and a 10-unit apartment building. He leveraged low interest rates to grow his portfolio and currently has a 50% loan-to-value ratio. Eric is now transitioning to more passive investments, such as real estate syndications, to enjoy a more hands-off approach and focus on lifestyle.  

355: Net Worth Of $6.5M - Finding Balance Between Investing & Spending; When Another Million Doesn't Change Happiness Levels

Anmol is an immigrant and has a net worth of $5 million. Most of it is in the market (About 70%) and most of the remainder in real estate. He is in his early/mid 30's. He became a millionaire in his 20's and it only took him a little over a year to get his 2nd million. He is a trader by profession. 

354: Net Worth Of $5M - Immigrant Day Trading to the American Dream

Summary Scott has a net worth of $10 million. He first appeard on the show back on episode 76 almost exactly 5 years ago when his net worth was around $7 million. He has all of his net worth in his business, real estate and crypto. He is a business owner, an attorney, an entrepreneur, and a real estate investor. He shares his journey to finding true wealth and happiness. He discusses how acquiring more things and wealth led to anxiety and a lack of enjoyment in the present moment. Through experiences like ayahuasca retreats and studying CREA yoga, Scott learned to prioritize peace and doing what he truly wants. He emphasizes the importance of controlling the mind and emotions to experience deeper levels of peace and love. Scott also talks about his asset allocation strategy, including investments in real estate, algorithmic trading, and cryptocurrency. In this conversation, Scott shares his insights on wealth building and asset protection. He emphasizes the importance of clarity in defining one's goals and treating wealth building as a business. He also discusses the need for asset protection strategies, such as using LLCs and living trusts, and optimizing portfolio returns through tax strategies. As wealth scales from seven to eight figures, he recommends using private foundations and investing in CFO-level services. Scott also shares personal experiences, including expensive meals and transformative moments in the jungle. He advises listeners to surround themselves with successful people and ask thoughtful questions.   

353: Net Worth of $10M - I Live Better Than A Billionaire

Summary Chris has a net worth of $15 million. Most of is in real estate with a little bit in cash. He is 57 years old and has 33 years of experience in real estate and has been involved in various aspects of the industry, including building, brokerage, condominium conversions, and new construction. After the 2008 crash, he shifted his focus to creative financing and developed the three-payday system, which allows him to get paid multiple times on each deal. He primarily uses owner financing, subject-to deals, and lease purchases to acquire properties. Chris emphasizes the importance of mentorship and ongoing training in his business, and he believes that leaders and training are key to growing a successful company. Chris shares his experience running a family business and offers advice for those considering it. He emphasizes the importance of having a mission and values that everyone in the company agrees on, which helps reduce conflicts and decision-making challenges. Chris also discusses his future goals, which include creating experiences and enjoying time with his family. He shares the most fun he's had with money, which is achieving his 30-year goal of building a home in the mountains. Chris also talks about the financial habits he's changed over the years, such as focusing on improving cash position and allocating money to real estate and the company. He highlights the significance of surrounding oneself with the right people and the impact it can have on personal and professional growth.  

352: Net Worth of $15M - Digging out of a hole for 4 straight years to 3x Inc. 500 CEO

Summary Dividend Daddy has a net worth of $2+ million. He shares his journey to financial independence and his investment strategies. He discusses his real estate holdings, including his mortgage-free primary home and investment properties with mortgages. Dividend Daddy explains the reasons behind paying off his primary home early, including the limited mortgage options in Canada. He also talks about his transition from index investing to a hybrid approach, focusing on dividend-paying stocks in Canada. Dividend Daddy plans to live off his dividend income and contract work, allowing him the flexibility to travel and live life on his own terms. The principal theme of the conversation is Dividend Daddy's plans for his next phase of life, which involve traveling and working remotely. He wants to explore different parts of the world, particularly Europe, South America, and Asia, and spend more time in warm climates. Dividend Daddy is not interested in owning a car and prefers to use public transportation, walk, or cycle. He learned the importance of saving money from his grandfather, who emphasized paying with cash and avoiding debt. Dividend Daddy became a millionaire around the age of 35, but he didn't track his net worth closely. He has recently shifted from index investing to a hybrid approach that includes dividend investing. His advice to younger investors is to start early and keep expenses low. Takeaways *Dividend Daddy has a net worth in the multi-millions, with investments in the stock market and real estate. *He paid off his primary home early due to the limited mortgage options in Canada and the peace of mind it provided. *Dividend Daddy focuses on dividend-paying stocks in Canada, particularly in stable industries like banking and telecommunications. *He plans to live off his dividend income and contract work, allowing him the freedom to travel and live a location-independent lifestyle. Dividend Daddy plans to travel and work remotely in different parts of the world for his next phase of life. *He prefers to use public transportation, walk, or cycle instead of owning a car. *Dividend Daddy became a millionaire around the age of 35, but he didn't track his net worth closely. *He has recently shifted from index investing to a hybrid approach that includes dividend investing. *His advice to younger investors is to start early and keep expenses low. @DividendDaddy1

333: Net Worth of $16.9M - I Never Thought I'd Be Where I Am Today

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