386: Net Worth Of $2.1M - I Check My Net Worth Everyday & Still Drive My Car From College episode artwork

EPISODE · Dec 2, 2024 · 53 MIN

386: Net Worth Of $2.1M - I Check My Net Worth Everyday & Still Drive My Car From College

from Millionaires Unveiled · host Jace Mattinson, CPA - Personal Finance/Listen Money Matters

Summary Andrew is currently working for a company called Practice CFO, a fractional CFO financial planning company for dentists and healthcare professionals. He is 37 years old and he has a net worth of $2.125 million, broken up into real estate and paper assets. His paper assets include a mix of index funds, ETFs, bonds, and REITs. Andrew is a long-term investor and is not concerned about short-term market fluctuations. He maxes out his retirement accounts and also invests in real estate syndicates, including single-family rentals, student housing, vacation rentals, and build-to-rent properties. He prioritizes filling up his tax-advantaged retirement accounts and then invests the rest in real estate or the brokerage account. Andrew keeps some cash available for opportunistic real estate investments. Andrew's main goal is to have a net worth of $5 million by age 45. He values financial freedom and the ability to buy time. He pursued a career in finance and strategy, working for companies like Dell and Vrbo. However, he felt unfulfilled and wanted more intellectual stimulation. He started doing fractional work for a friend's business and found it fulfilling. This led him to make the leap from corporate America to a small business environment. Andrew believes in working hard, serving others, and finding fulfillment in work. He emphasizes the importance of experiences and travel. He has maintained his financial habits and focuses on offense rather than defense with money. Takeaways *Andrew works for a fractional CFO financial planning company for dentists and healthcare professionals. *His net worth is $2.125 million, with a mix of real estate and paper assets. *He is a long-term investor and is not concerned about short-term market fluctuations. *Andrew maxes out his retirement accounts and invests the rest in real estate syndicates or the brokerage account. *He keeps some cash available for opportunistic real estate investments. Set clear financial goals and regularly assess your progress *Find fulfillment in your work by serving others and constantly learning *Invest in experiences and travel for long-lasting memories *Maintain good financial habits and focus on offense rather than defense *Be open to different investment opportunities and diversify your portfolio Sponsored by: Icognic www.incogni.com/unveiled  Shopify www.shopify.com/unveiled

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386: Net Worth Of $2.1M - I Check My Net Worth Everyday & Still Drive My Car From College

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This episode was published on December 2, 2024.

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Summary Andrew is currently working for a company called Practice CFO, a fractional CFO financial planning company for dentists and healthcare professionals. He is 37 years old and he has a net worth of $2.125 million, broken up into real estate and...

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