Summary

Dennis, a cybersecurity professional, shares his financial journey and strategies. He has a net worth of around $2.3 million, with a breakdown of 900k+, in retirement, 300k+ in cash equivalents, 400k in his house, and the remainder in a brokerage and some collectibles. Dennis primarily invests in Roth accounts and believes in the simplicity and peace of mind it provides. He started investing in his late 20s and became debt-free in 2017 after paying off $85,000 in consumer debt. Dennis also has a passion for collecting watches, which he views as a store of value and a way to celebrate financial milestones. His goal is to retire early at the age of 50 with a net worth of around $3 million. Dennis Shea shares his journey in cybersecurity and personal finance. He emphasizes the importance of continuous learning and becoming a student of the subject. Dennis also discusses how he became interested in personal finance through Dave Ramsey's teachings and how he and his wife paid off $80,000 in debt in just nine months. He shares his experiences with expensive purchases, such as sneakers and meals, and highlights the value of investing early and consistently.

Takeaways

*Investing in Roth accounts can provide simplicity and peace of mind.
*Becoming debt-free and investing in retirement accounts can lead to significant wealth accumulation.
*Having a passion for collecting valuable items, such as watches, can be a way to celebrate financial milestones.
*Renting experiences, like vacation homes, can provide flexibility and avoid the hassle of owning multiple properties. Continuous learning is crucial in the field of cybersecurity and personal finance.
*Following Dave Ramsey's teachings can help individuals gain control of their finances and pay off debt.
*Investing early and consistently can lead to long-term wealth accumulation.
*Expensive purchases can be justified if they bring joy and create lasting memories.
*Working hard and being consistent are key factors in achieving financial success.

Sponored by:

Shopify

www.shopify.com/unveiled

Connect Team

www.connecteam.com

Summary

Ryan, an officer in the National Guard, shares his journey to becoming a millionaire and his plans for retirement. He discusses his net worth, which is currently $1.1 million, and how he achieved it through investments and a pension from the military. His pension could be worth $3-$5 million. Ryan is in his late 30's. He emphasizes the importance of starting to invest early and taking advantage of compounding interest. He also talks about his passion for travel and his plans to pursue entrepreneurial ventures in retirement.

Takeaways

*Start investing early and take advantage of compounding interest
*Consider the benefits of a pension and other retirement accounts
*Travel can be a worthwhile expense and a rewarding experience
*Entrepreneurship can provide fulfillment and additional income in retirement

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