41 min listen
343: Net Worth of $1.0M+ - A Corporate America Drop Out to Philanthropist
343: Net Worth of $1.0M+ - A Corporate America Drop Out to Philanthropist
ratings:
Length:
43 minutes
Released:
Feb 5, 2024
Format:
Podcast episode
Description
Summary Jerome Myers, a corporate America dropout, has a net worth of $1.0+ million. He has an old 401k and some other market investments but is primarily in real estate now. He shares his journey of leaving his job and starting a successful real estate business. He discusses the challenges and lessons he learned along the way, including the importance of having a stable income and the risks of being too aggressive in real estate. Jerome also shares his goals of reaching a net worth of $10 million and giving back through education and supporting teen moms. He emphasizes the value of creating experiences and spending money on what truly matters, rather than trying to impress others. Overall, Jerome's story is one of perseverance, growth, and the pursuit of work optional lifestyle. Takeaways -Leaving corporate America and starting a real estate business can be a challenging transition, but with proper planning and a stable income, it can lead to success. -Being too aggressive in real estate can be risky, and it's important to have a long-term perspective and the ability to ride out market downturns. -Setting financial goals, such as reaching a net worth of $10 million, can provide motivation and a sense of purpose in building wealth. -Giving back and supporting causes that are important to you can bring fulfillment and make a positive impact on the world. -Spending money on experiences and creating memories with loved ones is often more valuable than material possessions or trying to impress others. Sponsored by: Shopify www.shopify.com/unveiled for your exclusive deal
Released:
Feb 5, 2024
Format:
Podcast episode
More Episodes from Millionaires Unveiled
355: Net Worth Of $6.5M - Finding Balance Between Investing & Spending; When Another Million Doesn't Change Happiness Levels: 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... by Millionaires Unveiled