From Broke in Their 30s to Millionaires in Their 50s | Making a Millionaire
4/27/202658 min
Jason (54) and Candida (54) have seen a major transformation in their financial journey. In their 30s, their net worth was over negative $250,000. Now, their net worth is over $4,000,00. The major cause of their success (a 12-property portfolio) has now become the cause of their stress. We discuss a plan to simplify their wealth-building behaviors and give them their great, big, beautiful tomorrow even sooner than they thought.
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Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Mak
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First 90 secondsSpeaker 00:00
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Jason· Guest0:25
31 years old, we started dating, and I think you had over 100,000 in student loans.
Candy· Guest0:32
Oh, yeah, in student loan debt.
Jason· Guest0:33
I had over 100,000 in student loans.
Candy· Guest0:35
And- I had a car loan, credit cards.
Jason· Guest0:38
We probably had about $250,000 of negative net worth.
Bo Hanson· Host0:42
[laughs] [laughs] From negative 250 in your early 30s to now- Mm-hmm ... $4.2 million at 54.
Jason· Guest0:47
Yeah.
Bo Hanson· Host0:48
That's insane. I think there's a lot of people out there that are gonna hear that, they're not buying their first home until their 30s. They're not- Yeah ... taking finances serious. They're not even getting out of the starting gates, and here you guys are, [laughs] a success story of folks who were actually able to do it. [gentle music] Who are you guys? What do you have going on? Why are we sitting down here chatting today?
Candy· Guest1:08
I think we wanna retire within, you know, before we're 90.
Bo Hanson· Host1:12
[laughs] Okay.
Candy· Guest1:12
[laughs] Maybe within the next five, six, 10 years, something like that.
Bo Hanson· Host1:15
Mm-hmm.
Candy· Guest1:16
And so just how can we get there? W- w- what position are we in to, to get there as quickly as possible within five years?
Bo Hanson· Host1:23
Okay.
Candy· Guest1:24
I mean, we've been toying with real estate probably since we first got married- Mm-hmm ... you know, 21 years ago.