Summary

In this episode, Hubert shares his journey from military service to becoming a successful tax attorney and law firm owner. He has a net worth of ~$1.0 million with his pension. 500k is in his house and his law firm and the rest is in his pension & disability. He discusses the challenges of student debt, the complexities of divorce and its financial implications, and the importance of teaching financial literacy to the next generation. Hubert emphasizes the value of mentorship and work-life balance, as well as his aspirations for the future, including retirement and generational wealth for his children.

Takeaways

*He served in the Navy and later became a tax law professor.
*Divorce can have significant financial implications, especially regarding tax liabilities.
*Starting his own law firm in 2018 was a pivotal moment in his career.
*He emphasizes the importance of financial literacy for children.
*Hubert's military benefits provide him with financial security.
*He believes in maintaining a work-life balance for himself and his employees.
*Mentorship is crucial for success in any career.
*Teaching kids the value of money is essential for their future success.
*Hubert aims to retire comfortably while being involved in his family's life.

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Summary

In this episode, Lance shares his journey towards financial independence, detailing his diverse income sources and investment strategies. He has a net worth of $2.1 million mostly in real estate and the market. He discusses his experiences with real estate, the challenges of living in a high-cost area like Hawaii, and the importance of discipline and planning in achieving financial goals. Lance reflects on his lifestyle choices, the impact of location on his financial decisions, and his future aspirations as he navigates life in his early 50s.

Lance shares insights into his financial journey, work-life balance, and the importance of lifelong learning. He discusses his enjoyment of work, the significance of hobbies, and the lessons learned from childhood about hard work and dedication. Lance reflects on his experiences in the trucking industry, his competitive spirit in jiu-jitsu, and the financial decisions that have shaped his life. He emphasizes the need for balance between saving for the future and enjoying life today, while also highlighting the value of continuous learning in all aspects of life.

Takeaways

*Lance has a net worth of approximately $2.1 million.
*His investments are primarily in traditional and conservative assets.
*He acquired rental properties through strategic planning and hard work.
*Lance believes in leveraging debt for investment purposes.
*He emphasizes the importance of discipline in financial planning.
*Living in Hawaii presents unique financial challenges but also opportunities.
*Lance's lifestyle allows him to enjoy the beauty of Hawaii without the need for frequent vacations.
*He started investing in his mid-30s after being inspired by financial literature.
*Lance's journey into real estate began with properties in disrepair that he renovated.
*He continues to set new financial goals as he progresses in his journey. I'm still in the accumulation stage of my financial journey.
*I wake up every morning, I go to the gym.
*I don't know what retirement would look like.
*I've been in logistics and trucking my whole life.
*I try to compete about six times a year.
*The trip to Colombia was $25,000.
*I probably spent 10 to $20,000 on comic books.
*If you have work ethic, there's no telling what you can accomplish.
*Life is happening today, find balance.
*Never think that you've learned everything you need to learn.

Summary

In this episode, Daniel shares his journey from a hedge fund career to becoming a successful entrepreneur and inventor. He has a net worth of $10+ million with most tied up in his companies he founded or co-founded. He discusses his early experiences with money, the importance of mentorship, and the challenges he faced while starting his first businesses. He discusses leaving Wall Street to clean houses of the Silicon Valley Elite and how that lead him to becoming a CEO today. Daniel also delves into the creation of SkunkLock, a revolutionary bike lock designed to combat theft, and emphasizes the significance of financial independence and smart investment strategies in today's economy.

Takeaways

*Daniel started his career as an entrepreneur and inventor.
*He emphasizes the importance of calculated risks for financial independence.
*Daniel's first investment was in an index tracking ETF.
*He transitioned from finance to entrepreneurship at a young age.
*Mentorship played a crucial role in his entrepreneurial journey.
*SkunkLock was created out of frustration with bike theft.
*Daniel aims to help others achieve financial independence.
*Understanding investment strategies is essential in today's economy.
*He believes in the importance of reducing losses in investments.
*Daniel encourages seeking mentorship to accelerate personal growth.

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Code: Millionaire

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