• 389: Net Worth Of $1.0M - MMA, Car Repo & Business Ownership

  • Dec 23 2024
  • Length: 49 mins
  • Podcast

389: Net Worth Of $1.0M - MMA, Car Repo & Business Ownership

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  • Summary

  • Summary

    Billy and Melissa have a net worth of $1.0 million. This is in various investments including the market and real estate. They are in their late 30s and are business owners. They recently relocated from a high cost of living area to a low cost of living area to participate in geoarbitrage. They started in a big hole that included over 100k in debt and had a car repossessed at one point. They emphasized the importance of staying the course, overcoming adversity and continuous improvment.

    Takeaways

    *Start investing early and pick a strategy that works for you
    *Consider risks in life and how they may affect you in the short term and long term
    *You can make mistakes and still overcome them especially when you're young
    *Entrepreneurship can provide fulfillment and generate a lot of income but it isn't easy

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