Summary

In this episode, Corey shares his journey from Texas to California, discussing his financial strategies, real estate investments, and the lessons learned along the way. He has a net worth of $1.1 million mostly in real estate. Corey is in his early 30's. He emphasizes the importance of patience and long-term thinking in achieving financial independence, while also navigating the challenges of living in a high-cost area. Corey reflects on his career progression, the trade-offs of living beneath his means, and his aspirations for the future, including his consulting work and the pursuit of financial flexibility through real estate.

Takeaways

*Corey moved from Texas to California, emphasizing the value of flexibility.
*His net worth is approximately $1.1 million, diversified across cash, real estate, and investments.
*Corey invests primarily in ETFs, avoiding high-risk assets like Bitcoin.
*He started investing right out of college and has shifted his focus to real estate.
*His first real estate investment was a rental property in Arkansas in 2021.
*Corey values living beneath his means to sustain his lifestyle in California.
*He believes in the importance of patience and long-term planning in finance.
*Corey runs a consulting business focused on personal finance education.
*He aims for $80,000 a year in passive income for financial freedom.
*Corey stresses that financial success is achievable through strategic decisions and hard work.

Summary

In this conversation, the host engages with children about their perceptions of money and their fathers' work, followed by a discussion on the parental influence on financial education. The conversation transitions into the complexities of generational wealth and the importance of instilling financial lessons in children. Finally, reflections on fatherhood reveal how becoming a parent reshapes financial priorities and goals.

Takeaways

*Children have unique and innocent perspectives on money.
*Parental influence is crucial in shaping financial education.
*Generational wealth can create challenges if not managed well.
*It's important to teach children the value of hard work.
*Financial lessons should start early in life.
*Experiences and memories are more valuable than material gifts.
*Open conversations about money can empower children.
*Investing early can lead to greater financial freedom later.
*Traditions and experiences create lasting family bonds.
*Financial education should be a priority in schools.

Summary

In this episode, Tony (and Melissa) shares his unique journey from being a house husband to becoming a successful motel owner and real estate investor. He has a net worth of $7.0 million mostly in real estate. He discusses the challenges and rewards of managing motels, the importance of family in his business ventures, and how he has built a substantial net worth through strategic investments. Tony also reflects on his lifestyle changes post-retirement, including his travel experiences and financial habits, while offering valuable advice for aspiring entrepreneurs.

Takeaways

*Tony transitioned from a house husband to a motel owner.
*He invested profits from motels into real estate.
*His daughter is his business partner in the motel venture.
*Tony's net worth is approximately $7 million.
*He emphasizes the importance of family in his business.
*Tony's journey involved significant risk and research.
*He enjoys a luxurious travel lifestyle post-retirement.
*Tony's financial habits have evolved since becoming a millionaire.
*He aims to create a legacy for his children and grandchildren.
*Tony advises others to find their passion and pursue it.

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