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1 Understanding Taxes as a Newly Formed Small Business - Part 2 of the Small Business Starter Kit 28:24
394: Net Worth Of $1.4M - The Millionaire Carpenter: Never Made Over $70K, Broke His Back, Lost $80k In A Bad Partnership
Manage episode 463429314 series 1922999
Summary
In this episode, Ben shares his inspiring journey from living without running water to achieving a net worth of $1.4 million through real estate investments. He discusses his early experiences in construction, the challenges he faced in his first property purchase, and the lessons learned from partnerships and investments. Ben emphasizes the importance of taking action, learning from mistakes, and maintaining a balance between work and personal life as he continues to grow his real estate portfolio.
Takeaways
*Ben's journey began at 21 when he bought a house for $13,000.
*He achieved millionaire status by age 33 through hard work and real estate investments.
*His net worth is primarily in real estate, with a goal of reaching 100 units.
*He emphasizes the importance of communication in partnerships to avoid misunderstandings.
*Ben learned to be creative in financing his real estate ventures.
*He has faced setbacks, including a partnership that cost him $80,000.
*His approach to investing includes maintaining liquidity through stocks.
*He advocates for taking action and learning through experience in real estate.
*Ben's construction background has been a significant asset in his investments.
*He aims to enjoy life while growing his wealth, balancing work and personal time.
Sponsored by:
ZocDoc
www.zocdoc.com/millionaire
Magic Mind
www.magicmind.com/unveiledjan
402 episodes
Manage episode 463429314 series 1922999
Summary
In this episode, Ben shares his inspiring journey from living without running water to achieving a net worth of $1.4 million through real estate investments. He discusses his early experiences in construction, the challenges he faced in his first property purchase, and the lessons learned from partnerships and investments. Ben emphasizes the importance of taking action, learning from mistakes, and maintaining a balance between work and personal life as he continues to grow his real estate portfolio.
Takeaways
*Ben's journey began at 21 when he bought a house for $13,000.
*He achieved millionaire status by age 33 through hard work and real estate investments.
*His net worth is primarily in real estate, with a goal of reaching 100 units.
*He emphasizes the importance of communication in partnerships to avoid misunderstandings.
*Ben learned to be creative in financing his real estate ventures.
*He has faced setbacks, including a partnership that cost him $80,000.
*His approach to investing includes maintaining liquidity through stocks.
*He advocates for taking action and learning through experience in real estate.
*Ben's construction background has been a significant asset in his investments.
*He aims to enjoy life while growing his wealth, balancing work and personal time.
Sponsored by:
ZocDoc
www.zocdoc.com/millionaire
Magic Mind
www.magicmind.com/unveiledjan
402 episodes
All episodes
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1 402: Net Worth Of $3.0M+ - Health, Wealth & Legacy 46:24

1 401: Net Worth Of $2.7M - Tech, Tenants and Toyota vs Honda - Which One Wins? 38:17

1 400: Net Worth Of ~$1.0 Billion - From 70k On Credit Cards To A Ten Figure Net Worth: A Billionaires Journey From Humble Beginnings 1:03:10

1 399: Net Worth Of $5.0M+ - Behind the Mic: A Personal Update + Retirement Discussion w/ Jace's Parents 1:20:04

1 398: Net Worth Of $2.2M - Cashing in on Tulum, Mexico: Former Baseball Umpire to Engineer to RE Investor 45:03

1 397: Net Worth Of $1.2M - Debt, Bowling & Concerts: How These Social Workers Became Millionaires 41:37

1 396: Net Worth Of $1.9M - Wheelin' & Dealin' to Millions at 23 41:46

1 395: Net Worth Of $1.5M - Nursing Home Admin, 2.7 GPA, Real Estate 38:29

1 394: Net Worth Of $1.4M - The Millionaire Carpenter: Never Made Over $70K, Broke His Back, Lost $80k In A Bad Partnership 34:04

1 393: Net Worth Of $4.6M - Broke to Bougie: Divorce, Restart, and The High Life With Christian Louboutins 47:43

1 392: Net Worth Of $3.0M - Working At Red Lobster to 500 Units And A Few Million 38:24

1 391: Net Worth Of $862M - 2024 Millionaire Insights: A Year In Review 54:58

1 390: Net Worth Of $10M - Finding Purpose & Meaning 26:15

1 389: Net Worth Of $1.0M - MMA, Car Repo & Business Ownership 49:13

1 388: Net Worth Of $2.3M - Wearing My Rolex & Driving My Kia 47:09
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