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

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