423: Net Worth Of $1.9M - Three Rentals and a Millionaire: Nate’s Property Plot Twist and The Not-So-Physio-Logical Path

Summary

In this episode, Nate shares his journey from a young physiotherapist to achieving a net worth of nearly $2 million. He discusses his early financial education, the influence of his family, and the lessons learned from his real estate investments. Nate reflects on the importance of celebrating milestones, the shift from a financially driven mindset to focusing on lifestyle and fulfillment, and the challenges faced in the real estate market. He also shares insights on his current portfolio, future plans, and the balance between saving and enjoying life.

Takeaways

*Nate has a net worth of approximately $1.9 million.
*He learned financial habits from his family, emphasizing savings and delayed gratification.
*Nate's journey into real estate began with a condo purchase that appreciated significantly.
*He experienced challenges in real estate due to rising interest rates and market fluctuations.
*Nate emphasizes the importance of celebrating financial milestones, even small ones.
*He has shifted focus from purely financial goals to lifestyle and fulfillment.
*Nate's real estate ventures taught him valuable lessons about due diligence and risk management.
*He currently has three rental properties left and is considering divesting further.
*Nate enjoys travel and seeks to maximize value through points and rewards.
*He advises young individuals to build saving habits early to weather financial challenges.

Sound bites

"I think we are millionaires."
"It's been a very circular process."
"I was a literal lab rat."

Keywords

Cory, financial independence, real estate, net worth, lifestyle goals, investment strategies, personal finance, Vancouver, retirement planning, financial education