426: Net Worth Of $1.3M - Back Again, Tell a Friend: Jesse & Ellie's Wealth Journey Continues

🔥 Episode Summary

In this episode, Jesse and Ellie return to share their financial journey from a net worth of $800,000 to over $1.3 million in just two years. They discuss their investment strategies, the impact of parenthood on their financial decisions, and the transition to a single income household. The couple reflects on lifestyle changes after reaching millionaire status, their approach to teaching financial literacy to their children, and their future retirement plans. They also emphasize the importance of community giving and share valuable advice for aspiring millionaires.

🧠 Key Takeaways

• • Their net worth increased from $800,000 to $1.3 million in two years.
  • They prioritize maxing out their Roth IRAs and TSP contributions.
  • They have hit their coast fire number, allowing them to invest less if desired.
  • Community giving has become a focus for them since reaching millionaire status.
  • They celebrate financial milestones with small treats and personal spending.
  • Transitioning to a single income was manageable due to their high savings rate.
  • Travel spending has increased, but they still prioritize experiences over extravagance.
  • They teach their children about money through chores and saving.
  • They maintain a consistent investment strategy, even during market downturns.
  • Living on less than they make is a core principle of their financial philosophy.

• 🗣️ Quotes & Soundbites

  • "We've started being more giving."
  • "We just bought a cake first."
  • "Live on less than you make."

   

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Prizepicks.com Code: Millionaire