370: Net Worth Of $2.2M to Zero - The Need of Money & The Right Mindset: Losing It All and Building Back

Summary Jordan, a realtor and investor, shares his experience of losing a significant portion of his net worth due to a market correction and interest rate adjustments in Canada. He was at $2.2 million just a few months ago and went to -0- effectively overnight. He discusses the impact on his real estate portfolio and the challenges he faced in liquidating properties. Jordan reflects on the lessons he learned from the experience and how he would restructure his wealth in the future. He also provides insights into the real estate market and commissions in Canada compared to the United States. He discusses the investment mistakes he made and the lessons he learned from them. Jordan also talks about how his family's lifestyle has changed and adjusted after losing their wealth. He shares his plans for moving forward and rebuilding his financial situation. The conversation concludes with rapid-fire questions about Jordan's past experiences with money and his advice for beginners.  

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Millionaires Unveiled interviews and tells the stories of everyday millionaires. We provide detailed insight into their investing strategies and current portfolio allocation. How did they get started? What decisions did they make along the way? How has their portfolio allocation changed, and what are they doing now to not only keep, but also grow, their highly sought after "millionaire" status? From these extensive and thought provoking interviews, you'll be able to assess your current portfolio allocation, learn investing strategies, and join the fast track to financial success.