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EP20: Money Secrets of the Millionaire Mailman Part 2 - Growing Net Worth
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Last week, we brought you part 1 of how a friend of Dave’s helped him pay off his debt. Now, we bring you part 2, with even more insights and lessons learned from Dave Naylor and Sean Johnson. During part 2, they discuss building net worth and the many ways Dave continued to keep a budget even after he had all of his debt paid off.
Shownotes
0:22- Recap/intro to part 2
2:23- the save and buy mentality
5:42- Using cash is key!
7:36-How to build your net worth after saving/paying off debt
13:39- Gaining power over time
20:00- How to invest the right way
33:40- What to do if/when the market crashes
38:52- How to know when you're ready to make big investments
41:36- Where to put the money you save
44:56- Know what you're investing for
48:24- The importance of life insurance
50:47- How to know what the right type of life insurance is
55:11- Final thoughts
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