412: Net Worth Of $1.0M - From Navy Vet to Tax Pro: Divorces, 230k in Debt, and a Millionaire Do-Over
Description
Summary
In this episode, Hubert shares his journey from military service to becoming a successful tax attorney and law firm owner. He has a net worth of ~$1.0 million with his pension. 500k is in his house and his law firm and the rest is in his pension & disability. He discusses the challenges of student debt, the complexities of divorce and its financial implications, and the importance of teaching financial literacy to the next generation. Hubert emphasizes the value of mentorship and work-life balance, as well as his aspirations for the future, including retirement and generational wealth for his children.
Takeaways
*He served in the Navy and later became a tax law professor.
*Divorce can have significant financial implications, especially regarding tax liabilities.
*Starting his own law firm in 2018 was a pivotal moment in his career.
*He emphasizes the importance of financial literacy for children.
*Hubert's military benefits provide him with financial security.
*He believes in maintaining a work-life balance for himself and his employees.
*Mentorship is crucial for success in any career.
*Teaching kids the value of money is essential for their future success.
*Hubert aims to retire comfortably while being involved in his family's life.
Sponored by:
Shopify
shopify.com/millionaire
United States
