Watch & Subscribe on YouTube

Are you struggling to build wealth through real estate investing? Discover how to overcome common obstacles and create financial freedom with proven strategies.

In this episode of Wealthy Wellthy, Krisstina Wise welcomes back Matt Theriault, a seasoned real estate investor and coach. With decades of experience navigating multiple market cycles, Matt shares invaluable insights on successful real estate investing.

The main focus of this conversation is debunking myths about real estate investing and providing practical advice for both beginners and experienced investors. Matt emphasizes the importance of mindset, explaining how to use debt strategically and why real estate remains a powerful wealth-building tool despite market fluctuations.

Additional topics covered include the difference between good and bad debt, the potential for a nation of renters in the next decade, and Matt's "five ones" framework for tailoring real estate investing to individual strengths and preferences.

Ready to transform your financial future through real estate? Listen now to gain expert knowledge and actionable strategies from Matt Theriault's wealth of experience.

Key Takeaways

3:14 Real estate investing as a side hustle

14:07 Mindset issues in real estate investing

24:38 Using intellectual currency to invest

36:50 Leveraging debt to accelerate wealth building

46:42 Daily activities of a full-time investor

48:33 Coaching aspiring real estate investors

Memorable Quotes

"Real estate is the final frontier where the average person has a legitimate shot at creating real wealth. It's created more wealth for more people than anything else."

"There wasn't a single day in history where it was a bad day to buy real estate. Wasn't a single day. Now, you can't say that for selling real estate."

"Real estate is not risky, not risky at all. It's the safest investment out there. Where the risk comes in, from my experience over 20 years, it's the people you work with."

Resources Mentioned

Rich Dad Poor Dad by Robert Kiyosaki - https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194

Dave Ramsey Podcast - https://podcasts.apple.com/us/podcast/the-ramsey-show/id77001367

Connect with Krisstina

Website - https://wealthywellthy.life/

Instagram - https://www.instagram.com/krisstinawise

YouTube - https://www.youtube.com/@krisstinawise

Krisstina's Book, Falling For Money - https://www.amazon.com/dp/0692560904/

🎙️🎙️🎙️

Podcast Production & Marketing by FullCast

Matt Theriault [0:01 - 0:28]: Having that home is more important to them than getting in the game, right? It's more important to looking good to the neighbors. It's more important to, you know, you don't want to disappoint your family to reduce your house, or you don't want to move to a different city and you'd be further away from work or whatever the reason is that you're allowing that house that you're living in to stop you from doing what you want to do. That's more important to you. And that's not a good or bad thing. It's not right or wrong is just.

Krisstina Wise [0:28 - 1:58]: What'S so hello and welcome back to the Wealthy Wealthy podcast where we explore the intersection of wealth, health and entrepreneurship. I'm your host, Christina Wise, and today I'm joined by Matt Theriault, a seasoned real estate investor and coach. Matt brings over two decades of experience in real estate investing, having navigated multiple market cycles and economic shifts. His journey from the music industry to becoming a successful real estate investor offers valuable insights for anyone looking to build wealth through property. In this episode, we dive deep into the world of real estate investing, debunking common myths and addressing the fears that often hold people back from getting started. We discuss the power of leveraging debt responsibly, the importance of having the right mindset, and why real estate remains one of the most accessible paths to wealth for the average person. Matt shares his unique five ones framework for success in real estate investing and explains how he helps his clients find strategies that align with their natural strengths and personalities. If you've ever felt intimidated by the idea of real estate investing or wondered how to get started in today's market, this conversation will provide you with practical insights and a fresh perspective on building wealth through property. You'll gain a deeper understanding of how to approach real estate investing, manage your mindset around debt and risk, and build a portfolio that can withstand market fluctuations. Please enjoy my conversation with my friend Matt Theriault. Matt, welcome back to the Wealthy Wealthy podcast. Good to see you my friend.

Matt Theriault [1:58 - 2:02]: Likewise. Thank you Christina. Good to see you. Happy New Year.

Krisstina Wise [2:02 - 3:47]: Yeah, Happy New Year. And you and I were talking offline that you inspired me to write a book on real estate investing. You being a a real estate investor and real estate investor coach, maybe yourself. So I thought it would just be a really great opportunity to share to talk about real estate investing. It's fre mind since I'm writing this book and you're really the expert at this and you know, for me, real estate investing has been a part time thing. I've always built my business and had like my day job for all these years. But I just buy a property every two or three years and over time it's turned into a really nice portfolio of assets and built a really nice net worth. But I can't say I ever did it with real, any real upfront strategy or knowledge. Even what I was getting myself into at the beginning, I kind of learned it over trial and error and over time, which, you know, if I'd have done it your way, I could have done it much quicker and probably without losing a lot of money I've lost and all sorts of things from just being naive. So I thought what we could do is just really tap into your knowledge and to, for anybody listening that's interested in kind of getting started in real estate that we can help them out a little bit. And for everybody listening, there are many people out there that claim to be kind of real estate investor coaches and some of them might be good. But Matt, you've been around for how long? Matt is my go to, is a good friend, somebody I completely trust and that has been through more than one real estate cycle like myself, meaning, you know, one or two recessions in the whole process.

Matt Theriault [3:47 - 3:49]: And Covid, not many of us out.

Krisstina Wise [3:49 - 4:27]: There, there are many of us that have sustained and survived through more than one, you know, market crash, if you will. So first of all, just tell a little story because what you've done is as opposed to me, that this has been more of a side hustle. You woke up one day through your own life journey and said, I think I want to do this real estate thing full time. So share a little bit of story of what you did before and what was that catalyst or that bridge where you kind of had that confidence to say, hey, versus working for a job, I can actually get into real estate investing and that become my business.

Matt Theriault [4:28 - 5:41]: Sure, I'd be happy to. But one thing you had said right at the beginning is like you've never, you just kind of bought every one every couple years and you just kind of held on with no real strategy. And it's built this, you know, portfolio and it's built and made a significant contribution to your wealth. And I think that alone is just a testament to what real estate is for just the average person. You know, one of the things that I've coined on my show over the years is that real estate is the final frontier where the average person has a legitimate shot at creating real wealth. It's created more wealth for more people than anything else. So that's a clue, that's a hint. Like maybe you don't need a strategy. Maybe you just need to buy it and hold onto it and you'll be just fine. Even if you don't like real estate, you know, just incorporate it into your financial plan in some shape, form or fashion. But yeah, maybe you don't need a strategy. I chose to take it on as a full time endeavor. But in hindsight, you know, anyone that's ever invested and you might even agree, I'm sure you will, but you can disagree if you want and prove me wrong. But almost everyone that's been doing this for 20 years or more would say, God, I wish I would have bought more and sold less. Right, right.

Krisstina Wise [5:42 - 5:47]: Yeah. Myself included. Absolutely. Like if we know then what we know now, it's like, holy cow.

Matt Theriault [5:47 - 5:47]: Right?

Krisstina Wise [5:47 - 5:50]: I would have. Yeah, exactly what you just said.

Krisstina Wise [6:55 - 7:32]: Yeah, I mean, that's a good point. Let's even. I think this is a great place to start. Matt is. It's exactly. You said. This is the objections. The objection that I hear most often is, but real estate prices are so high they can't continue to go up and to Your point? They were the highest they'd ever been the day before the crash happened. And all these years later, here we are. Exactly. So what do you say to that? What do you. I mean, other than what you just explained, which I think is, you know, makes it pretty obvious. But what do you say today when people say that? But real estate prices are so high and interest rates are so high.