“There’s never going to be a right time for anything you’re considering doing in life. Whether it’s starting a business, taking a leap of faith to go do your own thing, start[ing] a family… the stars are never going to align enough, just do it. Take action, take imperfect action and just do something. – Matt Motil
Dr. Matt Motil is a real estate investor, business owner and entrepreneur and he is in it to elevate, not only himself, but also his family, his team, his investors and his students. Matt has worked with hundreds of investors from around the world to help them grow their wealth and passive income through remote real estate investments. He leads a retail real estate team whose agents work with buyers and sellers in all 50 states. Before real estate, Matt spent 17 years as a project manager and licensed engineer in the construction industry building bridges, highways and industrial plants throughout the United States. He and his wife Amy steadily began building their real estate investing business until one pivotal day, when this became their full-time focus. In his spare time, and aside from spending time with Amy and their family, Matt teaches college courses as an adjunct professor at a handful of colleges and universities. Through his experiences and drive to help others succeed, Matt has leveraged his purpose and passion to become an author, mentor, teacher and help people all over the world unleash their abilities to achieve their highest potential.
Selected Links and People Mentioned from this episode:
Connect with Matt Motil:
Dr. Matt Motil LinkedIn Cashflow King Podcast Facebook Twitter
Rich Dad Poor Dad by Robert Kiyosake The Subtle Art of Not Giving a F*ck by Mark Manson Alex Charfen Traction by Gino Wickman Man on Fire by Dr. Matt Motil The Good Men Project
Show Notes
[02:17] Patrick introduces today’s guest: Dr. Matt Motil [03:55] Patrick and Dr. Matt get rolling! [04:12] What’s his doctorate in? [04:27] Let’s hear a little bit about what Matt’s up to from Cleveland, Ohio. [06:28] Matt explains how he was first brought into the world of real estate investing and his role of manager by default. [08:50] Like many other investors, Matt starts in the 90s with the “gateway drug” for real estate investing – Rich Dad, Poor Dad. [10:10] Although Matt was fascinated with and absorbed as much as he could about real estate investing, he remained committed to the track of becoming an engineer and investing as a side hustle. [12:00] Matt talks about his practical, hands-on dive into property fix and flips. [13:05] A quick side note about the wonders of learning from You Tube! [13:25] Patrick takes Matt back a little further to learn about his family and beginnings. [15:56] Matt’s entrepreneurial spirit was not set from example; indeed a degree in college was the opportunity he was presented and undertook. [18:56] Was engineering even enjoyable for Matt? [19:40] Matt carefully explains why being a project manager and employee in a firm didn’t resonate for him. [21:00] Matt dials us into the inequity he felt in the workforce and how that played out for him. [22:47] Matt asks himself: how can we be a six figure income family and still have nothing left at the end of the day? Where is all the money going? [25:00] And who CAN afford to be buying all of those fancy cars? [27:15] Things for Matt start to click when he cuts the cord as an employee and starts building his own business. And a little self-awareness comes along with that. [28:15] Matt tells the story of his fork in the road; his defining moment. {if you’ve seen the movie Office Space, it may sound a bit familiar} [33:30] Matt’s gut feeling on the end of his employment – Happy New Year! [34:49] A fork within the fork in the road. A pivotal decision to make. [36:15] How do Matt and his wife Amy work together as a team in business? A potentially tricky proposition.