David: Welcome to everyones a millionaire podcast where we explore the world of wealth and finance and provide insights and inspiration to help you achieve your financial goals. Do you ever dream of becoming a millionaire but dont know where to start? Or perhaps youre already on your way to accumulating significant wealth but want to learn more about the strategies and habits of other successful millionaires? In this podcast, we'll bring you interviews with successful entrepreneurs, investors, and financial experts, as well as research based insights and practical tips to help you build and grow your wealth. We'll cover topics such as how to invest in stocks, real estate and other assets, how to manage debt and save for retirement, and how to build a mindset for financial success. Whether you're just starting out on your financial journey or you're a seasoned investor already looking for new insights and ideas, everyone's a Millionaire is the podcast for you. So sit back, relax, and join us as we explore the fascinating world of wealth and finance.
Matt: Hey, guys. Welcome back to another episode of everyone's a Millionaire. I have a special guest today, mister Matt Kmeyer. Matt, welcome to the show, buddy.
: Thank you for having me, man. I'm excited to be here.
Matt: Matt, I'm excited to have you. I'm grateful for your time. It's always fun and exciting to get to network with other individuals that have a net worth over 1 million. The premise of this show is, is that the millionaires, me and you, are the host of the show, and we're really doing this show for those who are not. In fact, only one in 17 Americans has a net worth of a million plus. So this show is from the one for the other 17. Again, Matt, awesome. Excited to have you here. Thank you for your time. Matt. Question number one, brother. Who is Matt? Kenny Meyer.
: That's, uh, that's a very open ended question, but, uh, Matt, Matt Kameyer is a real estate agent and a real estate investor. I got in the business, um, in the real estate space, I would say 2013 ish, got licensed 2015, started on a small team working residential sales, and then I branched out and launched my own team, end of 2019, and then really started hammering on the real estate investment side, 2022 and 2023.
Matt: Okay. Very cool, very cool. So, agent investor, very cool. All right, number two, what did you do to get to a net worth of 1 million plus? What was your main strategies, though?
: Honestly, I think I didn't really have a strategy, and it kind of was happenstance. I started house hacking when I bought my first house. Bought my first house when I was 22, 23, and I did the whole two years. You know, I stayed in a house, renovated it, I moved to a buddy's couch, and while I rented that other house out, and then I found another one, and then I repeated that for the first three years, and I'm like, I think I'm kind of. I think I'm kind of onto something. You know, real estate investing was never, like, a goal or strategy of mine. I think I more or less just fell upon it. Like, man, I got three rentals at 25 years old. Like, okay, let's. Let's keep going. Um, and, uh, so that's. That's really kind of where I got started. And then as I became exposed to different strategies and started hanging out with people like you and who are doing creative things in the. In the investment space, I think that's where I really, really kind of, uh, you know, took off.
Matt: Sweet. So mostly real estate, house hacking and rental.
: Yes. Yep.
Matt: That's amazing.
: All. All of my. All of my net worth is in rental properties.
Matt: Yes. I'm pretty close to that. Almost all. Agree.
: Yep.
Matt: It's a great way to do it, man. It's. It's up. I think it's easy way. Yeah, yeah, yeah. And it's, you know, I've had. I think you're like the 16th or 17th guest on the show, give or take. I don't know exactly, but, like, 95% of the individuals, when I ask them, you know, what did they do? Real estate keeps coming up. It's like the reoccurring theme. Obviously, there's other ways to create wealth.
: Right.
Matt: You know, but. And I say this to a lot of my students, too. You know, nine out of ten individuals, you know, use real estate to. To create wealth. Why would you try to go do it another way? Right.
: Like, well, I think it's something that's very easily. I think it's. I think it's something that's very easily for people to understand, you know, like, yeah, most people own a home. Most people have somewhat of a general idea of, you know, okay, if the house is worth this and you owe this, there's your spread. Right. And so I think it's just, people are just missing the mark that. On. On how easy it really is, you know.
Matt: Hundred percent, 100%. All right, next question. What was your biggest financial mistake or setback and how did you recover from it? We could all learn a lot from mistakes, right?
: Yeah. So that actually happened. My biggest real estate mistake was actually this year, a deal that closed in March. Uh, is, uh, the numbers didn't work, uh, from a rental perspective, but it was the first house and last house that I bought side unseen, and, uh, I got smashed with a $25,000 basement job. Um, and, uh, yeah, I think, uh, well, then I got hit on a $10,000 appraisal deficit. Um, so, yeah, I just. I was getting kicked in more ways than one, and I think ultimately I lost twelve grand on that deal and which, you know, I brought a house to the market. It was a first time homebuyer price point, you know, so ultimately somebody won. But, yeah, I think my biggest lesson was never buying a house sight unseen again.
Matt: I've bought a few sight unseen, and most of them don't work out. I know. No side un.
: Yes, absolutely.
Matt: So. So I just recovered from it, though. It doesn't seem like it was a, like a, you know, catastrophe. Right? It wasn't twelve grand. It's not the end of the world.
: Um, yeah, I think how I recovered from that is, you know, real estate is one of those interesting spaces that you can read as many books, you can listen to as many podcasts, you know, you can pay for, you know, whatever course, but a lot of it is, you learn by doing, you know? And, and I think that, yes, that was a $12,000 mistake, but that $12,000 mistake saved me tens of thousands of dollars on the future. And I think that that, for me, is kind of a win. I would rather be learning that right now as opposed to me managing maybe five, six or seven blitz or projects at one time, and I'm losing on multiple projects. The other thing, as far as recovering, is that I think it's important, at least for, for me, when I started, is that when I started in real estate investing, I didn't use any of the money that was like, make it or break it. Like, I. My investment fund was completely separate than my emergency fund. So if I did lose that money, it's not like I couldn't pay the bills or I couldn't pay my mortgage or, you know, something like that. So I think that for me, separating those two funds, that, yeah, I mean, no one wants to lose $12,000, but I had those two separate accounts, so I. It really didn't have any effect on my personal life.
Matt: You're good. That's my six questions. We're going to jump to that. But you've already started to answer that. Really, really cool. How about you didn't know? I don't give you this questions in advance. A lot of people will have the mindset of burn the boats, but you were able to, you know, have that separate account. So.
: Very cool.
Matt: And what a great answer. Okay, next question here. Can you share some specific strategies or tactics that you used or currently use to increase not only your income, but also your net worth?
: Yeah. Yeah. So I think I experienced three tactics. The first one, of course, was the house hacking. The second one was when I launched my real estate team, and I kind of branched off and started my own real estate group. I was still living on my administrative salary, but I had started making all this money. But, like, well, I'll just do the whole 20% down thing, right? Like, I'm still living very modestly. I'll do 20% down. But then I started realizing that, well, if I stopped working on the real estate side, then I have no money to play with. And so it was kind of like I was having to work twice as hard to fund this play money or investment money, so to speak. Um, but really, where my investment, you know, um, strategy kind of just took off was when I learned about hard money. I mean, leveraging other people's money, um, has allowed me to scale so much quicker and manage way more projects than doing the house hacking, because my wife doesn't want to move anymore. She's like, hey, I'm done sleeping on your friends couches or whatever. And two, I don't want to waste, you know, those extra funds that I could be investing in some other space. So the hard money for me has been. Had. Been a game changer.
Matt: I love it, man. I usually have at least one or 2 million of hard money loans.
: Yeah.
Matt: Borrowed at any time.
: Yep.
Matt: It allows you to scale, you know, you pay a little bit of interest. So what? You're building, you know, exponentially fast, so. What a great answer, man. That's awesome. Okay, cool. Next question. Do you or really, this is a did you question. Did you have any mentors or role models who influenced your approach to wealth building? Now, I'm not asking who, but I'm asking is, how did those people help you?
: So, I was a hard headed kid growing up, and I always wanted to do things by myself. I had role models within the industry that I looked up to, but I never really had a mentor, and I wish that I would have because I would. I feel like I'd be a lot further along than where I am now. I mean, having a net worth of over a million dollars is great, right? But, you know, if I would have started, you know, I just turned 31 or 32 this year. So I started when I was 23. And so, yeah, I had people that I looked up to, but I never did it in a, like, I never had a coach. I never had, you know, a program that I was a part of. And, yeah, I beat myself up to this day that I didn't start doing that earlier.
Matt: You're one of my second guests that has answered that question with, no, I don't really have any role models that come to mind that, yeah, a bunch of lessons. Now, I'm sure you learned a ton from books and podcast courses and stuff like that, but no particular role models or mentors. The second person out of about 16 that have said, said that, so very impressive that you didn't have that and that you are right where you're at already. And, man, 31, you're a young buck. All kinds of time.
: I know I got all kinds.
Matt: I'm not that far ahead of you.
: But, yeah, but then you, but then you, you look back and you run these numbers and, you know, I'm looking at all these numbers, I'm like, man, if I would have, if I would have leveraged earlier or if I would have had that mentor that asked me those right questions or, or challenge my way of thinking, shit, I would have been in a completely different spot than I am now, you know?
Matt: So you have any mentors currently?
: Yeah, I do.
Matt: You do?
: I have a coach. I have a coach now.
Matt: Perfect. Yeah. So see the value in mentors then?
: Oh, a hundred percent, 100%. And I think I'm a perfect example, like, of being at a young age and not, not having any of that and trying to just, oh, I'm going to tackle the world myself and I'm going to do it my way. But, like, had I learned, had I learned about hard money, let's see, four years earlier, I probably could have, like, quadrupled my net worth by now. Yeah, yeah. And I think that, that being aware now and, you know, I got a coach last year and it's, it's been a, it's been a game changer. Yeah. So highly recommend that, man.
Matt: I love it. I love it. And I agree. All right, number six, how do you balance risk versus reward when making investment decisions on your journey or currently, you know, in your business? Let's just go with that.
: Yeah, I think that's an interesting question because I. Real estate can be a multifaceted, you know, it. Real estate is a multifaceted industry, so. And I, all of my allies of my rental properties are single family, and I think the reason why single family makes the most sense for me is because I can do numerous things with one house. You know, if, if the rental, you know, numbers don't work, can I flip it? Can I do, do I have a client, you know, because I own a residential team, do I have a client that could do a potential, you know, lease purchase? So from the, from the risk versus reward standpoint, like, I have a, a formula that I use to underwrite every single deal, but sometimes I may make those numbers a little bit tighter if I think that I might have other opportunities to where like, okay, let me just get it locked up. You know, let me go through the, you know, if I go through the project or the renovation without any hiccups, then, okay, I'm going to go with this option one as intended. But if there is any hiccups and the deal might be a little bit more risky. Do I have a client thats looking in that area whos maybe want to rent or do a lease purchase or can I sell it to somebody off market and save money on commissions? So for me being an agent, the risks I feel like are a little bit less than for some people. I also have my own crew that manages all my projects. So having a little bit control over that and pricing and, and, and all that. I mean, every deal has some sort of risk, but I think I'm able to spread out the risk due to the different avenues that I can kind of put that property in a bucket per se.
Matt: A hundred percent. I'm very similar to you.
: Yeah.
Matt: I always want to have a plan b, if not a plan C when I'm buying.
: Yes, yes.
Matt: And then also, you know, having your own team and your own crew and having the tool in your belt of being an agent, all of these things are going to obviously limit your risk. So. Awesome answer, man. Awesome answer. All right, number seven, looking back, this is one of my favorite questions here. You kind of already answered it, but I'm going to ask anyway. What advice would you give your younger self about building wealth?
: Yeah, I think one of the things that I live by is when you start making more money, don't live like you're making more money. I think that that's been a huge component to my security and foundation is that, you know, even on my first couple flips, you know, and you make 40k on one deal and you're like, hot damn, what can I go buy? You know, and I think it's just having that mentality, you know, just, just for, you know, just from a numerical aspect, you know, I, because of this mentality, I still live on only 16% of my income. So, like, I'm still living and operating on that lifestyle when I was making an hourly wage, and I've stuck to that since, and that's freed up so much cash for additional investment opportunities at different properties. So. So live well. Well below your means is my first one because I've, I've lived by that and I can tell the story. And the second one is understand how to leverage other people's money. That was a game changer. And I think early on, too, because I started it at, at such a younger age, I think that, you know, when you are learning to leverage other people's money, you're also removing a lot of the risk from yourself. You know? And I think, like, early on, you know, you. When you start early on and you're young and I'm using the younger generation because I feel like I can relate to that better. But you're still establishing credit. You're still establishing, you know, your savings, you're still establishing, like, essentially your, your, your foundation. Take the risk off of yourself and put it on somebody else, you know? Um, so those would be my, my two, uh, my two bullet points to my younger self.
Matt: I love it. I agree with both of them. I think that's great advice. Question number eight. Any additional advice that you can give to our audience, our listeners, our viewers, you know, specifically those that are maybe just starting out, you know, and they're on the path to wanting to create a net worth of, you know, a million plus, hopefully 10 million. Right. But, like, what other advice would you give to somebody that's just starting out?
: I would say that if, um, like, get in the right room, you know, or the right rooms, plural. Um, you know, I I was such a loner early on, um, that I really didn't start making the relationships and connections that I did until you, you know, probably just the last couple of years. And, you know, again, I'm in rooms now where, you know, people are talking outside of real estate, franchise opportunities, restaurants, hotels, you know, I mean, you know, pharmaceutical companies, I mean, anything that you name it. And, man, why was I not in these rooms ten years ago, you know? And so I think that real estate, you know, in any type of high net worth individual who is, is stretching the ceiling, you know, get, get in the right rooms, connect with the right people. This is a relationship business. Even if you're not working, you know, directly with the consumer, you know, like, like on the real estate side, get in the rooms with other investors, sign up for other meetup groups and coaching programs, and, and be a part of a network where you can be with like minded individuals because that's where the big deals are being happened, is behind closed doors.
Matt: Agreed, man. Great advice.
: Thanks, guys.
Matt: If you're not listening to Matt, you should. Got some good advice here. Matt. What is a good way to connect with you? You know, if somebody's listening to this podcast or watching this on YouTube and they're resonating with you. I know I'm resonating with you. I love what you're saying. All really, really good stuff here today, and they wanted to connect with you, learn more from you. Where would you send them? And then this is a two part question. Do you have any sort of mentorship groups or coaching programs or anything like that as well?
: Yeah, so I'm on Facebook and Instagram a lot, you know. Matt Kameyer pretty, pretty easy, pretty simple. You know, if you're just looking to connect with me on an investment side, you know, or, you know, one to one contact, you can also reach [email protected]. which is my real estate website. But I mean, really, really, socials are huge for me. You know, Facebook messenger, Instagram, DM's, and, I mean, my phone's glued to my hip all the time, so I'd say socials are the best way to get in contact with me. And as far as, as far as, like, coaching or anything like that, one thing, I guess my last piece of advice is that you will only grow at the rate at which you become a better, a better person. And so early on in my coaching career, ironically enough, I didn't start with a business coach or an investment group or anything like that. I actually focused on myself. So I hired a Tony Robbins coach. That Tony Robbins coach helped me grow internally, you know, spiritually, mentally. I mean, just, they helped me create this version of who I am today that is allowing me to sustain this level of growth and this level of success, you know, that I'm having. And so I would say, you know, do a internal deep dive of who you are right now. And because sometimes, you know, and again, you know, I was, I was really young getting into this. And so it was easy for me to, like, go after the big flashy thing, but then on the weekends, I was partying and, you know, like, and then starting the whole cycle all over again. And so, like, I'm a huge component of working on me personally first. Then the tactics, logistics, skills, come after that. Um, and, and Tony Robbins coaching, um, has been a game changer for me, man.
Matt: I love it. All good stuff, guys. Connect with Mister Matt K. Meyer. Matt, what are the handles on the, on Facebook and Instagram, if you don't mind, just in case someone's driving down the room. Yeah. Like, oh, you know, it just makes it easier for them to connect with you later.
: Yeah. Facebook and Instagram at Matt Kmeyer. Super simple.
Matt: Spell your full name.
: Yeah. M a t t a m e.
Matt: I d r. You got it. Matt, thank you for being a guest on everyone's a millionaire. It is awesome to have you as a guest again. I'm grateful for you. I'm grateful for your time. I'm grateful for this knowledge that you're able to share with our audience. All good stuff. I loved that you're in real estate because that's what I do. I'm surprised that you didn't have any mentors. Like I mentioned before, you're only one of two people out of about 6ft so far that haven't. But you did state that you see the value in it. You hired a coach through Tony Robbins's organization. You have another coach right now. You did great answering all my questions. You did not know these questions prior to us hitting the record button today. And I agreed with everything you said in regards to looking back and balancing risk versus reward and very, very great specific strategies and tactics. All good stuff. So, Matt, thank you again for being a guest on the show. And with that, folks, signing off.
: Thanks for having me, David, thanks again. Appreciate it. Take care.
Matt: See you, buddy.
David: And that's a wrap for today's episode of everyone's a Millionaire. We hope you've enjoyed our discussion and that you've gained some valuable insights and ideas to help you build and grow your own wealth. We want to thank our guests for sharing their knowledge and expertise with us today. And we also want to thank you, our listeners, for tuning in and joining us on this journey of financial discovery. If you've enjoyed today's episode, be sure to subscribe to our podcast. Leave us a rating and a review on your favorite podcast platform, and if you have any questions or feedback, please feel free to reach out to us on our website or on social media. Remember, at everyone's a millionaire, we believe that wealth is within reach for everyone, and we're here to help you achieve your financial goals. So until next time, keep hustling, keep learning, and keep building your wealth. Signing off.
