June 20, 2023
On this episode of The Rich Equation Podcast, Ashish is joined by Matt Aitchison. Matt is a hotelier, investment syndicator, and sought-after speaker throughout the real estate industry. He began his career as Realtor and built a Top 1000 real estate team in the U.S. ranked by Wall St Journal. Soon realizing that this path wouldn’t unlock financial freedom, he transitioned over to investing in real estate full-time. He now focuses solely on raising capital for his own syndications and developments across various hospitality assets and brands. Matt is extremely passionate about helping others create more wealth, freedom, and overall fulfillment in their life through his investments and educational platforms such as the Millionaire Mind cast, a Top 100 ranked business podcast in the world.
In this episode of our podcast, join us as Matt opens up about his entrance into the real estate industry. Matt delves into the fascinating trajectory of hospitality within the real estate sector, shedding light on its evolution and future prospects. Drawing from his experiences, Matt dives into the topic of economic uncertainties and offers practical advice on how to prepare for unforeseen challenges. He emphasizes the importance of recognizing opportunities even amidst difficult times in the industry you belong to. Furthermore, Matt stresses the significance of diversifying wealth and its role in achieving long-term financial stability.
00:00 - Ashish Introduces Matt
1:02- Matt talks about fatherhood and his daughters
3:46- Matt talks about his hospitality business and how last year tested his resolve
8:05- Matt talks about how he entered the real estate industry and the different cycles he went through.
11:07 – The pain and hardships become a part of the path to progress
13:50- Ashish and Matt talk about the trajectory of hospitality in the real estate industry
16:52- Matt talks about business travelers and their impact on the industry
20:19- Ashish and Matt talk about the dynamics of Commercial Real Estate,
29:13- Matt talks about the bad domino effect, hedge funds, banking institutions defaulting, and how to see the opportunities when these things happen
33:14 - Ashish asks Matt for some tactical tips that we should do to prepare for this season of economic uncertainties
40:45 – Diversifying wealth
47:36- Matt talks about what it means to have a rich life
Connect with Matt Aitchison here:
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Check out previous episodes of The Rich Equation Podcast here: https://podcasts.apple.com/us/podcast/the-rich-equation/id1585002788