Ritter on Real Estate Why Real Estate Is The BEST Retirement Vehicle With Eric Martel
In today’s episode of Ritter On Real Estate, we interview Eric Martel. At the young age of 18, Eric purchased his first apartment building while still at university. After graduation, in his position as an actuary, he was dismayed to see hundreds of company pension plans being rolled over into 401(k)s shifting the retirement risk to employees. This made Eric reconsider traditional beliefs about retirement saving and question his role as an actuary so he joined the lucrative technology industry.
A few years later, Eric lost a fortune during the dot-com crash of 2001 and he started looking for ways to earn passive income and stop trading time for money. He started various businesses, including a gourmet sauce company, but eventually came back to his first love, real estate investing, and formed MartelTurnkey.
After just four years of rapid success, he was able to retire from his day job. Today, Eric wants to share what he has learned through his own experience so that we don't make the same mistakes he did. Financial Freedom should be everyone’s #1 goal because it is inevitable and the best way to achieve that goal is through rental
properties that generate passive income. Welcome to the show Eric!
Key Parts From The Episode:
- Eric’s upbringing, growing up in a middle-class family. Getting introduced to real estate investing.
- Finding mentors and learning from other real estate investors.
- Finding and investing in his first deal at only 18 years old.
- How to overcome limiting beliefs. Moving away from a traditional way of thinking.
- Why investing in rentals is a better form of retirement saving, than traditional plans like Roth IRA’s.
- Inflations negative impact on traditional forms of retirement investing.
- The barriers people typically face when trying to achieve financial independence.
- What is Martel Turnkey?
- Why it’s important to build multiple streams of income.
Books/resources mentioned:
- Marteleric.com
- Martelturnkey.com
- What Got You Here Won’t Get You There by Marshall Goldsmith
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Production by Outlier Audio