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LEAN FIRE: Part 2: How to Retire off $1 Million (Investing in Equities and Debt Investments)

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Matt McKeever discusses how he'd approach retiring off $1 Million in net assets. What should you invest in? How can you know if you're investments will last in retirement? What is a safe withdrawal rate? Thankfully Matt doesn't have to reinvest the wheel - he's standing on the shoulders of giants. If you're interested in learning how to retire young, or how to retire as soon as possible - you need to checkout the following resources: http://earlyretirementextreme.com/ At Early Retirement Extreme Jacob goes indepth into the theory behind how to retire within 5 years. In this video Matt referenced: http://earlyretirementextreme.com/day-14-investing-for-early-retiremen.html Mr Money Mustache: http://www.mrmoneymustache.com/ and the amazing article that discusses the 4% safe withdrawal rate and the trinity study: http://www.mrmoneymustache.com/2012/05/29/how-much-do-i-need-for-retirement/ FIRE Calc is an amazing resource for determining how long will your money last. Every wonder how long your money will last in retirement? Well then you need to check out FIRE Calc: http://www.firecalc.com/ How and where should you invest your money? Well ETF's and Index funds are a great place to start - and thankfully in Canada we have the amazing website Canadian Couch Potato which breaks out various potential portfolio's that utilize index and etfs. http://canadiancouchpotato.com/model-portfolios-2/ Check out the exact portfolio's Matt mentions here: http://canadiancouchpotato.com/wp-content/uploads/2015/01/CCP-Model-Portfolios-ETFs-2016.pdf http://canadiancouchpotato.com/wp-content/uploads/2015/01/CCP-Model-Portfolios-TD-e-Series-2016.pdf Facebook: http://www.facebook.com/fieh.ca Instagram: http://www.instagram.com/fieh_matt Twitter: https://twitter.com/fieh_matt SUBSCRIBE: http://www.youtube.com/subscription_center?add_user=UCdRtqnqBSq4GY7DGiYICu5g https://www.biggerpockets.com/users/MattMcK Website: http://www.fieh.ca Matt McKeever is a CPA, CA and Real Estate Entrepreneur in London, Ontario. On this YouTube Channel Matt will walk the viewer through how to invest in real estate using such strategies as the BRRRR method while also documenting his personal experience as a real estate investor. Matt began investing in real estate at age 25 by purchasing a student rental near Fanshawe College. In 2016 he's acquired over 25 units. As well on this channel Matt will share his personal monthly spending and discuss the strategies and tactics needed to reach financial independence (retire early) at a young age. We’ll discuss such topics as safe withdrawal rates, how to build passive income streams and how to reduce your personal consumption.
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Text Comments (23)
Tricia MacDonald (8 months ago)
Hey Matt who painted the picture in the background
Yourtube User (6 months ago)
The same person who stole your question mark.
matt yang (8 months ago)
The more videos I watch the more I like your channel. Great Videos!! Thank you Matt!!
Matt McKeever (8 months ago)
Thanks Matt! Comments like your's really make my day! Thanks for watching & commenting!
can ada (10 months ago)
Build a 30+ Million dollar portfolio and none of this will really matter.
can ada (10 months ago)
Was more of a serious joke. But thats just me. Im looking to gather about $50M by the time im done walking. Idea is that generations to come will never have money issues. I like what your doing though I connect with alot of your points. Currently finishing up property #9 looking to refi and head to London or St Thomas for something bigger, perhaps mixed use. everything between Hamilton and Toronto is currently becoming "uncashflowable". Running into some unexpected financing costs for commercial though. Just turned 24 with about $2.6M (gross value). You mentioned you are in your early 30s with about 80 doors? Very cool. Would you be willing to share gross value of your portfolio? publicly or privately, very interested. Keep up the videos.
Matt McKeever (10 months ago)
Hi - I can't tell if your joking or not. Is building up a massive portfolio your plan for retirement? Do you believe it's the better strategy vs FIRE? I understand the desire for safety, that say 30mil would bring, but the trade-off between working more for that safety - I don't believe is justified for most people. (Particularly those focused on FIRE) I'd rather risk having to go back and earn some active income, than work actively for another 10+ years - but it's a very personal decision. Thanks for watching!
eldogg4life (1 year ago)
great video subd
Matt McKeever (1 year ago)
Thanks for watching!!!
Scott Clarke (1 year ago)
1MIL is my goal, almost there. All index funds.
Matt McKeever (1 year ago)
Congrats Scott! That will a great, passive approach to FIRE!
Great Video Matt! Jam packed full of great info, I'm overwhelmed! Can't wait to take these methods and apply them into my life! Thank you for doing you!
Matt McKeever (1 year ago)
Thanks Peter! Really appreciate that! I'm really excited to put part 3 together - as it will really help put into focus how little money one needs to reach a bare minimum financial independence threshold!
Dollar DNA (1 year ago)
Matt McKeever is it your actual goal to have a $1m portfolio? Just wondering
Dollar DNA (1 year ago)
That would be awesome! Sounds like you're killing it in real estate too! Keep it up!
Matt McKeever (1 year ago)
It would be great to have a $1m equity portfolio - but it's not a particular goal. My goal was always to have a real estate portfolio that could produce enough cashflow to sustain my current level of living. I actually achieved that well before considering quitting my job - and then started trying to develop a similar level of income via dividends. I guess I've never really delved into exactly what my income from passive sources is - likely part of the reason is simply that with the real estate income there can be significant variation month to month. I'll consider doing a video documenting exactly what my passive/semi passive income picture currently looks like and what my goals are.
Colton Lukey (1 year ago)
Matt love your video!! Big fan and beginner real estate investor in the Niagara Region. Wanted to get your input in the best type of mortgage to use when using the BRRR strategy! Keep up the good work!!
Colton Lukey (1 year ago)
Thank you very much for that information and insight! Keep up the great work
Matt McKeever (1 year ago)
Thanks Colton. It depends exactly on how your approaching the BRRRR - but one mortgage I'd highly recommend you consider is the improvements plus mortgage (from ScotiaBank) depending on the scale of renovations it can be a very useful tool, other situations may call for a progress draw/construction mortgage. The most important thing is to find a banker/mortgage broker that is on your side - get recommendations from other investors if you can and talk to several bankers & banks before committing. It's also important to have spoken to the bank/mortgage broker and have built a relationship well before you start looking for a mortgage for a specific property. Hope that helps!
Kerrs Opinion (1 year ago)
Hey Matt I tried Googling #LDNONFIRE but your Facebook page did not come up. Can you please give me the link. Your 32? You look younger than me lol 😂
Matt McKeever (1 year ago)
https://www.facebook.com/groups/1273784362678056/ In regards to my age... Yeah I hope someday when I grow up I can grow facial hair. lol
Dan Warren (1 year ago)
I really like your FIRE calculator. What a simple way to see the risk of your retirement strategy. One thing I would add about investing in ETFs or buying individual equities. Right now I don't invest in ETFs, but they are a great way to invest in specific sectors of the economy that are high risk without the risk of losing your capital. You can also pay for investment advise to buy individual stocks. I do that and it is only $500 a year for very high quality advise. That is something for people to consider as well.
Matt McKeever (1 year ago)
Thanks Dan! Really appreciate your insights. Is there a specific reason why you don;t invest in ETF's right now? Your right - I didn't really dive into all the aspects of etf's or what they can represent (just focused on them in a broad sense) - I'm trying to keep my videos to 15mins as most viewers seem to loose interest after then so it's hard to cram everything I want into such a short video. PS. The real estate market is getting crazy by fanshawe - heard another Thurman property just sold for 350K!

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