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Vivian Tu
Your first foray into reality tv, did you actually make any money?
Tyler Cameron
No.
Vivian Tu
What was the first time you felt financially stable?
Tyler Cameron
I don't ever feel comfortable. I lived through a financial crisis and my family, and we lost not only all of our money, but we lost our family. My dad was doing really well right before 08.
Vivian Tu
The housing crisis.
Tyler Cameron
The housing crisis. And he was a builder, and he was like, Tyler. I was one more year away from really setting myself up for the rest of my life. And I was done. I was good. And then the bottom fell out. It just caused so much strain in the family. And then.
Vivian Tu
What's up, rich friends? Welcome back to another episode of Net Worth and Chill with me. Your host, Vivian Tu, AKA Urich, bff and your favorite Wall street girly. And I'd like to start this episode off by participating in my favorite pastime complaining. So my husband and I are currently in the middle of renovating a little bit of our apartment in and I just want to rant. Doing renovations on your place absolutely sucks. It is expensive. It's time consuming. It's inconvenient. I mean, half of my apartment is just covered in tarps right now. And it is not even a major reno. We are just repainting the home office, getting a new toilet installed, and maybe adding some soundproof windows because I live on a pretty noisy street. And I'm going to be honest, I don't think I really understood how expensive an undertaking this was going to be. And on average, Americans pay between 20 and $89,000, huge range, by the way, for their home renovations. And that's a real hefty chunk of change. So not only is actually being able to buy a home super expensive, but any upkeep or renovations you want to do can seriously add up. But today's guest is someone who loves to completely transform homes in no time and look good doing it. From heartthrob to handyman, he's been everywhere from the Bachelorette to his new show, Going Home. Everyone, please welcome Tyler Cameron. Support for this show comes from Nordstrom. Summer's here, and Nordstrom has everything you need for your best dress season ever. From beach days and weddings to weekend getaways and your everyday wardrobe. Discover stylish options under $100 from tons of your favorite brands like Mango Skims, Princess Polly and Madewell. It's easy, too, with free shipping and free returns in store order, pickup and more. Shop today in stores online@nordstrom.com or download the Nordstrom app.
Tyler Cameron
Thank you for having me from Was It. Heartthrob to handyman. That's the first one I heard. I like that you like that tagline. That's good. That's really good. Yeah.
Vivian Tu
So I'm super excited to dive into our convo. Before we kick off, I want you to tell me everything that I am doing wrong in my renovation.
Tyler Cameron
Well, you're living through it. That's the first part.
Vivian Tu
Oh, really?
Tyler Cameron
It's so hard living through a home renovation. Like, I've been doing mine for the past year and a half and for a lot. We probably took three months where we were, like, we can't live here anymore. Let's just rip the band aid and get out of here.
Vivian Tu
Oh, so you, like, stayed at, like, an Airbnb, Like a hotel?
Tyler Cameron
My girlfriend at the time, she had an apartment, so we moved into her apartment. But, I mean, that's a luxury that not everyone can have.
Vivian Tu
Right?
Tyler Cameron
And, I mean, it's just everything is magnified, and it seems longer and it seems worse when you're living in it.
Vivian Tu
Yeah.
Tyler Cameron
You know, so. So when you're living through a renovation, it is awful. But no, I'm. I was making a joke. Like, you know, living through it is fine, but, like, it's. It's expensive. It seems like it's taking long because you're seeing it every day. You're not seeing. You're not seeing things change, you know, and it also make you go a little stir crazy, which I've reached the point of going crazy in my house. I'm like, I need a new project. I can't sit in here. I can't do another thing in this house. It's costing me too much money. It's. It's taking too much time.
Vivian Tu
Yeah.
Tyler Cameron
I'm losing my mind.
Vivian Tu
Yeah. How'd you even get into this space? Because I feel like most people know you from reality tv at first.
Tyler Cameron
Yeah. So I grew up around it my whole life. My dad was a builder, so my whole life was spent either on the football field or on his job sites. And what I always get so mad at my dad for is he didn't teach me any skills. My dad's a none. My dad's a finger pointer. You know, he can talk.
Vivian Tu
You didn't have to hold a flashlight.
Tyler Cameron
No, I mean, you know, I had to sweep the floors and do stuff like that, but, like. And that's. I hated that stuff. I'm like, let me learn how to do some carpentry. Let me learn some. Some real handy skills. My girlfriend is much more handy than I am because she, her mom, like, is a DIYer. She figured it all out. She, she moves plumbing in her own house. She likes, she gets it done. And Tate has that same mentality where I'm like, I got the, the finger pointer mentality.
Vivian Tu
You know, you're just like, oh, I can hire a contractor.
Tyler Cameron
Hire the guy. Yeah.
Vivian Tu
What is the hardest renovation or construction project that you've either done for yourself or for money for someone else?
Tyler Cameron
The harder the products all depends on the client. Sometimes you just have a client that makes your life miserable. And that's with any type of job that you do. Like, you know, I, I'm in Airbnbs and short term rentals now. And yeah, I have some guests that are just the absolute worst. And that just comes with any time you own a business, you know. Yeah. So it's probably 10 of the people you work with are just going to make your life miserable and you get to realize, is this going to be worth the other 90% of it? And I've had a client that, you know, one still hasn't paid me. You know, I have a client that.
Vivian Tu
How much do they owe you?
Tyler Cameron
Like, 40 to 60.
Vivian Tu
Wow.
Tyler Cameron
You know, and so it's tough, you know, and, and, but like, also the client, like, we had deadlines we had to meet and they couldn't make decisions and it just prolonged the process so much. And like, every time I got a call from, they would just ruin my day, you know, it was. And it sucks. But that's just part of the business. And it made me realize that I don't really don't work for a lot of clients. You have to be very picky and choose who you want to work with. I think it's kind of changed my route on how I want to do things. I want to either build spec homes or I want to develop my own rentals and do stuff like that. I don't really want to lean in and try and do home renos or work for people because it's just you're. Then you're out there beck and call and it's. You can't really be the creative you want to be and you gotta, you know, do everything they want and it's just, it's tough.
Vivian Tu
Yeah. How'd you, like, decide you wanted to get into the short term rental game? Because you know that people on social media are always like, yeah, all you have to do is get a small business known and then you can have an Airbnb. It's like so annoying.
Tyler Cameron
It's, it's it's so annoying. And it's like, I feel like it's like the, I don't know, like the, the meme coin, literally.
Vivian Tu
Yes. Get rich quick.
Tyler Cameron
Yeah, get rich quick scheme. But the, the thing is, is that, you know, the, in real estate, they have the 1% rule. That, that rule, which is basically what, what you owe the prop. Own the property for. So say you bought the property for a million dollars.
Vivian Tu
Okay.
Tyler Cameron
1% says you should get 1% rent. You know what I mean? But those numbers.
Vivian Tu
Oh, so $10,000.
Tyler Cameron
So $10,000 would be your rent.
Vivian Tu
Okay.
Tyler Cameron
Those numbers don't exist.
Vivian Tu
Okay.
Tyler Cameron
You know, like, you can't buy a 300, 000 property. Expect $3,000 for someone. The rent doesn't match that anymore. Okay. Prices are too high and rent's not high enough. So the only way to make owning rentals work is, you know, a lot of times it's short term, unless you own it way before and you got good numbers on it and whatever. But for a new investor to come in, it's very hard to find the 1% rule. And the way I've been able to find it is through short term rentals. And I'm well over 1% doing that.
Vivian Tu
Yeah. Were you ever worried that, like, there were going to be months where you just like, weren't going to be able to cover your mortgage or like.
Tyler Cameron
Oh, yeah, for sure. Like when I first started this out and I was like listening to like, I was like, just praying, hoping we get a booking, you know, it started out very slow and then it's so funny, I call this one of these guys who's like, follow my Airbnb, you know what I mean? And like, he like, and he's like, yeah, just call this guy, he lives in India, he'll do your pricing algorithm. And ever since I did that, my bookings went from like 55% to now I'm at like 90%.
Vivian Tu
Wait, so the guy in India, actually, he was legit worth the money?
Tyler Cameron
He was? Yeah. 70 bucks.
Vivian Tu
Yeah, 70 bucks.
Tyler Cameron
Yeah, he was great. He comes in half hour, changes your whole pricing algorithm. And then I was cooking.
Vivian Tu
Wait, I need to know what happened in that 30 minutes.
Tyler Cameron
Yeah, well, he just comes in. He, like, he starts saying all these, you know, phrases and, and just talking all this, like, terminology and hitting buttons and clicking numbers and things I would have never known to click, you know? Yeah, because it's, it's all like, it's all pricing. A lot of people you see on short term rentals they'll have like one number, 700 a night.
Vivian Tu
Yeah.
Tyler Cameron
It'll run for 365 days of $7 a night. But, like, you need pricing that peaks in the seasons that. That goes down during, you know, non season. And then also, like, they call it orphan nights. Like, say you have a booking and then a day in between and another booking. Like, it'll make that price cheaper so you get it booked. You know what I mean? It's just like all these things that I would never think of that he's mastered and is able to do. So paying that 70 bucks every time I get into a property has made such a big difference.
Vivian Tu
How many properties do you have now?
Tyler Cameron
So I'm at four right now.
Vivian Tu
Four?
Tyler Cameron
Yeah.
Vivian Tu
Where are they?
Tyler Cameron
And this is my second year doing it. They're all in Jupiter.
Vivian Tu
Okay. Hometown hero.
Tyler Cameron
Hometown hero. I'm trying. We're building two more from the ground up right now. So that's like, we'll be at anywhere from six to seven by the end of the year.
Vivian Tu
Okay.
Tyler Cameron
So the goal is to kind of get to around 10, I think, in my town. But then I think I kind of like start cannibalizing myself. And I kind of want to cap it there. But right now I was like. I did, too. Was very pleased with it. And then I was like, all right, let's jump in and do two more, see how that goes and see if I can take, you know, because I'm managing these properties. Like, that's part of the problem, too, is I'm over there cleaning the pools when people complain. Like, I'm doing all, like, the little stuff, which I do enjoy. I love, like, solving problems for people, making people happy.
Vivian Tu
People pleaser.
Tyler Cameron
Yeah. And then when I, you know, I'm taking my shirt off and cleaning the pool, they don't mind. I'm just kidding. I haven't done that yet. But, you know, it's been. I've. I've learned that I love hospitality. I love being a people. People pleaser. I've been that my whole life. I feel like. So now it's like, kind of making a business out of it.
Vivian Tu
Yeah. I mean, how are you funding all of this? Especially at the beginning? Like, where'd you get the money?
Tyler Cameron
So honestly, what I've been doing is taking the money I made in entertainment and just funneling into real estate. And it's brought me, you know, I've been able to buy land, build houses, sell houses. I've been able to buy these rentals, remodel them, renovate Them. And so it's been, it's been great. I've been just taking that and funneling it over to real estate.
Vivian Tu
How did you know that real estate was going to be the right move to funnel your entertainment proceeds? Because, you know, a lot of people who come from that world end up spending all their money on designer clothes and cars, and in 10 years they have nothing to show for it. But like, real estate's a pretty savvy thing to do.
Tyler Cameron
Yeah, no, I mean, I've always enjoyed real estate because, I mean, my dad was a builder, my mom was a real estate agent. It's always been a part of our life and it's something that I understand. And so I, you know, I think people are always like, you need to invest in this and diversify in this. You need to invest in stuff that you know as well. And I think if you know real estate and you know that you can get things done for cheaper and you can kind of create an edge on the people around you doing the same thing, like, take advantage of it. You know, for instance, like the real estate stuff, I'm able to go in, I'm able to find a house, I create a vision for it, renovate it. And it's crazy that no one really does that great of a job designing the short term rentals. And so you make cool little bathrooms and make them a little bit funky and you buy furniture that's clean and matches and, and, and, and, and looks good. People go nuts for it. I'm like, you guys really like this property the best. I, I spent the cheapest amount of money this one, but, but like, little things go a long ways. And so I've been like, being able to find that edge is like, okay, well my investments are working here. I'm getting a better return than I probably would if I just put it in the stock market. Because I'm always like, I always catch myself because I'm always tell my advisor, I'm like, oh, we should buy some this stock right now. Yeah, and then it'll go up for like a little bit, then it'll crash. I've done it like seven times. So like, I'm like, you know, I'm a stick to my lane of what I know and I'll just buy real estate.
Vivian Tu
It sounds like you learned your lesson though, after the seventh time.
Tyler Cameron
Yeah, yeah, exactly.
Vivian Tu
Do you have someone who's helping you manage your investments outside of real estate? Like you mentioned the stock situation. Like, have you learned yet that we should be investing in index Funds instead of trying to cherry pick.
Tyler Cameron
Yeah, exactly. So I'm, I have people that are helping me with that right now, so that's been a blessing. But they also have like mentors.
Vivian Tu
Yeah.
Tyler Cameron
That, you know, they always give me their perspective. And I have a. I have an 80 year old mentor who's been my mentor since college.
Vivian Tu
How'd you find it was a professor.
Tyler Cameron
He was. No, he was a big donor for the football team.
Vivian Tu
Okay.
Tyler Cameron
And he works in construction and real estate. And he went, I was sitting next to my head coach and he goes, hey, Charlie, talking to the head coach. He goes, charlie, I would really love to mentor someone in construction one of these days. And I was like, sir, I'm right here. You know what I mean? And ever since then, we would just meet like bi monthly and we'd have like breakfasts and lunches and that was in college. And he's kind of seen me do all the things I do now. And then he's so proud that I've come back and done it in real estate and kind of stuck to it. And, you know, I met with him two weeks ago and he's, you know, you know, Tom, I bring, I drive down to Boca and I think about all the issues that I have or all my worries and thoughts and, and then I tell them to him. And then on the way back I'm just, okay, how can I implement this? How can I implement that? And having people like that in your life is so important.
Vivian Tu
I think mentorship is like so, so key. I mean, it's literally a cheat code. Right. Like these people have literally fallen into these potholes and they're going to tell you how to swerve.
Tyler Cameron
So. So he gave me one investment strategy. I want to throw it at you and tell me what you think of it.
Vivian Tu
Okay.
Tyler Cameron
Because he, I mean, he's crushed it with this strategy.
Vivian Tu
Yeah.
Tyler Cameron
So his theory, because he looked at my investment portfolio with all my stocks and index funds, all these things, he was, tyler, this is great. But if, you know, you're basically playing not to lose. Yeah, but you're not playing to win.
Vivian Tu
Okay?
Tyler Cameron
He goes, if I were to go bet on the. Who's going to win the MVP for the NFL this year, would I bet on five quarterbacks or would I bet on 30 quarterbacks? And he's like, right now you're betting on 30 quarterbacks hoping to win. He goes, but if you're bet, if you bet maybe 2, 3, 4 or 5, then you'll get some really big returns. You may lose. Sometimes just. But you can pick the winners. Usually you can pick the Patrick Mahomes, the Josh Allens, the Lamar Jackson's. You're not going to end up picking the two was. Or the, you know, the big, you know, Baker Mayfield's having a great year now. But like, but like those guys, you know what I mean? And so he's like, he's like, you're not going to like these, you know, these portfolio managers are putting you and diversifying you all over the place because they want to lose their ass. Yeah, they want, they want to see you go up a little bit here and there. He's like, I'm invested in, I'm 80 years old. I've been invested in 30 stocks my whole life. And he's like. And I've crushed it. And he shows me the return. I'm like, holy cow.
Vivian Tu
Okay, so here's my take. Because you're young. I don't disagree with what he's saying. I think you can probably afford to be a little bit more aggressive than say my mom or dad could like you. And I can afford to be very aggressive in our investment strategy. Picking 30 cherry pick stocks, though, is still not my vibe. What I would say is if you are trying to focus on a little bit more growth, taking on a little bit more risk, you can buy into a growth fund, something that's a little bit, maybe more small cap, mid cap versus large cap stocks. So instead of focusing on value, you're focusing on growth. And that's going to let you be more aggressive. But there are going to be years that you underperform and you have to be okay with that.
Tyler Cameron
Yep.
Vivian Tu
But I think you're very young. You're, it seems very healthy. Have a long ways to go before official retirement age. Like, I think you can afford to be a little spicier than the average 40, 50, 60 year old for sure.
Tyler Cameron
Okay.
Vivian Tu
Yeah.
Tyler Cameron
All right.
Vivian Tu
Yeah, so she's not wrong.
Tyler Cameron
All right, good.
Vivian Tu
But again, take it with a grain of salt. I feel like back in his day, you could have thrown a dart at a board and everything went up.
Tyler Cameron
Everything. Yeah, everything for sure.
Vivian Tu
Okay, so I want to take a quick little pivot before we get into your newest show, Going Home with Tyler Cameron. You first graced America's TV screens on the Bachelorette and you ended up as runner up. Did you have a backup plan if you didn't win, which you didn't, or make it far enough into the show? Like, what was your next move post?
Tyler Cameron
Yeah, I mean, the whole reason to Go on the show, first of all, was just to go experience something different. I was a bum at home. Like, I was literally living at my mom's house, working in construction, making like 200 bucks a week. I was finishing up my MBA and getting my GC license. So I was just like, I saw an ad for something and I was like, this could be funny, you know, to my buddies. And it kind of just snowballed from there, and I had no expectations, like, I was going to go for an adventure and drink beer and talk to a girl. And that was all I planned on, you know, and then it just blew up and it was crazy. And, well, I was like, well, let's make it into something, you know, for here. And. And then I always wanted to get back to Jupiter eventually and do construction. Like, that was still, like, my passion. And so I was like, well, let's find a way to build a show out of it. And that's how we got to going home with Tyler.
Vivian Tu
Oh, so, like, you were in fact there for the right reasons? Yeah, people hate to say exactly.
Tyler Cameron
I mean, I'll just. Exactly. I was there. I never anticipated. I really, you know, didn't know about, like, the brand deals or anything like that, what you can make from social media. I just knew that there was a pretty girl on the other end of this and there was a adventure.
Vivian Tu
You're a guy who likes to win.
Tyler Cameron
I like, oh, yeah, a guy likes to win. There's an adventure. I get to travel all over the world and. And drink beer and hang out. And I was like, sign me up.
Vivian Tu
Yeah, you know, seems good.
Tyler Cameron
Exactly.
Vivian Tu
And you talk pretty candidly about, like, your money history and your dating history. Even though TV dating didn't work for you, you did eventually end up on a date with Gigi Hadid. I mean, please. Supermodel.
Tyler Cameron
Yep.
Vivian Tu
At that time, you shared that you'd only had $200 to your name.
Tyler Cameron
Yeah, I was definitely out kicking my coverage there. Yeah.
Vivian Tu
Like, what was, you know, that, like, being in the public eye where everybody thinks everyone on TV and everyone in the magazines is super rich. But, like, being in that position financially. Summer's here, and Nordstrom has everything you need for your best dress season ever, from beach days and weddings to weekend getaways. In your everyday wardrobe, discover stylish options under $100 from tons of your favorite brands like Mango Skims, Princess Polly and Madewell. It's easy, too, with free shipping and free returns in store order pickup and more. Shop today in stores online@nordstrom.com or download the Nordstrom app.
Tyler Cameron
Yeah. What's interesting is when you get off the show you're on, you basically can't make any money. You have this following.
Vivian Tu
But wait, why?
Tyler Cameron
Because you're under contract and they, they do it so they avoid people going on there to make a bunch of money and do this stuff, you know. The right reason. Exactly. So I'm over here like living on a living, living a dream, but living on a prayer, you know. Like I'm living at my buddy Matt's apartment. He's got a bunk bed. I'm living on his bean bag underneath him. And like, it's just, it was just I'm like living there for free, you know. There's two other people living in the apartment. They're complaining about me and like, but like coolest time of my life, you know. And, and yeah, and we, you know, we were dating and you know, I was like my, my mom, my dad, ever since I was a little kid would always make sure I had enough money to take care of my date, you know. And you always take care of your date.
Vivian Tu
Wait, tell me about that. Yeah, like you come from a family who's just like, the gentleman pays, the gentleman pays.
Tyler Cameron
The gentleman takes care, you know. And my dad always took care of my mom, you know, and, and my mom always like, you take care of your woman. And, and so that's like, hey, if I got 200 bucks, that 200 bucks is going to use, you know what I mean? And so that's, you know, and that's how I rolled and that's how I still, I believe like, you know, a gentleman should take care of his woman.
Vivian Tu
And did you ever feel like you had to pick certain dates so that you could afford it?
Tyler Cameron
I wasn't really picking the dates. I was right. I didn't know where I was in New York City. I was like, so I don't, you know, I was like, still so new. So I was just like, so where are we going tonight? You know?
Vivian Tu
Yeah.
Tyler Cameron
And she, she had all the cool spots. So.
Vivian Tu
Yeah. Amazing. And so let's talk a little bit more about your dating life now. You have a serious long term girlfriend. You guys are living together, you're renovating your home together. Talk to me about your guys finances. How do you split them? How do you manage them?
Tyler Cameron
The way we do it is basically right now I'm kind of covering everything. And she. Because she got you. She got me. So she basically how we met, we were, started working together, you know what I mean? And and it's terrible to say, but I was her employer, so. Yeah, you know, I was, like, writing her checks. And then it got to the point where I was like. She was. We were working together. Like, we love working together. That's like, probably like, the greatest thing about us is, like, we love working together. We love being with each other. Like.
Vivian Tu
Yeah.
Tyler Cameron
And, like, we don't really argue about stuff. We get. Maybe we disagree on certain things, but, like, our work environment.
Vivian Tu
Different backsplash.
Tyler Cameron
Yeah, exactly. Exactly. And our work environment is great. And then sometimes it trickles over until, like, you know, into, like, us laying in bed still talking about work at, like, 10 o' clock at night, which is like, We've gotten better at balancing. Yeah.
Vivian Tu
Yeah.
Tyler Cameron
So we've had to learn how to adjust that. But I fired her. I said, tate, you are done. No, she. We ended up hiring some. Hiring her sister, brought her sister on to kind of fill Tate's role as, like, kind of like executive assistant.
Vivian Tu
Yeah.
Tyler Cameron
And I was like, tate, I was like, you're a star. I need you to, like, you're so good at design. You're so good at diy you have great style. You're hilarious. Like, you people love you on social media. I want you to focus on that.
Vivian Tu
Okay.
Tyler Cameron
I'll take care of everything we got going on right now, and you just focus on growing that, you know, like, building a brand, building who. Tate is all this stuff because that's so important now. And she's been doing that, and she's been running with it, and. And she's made. She's starting to crush it now. And I'm, like, so happy for her and so thrilled for her. And, you know, I still, you know, I want that money that she's making. I want her to put it away, save it, invest, because she's never. I will say this about her. She'll probably yell at me, but, like, she's never crushed it making money. You know what I mean? She's always like. She was a retailer at Macy's. She was always just making enough to survive and get fired. And she. But she always, like, what I love about her, she's so resourceful. Like, you know, she. And she works so hard because of that, you know, and she came. She's one of six kids, you know, and she just, like, had to find her own way. She's been doing that her whole time. And she's lived many lives. She lived in L. A. She's. She lives. You know, she lives in Texas, like, being a horse therapist. Like, she always just hustled and found her way. And, And I just, like, I see so much ability and talent and skill in her. I'm like, now you just need to focus on yourself. And so she's been doing that. She's been doing great at it, and I just can't wait for more of her to come out, and I think she'll be so successful.
Vivian Tu
I love that you just spent the past minute, like, gushing about your partner. I think that's really, really healthy.
Tyler Cameron
Yeah.
Vivian Tu
But also the fact that you were covering your guys's expenses and you told her, like, put that money away, like, save it for a rainy day. I genuinely think people underestimate and, like, don't underappreciate, like, how loving of a thing that is to do, because you should want your partner to be financially stable on their own.
Tyler Cameron
Yep. Yeah.
Vivian Tu
It shouldn't be, like, a control thing.
Tyler Cameron
No, exactly. I, I, you know, I want her, like, I get so excited when I see, like, her deals come through or something comes through because it's like, one, like, she's finally reaping the rewards of all the hard work that she's put in. But two, it's like she gets a chance to see, like, kind of be comfortable for, for once, which she has worked so hard and has just. But so humble about it and so much humility about it all. And I'm just like, keep going, keep going, keep going. And I just want to keep fueling her fire because I think, you know, it's, it's, it's. It's great to read the rewards of all the work you put in. I remember, like, the day she got her first deal in this whole social media thing. She was very upset the day before, and she was, like, in tears, and she was talking about, all I do is work, work, work, work, work. And I just run around, run around, run around. I never feel like I see the other end of it. I never see any benefit of it. And then the next day, she got, like, a huge deal and, and she was so happy and so thrilled. And it's just like, you know, you just got to keep working hard, keep tapping the rock. And honestly, like, social media and what this world is now, like, you don't stop running. I haven't stopped running for five years.
Vivian Tu
You know, hamster wheel.
Tyler Cameron
I was like, telling her, you just gotta keep going. And, and then, you know, hopefully you hit your freedom number and you can relax and chill and then, and then, like, that's the goal, you know, and, and that's why I try to tell her. I'm like, it sucks right now, and it seems like we'll. We're always treading water.
Vivian Tu
Yeah.
Tyler Cameron
But there'll be a time we'll be able to get to the other end of it, and it'll be worth it.
Vivian Tu
Can I ask you, what is your fu number?
Tyler Cameron
20 million.
Vivian Tu
20 million. That's. I think that's a completely fair, very conservative number.
Tyler Cameron
Yeah. I feel like I can live very.
Vivian Tu
Like, off of the interest.
Tyler Cameron
Off the interest of that. Yeah.
Vivian Tu
Yeah.
Tyler Cameron
So, yeah, I think that would be. And then I can coach high school football and be a happy, happy dad.
Vivian Tu
Is that the dream?
Tyler Cameron
That's the dream is just get that number, live off the interest. Coach high school football.
Vivian Tu
I feel like you would be, like, an annoying, like, high school football coach, though, because if I was your son, you would be extra hard on me.
Tyler Cameron
Oh, yeah, for sure.
Vivian Tu
That sucks for sure for your son.
Tyler Cameron
Yeah. But. Because if you're my son, I'm expecting you to be a leader.
Vivian Tu
Oh, my God.
Tyler Cameron
And you need to get the lecture.
Vivian Tu
In the car ride home.
Tyler Cameron
Oh, yeah. Oh, yeah. It's coming. But it's going to because, like, I. I love sports. I love the building blocks and discipline it creates. And the lectures aren't going to come from if you're not doing the right thing.
Vivian Tu
Okay.
Tyler Cameron
You know, the lectures aren't going to come from if you didn't score enough points or do that. But if. If you're not being disciplined, if you're not working hard enough, that's where the lectures come from. I think that's what it takes. And. And so, yeah, I can't wait for that.
Vivian Tu
Yeah. And you talked about Tate, like, finally starting to really get her footing under her and, like, feeling confident about her finances. What was the first time you felt financially stable?
Tyler Cameron
To be honest, I think I'm in a good place now. I don't ever feel comfortable.
Vivian Tu
Why?
Tyler Cameron
I think it's fear of. So my. My father, I lived through a financial crisis and lost everything with my. My family. And we lost not only, you know, all of our money, but we lost our family. 08. My dad was doing really well right before. Oh, wait.
Vivian Tu
Yeah.
Tyler Cameron
And, you know, he was the housing crisis, and he was a builder, and he was like, Tyler, I was one more year away from really setting myself up for the rest of my life, and I was done. I was good, and everyone would have been good. And he had one big development project he was going for, and then the bottom fell out and we lost Our house on the water that we were living in. And if I talk about the numbers of that, it just makes you sick. And so, and then we moved back to our original house that I actually just remodeled on the show. Like our original family home that way back in the day. And we lived there all in his tight and like it just caused so much strain in the family. And then parents split, you know, everything. And so there, my parents gave us everything still, even when we, they had nothing at that point, again, they gave us everything, you know, and if it was 20 bucks to take our girlfriend, you know, to, to the movie theater, that's what it was. They would, they would do it, you know. But now since that happened, I always live with that fear of will the bottom fall?
Vivian Tu
Yeah.
Tyler Cameron
Will there be something to happen to cause these properties not to work anymore? So like I have those fears and I think that's why I think I'm never comfortable. But my mentor spoke to me recently because I was expressing these fears to him. He goes, well, developer101, you should always own your home flat out. He goes, that way you can sleep at night if it all goes to shit around you. At least you got a home and you're good.
Vivian Tu
A roof over your head.
Tyler Cameron
Roof over your head. You can keep, you can keep rolling dice. He goes, but if you're out leveraged and you, you have to pay a mortgage on your home and you know, you're doing all these things and all of it goes to crap, then you gotta really worry, you know. So that was like, okay, good advice. That's my goal for this year is to, to pay off my home and be, be done. I'm not like a, a spender on like luxury stuff. Yeah, I did just buy my girlfriend a car.
Vivian Tu
But I mean, not a spender on luxury stuff though. But the girlfriend's a luxury.
Tyler Cameron
Yeah. So. Yeah, so. But it was like we got in a car crash in December.
Vivian Tu
I don't think I knew that.
Tyler Cameron
Yeah, we got in a car. I haven't posted anything about it yet. We got a car crash in December.
Vivian Tu
Well, I'm glad that you're both okay.
Tyler Cameron
Yeah, well, she was in my truck and she, and she got T boned and she drives like this little beat up Ford Escape and, and I was telling, and she said she was about to hop in her car and then she realized she had to go pick up like rugs and supplies for one of the Airbnb. So she switched and jumped in my truck. And that was a blessing because she got t boned by a car going like 50, 60 miles an hour. And my truck just ate. It didn't even move an inch.
Vivian Tu
Yeah.
Tyler Cameron
You know, and then her car or the other car, like, flattened. It was another truck.
Vivian Tu
Yeah.
Tyler Cameron
And they were in that Ford Escape. It would have been bad. Bad like her sister was in the passenger seat. Could have been very, very bad. And so after that, I was like, everyone, like, we're putting you in big cars only.
Vivian Tu
Yeah.
Tyler Cameron
I'm taking care of this. Like, I don't want anything to ever happen to you. So that was my only luxury purchase.
Vivian Tu
I don't think that's a luxury at all. I think that is frankly even just a necessity for your, like, peace of mind. I talk about this all the time that, like, everyone thinks that being rich is like the lime green Lamborghini and like the new Dior bag. But like, real luxury is knowing that money is not a factor in your decision making and that you can do what you need to do to protect things that are most important in your life.
Tyler Cameron
Yeah.
Vivian Tu
And for the most part, they're not things, they're people.
Tyler Cameron
That is a luxury. I think that's. That's a great way to put it. You know, I think that's kind of how I live, I guess, in luxury. I don't really live, like, to be flashy.
Vivian Tu
Yeah.
Tyler Cameron
I lived, you know, I drive a beat up old boat that I've had for like 10 years.
Vivian Tu
Yeah.
Tyler Cameron
You know, like, I. My boys are all like, tyler, you always come on this boat hoping it turns on.
Vivian Tu
Yeah.
Tyler Cameron
Like, you make enough money to go buy a nice boat. I'm like, yeah, but there's something about it, you know, And I just like.
Vivian Tu
Because I don't need character.
Tyler Cameron
Yeah. I don't need. I just need to go put around and drink beer, hang on the boat, and that's it, you know, but it's, it's. Yeah. Luxury has never been, for me flashy. It's always been, you know, like comfort.
Vivian Tu
Yeah. I don't know if you're even allowed to answer this, but your first foray into reality tv, did you actually make any money being on tv?
Tyler Cameron
No. And when you're the lead, you do.
Vivian Tu
Oh. So like when you are actually the Bachelor or the Bachelorette, you get paid for that.
Tyler Cameron
Yes.
Vivian Tu
But the other, like 24 contestants get nothing.
Tyler Cameron
No. So. And a lot of people, like, have to leave their jobs if. Because some people's like, jobs like. No. Like, I'm not going to let you take off for two months.
Vivian Tu
Yeah.
Tyler Cameron
You know, so I Didn't. I was making 200 bucks a week. I was like, I'm. I'm out. Yeah.
Vivian Tu
My opportunity cost is nothing.
Tyler Cameron
Yeah, exactly. I got a suit out of it. I remember they gave me a suit for my free suit for my. For my proposal. So that was nice. But, yeah, no, there was no payment, nothing like that.
Vivian Tu
The only thing that you had to give up for the suit was just, you know, rejection on rejection in front of national television.
Tyler Cameron
So got the suit.
Vivian Tu
Yeah. Do you still have the suit?
Tyler Cameron
I think I do. I think I do. It was a Brooks Brothers suit. I think my brother has it somewhere.
Vivian Tu
I love that.
Tyler Cameron
Yeah.
Vivian Tu
That's a nice way to commemorate your time on tv. So let's talk a little bit about your new show, Going Home with Tyler Cameron. What made you want to put this on tv? Like, there are so many home renovation shows. Like, what was going to make this one special?
Tyler Cameron
Yeah. No. Well, I think Jupiter's a gem. Like, where I live, my hometown is just the most beautiful place. I think I bring a fun, different group of people to screen, and you'll see it's a great time and it's a beautiful place. And one of the main characters is just the setting of Jupiter. It's just stunning. But you get to see.
Vivian Tu
It's like a sleepy beach town, isn't it?
Tyler Cameron
It is, it is. I'm trying to change that sleepy part of it, but I think what you see from my show is a lot of heart, which we. We. There's a lot of humor in it, but when I watched it back, I'm like, damn. There was so much heart to it. And a lot of it has to do with the backstory of losing my mom and renovating her home, which was, like, my childhood home that we grew up in. So that was a, you know, a big part of it. And, you know, everyone calls me, and after watching episode eight, they're all like, man, I can't believe I'm in tears and all this stuff. But it's. It's. It's a great show.
Vivian Tu
Yeah, I love that so much, and I love that it has that, like, character and tie back to your hometown. When you were thinking of doing this show, was it more of a passion project, or were you hoping to get paid for making it?
Tyler Cameron
Passion project?
Vivian Tu
Yeah.
Tyler Cameron
Yeah, it was definitely, like, something that, like, I want to grow in construction, and I want to grow in real estate, so why not bring cameras around it and make it bigger?
Vivian Tu
Yeah.
Tyler Cameron
You know, so it's definitely a passion project. And. And for the Amount of work and time and effort that goes into a home rental. Home rental shows are a beast.
Vivian Tu
I know. I was just going to say you actually have to do the reno.
Tyler Cameron
You actually have to do the renos, which takes. You got to be on camera, you got to have energy, you know, like it's. I, I was working like from 6am till 9pm every day and it was just wearing me out. But like, it was what we loved doing and it was fun. And if, when you're around the crew and the cast and everyone, it was, it was a ball, you know, and when, by the time the show got done filming, we were all like in a circle telling everyone, everyone's in tears, telling them how much we love you. That's cast and crew behind the scenes. Like it was, it was an amazing experience.
Vivian Tu
I love that. And I want to go into a little bit of the me asking you questions for my selfish purposes.
Tyler Cameron
You got it.
Vivian Tu
What is the biggest piece of advice you have for someone who's actually thinking about doing a renovation?
Tyler Cameron
Yeah, do, do renovations. Two, two, two ways to take this. First one is, if you're going to renovate your home, why are you doing it? Are you doing it to make money? Are you doing it to like, are you trying to get the most value out of your home down the road? If so, then I'd focus on your kitchen, I'd focus on your bathrooms. Those are why, Those are the sellers. So when, when, if you have an updated kitchen and you have updated bathroom, those are things that people walk in the door, they're like, ah, I'm in.
Vivian Tu
Love with this kitchen.
Tyler Cameron
I'm gonna buy it. They don't want to walk into a kitchen, be like, I gotta update this kitchen.
Vivian Tu
Oh, there's a white fridge.
Tyler Cameron
Yeah, there's a white fridge. Or you know, it's, it's, you know, these cabinets are old and you know, they're terrible. They're orange, you know.
Vivian Tu
Yeah.
Tyler Cameron
So updating the, the kitchens and the bathrooms are definitely big. Um, but then also I think it's important too to make sure you renovate something for your own piece. You know, like when I just did my house, a big area that I love doing was I did the garage and I made it into this sick, blacked out gym. And it's amazing, it's beautiful. And I also have like a little wellness area outside my bedroom so I, I can have my getaway in my home. Because I think a lot of people don't realize, like when, if you have family of kids or you Have a lot of people staying at your house. You need your own little retreat inside your own home.
Vivian Tu
It looks like a dog, which is.
Tyler Cameron
Supposed to be your retreat. It does look like dog pound in there. It's sick. I love it.
Vivian Tu
That's awesome. And what would you say are areas that people spend their money on in their home that don't pay off?
Tyler Cameron
Yeah, that don't pay off. Well, landscaping for me, because I just. Everything dies.
Vivian Tu
Wait, why?
Tyler Cameron
I'm just. I'm working on my green thumb. I'm so passionate about landscape.
Vivian Tu
You like a killer thumb?
Tyler Cameron
I have the killer thumb, yeah.
Vivian Tu
Okay.
Tyler Cameron
So. But. But things that. That don't really pan, you know, Pan. Well, I think it depends, like, if people. If. If you go super, like, say, like you do a bunch of wall trimming in your house, like Wayne Scotting, all this stuff.
Vivian Tu
Yeah.
Tyler Cameron
I think it can add value. Right. But it can also detect, like this for people from coming to your house and wanting to buy it.
Vivian Tu
Why?
Tyler Cameron
A lot of people want to come into a blank slate when they're buying a home. Some. But if, like, my house, I'm doing. For my personal house, we're going in, we're doing. All the walls have some type of trim on it, some type of wallpaper, some type of coloring. It's going to take a very specific buyer to buy that house. It's going to have to. It's going to have to be someone that really loves a French country cottage home. You know, it's not going to be. It's not your typical Florida house at all. And it's not like it looks like it's a home in the Northeast. So, like, that's a very specific house. I don't know if I'll be able to resell it that well, but I love it.
Vivian Tu
Yeah.
Tyler Cameron
You know what I mean? So I think it's. If you're going to spend money to try and, you know, and you're worried about what's going to be valuable or not. I think it's kitchens. I think it's bathrooms. I think things that don't really help. The value is doing, you know, types of, like, slat walls and all that stuff. Like, I don't think that really gives you much value because it's just trendy. It's going to be cool for a few years.
Vivian Tu
Yeah.
Tyler Cameron
Already the wood slat walls are kind of on their way out. Yeah. And they were so hot the last, like, four years. So I think that right there, unless it's like a very big personal preference, I Think.
Vivian Tu
Yeah.
Tyler Cameron
You know, avoiding that.
Vivian Tu
What would you say about someone who may or may not be painting their office a navy blue? If that is a good idea, and maybe adding soundproof walls?
Tyler Cameron
I.
Vivian Tu
Well, just a friend asking for a friend.
Tyler Cameron
What is it in your bedroom?
Vivian Tu
It's my. It's like a studio. It's like an office studio so that I can record and there's no echo.
Tyler Cameron
Okay. Okay. I was like, my friend. What are you. What's your friend and her husband doing that room? Soundproofing it. No. You know that, right? There is. You're paying for a luxury to.
Vivian Tu
For me.
Tyler Cameron
For you. Because, you know, not everyone's able to put an office or, you know, that's usually someone's room for their kid or something like that, but you're soundproofing it for what you need for your work, so that works for you. When you get the. The. The. The money back down the road, when you sell it, no one's going to care that it's sound proof. Yeah, some people may if it's like a very busy, loud road, like, hey, I sound proof this, you know, But I don't think that's going to be a big seller. It's not going to get someone to buy the house.
Vivian Tu
Okay.
Tyler Cameron
Navy blue room. Fine.
Vivian Tu
I can live with that. Yeah, I can live with that.
Tyler Cameron
I just. I just did one of my rooms. This guy painted the room all red, and I was like, I can't. It's like a red room. It's weird. So I did it. I did like, a dark green room, and it's definitely a little bit more. Yeah, More Zen.
Vivian Tu
Cool. Love that. All right, let's head into a lightning round. You're gonna tell me if you would save on this and do it yourself or spend a professional to do it for you.
Tyler Cameron
Yep.
Vivian Tu
All right. Putting in new flooring.
Tyler Cameron
Get a professional.
Vivian Tu
Okay.
Tyler Cameron
Unless it's LVP or lvt. Luxury vinyl tile. You can do that yourself.
Vivian Tu
Oh, wait, why are they calling it luxury vinyl tile? Isn't it just like the linoleum?
Tyler Cameron
Yeah. What? But it's luxury.
Vivian Tu
Okay, okay. Okay. They renamed it so they can go.
Tyler Cameron
From A$50 to 220. You know what I mean? Per square foot.
Vivian Tu
I see.
Tyler Cameron
But lvt, you can. You can figure that one out by yourself. That one's not hard.
Vivian Tu
It's just like plastic on the ground.
Tyler Cameron
Yeah. And like, all you do, you buy a little underlayment paddle, you lay that down, you get like a. A box cutter, and you can cut it. It's Fine.
Vivian Tu
Okay. All right. Hanging and framing artwork.
Tyler Cameron
Do it yourself.
Vivian Tu
Really?
Tyler Cameron
Yes.
Vivian Tu
Okay.
Tyler Cameron
Yeah, yeah. Come on. It's not hard.
Vivian Tu
Oh, please. Every time I have attempted to find the stud with the stud finder, it has not worked for me.
Tyler Cameron
But you don't always necessarily have to find a stud finder. You can get drywall, a drywall clit, and you can hang it to the drywall. A painting is not going to be that heavy.
Vivian Tu
Okay. All right. Tiling a bathroom floor.
Tyler Cameron
So that one definitely hire a professional. So especially if you're doing, like, your shower, because there's. You have to build a shower pan. You have to have slope. So many times I've been to showers, and they don't slope. Or they slope the wrong way. And.
Vivian Tu
And they don't drain.
Tyler Cameron
And they don't drain. Exactly. And. And then you get mold, you get. You get leaks, you get all that nasty stuff. So definitely hire professional, because that is a major mess up. And then you have to rip it all out, do it all over again. Then you're paying for it twice.
Vivian Tu
Okay. Installing a new sink.
Tyler Cameron
Installing a new sink. My girlfriend could probably do it herself.
Vivian Tu
Yeah.
Tyler Cameron
I probably hire somebody. I'm so, like. Because that stuff, too, is like, I don't want leaks. I don't want.
Vivian Tu
Yeah.
Tyler Cameron
All that stuff. Like, then you ruin your cabinetry. All that. But my girlfriend would probably knock it out.
Vivian Tu
Is she also, like, still, like, a human girl, though? And no matter what type of plumbing you put in, it always ends up with, like, a hairball of her hair.
Tyler Cameron
Oh, yeah. So I have a funny story about this.
Vivian Tu
Okay.
Tyler Cameron
So when we were first living together, we were. You know, we used the same shower.
Vivian Tu
Yeah.
Tyler Cameron
And I had really long hair at this time.
Vivian Tu
Yeah.
Tyler Cameron
And I just kept seeing all this hair piling up in the shower, and I was just. I would just stare at it, and I'm like, I'm really losing my hair.
Vivian Tu
Yeah.
Tyler Cameron
This is all coming to an end for me.
Vivian Tu
Yeah.
Tyler Cameron
Once the hair goes, I go like, my career's done. I'm just, like, sitting here, like, panicking, looking at this hair. And then Tate walks in the bathroom one day. She goes, I'm so sorry about all the hair. It's just like. That's like, my one pet peeve is I can't. Like, hair disgusts me, and I can't pick up my own hair. I was like, oh, thank God it's hers. It's her hair. It's not mine. I'll pick it up. No problem.
Vivian Tu
No problem.
Tyler Cameron
You know? So that was like, A funny, like, first, like, living together moment.
Vivian Tu
Yeah. Your hair still looks good.
Tyler Cameron
Thank you. I still got it. I still got it.
Vivian Tu
Still got it. Still got.
Tyler Cameron
At least I'm hoping I got my dad's jeans and not my mom's side of the family jeans.
Vivian Tu
Nice. Okay. Painting a room.
Tyler Cameron
Do it yourself.
Vivian Tu
I don't know. The contractors were doing a lot when they were. They did, like, a. A special layer in the beginning.
Tyler Cameron
Yeah. Primer. You can buy that.
Vivian Tu
Oh, okay.
Tyler Cameron
Yeah, just roll it on. But, like, didn't you tell me it's taking forever and it's. It's being too long? Like, then you could have probably knocked out in a weekend.
Vivian Tu
No.
Tyler Cameron
Yeah, they were.
Vivian Tu
They're professionals.
Tyler Cameron
If you call me, I have someone come knock it out for you.
Vivian Tu
All right, all right, last one. Very important. Putting together IKEA furniture.
Tyler Cameron
Do it yourself.
Vivian Tu
There are so many steps, Tyler.
Tyler Cameron
There are. That. IKEA is. And these are never a 324 step process.
Vivian Tu
Yes.
Tyler Cameron
And it's a beast. But you could. I mean, I guess you can hire a tax rabbit.
Vivian Tu
Yeah.
Tyler Cameron
But you know what? It goes back to time value. Like, is it worth your. Is it worth your money to sit there and do it or hire a tax rabbit and get it done?
Vivian Tu
So I remember when I moved to New York, I had all of this furniture and I hired taskrabbits to, like, move me in and, like, help me build it. All of it, like, fell apart within, like, the first couple months. And I was like, there must have been some dowels in there that you guys didn't.
Tyler Cameron
Definitely missed. Yeah.
Vivian Tu
That you, like, just didn't put in there.
Tyler Cameron
Oh, yeah. So. And in that. But even in construction at the highest levels, you have to just be on people and over them. And I get so upset sometimes because when I leave town, we'll sometimes keep things going, like, work wise. And then I come back, I'm like, guys, none of this is right. You know? And I'm like, so it's like that just happens in work in construction. You got to be on people.
Vivian Tu
Okay, maybe I should have watched a little bit Closer. I was like, yeah, you guys got it.
Tyler Cameron
Exactly, exactly. But then you're like, I don't know what I'm looking at. You know? So it's okay. That's how you learn.
Vivian Tu
Amazing. Okay, well, first and foremost, thank you so much for being here, but tell everyone where they can find you and where we can watch Going Home with Tyler Cameron.
Tyler Cameron
Yes, I'm on Instagram. Tyler J. Cameron. And then going home is Going Home with Tyler is on Amazon prime, so make sure you check it out.
Vivian Tu
Amazing.
Tyler Cameron
Awesome. Thank you so much.
Vivian Tu
Thanks for tuning into this week's episode of Net Worth and Chill, part of the Vox Media Podcast Network. If you like the episode, make sure to leave a rating and review and subscribe so you never miss an episode. Got a burning financial question that you want covered in a future episode? Write to us via podcastourrichbff.com follow Net Worth and Chillpod on Instagram to stay up to date on all podcast related news and you can follow me at yourrichbff for even more financial know how. See you next week. Bye.
Networth and Chill with Your Rich BFF: Episode Summary
Title: From Real-ity TV to Real Estate: Using your Side Hustle to Fund your Life with Tyler Cameron
Host: Vivian Tu
Guest: Tyler Cameron
Release Date: May 14, 2025
Vivian Tu, known as Your Rich BFF, kicks off the episode with a relatable rant about the challenges of home renovations. Sharing her own struggles with repainting her home office and installing a new toilet, she highlights the hefty costs associated with home upkeep in America, where renovations can range between $20,000 and $89,000[^1^].
Enter Tyler Cameron, a familiar face from reality TV, now transitioning into the real estate sector. Vivian introduces Tyler with enthusiasm, blending humor and admiration for his ability to transform homes efficiently.
Vivian (00:00): "Your first foray into reality TV, did you actually make any money?"
Tyler (00:05): "No."
Tyler candidly shares his financial instability, rooted in his family's experience during the 2008 housing crisis. His father, a builder, lost almost everything, inflicting significant strain on the family dynamic[^2^]. This tumultuous period instilled in Tyler a lasting fear of financial instability, a theme he revisits throughout the conversation.
Vivian reminisces about her husband and her current renovation projects, setting a personal tone before delving deeper into Tyler's background.
Vivian (03:38): "How'd you even get into this space? Most people know you from reality TV at first."
Tyler recounts his upbringing around construction sites, influenced by his builder father and real estate agent mother[^3^]. Despite his family's involvement in the industry, Tyler felt unprepared, criticizing his father's lack of hands-on skills taught at home[^4^].
His journey into reality TV was unplanned—a break from his mundane life of living at his mother's house, working construction for minimal pay, and pursuing an MBA[^5^]. The experience on "The Bachelorette" not only expanded his horizons but also funded his entry into the real estate market[^6^].
Vivian (06:26): "How'd you, like, decide you wanted to get into the short-term rental game?"
Tyler explains the shift to short-term rentals as a strategic move to overcome the limitations of the traditional 1% rule in real estate investment[^7^]. By optimizing pricing algorithms—with a notable boost after hiring a specialist from India for just $70[^8^]—he significantly increased his booking rates from 55% to 90%[^9^].
Currently managing four properties in Jupiter, Tyler plans to expand to six or seven by the end of the year, aiming for a portfolio of ten[^10^]. His hands-on approach extends beyond renovation; he actively engages in pool maintenance and guest relations, embodying his passion for hospitality[^11^].
Tyler (10:21): "I've been taking the money I made in entertainment and just funneling it into real estate."
Tyler's disciplined approach to financial management involves reinvesting earnings from his entertainment ventures into real estate. This strategy has enabled him to purchase, renovate, and rent out properties effectively[^12^]. He contrasts his real estate success with his less fortunate experiences in stock market investments, where he frequently misjudged stock picks[^13^].
Vivian offers investment advice, suggesting a balanced approach with growth funds and acknowledging the importance of mentorship in refining investment strategies[^14^]. Tyler emphasizes the pivotal role of mentors in his financial journey, highlighting an 80-year-old mentor who has guided him since college[^15^].
Tyler (14:01): "If I bet on 2, 3, 4, or 5 quarterbacks, then you'll get some really big returns."
Drawing from his mentor's wisdom, Tyler advocates for focused investments over diversified portfolios. This strategy, akin to selectively betting on top NFL quarterbacks, aims to maximize returns by concentrating on high-potential opportunities[^16^]. Vivian complements this by discussing the merits of aggressive investment strategies for younger investors, balancing growth with risk[^17^].
Vivian transitions the conversation to Tyler's personal life, exploring his relationship with his long-term girlfriend, Tate. They navigate shared financial responsibilities, with Tyler covering most expenses to support Tate's burgeoning social media career[^18^].
Tyler (21:12): "I want her to focus on growing that, you know, building a brand."
Their partnership is marked by mutual support and financial collaboration, as Tyler encourages Tate to save and invest her earnings. This dynamic reflects a healthy, non-controlling approach to shared finances[^19^].
Vivian and Tyler delve into practical renovation advice, offering listeners valuable tips:
Prioritize High-Impact Areas: Focus on kitchens and bathrooms to maximize property value[^20^].
Personal Retreats: Create spaces like gyms or wellness areas for personal comfort[^21^].
Avoid Trendy Upgrades: Elements like wood slat walls may not appeal to future buyers and can limit resale potential[^22^].
In a lightning round, Tyler advises on when to DIY versus hiring professionals:
DIY Projects: Hanging artwork, painting rooms, and assembling IKEA furniture[^23^].
Professional Assistance: Installing sinks, tiling bathroom floors, and new flooring installations[^24^].
These insights are punctuated with Tyler’s humorous anecdotes, making the advice both informative and entertaining[^25^].
Tyler revisits his lingering financial anxieties, stemming from past losses and the fear of future downturns. His mentor's advice—to own his home outright—provides a path toward financial security[^26^].
Tyler (29:06): "My goal for this year is to pay off my home and be done."
He shares a personal story about a car crash in December, underscoring his commitment to prioritizing safety and essential expenses over luxury[^27^]. Vivian reinforces the idea that true luxury lies in financial stability and peace of mind, not material possessions[^28^].
The episode concludes with Tyler discussing his new show, "Going Home with Tyler Cameron," available on Amazon Prime. He highlights the show's heartfelt narrative, spotlighting his journey of renovating his childhood home and honoring his late mother[^29^].
Vivian (33:03): "Tell everyone where they can find you and where we can watch Going Home with Tyler Cameron."
Tyler (45:04): "I'm on Instagram. Tyler J. Cameron. And Going Home is on Amazon Prime."
Vivian wraps up the episode by encouraging listeners to engage with the podcast and stay connected through social media[^30^].
Tyler Cameron (00:08): "I don’t ever feel comfortable. I lived through a financial crisis and my family lost not only all of our money, but we lost our family."
Tyler Cameron (06:44): "It's like a get rich quick scheme."
Tyler Cameron (10:21): "I've been just taking that and funneling it over to real estate."
Vivian Tu (35:21): "What is the biggest piece of advice you have for someone who's actually thinking about doing a renovation?"
Tyler Cameron (25:57): "My goal for this year is to pay off my home and be done."
Strategic Investments: Tyler emphasizes the importance of focused real estate investments over diversified stock portfolios, leveraging personal expertise and mentorship.
Financial Discipline: Reinvesting earnings from side hustles into real estate has been pivotal in Tyler's financial growth.
Healthy Financial Partnerships: Supporting a partner's career while maintaining personal financial stability fosters a balanced relationship.
Practical Renovation Advice: Prioritizing high-impact areas and knowing when to DIY can enhance property value and manage costs effectively.
Importance of Mentorship: Guidance from experienced mentors can significantly influence and refine investment strategies.
True Luxury: Financial security and the ability to protect loved ones are portrayed as genuine forms of luxury, surpassing material wealth.
Connect with Tyler Cameron:
Stay Tuned with Networth and Chill:
[^1^]: Vivian's discussion on the costs of home renovations (02:38-04:00).
[^2^]: Tyler's financial instability post-2008 crisis (00:05-00:38).
[^3^]: Tyler's upbringing and family background (03:59-04:16).
[^4^]: Criticism of his father's lack of hands-on skills (04:05-04:18).
[^5^]: Tyler's life before joining reality TV (16:58-17:14).
[^6^]: Transition from reality TV to real estate (17:38-18:22).
[^7^]: Entering the short-term rental market (06:26-07:08).
[^8^]: Hiring a pricing algorithm specialist from India (07:06-08:14).
[^9^]: Increase in booking rates (08:09-08:43).
[^10^]: Current and future real estate portfolio (09:10-09:28).
[^11^]: Hands-on management of properties (09:28-10:15).
[^12^]: Reinvesting entertainment earnings into real estate (10:21-10:41).
[^13^]: Experiences with stock market investments (12:22-13:14).
[^14^]: Vivian's investment strategy advice (15:25-16:11).
[^15^]: Role of mentors in Tyler's journey (12:37-13:47).
[^16^]: Mentor's investment strategy analogy (14:01-15:25).
[^17^]: Vivian's take on aggressive investments for youth (16:11-16:30).
[^18^]: Financial dynamics with girlfriend Tate (21:12-22:32).
[^19^]: Supporting Tate's financial growth (22:32-25:34).
[^20^]: Renovation priorities for maximum value (35:21-35:50).
[^21^]: Creating personal retreat spaces (35:51-36:41).
[^22^]: Avoiding non-resale enhancing renovations (36:42-38:45).
[^23^]: DIY vs. professional renovation tasks (39:07-44:56).
[^24^]: Advice during the lightning round (39:22-44:56).
[^25^]: Humorous anecdotes during DIY tasks (42:14-44:56).
[^26^]: Overcoming financial fears with mentor's advice (27:14-29:06).
[^27^]: Personal safety priorities over luxury purchases (29:33-31:12).
[^28^]: Vivian's perspective on true luxury (31:18-31:03).
[^29^]: Launching of Tyler's new show (33:01-34:24).
[^30^]: Podcast conclusion and call to action (45:04-45:14).