419: Net Worth Of $7.0M - Divorced, Debt-Free, and a RE Mogul: How Chuck E. Cheese Turned Cheddar Into Millions

Millionaires Unveiled

Jace Mattinson

Investing, Millionaire, Financialplanning, Business, Self-improvement, Education, Finance

4.8 • 872 Ratings

🗓️ 21 July 2025

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode, Joseph Shalaby, founder and CEO of e-Mortgage Capital, shares his journey from a challenging upbringing to becoming a leading figure in the mortgage industry. He has a net worth of ~$7 million mostly in RE and his business. He discusses the importance of being debt-free, his experiences during the 2008 financial collapse, and how he rebuilt his career. Joseph emphasizes the significance of hard work, personal growth, and maintaining family values while navigating the complexities of entrepreneurship. He also shares insights on current market trends and his future goals for his business.

Takeaways

*Joseph Shalaby is the founder and CEO of e-Mortgage Capital.
*He emphasizes the importance of being debt-free despite being in the mortgage industry.
*Joseph experienced a foreclosure due to HOA fines, which shaped his financial mindset.
*He started his first mortgage company after being taken advantage of in the industry.
*The 2008 financial collapse forced him to pivot and rebuild his career.
*Joseph launched e-Mortgage Capital in 2015 after working in the loss mitigation sector.
*He aims to grow his company to a billion dollars in revenue per month.
*Joseph values family and instills a strong work ethic in his children.
*He believes in the importance of being an early adopter in business.
*Joseph emphasizes the need to outwork everyone to achieve success.

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Transcript

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0:00.0	No, actually, I have everything paid off.
0:02.9	And the reason for that is because I come from extreme frugal upbringing and, like, really poor upbringing.
0:10.2	So my idea was just to be debt-free.
0:13.8	So I don't like to have to carry debt, even though I'm in the business of debt.
0:17.7	Sounds funny.
0:20.0	Welcome Millionaires and future millionaires.
0:22.9	You're listening to the Millionaires Unveiled Podcast.
0:25.5	The show where you'll hear the stories and interviews of everyday millionaires will
0:29.8	unveil their decisions, their strategies, and their portfolio allocations.
0:35.2	Now to your host, Jace Matanson.
0:40.8	Welcome back to another episode of Millers and Vell podcast.
0:43.3	This is episode number 419.
0:46.0	This is the podcast where we dive deep into the inspiring stories of self-made millionaires
0:50.1	from all walks of life.
0:51.4	We are your host, Jason Stacey, and each week we uncover the strategies,
0:55.1	setbacks, and turning points that led these individuals to financial freedom. Whether you're
0:58.9	just starting out or looking to level up your wealth-building journey, join us as we share the
1:02.9	secrets and wisdom from those who have built their fortunes from the ground up. Get ready to learn,
1:06.7	be inspired, and take actionable steps towards your own success. Listening to the Millionaries Enveiled podcast with my dad, Jace Madden and my mom, Stacy Madden.
1:22.7	Sorry to you all on being a little off with the releases.
1:27.4	We should be all back on track now. Got a little
1:30.4	messed up there, went on vacation to Asia and with the time and everything and release dates
	...

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