4.8 • 872 Ratings
🗓️ 12 August 2019
⏱️ 41 minutes
🧾️ Download transcript
This week's episode highlights Ericka with a current net worth of 1.4M. She is married and has seven rental units, most of which are single family houses (from which she currently makes about 10K a month in passive income). She and her husband have 60% of their net worth in real estate, 25% in equities, 12% in cash, and 3% in other including crypto. Ericka has a motivating story about growing her annual salary from 35K to over six figures, and unveils her journey to millionaire.
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0:00.0 | Like I said, my husband and I are both black Americans and we live in a neighborhood that is a pretty wealthy neighborhood in Atlanta. |
0:07.0 | And so we had a lift driver who was also a black American pick us up. |
0:10.0 | And he was kind of talking about, oh, I pick up millionaires all the time in this |
0:14.5 | neighborhood and talking about they or so like this and they are so like that and |
0:18.9 | this is where they hang out and my husband and I just kind of looked at each other |
0:22.2 | and we're like we're |
0:23.4 | millionaires but nobody including other black people like nobody would look at us |
0:27.4 | and think that we're millionaires and it's it's funny and it's sad at the same time |
0:31.4 | because I think there needs to be more visibility |
0:35.5 | and hope for people to know you can look like us and be wealthy. |
0:39.8 | You're listening to the Millionaires Unvealed Podcast, where you'll hear the stories and interviews of everyday millionaires. |
0:48.0 | We'll unveil their decisions, their strategies, and their current portfolio allocation. |
0:55.0 | Now to your hosts, Clark Sheffield and Jays Mattson. |
1:00.0 | Hello and welcome back to the Millionaires Unveiled Podcast where we tell the stories and strategies |
1:06.2 | of everyday millionaires and unveil their current portfolio allocations. |
1:10.0 | This is episode number 94. |
1:12.7 | On today's show we have a great interview with Erica. |
1:15.1 | She has a current net worth of around $1.2 million. |
1:18.0 | She has a great story and investment allocation which includes making $400,000 on a sale of a New York apartment, a unique real estate investment |
1:25.5 | strategy where she rents furnished spaces out to airline employees, and so just a really great |
1:30.4 | and kind of different story with Erica. |
1:33.0 | Last week on the show we had Looney Doc. |
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