E38: When a Rental Property No Longer Makes Sense

🎙 Episode Summary

After an unplanned month-long break brought on by illness, recovery, and life chaos, Lauryn and Joshua return with one of their most transparent episodes to date. Episode 38 takes listeners deep into what life really looks like behind the scenes when you’re raising four kids, running multiple businesses, and building wealth in a down economy.

Recording late at night—on their 8th wedding anniversary—the couple opens up about:

• hitting true rock bottom financially
• balancing cash-flow crises with long-term wealth
• building a brand-new podcast studio
• launching their upcoming Broke Millionaires Community
• surviving property issues, insurance disasters, title nightmares, and renovations
• parenting in the middle of entrepreneurial chaos
• staying connected as a couple when stress is at its peak

Authentic, vulnerable, and full of real-world lessons—this episode is a raw look at what it takes to build wealth while life keeps life-ing

🔑 Key Takeaways & Highlights

1. A New Professional Studio Is Coming

They’ve been piecing episodes together from couches, patios, and spare rooms—so they’re building a dedicated studio to elevate the show and allow for in-person interviews. The setup has taken time, money, and trial and error, but it's a milestone they’re excited for.

2. Launching the Broke Millionaires Community

They officially announce work on a paid, high-value, tight-knit community, backed by a mastermind they joined to learn the right structure. This community will support everyday families building wealth—just like them.

3. Property Management Matters More Than You Think

They fired (or rather, were fired by) their Texas property manager.
 Before the new manager even onboarded, they:

• renegotiated energy rates
• saved them $6,000/year
• filled vacant units immediately

A powerful reminder: operations can make or break cash flow.

💬 Notable Quotes

• “People assume if you own properties you must have money. That’s not how this works.”
• “We may be broke—but we are millionaires. And we know what we’re doing.”
• “Everything is for sale at the right number.”
• “We’re broke, but with a purpose.”

🧠 Lessons From Episode 38

• Cash flow is temporary; equity and assets compound.
• Creative financing is a survival tool, not a gimmick.
• Property management is a leverage point.
• Community matters—especially when things get hard.
• Building wealth with kids is hard, but they’re learning firsthand.
• Marriage is strengthened through shared struggle and shared vision.
• The entrepreneurial journey isn’t linear—it's cyclical.

📚 Book Mentioned

Habits of the Household – Justin Whitmel Earley
Lauryn shares how this book is reshaping their morning routines and family rhythms. 

🎯 Closing Thoughts

Joshua and Lauryn thank listeners, friends, and their community for the messages, encouragement, and check-ins. They admit they’re not “okay” right now—but they will be. And they’re committed to bringing listeners along for every win, lesson, and challenge.

If the show brings you value, they ask for:

• ⭐️ a rating
• ✍️ a written review
• 📤 sharing the podcast with a friend

Those small actions are what help their mission grow

We are looking for guests that have something helpful to share. If you or someone you know could make a good guest on the show, drop us a line to see if it would be a good fit info@thebrokemillionaires.com