January 5, 2026 • 11 mins
Ready to learn how to cut your mortgage in half and build wealth through strategic investing? In this episode of EYL, Angela Yee shares her personal journey into real estate, revealing how living in a multi-family home slashed her monthly mortgage and became a smart financial move. She breaks down her goal-setting strategies, the importance of financial discipline, and clever ways to maximize credit card points for travel and luxury purchases.
The conversation covers the power of house hacking, overcoming pride to make wise decisions, balancing an intense work schedule, and building successful businesses—from juice bars and coffee shops to a new hair store in Detroit. If you’re looking for practical tips on investing, entrepreneurship, and achieving financial independence, this episode is packed with gems.
Don’t miss the discussion on setting long-term goals, franchising, and self-education for business growth. Subscribe for more insights on personal finance, real estate, and wealth-building!
#HouseHacking #AngelaYee #RealEstateInvesting #EYL #Entrepreneurship #FinancialFreedom #CreditCardPoints #WealthBuilding #InvestSmart #BusinessGrowth #MortgageTips
See omnystudio.com/listener for privacy information.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Earners.
Speaker 2 (00:00):
What's up.
Speaker 1 (00:01):
You ever walk into a small business and everything just
works like the checkout is fast, their seats are digital,
tipping is a breeze, and you're out the door before
the line even builds odds are they're using Square. We
love supporting businesses that run on Square because it just
feels seamless. Whether it's a local coffee shop, a vendor
at a pop up market, or even one of our
(00:23):
merch partners. Square makes it easy for them to take payments,
manage inventory, and run their business with confidence, all from
one simple system. One of the things we love most
is seeing neighborhood businesses level up. Business West Indian spired
writing our community that started with a small takeout counter.
Now with Square, they've been able to expand into a
(00:43):
full sit down restaurant and even started catering events across
the city. That's the kind of growth that aspires us,
and it's powered by Square. Square is built for all
types of businesses, from the corner bagel shop that turned
into a local chain, to the specialty market with that
thousands of unique items, to the stylists who's been holding
you down for years. If you're a business owner or
(01:06):
even just thinking about launching something soon. Square is hands
down one of the best tools out there to help
you start, run and grow. It's not just about payments,
it's about giving you time back so you can focus
on what matters most ready. To see how Square can
transform your business, visit Square dot com backslash go backslash
(01:26):
eyl to learn more that Square dot Com backslash, go
backslash eyl. Don't wait, don't hesitate. Let's Square handle the
back end so you can keep pushing your vision forward.
Speaker 3 (01:38):
I think the best thing to do is to have
a goal, right, like buying a house. To me, I'm
living in this house and it's a two family house,
so that pays half my mortgage, you know, and my
mortgage is less than what my rent would be for
something this sides three bedrooms, you know, two and a
half bathrooms, a full backyard brownstone. And so I think
(01:58):
what you have to do is of what a smart
investment is to you. And if you're living here, you
would have been paying rent somewhere else, and so to me,
that's money you would have been spending anyway. And so
the two family house or a three family house, if
I would have had a three family house. It would
have probably paid the home mortgage. It was just coming
up with that down payment. And so that's why I'm
(02:19):
a big fan of having a goal of financially Every month,
I have a goal of how much I want in
my account for the next move I'm about to make,
so I go really hard to reach it. And I've
been doing really good at that, and so it helps me.
Not because I used to be such a spend I
used to love to shop, like I would be at
the mall literally every week, you know, what can I buy?
What can I get? But when you have goals like
(02:40):
that makes you realize how unimportant that can be, and
not that you can't treat yourself, but it'll be like, Okay,
I've hit this goal, I made this money. I have
an extra fifteen hundred dollars. What am I going to
do with it? You know, let me do something nice
for myself. But I really do things like I'm really
big on using points. I use my MX cars for
every thing, and like, even i have a new house
(03:02):
in Brooklyn that I'm renovating, I'm putting everything on my
MX card so I can get those points and then
I'll be buying furniture with the points that I got
from using my MX card. You know, when I travel,
I always fly on Delta because I have so many
free flights now that I can use, and I get
upgraded all the time because of my status on there.
So I just try to do things that I know
(03:23):
makes sense for me.
Speaker 4 (03:25):
That's something that's extremely important. Shout out to him five
hundreds wise mental style. He has like and all this stuff,
but he was like, he's not buying all this design
and stuff. He spends one hundred thousand dollars a month
on Facebook ads and on his AX cards and he
gets like seven thousand dollars reward points back, So I
seven thousand dollars reward points. He just goes to Nemen
markets and just goes crazy.
Speaker 3 (03:46):
I got my parents lily bag and my first Inel
bag with points on my MX card.
Speaker 4 (03:52):
As though that's a gym Andy, so well it is that. Well,
we got to save that one in That's another that's
but Angela, that's something that's extremely important as far as
house hacking. I don't want people to breeze over that.
Because shout out to empty the mortgage guy. We talked
to him and he always talks about house hacking. House
hacking is like when you live like what she's doing.
(04:12):
She's a two family home. You live on one unit,
you you rent out the other unit, or three family
or four family whatever. So I think it says a
lot when somebody she's famous and she's humble enough to
living in a two family home renting out the other
part because she understands that it makes economic sense. A
lot of us, like some people are struggling day to
(04:34):
day and they got too much prizel like what I'm saying.
So it's like, I don't want that to get missed
in this conversation. Let let alone.
Speaker 1 (04:42):
You couldn't walk in the property before she had it.
Speaker 4 (04:46):
Yeah, I even see it. That's that's a lot to
think about. People think about it. Like I said, she's
not she has to do that, but she understands the
importance of it. And it's like why not.
Speaker 1 (04:56):
Can can we talk about balance? Me with Shall we
go back and forth all the time about balance? He
likes to have life unbalanced, just how he operates. I
like to have balance. I'm listening to you. You're waking
up at four am. Most people can't do that. That's dedication, right,
your Hall of Fame radio career. Right, you have the
real estate portfolio, you got the juice bars. You just said,
you got the coffee shop. People forget that you actually
have a very successful podcast, right lip service. By the way,
(05:18):
we came to your live show.
Speaker 4 (05:20):
We did come to thank you. Great show.
Speaker 1 (05:26):
Davies was there, eighty five sour all brothers were there.
What does balance look like for you? Oh?
Speaker 3 (05:33):
And the last thing I want to say is I
did open a store in Detroit, also a hair store,
a private label, and I can't forget that. I just
opened it in January.
Speaker 2 (05:42):
And go support it.
Speaker 3 (05:43):
Yeah, it's not thank you, It's not eighty mile and
the Quinn there, baby, come see us.
Speaker 4 (05:48):
Heavy in Detroit.
Speaker 1 (05:50):
Yeah, listen, how do you manage this all?
Speaker 3 (05:54):
So balance for me is like leg I've been working
all day today. I know I have things that I
have to do. But what I try to do is
I always try to have one day out of the
week during the week that I don't have a lot
to do. So on that one day, I might have
like a couple of really light things and that's when
I handle stuff I need to handle for myself. And
then on the weekend, I try to make sure one
of those two days is not super busy for me,
(06:15):
also because it is important to take a break. Like
I try to make sure I get enough sleep. If
I know I've been up working, I make sure, like
I'm going to bed at nine o'clock on you know,
Thursday night, because I plan it, like I plan everything.
My schedule is just super rigid and organized, like down
to the minute, and so you know, that's it. And
then a lot of times I try to mix business
with pleasure as far as if I know I had
(06:37):
some things to do, and you know, before there was
a pandemic, but if I know I had somewhere to be,
I'll invite some of my friends to come with me,
cause I know they'll have a good time. For me,
it might be work, but for a lot of them
it's fun. And so that makes work fun for me
when I have people that are fun around me.
Speaker 4 (06:54):
There you have it.
Speaker 1 (06:57):
It sounds like off.
Speaker 5 (06:58):
Runt, you're trying to achieve over the next five years,
and how can we help? You said, what what's the
biggest goal you're trying to achieve over the last five years,
and how can we help?
Speaker 3 (07:09):
So my biggest goal is for these businesses that I started,
I want them to be right now. I'm in an
investment stage of everything, I feel like, you know, except
for the juice bar, which has been open for a
few years now, but like with the hair store, I
need that to you know, start making money. And I
mean it makes money now, but I need to get
the return on my investment for the coffee company. The
(07:30):
goal for the coffee company is for me to be
able to be in stores, and I have all these
meetings with different supermarket chains coming up for that and
for the Press Juice company, and so I want to
make sure that those businesses are you know, huge multi
million dollars, one hundred million dollar businesses, and that's the
goal for those. And then I'm going to franchise the
coffee shops, and so I'm building it out so that
(07:53):
it will be franchiseable so that other people can open
their own. And we're doing our whole education program when
it comes to coffee, because it's a lot in the
coffee business that people don't know about. And every business
that I do, I try to make sure that I'm
always educating myself on it and taking classes and like
learning everything so that I become somewhat of an expert
on it, because I think it's the worst thing if
(08:14):
you open the business and don't know anything about the
business that you open.
Speaker 4 (08:19):
I said, Jim, that is a gym. Ladies and gentlemen.
Are we gonna take the question? Yeah? How we go
with time? And they gotta get up early? You got
a couple more minutes?
Speaker 3 (08:29):
Yeah, I'm fine.
Speaker 1 (08:31):
Can we try like an ask you segment?
Speaker 4 (08:32):
Yeah, let's do it. Let's do it. I think he's
familiar with that. Let's do it. All right, let's go,
Drew Gron we're not getting we're not getting relationship advice.
No relationship advice, and be respectful. Uh, Jill, read yourself.
You've been up here.
Speaker 1 (08:46):
That's going on?
Speaker 2 (08:47):
How's it going, y'all? Actually, for for you guys, it
was about opening up the ROTH. So I just had
my brother open up a rock. But when I was
looking up roth a count on Invescipedia, it was saying
that it has to be earn earned income, and he
doesn't work a job and he never has, so like,
(09:07):
is he able to open up that route account?
Speaker 4 (09:11):
How old is he?
Speaker 2 (09:13):
He's nineteen?
Speaker 4 (09:15):
I mean, yeah, they're not really gonna check it like that.
It's really for the miners, I mean, but yeah, it's
supposed to be like I mean, but how is he
gonna put money if he never if he never had,
if he doesn't work, you're gonna put money in for him?
Speaker 2 (09:26):
Well, he has a he has a banker, He has
like a savings account with some money that he's made
throughout his life, and we were just gonna move that
money into his rind.
Speaker 4 (09:34):
Yeah, I mean to give your cause every the bigger.
We get a lot of people, and the technical police
are coming down on us at an alarming rate. I
put a post cazar and they're like, that's tax fraud.
He's gonna put you in jail. So pay your taxes. Yes, yes,
it has to be earned income that you received. So
I'm gonna give you the technical answer on this and
(09:57):
tell him that once he starts working then he can
start put money into his retirement account. My graduates from
my school being forced back drop drop, Mike Drop, back
drop drop.
Speaker 1 (10:23):
This episode is brought to you by P and C Bank.
A lot of people think podcasts about work are boring,
and sure they definitely can be, but understanding a professionals
routine shows us how they achieve their success little by little,
day after day. It's like banking with P and C Bank.
It might seem boring to safe plan and make calculated
(10:43):
decisions with your bank, but keeping your money boring is
what helps you live or more happily fulfilled life. P
and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly
Boring since eighteen sixty five is a service mark of
the PNC Financial Service Group, Inc. P and C Bank
National Association Member FDIC
Earners.
Speaker 2 (00:00):
What's up.
Speaker 1 (00:01):
You ever walk into a small business and everything just
works like the checkout is fast, their seats are digital,
tipping is a breeze, and you're out the door before
the line even builds odds are they're using Square. We
love supporting businesses that run on Square because it just
feels seamless. Whether it's a local coffee shop, a vendor
at a pop up market, or even one of our
(00:23):
merch partners. Square makes it easy for them to take payments,
manage inventory, and run their business with confidence, all from
one simple system. One of the things we love most
is seeing neighborhood businesses level up. Business West Indian spired
writing our community that started with a small takeout counter.
Now with Square, they've been able to expand into a
(00:43):
full sit down restaurant and even started catering events across
the city. That's the kind of growth that aspires us,
and it's powered by Square. Square is built for all
types of businesses, from the corner bagel shop that turned
into a local chain, to the specialty market with that
thousands of unique items, to the stylists who's been holding
you down for years. If you're a business owner or
(01:06):
even just thinking about launching something soon. Square is hands
down one of the best tools out there to help
you start, run and grow. It's not just about payments,
it's about giving you time back so you can focus
on what matters most ready. To see how Square can
transform your business, visit Square dot com backslash go backslash
(01:26):
eyl to learn more that Square dot Com backslash, go
backslash eyl. Don't wait, don't hesitate. Let's Square handle the
back end so you can keep pushing your vision forward.
Speaker 3 (01:38):
I think the best thing to do is to have
a goal, right, like buying a house. To me, I'm
living in this house and it's a two family house,
so that pays half my mortgage, you know, and my
mortgage is less than what my rent would be for
something this sides three bedrooms, you know, two and a
half bathrooms, a full backyard brownstone. And so I think
(01:58):
what you have to do is of what a smart
investment is to you. And if you're living here, you
would have been paying rent somewhere else, and so to me,
that's money you would have been spending anyway. And so
the two family house or a three family house, if
I would have had a three family house. It would
have probably paid the home mortgage. It was just coming
up with that down payment. And so that's why I'm
(02:19):
a big fan of having a goal of financially Every month,
I have a goal of how much I want in
my account for the next move I'm about to make,
so I go really hard to reach it. And I've
been doing really good at that, and so it helps me.
Not because I used to be such a spend I
used to love to shop, like I would be at
the mall literally every week, you know, what can I buy?
What can I get? But when you have goals like
(02:40):
that makes you realize how unimportant that can be, and
not that you can't treat yourself, but it'll be like, Okay,
I've hit this goal, I made this money. I have
an extra fifteen hundred dollars. What am I going to
do with it? You know, let me do something nice
for myself. But I really do things like I'm really
big on using points. I use my MX cars for
every thing, and like, even i have a new house
(03:02):
in Brooklyn that I'm renovating, I'm putting everything on my
MX card so I can get those points and then
I'll be buying furniture with the points that I got
from using my MX card. You know, when I travel,
I always fly on Delta because I have so many
free flights now that I can use, and I get
upgraded all the time because of my status on there.
So I just try to do things that I know
(03:23):
makes sense for me.
Speaker 4 (03:25):
That's something that's extremely important. Shout out to him five
hundreds wise mental style. He has like and all this stuff,
but he was like, he's not buying all this design
and stuff. He spends one hundred thousand dollars a month
on Facebook ads and on his AX cards and he
gets like seven thousand dollars reward points back, So I
seven thousand dollars reward points. He just goes to Nemen
markets and just goes crazy.
Speaker 3 (03:46):
I got my parents lily bag and my first Inel
bag with points on my MX card.
Speaker 4 (03:52):
As though that's a gym Andy, so well it is that. Well,
we got to save that one in That's another that's
but Angela, that's something that's extremely important as far as
house hacking. I don't want people to breeze over that.
Because shout out to empty the mortgage guy. We talked
to him and he always talks about house hacking. House
hacking is like when you live like what she's doing.
(04:12):
She's a two family home. You live on one unit,
you you rent out the other unit, or three family
or four family whatever. So I think it says a
lot when somebody she's famous and she's humble enough to
living in a two family home renting out the other
part because she understands that it makes economic sense. A
lot of us, like some people are struggling day to
(04:34):
day and they got too much prizel like what I'm saying.
So it's like, I don't want that to get missed
in this conversation. Let let alone.
Speaker 1 (04:42):
You couldn't walk in the property before she had it.
Speaker 4 (04:46):
Yeah, I even see it. That's that's a lot to
think about. People think about it. Like I said, she's
not she has to do that, but she understands the
importance of it. And it's like why not.
Speaker 1 (04:56):
Can can we talk about balance? Me with Shall we
go back and forth all the time about balance? He
likes to have life unbalanced, just how he operates. I
like to have balance. I'm listening to you. You're waking
up at four am. Most people can't do that. That's dedication, right,
your Hall of Fame radio career. Right, you have the
real estate portfolio, you got the juice bars. You just said,
you got the coffee shop. People forget that you actually
have a very successful podcast, right lip service. By the way,
(05:18):
we came to your live show.
Speaker 4 (05:20):
We did come to thank you. Great show.
Speaker 1 (05:26):
Davies was there, eighty five sour all brothers were there.
What does balance look like for you? Oh?
Speaker 3 (05:33):
And the last thing I want to say is I
did open a store in Detroit, also a hair store,
a private label, and I can't forget that. I just
opened it in January.
Speaker 2 (05:42):
And go support it.
Speaker 3 (05:43):
Yeah, it's not thank you, It's not eighty mile and
the Quinn there, baby, come see us.
Speaker 4 (05:48):
Heavy in Detroit.
Speaker 1 (05:50):
Yeah, listen, how do you manage this all?
Speaker 3 (05:54):
So balance for me is like leg I've been working
all day today. I know I have things that I
have to do. But what I try to do is
I always try to have one day out of the
week during the week that I don't have a lot
to do. So on that one day, I might have
like a couple of really light things and that's when
I handle stuff I need to handle for myself. And
then on the weekend, I try to make sure one
of those two days is not super busy for me,
(06:15):
also because it is important to take a break. Like
I try to make sure I get enough sleep. If
I know I've been up working, I make sure, like
I'm going to bed at nine o'clock on you know,
Thursday night, because I plan it, like I plan everything.
My schedule is just super rigid and organized, like down
to the minute, and so you know, that's it. And
then a lot of times I try to mix business
with pleasure as far as if I know I had
(06:37):
some things to do, and you know, before there was
a pandemic, but if I know I had somewhere to be,
I'll invite some of my friends to come with me,
cause I know they'll have a good time. For me,
it might be work, but for a lot of them
it's fun. And so that makes work fun for me
when I have people that are fun around me.
Speaker 4 (06:54):
There you have it.
Speaker 1 (06:57):
It sounds like off.
Speaker 5 (06:58):
Runt, you're trying to achieve over the next five years,
and how can we help? You said, what what's the
biggest goal you're trying to achieve over the last five years,
and how can we help?
Speaker 3 (07:09):
So my biggest goal is for these businesses that I started,
I want them to be right now. I'm in an
investment stage of everything, I feel like, you know, except
for the juice bar, which has been open for a
few years now, but like with the hair store, I
need that to you know, start making money. And I
mean it makes money now, but I need to get
the return on my investment for the coffee company. The
(07:30):
goal for the coffee company is for me to be
able to be in stores, and I have all these
meetings with different supermarket chains coming up for that and
for the Press Juice company, and so I want to
make sure that those businesses are you know, huge multi
million dollars, one hundred million dollar businesses, and that's the
goal for those. And then I'm going to franchise the
coffee shops, and so I'm building it out so that
(07:53):
it will be franchiseable so that other people can open
their own. And we're doing our whole education program when
it comes to coffee, because it's a lot in the
coffee business that people don't know about. And every business
that I do, I try to make sure that I'm
always educating myself on it and taking classes and like
learning everything so that I become somewhat of an expert
on it, because I think it's the worst thing if
(08:14):
you open the business and don't know anything about the
business that you open.
Speaker 4 (08:19):
I said, Jim, that is a gym. Ladies and gentlemen.
Are we gonna take the question? Yeah? How we go
with time? And they gotta get up early? You got
a couple more minutes?
Speaker 3 (08:29):
Yeah, I'm fine.
Speaker 1 (08:31):
Can we try like an ask you segment?
Speaker 4 (08:32):
Yeah, let's do it. Let's do it. I think he's
familiar with that. Let's do it. All right, let's go,
Drew Gron we're not getting we're not getting relationship advice.
No relationship advice, and be respectful. Uh, Jill, read yourself.
You've been up here.
Speaker 1 (08:46):
That's going on?
Speaker 2 (08:47):
How's it going, y'all? Actually, for for you guys, it
was about opening up the ROTH. So I just had
my brother open up a rock. But when I was
looking up roth a count on Invescipedia, it was saying
that it has to be earn earned income, and he
doesn't work a job and he never has, so like,
(09:07):
is he able to open up that route account?
Speaker 4 (09:11):
How old is he?
Speaker 2 (09:13):
He's nineteen?
Speaker 4 (09:15):
I mean, yeah, they're not really gonna check it like that.
It's really for the miners, I mean, but yeah, it's
supposed to be like I mean, but how is he
gonna put money if he never if he never had,
if he doesn't work, you're gonna put money in for him?
Speaker 2 (09:26):
Well, he has a he has a banker, He has
like a savings account with some money that he's made
throughout his life, and we were just gonna move that
money into his rind.
Speaker 4 (09:34):
Yeah, I mean to give your cause every the bigger.
We get a lot of people, and the technical police
are coming down on us at an alarming rate. I
put a post cazar and they're like, that's tax fraud.
He's gonna put you in jail. So pay your taxes. Yes, yes,
it has to be earned income that you received. So
I'm gonna give you the technical answer on this and
(09:57):
tell him that once he starts working then he can
start put money into his retirement account. My graduates from
my school being forced back drop drop, Mike Drop, back
drop drop.
Speaker 1 (10:23):
This episode is brought to you by P and C Bank.
A lot of people think podcasts about work are boring,
and sure they definitely can be, but understanding a professionals
routine shows us how they achieve their success little by little,
day after day. It's like banking with P and C Bank.
It might seem boring to safe plan and make calculated
(10:43):
decisions with your bank, but keeping your money boring is
what helps you live or more happily fulfilled life. P
and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly
Boring since eighteen sixty five is a service mark of
the PNC Financial Service Group, Inc. P and C Bank
National Association Member FDIC
Popular Podcasts
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
The Breakfast Club
The World's Most Dangerous Morning Show, The Breakfast Club, With DJ Envy, Jess Hilarious, And Charlamagne Tha God!