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

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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