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80: Why I'd Rather Have Homes Without Mortgages Than Designer Bags
I could afford luxury bags, luxury cars, and all the status symbols that come with a high income. But I choose to own mortgage-free rental properties instead. Here's why—and here's the math that changed everything for me.
In this video, I break down:
✅ The real cost of chasing luxury vs. building assets
✅ The financial breakdown: $10K bag vs. mortgage-free rental property
✅ Why real wealth is quiet and fake wealth is loud
✅ How prioritizing assets over aesthetics changed my family's trajectory
✅ The exact strategy I use to redirect lifestyle spending into real estate
✅ What my kids will inherit (and why that matters)
If you're a high-income earner who's tired of looking wealthy but not actually building wealth, this video is for you.
━━━━━━━━━━━━━━━━━━━━━
⏱️ TIMESTAMPS
━━━━━━━━━━━━━━━━━━━━━
0:00 - Why I choose homes over designer bags
0:45 - My turning point: when I stopped chasing status
3:30 - The math: Designer bag vs. mortgage-free property
7:30 - The mindset shift that changes everything
10:00 - How to prioritize assets over aesthetics (practical steps)
12:30 - Choose wealth that lasts
━━━━━━━━━━━━━━━━━━━━━
✨ WORK WITH ME
━━━━━━━━━━━━━━━━━━━━━
If this episode was helpful, you'll love my newsletter. I share practical real estate advice, real stories from the community, and the next smart move you can make.
https://erikab.kit.com/f2f4df9a56
Would you like to work with me directly? Book a Call to work with me in 2026!
https://calendar.app.google/NMFNL2CYYPMP1FZn7
If you're looking to meet more like-minded people that are interested in building wealth, you'd love being in the room at The Owning It & Living It Experience. It's where real estate strategy, community, and clarity come together to help you make your next smart move. You can grab your ticket before the next price increase.
https://experience.owningitandlivingit.com
FOLLOW FOR MORE: YouTube for long-form episodes + IG for daily reinvention content.
https://www.instagram.com/erikabrowninvestor/
━━━━━━━━━━━━━━━━━━━━━
🔎 ABOUT ERIKA
━━━━━━━━━━━━━━━━━━━━━
I'm Erika Brown, CEO of Owning It & Living It. I've built a $5M+ rental property portfolio while working full-time and homeschooling my kids. Now I help high-income professionals scale their rental portfolios with systems, strategy, and support—no burnout required.
#realestateinvesting #wealthbuilding #financialfreedom #rentalproperties #realestateinvestor #mortgagefree #passiveincome #generationalwealth #luxurylifestyle #realwealth #wealthmindset #realestatewealth #landlord #propertyinvestment
View all episodes
By Erika BrownI could afford luxury bags, luxury cars, and all the status symbols that come with a high income. But I choose to own mortgage-free rental properties instead. Here's why—and here's the math that changed everything for me.
In this video, I break down:
✅ The real cost of chasing luxury vs. building assets
✅ The financial breakdown: $10K bag vs. mortgage-free rental property
✅ Why real wealth is quiet and fake wealth is loud
✅ How prioritizing assets over aesthetics changed my family's trajectory
✅ The exact strategy I use to redirect lifestyle spending into real estate
✅ What my kids will inherit (and why that matters)
If you're a high-income earner who's tired of looking wealthy but not actually building wealth, this video is for you.
━━━━━━━━━━━━━━━━━━━━━
⏱️ TIMESTAMPS
━━━━━━━━━━━━━━━━━━━━━
0:00 - Why I choose homes over designer bags
0:45 - My turning point: when I stopped chasing status
3:30 - The math: Designer bag vs. mortgage-free property
7:30 - The mindset shift that changes everything
10:00 - How to prioritize assets over aesthetics (practical steps)
12:30 - Choose wealth that lasts
━━━━━━━━━━━━━━━━━━━━━
✨ WORK WITH ME
━━━━━━━━━━━━━━━━━━━━━
If this episode was helpful, you'll love my newsletter. I share practical real estate advice, real stories from the community, and the next smart move you can make.
https://erikab.kit.com/f2f4df9a56
Would you like to work with me directly? Book a Call to work with me in 2026!
https://calendar.app.google/NMFNL2CYYPMP1FZn7
If you're looking to meet more like-minded people that are interested in building wealth, you'd love being in the room at The Owning It & Living It Experience. It's where real estate strategy, community, and clarity come together to help you make your next smart move. You can grab your ticket before the next price increase.
https://experience.owningitandlivingit.com
FOLLOW FOR MORE: YouTube for long-form episodes + IG for daily reinvention content.
https://www.instagram.com/erikabrowninvestor/
━━━━━━━━━━━━━━━━━━━━━
🔎 ABOUT ERIKA
━━━━━━━━━━━━━━━━━━━━━
I'm Erika Brown, CEO of Owning It & Living It. I've built a $5M+ rental property portfolio while working full-time and homeschooling my kids. Now I help high-income professionals scale their rental portfolios with systems, strategy, and support—no burnout required.
#realestateinvesting #wealthbuilding #financialfreedom #rentalproperties #realestateinvestor #mortgagefree #passiveincome #generationalwealth #luxurylifestyle #realwealth #wealthmindset #realestatewealth #landlord #propertyinvestment