The Broke Millionaires

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In Episode 40, Joshua and Lauryn record for the first time in their new studio, celebrating a major milestone after nearly a year of filming at kitchen tables, bedrooms, and anywhere they could squeeze in an episode. With daytime energy (and no kids in the background!), they kick off a fresh chapter for the show. 

They share updates on hiring editors, launching their YouTube channel, and finally gearing up for more consistent weekly releases. The long nights of editing until 3 AM are officially coming to an end—freeing them to focus on growth, content, and new in-person interviews. 

The episode quickly turns to the big housing news of the week: a proposed 50-year mortgage. Joshua breaks down why he believes it could temporarily open doors for priced-out buyers, how it may drive demand, and why any window of opportunity will be short before prices rise again. They also unpack a potential bill that could remove the tax cap on primary-home capital-gains exclusions, which could dramatically impact inventory and long-term strategy. 

But the heart of the episode is the long-awaited reveal of their signature wealth-building framework:

🔥 The ALLLL Method™ Blueprint

A strategy they’ve quietly used since 2020 to nearly 10X their equity—without high incomes, without inheritance, and while raising four kids. The method:

A — Acquire

Buy undervalued primary residences with favorable loan terms (low down payment, better rates, first-time buyer advantages).

L — Live

Move into each property as a true primary residence, allowing better financing and access to HELOCs and second-position loans.

L — Lift

Force appreciation through strategic renovations: kitchens, bathrooms, curb appeal, ADU potential, layout improvements. This creates instant value far beyond market appreciation.

L — Leverage

Pull out equity via HELOCs, cross-collateralization, or construction loans—tax-free.
 
L — Loop

Take that newly unlocked equity and roll that into the next property to repeat the cycle.

They share real numbers: starting with ~$270K in equity and growing to $2.3M+ in under five years, all while living in the homes during renovations, working weekends, and navigating pregnancies, babies, and financial pressures. Nothing about it was “luck”—only mindset, sacrifice, and consistency. 

The episode closes with a powerful discussion on silent income, inflation, why holding cash is dangerous, and how long-term real-estate strategy paired with the IRS step-up basis allows families to build generational wealth without triggering massive taxes. 

Finally, Joshua and Lauryn announce their upcoming Broke Millionaires Community, a mastermind designed to help families implement the ALL Method and build wealth together—something they wish they’d had during their hardest seasons.

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 [email protected]

Instagram: @thebrokemillionaires_

Want to learn more about our mastermind community? Send us a DM or visit BMLegacyWealthBuilder.com. 

In Episode 39, Joshua and Lauryn sit down for what they hope is their final recording from home before moving into their newly built studio. This episode is a transparent look at their current season—exhaustion, setbacks, celebrations, and the goals they’re setting for the year ahead. 

They open with life updates: missed recordings, illness that sent Lauryn to the ER, juggling four kids, and the constant challenge of trying to find energy at the end of long days. They share how unpredictable their weeks have been, how quickly time is passing, and how proud they are to be approaching the one-year anniversary of the show. 

A major highlight is the progress on their new podcast studio, which will allow them to finally record consistently, bring on live guests, and stop dragging equipment across their dining room every episode. The behind-the-scenes setup—monitors propped on baby chairs and gear balanced on high chairs—has become part of the show’s charm, but the upgrade is overdue. 

They also open up about the continued financial pressure they’re under, joking that they’re still “broke” and barely staying afloat while pushing toward their vision. Their motto: Survive ’25, Thrive ’26. They reflect on the emotional toll of raising a young family while building multiple businesses and trying to create wealth in a down economy. 

A big portion of the episode focuses on the upcoming Broke Millionaires Community, their most ambitious project yet. They share why this matters so much: the isolation many couples feel while building wealth, the desire for a supportive network, and the craving for a place where parents, entrepreneurs, and young families can grow together. They’re aiming for a launch early next year and are committed to doing it right. 

From there, the episode shifts into goal setting—both shared goals and individual ones:

Shared Goals

- Launch the community and serve families navigating wealth-building with kids
- Move out of their tiny 1,300 sq ft home and explore new neighborhoods
- Grow their co-hosting business, which has taken off faster than expected
- Carve out more family time and reduce daily chaos through better systems
- Bring consistent studio-recorded episodes and increase production quality

Joshua’s Personal Goals
- Pivot and rebrand his print business toward higher-value services
- Implement “Josh 2.0”—an AI-powered automation system to eliminate bottlenecks and handle quoting, invoicing, and order processing
- Be more present as a husband and father by reducing mental load
- Continue strengthening community, mentorship, and relationship circles

Lauryn’s Personal Goals
- Rebuild morning routines with intentionality
- Re-establish a workout rhythm (Pilates) as life stabilizes
- Develop a healthier daily structure around motherhood and business

The couple also shares humorous but relatable family hacks—like switching to paper plates to survive mealtime chaos—and how they’re refining their Airbnb/MTR SOPs to reclaim time and reduce stress. 

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 [email protected]

🎙 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 [email protected]

In this episode, Lauryn and Joshua open with personal life updates before diving into a core entrepreneurial principle: buying back your time. As their lives grow busier—especially with four children at home—they reflect on why doing everything themselves is no longer sustainable. They explore how to delegate intentionally, retake control of their schedule, and focus on the high-leverage tasks that truly move their business (and family) forward.

They anchor much of their strategy around Dan Martell’s “Buy Back Your Time” framework, discussing how to apply it both professionally and personally. Through candid examples and actionable steps, they show listeners not just why time is their most limited resource—but how to reclaim it as they scale.

Book recommendations
Buy Back Your Time: Get Unstuck, Reclaim Your Freedom, and Build Your Empire
by Dan Martell

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 [email protected]

We sit down for several updates with our projects and dive into how we go about setting up a furnished rental out of state. One of the programs we talk bout is the Ladder Up Home Loan Grant from City National Bank. This is for CA, NJ and NY residents. We also talk about the  No Tax on Home Sales Act which aims to eliminate the capital gains tax on a primary residence. This is huge for us personally because we have 3 properties that have far surpassed the current exclusion cap so we are not able to sell homes we have lived in without triggering major tax bills. 

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 [email protected]

In this episode we dive into some interesting statistics and talk about where you live and how you look can drastically improve your mental health and improve your ability to keep moving forward with your wealth building goals. 

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 [email protected]

We finally finished up the project house that seemed to be never ending and got it rented. In this episode we walk through what is looked like leading up to the final minutes before the guests arrived. We were of course down to the wire on everything getting final permits signed off the day before it rented. 

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 [email protected]

The Millionaire Next Door is a book that interviewed several self-made millionaires in the 90's and finds the common traits amongst these people. We break down these 7 common traits that still hold true today. We also talk about how a million is not what is was 30 years ago and how a decamillionaire is probably the new millionaire in today's world. 

Book recommendations

The Millionaire Next Door: The Surprising Secrets of America's Wealthy

by Thomas J. Stanley, William D. Danko

 
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 [email protected]

People always ask "How do you have all these properties in CA?" It's not easy that's for sure, but we find ways to make it work and continue to acquire the next asset and struggle through until it stabilizes. We are always better off in the end than if we didn't buy that asset, it's just the in between time getting the property renovated that is always a struggle.  Looking back...worth it! 

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 [email protected]

The biggest question we hear when someone is considering the MTR strategy is "What about squatter's rights?" We go over our screening process and what we do to help prevent these type of guests in our properties. We also cover calendar control and what we do to help avoid calendar gaps that we can't fill. 

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 [email protected]