On this episode of His & Her Money, we sit down with Terrence and Erica to discuss how they’ve invested in their financial education to build their portfolio from one, duplex investment to owning multiple real estates, insurance, and property management businesses.
Having begun as silent investors, Terrence and Erica emphasize the importance of taking education and growth into your own hands.
Their story begins with Terrence’s retirement from professional football – instead of looking for jobs, he pivoted his focus towards studying.
From buying every discount financial book to asking Chick-fil-A franchise owners about their business, he strove to learn everything he could about wealth-building.
Terrence and Erica now own 55 rental houses, and Terrence attributes his success to the 550 books that he has accumulated in his library.
In short, despite having invested in countless properties, Terrence and Erica have one piece of advice – “Stop talking, start doing.”
Making daily decisions and small changes, even outside of the financial and investment realm, can push you towards taking initiative on larger goals, just as Terrence and Erica did.
By staying educated, ignoring the naysayers, and learning from mistakes, this incredible couple is paving their own path towards financial freedom, one book at a time.
Now, with their newest investment in a commercial strip mall, Terrence and Erica are proof that, although hard work is essential, thirst for knowledge is crucial in both business and personal growth.
So, what are you waiting for? Pick up your headphones, listen to Terrence and Erica’s story, and feel inspired to take action on your own journey towards financial independence.
What You Will Learn
- The difference between sweat equity and check equity
- How to learn and grow with your business
- How to increase your real estate investment returns
- The importance of asking questions
- Maximizing value in rentals
- How making mistakes can be an investment in your own education
Resources Mentioned
- The Millionaire Mind by Thomas J. Stanley
- Who Took My Money? by Robert T. Kiyosaki
- TM 5 Properties
- Murphy Signature Homes
- Terrence Murphy Realtor
- IG: @terrencerealtor
- IG: @TM5Properties
Thanks For Listening!
Thanks for tuning in to us on The His & Her Money Show. If you have any comments or questions about today’s episode, please let us know your thoughts below.
If you’ve enjoyed this episode, please share it using the social media buttons you see at the bottom of the post.
