Heather Dubrow on Real Estate Wins and Fails, First-Date Refunds and Financial Red Flags

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Money Rehab with Nicole Lapin 46 min 3 speakers 5 chapters transcribed 2 months ago
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Nicole Lapin 0:00
I once interviewed the CEO of a credit bureau, and he confessed that his assistant has a better credit score than he does. Why? Because she's more organized. Yep, even the head of the credit bureau can use a little help in the credit score department. If you can too, then listen up, because Chime has a card that can help you do just that. Chime turns everyday spending into real rewards and progress. Not like old school banks that charge you overdraft and monthly fees. Built for you, not the 1%. Imagine cash back and credit building with your own money finally on the same card. No annual fees, no interest, and no strings attached. And when you get qualifying direct deposits, you get 1.5% cash back on eligible Chime card purchases.
Nicole Lapin 0:41
Chime is not just smarter banking. It is the most rewarding way to bank. Join the millions who are already banking fee free today. It just takes a few minutes to sign up. Head to Chime.com slash MNN.
Flash Shelton 0:53
That is Chime.com slash MNN. Chime is a financial technology company, not a bank. Banking services, a secured Chime Visa credit card and MyPay line of credit provided by the Bancorp Bank N.A. or Stride Bank N.A. MyPay eligibility requirements apply and credit limit ranges $20 to $500. Optional services and products may have fees or charges. See Chime.com slash fees info. Advertised annual percentage yield with Chime Plus status only. Otherwise, 1.00% APY applies. No min balance required. Chime card on-time payment history may have a positive impact on your credit score. Results may vary. See Chime.com for details and applicable terms.
Nicole Lapin 1:15
Since getting pregnant, I have been blown away by all the creative small businesses out there. From light as air baby blankets to brilliant products like those bibs that have food catchers at the bottom, so many women and families are turning their passion or their problem into a business. If you've been thinking about becoming an entrepreneur, this is your year. So many of those little businesses selling car seat covers and baby socks use today's sponsor Square. And there's a great reason for that. Square makes running a business easy so you can focus on being creative. With Square, you can track sales, manage inventory, and access reports in real time, whether you're in your shop, on the go, or running things solo.
Nicole Lapin 1:57
Remember, the goal is to get paid for your creativity. And Square helps with that, too. Square works for one-location shops, pop-ups, mobile service businesses, and multi-location franchises. Take payments at a kiosk, counter, website, or with your phone, all synced in real time. So they will be with you from selling at the farmer's market all the way to opening your fourth location and beyond. If you're on the fence, this is your year. Go out there and turn your dream into a storefront. With Square, you get all the tools to run your business with none of the contracts or complexity. And why wait? Right now, you can get up to $200 off Square hardware at square.com slash go slash MNN. That's S-Q-U-A-R-E dot com slash G-O slash MNN.
Nicole Lapin 2:44
Run your business smarter with Square. Get started today. This episode was taped in the Money News Network studio. Brought to you by U.S. Bank. I'm Nicole Lappin, the only financial expert you don't need a dictionary to understand. It's time for some money rehab. Heather freaking Dubrow is back on Money Rehab. And honestly, I could not be more excited because Heather is the real deal. She's built wealth, made mistakes, learned the hard way. And you know what? She is not afraid to talk about any of it. Last time she came on the show, we talked about the finances of the real housewives and money dysmorphia. Today, we dive into her most recent real estate, quote, failure. a 16 and a half million dollar sale that somehow still ended up in a multimillion dollar loss and what she learned from it.
Nicole Lapin 3:38
And while the price points that Heather talks about for sure are super duper ultra luxury, the takeaways apply no matter what price point you're playing with. We also dive into how she and her husband, Terry divide financial roles,

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