← Money Rehab with Nicole Lapin
Money Rehab with Nicole Lapin
Beyond Selling Sunset: Emma Hernan on Setting the Record Straight, Bootstrapping and Running a Family Business
00:50:56
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- [00:00]
Nicole Lapin
I am so excited to head up.
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To Big Sur with my husband this fall. We are celebrating our anniversary and while I will miss the little mush so much, we are also really excited to have a little parents time.
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Emma Hernan
We deserve that.
- [00:15]
Nicole Lapin
But you know it got me thinking about this feeling when you walk out of the door for a trip and you wonder what your blaze is doing while you're gone. Well, it turns out it could be working for you. I've been hosting on Airbnb for forever now and I tell all of my friends to do the same because it's an amazing way to make passive income from an asset. You already have your home. But some of my friends who are super busy worry that hosting on Airbnb would feel like having a second job. And that's when I tell them about Airbnb's co host network. Anything you don't have the bandwidth to do, a co host can handle for you. They can create your listing, manage reservations, manage guests, provide on site support, even handle design and styling. So whether you're traveling for work or you're escaping the winter, or if you have a second place that just sits empty way too often, your home doesn't have to sit on the sidelines. It's instead, you can earn a little extra cash without adding another job to your plate. Find a co host@airbnb.com host Support for today's episode comes from Square. The easy way for business owners to take payments, book appointments, manage staff, and keep everything running in one place. On this show and in my books, I always talk about how important it is to have multiple streams of income. But how do you actually go from hobby to hustle?
- [01:28]
The answer?
- [01:29]
Square. I have seen it so many times in real life. Just this weekend at the Farmer's Market, there was a mom selling banana. Banana bread. We love banana bread and I could not resist. In the past, I might have missed out because I never carry cash. But with Square, she was able to take my card in seconds. I got my delicious treat, she got paid, and neither of us had to stress. With Square, you can get all the tools to run your business with none of the contracts or complexity. And why wait? Right now you get up to $200 off square hardware at square.com go mnn that's square.com go G O M N N as in Money News Network. Run your business smarter with Square. Get started today.
- [02:12]
Emma Hernan
This episode was taped in the Money News Network studio, brought to you by US Bank.
- [02:19]
Nicole Lapin
I'm Nicole Lapin, the only financial expert.
- [02:21]
You don't need a dictionary to understand.
- [02:24]
It'S time for some Money Rehab.
- [02:33]
If you only know Emma Hernan from selling Sunset, buckle up because you are underestimating her and she knows it. Emma isn't just a real estate agent and a reality TV star. She's also a business powerhouse who started investing in her own family business as a teenager, built a vertically integrated food empire from scratch, and still found time to close luxury deals. She also happens to be just as lovely off screen as she is on screen. She has so such a big heart. And look no further for proof of that than the jingling that you hear in this episode off camera. Emma's sweet, sweet dog was trying to sit on her lap the entire episode and then ultimately wins. If you're watching on Spotify or YouTube, you'll see this super sweet moment. We cover all of it. Emma tells me how she was affected by watching her mom take out a home equity line of credit on their house, lessons from running a family business. And we even talk dating and what it's like being your own rich boyfriend. Don't worry, I will explain. We also, of course, talk about selling Sunset. We cover how the show has changed her life, the business and personal fallout from last season's mega drama, and the actual finances behind filming the show. Spoiler alert. If you think these cast members make money just for showing up, think again. Also, when the cameras weren't rolling, she gave me the TLDR on this season, which comes out this week. And holy moldy, you're going to have to see this stuff to believe it. Here's Emma. Emma Hernan, welcome back to Money Rehab.
- [04:01]
Emma Hernan
Thank you. I'm so excited to be here.
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Nicole Lapin
So excited to have you here. And since the last time we talked, I feel like your business endeavors have just kept growing and growing. So can you give me a 30,000 foot view of coast to coast of empanadas of real estate? What's happening in Emma's empire?
- [04:19]
Emma Hernan
I mean, I'm just continuing to grow everything from my real estate portfolio to my empanadas to my food business. We're looking at another manufacturing facility to buy. So just continuing to build the empire, grow and kick ass.
- [04:36]
Nicole Lapin
You are. You definitely are. And you've done it since you were what, 16? Like which 16 year old invests in their family business?
- [04:42]
Emma Hernan
I know, right? It was just something that I was super passionate about from a really young age. I knew that I wanted to give back to my family. I knew I wanted to be super successful and I knew that hard work Came with that. So at 16, when I would put those kids down for a nap when I was nanny instead of watching tv, I was like, what stocks is he investing in? And the family? Yeah, the family that I was nanning for. And that's how I got into investments.
- [05:09]
Nicole Lapin
And then you invested in your own family business?
- [05:12]
Emma Hernan
Yes, my grandfather left my mom and my aunt's the company. And you know, when you start a company or you're left a company, there's payroll, there's equipment, there's all of these things that, well, you're inheriting a company but you don't realize everything that goes into it. So they needed some sort of loan and I was like, well, I have it. So my mom asked if she could borrow it. And I mean, the company is massive now and my mom's an amazing female entrepreneur. I mean, amazing CEO. She's taken the company from a tiny little skin scooping crab cakes out of the kitchen to we're in stores across.
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Nicole Lapin
The U.S. well, tell me what happens in a family business because with a co founder you can get space from them, but with family you're not getting space. So what was it like working with family? Did you ever have to like vote on things?
- [05:59]
Emma Hernan
The family dynamics are interesting. I mean, my brother, my aunt, my dad, everyone works for the family company. My cousins, everyone. And when I say it's a family run company, it's a family run company. Which is good and bad because when it comes to disagreements. I just called my mom right before this and her and my brother were screaming at each other. I'm like, you guys need to simmer down. I'm pretty sure there's people in there that you need to be doing like an SQF certification and a million other things, so. But I do think it's really special because with a family company, you know, there's a lot of heart and soul in it and myself being involved. That's why, you know, I wanted the company to do so well, because it's my family, it's their livelihood and that was why it was so important to me.
- [06:40]
Nicole Lapin
Is there a way that you guys.
- [06:42]
Emma Hernan
Resolve stuff like that? I mean, I'm definitely, I feel like the most chill in the family, so I don't really fight with anyone. But my mom, my brother and my aunt definitely sometimes go head to head. And then my dad's now in the mix, so it's very interesting. But they all call me it for advice, so.
- [06:57]
Nicole Lapin
And does he stay out of it too?
- [06:59]
Emma Hernan
He's really chill. He works in the Office and he's definitely slower paced, which doesn't always flow flow with the rest of the family. So yeah, sometimes everyone will get into it, which is funny.
- [07:07]
Nicole Lapin
Yeah, your mom sounds spicy, but.
- [07:09]
Emma Hernan
Oh, my mom is totally spicy. She's like the sweetest person you'll ever meet in your whole life. Hard worker, will do anything, take the shirt off her back for you. But she's spicy.
- [07:19]
Nicole Lapin
I saw that she maxed out a home equity line of credit. Right. And put it into the business.
- [07:24]
Emma Hernan
Oh yeah, she did and I give her credit for that because it's a really risky move and I mean when you're putting every single thing on the line for your company. And she was fortunate and we all worked hard as a family to make sure it worked. But it's risky as you know.
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Nicole Lapin
So risky.
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Yeah.
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Was it a source of stress for.
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Her or was she.
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Emma Hernan
Sure. And my dad too, you know what I mean? Because that was his home equity as well. No, it's.
- [07:47]
Nicole Lapin
That's next level. You can either get really risk tolerant or risk averse. You mentioned when you were starting coast to coast that you didn't start normally, like people would make food in a kitchen. I think your grandpa people did that. Right. But you bought the whole manufacturing facility. Why did you take such a swing like that out of the gate?
- [08:09]
Emma Hernan
So I bought the manufacturing facility because I knew that there was always going to be. People are always going to want to come, whether I have a company, my family has a company, people are going to come and they want a co packer, someone trustworthy, someone that's been in the business and we've been in the business for years. We've been in the food industry for so long and I mean honestly, manufacturing is what we know, that is our specialty and we are one of the largest manufacturers on the east coast and we're continuing to expand and everyone comes to us. And another thing I will say is we're very reasonably priced and that's why we're able to help a lot of startups start. Whereas like a lot of companies, they'll charge an arm and a leg and they don't care if they're successful or not. And we really are like very caring, very family run. So we want companies to succeed, we give them the recipes, no pun intended, to success. And I think that that makes a difference.
- [08:59]
Nicole Lapin
So when you were thinking about buying manufacturing facility first, did you want to be vertically integrated, like owning your whole supply chain, which is especially important now, or did you want to maybe be manufacturer for other brands? Before focusing on your own.
- [09:12]
Emma Hernan
I knew I was going to start my own for sure. So I knew I was going to have my own line. I wanted to do it for other people. I knew it was another source of income. I knew my family's company, I could manufacture all their stuff. So it kind of just made sense for me. And it's something that I didn't necessarily always plan to buy my own manufacturing facility. And then when the opportunity came up, I was like, you know what? I should. I knew I was about to start my own company anyways, so I was like, this actually makes sense. And I'd rather own my manufacturing facility as opposed to we were leasing a space at the time or finding another co packer because no one's going to do it as well as you are.
- [09:48]
Nicole Lapin
How much is a manufacturing facility?
- [09:50]
Emma Hernan
It's a lot. So I would say our manufacturing facility is probably worth around 6 to 8 million. And we put a lot into it. So we bought it and then we put millions into it too. I mean, state of the art facility. Everything is automated and this all makes a really big difference.
- [10:07]
Nicole Lapin
So all the manufacturing is done in the states?
- [10:09]
Emma Hernan
Yes, everything.
- [10:10]
Nicole Lapin
Nothing with tariffs? Nope.
- [10:12]
Emma Hernan
Everything is in Boston. So that's why I'm home a lot. I mean, a, I love my family, but B, my manufacturing facility is there, so I go home a lot. And we put in. So everything is automated. We used to have handmade spring rolls, handmade crab rangoons, everything. And now everything is automated. It's actually fascinating to see. So if you ever come to the east, I would love to check it out. It's really cool.
- [10:34]
Nicole Lapin
Thank you for telling me how much it costs because I couldn't have even guessed. Like it's not my space at all. I'm so fascinated by the CPG space and all that goes into it too. And I think a lot of young female founders in particular want to get into the CPG space because it's something tangible that you can touch, literally. But it's also so challenging from starting out in financing your own product or like purchase, order financing and all of that. How have you dealt with the CPG challenges and what should somebody who's looking at this space know about it for sure?
- [11:06]
Emma Hernan
I mean, I think the CPG space in general is a difficult space to get into. And now there's a lot of companies that are starting up and then, you know, they're going out of business and a lot of companies are, you know, they're raising capital right away. And I think that that's fine because we're in that shark tank mentality. But a lot of times when it's not their own money, they're not good with it. And we ran into that with one of the companies that came to us to Copack. You know, they were getting so much money from all these investors and they weren't allocating it right. And we were thinking in our heads, this was our money. We would be doing it way different. We'd be much more reserved like you. Just because you have it, you don't spend it. And it is other people's money. And so they ended up shutting down. And a lot of times that is the case. You know what I mean? You have to treat it like it's your own money. I will say if you're going to go out and you want to do a raise and you want to get money from other people, you have to treat it like it's your own. I think that's only fair. So that's definitely advice that I would give to anyone starting a CPG company. If you want people to invest in your company, then treat the money like it's your own. For me, I bootstrapped everything myself. I haven't taken a penny. I've turned down millions of dollars from people wanting to invest because it was really important for me to get to a certain point by myself. And I have. I bootstrapped everything from packaging. And when I say like packaging, I am down doing the photo shoot. I have the photographer and I don't hire a food stylist. I cook and do everything myself. So I like being hands on. And I do think that that makes a difference.
- [12:31]
Nicole Lapin
I love that you say that because I think that the raising money, the shark tank effect, has been glorified so much. I bootstrapped my business too.
- [12:40]
Emma Hernan
Yes.
- [12:41]
Nicole Lapin
I put in at the time, my life savings and I felt every dollar.
- [12:45]
Emma Hernan
No, it's so different when you're bootstrapping it yourself and everything is yours. You care more about where the money is going. And I think you should always care. So I think if you're going to decide to do a raise, I think you have to treat it like you're bootstrapping it. And I wish that more founders and CEOs would think about it that way.
- [13:00]
Nicole Lapin
So you turn down capital, but what if somebody wanted to buy you? Or is there a strategy?
- [13:07]
Emma Hernan
I actually have gotten an offer and I turned it down. I wouldn't say that I would not be open to selling by any means. But right now it's. I'M building it and I basically just launched coast to coast and I'm already getting into the top stores in the U.S. so for me, right now isn't the right time to sell. I would be open to it down the road for sure.
- [13:29]
Nicole Lapin
And when you talk to founders who are just starting and in the CPG space or just in this type of food space and they don't have millions of dollars to buy a manufacturing facility, how would you tell them to start like in their kitchen? Because there is a weird time. I remember being on a show that was like a shark tank for kids in consumer products and there was this like weird dance between getting in stores and being able to fund the product to get in stores. There's like an odd limbo.
- [14:00]
Emma Hernan
There's like period. I mean, look it, you're gonna have to probably find a co packer. Whether you're doing it out of your.
- [14:05]
Nicole Lapin
Can you explain that?
- [14:06]
Emma Hernan
So yes, say you are doing something out of your kitchen. Whether it's doing cornbread for instance, we'll just do. For instance, you're doing it out of your kitchen. You have a famous recipe, everyone loves it, everyone wants to buy it. Now you have to figure out, okay, you're getting all these orders, you can't keep up with it in your kitchen. You need to find somebody that can mass produce it. So that's a coat packer. So for instance, we are co packers for numerous other brands and you find a co packer. It's not easy to do. You would think it would be easier. It's not easy to do. And then once you find one that works and they can make your product and you can still profit because you want to make sure that they're going to want to make money, but then the store has to make money. You have to make money. So that's why it's a weird position to be in when you're looking for a co packer. Because you want to find one that's reasonable, that's all also quality. And then once you find a co packer, getting into stores, getting those pos. And a lot of times that's difficult because if you don't have connections with the stores, you have to find a broker and then they want a percent as well.
- [15:03]
Nicole Lapin
So you're taking on more CPG companies.
- [15:07]
Emma Hernan
Yeah.
- [15:08]
Nicole Lapin
Are you open for business or how does somebody find.
- [15:10]
Emma Hernan
We have endless capabilities and we're looking at more manufacturing facilities to buy. There's one down the street. We just put an offer in. So we're continuing to grow because we now we just know the industry so well. I have an amazing team. My brother works for me. He's amazing. So we have an amazing team. Anyone that wants to come, anyone that has a really cool brand or they're looking to switch co packers because they don't like their co packers. Yeah, I mean we love the business and we're also a really great co packer because we genuinely want the brand to succeed.
- [15:38]
Nicole Lapin
I love that. And you don't have to be in Boston or it doesn't have to be local?
- [15:41]
Emma Hernan
No, no, no. It doesn't have to be local by any means because we ship all over the United States.
- [15:45]
Nicole Lapin
How do they find you if they want to come your way?
- [15:49]
Emma Hernan
They can email me, DM me. Yeah, anything. A lot of times they'll end up calling my mom because they can't figure out how to get in touch with me. And they're like, we saw through Emma's thing and we've actually started manufacturing for some companies that way.
- [16:01]
Nicole Lapin
That's awesome.
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I love that you're doing that. It's like you started with the vision of scaling from the get go for sure.
- [16:07]
Emma Hernan
And I know that most people don't do it that way and no one really buys a manufacturing facility before they have you do. But I did and I'm really proud of that and I wouldn't change it by any means. You think it's awesome, really.
- [16:20]
Nicole Lapin
And so we've touched on a few streams of revenue so far. But tell me if I'm missing anything. So we have coast to coast. Yes, we have real estate selling Sunset. You're an angel investor.
- [16:33]
Emma Hernan
Yes.
- [16:33]
Nicole Lapin
What am I missing?
- [16:35]
Emma Hernan
I mean I invest in real estate and then also I have real estate clients too. So I have my own personal real estate portfolio where I buy investment properties, my own real estate portfolio, angel investing, and then just like the stock market and things like that.
- [16:49]
Nicole Lapin
Which one is the biggest?
- [16:50]
Emma Hernan
Well, the food industry is my baby just because I'm super passionate about it. I also really love to cook. So all the recipes that are mine, I actually created them. I didn't hire a chef to do anything. Everything from the down to the very last spice for all of my company's things are mine. And so I think there's something special about that. I'm really passionate about that. I love real estate. I definitely tell all of my friends the sooner that you can get in, the better, even if you can't move in right away. So for instance, I have a friend looking right now, she can't quite afford to move into the property, but she can buy it, but she doesn't really want to carry that monthly nut. So I told her, buy it, put someone in there when you're ready to move in, move in, let someone else pay your mortgage till you're ready. So she's going to do that. And that's what I did. So the first home that I bought, I wasn't ready to move in. It was also a big house. I didn't really need all that space. I, I bought it, had it rented out for two years, made money every single month and then I moved in and now I'm about to remodel it. So it's just a good little way to get into the market.
- [17:53]
Nicole Lapin
Do you invest with other people?
- [17:54]
Emma Hernan
I do, yeah, I invest in commercial deals with other people. So if someone has a deal or something like that, yeah, I'm a good person to work with. I'm super easygoing. So I don't mind investing with people. If I can help someone else succeed, I love to do it.
- [18:08]
Nicole Lapin
You for sure are on camera off camera, I can attest to that for sure. And investing, it sounds like in the market. So you started really young with this, just overseeing sort of what the family that you were working with was doing.
- [18:23]
Right.
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So you were trying to learn, which I love so early, so few of us do. I wish I could go back in time my 16 year old self put money in the market. What did you end up buying?
- [18:35]
Emma Hernan
So I did a lot of health care and that did really, really well. So I invested in different health care companies around when I was 16. I remember sitting in math class in high school and he this wasn't going to be on the quiz, so no one is paying attention. But I was paying attention. And he was like, if you invest $10,000, by the time you're 30 or whatever it was, you'll have $1 million. And it wasn't going to be on the test. So no one was listening, but I was paying attention because I was like, wait, I want to have a million dollars. Like no one had been a millionaire in my family yet. And I wanted to be. And I remember because that stuck with me. And it happened to be right around the same time frame that I was nannying for that family. So it kind of was perfect timing for me to see, okay, if I start saving, if I start doing this, then I can do that. So I happen to work for a family that has been, went to Harvard, he worked on Wall street. And so I kind of got the insight There. But also my math teacher made a really big difference. I don't even know if he knows this. I should probably try and get in touch with him because honestly, that was part of the reason that I got so into investing and saving.
- [19:37]
Nicole Lapin
Who is it? Mr. Ford.
- [19:39]
Emma Hernan
Mr. Ford, you are in the world right now.
- [19:42]
Nicole Lapin
Thank you so much.
- [19:43]
Emma Hernan
You helped make me a multimillionaire.
- [19:52]
Nicole Lapin
You've talked about stories of keeping money in a sock drawer to give to your parents and your brother and your family. Have you always been. Yeah. That generous? Do you give friends money?
- [20:02]
Emma Hernan
Oh, I mean, I've lent friends money for sure. Everyone comes to me when they want a loan or need money or something like that. I've kind of done that my whole life. And everyone knows I'm just that person that if they need something, I would definitely be there for them. And also I love spoiling people. So if it's like someone's birthday or like crazy Christmas time, my love language is giving. So I love spoiling people. Seeing other people happy makes me happy. Like I genuinely. That's my love language. It always has been. And I think I realized that probably when I started saving and stuffing all that money in a sock and then me putting it into piles and then spoiling my family and my grandparents for Christmas.
- [20:40]
Nicole Lapin
Has it ever come back to bite you? Cuz there's a saying. If you lend a friend money, decide.
- [20:45]
Emma Hernan
What you, I mean, have not got all the money back that I've lent. But that's okay. I'm totally fine with it. And I think when you lend money, you may get it back, you may not. And you kind of have to be okay with that. You can't hold it against somebody. I'm actually still close with a lot of people that haven't paid me back. And that's okay because again, I believe in karma. You know what I mean? I've been fortunate to be really successful and not everyone is as fortunate. So if I can give back in, in a small way like that, I'm okay with that.
- [21:12]
Nicole Lapin
It's a really good way to think about it. For sure.
- [21:15]
Emma Hernan
Yeah. And I also believe you can't hold grudges. I think it's not good for your well being.
- [21:19]
Nicole Lapin
Like holding a grudge is taking poison, hoping the other person will die.
- [21:23]
Emma Hernan
Yeah, you just can't do it. It's not good for your mental state by any means.
- [21:27]
Nicole Lapin
It's a really lovely way to view it. I'm sure that it's been hard at times to do that, but even being a self Made millionaire and being the first one in your family, that probably also, for some people, comes with anxiety about losing it. Have you ever felt financial trauma or anxiety?
- [21:44]
Emma Hernan
For sure. I mean, to be honest with you, like, being successful is something that was so important to me, and then I was able to accomplish it, but now it's like, okay, wait. I feel like there's a lot of pressure to make sure that. Not that I'm perfect all the time, but, like, to a certain degree, I want to make sure in business I'm perfect and I never want anything to fail. However, I feel like there was times where I was afraid to launch certain things because the fear of failure. I didn't want anything to fail ever.
- [22:12]
Nicole Lapin
And.
- [22:12]
Emma Hernan
And I feel like that's a big piece of advice I would give to entrepreneurs out there and CEOs. You have to let go of the fear of failure, because failing sometimes is okay. It pushes you through another door. For instance, when I was launching my vegan company, Emily & Company, I had POS from Costco, and I told them that I was going to do Impossible Meat. Do you remember? It was Impossible and Beyond. And at the time, I had used all their product. It tastes phenomenal. Everything was perfect. They loved it. PO was 500,000. And then all of a sudden, they wouldn't sign the licensing deal. Why? I have no idea. They just. They weren't doing it. And I was like, but I have a PO Freaking out. My mom was like, mo, you need to fix this. You need to get this done. I'm like, they will not. We can't say that we're using Impossible if they won't sign the licensing deal. So I ended up reaching out to every single person that Beyond Meat followed. I ended up getting in contact with Beyond Meet. And when I say Beyond Meat was the best partnership ever, they were a pleasure to work with. They were an amazing company. Their team was amazing. Just so sweet. They let me put their packaging right on the box, which for me was huge. I was a small little company. And then Beyond Meat was huge. Millions of dollars of marketing, which was great because I got to piggyback now off their marketing. I remember at the time, my mom was actually so upset, she was like, we're never gonna get in again. They're never gonna put another PO if we don't fulfill this. And sure enough, we did get in, and it was amazing. And I just remember thinking that everything was over, that the company wasn't going to succeed. And I remember being like, oh, my God. Like, the weight of the world was on my shoulders. I actually remember driving on Wilshire Boulevard, just completely panicked. What do I do? And then I ended up getting the partnership with beyond, and it was such a blessing. And that was the right door for me to go through from the beginning.
- [24:04]
Nicole Lapin
Emma, I love that story. Have you put this on social media?
- [24:07]
Emma Hernan
I haven't really put that story on social media.
- [24:09]
Nicole Lapin
That's a good one. Because there's the trend of the unhinged things people did to start their business or early in their career.
- [24:16]
Emma Hernan
Oh, yeah. I'm like a stage five clinger. If I. If I need some sort of, like, connection or like, even. I just got into this massive retailer, which I'll announce soon, but I just got in and I literally just went on LinkedIn, messaging all of the buyers, and finally got in touch with one, and now I'm just got confirmation that I got four of my items in there.
- [24:36]
Nicole Lapin
That's awesome.
- [24:37]
Emma Hernan
That's what I'm saying. If you put your mind to something, if there's a will, there's a way.
- [24:41]
Nicole Lapin
Listen, ladies, you know how to be an unofficial private investigator for men?
- [24:46]
Emma Hernan
Use that. Use those same skills for business. Exactly.
- [24:50]
Nicole Lapin
Look through everybody that your brand is following. Is that how you did it?
- [24:54]
Emma Hernan
Yeah.
- [24:54]
Nicole Lapin
Who they were following or who was they were following?
- [24:56]
Emma Hernan
Because obviously that means they were probably interested in them or had connections with them. And, yeah, that's how I got in touch with them.
- [25:03]
Nicole Lapin
It's an awesome story. And I wonder, just from coming from that background, for me, not coming from money and then coming into my own money, I always worry that, like, I'll go back to how I started and. So is there a fear that you're gonna lose it or is there a number that makes. Is there an fu number that you have?
- [25:25]
Emma Hernan
I. Yes, probably. I'm like, I'm a big dreamer. So it's really, really high, probably. But of course, I definitely have that fear all the time. And that's why I do continue to work so hard. And I definitely. I want to have a family and settle down. And I think that when that day comes, I'll probably take more of a backseat. But that's why it's so important now to build coast to coast, to make sure everything is running without me. I don't want them to need me. I'm going to create jobs for people and I'm going to continue to work hard. But I want to be at a point, at some point where I can completely. I don't have to come in and it will run smoothly and that's what I'm doing right. Right now.
- [26:03]
Nicole Lapin
So what is the number in your bank account?
- [26:07]
Emma Hernan
Ooh. I mean, it's definitely in like the hundreds of hundred million dollars. Hundreds of millions of dollars. Yeah.
- [26:14]
Nicole Lapin
It's so funny. We ask this question a lot because sometimes it's not really what's in the bank account. It's like a irrational feeling.
- [26:21]
Emma Hernan
Yeah. I mean, to be honest with you, that's probably somewhat around where it is. I've gotten an offer for Emily and company and the number was really, really great. And I turned it down because I company everything together is going to be worth a lot more one day, especially with what I'm building. And so I turned it down, which again, very, very risky because people would be like, how could you ever turn down that amount of money? Because that's life changing money. And I turned it down for the bigger picture. And I'm going to continue to work hard and get the number that I want so I can stay home and raise my babies. Get it.
- [27:02]
Nicole Lapin
I want to talk about selling Sunset. The end of last season, not awesome. It was a bad time. There was not even allegation but a lie that you're having an affair with a married man. You didn't find out till the end of the season.
- [27:16]
Emma Hernan
I didn't even. I didn't find out till right before it was going to air. I didn't find out, which is right before it was going to air.
- [27:23]
Nicole Lapin
I can't imagine what that time must have been like.
- [27:26]
Emma Hernan
It was crazy because it was such a lie that, like, I didn't even think twice about it. I never thought that was an option. You know what I mean? I had no idea. I remember just being completely blindsided. And I remember Chelsea was the one that called me and was like, hey, I was just doing an interview and the interviewer asked, hey, how do you feel about the rumor about Emma? And somebody from the PR team was like, wait, she doesn't know what you guys are talking about. You can't say it. Like, the show hasn't come out. So Chelsea calls me and she was like, hey, I just want to let you know there's a rumor about you. Never in a million years did I think that was the rumor. I could not figure out to save my life what it could have been. So I call Mary, I call Amanda. I'm like, what was said behind my back that nobody told me? And Mary was actually the one that told me. She was like, oh, my God, that made the season. We told Nicole not to say that there was no truth to that. And sure enough, I mean, that was Nicole's storyline the whole season. And yeah, I had no idea. And I mean, it's a situation where it was so far fetched I was actually seeing somebody at the time. And they kind of took, like, situations. Like there was a little bite mark on my arm and they tried to make it seem like, oh, it's this married guy. I mean, there was zero truth to that. And I was just completely blindsided. But you know what the problem is? Is that tell me I look a certain way so I'm judged already based off my appearance. And my entire life made sure that I'm completely different from how I look. I've only ever dated three guys my whole life. I've only ever been with people that I've dated. That's a really important thing to me. So for this rumor to be spread, I was like, no, they didn't. I'm always the first one to go home. Like, I, like, barely drink, never tried a drug in my life, and I've only ever had boyfriends. So, like, when that came out, it was so hurtful because it's so against my character.
- [29:26]
Nicole Lapin
Yeah. And you're a woman's woman.
- [29:28]
Emma Hernan
Yeah. Oh, my God. I'm like a girl's girl to my core. That's why I was like, wait, what?
- [29:34]
Nicole Lapin
No, what Made me think of something that you said when you were on the show three years ago. We'd love to play it.
- [29:42]
Emma Hernan
Oh, God. Oh, God.
- [29:44]
Nicole Lapin
Your former self had some advice for you.
- [29:47]
Emma Hernan
My biggest piece of advice for conflict is take the high road. And normally, if someone's coming after you nonstop, it's an issue with them, it's an internal issue with them, and it's not you. So remove yourself from the negative energy and focus on the positive.
- [30:02]
Nicole Lapin
How does hearing that make you feel?
- [30:04]
Emma Hernan
I love that. I really do feel like I've taken that advice too. There's been so many situations, but, you know, I'm like, wait. Everyone's like, wait, Emma, how are you that calm? I've kind of always taken the high road and I've never got into it. I'm not a fighter, I'm a lover. And I'm all about standing up for yourself, for sure. But I do think taking the high road is the best way to go.
- [30:25]
Nicole Lapin
I saw that this experience made you want to quit the show. Understandable. But, Emma, I mean, you should have called me. Not all Nicoles are bad.
- [30:33]
Emma Hernan
No, I know, I know, I know. Even when I was just saying that story. And I said, nicole. I was like, wait. I'm like, I'm giving the Nicole name a bad name.
- [30:39]
Nicole Lapin
But no, I would beat whoever needed to be beat up. Yes, I am small but mighty.
- [30:45]
Emma Hernan
So I love that. I love that. I love you. Change your mind, because I feel like I have worked so hard to get where I am today, and I feel like I wasn't gonna let someone that was so negative take that away from me. Especially because I am all about, like, you know, being a good person gets you far in life and being a bad person and what she did and everyone that was kind of involved in that. You know what I mean? Because ultimately, the producers did let that air knowing that it wasn't true. So everyone that was kind of involved with that, I believe in karma, and I wasn't going to let them get away with it, and I needed to have a voice, and I think having a voice is so important, especially as a woman.
- [31:26]
Nicole Lapin
We actually have a story to tell you about her, but we'll tell you after.
- [31:30]
Emma Hernan
Oh, God. Nothing will shock me.
- [31:32]
Nicole Lapin
Chris Shell also said that she wouldn't come back if Nicole came back. Right. Or if they added a zero to her paycheck.
- [31:38]
So she is back.
- [31:39]
Emma Hernan
She is back.
- [31:39]
Nicole Lapin
Nicole is back, so.
- [31:41]
Emma Hernan
Well, she's back, but you have to tune in because, you know, there's some drama, and I think it might be out there. I'm not sure. But anyways, she was back, and then, you know, she just. She's a little wild, can't keep her mouth shut. And like I said, good things happen to good people. And ultimately, like, if you're not a good person, sometimes you don't get rewarded.
- [32:00]
Nicole Lapin
So with these reality shows, when you put something out there. Added another zero to my paycheck. Do you think that actually happens or.
- [32:07]
Emma Hernan
I mean, the network. No, they're not. No, they're not just going to do that. It's very. I mean, especially with Netflix, if you've been on for this amount of seasons, you're going to get this. It's not. We're going to go tweet something, and then we're going to get an extra zero. No, no, no. Yeah, I mean, that would be nice. I would actually start tweeting. I don't tweet, but I would start tweeting if that was the case. I mean, you saw how I am. If I want to get into a store, I will. Message. Message. But sure. If I knew I was going to get an extra zero for two tweets. Oh, my, my. Twitter would be blowing up.
- [32:35]
Nicole Lapin
I mean, the finances, though, selling side is set is crazy to me because if you get cut out of the episode.
- [32:40]
Right.
- [32:41]
You don't get paid.
- [32:41]
Yep.
- [32:42]
Emma Hernan
You don't get paid. What the heck? So they do that a lot. So, yeah, they make sure that they kind of don't put you in or they won't put someone in. I think, like, I mean, one of the girls this season was saying that she wasn't in a few of the episodes, so they didn't have to pay the episodic rate.
- [32:58]
Nicole Lapin
I mean, I look at. I've seen all the advertisements. I'm like, everybody is so, so stunning. The show must pay for all of this glam and styling and, like, they. Everybody is just a bombshell. Do you guys pay for everything yourself?
- [33:12]
Emma Hernan
Yeah, everything.
- [33:13]
Nicole Lapin
Like, you're glam, but it's a TV show.
- [33:16]
Emma Hernan
I know. I guess for interviews, you know, the green screen, they do provide glam for that. But if you want to do your own glam, like, I got my own glam. I love my team. So they don't cover that. All the episodes when we're coming to the office or at a house showing or anything like that, that's all on us. So some of the girls don't get glam. But ultimately, if you're building a brand, people like to watch fabulous dresses and heels and purses and stuff like that on tv. So if you're building a brand, it's smart to invest in yourself, which is what I did, which is why the first few seasons, I was in the negative for what I was making versus what I was spending, but it was all an investment.
- [33:52]
Nicole Lapin
So you were in the red, then you broke even, then you got in the black. You're profitable after how many seasons?
- [33:58]
Emma Hernan
Definitely the first one, for sure. First two, I was probably in the negative, and then I started to break even, and then now, obviously, it's profitable. Yeah, it's profitable.
- [34:07]
Nicole Lapin
Was there a time when it was in the red that you didn't want to go back or, you know, the.
- [34:11]
Emma Hernan
Big picture that I was looking at the big picture. So for me, that wasn't it. If anything, it was more like, oh, my God, how much more of my personal life are they going to take and spin? And it's a lot. It's emotionally draining, for sure. And I think I have pretty thick skin. But, you know, I mean, the Internet's not always nice, so I had to get used to that. I was like, wait, oh, my God. Putting my face next to this face. I Was like, oh, God, people are mean. I had to get used to that for sure. But if anything, what do you do with it? Yeah, I mean, my family. Yeah, I think just being really grounded and close to my family makes a big difference, for sure. But, yeah, it was one of those. If I was going to step away from the show, it would actually not be a financial decision. It would be more so, okay, I want to focus on my family or whatever. It may be less than financial.
- [35:02]
Nicole Lapin
And as a founder, obviously, what they say about you or what they put in the edit affects your business a hundred percent. You don't get any control.
- [35:11]
Emma Hernan
Zero. That's why last season, it was honestly so devastating because I've worked so hard, and I feel like I've given them a lot, too. You know what I mean? Even for season, talking about my relationships, I've given them a lot. Where some of the girls aren't quite as open. You can't film with this person. My husband's not coming on or whatever. It may be where I was, like, I was going on dates on the show. I was pretty open. And then this last season, I actually filmed with somebody that I was dating, and I put my life out, out there. So I feel like for them to kind of do me dirty a little bit. I was like, wait a minute. Why would you do that to me out of all the people? I was really hurt, too, because I'm genuinely, really caring and sweet even to, like, all of the crew. You know what I mean? And not everyone's super nice. Let's just say that not everyone is super nice. I'll show up with donuts or cookies, and they will all say, I'm so, so sweet to absolutely every single person. So I'm like, how could they do that to me?
- [36:10]
Nicole Lapin
They did you dirty.
- [36:11]
Emma Hernan
That's why it was so difficult. And especially as a woman in business, that's the last thing you want to be perceived as now. So I was. That was really hard for me, and that was really hard for my family to see because I'm. I am really tough. And my family, they were really sad that they would do that to me. Like, my family was probably more upset than me.
- [36:29]
Nicole Lapin
I'm sure.
- [36:30]
Emma Hernan
I was with them in Boston when I found out. I was actually with my niece and my nephew. I'd taken them out for lunch, and I had to step away from the table just to figure out, call Mary, call Chelsea, figure out what was going on.
- [36:41]
Nicole Lapin
I'm sure your mom wanted to come for them.
- [36:43]
Emma Hernan
Oh, don't mess with my mom. Oh, my mom is way worse. I'm so chill. People make fun of me, say, whatever. My mom will literally cut somebody. She's crazy. We were walking in Beverly Hills the other day. This is a funny story. We were walking and somebody mocked me, which was so crazy. I was actually with Sheila. What? Yeah, no, Sheila's birthday. I was taking her shopping for her birthday and we were walking. You know, you're like, super happy. And there was like just this woman that walked by and she mocked my laugh and, like, made fun of me. My mom was like, what did you have to say? I'm like, oh, my God, mom, chill time. But I'm like, I don't care. Nothing bothers me. But oh, my mom is like. She's very, like, protective Mama bear for sure.
- [37:24]
Nicole Lapin
Now, being a new mom myself, if somebody mocked my daughter, they're done. Yeah, I can't imagine you're always so happy and positive, but were there dark days around then?
- [37:37]
Emma Hernan
I remember waking up with a pit in my stomach because I'm like, wait, this is real. And this is about to air too. And I actually did reach out to. Well, I had Brett reach out to Nicole, and they were like, nicole, this isn't true. Can you please just do a statement where you attract it? This isn't fair to Emma. And I actually gave her that grace to kind of do that. And I was told that she was gonna do it. I was told she was gonna gonna say, like, I didn't know all the facts. And then whatever reason, she's unwell, she was like, nope. She told them, yeah, she was probably gonna do it. I think she felt bad for a second and then realized it probably wasn't a good look for her, so didn't do it. And I kind of waited and I was way too nice, obviously. And she never did a statement, which is fine because it gets cleared up this season. I mean, you know what I mean? It was a full blown lie. However, I gave her that grace to apologize, and I don't regret it because I still think again, being the bigger person and taking the high road. But I was told that she was gonna take it back and apologize, and she never did. And I just remember every day waking up just hoping that, like, it would be better. And I had to delete so many comments on my thing saying homewrecker and things like that. And I'm like, oh my God, this is like, literally the furthest thing from the truth. And now I have to worry about this on my Instagram page that I've worked so hard for building my brand, building my business, and everything along those lines, so.
- [39:02]
Nicole Lapin
So you delete the mean comments with that one?
- [39:04]
Emma Hernan
I did. Because I was like, wait, this was like. It was really difficult for me to see on my page normally. I actually don't like when people say, oh, she's not pretty, or she needs this, or whatever.
- [39:13]
Nicole Lapin
Person is blind.
- [39:14]
Emma Hernan
Yeah, no, but, like, I get that a lot. So, like, people say mean things all the time. That's fine. I won't delete those. People can go back and forth, but, like, that con those comments, I couldn't process that people would say that. So at the beginning, I was like, oh, my God, I need to delete these. This is awful. And then eventually they did die down, but when the show first came out, it was like, we should have known. And I was like, wait, what? You guys believe this? It's what was put out there. So people that don't know that there can be lies put on a reality show. They believe it.
- [39:47]
Nicole Lapin
Right?
- [39:47]
This is next level. Everybody knows that, like, reality is not reality. But this was.
- [39:52]
Emma Hernan
Oh, no, this was taking to disgusting level, to be honest with you.
- [39:56]
Nicole Lapin
And I think with the online stuff, like, it's your digital house, and you wouldn't let somebody come into your actual house and your home and call you name. So I'm here for it. But you have been really gracious about the balance. You've been so grateful to Netflix, too. Tony Robbins says, if you're gonna blame somebody, blame them for everything, the good and the bad. Blame your parents for being terrible parents, but also, like, bringing you into this world. And so you've struck that really beautiful balance where you know that it's opened a lot of doors for you in business, for sure.
- [40:26]
Emma Hernan
I never went out and bashed anyone. I never bashed the producers. I actually never publicly bashed Nicole, to be honest with you. I feel like I definitely took the high road again. My cast mates, they definitely did not do the same. But I will say they had my back, and I'm super fortunate for that because sometimes when you lose a little bit of your voice because you're going through something, it's nice when other people can have your back and stick up for you. So I am very grateful for that because I had. Everyone kind of came to my defense on that one, which was nice.
- [40:56]
Nicole Lapin
Was there any big business deal that happened or any business store that opened because of the show?
- [41:02]
Emma Hernan
100%. I got into Costco, my newest retailer, which is like my dream retailer. So I Definitely. That's why I'm saying I am so fortunate for the doors that it has opened. So, yes, I do. I have to deal with things that are unimaginable and yes, for sure. But then it's like there's doors that are opened that wouldn't have been opened if it wasn't for the show. And I'm very aware of that and I'm very grateful for that.
- [41:25]
Nicole Lapin
What's your favorite part of the season?
- [41:27]
Emma Hernan
I'd probably have to say I have a fun little Mel's Diner event where I have my empanadas on the menu at Mel's. And so the only other people that have items at Mel's are Lana Del Rey and Arnold Schwarzenegger. So I'm in very good company. And we throw this really fun old Hollywood party and it's just a really proud moment, especially after everything that I went through the prior season. It's really good to just have that feel good, successful moment. And I waited to put my empanadas on with a restaurant that I really believed in. And there's nothing more iconic than Mel's. So I put them on the menu. We had a great party and they're still on there. So if you want to pop in and get some vegan cheeseburger empanadas, they are on the menu. Delicious.
- [42:11]
Nicole Lapin
And how has the show driven sales?
- [42:13]
Emma Hernan
Oh, yeah, for sure. I think just people saw that I was posting from the party there and people go in. It's actually right across from the office, so people know the correlation between the two. We've actually ordered empanadas to the office from Mel's, which is hilarious, but they're really good. And it was definitely a proud moment for me, for sure.
- [42:31]
Nicole Lapin
Netflix, yes. You should throw MF many parties and promote the brand.
- [42:37]
Emma Hernan
Yeah, well, actually, I see that party by myself. Yeah. No, no, no. They do not throw parties. They did not pay for any of that. Just to clarify. Heck, I paid for. I did that all by myself. Oh, yeah. That entire party I did. If you have an over the top party that is not thrown by Netflix, which is crazy. So that's why some people don't throw parties. Or else everyone would be throwing parties. Think about it. If Netflix was going to pay for it, everyone would be like, oh, it's my birthday, it's this. Is that. No, everything has to come out of our pockets.
- [43:02]
Nicole Lapin
Wow.
- [43:02]
Emma Hernan
Fun fact.
- [43:03]
Nicole Lapin
Even if it's good television.
- [43:04]
Emma Hernan
Yeah, even if it's good tv.
- [43:06]
Nicole Lapin
When you think about all the opportunities the show has Opened for you in business in particular, how do you balance how much you're gonna disclose or how much of your personal life you're gonna show, especially after being burned.
- [43:20]
Emma Hernan
That was one of the things when I went and I decided to join the show, I was like, you know what? I'm either gonna go in and be an open book, which I think that people will appreciate, or I have to, you know, not show my whole life. But I think that that's risky, too, because the audience wants to be able to connect with you, you know, whether you're in this perfect relationship, whether you're struggling with a relationship, and there are things that aren't always fun to share. And I made a decision that, you know, I was gonna kind of show all of my life, and I feel like I have. And has it hurt me at times? Yes. But more so when they're doing me dirty, because when I'm showing my real life, I'm okay with that. I'm totally fine. Even if I'm not in the perfect relationship, I'm okay showing that. It's when they take something that's not true, that's when I'm not okay with it. You cannot take. And I get it. We sign up for this, but that's the only thing that I'm actually not okay with, is lying. But other than that, I'm totally. I'm actually fine showing my personal life, talking about my relationships, showing the good, the bad, the ups, the downs, because that's part of life. And life isn't perfect.
- [44:31]
Nicole Lapin
It sure isn't. But is there anything that now makes you nervous after that situation?
- [44:37]
Emma Hernan
I mean, definitely more guarded, for sure. Like, even when I was filming this last season, I was like, well, you guys did me dirty. So you really want me to film with, you know, this person? Oh, you want me to film on a date? You want me to do this? It's like, I don't necessarily trust you. So, yeah, what happened last season really did have an effect on me because I was more guarded. And I don't like that to be guarded because the audience doesn't want to see me guarded. It's hard to trust the situation and the show and everything like that when they did do you dirty. But I will say they were pretty good about everything for season. I have seen season nine, so it. It's. Yeah, a lot. But at least they didn't lie about something. You know what I mean? They didn't. What happened season eight was completely unacceptable and should not have been allowed by any means. But Season nine, I finally did let my guard down a little bit and I was able to talk about my real life situations and what was going on and things like that. So, yeah, but it's a lot. It's a lot. Reality TV is a lot.
- [45:37]
Nicole Lapin
I can't imagine.
- [45:38]
Emma Hernan
So unless you're in it, it's a whole. You can't really explain it. You can't really describe it to anyone.
- [45:44]
Nicole Lapin
It sounds like so much emotionally. And you've often talked about how you know you're underestimated, especially in business. And you've said that you would rather invest in yourself than buy the next purse or 100 trendy product.
- [46:02]
Emma Hernan
100.
- [46:03]
Nicole Lapin
But it's still hard because on reality shows especially like that, there's so much luxury porn.
- [46:08]
Emma Hernan
I know, it's like a. It's a happy mix and a happy medium between, okay, I want to invest and I want to save and I want to be crazy successful. But like, ooh, I also have to look good. So I have to have nice things. But I feel like I have a really good balance and I have a fund that I have to allocate towards, like, designer nice goods. And then I have my savings, which is always priority and majority of the money goes in there.
- [46:28]
Nicole Lapin
Or you've said that people think or assume you have a rich boyfriend, but you are your own rich boyfriend.
- [46:33]
Emma Hernan
Oh, yeah. I mean, I've always taken care of myself my entire life. I've never had someone take care of me or anything like that. And even I remember when I was first moving to L. A people assumed a, I either had a rich boyfriend or I came from some sort of family money. And I remember people totally judged me, a friend of mine, actually, because I had a Range Rover. And he. I remember he said something and I'll never forget it, he was like, oh, you must have some sort of rich boyfriend. And like he said some term and.
- [46:58]
Nicole Lapin
I was like, what?
- [47:00]
Emma Hernan
No. And I remember being so offended, like, why I can't be successful on my own. And I remember, okay, that was like a little motivation for me just to go out there and work harder and prove I don't need to be with somebody that has money and my family, I love supporting them. You know what I mean? I'm always curious, though.
- [47:17]
Nicole Lapin
Just because you have it and you don't need it, does that mean you don't want it? Because when I was dating, I could always pay for dinner, but I didn't want to.
- [47:27]
Emma Hernan
Yeah, no, I will say there's something to be said about, okay, if I'm gonna. At this point in my life, I want to date someone who's a hard worker and successful, but I don't necessarily need to date someone that has money. But I think that it's important to have that drive. I want to have kids, so I want someone that, you know, a. Wants to be a dad. Very important. But also has a drive and is motivated as someone that has worked as hard as I have. So I don't need to be with someone successful, but I think at this point in my life, it makes sense for me to be with someone who has at least a similar drive. I'm fine being more successful than someone. I'm totally fine with that. But I want them to at least appreciate that, because I've been in situations where they didn't appreciate that.
- [48:10]
Nicole Lapin
But there's no splitting the check.
- [48:11]
Emma Hernan
I know that's weird. I mean, I would rather pick it up than split. No, no, no, no. We don't split checks. That's so weird. No, no. I don't mind picking it up, but I can't split a check. I mean, and especially aren't we're gonna go out again? I got it. Or you can get it. You know what I mean?
- [48:27]
Nicole Lapin
Have you ever been the breadwinner?
- [48:28]
Emma Hernan
Oh, yeah.
- [48:29]
Nicole Lapin
And how does that.
- [48:31]
Emma Hernan
I'm fine. Okay.
- [48:33]
Nicole Lapin
Hurt their ego.
- [48:34]
Yeah.
- [48:34]
Emma Hernan
I will say it actually. It affects their ego a bit. That's the only reason that I'm not. It was a little bit tough on their ego, which meant it was tough on the relationship. I'll leave it at that. Without throwing all of my exes under the bus. But, yes, I have been the breadwinner, and I think it's a little bit tough for their ego. For sure.
- [48:53]
Nicole Lapin
It's not going to be for the right one.
- [48:55]
Emma Hernan
Yeah, no, for sure. And you have. I want someone that is proud of me, and if I go up on stage to speak at an event, they're excited for me and they're proud of me, and they're my biggest cheerleader because I would be their biggest cheerleader no matter what they're doing. So I just want that reciprocated.
- [49:11]
Nicole Lapin
Emma, you know, we end all of our episodes for a tip that listeners can take straight to the bank. I know you love talking about investing in female founders in business. What's a money tip that listeners can take to the bank?
- [49:28]
Emma Hernan
Whatever you're passionate about. Start now, do something with it tomorrow, whether it's starting a business plan for something that you've wanted to start. But I feel like Even for myself. My biggest regret with anything that I've done business wise is procrastinating. And I hope that someone listening to this right now was kind of on the fence. If they should write in their notebook and make a business plan or if they should go meet with somebody and set that meeting up tomorrow, do it. And that's my biggest piece of advice because I definitely procrastinated with a couple things and I just wish I started sooner. But again, fear of failure, sometimes it will get the best of you. So don't ever be scared to fail because it's part of your journey. And I just really advise all the people that I meet and all the people that I know and my family and everyone, do something tomorrow. Start. You're not going to regret it.
- [50:19]
Nicole Lapin
You're never as young as you are today.
- [50:21]
Emma Hernan
Exactly. Exactly.
- [50:22]
Nicole Lapin
No one ever. We had a billboard once that said, I'm glad I didn't invest earlier.
- [50:27]
Emma Hernan
Said, no one ever. Exactly. That's my thing is like, everyone, like, I wish I started every. I wish I bought every house that I ever looked at.
- [50:33]
Nicole Lapin
Looked at. I know. What was I doing when I was in middle school instead of buying houses?
- [50:37]
Emma Hernan
I know, like every house that I looked at, I'm like, oh my God, I wish I bought it because it's crazy what it's worth now from five years ago. You know what I mean? So, yeah, just whatever you're thinking about doing, do it, do it.
- [50:49]
Nicole Lapin
Today, Money Rehab is a production of Money News Network. I'm your host, Nicole Lapin. Money Rehab's executive producer is Morgan Lavoy.
- [50:57]
Our researcher is Emily Holmes. Do you need some money rehab? And let's be honest, we all do. So email us your money questions moneyrehaboneynewsnetwork.com to potentially have your questions answered on the show or even have a one on one intervention with me. And follow us on Instagram, MoneyNews and.
- [51:14]
TikTokoneyNewsNetwork for exclusive video content. And lastly, thank you, Seriously, thank you.
- [51:21]
Thank you for listening and for investing in yourself, which is the most important investment you can make.