Quantcast
RELATED

Egypt Sherrod and Mike Jackson have captivated us on their HGTV show, Married to Real Estate, and podcast Marriage and Money.

Now, they have teamed up with TurboTax to assist small business owners with tax and financial support. The couple met while working in radio, and now they own multiple businesses together. While working with your spouse can have its ups and downs, they wouldn’t have it any other way.


“Besides the fact that I get to work with the person I love doing what I love to do, right? There's the aspect of our daughters, seeing us work together as a unit and actually doing it successful,” Mike tells xoNecole in an exclusive interview.

“So they get to grow up and experience what it is to be entrepreneurs from ground level, right? Because Mom and Dad did it, and they did it in such a way that I want to emulate, even if they don't decide to do exactly what we do, but they get to see it. That, to me, means a lot.”

But owning a business, whether separate or together, comes with a lot of responsibility and mistakes can often happen, especially for novice entrepreneurs. Egypt opens up about mistakes her and Mike experienced working in real estate.

“On our journey of entrepreneurship, we made a lot of mistakes. We spent money, we did things backwards, we learned the hard way through the school of hard knocks. There was no road map for us,” she says.

“So our goal by partnering with TurboTax is to really open the eyes of fellow entrepreneurs, to show them that, especially when it comes to your finances, your taxes, and getting that right, there is a faster, more cost effective, more accurate way of getting the support that you need.”

Being tax compliant is among small business owners’ top concerns, but it's often time-consuming and research-intensive to figure out taxes on your own. TurboTax Business provides small business owners and solopreneurs access to unlimited live expert help to get your taxes prepared and filed.

When it comes to their marriage, the money conversation never goes away. The couple owns six businesses together, multiple properties, and are parents to three daughters. So when it comes down to money, they believe in transparency, even dating back to their first date 21 years ago.

“Our first conversation about money was that, ‘hey, I don't have no money.’ Okay?,” Mike says. “Because there's been past relationships that are no longer existing. There's been things going on that I had to take care of and get through. So you're meeting a man that is pretty much starting from scratch again. How do you feel about it?”

At the time, Mike was newly divorced and had a small child. Egypt says she found his honesty “refreshing” and was looking for someone to build with, so his finances weren’t a problem for her. “If you're building anything, and that's like, first, second, third date, and you feel like, okay, this is someone I can be invested with, even beyond money, you have to just be honest about your circumstances,” Egypt shares.

“Otherwise you're building a house of cards that can fall at any minute, but I think money is one of the things. Finances are one of the things that even when people are in love, they still can't make it work and it breaks up marriages. It breaks up relationships because it's a stressor.

“So, yeah it is something that you want to ask about up front. What's your credit? How much do you earn? You don't have to be rich, but I just need to know if if the math is mathing.”

While they don’t believe you should have the money conversation on the first date, they do believe you should have it early to avoid any misunderstandings down the line.

To hear more about their story, check out their podcast, Marriage and Money and watch the new season of Married to Real Estate on HGTV.

Let’s make things inbox official! Sign up for the xoNecole newsletter for love, wellness, career, and exclusive content delivered straight to your inbox.

Feature image courtesy

 

RELATED

 
ALSO ON XONECOLE
Because We Are Still IT, Girl: It Girl 100 Returns

Last year, when our xoNecole team dropped our inaugural It Girl 100 honoree list, the world felt, ahem, a bit brighter.

It was March 2024, and we still had a Black woman as the Vice President of the United States. DEI rollbacks weren’t being tossed around like confetti. And more than 300,000 Black women were still gainfully employed in the workforce.

Though that was just nineteen months ago, things were different. Perhaps the world then felt more receptive to our light as Black women.

At the time, we launched It Girl 100 to spotlight the huge motion we were making as dope, GenZennial Black women leaving our mark on culture. The girls were on the rise, flourishing, drinking their water, minding their business, leading companies, and learning to do it all softly, in rest. We wanted to celebrate that momentum—because we love that for us.

KEEP READINGShow less
'You Both Are Going To Change': Tabitha & Chance Brown On Their New Body Collection & Successful Partnership

Tabitha and Chance Brown are the epitome of Black love. They've been married for 22 years after first meeting in middle school and share a beautiful blended family. The beloved couple is no stranger to talking about their journey to the altar and the ups and downs they've faced together on their show, Fridays with Tab & Chance. Now, they have taken the name Fridays and expanded it into a body collection.

The new collection, which dropped on November 14, features a body wash and a body lotion that complement their fragrances, Her Business and His Business. "We had such a huge success with the fragrance launch, and it’s because of our customers and fans," Tabitha shares in an exclusive interview with xoNecole.

KEEP READINGShow less
LATEST POSTS