A part of the explanation we began the BiggerPockets Cash Present was to share monetary tales from all totally different backgrounds, supplying you with, the listener, confidence to achieve your monetary targets whatever the stage you’re at in life. There’s no higher story or individual to personify this than Dr. Lakisha Simmons.
Lakisha grew up in Indianapolis, born to teenage dad and mom who didn’t have a lot. She spent nearly all of her youth residing at totally different relations’ homes, buying bargains, and being content material with having sufficient to get by. She began working at 14 years previous and has fond recollections of taking her paychecks to the financial institution so she may deposit them in her personal checking account.
When Lakisha hit some highway bumps in her private life, she put her kids first and offered her house, began renting, and dove closely into FI. She managed to hit a 60% financial savings fee as a single mom, due to her useful side-income streams. Now, after nearly 3 many years of working, she’s able to retire, spending time along with her kids and instructing different girls how they’ll do the identical.
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In This Episode We Cowl
- How rising up in poverty can result in residing frugally sooner or later
- Whether or not or not pupil loans are price it for the paycheck
- ALL your payments and solely paying for issues that convey you worth
- Renting vs. proudly owning a house, and the way it impacts your backside line
- Profiting from 457(b) plans for presidency workers
- And So A lot Extra!