A part of the rationale we began the BiggerPockets Cash Present was to share monetary tales from all completely different backgrounds, providing you with, the listener, confidence to achieve your monetary targets whatever the stage you’re at in life. There’s no higher story or particular person to personify this than Dr. Lakisha Simmons.
Lakisha grew up in Indianapolis, born to teenage mother and father who didn’t have a lot. She spent the vast majority of her youth residing at completely different members of the family’ homes, buying bargains, and being content material with having sufficient to get by. She began working at 14 years outdated and has fond reminiscences of taking her paychecks to the financial institution so she might deposit them in her personal checking account.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 dwelling, began renting, and dove closely into FI. She managed to hit a 60% financial savings price as a single mom, due to her useful side-income streams. Now, after nearly 3 a long time of working, she’s able to retire, spending time together with her kids and instructing different girls how they will 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 scholar loans are price it for the paycheck
- Taking a look at 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
- Benefiting from 457(b) plans for presidency workers
- And So A lot Extra!