Part of the reason we started the BiggerPockets Money Show was to share financial stories from all different backgrounds, giving you, the listener, confidence to reach your financial goals regardless of the stage you’re at in life. There’s no better story or person to personify this than Dr. Lakisha Simmons.
Lakisha grew up in Indianapolis, born to teenage parents who didn’t have much. She spent the majority of her youth living at different family members’ houses, shopping bargains, and being content with having enough to get by. She started working at 14 years old and has fond memories of taking her paychecks to the bank so she could deposit them in her own checking account.
When Lakisha hit some road bumps in her personal life, she put her children first and sold her home, started renting, and dove heavily into FI. She managed to hit a 60% savings rate as a single mother, thanks to her helpful side-income streams. Now, after almost 3 decades of working, she’s ready to retire, spending time with her children and teaching other women how they can do the same.
Click here to listen on Apple Podcasts.
Listen to the Podcast Here
Read the Transcript Here
Watch the Podcast Here
https://www.youtube.com/watch?v=ALy57RiRV-k
Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds. Thanks! We really appreciate it!
Turo, the largest car-sharing marketplace, empowers entrepreneurs of all sizes to start and
scale a small business – earning up to $10,000 annually per car in the US with some hosts
pulling in six figures sharing multiple cars.
Join thousands of entrepreneurs who are taking advantage of today’s travel surge and
tomorrow’s timeless investment opportunity.
Get started today by going to turo.com and click “Become a host”, or download the app and list
your car.
One of the greatest ways you can help your children is by teaching them saving, spending, and investing habits as early as possible. And since most kids aren’t taught financial literacy in school, it’s up to us, their parents, to teach them as best as we can. Now it’s easier, with Gohenry.
Gohenry is a debit card for kids and an app for parents. It’s an easy, fun way to teach kids good money habits.
Get started at gohenry.com and get one free month with promo code BPMONEY.
You don’t need to be a millionaire to invest in real estate, you just have to be strategic
with the money you have. You Need A Budget, an award-winning app and proven
method that will teach you to gain total control of your money and build wealth. You Need A Budget will help you plan for the things you need and get more of the things
you want.
Try You Need A Budget free for 34-days (no credit card required) at youneedabudget.com/biggerpockets.
In This Episode We Cover
- How growing up in poverty can lead to living frugally in the future
- Whether or not student loans are worth it for the paycheck
- Looking at ALL your bills and only paying for things that bring you value
- Renting vs. owning a home, and how it affects your bottom line
- Taking advantage of 457(b) plans for government employees
- And So Much More!
