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069- Single Mom Takiia's Amazing Story: How She Went From $100,000 in Debt to $500,000 in Savings

069- Single Mom Takiia's Amazing Story: How She Went From $100,000 in Debt to $500,000 in Savings

FromJourney To Launch


069- Single Mom Takiia's Amazing Story: How She Went From $100,000 in Debt to $500,000 in Savings

FromJourney To Launch

ratings:
Length:
58 minutes
Released:
Oct 31, 2018
Format:
Podcast episode

Description

Getting rid of six-figure debt is no easy feat but Takiia Anderson, the voice behind The Frugal Biddy, is proof that it can be done. After graduating from law school, Takiia had accrued more than $150,000 of debt. As the single mother of a 2-year-old little girl making only $34,000 a year, she knew that something had to change. Takiia went on to save over $500,000 and pay for her daughter’s college education at the prestigious Spelman College. She shares all of her tips, tricks, and personal finance advice on her blog, The Frugal Bitty. In this episode we discuss: The overall steps Takiia took to go from debt to having a large savings today The things that she gave up to pay off her student loan debt Her decision to save for her daughter's college costs while still being in debt Takiia’s plan for investing when she first opened her daughter's college saving account Why she stopped investing in retirement to save for her daughter's college education The money lessons that she taught her daughter Passing on generational wealth and not generational debt   Other related blog posts/links mentioned in this episode: Single Mom Masterminds 700,000 Swing From Debt to Savings  Frugal Biddy- Pass on Generational Wealth Not Generational Debt  Fugal Biddy-  Mental Health Savings Plan  Search for jobs as a contract attorney  Indeed Join The Weekly Newsletter List Leave me a voicemail– Leave me a question on the Journey To Launch voicemail and have it answered on the podcast! Watch me on News12  Watch my latest segments on News12 My One on One Money Coaching Services – Get my personalized 1on1 money coaching expertise to help you reach your financial goals YNAB –  Start managing your money and budgeting so that you can reach your financial dreams. Sign up for a free 2 month trial of YNAB, my go-to budgeting app by using my referral link.   Connect with Takiia: The Frugal Biddy Instagram: @thefrugalbiddy Facebook: The Frugal Biddy Twitter: @bitty_the     Connect with me: Instagram: @journeytolaunch Twitter: @JourneyToLaunch Facebook: Journey To Launch Join the private Facebook Group  
Released:
Oct 31, 2018
Format:
Podcast episode

Titles in the series (100)

Jamila Souffrant is a Certified Financial Education Instructor (CFEI), blogger, podcast host and money coach. She is the founder of www.journeytolaunch.com. As a money expert who “walks her talk” she helps brave Journeyers; gain clarity around their finances and create an actionable plan to reach their goals. Her mission is to teach, inspire and help others reach Financial Freedom. The Journey To Launch podcast explores all aspects of reaching Financial Freedom; from increasing income, becoming tax efficient, paying off debt, investing, saving & learning how to retire early and wealthy.