90: From Unplanned Pregnancy to Financially Free with Melissa from Traveling Wallet

90: From Unplanned Pregnancy to Financially Free with Melissa from Traveling Wallet

When Melissa found out she was pregnant, she was a sophomore in college. Her counselor gave her a pretty alarming statistic: a frighteningly small number of women who get pregnant in college actually end up graduating. Melissa threw herself into her studies, and prepared as much as she could for the birth of her son. And while her plans may have been changed by this unexpected addition, she pushed on and beat the odds - in more ways than one! Not only did Melissa graduate on time, she graduated with a degree in Mechanical Engineering while working an internship in California and attending school in Michigan. Melissa’s story shows that bumps in the road of life do not have to define your path and that financial independence is STILL achievable even if life throws you a curveball. In This Episode We Cover: Melissa's money journey Three situations that set up her money mindset What her life looks like during her college years What her school program looks like during her college years How she handles the situation when she got pregnant during her college years On childcare Her goal after college All about her medical debt The reason why she opens up her 401k What her lifestyle looks like and the sacrifice she made to make things possible On paying off her debt How does her situation changed after she got married The moment she discovered the FIRE movement And SO much more! Links: BiggerPockets Money Podcast 79: Financial Freedom Through Decades of Hard Work and Hustle with Carol Scott BiggerPockets Money Podcast 82: Early Money Lessons Create Healthy Money Experiences with Aditi Shekar BiggerPockets Money Podcast 35: Hacking Your Life to Live for (Almost) Free with Craig Curelop BiggerPockets Money Podcast 26: Graduating College on Track for Financial Independence with Cody Berman BiggerPockets Money Podcast 22: How to Pay Off 6-Figure Student Loans While Pursuing Financial Independence with Travis Hornsby Student Loan Planner SoFi Mr. Money Mustache Mindy's email Connect with Melissa: Traveling Wallet Melissa's Twitter Learn more about your ad choices. Visit megaphone.fm/adchoices

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Episoder(771)

Is My Spending Reasonable? This Data Set Will Tell You

Is My Spending Reasonable? This Data Set Will Tell You

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10 Jul 36min

Why $500K Is More Important Than $1 Million (Coast FIRE)

Why $500K Is More Important Than $1 Million (Coast FIRE)

Is $500,000 actually a more important financial milestone than becoming a millionaire? In this episode of the BiggerPockets Money Podcast, Mindy Jensen sits down with Evan Lawler to explore why reachi...

8 Jul 38min

Should You Stay for the Military Pension? The Math Might Surprise You

Should You Stay for the Military Pension? The Math Might Surprise You

Military service offers more financial advantages than most Americans realize, but is staying for a 20-year pension always the smartest move? In this episode of the BiggerPockets Money Podcast, Mindy...

7 Jul 1h 2min

The Best Early Retirement Withdrawal Strategy (6 Proven Frameworks)

The Best Early Retirement Withdrawal Strategy (6 Proven Frameworks)

Reaching financial independence is only half the battle, knowing how to withdraw your money in early retirement is just as important. The right withdrawal strategy can help you minimize taxes, avoid u...

3 Jul 42min

Has the FIRE Number Gone from $1M to $2.5M?

Has the FIRE Number Gone from $1M to $2.5M?

In this episode of the BiggerPockets Money podcast, Mindy Jensen and Scott Trench tackle one of the biggest questions in the FIRE movement: Why has the traditional $1 million FIRE goal grown to $2.5 m...

30 Jun 38min

Is Investing Ethical? How to Invest Without Compromising Your Values

Is Investing Ethical? How to Invest Without Compromising Your Values

Is investing ethical? Can you build wealth, pursue financial independence, and still invest according to your values? Scott and Mindy tackle one of the biggest questions in personal finance, exploring...

26 Jun 25min

The Ultimate Guide to Healthcare Costs for FIRE

The Ultimate Guide to Healthcare Costs for FIRE

Healthcare is one of the biggest unknowns in any FIRE plan. If you're considering early retirement, self-employment, or leaving a traditional job, understanding health insurance costs could save you t...

23 Jun 40min

Mortgage Rates Jumping from 4% to 8%: What Should This Investor Do?

Mortgage Rates Jumping from 4% to 8%: What Should This Investor Do?

How do you build nearly $1 million in net worth while working seasonally, living intentionally, and creating a lifestyle you actually enjoy? In this episode, Heather shares her remarkable journey from...

19 Jun 59min

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