207: Comfortably Retiring in Her 40s as a Single Mom with $850k Net Worth

207: Comfortably Retiring in Her 40s as a Single Mom with $850k Net Worth

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. 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! Learn more about your ad choices. Visit megaphone.fm/adchoices

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How to Make Your FIRE Portfolio Even MORE Passive (Finance Friday)

How to Make Your FIRE Portfolio Even MORE Passive (Finance Friday)

Today on the BiggerPockets Money Podcast, we're diving into an incredible success story. Meet Beau, a retired military professional who built a massive real estate empire and achieved financial indepe...

5 Sep 20251h 3min

Mindy Tracks Her Net Worth Live w/ Monarch Money

Mindy Tracks Her Net Worth Live w/ Monarch Money

Ever wondered how financial experts ACTUALLY manage their own money? Mindy Jensen opens her real financial accounts LIVE on this episode! In this groundbreaking BiggerPockets Money podcast episode, h...

2 Sep 202542min

The Secret to Retiring Early AND Spending More Money

The Secret to Retiring Early AND Spending More Money

Retire earlier. Spend more. Live better. For most people, these sound like mutually exclusive goals—you can pick one, maybe two, but certainly not all three. Financial planner Aubrey Williams is here ...

29 Aug 202559min

From $90K in Debt to Coast FIRE at 45

From $90K in Debt to Coast FIRE at 45

Fear that early retirement is out of the question because you have too much debt? It's not game over. Whether you're debt-free or still chipping away at your student loans, today's guest is proof that...

26 Aug 202551min

The Case for Picking Stocks w/ Co-Founder of The Motley Fool

The Case for Picking Stocks w/ Co-Founder of The Motley Fool

Do you think you can't beat the market? David Gardner, co-founder of The Motley Fool, joins the BiggerPockets Money podcast to shatter this limiting belief and reveal why stock picking can supercharge...

22 Aug 202555min

How to Go From Broke at 50 to Retired at 60!

How to Go From Broke at 50 to Retired at 60!

Are you worried you won't be able to retire at sixty-five? Feeling financially limited in your fifties and need a retirement plan so you can finally stop working? Well, we made this episode of the Big...

19 Aug 20251h 9min

Investor Retires in 6 Years ($120K/Year) by Doing This

Investor Retires in 6 Years ($120K/Year) by Doing This

On this episode of the BiggerPockets Money podcast Mindy and Scott are joined by Beau Webb. Beau went from flying Blackhawk helicopters in the Army to achieving financial independence in his 30s throu...

15 Aug 202546min

How to Build a Business That’ll Replace Your 9-5 | Hala Taha

How to Build a Business That’ll Replace Your 9-5 | Hala Taha

What does it take to transform from a $27,000-a-year employee into an eight-figure entrepreneur? Hala Taha, founder of YAP Media, joins Mindy Jensen and Scott Trench on the BiggerPockets Money podcast...

12 Aug 202545min

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