016- How Single Mom Naseema Paid Off $300,000 in Debt in 2 Years

Journey To Launch

Jamila Souffrant

Finances, Business, Realestateinvesting, Entrepreneurship, Earlyretirement, Investing, Budgeting, Wealth

5 • 1.7K Ratings

🗓️ 25 October 2017

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

As a single mom, Naseema McElroy has a fascinating financial journey story. She went from owning 5 properties to losing it all in the real estate crash to pursuing a career in nursing. Eventually, her nursing degree allowed her to secure a high paying job but she was in tons of debt and still broke.

In this interview with Naseema, we discuss how she was able to forge on in the midst of financial hardships, divorce and becoming a single mom. Her drive and resilience allowed her to bounce back from her setbacks and pay off $300,000 in debt in 2 years. While her financial journey is far from over, she is sharing her story and the lessons she's learned along the way.

In my interview with Naseema, we discuss the following:

Naseema's background
How she first got into real estate and lost it all in the market crash
How getting married and then divorced affected her journey and finances
Her journey to paying off $300,000 worth of debt in 2 years
How she balances being a nurse and being a single mom
Why she started her business, Financially Intentional
Tips for single parents and divorced moms on how to get ahead with their finances
Her best advice for someone looking to get out of debt and save more plus so much more

Other related blog posts/links mentioned in this episode:

Naseema's Site: Financially Intentional

My One on One Money Coaching Services

The Wealth Building Manual

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 Naseema:

Connect with me:

Journey To Launch Instagram
Journey To Launch Twitter
Journey To Launch Facebook Page
Join the private Facebook Group

Transcript

Click on a timestamp to play from that location

0:00.0	You're listening to episode 16 of the Journey to Launch Podcast,
0:04.7	How Nacima paid off $300,000 in debt in two years
0:10.0	as a single mom.
0:11.9	T-minous 10 seconds. Welcome to the Journey to Launch Podcast with your host, Jamila Sufrant, as a money expert who walks
0:20.3	her talk.
0:21.3	She helps brave journeyers like you, get out of debt, save, invest, and build real wealth.
0:28.0	Join her on the journey to launch to financial freedom in...
0:32.0	Five, four, three, three, two... to financial freedom in five four three two one
0:37.0	Hey hey hey guys Welcome back to another episode of the Journey to Launch Podcast. We are on
0:48.7	episode 16. Whoop. So this episode I'm excited because I'm talking to Nissima of financially intentional and I love talking to
0:59.7	talking to people who have reached the promised land as I like to say so you
1:05.4	listen to the last episode episode 15 and a couple of my other guests the people
1:09.4	who have already reached financial freedom per se. They are retired and their
1:15.3	investments their passive income basically takes care of their main
1:19.8	expenses but I also like to talk to people who are still on their journey, who are in the trenches,
1:26.2	who are paying off debt, who are figuring out their own way.
1:29.7	And it seems like I consider to be one of those people, because she is on a journey to become debt free.
1:35.8	She has paid over $300,000 in debt in two years.
1:40.4	And so I know you guys are wondering how is that possible and we're going to get into all that in her episode in what she talks about.
1:47.0	So I can't wait for you to hear it.
1:49.0	And if you want the show notes for this episode you can go to Journey to Launch.com slash episode 16 you'll be able
1:57.2	to get the links to anything we discuss and as I always say if you are
	...

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