202: Building Wealth As A First Generation Everything (Rosemary's Story)

The Clever Girls Know Podcast With Bola Sokunbi

Bola Sokunbi

Education, Self-improvement, Business, Entrepreneurship

4.8 • 931 Ratings

🗓️ 10 August 2021

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On today's episode, Rosemary shares what it really means to grow up as a first-generation everything. Rosemary is a "Zennial" first-generation immigrant on a journey of building first-generation wealth. When she graduated from college, she landed a job in tech making over double what her family brought home per year. After her first year of working, she received a promotion, another one in her second year, and switched jobs in her third year to get a 43% salary increase. Throughout this time Rosemary also had the responsibility to support her family financially from a few hundred dollars sporadically to paying the mortgage and giving away her car. Still, Rosemary managed to work on her money goals by paying off $22,281 in debt and is on track to have $100K invested by the end of the year. She is committed to providing money motivation and covering money topics women didn't learn growing up. WHAT ROSEMARY DISCUSSED: * How she grew up as a first-generation "everything" coming from a low-income background * How she paid off her student loans and other debt after graduating college * How she went about increasing her income from $64k to $125 in just 3 years * How she creates a balance between pursuing her financial goals while supporting her mother and younger siblings * AND MUCH MORE HOW TO KEEP UP WITH ROSEMARY: Instagram @firstgenriches Twitter @Theeagilecoach ❤ Get the best-selling Clever Girl Finance Books: clevergirlfinance.com/books ❤ Get access to 30+ free courses, worksheets, savings challenges, and our favorite banking resources: clevergirlfinance.com/course-packages/ ❤ Read the Clever Girl Finance Blog: clevergirlfinance.com/blog ❤ Follow us on Instagram: instagram.com/clevergirlfinance

Transcript

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0:00.0	Hello everyone and welcome to the Clever Girls No Podcast. This is Boila Schokumbi and the
0:08.0	founder and CEO of Clever Girl Finance. The Clever Girls No Podcast is a podcast for women offering a space
0:15.6	for conversations around personal finance, business, life, and living. I'd love
0:22.2	for you to subscribe to this podcast and you can do that everywhere
0:25.0	you listen to your podcast episodes and if you love what you listen to, head on over to
0:29.3	iTunes and leave a review so that other amazing women just like you can find this
0:34.2	podcast as well. I'd also love for you to stop by clevergirl finance.com.
0:40.4	We have new content on the blog multiple times a week. We have over 30 plus free courses.
0:46.0	Plus when you sign up for a course, you can talk to a clever girl finance mentor for free to get encouragement, motivation, or if you just want to have an open no
0:56.0	shame no judgment girl talk. Finally check out our YouTube channel just Just search Clever Girl Finance on YouTube. And if you don't
1:06.4	already follow us on Instagram you can find us at Clever Girl Finance. Okay so let's get into today's episode.
1:15.0	Hi Rosemary, welcome to the Clever Girls No Podcast. I'm excited to have you on to
1:19.9	share your story with us.
1:22.1	Hey, Bola, thank you for having me.
1:24.0	So I'd love for us to get started by you telling us who you are and what you do.
1:30.0	Yeah, so as you mentioned, I'm Brosemary. I consider myself to be first generation everything and I'm known on Instagram at first gen riches for sort of sharing my journey of building first generation wealth as well as motivating others, mostly women, to do the same thing.
1:48.0	I'm based in the Raleigh-Durham, North Carolina area of the United States States and when I'm not creating content I'm working at a software company as an Agil coach.
1:57.6	I'm also a board member for a local financial literacy nonprofit here in the North Carolina area.
2:05.0	And I would say I come from humble beginnings, which definitely shapes the way that I think about
2:12.1	and manage my money.
2:13.0	And I do love that you mentioned you are on the board of a financial literacy program.
2:19.4	That is very, very interesting.
	...

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