453 | From Food Stamps to FI | Theresa

ChooseFI

Brad Barrett | Choose FI Media

Financialindependence, Investing, Firemovement, Passiveincome, Frugalliving, Personalfinancepodcast, Daveramsey, Careers, Business, Earlyretirement, Habits

4.8 • 5K Ratings

🗓️ 4 September 2023

⏱️ 67 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode: the importance of community, finding financial literacy, pulling the levers of FI, and the hot seat.

We’ve heard incredible stories of FI from many of our listeners, but this week we are lucky to hear from someone who overcame so much in order to achieve the life she always wanted. This week we are joined by one of our listeners Teresa, where we discuss her incredible story of navigating and overcoming debt as a single mother to building a strong foundation of financial literacy and knowledge for herself and her daughters! Some of us on the path to FI may not have grown up surrounded by great financial models, and maybe some of our listeners may feel overwhelmed with the new tips and knowledge that FI brings, but please remember that feeling unprepared is no reason to count yourself out on this journey! Your past failures or mistakes shouldn’t hold you back from building the life you want and the life you deserve, but rather they should motivate you to learn and grow into the best future version of yourself!

Timestamps:

1:06 - Introduction
2:52 - Theresa's Story
9:02 - Awakening
16:31 - Finding Financial Literacy and What Came With It
22:22 - The Importance of Community
31:36 - You've Recovered Financially, Now What?
39:43 - Pulling The Levers of FI
49:02 - The Opportunity FI Provides
55:37 - Theresa Takes The Hot Seat
64:41 - Conclusion

Resources Mentioned In Today’s Episode:

More Helpful Links and FI Resources:

Earn $1,050 or More With These 3 Cash Back Cards
Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence
Find a new side hustle with one of our Educational Courses
Commission-Free Investing with M1 Finance

Transcript

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0:00.0	Hello and welcome to Choose a Five.
0:01.8	Today on the show, we have one of our listeners,
0:03.8	Teresa, who wrote into me a couple months ago
0:06.3	with this incredible story.
0:08.2	And it immediately jumped off the page to me
0:11.0	as something that is just an absolute inspiration
0:14.2	for everyone who has made some choices
0:17.7	that they aren't exactly happy with.
0:19.9	And frankly, that's all of us, right?
0:22.3	We've all made significant choices in the past
0:24.8	that we have to overcome.
0:26.8	And some of us more so than others.
0:29.0	And I think Teresa's story starts back in her teenage years
0:32.8	where she opened that first credit card.
0:35.4	And then a few short years later,
0:37.6	it was 15 credit cards and then it turned into debt.
0:40.7	And there were ultimately a series of decisions
0:43.6	that led her to a place where she needed to pick herself up
0:48.1	and pick herself up she did.
0:49.7	And it's truly remarkable where she has come from
0:52.2	and where she is today.
0:53.5	And I just cannot wait for you to hear this story.
	...

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