Ep. 146 — How Tela Holcomb Doubled Her 401(k) In 6 Months and "Traded" Her Way to Financial Independence

Brown Ambition

iHeartPodcasts

Careers, Education, Self-improvement, Investing, Business

4.9 • 2.5K Ratings

🗓️ 10 October 2018

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

Tela Holcomb, is a self-described "mom, wife, six-figure stocks and options trader, 9 to 5 survivor, risk taker and freedom catcher." But she wasn't always a stock trading wiz. It wasn't until Tela lost her job in 2012 that she decided to dive into learning all she could about the stock market. Today, Tela supports herself on income she earns from a combination of short-term stock trading and long-term investing and saving, as well as income earned from teaching online courses on how to trade. She joins Brown Ambition today to offer tips* for beginner investors looking to get into the market — and gets real about what it really means to trade, day trade and invest (yep! they are all different). From purchasing her first stock (Coach!) to making $12,000 in three days to losing $7,000 in the blink of an eye, Tela opens up about the good, the bad and the ugly side of the market and how you can avoid common pitfalls. "Start with the products and services you know because it's going to motivate to you to keep going. If you're looking to start learning more about stock trading, check out Tela's free online course: telaholcomb.com/theexchange. And check her out elsewhere: Blog: telaholcomb.com Facebook: facebook.com/telaholcomb Instagram: instagram.com/telaholcomb YouTube: telaholcomb.com/youtube *Disclaimer: Any conversations on our show about investing and investing strategies shouldn’t be taken as investment advice. This is strictly for education purposes and if we mention companies or specific strategies, it’s not a recommendation but rather an example. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Hey hey BA fam, I just learned discover credit cards to do something pretty awesome.
0:04.9	At the end of your first year they automatically double all the cash back you've earned.
0:10.1	That's right, everything you earned doubled all the cash back from eating at your favorite
0:14.7	soup dumpling restaurant doubled all the cash back from that trip where you sort of learned
0:20.0	a snowboard also doubled and the best part you don't have to do anything ridiculous to
0:25.0	get it.
0:26.0	Nope, discover does it automatically.
0:28.4	We love that.
0:29.4	Seriously though, see terms and check it out for yourself at discover.com slash match.
0:35.8	Alright so I'm not used to managing like the executive producer I just show up so I'm
0:41.4	like what do I do?
0:42.4	Alright, Mandy I know you're listening and shaking your head.
0:45.8	You're missed.
0:46.8	Hey hey hey, it's me Tiffany Oli-J aka the budgetnista.
1:09.9	Welcome to Brown Ambition.
1:12.8	Super excited so you're gonna hear mostly my voice today and the voice
1:16.7	of our very special guest.
1:18.7	Mandy's not with us today but we're still gonna rock on and rock out.
1:23.2	You guys have asked so many questions since we had our last guest on Helen who talked
1:29.6	about retirement as it relates to investing and I said you know what, let's bring on someone
1:35.2	else that can talk to you about investing but in a different kind of way.
1:39.7	Have you ever heard of an awesome company and you're like oh boy I'd love to invest in
	...

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