4.9 • 607 Ratings
🗓️ 27 November 2022
⏱️ 47 minutes
🧾️ Download transcript
Episode 186 talks about how to become work optional before hitting your FIRE number, featuring Stefanie Gonzales of Women's Wealth Effect. Listen now!
Stefanie is a 38yo Mexican-American/Texan who is the voice behind Women's Wealth Effect where she helps women build wealth. She has also partnered with her husband on YouTube at Permission to Be Wealthy. They are giving couples insight into real and honest conversations about money and building wealth.
After 15 years of in Tech, leading Sales and Global supply chain teams, being an expat in Singapore, paying off over $420k in debt, becoming a millionaire in 2021 and achieving partial FIRE in 2022, Stefanie left her 9-5 to build Women's Wealth Effect full time while also moving her family of 4 from Singapore to Lisbon, Portugal.
Stefanie is a firm believer of women being able to change the world for the better…and women building wealth is a critical pillar in being able to do that. She shares her experience as a young Latina building her career, navigating money discussions with her partner, being a mom and building her family’s wealth in the hopes of inspiring other Latinas to build a life that will serve them.
For full episode show notes, visit here.
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Until next time, stay empowered, stay inspired and #staypoderosa ✨
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0:00.0 | We were definitely savings in the 60s to 70% across myself and my husband's salary, right? |
0:05.2 | Like we were living on one salary, which was, you know, my salary was getting us across what we |
0:08.7 | needed to pay. A big chunk of my salary was going towards saving and investing and every bit of |
0:14.0 | money that he was making. And so in 2021, we were saving and investing $17,000 in month. |
0:19.1 | We saved and invested over $350,000 in 2021. And this year, |
0:23.9 | we've already saved and invested over $200,000. But again, I started off making $30,000 back in 2007. |
0:30.4 | Starting off at $30,000, you know, and then moving to kind of the $50,000, then in the $80,000 range. Once I took on my first couple leadership positions, |
0:39.8 | I was getting paid in the 120s. But when I became a director and then took the expat assignment, |
0:45.4 | the money that I was seeing in my paycheck was around almost $300,000. But with the incentives I also |
0:52.7 | had in my expat package, my housing was paid for in Singapore. |
0:56.1 | My apartment was $7,300 a month. |
0:58.5 | So I wasn't paying for housing. |
0:59.9 | And oh, by the way, I'm renting out my house back at home. |
1:02.1 | We had paid that house off, right? |
1:03.4 | So we had $3,300 worth of income coming in technically from that home. |
1:07.1 | We made the most amount of progress in 2021. |
1:10.0 | And we moved from our first $100,000 in |
1:13.5 | 2018 to over a million in 2021. You're listening to Yo Quiero Dinoero, a personal finance podcast |
1:25.3 | for the modern Latina. I'm your host, Janice Torres, |
1:28.8 | award-winning Latina personal finance expert. I didn't always have my financial shit together, |
1:34.2 | but when I started looking for POC-friendly personal finance podcasts, I couldn't find any. And so |
1:39.7 | Yo Quiero Dino was born. On this show, I'll show you how to make Dineiro, how to keep your |
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