Whenever Josephine Lee arrived on the scene of her wedding, she had been a solitary mom beginning over

Whenever Josephine Lee arrived on the scene of her wedding, she had been a solitary mom beginning over

But being on the own by having a child that is 4-year-old maybe not her only obstacle — she had been additionally $145,000 in financial obligation from student education loans, an auto loan, and home financing.

She had to move around in together with her parents in Oakland, Ca, to simply help relieve a number of the costs. After that, she began just what she thought could be at the least a journey that is 15-year getting straight back on the legs economically.

But 5 years later on, she’s got not just paid off the final of her debt, it is well on the method to building wealth that is long-term.

Here you will find the five primary actions that aided her attain her objectives.

1. She wrote down her goals

Whenever Lee had been hitched, she had not thought much about her very own individual objectives or economic future. She had been preoccupied with addressing her family members’ day-to-day expenses, and residing paycheck to paycheck along with her spouse.

She had to determine what it absolutely was she desired to attain. Lee started by recording some easy objectives that focused on attainable objectives, such as for instance placing $50 per month into her cost savings.

This an element of the journey ended up being extremely important she said because it gave her hope and a desire to continue moving towards something. (more…)

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