This post may contain affiliate links. Visit my disclaimer page for more info.
In this episode, @winningtowealth shares the ups and downs of his family’s debt-free journey, simple investment tips to reach FIRE, and why financial independence should be considered a form of social activism for POC and allies.
Plus, Michael will walk us through how he and his wife got on the same page about money, how his daughter changed his goals, and the effects COVID has had on his career.
IN THIS EPISODE, WE CHAT ABOUT:
What helped his wife get on board with budgeting
Advice for a partner who’s objective to a debt-free journey
How the birth of his daughter changed his financial goals
How he handled being laid off twice
Simple investment strategy to reach FIRE (Financial Independence Retire Early)
Why financial literacy is so important for POC
Why financial independence is considered a form of social activism for POC and allies
How being financial secure helped Michael be more active in his community and with his family
His advice on what allies of BLM can do to support the movement
RESOURCES MENTIONED:
[Book] The Black Tax by Shawn D. Rochester
[Book] The Color of Law by Richard Rothstein
[Winning To Wealth Podcast] Should Financial Independence Be Considered a Form of Activism?
[Winning To Wealth Podcast] 034 | How Eliminating $490,000 In Debt Brought This Family Closer Together | Sami Womack
[Podcast] Ep. 107 Taking on Racism in The Debt Free Community with guest Jasmine Tillery
FOLLOW ME FOR MORE MONEY INSPO
Watch my latest YouTube video here!
MEET OUR GUEST
Michael Lacy is the voice behind the award-nominated podcast Winning to Wealth where he shares inspiring interviews designed to help millennials grow their net worth by paying off debt, increasing their income, and make wise investment choices.
Michael and his wife, Taylor, paid off $61,000 worth of debt in 16 months and are now on track to reach early retirement by age 40. His work in personal finance has been seen in major publications like Forbes and CNBC.
Instagram | Blog | Podcast | YouTube
If you'd like to listen to this episode later, please save it to Pinterest.
Listen to every episode...
READY TO GAIN FINANCIAL FREEDOM
+ BREAK FREE FROM SURVIVAL MODE?
I'VE GOT EVERYTHING YOU NEED!
WHO IS YOUR PODCAST HOST?
Sami Womack is the brains behind A Sunny Side Up Life. Her weekly chart-topping podcast has been downloaded over 100,000 times. When she’s not downing caramel coffee and rocking a little girl on her hip (literally), she’s creating content, collaborating with finance/minimalist organizations, and inspiring women all over the world to live an intentional life.
She began this journey with her high school sweetheart, Daniel, and a debt price tag of $490,000. They both took control of their family’s finances by downsizing, budgeting, and changing habits. From this experience, A Sunny Side Up Life was born.
Today, Sami owns this business helping women get through dark times and experience the life-altering magic of intentional living.
She offers a jump start into money mindset with the FREE Magic + Money Course + a full budgeting experience with Your Sunny Money Method.
GET TO KNOW ME BETTER
Come follow my day-to-day life over on my Instagram Story
Disclosure: There are some affiliate links above, but these are all products I highly recommend. I won’t put anything on this page that I haven’t verified and/or personally used. Read our disclaimer here.