How this single mom got out of debt and retired at 41:
"With the divorce, I thought I have to buckle down and get serious or I’m paycheck to paycheck and I can’t do that with two little people depending on me," said Simmons."I thought I can't ever let this happen again."Here are the steps Simmons says she took to reach her own financial freedom."I did the budgeting when we were married but the budget was loose and I knew I had to buckle down," said Simmons.
Simmons' detailed budgeting allowed her to be able to know her yearly expenses, which she then used to plan how much money she would need to save to retire early.Simmons already had some money invested when she started budgeting, but she doubled down on teaching herself how to maximize her extra cash instead of leaving it in bank accounts.
Simmons values time with her children, so she said she takes them on experiences like bike rides, picnics and local getaways instead of focusing on material items.
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