Episode 486: Single Mom Takiia's Amazing Story: How She Went From $100,000 in Debt to $500,000 in Savings
About this episode
Takiia Anderson shares her journey from $100,000 in debt to saving over $500,000 while raising her daughter as a single mother.
Getting rid of six-figure debt is no easy feat but Takiia Anderson is proof that it can be done. After graduating from law school, Takiia had accrued more than $150,000 of debt. As the single mother of a 2-year-old little girl making only $34,000 a year, she knew that something had to change. Takiia went on to save over $500,000 and pay for her daughter's college education at the prestigious Spelman College. She shares all of her tips, tricks, and personal finance advice on her blog, The Frugal Bitty. In this episode we discuss: The overall steps Takiia took to go from debt to having a large savings today The things that she gave up to pay off her student loan debt Her decision to save for her daughter's college costs while still being in debt Takiia's plan for investing when she first opened her daughter's college saving account Why she stopped investing in retirement to save for her daughter's college education The money lessons that she taught her daughter Passing on generational wealth and not generational debt What's New in the Paperback Edition of Your Journey to Financial Freedom: A bonus chapter: When Life Happens: Staying on the Path to Financial Freedom Through…
People in this episode
Host: Jamila Souffrant
Guest: Takiia Anderson
Mentioned in this episode
Organizations: The Frugal Bitty, Spelman College
Books & works: Your Journey to Financial Freedom
More episodes of Journey To Launch
- Episode 487: Burnout, Boundaries, and The Risk Worth Taking w/ Teri Ijeoma
- Episode 485: How To Take Control Of Your Life, Make Big Changes & Reset Your Money With Jill Schlesinger REWIND
- Episode 484: Life Lately: Working Less, Living More & Embracing Uncertainty
- Episode 483: Fibroids, Endometriosis, and Financial Loss: The Real Cost of Untreated Womb Conditions w/ Dr. Kemi Doll
- Episode 482: How He Retired by 30 Through Side Hustles, Real Estate & Intentional Living w/ Cody Berman
- Episode 481: The Money Rules That Never Change (And the New Traps You Need to Avoid) w/ Beth Kobliner
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