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MINIMUM WAGE MILLIONAIRE - HOW $3 INVESTMENTS EVERY MONTH TURNED into $8M+ (True Story)
Everyday millionaires might not seem that common, or ones that start from minimum wage and humble beginnings - but today I want to share with you the inspiring story of Sylvia Bloom who at the age of 96 years old gathered over $8 million through investing over 67 years of working. She copied the financial habits she saw around her in the small amounts she could afford, and this meant in 2016 she donated to many 10,000 of students educational future as part of her legacy.
I hope you enjoy this inspiring story and what we can learn from it too.
Timestamps
00:00 Sylvia Bloom's Minimum Wage background
03:04 How she invested over 67 years of working
05:16 The Average of 5 Principle
08:08 She was detached from the investing habit
10:24 The Power of Compound Interest and Growth in the Stock market over time
14:57 What we can learn from her and apply today
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INVESTING PLATFORMS I USE (these are affiliate links):
💸 Invest using Etoro - https://mamafurfur.com/etoro
💰 Invest using Trading212 - https://mamafurfur.com/trading212 (we both receive a free share up to £100)
📊 Invest using Freetrade - https://mamafurfur.com/freetrade (we both receive a FREE SHARE worth £2-200).
💳 Invest using Coinbase for Crypto - https://www.mamafurfur.com/coinbase
📊Investing Research using Genuine Impact App (and we both get a free month of Premium access) - https://www.mamafurfur.com/genuineimpact
** If using CFDs - they are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Your capital is at risk. Other fees may apply. Virtual Currencies are highly volatile. **
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🗒 Money Stacks Method Budget System for all your budget, financial freedom calculations, debt repayment system, Net worth calculator, Sinking funds and Investment Tracker
https://www.mamafurfur.com/spreadsheet
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My husband Matt and I host a weekly podcast where we discuss happiness, prosperity and the lifestyle design. You can find it by searching “The Prosperity Project” on any podcast app (eg: Spotify, Apple Podcasts, Google Podcasts etc).
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WHO AM I:
I'm Jennifer Kempson, Scottish Mum, Engineer and full time Investor/Entrepreneur/Author/Financial Educator. I make videos about personal finance, investing, entrepreneurship, and lifestyle design. I also have a weekly podcast with my husband Matt called The Prosperity Project. We have two small boys and live in Glasgow, Scotland, UK. Together we paid off £24k+ of consumer debt in 2016, built a 6-figure side hustle in 2 years and aiming to be mortgage free and financially free in 2021.
🌍 My website / blog - https://www.mamafurfur.com
GET IN TOUCH:
If you’d like to talk, I’d love to hear from you. Sadly I cannot reply to every comment or message, but thank you for supporting my channel.
PS: All thoughts, reviews and suggestions my own. All information is given for educational purpose and not financial advice.
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