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    Millionaire Diaries: How Thamina Went from $2K to $1M with a 9-5 Job

    enSeptember 30, 2024
    1
    Girls That Invest

    358 Episodes

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    • Empowering Financial FuturesTamina Stoll transitioned from journalism to tech sales, emphasizing early financial lessons from her upbringing. Now a million-dollar household, she advocates for women's economic empowerment, showing that success in tech doesn't solely rely on technical skills but also strong communication and financial knowledge.

      Tamina Stoll shared her journey from aspiring sports reporter to a successful career in tech sales, highlighting the significance of her upbringing on her understanding of money. Raised in a financially challenging environment, she learned early on the importance of saving, especially for retirement, encouraged by her father's emphasis on financial responsibility. Now part of a million-dollar household, Tamina passionately promotes women's economic empowerment, proving that a non-technical background doesn’t hinder success in tech. She emphasizes that communication skills can be just as valuable in tech roles, showcasing her belief in being an advocate for women in finance and careers. This journey underscores how early financial lessons can positively shape one's future, inspiring others to seek their own financial independence and advocate for their economic advancement.

    • Value of InvestingInvesting early, as taught by a father, can transform lives and provide opportunities like education abroad, leading to unforgettable experiences.

      Investing early can have a significant impact on life. The speaker reflects on how their father, an early Apple investor, taught them the value of money and investment. This financial support helped fund their education abroad, leading to unforgettable experiences at Duke University. Studying in the U.S. provided a unique college life filled with sports and friendships. It highlights the importance of smart financial choices and the opportunities they can create, showing how investing knowledge can transform one's future, making college not just a learning experience but a memorable adventure. This journey emphasizes the benefits of understanding personal finance and the long-term advantages of starting investments early.

    • Financial GrowthWomen are often socialized to spend rather than invest, but financial literacy and proactive savings can lead to significant personal finance improvements over time.

      Women often face societal pressures that impact their financial habits, leading them to focus more on spending for appearance rather than investing. Many women may not discuss financial topics or investing as openly as their male peers. However, with education and a shift in mindset, it's possible to develop healthy financial habits. After starting a new job, one woman committed to learning about finances and investing. By participating in her company’s pension and stock programs, she was able to change her relationship with money and build a secure financial future, ultimately reaching her first financial milestone. This illustrates the importance of financial literacy and taking proactive steps to invest and save for long-term goals, promoting the idea that anyone can improve their financial situation with the right knowledge and support.

    • Wealth BuildingInvesting early, living below your means, and automating savings can lead to financial success, especially through employer stock purchase programs and diversification.

      Building wealth requires intentional habits and a mindset focused on long-term goals. It's important to start investing early, especially in employer stock purchase programs when offered. Living below your means, automating savings, and prioritizing future financial needs while being mindful of spending can lead to financial success. Diversifying investments over time and learning to demonstrate your work's impact are also valuable strategies. This approach fosters confidence in investing and contributes to an overall increase in net worth, creating a strong foundation for financial stability. Making conscious choices and planning for the future enables individuals to cultivate a meaningful financial life while enjoying their present circumstances.

    • Self-AdvocacySelf-advocacy is vital in the workplace. Women should learn to promote their achievements and actively communicate their impact to gain recognition and opportunities for advancement.

      Self-advocacy is essential, especially for women in the workplace. Many cultures emphasize humility and expect hard work to be noticed without self-promotion. However, in the U.S., it is crucial to showcase achievements and communicate impact effectively. By taking the initiative to inform managers of one’s contributions and participating in additional roles, individuals can improve their chances of promotions and raises. Building confidence in sharing successes helps break the misconception that hard work alone leads to recognition. Embracing a growth mindset and learning from peers can enhance personal and professional development, leading to greater opportunities. In corporate environments, being proactive about self-promotion is key to standing out amid competition and ensuring one's efforts are acknowledged and rewarded.

    • Success StrategiesTo succeed in your career and relationship, promote your achievements to your manager, and foster open discussions about finances with your partner. Strategically choose career paths, live below your means, and prioritize shared financial goals for stability and growth.

      To advance in your career, it's essential to actively promote yourself to your manager. By maintaining a folder of positive feedback and accomplishments, you can help your manager build a strong case for your promotion or raise. Consistent communication about your successes ensures that when review time comes, they have all the information they need. Additionally, open conversations about finances are crucial in a relationship, as they can prevent misunderstandings and conflicts. When both partners align in their financial goals and strategies, it strengthens their bond and helps them achieve their aspirations. Living below your means while being strategic about career choices can lead to greater financial freedom and stability. Ultimately, it's about being proactive in your career and fostering healthy communication about money with your partner.

    • Empowered FinancesMaintaining separate finances while prioritizing investments fuels both financial independence and shared experiences, empowering couples to choose meaningful life paths over purely materialistic options.

      Managing finances together while keeping separate accounts can empower individuals, especially women, to maintain financial independence and security. By prioritizing investments over material goods, this couple focuses on their shared values, such as travel and personal development, while balancing their spending. This approach not only enables them to enjoy life now but also prepares them for a prosperous future where they can invest time with family and pursue meaningful opportunities aligned with their passions, rather than purely for financial gain, ultimately aiming for a life where work is an option, not a necessity.

    • Empowered InvestingInvesting wisely includes diversifying funds while empowering female founders. Tamina shares insights and experiences through the Shekonomist newsletter, advocating for financial independence and representation in venture capital.

      Investing can be both personal and impactful. A blend of company stocks and diversified options like ETFs and target date funds offers growth and stability. There's a strong belief in supporting female founders, as only 2% of venture capital goes to them. Through her newsletter, Shekonomist, and social media, Tamina encourages women to embrace financial independence and shares her journey in wealth building, including personal experiences like her egg freezing journey. By focusing on empowering content and advocating for more representation in investment, she aims to inspire others while building meaningful financial strategies for the future.

    • Everyday GrowthSuccess comes from small, consistent choices we make each day, and showing up authentically connects us with others while fostering personal growth.

      Building success is often about the small, consistent efforts we make every day. It's not usually one big decision that changes the game, but rather the daily choices that compound over time. Connecting with others in meaningful ways, like through social media, also helps cultivate community and shared experiences. As seen through the journey of those involved in Girls That Invest, showing up authentically and engaging with your audience can greatly impact both personal growth and professional reach. Remember, investing in yourself and taking that 1% improvement each day can lead to significant growth, whether in finance or in your career. This journey is paved with determination, authenticity, and continuous learning, encouraging us all to foster connections and strive for improvement little by little. Sharing your story and being visible supports not just your path, but also motivates others along the way.

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