Bola Sokunbi, founder of Clever Girl Finance, details her journey of saving $100,000 on a $54,000 salary and her commitment to investing during the recession. With strategic financial education and disciplined planning, she built a diverse investment portfolio valued over $1 million. Sokunbi emphasizes maintaining a cash buffer as a safety net, which enabled her to transition to full-time entrepreneurship without financial stress. Her story underscores the effectiveness of informed financial tactics, resilience in tough times, and the significance of long-term planning in personal finance.
Bola Sokunbi shares how she saved $100,000 on a $54,000 salary and invested despite the recession, emphasizing the power of financial education.
During the recession, I followed advice from a finance book and invested even when others were pulling back, believing in the long-term benefits.
I built a cash buffer before transitioning from a job to entrepreneurship, ensuring financial security regardless of my business’s performance.
The key tactics I used to build my portfolio include maintaining a cash cushion and riding out economic downturns without panicking.
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