Today’s podcast features an extraordinary young woman who, even before reaching adulthood, is determined to attain financial independence by her twenties. Join us as she discusses her fascinating journey, lofty aspirations, and intentional investment approach. What’s particularly noteworthy is her steadfast focus and dedication to these goals. Prepare to be motivated!
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What You’ll Discover
- The narrative commenced when Vero encountered 16-year-old Emmanuella during a public webinar about retirement led by Mike. Emmanuella introduced herself in the chat, stating, “Hey everyone! I’m Emmanuella, I’m 16, and I’m excited to be here!” This immediately piqued Vero’s interest. Emmanuella starts off by sharing some background about herself.
- Emmanuella’s family relocated to New Brunswick from Montreal to benefit from lower real estate prices. She explains how this major transition impacted her life.
- At merely nine years old—the year she moved—Emmanuella secured her first job. What was that job?
- She even operated a muffin business during her childhood. What motivated this entrepreneurial effort, and how did it influence her work ethic?
- How did Emmanuella handle and utilize the income from these initial jobs?
- Her investing journey began at 14 as part of her homeschooling education. Why did her mother opt for homeschooling, and what financial impact did it have?
- What actions did her mother take to familiarize her and her siblings with investing?
- When did the concept of financial independence gain significance for her, and why does it resonate with her so deeply?
- Emmanuella’s ultimate goal is to maintain a portfolio that produces enough income, allowing her to choose whether to work. But how does she plan to remain fulfilled and purposeful in her engagement?
- What is the current composition of her portfolio, and how does she see it progressing as she works toward financial independence?
- What types of stocks does she select, and what are her reasons for those choices?
- Upon turning 18, she will take complete control of her portfolio. How assured is she about investing independently, and which tools or resources have aided her in gaining expertise?
- What investment hurdles does she encounter most frequently?
- Adopting a frugal lifestyle, Emmanuella relates to the idea of minimal spending. But does she set aside “fun” money, and if so, how does she choose to spend it?
- What guidance would she give to others aspiring to pursue a similar path?
Further Resources
Here’s the book Emmanuella referenced: *Speculator* by Doug Casey.
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