She's On The Money Walking Away From $200K for a Life That Matters
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Feb 9, 2025 Natasha Nabinunga-Bamblet, a community member, shares her inspiring journey of walking away from a $200K household income to embrace a more fulfilling family life. She discusses the shift in priorities after becoming a parent, revealing the challenges of transitioning to a lower income while maintaining a mortgage. Natasha reflects on her childhood money narratives, the impact of life changes like marriage and motherhood, and the humorous parenting anxieties that lead into investment talks. Her story emphasizes redefining success beyond financial milestones.
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Childhood Financial Struggles
- The Money Diarist grew up in a low-income, single-parent household where money was a constant source of stress and arguments.
- To help, she saved her lunch money, even going without food, which her mother later discovered.
Early Financial Decisions and Debt
- Determined to escape poverty, the Money Diarist got a full-time job at 17 and immediately acquired debt through a car loan, credit card, and phone plan.
- By 20, she had accumulated $30,000 in debt, driven by lifestyle inflation and the desire to appear financially stable.
Advice on Borrowing
- Avoid borrowing money, especially early in life.
- Don't blindly trust lenders; they prioritize their profits over your financial well-being.