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The Long View

Jackie Cummings Koski: Late Starters Can Still Find FIRE

Aug 20, 2024
Jackie Cummings Koski is a certified financial planner and author of "F.I.R.E. For Dummies," dedicated to helping late starters on their financial independence journeys. She shares her inspiring story of overcoming a challenging upbringing and navigating financial hurdles, including divorce. Jackie emphasizes the power of financial education, discusses the benefits of Health Savings Accounts, and highlights strategies for achieving financial independence. Her mission is to empower others, proving it's never too late to start on the path to financial freedom.
52:38

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Jackie Cummings Koski emphasizes that the FIRE movement is not just for the young or high-income earners, encouraging late starters to pursue financial independence regardless of their starting point.
  • Through her work and resources like 'FIRE for Dummies,' Jackie aims to enhance financial literacy, particularly for underserved communities, making financial education accessible and relatable.

Deep dives

Jackie's Financial Journey and Influences

Jackie Cummings-Koski's financial journey began in her childhood, growing up in a low-income household with a single father. This formative experience instilled in her a deep fear of poverty, driving her motivation to achieve financial security. Her father's hard work and sacrifices resonated with her, especially as she faced significant challenges during her divorce, when she became acutely aware of her financial ignorance. This pivotal moment prompted her to take control of her finances and pursue financial education to ensure her daughter would not face the same struggles.

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