Catching Up to FI "Mama, Are We Poor?”: a Single Mom's Millionaire Mindset | Monica Scudieri | 120
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Feb 2, 2025 Monica Scudieri, a single mother who defied the odds by achieving financial independence after facing $257,000 in debt, shares her inspiring journey. She recounts her immigrant family's story and the resourcefulness that helped her manage finances as a single mom. Monica discusses the importance of resilience and strategic goal-setting, illustrating how these elements led her to success. She also emphasizes the critical role of financial literacy and community support in empowering women, especially single mothers, on their paths to financial freedom.
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Monica's Definition of Poor
- Monica Scudieri's son asked her if they were poor after her divorce.
- She reassured him they weren't poor because they had basic necessities and each other.
Parents' Immigration Story
- Monica's parents immigrated to the US from Italy with limited resources and education.
- They achieved the American dream by working hard, owning a home, and supporting their children's education.
Prioritizing Needs Over Wants
- Live below your means and prioritize basic needs over material possessions.
- Focus on time and experiences with loved ones, especially during financial hardship.