I grew up in poverty, but not because my single mom did not make enough income. She actually made really good money. But because she did not have any financial education, she misused her money all the time. We lived house poor, eviction notices always on our door and without any food in the house on most days. I did not want that life for myself, living paycheck to paycheck, and on a prayer. I decided to go to college, in hopes of having more opportunities. I became a first-generation college student graduating with my B.A. in Sociology. I put myself through school with 2 jobs and student loans. Unfortunately, I did not have good financial education, just a poor money mentor, from seeing my mother handle money.
When I graduated I had over $40,000 in student loan debt. I tried to pay them off but would often have to apply for hardship deferments until the grace period ran out. I started working for non-profits that did not pay well and found myself house poor again. Several years later, I had my daughter and married her father, our marriage lasting a grueling 3 months before I called it quits.
I woke up one day knowing that it was enough. My bad relationship with my husband and money had to end! We divorced 2 years later but during that time I was a stay at home mom. Due to the separation and just trying to survive, I used credit card after credit card. I racked up thousands of dollars in credit card debt.
During my time as a stay at home mom, back home living with my mom, I started to do side hustles, eleven side hustles actually. Through my money mindset shift and my side hustles, I got completely debt free in JUST 3 years, with a toddler at home and no full-time job. Now I just sit back, plot ways to build wealth, help other moms reach debt freedom and enjoy life. We all have our story, some stories are harder than others. But the past does not motivate me, the future does!
What does purpose mean to you?
About Valencia Morton: