Welcome to our Financially Fabulous Female series!
In our almost year-long journey of creating Mo’ Money, Mo’ Progress, we’ve had the chance to learn from some absolutely amazing women (and men) who have taught us how to earn more, negotiate, save and take control of our finances.
In a monthly series we are excited to share with you our inspirations!
The first financially fabulous female we’re excited to share with you is Shannon Lee Simmons.
As a CFP (Certified Financial Planner), CIM (Chartered Investment Manager) and founder of The New School of Finance, Shannon is in the trenches of helping SO many people learn how to take control of their money. What’s so amazing about Shannon is that she teaches with humour and relatability. In The New School of Finance she has course called ‘Don’t Get Effed at Tax Time,’ ‘Budget with Your Boo,’ and ‘Track that Shiz’ to name a few.
We had the chance to ask Shannon a couple of questions and we’re thrilled to introduce you to our first Financially Fabulous Female!
1. Hi! Who are you and what do you do?
I’m a certified financial planner, chartered investment manager and founder of the New School of Finance.
2. Do you have a money habit that you practice that has made a big impact on how you make mo’ money or manage what you’ve got?
At the beginning of every year I list out my goals and plot out what needs to happen financially for me to make those happen. Then, I work backwards from there. I do my finances on purposes and adjust every year to reflect new goals, constraints and priorities. The savings plan I had when paying down student debt ain’t gonna cut it when saving for a down payment. I do this with my friends – we make a whole planning day around it. It’s not boring, it’s really fun and makes you motivated to reach your goals!
3. Who taught you how to manage your money? What was their best advice?
My parents. Their advice: Don’t let money define you.
4. What does being ‘financially stable’ mean to you?
Having enough money to pay your bills, travel and save for the long-haul.
5. What is the main lesson you think Millennials need to learn, or hear about, when it comes to making mo’ money and mo’ progress?
A little bit can go a long way. Don’t get discouraged. 🙂
Learn more about the amazing Shannon Lee Simmons here: