Additional Coverage:
- I’m a mom of 5 and became a millionaire at 39. I drive a Honda Accord, order water when dining out, and don’t pay for the kids’ college. (newsbreak.com)
Achieving Financial Independence by 39
Julia Myers, a former hospital executive, set a goal to become a millionaire before turning 40. After losing her sight in one eye, she retired early and achieved financial independence by age 39.
Frugal Habits and Value-Based Spending
Myers lives frugally, avoiding debt and investing early. She focuses on essential expenses and splurges on experiences like international travel.
Supporting Independent Children
Myers believes in raising independent children. She provides guidance and support, but expects them to take responsibility for their own expenses. She contributes to their savings and gives them a one-time launch payment upon moving out.
Education Assistance with a Twist
Myers doesn’t pay for her children’s college upfront but will help them repay student loans or assist with a down payment on a house. She encourages them to pursue affordable education paths.
Inheritance with a Purpose
Myers plans to leave an inheritance to her children but requires them to donate half to charity. This teaches them the importance of purpose and independence.