Episode 359: How these Two First-Gen Latine Siblings Went From Paying Off Debt to Six Figure Net Worths

This week on the Journey to Launch Podcast we’re featuring Israel and Sunem Tovar, two first-gen Latine siblings who empower people to use money to live their lives on their own terms. They discuss their financial journeys & achievements by sharing how Israel built a six-figure net worth by the age of 26 on a teacher salary and as a first-gen, openly gay latino, and how Sunem built a $250,000 investment portfolio and holds a Master's in finance.

Despite attending prestigious institutions, Israel still felt that he initially lacked financial literacy. Sunem also reveals that she didn’t learn much about personal finance while pursuing her Master’s in Finance. It was through their siblings sharing information with each other that they discovered personal finance blogs & podcasts which helped them save, invest, pay off debt and start the journey towards financial independence.

In this episode Israel and Sunem discuss:

Their backgrounds, experiences with education, and how they navigated financial challenges.
Israel’s journey to building wealth, starting with a $45,000 teaching salary, buying a house, and making strategic financial decisions, such as living with roommates and aggressively investing in retirement accounts.
Sunem’s experience of paying off $42,000 in debt, managing multiple side hustles, and transitioning to aggressive investing.
Their upbringing in a Latino culture that emphasizes strong family bonds which shaped their desire to share knowledge with their siblings and build wealth together
The ethical considerations of investing in real estate, the importance of being intentional with spending + so much more.

Check out the video to this episode on YouTube below or by clicking here: https://youtu.be/fhU2Q_z3Z5A

Other Links Mentioned in episode:

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