Ep. 146 — How Tela Holcomb Doubled Her 401(k) In 6 Months and “Traded” Her Way to Financial Independence
Tela Holcomb, is a self-described “mom, wife, six-figure stocks and options trader, 9 to 5 survivor, risk taker and freedom catcher.”
But she wasn’t always a stock trading wiz. It wasn’t until Tela lost her job in 2012 that she decided to dive into learning all she could about the stock market.
Today, Tela supports herself on income she earns from a combination of short-term stock trading and long-term investing and saving, as well as income earned from teaching online courses on how to trade. She joins Brown Ambition today to offer tips* for beginner investors looking to get into the market — and gets real about what it really means to trade, day trade and invest (yep! they are all different). From purchasing her first stock (Coach!) to making $12,000 in three days to losing $7,000 in the blink of an eye, Tela opens up about the good, the bad and the ugly side of the market and how you can avoid common pitfalls.
“Start with the products and services you know because it’s going to motivate to you to keep going.
If you’re looking to start learning more about stock trading, check out Tela’s free online course: telaholcomb.com/theexchange.
And check her out elsewhere:
*Disclaimer: Any conversations on our show about investing and investing strategies shouldn’t be taken as investment advice. This is strictly for education purposes and if we mention companies or specific strategies, it’s not a recommendation but rather an example.
Happy Brown Ambition Wednesday!
We’re bi-coastal this week y’all, as Mandi gets into vacay mode on the West coast (kind of…) and Tiffany returns from her Universal Studios Budgetnista retreat.
This week we dive into our reader mail bag to answer your burning debt questions. Have a question for us? Hit us up at Brownambitionpodcast.com or shoot us a note at email@example.com.
We want to hear your recession comeback stories. Send us an email at firstname.lastname@example.org or tweet us @theBApodcast to let us know how the recession touched your life in good ways or bad and how you’ve changed since.
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Happy #BrownAmbition Wednesday!
On today’s show, Tiffany opens up about the pressures of scaling what was once a one-woman business into a juggernaut with full-time employees, benefits, and all the complications that come with it.
“It’s so much more than just the people who are involved. When I talk to [my employee] on the pone and I hear her baby crying I think oh my gosh it’s not just her. This has to work for all of us… There’s so many people are depending on this working. It’s a lot of pressure but it’s also a lot of fulfillment to be able to do this work.”
Also, on the show Tiff announces a special deal on the Live Richer Academy. Sign up at https://joinLRA.com!