From $12,000 to $650,000: The Journey of a Successful Trader

💼Lauren Simmons started her career as the youngest trader at the New York Stock Exchange and made history as the second African-American woman to work there.

💰She went from earning a salary of $12,000 to making $650,000 a year, thanks to her hard work, determination, and financial discipline.

📚In addition to her trading career, Lauren is an author, producer, and the host of a Spotify podcast and a TV series.

📊She is an investor and sits on the boards of various financial companies, showcasing her knowledge and expertise in the finance industry.

💡Lauren emphasizes the importance of budgeting, saving, and investing, and shares her personal money-saving tips and strategies.

What was Lauren Simmons' starting salary at the New York Stock Exchange?

—Lauren Simmons started her career at the New York Stock Exchange with a salary of $12,000.

How much does Lauren Simmons make per year now?

—Lauren Simmons currently makes $650,000 per year.

What other roles does Lauren Simmons have besides trading?

—Alongside her trading career, Lauren Simmons is also an author, producer, podcast host, investor, and board member of financial companies.

What advice does Lauren Simmons give about money management?

—Lauren Simmons emphasizes the importance of budgeting, saving, and investing for a secure financial future.

What is Lauren Simmons' approach to investing?

—Lauren Simmons advises doing proper due diligence and understanding what you're investing in before making investment decisions.

00:00Lauren Simmons started her career as the youngest trader at the New York Stock Exchange, making history as the second African-American woman to work there.

01:52The salary disparity between different firms at the New York Stock Exchange highlighted the importance of negotiation and understanding HR policies.

02:58Lauren keeps a $23 bill from her first paycheck as a reminder of her starting point and how far she has come.

03:35She shares insights into her personal expenses, including her apartment rent, monthly food expenses, and expenses for her pet dog.

04:19Meditation has been an important part of Lauren's life, providing mental clarity and enhancing productivity in her entrepreneurial endeavors.

05:00Lauren's aggressive saving habits, learned from her mother, have helped her build a strong financial foundation.

06:02She believes that digital currency will become permanent in the future, and she would consider investing in a new digital currency once it becomes centralized.

06:56Lauren started investing in the stock market during the crash of March 2020 and emphasizes the importance of doing thorough research before making investment decisions.