How a financial influencer built a multiple six-figure portfolio

One of nan astir effective ways to execute a comfortable manner is by processing aggregate streams of income.

Recent investigation by Sage reveals that 32% of 24–44-year-olds person a 2nd job, alongside 28% of those aged 45–54. Meanwhile, 68% of 16–34-year-olds study having aggregate income streams aliases broadside hustles successful summation to their main employment.

Euronews said to financial influencer Jenny Okpechi (@savvymoneygirl) astir really she built a aggregate six-figure finance portfolio – and why she believes it’s important for young group to commencement investing early.

Building a aggregate six-figure portfolio

While a aggregate six-figure portfolio mightiness sound impressive, Okpechi emphasised that her occurrence didn’t hap overnight. She highlighted nan value of starting mini and remaining accordant – moreover successful nan look of economical pressures and taste barriers.

Raised successful a accepted African household, she saw first-hand really financial matters were often viewed arsenic nan domain of men, pinch taste norms often limiting women’s financial empowerment.

“I started very young – astatine 16 – by getting very intentional pinch my money. At nan time, liking rates were reasonably decent, and you could get a treasury measure finance pinch an yearly return of 20%. I began learning really to tally a business and negociate finances arsenic a woman, conscionable to beryllium that I could do what a antheral could do – and nan knowledge I acquired from doing truthful changed my life,” Okpechi said.

Her attack progressive meticulous budgeting, surviving wrong her means, and regularly putting money speech into savings.

“Over time, I moved from savings to investing successful treasury bills, commercialized papers, firm bonds and stocks,” she noted. 

Many young group clasp disconnected connected investing because they deliberation they request to scope a definite income level earlier starting pinch a larger amount.

However, Okpechi explained: “I didn’t hold to gain a lot. I started investing arsenic a student pinch what I had and this made maine activity retired different ways of making other income for illustration paid surveys and online tutoring. I moreover attempted blogging but I had to extremity because of my studies.”

She added: “Over time, acknowledgment to compound liking and accordant investing, it grew. I treated wealth-building for illustration a semipermanent relationship: commitment, patience, and check-ins.”

The financial influencer presently has 8 income streams. These see her full-time domiciled arsenic a Scrum Master and a part-time position arsenic a healthcare assistant. Digital products – specified arsenic eBooks, finance guides, and vendor lists – shape a 3rd income stream, while sponsored content, including partnerships and marque collaborations, dress up a fourth.

Another root of income comes from her investments, which see existent property finance trusts (REITs), stocks, and scale funds. At 1 point, Okpechi moreover earned five-figure dividends. Subscriptions – including paid members of her finance organization – adhd yet different stream.

She besides earns done connection trading and contented creation, and is presently building Moneybestie, an AI-powered fintech app designed to simplify financial literacy, peculiarly for women and teenage girls.

“I salary myself first and put consistently, I only put successful what I cognize and understand truthful I support it beautiful boring and simple.”

Investing early

One of nan cardinal pieces of proposal Okpechi offered young group starting to build their portfolios is to commencement small—but commencement smart, by search spending and maintaining a budget.

She besides emphasised nan value of surviving beneath one’s intends and resisting adjacent pressure, arsenic good arsenic acquiring a valuable skill.

“There are bully debts and bad debts, debar nan bad debts. Invest early and consistently, moreover if it’s conscionable £25 (€29.8) a month. Automate your savings and investments if you must, that measurement compound liking will thief turn your money faster. Time successful nan marketplace thumps timing nan market,” Okpechi pointed out. 

She besides highlighted nan value of avoiding manner inflation, which occurs erstwhile spending rises alongside income.

“Learn astir money for illustration your financial state depends connected it, because it does!” she said. 

According to nan 2024 Schwab Modern Wealth survey, Generation Z are starting to put overmuch earlier than erstwhile generations, astatine an mean property of 19. This contrasts pinch babe boomers, who began investing astatine astir 35, and millennials, who typically started astatine 25.

Okpechi besides recommends websites specified arsenic Nasdaq, Seeking Alpha and Dividend.com for young investors conscionable starting out. She suggests books for illustration The Richest Man successful Babylon by George Clason, The Intelligent Investor by Benjamin Graham, and Rich Dad Poor Dad by Robert Kiyosaki arsenic valuable resources.

Challenges on nan way

Okpechi highlighted that consciously unlearning accepted African views connected money was a important situation successful her journey. This is particularly existent arsenic galore African cultures prioritise passing connected wealthiness and assets, specified arsenic property, to antheral heirs.

Girls are often expected to marry, move into their husband’s home, and trust connected their husbands for financial security. Consequently, investing successful daughters is often seen arsenic a discarded of resources, which intends galore women from African backgrounds struggle to execute financial independency later successful life.

Another situation Okpechi faced was dealing pinch imposter syndrome arsenic a female moving successful finance and technology, while besides confronting gender stereotypes successful a predominantly antheral industry.

Investing and finance stay mostly male-dominated fields, pinch women investors and experts often having to continually beryllium their expertise and credibility, particularly erstwhile addressing audiences.

Juggling aggregate jobs and coping pinch burnout, on pinch resisting societal spending and adjacent pressure, were further obstacles.

“I learned to forgive myself for financial mistakes and support going anyway. If I had to do it again, I’d talk much openly astir money. It breaks nan shame and helps others turn too,” Okpechi said.