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Timika Downes is right up there as the person who has one of the most interesting, profitable, side hustles. In her 9-5 as a school nurse she found that most people are grossed out and have a hard time seeing lice. Where there is a problem, there is a solution- and in Timika’s case, this was a void in the marketplace. She then launched her own lice clinic on the side of her 9-5 and hit six-figures her first year of business. Additionally, she is passionate about FI (financial independence), paying off debt, and helping others along their financial journey through her blog The Reluctant Frugalist.
In this episode we talk about advice for preparing your financial life for starting your business, a peek inside what it takes to run lice clinic, her background in accounting and what led her ultimately to nursing, the difference between FIRE and FIOR, how she paid off $90,000 in debt, the hardest expense for Timika to cut out, and why she considers herself a reluctant frugalist.
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#MoneyWin
Amanda- “I never thought this day would come. I always said I would be 40 by the time I pay off my student loan. Well I can say that I smashed that statement by a year and 15 days. I made the final payment today. I am over joyed I paid off $70K in 12 years with $14K in the last 10 months. I feel so free that I finally own my education!” #moneywin
Connection with kick butt people like Amanda by joining the money nerds club- okay it’s a Facebook group, but it feels like a club. Join the group- Manage Your Money Like A Boss.
