Journey To Launch

180- How Lawrence Amassed a Six Figure Net Worth and Doubled His Income to Six Figures (while still in debt)


Listen Later

Lawrence Gonzalez had a choice to make: should he continue falling deeper into debt or get serious and make a plan? With 6 figures of debt, Lawrence decided it was time to make a decision: to be in control of his finances.  He made the decision to not finish graduate school, get a job, and ultimately, live the life he wanted. 

Lawrence is a proud Haitian-American and decorated veteran Sergeant of the United States Marine Corps. He grew up in Haiti until the age of nine and witnessed that his grandmother with six kids was able to make it work with a very low income.  

For Lawrence it all came down to having a strategy. One of the many strategies and skills that Lawrence was able to hone was the language of resumes.  He began working on mastering his resume and went from his first job in 2012 of making $23,000 to getting a new job a year later bringing home $32,000. He saw how much a resume mattered, so 6 months later he did it again but this time managed to secure a government position and doubled his income to $64,000. Now in 2020, he is still in the same government position as an Auditor but has since been promoted and is now bringing in $109,000. 

Even though Lawrence did not finish school, what helped him excel was that he knew his strengths, his passion and wanted to give back to his community.  His story also shows us that you can still have debt and reach your financial goals. Debt is something that he chooses to live with and is manageable for him because he has a strategy. Focusing on building assets and investing has allowed him to own a home, a rental property, and start a small business, which would have been impossible if he focused on paying off his debt first.  Now he is on the journey to achieving his goals of reaching a million dollar net worth in 5 years and retiring in 15 years.

Lawrence acknowledges that reaching Financial Freedom gives him and his financé the opportunity to do even more in the community and help people around them live their best lives. He believes there is a powerful synergy when we help each other out and show others what is possible. 

The main message here is to just start and put one foot in front of the other. We can all do extraordinary things when we just decide to put our foot on the gas. 

In this episode you’ll learn:

  • How to increase your income  
  • How to calculate your magic number to reach financial freedom
  • The importance of having and owning your story 
  • How to have debt and reach your financial goals and much more...

Other related blog posts/links mentioned in this episode:

  • Check out Lawrence’s Instagram post of him and his finacé saving/ investing almost 50% of their income.
  • Elizabeth White was on Episode 59 of the podcast and she shared how she was faking normal until she owned her story.
  • Learn more about the 5 Journeyer Stages in this podcast episode here.
  • If you missed enrollment join the waitlist for my FI course.
  • Check out the other tools that help me with my finances and business here.
  • Check out the Journey To Launch Podcast index here which categorizes all of the Journey To Launch podcast episodes by subject. Now you can binge on your favorite topics or type of episode.
  • Join The Weekly Newsletter List
  • Leave me a voicemail– Leave me a question on the Journey To Launch voicemail and have it answered on the podcast!
  • Watch me on News12  Watch my latest segments on News12
  • YNAB –  Start managing your money and budgeting so that you can reach your financial dreams. Sign up for a free 34 days trial of YNAB, my go-to budgeting app by using my referral link.

Connect with Lawrence:

  • Website
  • Twitter:@GQ_Accountant
  • Instagram:@TheNeighborhoodFinanceGuy
  • Facebook:@TheNeighborhoodFinanceGuy

Connect with me:

  • Instagram: @Journeytolaunch
  • Twitter: @JourneyToLaunch
  • Facebook: Journey To Launch
  • Join the private Facebook Group
  • Join The Money Launch Club Waitlist 
  • Join the waitlist for my FI Course
  • Jumpstart Guide
...more
View all episodesView all episodes
Download on the App Store

Journey To LaunchBy Jamila Souffrant

  • 4.9
  • 4.9
  • 4.9
  • 4.9
  • 4.9

4.9

1,660 ratings


More shows like Journey To Launch

View all
Myleik Teele's Podcast by Myleik Teele

Myleik Teele's Podcast

2,154 Listeners

So Money with Farnoosh Torabi by Farnoosh Torabi

So Money with Farnoosh Torabi

1,943 Listeners

Everyone's Talkin' Money by Shari Rash, Money Podcast for Women, Personal Finance, Relationships & Mental Health

Everyone's Talkin' Money

636 Listeners

Brown Ambition by iHeartPodcasts

Brown Ambition

2,494 Listeners

Afford Anything by Paula Pant | Cumulus Podcast Network

Afford Anything

3,505 Listeners

Side Hustle Pro by Nicaila Matthews Okome | Side Hustle Pro Media

Side Hustle Pro

1,761 Listeners

The Clever Girls Know Podcast by Clever Girl Finance

The Clever Girls Know Podcast

866 Listeners

Therapy for Black Girls by iHeartPodcasts and Joy Harden Bradford, Ph.D.

Therapy for Black Girls

5,613 Listeners

Redefining Wealth with Patrice Washington by Patrice Washington

Redefining Wealth with Patrice Washington

1,534 Listeners

She's So Lucky by She's So Lucky

She's So Lucky

2,552 Listeners

Hello Seven Podcast by Rachel Rodgers

Hello Seven Podcast

581 Listeners

Earn Your Leisure by EYL Network

Earn Your Leisure

7,786 Listeners

The Table with Anthony ONeal by The Neatness Network

The Table with Anthony ONeal

2,008 Listeners

rich & REGULAR with Kiersten and Julien Saunders by rich & REGULAR

rich & REGULAR with Kiersten and Julien Saunders

420 Listeners

Catching Up to FI by Bill Yount & Jackie Cummings Koski

Catching Up to FI

308 Listeners