A Story NOT Being Told About Financial Literacy
In the past year and a half, Kara Perez founded her own company [Bravely] and has been featured in magazines like Glamour, Forbes and Austin Woman. She’s established herself as a paid contributor to numerous websites in the ‘financial blogosphere’ and recently started her own podcast, The Fairer Cents, where she and her co-host Tanja, untack sticky financial conversations.
And to truly comprehend how impressive all of that is, you first have to understand that just three short years ago, on the regular, Perez confesses to having spent an unhealthy amount of time openly sobbing in her car.
In her own words: “I like to refer to summer 2014 as ‘crying-in-cars-2014,’ because I did, indeed, spend June through August of that year crying almost every time I got into my car. Once I was tucked into my little sedan, all my anxiety and stress bubbled to the surface. I was making $900 a month, carrying $18,000 in debt, and had no idea how to break the cycle. I felt trapped by my low income, and was scared witless that this would be the rest of my life.”
You see, like many, Kara graduated college in the middle of the recession, with limited job prospects and mounds of student loan debt.
“Back in 2011, no one was hiring and certainly no one wanted me, with my English degree,” she explained in our interview. “So I picked up a job catering and another gig as a part time receptionist, making $9 per hour … At this point I’m three years out of college and I’m freaked out … I’m doing everything I can to kind of exist. But I’m not thriving and I’m not growing.”
So, what transpired next would likely baffle even the boldest of optimists. Somewhere deep inside, Perez found the courage to change her story. When the pain of a future of financial mediocrity became too much to bear, she cinched up her big girl pants, put her head down and went to work. Literally.
By the time she came up for air, she’d eliminated a 10-year debt in just 10 months. And get this … In 2015 alone, Kara managed to sock away $23,000 on an income of 32 grand. Let that sink in for a moment.
Kara’s story highlights the freedom that can only come by way of tapping into the twin super-powers of discipline and grit. Today, as the leader of the Bravely community, her’s is a fresh voice in a somewhat stale world of personal finance conversations. Her’s is a mission to help her generation and the next establish a healthier relationship to money.
In this episode of Voices of Impact, Kara and I discuss the importance of having healthy conversations of money. We identify the lessons that are not being taught at home about financial literacy. And we talk about how her company, Bravely, provides a supportive environment for women to tackle their biggest financial challenges.
Interview Post & Transcript: http://www.voicesofimpact.com/kara-perez