Ep. 2: Broke to $8.5 Million

Dec 9, 2022 | Podcast

True Wealth Conversations
True Wealth Conversations
True Wealth Conversations

Summary

On today’s episode, I am sharing how I went from being broke to making $8.5 million per year. I explain how I went from getting my first internship to completely broke to where I am today.

I explain how I felt this need to help others who didn’t have a lot to invest, how I thought I failed myself when I went broke, and how I picked myself back up (with the help of my family) and paid off my debt and built this eight figure company that I have today.

I am so thankful that I am able to make such a big impact on so many through my courses and I plan to help even more. If you are finding yourself in a dark valley and feeling like you can’t see your way out, keep going. Keep following your dreams. It is so worth it.

Key Takeaways

On my journey to helping others, I share my different ideas I had before I started my company. I really wanted to help the ones who needed help with investing. I ended up getting a booth at an event and started my financial coaching company. That was my first big investment for myself. I share more about that journey in this episode and how I ended up not charging enough and couldn’t pay the bills that were coming in. I felt awful. I felt like I failed. I ended up talking with my mom and she helped me. I went to my grandfather and we sat down and went through my mail with my debts one by one and made a strategy to start paying those off. It didn’t feel so big once I sat down and went through it all. I made that strategy to pay it off and budgeted based on what I was bringing in and how much I could afford to pay all of those debtors and I started calling them and paying debt off. 

Communication is key with finances and I ended up getting my car back and not losing my house. I ended up getting a consulting job and later ended up launching the Finances Demystified Bootcamp which was the first course that I created. I increased my prices because I realized I wasn’t charging enough. I launched another course and gave birth to my second daughter (all during a pandemic). The pandemic slowed things down including my speaking engagements and I realized that I wanted to start trading again. My husband and I started teaching a couple of family and friends about trading and they were getting it so we decided to launch a course. We scaled that course from $0 – $800,000 in 5 months – mostly from word of mouth. By the end of that year, I had the first million dollar month and then scaled it to the 8.5 million it’s at today. It was truly a blessing and took a lot of hard work to go from nothing to 8.5 million a year! There are now 4,400 students in that one course alone and another 14,000 in the other courses. 

I say all of this to say – keep going! There will be people who tell you to stop and not follow your dreams. Keep pushing forward. It’s worth it. I truly hope this story was motivational for you. If you are feeling like you are in a dark valley, keep pushing forward. 

Thank you so much for tuning in to True Wealth Conversations!

In this episode, we covered:

-How I went from being completely broke to $8.5 million a year!

-The courses and how I help people

-Keep pushing forward and following your dreams

Resources and links mentioned in this episode:

-Check out my last episode about what True Wealth Conversations is all about!

-Connect with me on Instagram: @dominquebroadway

-LINK FORBES ARTICLE: https://www.forbes.com/sites/geristengel/2022/02/23/how-a-financial-planner-went-from-broke-to-generating-85-million/?sh=5b626d931961

MORE ABOUT TRUE WEALTH CONVERSATIONS WITH DOMINIQUE BROADWAY:

True Wealth Conversations is your safe space to have healthy and wealthy conversations about life, love, business and motherhood. Together we will unlock the true meaning of wealth with weekly episodes hosted by Top Millennial Money Expert Dominique Broadway.Dominique has won numerous awards such as being named one of the Top Financial Advisors for Millennials in the U.S., Changemaker of the Year, Businessperson of the Year in Washington D.C. and the Top 30 under 30 in Washington D.C. She does all of this while also being a mom of 2, a friend, and an inspiration to many. Connect with Dominique across social media: @dominiquebroadway or learn more on her website at: www.dominiquebroadway.com.

Broke to 8.5 Million

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