Odetoyinbo give up her full-time advertising job at a Massive Six financial institution a yr later, after she realized she was making an impression within the private finance world. “There wasn’t a lot illustration of Black Canadian ladies within the area,” says Odetoyinbo, who relies in Toronto.
In 2022, she launched the #ReniReturnsChallenge, a web based accountability group, to assist her followers persist with their monetary plans. The group’s 100 members collectively saved $935,000 over one yr and made a sizeable dent of their money owed. When you’ve got #moneygoals of your individual, learn Odetoyinbo’s investing, budgeting and saving suggestions.
Who’re your monetary heroes?
My monetary hero is my dad. He began instructing me about cash after I was solely 4 years previous. He taught me the best way to make investments from the age of 18. My mother and father gave me a monetary leg up by educating me from such an early age, and I shall be eternally grateful.
What’s your cash philosophy?
My cash philosophy is to pay your self first. This implies placing your cash in direction of your targets, like saving and investing, earlier than the rest. It has benefited me immensely.
What’s your subsequent cash purpose?
I’d love to achieve some extent the place I can have a work-optional life. The place my investments are comfortably funding my life.
What’s one thing you “deal with your self” to, that you simply don’t thoughts splurging on?
I’ll all the time deal with myself to a pleasant trip or a very good meal! The bounds don’t exist in the case of these two issues.
What’s your favorite possession?
My passport. Thus far I’ve been to 34 international locations, and I hope to go to many extra.
