Business Savy Lady Makes N269.7 Million a Year Trading in Stocks, Wants to Hit N415 Million at the End of 2022

Cursory: An intelligent lady is on her way to becoming a billionaire after she made her first million trading in stocks. She had vowed to surpass her male colleagues in the stocks industry after she learned that she earned far lower. According to her, her mothers prudent savings taught her to save 85 per cent of income and be frugal in spending

An author, producer, podcast, angel investor and TV host, Lauren Simmons introduces herself as one who works in finance to several people In 2017 when at the age of 22, Simmons became the youngest full-time female trader on Wall Street and the second black woman trader in the New York Stock Exchange in the history of the exchange.

According to a CNBC report, Simmons learned she was being paid almost N5 million while her male colleagues were earning about almost N50 million. From that time on, she decided she will not make anything less than N5 million a year.

She left stock trading in 2018 and formed a limited liability company to manage all jobs. She has secured deals on books, movies, TV shows and two podcasts contracts. She makes more money from speaking engagements and earns six figures on brand endorsements.

According to her, she works long hours and on weekends, staying up in meetings as early as 3 am and as late as 11 pm because she works with from all over the world.

She recently relocated to Los Angeles where she made N269.7 million and is on track to make N415 million. The serial investor grew up in Marietta, Georgia with her mother, twin brother and a younger sister.

She revealed that her mother’s strict budgeting is responsible for how she learned to save 85 per cent of her income. She began to do that when she started earning N5 million every year.

She saves all her earnings into a savings account and does not touch them.

Read Also: Meet Kat, 28-year-old Lady Who got a whooping N415m Teaching Excel on TiK-Tok

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