Payback Time is a podcast for investors. The goal of this podcast is to help make investing approachable and easy to understand. We will interview beginner and experienced investors and ask them to share stories on how they got started, what challenges they faced, what mistakes they made, and what strategy works for them today. The overall objective is to provide you with a roadmap that helps you become a better investor.
My next guest shares her story of transitioning from $60K in debt in her early 30s to achieving financial independence in her early 50s by cutting down expenses and investing in the stock market. In this episode, we talk about how she paid off her debt, how she got started with investing, what investing strategies she uses today, and some of her best-performing stocks. Please welcome Alissa Locke.
key timecodes
01:05 - Background history
04:00 - Investment strategies
07:12 - Deep into her history
08:14 - Reducing expenses without giving up life
11:40 - The importance of studying personal finance
14:00 - Investing journey
17:56 - What she looks for in business
19:52 - The specific stocks that she holds
21:58 - Conclusive comments about her strategy
23:08 - Number of stocks on her portfolio
23:52 - Her insight into the right time to buy and sell
25:16 - The percentage of income she invests
27:37 - Her average returns in the last few years
29:20 - "Extremes are never good": the balance between saving and living
33:15 - Her biggest investment success
36:52 - How she manages her emotions in investing
38:54 - Rapid fire round with personal questions
40:26 - The best investment advice she ever received
40:37 - The worst investment advice she ever received
41:30 - A bit about her business and how to reach her
