We chatted with Damona about one of the impactful relationships in your lifetime: the one you may have together with your funds. Right here’s what she needed to say.
Who’re your cash heroes?
The primary cash guru that I adopted was Suze Orman. Her recommendation is at all times delivered with confidence and readability. I spent many late nights binge-watching back-to-back episodes of her on tv and taking notes. I had by no means considered myself as all for finance or investing till Suze made it accessible to me. We truly had deliberate to interview her for the FreshBooks I Make a Residing podcast in Season 3 however couldn’t line up schedules. It was most likely for the very best, as a result of I might’ve had finance fangirled all over.
How do you prefer to spend your free time?
I work onerous and I play onerous. I like doing actions with my two children, both instructional actions (like museums) or adrenaline-filled actions (like using rollercoasters). With my husband, we’re foodies and love to search out the most well liked new eating places to eat at. Coming from the leisure trade, we additionally each love films and reside theatre. After I’m solo, you could find me sipping lattes at our native espresso store, doing yoga, or on the spa. How L.A. is that!?
If cash had been no object, what would you be doing proper now?
Truthfully, I don’t let cash stand in the way in which of what I need to do. I’m doing what I need to do proper now, and I at all times discover a approach to make the funds assist my pursuits. I most likely would do extra touring, however as a mother and an entrepreneur with a lot of purchasers to serve, there are loads of different elements that stop me from exploring the world as a lot as I wish to.
What was your first reminiscence about cash?
My first reminiscence about cash was most likely getting cash from the tooth fairy. As somebody who at all times wished to consider in supernatural issues I wished her to be actual so badly, however I discovered it odd that the charges for tooth assorted so dramatically from home to accommodate.
What’s the very first thing you keep in mind shopping for with your individual cash?
I’m relationship myself once I say this, however right here goes: I accompanied my older sister to the document retailer once I was about 10 years previous and I noticed a cassette tape of Lisa Lisa & Cult Jam. I listened to music on the radio and I had a number of data of children’ music, however I had by no means purchased my very own music earlier than, not to mention something cool and High 40. I solely knew one in every of their singles and questioned if I would love the remainder of the album, too. My sister reasoned that if I preferred one in every of their songs, I might most likely just like the others, so I purchased it.
What was your first job?
My very first job was truly doing billing for my mother’s enterprise once I was about 13 years previous. My mother hated math (nonetheless does) and was determined to outsource the work to another person, and I used to be determined to earn extra money to purchase extra cassettes and see extra films on the mall.
What was the most important cash lesson you discovered as an grownup?
My greatest cash lesson was discovered whereas shopping for my first house. It occurred accidentally. My boyfriend (now husband) and I had been relationship for just a few years, and we began to go to open homes for enjoyable. One Sunday, we unexpectedly stumbled upon my dream home, and it was in our value vary and had been sitting in the marketplace for some time. I referred to as my buddy who was a realtor and she or he walked me by means of the method, assuring me that we’d have the 30-day escrow interval to alter our minds. In the long run, I bought the keys to the home and an engagement ring on the identical day. It’s the place we began our household, the place I first ran my enterprise, and the place we shaped many recollections. Through the financial downturn in 2008-2009, our home misplaced practically half its worth and I nervous that I’d made a horrible mistake however ultimately we held onto it and had been capable of promote it just a few years later for a little bit greater than we paid with a number of presents to select from.