Lauren Simmons Talks Creating A Wealth Mindset – Forbes
Financial guru Lauren Simmons talks her new podcast, Mind Body Wealth with Lauren Simmons on … [+]
Photo Courtesy of Lauren Simmons
At age 22, Lauren Simmons made history in 2017 as the youngest person and just the second Black woman to work as trader in the 228-year history of the New York Stock Exchange.
Last month, she launched her podcast Mind Body Wealth with Lauren Simmons, which curates conversations about a holistic approach to wealth building.
I caught up with Lauren and wespoke about her time as a trader, misconceptions about money, and her new podcast.
Grove: Growing up, were you always interested in finances and investing?
Simmons: I have always been into personal finances. My family always taught us early on about building up credit and having a checking and savings account. I was put on my mom’s and grandparent’s credit card to build my credit before the age of 18. My mom opened up a teen checking account with Wells Fargo when I was 13 for any allowance that I got. Then,when I was 16 and had my first job. I learned early on to budget and to put a majority of my check into my savings account. It really grew from there. My firsthand experience of investing, obviously wasn’t until I came to the trading floor.
Grove: How did you transition from studying engineering to genetics and then finance?
Simmons: When I was in high school, we had to pick a curriculum that would take us through all four years. I mistakenly got into architectural engineering. At a minimum, I thought I was going to do one semester but I fell in love with it. I love being in spaces where it doesn’t make sense. This has happened to me throughout my entire career. I was the only girl in that class for all four years and one of very few African Americans that were in that class. I thought I would end up going to Georgia Tech or some architectural engineering program. When I didn’t get into an engineering program, I had to pivot once I got to college. For me, it was easy to make that change from engineering to genetics because I have a brother with cerebral palsy. I really wanted to impact families the way that doctors impacted mine growing up. There are so many things on a personal level and on a professional level of how they correlate I mean. I was still heavily involved in statistics, math, and algorithms. So it made sense to make that pivot …….