Uncover Nicole Victoria’s Path To Wealth Through Financial Mastery

Finger pressing "TAX + WEALTH" calculator button.

Nine years stand between financial insecurity and a millionaire status in Nicole Victoria’s journey—a testament to the power of financial education.

At a Glance

Nicole Victoria mastered financial knowledge to overcome debt and became a millionaire by 30.
Her journey included self-teaching investment strategies and managing spending habits.
Victoria emphasizes the importance of maximizing income and investing wisely.
She provides practical advice on retirement planning and maintaining affordable living costs.

Financial Transformation Story

Nicole Victoria, a Canadian author and investor, turned her life around by achieving millionaire status by the age of 30. From a family struggling financially, she started working as a cashier at Wendy’s as a teenager. Despite early financial hardships, she was driven by a desire to change her financial trajectory. By 25, she had saved up $100,000 and flipped her first property for a $150,000 profit, substantially growing her financial portfolio.

Victoria learned about personal finance and investing on her own, all while maintaining restaurant jobs. Her understanding of financial management led to a net worth of $3 million, derived from strategic investments in real estate and stocks. She argues that building wealth goes beyond mere saving, emphasizing that increasing income and making informed investments are crucial to financial independence.

I'm teaching you the tips, tools and strategies I used to go from $40k debt to millionaire at 30 🫶 Follow along for more or check out our website to keep learning! pic.twitter.com/JLqyTRZO8E

— Nicole Victoria | Money Coach (@nobudgetbabe) July 9, 2024

Core Strategies for Wealth Building

Victoria’s journey underlines the pitfalls of lifestyle inflation and the need to keep expenses low to achieve financial goals. She recommends beginning investments early—even a small amount each month can compound significantly over time. Establishing an emergency fund, eliminating high-interest debt, and making defensive investments are cornerstones of her strategy. Nicole stresses that viewing a home as an asset should involve a clear income-generating plan.

“My biggest advice is to never build wealth simply by saving, budgeting, and couponing—learn how to maximize your current income. Investing isn’t a nice thing to have; it’s a must-have if you ever want to stop working,” says Victoria

Victoria advises negotiating higher salaries and acquiring new skills as more effective ways to increase income, as opposed to holding down multiple jobs. Her forward-thinking philosophy is encapsulated in her belief that retirement is determined by financial readiness rather than simply reaching a certain age.

The Role of Financial Advisors

Hiring a financial advisor can be a wise move to assist with retirement planning, investment portfolios, and other financial strategies. Advisers should focus on personal needs and preferences, with credentials such as CFP or CFA being beneficial. Understanding fee structures is essential—fee-only advisors are often recommended for transparency and unbiased advice.

“Retirement isn’t an age, it’s a number in the bank—and when you hit that number, you get to stop working, but if you never hit it, then you’ll be stuck. We get one ride in life, and I want to make the most of it instead of being on the ‘exhaustive treadmill’ forever,” said Victoria.

Robo-advisors offer an affordable alternative to traditional financial planners, providing accessible financial management for diverse portfolios. Victoria’s approach emphasizes that even modest financial scenarios can benefit from expert advice.