Here's how a 27-year-old making $112,000 a year in Brookfield, Ill., spends her money. (via CNBCMakeIt)
series, which profiles people around the world and details how they earn, spend and save their money.
Her own upbringing taught her the importance of financial stability: While she was growing up, her parents were fairly well off, with good jobs and some successful real estate investments. That all changed in an instant, Ariza says, when she was around 18.. She says he took her college fund, her mom's retirement savings and all of the couple's investments. "My mom had to file for bankruptcy, and we were pretty much out in the streets.
Ariza bought a two-bedroom house in Brookfield in 2018 for $205,000. She rents out one of the bedrooms and the basement to tenants, for $550 and $650 per month, respectively . She rents out half of her garage for $70 per month, and rents her Subaru on"In five years, I hope to have a rental property in addition my regular home, and I hope to have more financial freedom," she says. "I definitely want to be able to work less and not have to work seven days a week.
Ariza would like to have the ability to retire at 55. "I just want to have the choice, because you never know with life," she says.Born and raised in Seattle, Ariza came to Chicago for undergrad, quickly fell in love with the city and decided to stay. It has endless entertainment options, she says, but it's also relatively affordable.
"It's a great way to find quality pieces," she says. "With a lot of the fast fashion, there is no sustainability in there, and I think when you purchase clothing from these thrift shops they're actually quality clothes, and they last a long time."
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