Roshida Dowe has all the time been a tough employee. From her early days as a receptionist to her choice to go to legislation faculty and spend years as a client automotive finance lawyer in Silicon Valley, she is well-accustomed to the grind.
However in 2018 at age 39, all the things modified when she was laid off and determined to capitalize on her newfound joblessness by taking a yr to journey the world. Throughout her travels, she realized that she beloved having the liberty to do no matter she needed, at any time when she needed, and determined to show her sabbatical right into a full-time way of life.
Dowe has since left her life in the US behind. She now lives in Mexico Metropolis the place she is having fun with what she calls an “unintended retirement,” working as a life coach and operating her personal YouTube channel. Now 42, Dowe’s funding portfolio is value greater than $1 million, and he or she is not planning on leaving “retirement” anytime quickly.
Although she grew up in a center class household, Dowe’s mother and father did not speak to her about their funds fairly often, she says.
“There have been instances once I knew we had [money] and there have been instances once I knew we did not,” Dowe tells CNBC Make It. “But it surely wasn’t actually the subject of dialog loads. My mother and father stored me out of their cash conversations.”
Early in her profession, whereas working as a receptionist after graduating from school, Dowe wasn’t very financially savvy. A part of what led her to legislation faculty on the College of Virginia was the conclusion “that I could not afford myself” on her receptionist wage.
The legislation diploma allowed Dowe to command a a lot larger wage, but in addition left her with greater than $200,000 in pupil mortgage debt, together with some leftover from her undergrad years. She tackled the debt by diligently slicing down her bills and placing cash towards her loans earlier than spending on different issues.
After paying off her money owed whereas working as a company counsel, Dowe stored the habits she had constructed and put any more money towards financial savings and investments.
“I bought within the behavior of placing that very same sum of money away each month,” she says. “As my earnings grew, I pushed a bigger sum of money apart.”
In 2018, the corporate she labored for was shut down by its dad or mum firm, and he or she ended up getting laid off and shedding her six-figure wage, which at that time was about $200,000. As an alternative of searching for a brand new job instantly, Dowe determined to take a yr to journey.
Throughout her yr overseas, Dowe visited 44 cities in 23 international locations, however Mexico Metropolis was the one place she visited greater than as soon as.
“I actually beloved how I felt once I was right here,” she says. “I beloved the vitality of the town.”
That is why, regardless of her authentic plan to return to the U.S. after her profession break and discover a new job, Dowe determined to remain in Mexico.
“Touring and seeing that the best way we work ourselves to demise in America will not be widespread all over the world made me understand I might have a distinct life if I made the selection to have a distinct life,” she says.
With greater than half one million in her investments on the time and about $150,000 in inventory from her previous firm, Dowe calculated that she had greater than sufficient cash to dwell in Mexico Metropolis for no less than “some time.”
“I had paid off all my debt, I saved cash,” she says. “And once I realized I did not need to work once more, I did the maths.”
She is presently on a 1-year residency visa and in 4 years can be eligible to use for a everlasting visa.
Whereas Mexico Metropolis is not as reasonably priced a spot to dwell as another components of the nation, Dowe says that the $1,200 lease for her high-rise residence remains to be lower than she had been paying within the U.S. Total, her bills clock in at about $2,300 monthly.
Whereas she was touring, Dowe posted updates about her journey in order that her household and pals might comply with alongside. Over time, she grew a following of followers, a few of whom reached out for recommendation.
“Strangers, largely girls, have been reaching out to me and saying ‘You took a profession break? I need to do this too. Are you able to inform me extra about it?'” she says. “I used to be serving to everybody who got here alongside, and finally I noticed this may very well be a enterprise.”
Now, Dowe works as a life coach serving to girls “who need to take profession breaks [and] depart jobs that do not deserve them behind.” Her shoppers are sometimes girls who need to dwell overseas, however do not know if they will.
“A variety of my time is spent exhibiting folks the probabilities and exhibiting them what their life would appear to be in the event that they made the leap too,” Dowe says. She additionally runs a YouTube channel the place she paperwork her travels.
These income streams usher in between $3,000 and $5,000 every month. “The earnings that I get from this prevents me from needing to withdraw something from my investments,” she says.
Even if she runs a profitable enterprise, Dowe considers herself retired. She by no means works greater than 4 days per week and sometimes takes weeks or months off at a time to do no matter she desires.
“Lots of people assume retirement means you are not working in any respect, and in case you are working you then’re not likely retired,” she says. “I solely do work I really like and I solely do it once I need to.”
Finally, her life is designed to maintain the extent of happiness she says she skilled whereas touring, throughout which Dowe says she “was the very best model of myself.”
“I used to be open, I wasn’t harassed, I used to be allowed to do no matter I needed to do,” she says. “Once I had the chance to remake my life from scratch, I made the selections that made me joyful.”