“How A Homeless Single Mother Became A Millionaire in 18 Months”
After a separation from her husband, Elon
Bomani and her newborn son moved into a women’s shelter. She says, “I
found myself homeless because I had given up my power. I bought into the
idea that men were better at math than women even though I had
graduated with two degrees. I was programmed that men are supposed to be
the providers and handle the checkbooks.”
“I went to the library and punched in
millionaire and I read every single book on biographies of millionaires,
anything dealing with money, stocks, bonds, real estate, commodities
trading, e-business, taxes, you name it.”
Bomani’s first priority was to leave the
shelter and move into her own home. Though she had $36 dollars in her
checking account, she knew her dream could come true. With the advice of
her father, she studied real estate guru Carleton Sheets’ “no money
down programs.” She found a lender that would finance 100 percent of her
home loan. She asked the seller to pay closing costs on the $125,000
home and walked away from the closing with a $625 dollar check. Without a
job, Bomani says, this was just the beginning of her journey.
“I thought creatively. I rented out my room.
By renting out one of my rooms, that gave me half the mortgage, the
other half was her (roommate) deposit. “I didn’t have to pay my first
mortgage until a month and a half later.
With a new wealth consciousness, she
recognized the housing market was profitable at the time and then took
equity out of her home to invest in other properties. “I did speculative
real estate investing. I went to new developments and put a down
payment on property to hold it until it closed. The property closed
within a year and it had already increased in excess of $100,000. So I
invested approximately $20,000 ($5,000 on four properties) using cash
advances from credit cards, not even my money. I walked out of the deal
with $400,000.”
“I accumulated over 16 pieces of real estate
property over the course of three years. In doing so, that gave me a net
worth of $2 million dollars and I was able to live off the positive
cash flow of the real estate.
“Being a millionaire, it’s a formula to it. If you study it and practice it, you’ll become it.”
Today, Bomani owns and operates four companies and has a book out, titled: “Dynamic Diva Dollars.”
- don’t settle. ever. whether it’s people or things. know your worth.
- don’t be catty or messy. focus on yourself. getting into fights and having beef with other women/people is really tacky.
- being a bad bitch doesn’t mean you’re mean. keep it cute and be polite and respectful, even to those you don’t necessarily don’t care for. being rude is corny.
- pamper yourself always. keep yourself up, look good for your own damn self.
- don’t let anybody waste your time bc it’s precious and contrary to what you may think, you don’t have much of it.
- YOU are your best support system. take care of yourself. be your #1 supporter.
- as a woman, you are often told to see other women as competition. stop thinking that way. look at the beauty in other women, and soon you will start to see beauty in yourself. build healthy relationships with women. sisterhood is so important.
- do not prioritize a man over everything else. a man is not your world. he just lives in it.
- success is the best revenge.
- don’t catch feelings for just anybody. your love and care is sacred,and for you to take it there with somebody, they gotta earn that shit. don’t fuck with anybody who doesn’t respect you and see your worth. stop fucking around with bum ass people that don’t give af about you.
- don’t let ANYBODY disrespect you. don’t take shit from anybody.
- don’t let anybody play you like you’re stupid. trust your gut, if you feel like you’re getting played, trust your instinct.
