S2E17 - Alissa Locke – Financial freedom from blue-chip stocks

Payback Time Podcast Payback Time is a podcast for investors. The goal of this podcast is to help make investing approachable and easy to understand. We will interview beginner and experienced investors and ask them to share stories on how they got started, what challenges they faced, what mistakes they made, and what strategy works for them today. The overall objective is to provide you with a roadmap that helps you become a better investor. Alissa Locke My next guest shares her story of transitioning from $60K in debt in her early 30s to achieving financial independence in her early 50s by cutting down expenses and investing in the stock market. In this episode, we talk about how she paid off her debt, how she got started with investing, what investing strategies she uses today, and some of her best-performing stocks. Please welcome Alissa Locke. key timecodes 01:05 - Background history 04:00 - Investment strategies 07:12 - Deep into her history 08:14 - Reducing expenses without giving up life 11:40 - The importance of studying personal finance 14:00 - Investing journey 17:56 - What she looks for in business 19:52 - The specific stocks that she holds 21:58 - Conclusive comments about her strategy 23:08 - Number of stocks on her portfolio 23:52 - Her insight into the right time to buy and sell 25:16 - The percentage of income she invests 27:37 - Her average returns in the last few years 29:20 - "Extremes are never good": the balance between saving and living 33:15 - Her biggest investment success 36:52 - How she manages her emotions in investing 38:54 - Rapid fire round with personal questions 40:26 - The best investment advice she ever received 40:37 - The worst investment advice she ever received 41:30 - A bit about her business and how to reach her