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Stockton woman helps people navigate financial journey after going from bankrupt to millionaire

“If COVID has taught you anything it's taught us that we can’t depend on a single source of income,” Constance Carter said.

STOCKTON, Calif. — A Stockton woman is helping people navigate their financial journey after going from bankrupt to millionaire in about ten years.

Constance Carter is the CEO of her real estate company, Catalyst Real Estate, and is a multi-millionaire with multiple streams of income.

However, when Carter was starting off her real estate career she said she wasn’t good with her money.

“I didn’t really know how to manage it and I ended up filing for bankruptcy,” Carter said. “I ended up having poor credit. My credit went from an 800 down to a 379 which is almost as low as you can get.”

She said she had to figure out budgeting and finance since she didn’t learn about those topics growing up. She said her parents didn’t have great credit and she was even homeless for a time.

“I had to sit there and think about my life and think about all the things I had gone through and what got me in my situation,” Carter said.

Little by little she was able to build up her credit, start her own real estate company within a year of filing bankruptcy, and now is a multi-millionaire.

She’s now trying to use her experience to help others. She has a Youtube channel, has written several books, and holds workshops.

“If COVID has taught you anything it's taught us that we can’t depend on a single source of income,” Carter said. “One of the things we tout is that you have to have multiple revenue streams.”

She suggests people consider online options and for people to take their knowledge and skills and hold a training session.

Another option she says is to do some freelance work from social media marketing, virtual assistants, to writing. She said people can find gigs on a website called Upwork.

She says with any investment there will be a risk. She encourages people to do their research and make a business plan with specific dates for each goal and understand that success doesn’t happen overnight or even in a year but you have to start.

Got a personal or business finance question that needs an answer? Let the dollars and sense team know by texting us at 916-321-3310.

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