Tuesday, September 26, 2023
A recent graduate of Princeton University, has not only emerged debt-free but has also transformed her scholarship success into a thriving business.
Her story highlights the power of financial wisdom and determination in today's uncertain world.
She is 22-year-old Gabriella Carter. CNBC Make It published her story as part of the Millennial Money series.
Her s journey began with a realisation that many young adults face today – the staggering cost of college education. Faced with the daunting prospect of student loans, she decided to take matters into her own hands.
Gabriella embarked on a scholarship-seeking mission that was anything but easy. With unwavering determination, she applied to over 100 different programmes, facing rejection after rejection. But she persevered, learning from each setback, and ultimately secured 35 different scholarship awards, amounting to a staggering $2 million.
This allowed her to graduate from Princeton University in 2022, not only debt-free but with over $100,000 in savings.
However, Gabriella's story doesn't end with her academic success. Recognising the need to share her journey and help others navigate the world of scholarships, she turned to social media.
Gabriella's online presence grew rapidly as she shared tips, insights, and her own scholarship experiences. The impact was profound, and she soon realised that her expertise could be turned into a profitable venture.
This realisation led to the birth of "Growing with Gabby," Gabriella's entrepreneurial endeavour.
The platform partners with brands to promote scholarship opportunities and offers individual coaching to students seeking financial aid.
In 2022, her business generated an impressive $177,000, with expectations of reaching close to $300,000 this year.
Despite her youth, Gabriella is resolute in her pursuit of financial freedom and early retirement. Her approach is rooted in a desire for personal fulfillment and the freedom to pursue her passions without being tethered to a traditional 9-5 job.
Gabriella's financial habits are a testament to her commitment. She prioritises saving and investing, allocating $8,300 towards her high-yield savings account and retirement investment accounts.