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Lauren Simmons is the perfect example of a story about turning tragedy into triumph. In an op-ed for CNBC, the history-making Wall Street trader talked about how her journey was full of twists and turns — but it was her humble origins that kept her grounded. “One thing I’ve noticed is that, in general, most people have poor spending habits and struggle to save money. It may sound intense, but I save 85% of my annual income,” she explained. Additionally, Lauren Simmons also went into great detail about the difference between her needs and her wants. She saves money by taking care of her housing expenses upfront, splitting the cost of “treats” (like streaming service subscriptions) with other members of her family, plus ditching gym fees and taking part in free and outdoor activities to take care of her physical fitness. She also explained how she likes to travel — and saves money by traveling during the “off-season” instead of the peak season. Sometimes, she said, she can save up to...
In 2017, Lauren Simmons seemed to be on top of the world. She made Wall Street history — and Black history — when she became the youngest full-time female trader on the NYSE. She was also the second Black woman in history to become an equity trader in the NYSE’s history. As can be expected, her story went viral. “In 2017 I said no to limiting beliefs so I could say yes to shattering glass ceilings and making history. I continue to bet on myself and stand above all the no’s people throw my way. Frankly, I thrive on people who doubt me,” Lauren Simmons said on Instagram. But for all her achievements — and all the success that followed as a result of this groundbreaking moment — she was, according to Black Enterprise, making a measly $12,000 per year (which translates to $1000 a month). View this post on Instagram A post shared by Lauren Simmons (@lasimmons) For purposes of understanding, the US Department of Labor says the poverty threshold for a single person under 65 is, as of...
Lauren Simmons–the woman who gained fame as the youngest trader on the New York Stock Exchange at 23-years-old–announced on Instagram today that she is the new Vice President of Investment Risk at CTRL USA, a private equity firm. https://www.instagram.com/p/BsJCE2KBUsC/?utm_source=ig_share_sheet&igshid=1waha4m79xzxk Simmons graduated from Kennesaw State University in 2016 and began working as an equity trader for Rosenblatt Securities in March 2017, according to her LinkedIn account. Simmons has also been shedding light on her journey as a women empowerment public speaker. According to Crunch Base, CTRL USA was founded in 2014 and has raised about $9 million across two funds. It looks like Simmons’ latest milestone will have to be added to the storyline of her upcoming biopic , previously announced last year, as well.
Actress Kiersey Clemons will star in a new indie film about the life of New York Stock Exchange trader Lauren Simmons—the youngest woman and the second Black female employee to trade full-time on the floor. AGC Studios —an indie studio that launched last year—acquired the rights to Simmons’ life story, according to Variety. The 23-year-old Wall Street trader moved to New York after graduating from Kennesaw State University with a degree in genetics and a minor in statistics in 2016. The equity trader applied to a job opening posted on LinkedIn for a position at Rosenblatt Securities. Her employment was dependent on her passing the Series 19 exam, which she passed with no training or background in the financial industry. “When I tell people what my job is they are always surprised,” Simmons told CNBC Make It . “It’s surreal.” Clemons will also assist in producing the film alongside Eddie Galan and Starr Andreeff with Greg Shapiro, Stuart Ford and Glendon Palmer as executive producers.