3 strategies 2 siblings used to get themselves out of poverty and secure generational wealth

Siblings Israel (left) and Sunem Tovar.
Siblings Sunem and Israel Tovar have a combined investment portfolio worth $327,000.
They keep each other accountable and have even taught their extended family how to invest.
They started the Dream Teacher Project to help other teachers of color reach financial independence.

Sunem Tovar’s financial journey began in 2016 when she realized that her $16,000 student loans had ballooned to $42,000. At the time, she was only making $20,000 a year. She tells insider, “All my money was just going to paying off my loan. I was very, very overwhelmed with it.”

On the other hand, Sunem’s brother, Israel Tovar, graduated with full scholarships from Yale and Stanford in 2018. Israel moved back to Tennessee to begin his career as a teacher, but he didn’t anticipate the toll of being one of the only LGBTQ+ teachers of color working at a school that served low-income students of color. “I was getting paid $44,000, working at a school that felt like a prison,”…

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This article was written by [email protected] (Leo Aquino, CEPF) and originally published on www.businessinsider.com