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The 42-year-old saved $ 660,000 and moved to Mexico after dropping her job


Roshida Dowe has always been a hard worker. From her beginnings as a receptionist to her decision to study law and work for years as a consumer auto finance attorney in Silicon Valley, she’s used to everyday life.

But in 2018, at the age of 39, everything changed when she was laid off and decided to capitalize on her newfound unemployment by taking a year to travel the world. During her travels, she realized that she loved the freedom to do whatever she wanted and decided to make her sabbatical a full-time lifestyle.

Dowe has since left her life in the United States. She now lives in Mexico City, where she is enjoying an “accidental retirement”, working as a life coach and running her own YouTube channel. Now 42, Dowe’s investment portfolio is worth more than $ 1 million, and she has no plans to “retire” anytime soon.

Build a positive relationship with money

Despite growing up in a middle-class family, Dowe’s parents didn’t speak to her often about her finances, she says.

“There were times when I knew we were [money] and there were times when I knew we didn’t, “Dowe told CNBC Make It.” But it wasn’t really the talking point. My parents kept me out of their money talks. “

Early in her career, when she worked as a receptionist after graduating from college, Dowe was not very financially savvy. Part of what led her to law school at the University of Virginia was realizing that her salary as a receptionist was “that I couldn’t afford”.

Her law degree enabled Dowe to earn a much higher salary, but it also left her with more than $ 200,000 in student loan debt, including some holdover from her college years. She managed debt by diligently cutting her spending and putting money on her loans before spending on other things.

After graduating from the University of Virginia School of Law in 2006, Dowe practiced law for 12 years.

Source: Roshida Dowe

After Dowe paid off her debts while serving as a business consultant, she kept her habit and put the extra money into savings and investments.

“I’ve gotten into the habit of putting away the same amount of money every month,” she says. “As my income grew, I put a large amount of money aside.”

She loses her job, but finds herself again

In 2018, the company she worked for was shut down by the parent company and she was laid off and lost her six-figure salary, which at the time was about $ 200,000. Instead of looking for a new job right away, Dowe decided to travel for a year.

It took Dowe a year to travel the world after being fired from her job as a corporate attorney.

Source: Roshida Dowe

During her year abroad, Dowe visited 44 cities in 23 countries, but Mexico City was the only place she visited more than once.

“I really loved how I felt when I was here,” she says. “I loved the energy of the city.”

For this reason, despite her original plan to return to the United States and find a new job after her career break, Dowe decided to stay in Mexico.

“When I traveled and saw that the way we work our way to death in America is not common around the world, I realized that if I chose another life, I could lead a different life would, “she says.

With more than half a million in her then investments and about $ 150,000 in stocks in her old company, Dowe figured she had more than enough money to live in Mexico City for at least “a while.”

“I had paid off all of my debts, I saved money,” she says. “And when I realized that I didn’t want to work anymore, I did the math.”

She currently has a one-year residence visa and can apply for a permanent visa in four years.

Though Mexico City isn’t as affordable as other parts of the country, Dowe says the rent on her $ 1,200 high-rise apartment is still lower than she paid about $ 2,300 a month in the U.S. .

Live the dream

While she was traveling, Dowe posted updates about her trip so that her family and friends could follow. Over time, a fan base grew, some of whom sought advice.

“Strangers, mostly women, approached me and said: ‘You have taken a career break? I want to do that too. Can you tell me more about it? ‘”She says. “I helped everyone who came along and finally realized this could be a business.”

Dowe now works as a life coach helping women “who want to take a career break”. [and] Leaving jobs behind that you don’t deserve. “Your customers are often women who want to live abroad but don’t know if they can.

“I spend a lot of time showing people the possibilities and showing them what their lives would be like if they took the plunge, too,” says Dowe. She also runs a YouTube channel in which she documents her travels.

These revenue streams bring in between $ 3,000 and $ 5,000 each month. “The income I get from it prevents me from having to deduct anything from my investments,” she says.

Roshida Dowe now lives in Mexico City.

Clayton Conn | Neutral density studio

Despite the fact that she runs a successful business, Dowe considers herself retired. She never works more than four days a week and occasionally takes weeks or months off to do what she wants.

“A lot of people think that retirement means that you don’t work at all, and when you work you are not really retired,” she says. “I only do work that I love and I only do it when I want to.”

Ultimately, her life is centered around maintaining the levels of happiness she experienced while traveling, while Dowe says she was “the best version of myself”.

“I was open, I wasn’t stressed, I was allowed to do what I wanted,” she says. “When I had the opportunity to create my life from scratch, I made the choices that made me happy.”

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