|
|
Article: Safe haven: Sylvia King's financial discipline kept her afloat during tough times.
- Article from:
- Black Enterprise
- Article date:
- March 1, 2009
- Author:
CopyrightCOPYRIGHT 2009 Earl G. Graves Publishing Co., Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
[ILLUSTRATION OMITTED]
SYLVIA KING HAS ALWAYS BEEN A saver. She lives a simple lifestyle and takes great care to monitor her spending, as it contributes to her financial health. King, 35, also believes that homeownership is the cornerstone for building wealth. She owns two homes: her primary residence, a four-bedroom, three and half-bath home in Landover, Maryland, which she purchased in 2007 for $400,000; and a three-bedroom, two-bath rental property in Greensboro, North Carolina, that she purchased in 2003 for $130,000. King receives $1,050 in rent each month from her tenant.
King's saving skills proved helpful when she was laid off from her job in ...