This 27-year-old former stock trader earns $650,000 a year in LA—and she's on her way to $1 million

When Lauren Simmons introduces herself to new people, she usually says she works in finance.

But really, the 27-year-old is an author, producer, podcast and TV host, angel investor and board member of several financial companies.

It's a lot for>Extreme savings

Simmons grew up in Marietta, Georgia, with her mom, twin brother and younger sister. She credits her mom's strict budgeting for how she learned to save 85% of her income, which she began doing while earning just $12,000 in New York City. It was barely enough to pay for transportation while she lived with family in nearby New Jersey, and she didn't spend any money>How she spends her money

Here's a look at how Simmons typically spends her money, as of January 2022.

Elham Ataeiazar | CNBC Make It

  • Rent: $3,850, paid for>Becoming a millionaire

    This year, Simmons expects to earn $1 million across brand deals, partnerships, speaking engagements, and returns>Looking ahead

    Simmons couldn't have predicted how much her life would change from the first day she walked onto the NYSE trading floor. But she still has big plans ahead to negotiate new projects for herself and invest in more startups.

    Lauren Simmons wants to help democratize the world of business and finance, and invests in women- and minority-owned startups.Tristan Pelletier | CNBC Make It

    Given the turns in her career thus far, it's hard for her to say what she expects her life will look like in the next five to 10 years. But she hopes to have an investment property in Florida and maybe a house of her own somewhere else.

    "Outside of that, I have no idea, but I'm excited to watch this video five to 10 years from now and to see where I'm at — maybe running for president."