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Top related persons:
Penny Bowers - 2 Schebal - 2 Bowers - 2 Suze Orman - 1 — Bowers - 1 That's - 1 It's - 1 she's - 1
Top related locs:
Erie , Pennsylvania Geneva , Ohio Austinburg , Ohio Cleveland Genova
Top related orgs:
CNBC - 2 Progressive Insurance - 1 Depot - 1

Search resuls for: "Penny Bowers"


2 mentions found


☆ At 31, ‘cash-strapped’ single mom started saving $25 a month—she used it to launch a business that brings in $440,000 a year
  + stars: | 2024-01-15 | by ( Megan Sauer | ) www.cnbc.com   time to read: +1 min
In 2000, Penny Bowers-Schebal was a 31-year-old "cash-strapped" single mother struggling to cover basic household bills. She wanted to "build financial security" beyond the 401(k) program at her employer, Progressive Insurance, she tells CNBC Make It. So, at the advice of Suze Orman, she started putting $25 per month into a Dividend Reinvestment Plan (DRIP). Ultimately, her Home Depot investment brought her an annual return of roughly 13%. "I'm not a big investor, and this was a life-changing investment for me," Bowers-Schebal, now 55, says.
Persons: Penny Bowers, Schebal, Suze Orman, — Bowers, Bowers Organizations: Progressive Insurance, CNBC, Depot Locations: Geneva , Ohio, Erie , Pennsylvania
☆ 55-year-old farmer spent $25,000 to open a bridal shop—now it brings in more than $300,000 a year
  + stars: | 2023-11-14 | by ( Megan Sauer | ) www.cnbc.com   time to read: +1 min
The 55-year-old lives on a goat dairy farm in Austinburg, Ohio, a rural town of less than 600 people roughly 50 miles east of Cleveland. She tends to the goats and peacocks at sunrise, then travels drives seven minutes to Genova, home of her wedding gown shop Formality Bridal. Formality Bridal has brought in more than $313,000 in revenue so far this year, according to documents reviewed by CNBC Make It. The five-year-old business, which has five employees, opened a second location last week in Erie, Pennsylvania, an hour's drive away. Here's how she juggles farm life with her bridal shop, and how she built a profitable business with "no experience," she says.
Persons: Penny Bowers, Schebal, That's, It's, she's, We've, Bowers Organizations: CNBC Locations: Austinburg , Ohio, Cleveland, Genova, Erie , Pennsylvania
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