The financial independence path of saving most of what you earn isn’t easy for many people. Especially for those of us not making a multi-six-figure household income.
So how can we pursue a life of financial independence and not feel like we’re depriving ourselves too much today?
To help us discover our own enjoyable and unique path to financial independence, I’ve invited one of my original like-minded FIRE friends, Jamila Souffrant, back to the show today. Jamila is the author of Your Journey To Financial Freedom A Step-by-Step Guide to Achieving Wealth and Happiness and the host of the Journey To Launch podcast.
Overview: Enjoying Your FIRE Journey w/ Jamila Souffrant
Jamila Souffrant reviews the following:
- Why she started pursuing financial independence
- How her FIRE journey evolved over the years
- The importance of family and generational wealth
Where to Listen or Watch
Key Takeaways from Jamila Souffrant
Here are my top three takeaways from my conversation with Jamila Souffrant:
Your Kids Are Watching
Jamila grew up watching her mother work hard for a better life. Coming to America with no money or connections and working your way up can be massively difficult.
Her mother gave Jamila an example to look up to.
Jamila has taken that drive and determination, honored her mother and strengthened her family tree for generations to come.
Having Something to Move Away From Can Be Motivating
A bad job, a bad relationship or bad health diagnosis … these are all bad.
But they can give you the drive and motivation to improve your situation!
Jamila was so motivated to do something other than her job that she and her husband saved $160,000 in two years! Talk about a positive result from a bad situation.
FU Money Can Give You Wings
Jamila found strength (both financially and emotionally) when she had a big pile of money to fall back on.
There’s some major power in FU Money!
If you’re looking to make a change … like going from a full-time employee to a stay-at-home parent OR full-time employee to an entrepreneur, having money in the bank gives you confidence.
I know I felt the same way. Our big pile of money in the bank gave my wife and I the confidence to transition from full-time work we didn’t enjoy to part-time work we do enjoy.
If you’re thinking of transitioning to something new, give FU Money a try.
Guest Bio – Jamila Souffrant
Jamila Souffrant is the author of “Your Journey To Financial Freedom A Step-by-Step Guide to Achieving Wealth and Happiness” and the host of the Journey To Launch podcast. She is considered a go-to thought leader in the personal finance field and her work has been featured in BuzzFeed, ESSENCE, Refinery 29, Money Magazine, CNBC, CBS, Business Insider and more. The Journey To Launch Podcast has over 4+ million total downloads and was listed by the NYTimes as a podcast to help you get better with your money.
Jamila and her husband saved $169,000 in two years, is also a mother of three young children and lives in Brooklyn, NY.
Carpe Diem Quote:
“If you have no goal, no plan, no objective, you will be wandering in the wilderness. You have to develop a road map of where you want to go. It doesn’t have to be a five-year plan, it doesn’t have to be a two-year plan, it doesn’t even have to be a one-year plan, just have a plan”
Justice Carol Edwards
What do you think of our discussion with Jamila Souffrant? Are you working on your financial independence journey?
Please let us know in the comments below.
