Episode 398- My Financial Freedom Story and The Steps You Need to Take To Reach Your Dream Life

Journey To Launch

Jamila Souffrant

Finances, Business, Realestateinvesting, Entrepreneurship, Earlyretirement, Investing, Budgeting, Wealth

5 • 1.7K Ratings

🗓️ 30 October 2024

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week on the Journey to Launch Podcast, I’m reflecting on my own financial freedom journey so far and defining key concepts around financial independence. Not too long ago my growing family and demanding commute to my corporate job fueled my desire for a more flexible, fulfilling life. My husband and I saved and invested $169,000 in two years, I began my journey of entrepreneurship, wrote my book “Your Journey to Financial Freedom” and today I get to choose what I want to do with my time.

I’m also reviewing my framework for achieving financial freedom, starting with calculating your financial independence number (the amount needed to live off investments without active work) and progressing through my "Journeyer Stages" from stabilizing finances to achieving full work flexibility or "financial independence." I’m encouraging you to embrace your journey towards financial independence and find fulfillment along the way.

In this episode I share:

The challenges of balancing work and family, and how it started me on the path to financial freedom
The components of the wealth formula and why you need to maximize your income and optimize expenses to achieve financial independence.
The guac levels, which represent different spending habits and lifestyles & why it’s important to be honest with yourself about spending habits
The importance of changing oneself and becoming the best version of you through the journey.

Transcript

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0:00.0	When things are so uncomfortable that we can no longer ignore it, it forces us to dig deep and to make the changes we want to see if we're really fed up about it.
0:11.0	So with the commute and then with being pregnant with my first child,
0:16.0	I was really motivated to figure out how I could set myself up for success.
0:21.2	T-minous 10 seconds.
0:24.0	Welcome to the Journey to Launch Podcast with your host Janila Sufrant, as a muddy expert who walks her
0:30.2	talk.
0:31.2	She helps brave journeyers like you, get out of debt, save, invest, and build real wealth.
0:38.0	Join her on the journey to launch to financial freedom in...
0:41.0	Five, four, three, three, two... financial freedom in five four three two one
0:47.0	I'm
0:50.0	I Jamila here host of this podcast and author of the book Your Journey to Financial Freedom,
0:56.8	a step-by-step guide to achieving wealth and happiness.
1:00.3	Just a few years ago I was in a job I didn't like with a long commute feeling stuck.
1:05.2	I knew there had to be a different better way.
1:08.1	Then I found the pathway to financial freedom and financial independence.
1:11.8	Today I have more money, options, and freedom than I ever
1:15.3	thought was possible. And in my book, your journey to financial freedom, I'll show you how you can
1:20.8	achieve that too. You'll learn how to spend and save responsibly all while
1:25.4	enjoying that spicy margarita and exercise of guacamole, determine where you are
1:29.9	on the journey and evaluate your spending and saving goals accordingly, quit your job, retire early, or reach
1:36.2	financial independence. My book, Your Journey to Financial Freedom, a step-by-step guide to
1:41.1	achieving wealth and happiness, is out now and available on
	...

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