Jamila Souffrant is a Certified Financial Education Instructor (CFEI), host of the Journey To Launch podcast and author of "Your Journey to Financial Freedom: A Step-By-Step Guide to Achieving Wealth and Happiness". The Journey To Launch podcast explores all aspects of reaching Financial Freedom; from increasing income, paying off debt, investing, saving & learning how to retire early and wealthy. The book, "Your Journey to Financial Freedom: A Step-By-Step Guide to Achieving Wealth and Happiness," shows you how to skyrocket your savings, blast through debt and ultimately accelerate your unique and truly epic journey to financial freedom and independence. The audiobook, which is narrated by Jamila, and the eBook are available in the Apple store. As a money expert who “walks her talk” she helps brave listeners also known as Journeyers; gain clarity around their finances and create an actionable plan to reach their goals. Her mission is to teach, inspire and help others reach Financial Freedom and Financial Independence.
http://www.journeytolaunch.com/
episode 23: The Millennial Path To Financial Independence with Gwen & J From The Fire Drill Podcast
Millennials are often mischaracterized as being lazy and wanting things handed to them. I can’t tell you how far from the truth that is, especially when it comes to Gwen & J from the FIRE Drill Podcast who came on the podcast today to talk about pursuing FI and the different aspects of paying off debt and being financially stable. Both bloggers have their own informative and successful blogs that share their specific paths to FI and are set on inspiring others to do the same.
I’m also super impressed by what they’ve been able to accomplish so far at such young ages. Gwen has saved $100k by age 25 and purchased her first rental property, a triplex, earlier this year. J has paid off nearly $100k of debt in two years and has saved over $200k towards retirement by age 28.
On the episode today, we explore the importance of savings and increasing your income. J explains how essential it is to have an emergency fund after what happened to her while she was paying off debt, and Gwen talks about why she has FU money. It was also interesting to hear their takes on real estate and how to get started with house hacking. This is a great episode on the importance of working towards FI and achieving financial goals.
I also announce the Budget Boot Camp Class & open the waitlist for the Q1 2018 Journey To Financial Freedom Mastermind.
Now here are the main topics we talk about in the episode:
- The FIRE Drill podcast
- What the podcast is about
- Their specific interests in finance
- How FI allows a life of options
- An interesting way to pursue FI
- How their opinions have evolved since the beginning of the podcast
- J and Gwen’s journey
- How Gwen found FIRE in college
- Why Gwen plans on quitting her job and be her own boss
- The sacrifices involved
- How J got inspired to pay off all her student debt
- J's methods to pay off debt
- Career hacking
- Reaching FI
- How savings give you freedom and options
- What is FU money
- The importance of having an emergency fund
- Getting started with real estate
- 2 methods to achieve FI: savings and monthly cash flows
- The irony once you achieve FI
- Having a back up plan
Other related blog posts/links mentioned in this episode:
Grab your seat at the Budget Boot Camp
Sign up for the 2018 Q1 Launch To Financial Freedom Mastermind Waitlist
Paula Pant: Afford Anything
Mad Fientist: HSA - The Ultimate Retirement Account
Bigger Pockets
Leave me a voicemail- Leave me a question on the Journey To Launch voicemail and have it answered on the podcast!
Watch me on News12 Watch my latest segments on News12
My One on One Money Coaching Services - Get my personalized 1on1 money coaching expertise to help you reach your financial goals
Connect with Gwen & J:
- Gwen’s blog: Fiery Millennials
- Jay’s blog: Millennial Boss
- Listen to the FIRE Drill Podcast
Connect with me:
- Journey To Launch Instagram
- Journey To Launch Twitter
- Journey To Launch Facebook Page
- Join the private Facebook Group