Jamila Souffrant is the creator of the blog and podcast, Journey To Launch, where she teaches and inspires others how to eliminate debt, save money, and increase their net worth. The lessons she has learned through trial and error helped her family to save $169,000 in two years and be debt-free, and she is well on the way to becoming financially independent by the age of 40. Jamila is the resident financial expert on a weekly segment on News12 and has been featured in Money Magazine, TIME, Business Insider, Refinery29, CNBC, ESSENCE Magazine & CBS. She lives in Brooklyn, New York with her husband and three young children.

 

Jamila joins me today to share what inspired her to give up her well-paid corporate job and pivot her focus to working towards financial independence. She discusses the factors in her background that inspired her to be a savvy money manager and how she worked hard to buy a small condo in her early 20s, which ultimately started her on the path to building her own business. Jamila also shares the values of intentional spending and how you can prioritize your spending and saving to ensure that you’re both happy in the moment and happy in the future.

 

“Spend on what you value - there is no point in being miserable on this financial journey” - Jamila Souffrant

 

This week on Paychecks and Balances:

• How Jamila started Journey to Launch with the support of her family
• Why she gave up her corporate job to make a life change
• Why she aims to be financially independent by 40
• How her husband got on board with her ambitious financial goals
• The importance of maxing out your retirement plans
• Who inspires her in the personal finance space
• How she created her spreadsheet to map her financial freedom
• What financial independence means to her?
• Why she has switched her investment strategy in the last year
• The impact of working towards financial independence with a young family
• Her philosophy on generational wealth and planning for her children’s future
• How her approach to financial independence has changed in these challenging times

 

Resources Mentioned:

• Mad Fientist podcast
• Money Mustache podcast
• Radical Personal Finance podcast
• Mint spreadsheet
• Excel
• Google Sheets

 

Connect with Jamila Souffrant:

• Journey to Launch 
• Facebook Journey to Launch
• Instagram Journey to Launch
• Twitter Journey to Launch

 

Connect with Paychecks and Balances:

• Paychecks and Balances Website
• Patreon Paychecks and Balances
• Instagram Paychecks and Balances
• Facebook Paychecks a