Journey To Launch

Episode 296- How Tracy Paid Off $170K Of Debt, Why We Need More Queer Voices In The FIRE Movement & Being Open About Privilege


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Once blogger Tracy Levesque released her article titled, “What I learned from binge-listening to the entire Journey to Launch podcast,” I knew that I had to have her on as a guest. She joins us after paying off $170k worth of debt and jumping on the financial independence, retire early movement.

We chat about the growth mindset her mom passed down to her, her entrepreneurship journey, how true wealth is providing education, curiosity, and the understanding of the value of experiences over material possessions, and why we need to have more LGBTQIA+ voices in the FIRE community.

In this episode, we discuss:

  • What sparked Tracy’s curiosity about the FIRE movement (Financial Independence, Retire Early)
  • Building a business without a roadmap, hustling as an entrepreneur in the computer world + getting into real estate 
  • The steps Tracy and her wife took to pay off $170,000 of debt in 10 years using the debt avalanche method + zero-balance transfers 
  • Blind spots in the FIRE movement, using privilege for good + the call for more queer voices in the personal finance space
  • How Tracy’s mom taught herself about the stock market and became a successful investor + more

Other related blog posts/links mentioned in this episode:

  • https://www.thetracyl.com/what-learned-from-binge-listening-to-the-entire-journey-to-launch-podcast/ 
  • https://www.suzeorman.com/products/Suze-Ormans-9-Steps-to-Financial-Freedom 
  • https://podcasts.apple.com/us/podcast/do-you-love-it-or-just-want-it-how-to-stop-stress-spending/id1461493560?i=1000492325693 
  • https://getgoodwithmoney.com/
  • https://podcasts.apple.com/us/podcast/financial-freedom-with-jamila-souffrant-part-1/id1535490511?i=1000536122027 
  • https://www.thetracyl.com/how-we-paid-off-170000-of-debt-in-10-years/
  • https://journeytolaunch.com/episode229/ 
  • https://journeytolaunch.com/episode39/
  • https://journeytolaunch.com/episode285/
  • https://www.amazon.com/Your-Money-Life-Transforming-Relationship/dp/0143115766 
  • https://journeytolaunch.com/episode289/
  • https://www.thinkiba.com/
  • https://journeytolaunch.com/episode40/ 
  • Journeytolaunch.com/mystage  
  • Check out my new personal website here.
  • Join The Weekly Newsletter List
  • 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
  • YNAB –  Start managing your money and budgeting so that you can reach your financial dreams. Sign up for a free 34 days trial of YNAB, my go-to budgeting app by using my referral link.
  • What stage of the financial journey are you on? Are you working on financial stability or work flexibility? Find out with this free assessment and get a curated list of the 10 next best episodes for you to listen to depending on your stage. Check it out here!

Connect with Tracy:

  • Website
  • Instagram:@LilJimmi
  • Twitter:@LilJimmi 
  • Facebook:@LilJimmi

Connect with me:

  • Instagram: @Journeytolaunch
  • Twitter: @JourneyToLaunch
  • Facebook: @Journey To Launch
  • Join the Private Facebook Group
  • Join the Waitlist for My FI Course
  • Get The Free Jumpstart Guide
...more
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Journey To LaunchBy Jamila Souffrant

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