047- Sylvia's Journey To Paying Off 6 Figures of Law School Debt & Becoming Financially Independent
Journey To Launch
Jamila Souffrant
5 • 1.7K Ratings
🗓️ 30 May 2018
⏱️ 52 minutes
🧾️ Download transcript
Summary
Sylvia accrued six-figures of debt from law school and her life was greatly impacted by Hurricane Katrina while living in Louisiana. With discipline, determination, and the help of financial books such as Your Money or Your Life, Sylvia made the decision to take control of her personal finances. She took on a side-gig as a pizza delivery driver to bring in an extra $2,000 a month and adopted a frugal lifestyle to aggressively tackle her debt. Today, Sylvia has paid down a majority of her student loan debt, owns her own law firm, and is about 3 years away from Financial Independence.
In this episode we discuss:
- Sylvia’s story of how she accrued six-figures in debt
- How she used a side-gig and a plan to pay off her student loans
- How she managed her finances and saved without an actual budget
- Why she continued to invest with a significant amount of debt
- Her big move to Seattle
- Her plans after retirement
- Her current investments
- The difference between a Real Estate Investment Trust (REIT) and actual real investment
- How her family has affected her decisions on the journey to financial independence
At the end of the podcast, I also talk about the waitlist to the soft launch of my monthly membership program. Get monthly tips, tools, and classes to help you launch to Financial Freedom. Click here to sign up and be the first to be notified when the doors open in Summer/Fall 2018.
Other related blog posts/links mentioned in this episode:
- Bigger Pockets
- Your Money or Your Life by Vicki Robin and Joe Dominguez
- My interview with Vicki Robin, the co-author of Your Money or Your Life
- Automatic Millionaire by David Bach
- The Money Book for the Young, Fabulous, and Broke by Suze Orman
- 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
- My One on One Money Coaching Services – Get my personalized 1on1 money coaching expertise to help you reach your financial goals
- YNAB – Start managing your money and budgeting so that you can reach your financial dreams. Sign up for a free 2 month trial of YNAB, my go-to budgeting app by using my referral link.
Connect with me:
- Journey To Launch Instagram
- Journey To Launch Twitter
- Journey To Launch Facebook Page
- Join the private Facebook Group
Transcript
Click on a timestamp to play from that location
| 0:00.0 | You're listening to episode 47 of the Journey to Launch podcast. |
| 0:05.0 | Sylvia's journey to paying off six figures of law school debt and becoming financially independent. |
| 0:12.0 | T minus 10 seconds. becoming financially independent. who wants her talk. She helps brave journeyers like you get out of debt, save, invest, and build real well. |
| 0:28.0 | Join her on the journey to launch to financial freedom in... |
| 0:32.0 | Five, four, three, two, one. |
| 0:37.0 | Hey, journeys, welcome back to another episode of the Journey to Launch Podcast. |
| 0:47.0 | I'm really excited about this next guest because I love bringing on people who are on the journey and this next guest her name |
| 0:55.5 | Sylvia she is definitely on the journey she's almost reached her point her |
| 1:00.8 | financial independence mark and I want to share this story with you because I believe it's super, super |
| 1:06.7 | inspiring and what's even more cool about this story is Sylvia is not in the personal finance space per se as like a blogger or podcaster. |
| 1:16.6 | She's just a regular woman who took it upon herself to figure out a way in which she could reach financial independence. |
| 1:25.3 | And she was just so humble and willing to share her story with me. |
| 1:30.6 | So I'm super excited to have her on. A little bit about Sylvia. |
| 1:34.5 | Sylvia Hall is a practicing defense attorney and she accrued six figures of |
| 1:39.9 | debt from law school and she had the financial impact of Hurricane Katrina |
| 1:45.3 | hitting while she was living in Louisiana, |
| 1:47.6 | which affected her job. |
| 1:49.5 | But with discipline, determination, and the help of books |
| 1:52.3 | such as your money or your life. |
| 1:53.7 | I love that book, you know that. |
| 1:55.9 | Sylvia made the decision to take control of her personal finances. |
| 2:00.3 | She even had a side gig as a pizza delivery driver to bring an extra money to pay off her debt and you'll hear more about that and the things she did to really tackle debt to get to the place where she's almost ready to retire or can make that |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Jamila Souffrant, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Jamila Souffrant and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.