058- How To Live a Luxurious Life Without Sacrificing Your Financial Goals w/ Luxe Strategist
Journey To Launch
Jamila Souffrant
5 • 1.7K Ratings
🗓️ 15 August 2018
⏱️ 51 minutes
🧾️ Download transcript
Summary
Being on the journey to Financial Independence doesn’t always mean that you have to sacrifice the finer things in life. The Luxe Strategist, a personal finance blogger, is a 30-something New Yorker that saves half of her income and still enjoys the comfort of luxury items and deluxe travel.
Growing up as the child of low-income refugees, The Luxe Strategist knew struggle and hardship all too well. As an adult, she made the decision to paint her own picture of what it means to be financially savvy and successful. Today, The Luxe Strategist proudly boasts hefty savings, trips to places like Paris and Hawaii, sporting $400 sneakers, and she shares every bit of her personal finance journey on her blog, The Luxe Strategist.
In this episode we discuss:
- What motivated her personal finance journey.
- Her love for and "luxury"/nice things?
- Having nice things and still being financially responsible
- How to evaluate making luxury purchases
- What puts her in the position to be able to make luxury purchases
- How The Luxe Strategist resells clothes for extra income and how you can get started.
- How she saved half of her income on less than 6-figures
- How to find the threshold for saving as much as you can until it hurts (using paycheckcity and other methods)
- How The Luxe Strategist saves money in an HCOL
- Whether or not FI is a goal for her
Check out the sponsor for this episode, YNAB and sign up for a free 2-month trial!
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:
- The Luxe Strategist Blog
- The Luxe Strategist's plan to purchase a Cartier Tank Watch
- How Luxe Strategist saved half of her income on a less than 6-figure salary
- Paycheckcity.com
- 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 The Luxe Strategist:
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Transcript
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| 0:00.0 | You're listening to episode 58 of the Journey to Launch Podcast. |
| 0:06.0 | How to Live a Luxurious Life without sacrificing your financial goals. |
| 0:11.0 | T minus 10 seconds. Welcome to the Journey to Launch Podcast with your host, Janila Sufrant, as a muddy expert who walks her |
| 0:20.0 | talk. |
| 0:21.0 | She helps brave journeyers like you, get out of debt, save, invest, and build real well. |
| 0:27.0 | Join her on the journey to launch to financial freedom in... |
| 0:31.0 | 5, 4, 3, 4. 3 2 1. |
| 0:37.0 | Hey hey journeyers. |
| 0:42.0 | Welcome back to another episode of the Journey to |
| 0:45.0 | launch podcast. Welcome back if you are a returning listener. |
| 0:48.5 | Journey, if you are totally new, so happy to have you here. Either way, sit down or if you're driving, I guess you can't sit, whatever it is. |
| 0:57.0 | Just, I hope you enjoy this, stay focused on what we're going to talk about. I have an amazing, amazing guest. It's funny, I know I say all my guests are amazing, but that's because they are. |
| 1:07.0 | Okay, so I have a guest today who I'm excited to talk about because I believe she brings a different perspective from what I usually kind of bring on the podcast and we're talking about someone who is in the personal finance base does very well for herself in terms of hitting her goals, saving, investing, but she also likes nice things. |
| 1:28.0 | And her name, or I should say, the name of her blog, the name of her brand is called the Lux |
| 1:34.5 | strategist and if you can't tell from her name Lux means she likes luxury she |
| 1:40.2 | likes nice things and I thought that was interesting because listen when you come into this world of personal finance |
| 1:46.8 | especially financial independence you don't have too many people talking about the nice things that they like or have. |
| 1:53.0 | There are a lot of talk around frugality and minimalism, which is fine, |
| 1:58.0 | totally goes in line with being thoughtful about how you spend. |
| 2:02.0 | But what about how you spend. |
| 2:02.6 | But what about if you're a person who does like nice things, |
| 2:06.4 | who does like more designer handbags or shoes or goods? |
... |
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