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Journey To Launch

136- How Anita Paid Off $95,000 of Debt in One Year and Retired Early at 33 Years Old

Journey To Launch

Jamila Souffrant

Business, Investing

4.91.7K Ratings

🗓️ 22 January 2020

⏱️ 48 minutes

🧾️ Download transcript

Summary

This week's Journey to Launch podcast episode features Anita Dhake, also known as Thriftygal. Creator of the blog The Power of Thrift, Anita, worked as a corporate attorney for several years. Then, one day she committed to her dream to retire early and live her best life. In one year she paid off $95,000 of student loan debt and started aggressively saving 85 to 95 percent of her income. By age 33, Anita was able to retire with over a half of million dollars in investments.

For the last few years, Anita has been traveling the world and doing what makes her happy. On her blog, she shares stories about crossing items off her bucket list, her latest reads, and her daily successful habits. Previously featured in Forbes, Crain's Chicago Business, and the ABA Journal, Anita's has also been on television twice. Anita's FI story can be found in her book, Operation Enough! How to Retire Remarkably Early.

In this episode you will learn:

  • How to accelerate your path to financial freedom and early retirement
  • The benefits of applying stoicism to your financial journey 
  • Several inspiring books you should read now 
  • It is about how much you make and how much you save
  • Where to easily invest your money and watch it grow, and so much more

Other related blog posts/links mentioned in this episode:

Anita is an avid reader and below are a few great books we mentioned in the podcast episode.  

Operation Enough! How to Retire Remarkably Early by Anita Dhake

Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence by Vicki Robin

How Not to Die: Discover the Foods Scientifically Proven to Prevent and Reverse Disease by Michael Greger and Gene Stone

The Four Tendencies: The Indispensable Personality Profiles That Reveal How to Make Your Life Better (and Other People's Lives Better, Too) by Gretchen Rubin 

The Geometry of Wealth: How To Shape A Life Of Money And Meaning by Brian Portnoy  

A Guide to the Good Life: The Ancient Art of Stoic Joy by William B. Irvine 

Vicki Robin has been on the Journey to Launch podcast. Check out her episode below:

Your Money or Your Life: Transform Your Relationship With Money & Achieve Financial Independence W/ Vicki Robin

I use Michael Hyatt's Full Focus Planner to keep me focused so I get things done. If you are looking for a planner consider using this one.

Check out the other tools that help me with my finances and business here

Check out the Journey To Launch Podcast index here which categorizes all of the Journey To Launch podcast episodes by subject. Now you can binge on your favorite topics or type of episode.

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!

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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.

Go to Journeytolaunch.com/freedomsummit to join me at the Financial Freedom Summit in May!

Also check out Grant and I Youtube channel, The Money Collective. To watch more, check out the channel and subscribe.

Connect with Anita Dhake:

Website

Twitter: @PowerofThrift

Facebook:@ThePowerofThrift

Connect with me:

Instagram: @journeytolaunch

Twitter: @JourneyToLaunch

Facebook: Journey To Launch

Join the private Facebook Group

Get on the Money Launch Club Waitlist

Transcript

Click on a timestamp to play from that location

0:00.0

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0:06.8

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0:08.1

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0:12.3

Start a free trial today on Monday.com.

0:15.6

You're listening to the Journey to Launch podcast, how Anita paid off $95,000 of debt in one year and retired early.

0:28.1

Welcome to the Journey to Launch podcast with your host, Jamila Sufron, as a money expert who walks her talk.

0:35.6

She helps brave journeyers like you, get out of debt, save, invest, and build real wealth.

0:42.8

Join her on the journey to launch to financial freedom in five, four, three, two, one.

1:14.4

Hey, hey, hey, juniors. Welcome to the Journey to Launch podcast. If you are a returning listener, that means journeyer, welcome back. If you are brand new, welcome. So we're excited to have you in this rocket. With us, we are legit taking off. Now, the premise of Journey to Launch and my platform and what I do is I want to show you what's possible through what I do and then obviously

1:19.6

bringing on stories and information and motivation from other people. And so while I talk about

1:25.9

reaching financial independence and retiring early,

1:28.8

which is essentially having enough money where you can choose what you really want to do.

1:33.7

And for me, like I always envisioned that even if I had all the money in the world,

1:37.2

I would still want to work in some capacity. But the dream for a lot of you is, okay, I'm working,

1:43.2

I'm trying to pay off debt. I'm also going to

1:45.7

eventually save and invest and have enough money, right? The dream is to have enough money to retire or

1:50.9

reach financial independence. And then what does that look like, right? Like what will it be like for

1:56.0

you on the other side? And so I love talking to people who have actually achieved financial independence,

2:01.9

and especially those who have chosen to retire early, meaning like they're not actively working.

2:07.7

So I have a wonderful, wonderful conversation to bring you. I'm talking to Anita from the

2:13.6

power of thrift. Anita has been in the blogging game for a minute, meaning she's had

2:17.9

her blog for a long time now, and she's someone who's actually retired early. And she just has,

...

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