39: From “Bad with Money” to Intentional Saving and Spending with Jamila Souffrant

BiggerPockets Money Podcast

BiggerPockets

Education, Investing, Business

4.5 • 3K Ratings

🗓️ 24 September 2018

⏱️ 75 minutes

🔗️ Recording | iTunes | RSS

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Summary

Jamila Souffrant grew up watching her mom struggle to provide for her. She decided early on that she wanted to be a millionaire, her solution to not having enough was to simply make a lot of money. She saved like crazy, but didn’t have a plan for it. A good student, she attended college and got into an internship program that places minority students with Fortune 500 companies and pays them well. During college, she saved 80-90% of her salary - but was still considered herself “bad with money,” buying luxury items she doesn’t remember. Internship led to employment, and Jamila changed her focus from IT to the real estate department. But her finances stayed the same. She contributed to her 401(k), but not even enough to get the full company match in her 20s. The switch flipped in her 30s, after an exceptionally bad commute home. She discovered FI through podcasts and blogs, and finally understood this could be her reality, too. Jamila and her husband kicked their savings into high gear and started investing. Jamila went from “bad with money” to saving $169,000 in two years! This episode shows it’s not too late to start your Financial Freedom journey, too. Links from the Show BiggerPockets Forums Mad Fientist Mr. Money Mustache The Millionaire Educator Podcast Movement Mindy's Twitter Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to Bigger Pocket's Money Podcast Show Number 39, where we interview Jamila Sufrant from Journey to Launch.com.
0:07.5	I'm willing to take that risk at the moment because I figure that life is too short and my priorities right now are my family and then just being
0:17.7	happy in the moment doing things that I love so we've changed our investing and
0:21.3	saving strategy over the past year to accommodate this big change.
0:25.4	It's time for a new American dream, one that doesn't involve working in a cubicle for 40 years,
0:30.8	barely scraping by. Whether you're looking to get your financial house in order,
0:34.4	invest the money you already have, or discover new paths for wealth creation, you're in the right place.
0:40.4	This show is for anyone who has money or wants more.
0:43.0	This is the Bigger Pocket Money Podcast.
0:46.0	How's it going everybody?
0:47.0	This is Scott Trench, host of the BiggerPockets Bunny Podcast,
0:50.0	here with my co-host Miss Mindy Jensen.
0:51.0	How you doing today, Mindy?
0:52.0	Scott, I am doing fantastic. How are you today?
0:56.0	I am doing great. I am very excited for our interview with Jamila. I thought it was fantastic and I mean what a great persona she's got what a great story and
1:05.8	look at the power that financial freedom her journey to financial freedom has given her
1:10.6	already just two years in. Oh, it's fantastic.
1:14.0	I can't believe how easy it was for her.
1:17.6	How easy might not be the right word because she did still have to have the conversation
1:23.2	and do the work.
1:25.2	It's not just gonna happen by itself.
1:26.7	You really have to do the work.
	...

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