Ep 146: One Woman’s Journey To Financial Independence

HerMoney with Jean Chatzky

Jean Chatzky Her Money

Investing, Business

4.7 • 1.5K Ratings

🗓️ 30 January 2019

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Building on last week’s episode on the FIRE movement, this week we sit down with Jamila Souffrant, creator of the blog and podcast, Journey To Launch, in which she chronicles her and her family’s experience towards financial independence. “For most people who hear about FIRE movement it seems overwhelming,” says Jamila. “I like to modify it and say it [financial independence] can mean anything you want it to mean. In my case, it meant I wanted to retire from my corporate job to do work I love.” Jamila is candid on how she and her husband increased their savings rate, modified their investments and managed their accounts together to make this happen. In fact, we all might want to take a lesson in financial togetherness (and respect) from this couple. In Mailbag, we answer your questions on maxing out 401(k)s without compromising your short-term goals, protecting your finances when buying property with a future spouse and funding HSAs. And Jamila’s story has us wondering: Do you feel engaged in what you're doing at work? If not, we discuss new research that can help in Thrive. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	You're listening to an more from your money.
0:17.0	Start by knowing what you own and owe. We'll help you take the next step at Fidelity.com slash demand more now.
0:25.6	Her money comes to you through PRX.
0:39.0	Hey everybody, it's Jean Chatsky. Thanks so much for joining me on her money.
0:42.0	It has been a while as Kelly pointed out to me since I mentioned
0:48.9	money principle number one which is that personal finance is more personal than it is finance.
0:57.5	We all have different relationships, experiences, money goals, we all have different financial arks and different
1:04.8	financial journeys, and this week we are serving as a stop on one woman's
1:10.6	journey to financial independence. and when we're talking about
1:14.8	financial independence we are talking about the kind of financial
1:18.6	independence where you have the ability to retire early. We are with Jamila Sufrant. She is creator of the
1:27.4	blog and the podcast journey to launch and she chronicles her family's experience in the fire movement.
1:36.3	More recently, and we will talk about this in just a second, she has embraced this endeavor
1:42.3	full-time, which means she is now doing it without having a job
1:47.1	on the side.
1:48.1	She's also a certified financial educator, and it is a pleasure to have her here.
1:54.0	Hi Jamila.
1:55.0	Hi, Jean, thanks so much for having me on.
1:57.0	Thank you for crossing the bridge from Brooklyn to come over and be with us in the studio.
2:01.0	I'm so excited. Oh, well. I'm so excited.
2:03.0	Oh, well, I'm really glad.
2:04.4	And for those of our listeners who are not familiar with you,
	...

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