How Side Hustles Helped One Couple Pay Off $224,000 in 2½ years | Leo Jean-Louis of Freedom Is A Choice Movement

Yo Quiero Dinero

Jannese Torres

Saving, Entrepreneurship, Business, Investing, Wealth, Personal Finance For Latinas, Personal Finance, Budgeting, Finances, Generational Wealth, Equal Pay, Financial Literacy

4.9 • 607 Ratings

🗓️ 17 January 2021

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This month, we’ll be helping you get started on any financial and investment goals you’ve made. This week, let’s work on goal-setting with your dinero. Listen to episode 68 to hear how this family went from a six-figure debt to a six-figure net-worth in less than five years.

Leo Jean-Louis is a first-generation Haitian-American money coach, author and personal finance content creator.. After Leo and his wife realized that their 6 figure debt was keeping them from living the life they wanted, they made a plan to pay off $224,000 of debt, and they were able to pay it off in 2.5 years! After his post of paying off debt went viral on social media, he and his wife founded Freedom Is A Choice Movement, a business created to teach millennials how to become debt free.

In just 9 months, he has created a debt payoff plan for individuals and families totaling over $4.45 million! His money tips and personal finance journey have been featured on Yahoo Finance, the Steve Harvey TV Show, the His & Her Money Show, MagnifyMoney, and Northwestern Mutual, just to name a few.

You can follow Leo Jean-Louis on Instagram, Facebook and Twitter.

Episode Highlights:

The burden that comes with carrying debt
The cost of earning a degree
Starting with your why
Celebrating the milestones in your journey
Side hustles as a way of earning more

For full episode show notes, click here.

Leo situates his financial advice within the realities of communities of color. His advice is culturally relevant to communities who are typically not considered in the world of personal finance and investing.

Thank you, Leo for being such a crucial member of the personal finance content creator space!

Loving this episode? Leave us a review on Apple podcasts. Follow us on Instagram, Twitter, TikTok, LinkedIn, YouTube and join our Patreon community!

Check out this YQD™ Sponsor:

BetterHelp—Professional support when you need it, at the fraction of the cost of in-person therapy. Get 10% off your first month with our sponsor: https://betterhelp.com/dinero

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Transcript

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0:00.0	But we found a home, beautiful home, opened floor plan, all this stuff, right?
0:05.2	Got super excited about this home, got the pre-approver and all that stuff ahead of time.
0:11.7	And I got a call probably like a week, a week and a half later from the mortgage lender saying that I couldn't be approved for this loan because my student
0:22.5	loans were in forbearance.
0:25.7	You're listening to Yo Quiero Dinoa, a personal finance podcast for the modern Latina.
0:31.3	I'm your host, Janice Torres Rodriguez, personal finance expert, speaker, writer, and business
0:36.8	coach.
0:42.6	I teach women of color how to build wealth and gain financial independence through side hustles and investing.
0:48.8	On this show, we're serving up POC-friendly personal finance knowledge, always with a side of SaaS.
0:53.1	We're talking about how to make dinero, how to keep it, and how to make it grow.
0:54.7	If you're ready to become Poderosa with your Dineiro, you've come to the right place.
1:02.3	Hello, my gente. Welcome back to another episode of Yo Quiro Dinoido, the podcast. This is your
1:07.2	host, Janice. And today, I am so excited to share another amazing and inspiring
1:11.9	debt payoff story with you. We're going to be joined by Leo Jean-Louis, co-founder of
1:17.6	Freedom is a choice movement, a business created to teach millennials how to become debt-free.
1:23.0	Leo started his journey to debt freedom when he realized that debt was stopping him and his wife
1:28.9	from living the life that they wanted. He began to learn everything he could about personal finance
1:34.1	and after posting his debt payoff journey on social media, the story went viral.
1:40.1	Since becoming a money coach, Leo has been able to create debt payoff plans for individuals and families totaling over $4.45 million.
1:48.6	And his money tips and personal finance journey have been featured on Yahoo Finance and the Steve Harvey TV show, just to name a few.
1:55.3	Leo lives in Atlanta, Georgia, with his beautiful wife, Faith, and their firstborn son.
2:00.3	Leo and his wife were able to pay off
	...

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