Your Journey To Financial Freedom | A conversation with Jamila Souffrant

In this conversation, Julien, Kiersten and Jamila discuss her journey to financial independence and the lessons she has learned along the way. They explore topics such as the breaking point that led Jamila to pursue financial independence, the influence of the FIRE movement and the impact of her immigration story [from Jamaica] on her life. And just for fun, Jamila also agrees to read a ChatGPT generated explanation of FIRE in a Jamaican dialect aka patois.
They also discuss the challenges and strategies of raising financially aware children and the evergreen principles of financial education. In this conversation, Jamila Souffrant discusses the importance of taking a 'boring' approach to building wealth and achieving financial independence. She emphasizes the value of investing in low-cost index funds and retirement accounts as a foundation for financial security. Jamila also highlights the significance of being a lifelong learner and immersing oneself in communities and resources that align with personal goals. Finally, she explores the concept of boredom as a path to financial freedom, encouraging individuals to focus on sustainable and fulfilling strategies rather than constant optimization.
To learn more about the show, visit richandregular.com/listen/
Show notes, articles, research or data mentioned in the episode:
Follow Jamila at ‪@journeytolaunch‬ . To get her book, visit journeytolaunch.com/
About the Hosts:
Julien and Kiersten Saunders are the hosts of the rich & REGULAR® podcast. New episodes are published weekly on UA-cam, Apple Podcasts, Spotify and other streaming platforms. Julien and Kiersten are also the authors of Cashing Out: Win The Wealth Game By Walking Away, named 2023 best overall book about investing by Business Insider and one of the best personal finance books by Forbes. To learn more and purchase the book, visit richandregular.com/cashingout/
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[@BrokeMillionaire1]

Another outstanding interview.
The part that resonated with me was about the drive of kids who come from financially savvy parents. I was motivated to become wealthy because I saw what it was like to be poor. We try to give our kids lots of experiences. We’ve spent tens of thousands of dollars on experiences. I’ve found that even that can put kids on the hedonic treadmill. The $1000 p/p cruises just don’t hit the same anymore. They want the $3000 p/p cruise.
You can take the cruise, as soon as you graduate and have your family. 🤦🏾‍♂️
Anyway, this interview met expectations. ✊🏾

[@richandregular]

It’s a tough balance for sure. You want to give them the best you can offer but it soon becomes the “bar”. But keep in mind-it’s not just kids. Everyone is affected by it.
Thanks for listening. 👊🏾🙏🏾

[@tacrewgirl]

Great interview.

[@richandregular]

Thank you!

[@ashleybasey6884]

Good morning, excited to be here❤

[@richandregular]

Morning! Thanks for watching!