Your Journey to Financial Freedom: A Step-by-Step Guide to Achieving Wealth and Happiness

by Jamila Souffrant

Overview

Notes From Your Bookseller

Managing money is rarely easy to relate, but thanks to Jamila Souffrant, it now is. This is one of the most approachable financial guides available, perfect for people without any prior financial grounding.

*A Next Big Idea Club December 2023 Must-Read*

Podcaster Jamila Souffrant shows how to skyrocket your savings, blast through debt and ultimately accelerate your unique and truly epic journey to financial freedom and independence

Our fast-paced world prioritizes the productive busybody—financial security alwaysseems to rule over the insatiable hankering for a Friday night splurge. However, Jamila Souffrant argues that you can in fact spend and save responsibly, all while enjoying that extra side of guacamole. In this book, Jamila will teach you how to:

• Determine which of the 5 “Journeyer” stages you fall into and how you should be evaluating your spending and saving goals accordingly
• Map out different scenarios to quit your job, retire early, and reach financial independence
• Downsize costly daily expenses in ways you never considered, and spend more in ways that bring you joy
• Create an effective debt payoff plan that works for you

As a wife, mother of three and first-generation Jamaican immigrant, Jamila knows all too well the struggles of saving for tomorrow while spending liberally today. Now, in her first book, Jamila offers her seasoned expertise in Your Journey to Financial Freedom, providing readers with the resources they need to not only save for cake but eat it, too.

Product Details

ISBN-13:	9781335007797
Publisher:	Hanover Square Press
Publication date:	12/05/2023
Edition description:	Original
Pages:	368
Sales rank:	74,444
Product dimensions:	5.60(w) x 8.20(h) x 1.30(d)

About the Author

Jamila Souffrant is the founder of Journey to Launch and the host of an award-nominated podcast of the same name, which has amassed nearly 3 million downloads and has been featured in the New York Times and Buzzfeed. Jamila’s advice and story has been told in Business Insider, Essence, Refinery29, Money, Yahoo! Finance, as well as on CNBC andCBS. She lives in Brooklyn with her husband Woody and three children.

Editorial Reviews

10/09/2023

Journey to Launch podcaster Souffrant debuts with a sound program for achieving financial independence, which she defines as being able to live on the “money you’ve accumulated in your investment accounts... indefinitely.” Her five-step program involves figuring out “what your bills and liabilities are in comparison to what you’re earning,” paying off most debts, establishing an emergency fund, “investing consistently and growing your assets,” and maintaining a financially sustainable lifestyle once one accumulates enough wealth to support themselves without a job. Souffrant’s down-to-earth style makes financial principles accessible, as when she explains the benefits of investing in index funds over individual companies by noting the latter “involves taking on more concentrated risk whereas investing in the overall market and passively waiting for returns on average can be a more efficient strategy” because of the “low work” and “low effort” required. The author is also unusually sympathetic to the notion that sometimes short-term spending can be worth postponing financial independence, as when she recounts her decision to splurge on a family trip to Disneyland instead of investing the money. Additionally, her suggestions are specific and pragmatic (her “25x rule” recommends saving 25 times one’s desired annual spending before retiring). Approachable and sensible, this gets the job done. (Dec.)

Publishers Weekly

Your Journey to Financial Freedom is a powerful guide filled with insightful advice and actionable steps that anyone can follow. Whether you're just starting your financial journey or looking to take it to the next level, this book is a must-read. It's like having a personal finance bestie by your side, helping you make the right decisions to not only secure a brighter, more financially independent future but a more happy and abundant life today.” —Tiffany Aliche, New York Times bestselling author of Get Good with Money



"In a world inundated with get-rich-quick schemes, Your Journey to Financial Freedom stands out as a beacon of financial wisdom. This book goes beyond money—it's about mindset, empowerment, and designing a life you truly deserve."—Farnoosh Torabi, author of A Healthy State of Panic



"If you want a better, more fulfilling, more interesting, more joyous life, you must walk the path. But you don’t have to walk it alone. In Your Journey to Financial Freedom, Jamila is your guide, your mentor and your inspiration." —JL Collins, international bestselling author of The Simple Path to Wealth and Pathfinders



"Whether you're pursuing a major goal like being financially independent by 40 or just trying to figure out how to stabilize your financial life, Jamila Souffrant has you covered. Your Journey to Financial Freedom is a firm but kind guide to being your best financial self." —Erin Lowry, author of the Broke Millennial series



“Jamila has added a valuable new contribution to the financial independence canon with fresh insights and perspectives to help you make, save, and invest money while acquiring more freedom." —Grant Sabatier, author of Financial Freedom and creator of Millennial Money



"Finally, a comprehensive guide to achieving true financial independence that empowers you to make informed money decisions. If you're committed to living life on your terms, this book is the ideal companion on your journey." —Bola Sokunbi, author, founder and CEO of Clever Girl Finance

From the Publisher

Certified financial education instructor Jamila Souffrant’s approach somehow appeals to all but feels as if it’s aimed directly at you. Souffrant is an expert guide on the path to finding financial independence.”

New York Times on Journey to Launch podcast

Souffrant’s approach somehow appeals to all but feels as if it’s aimed directly at you. [She] is an expert guide on the path to finding financial independence.”

praise for the Your Journey to Launch podcast New York Times