Afford Anything | Make Smart Money Choices Buy the Damn Guac, with Jamila Souffrant
Dec 20, 2023
Jamila Souffrant, a financial education instructor and author, discusses the power of understanding our 'why not,' staying motivated on our financial paths, shaping a success-bound mindset, and posing three crucial self-assessment questions for goal alignment. She explores the relationship between guacamole and financial independence, the distinction between financial independence and financial freedom, and the challenges and importance of hiring and reaching financial goals.
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Use A Tangible Formula Plus Mindset
- Track the tangible FI formula: increase income, optimize expenses, grow assets, and reduce liabilities.
- Build mindset and habit practices to make those tangible actions possible and sustainable.
Fix Income Problems With Patience
- If income is the bottleneck, prioritize realistic, patient steps to raise earnings over punishing expense cuts.
- Test approaches, persist, and give yourself grace when change takes months or years.
Commute Became Her Learning Engine
- Jamila used a long commute as learning time, listened to podcasts, and applied strategies that let her save $169,000 and pay off consumer debt.
- She then shifted to building Journey to Launch so she could quit and pursue FI with more flexibility.