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023- The Millennial Path To Financial Independence with Gwen & J From The Fire Drill Podcast

023- The Millennial Path To Financial Independence with Gwen & J From The Fire Drill Podcast

FromJourney To Launch


023- The Millennial Path To Financial Independence with Gwen & J From The Fire Drill Podcast

FromJourney To Launch

ratings:
Length:
43 minutes
Released:
Dec 13, 2017
Format:
Podcast episode

Description

Millennials are often mischaracterized as being lazy and wanting things handed to them.  I can’t tell you how far from the truth that is, especially when it comes to Gwen & J  from the FIRE Drill Podcast who came on the podcast today to talk about pursuing FI and the different aspects of paying off debt and being financially stable. Both bloggers have their own informative and successful blogs that share their specific paths to FI and are set on inspiring others to do the same. I’m also super impressed by what they’ve been able to accomplish so far at such young ages. Gwen has saved $100k by age 25 and purchased her first rental property, a triplex, earlier this year. J has paid off nearly $100k of debt in two years and has saved over $200k towards retirement by age 28. On the episode today, we explore the importance of savings and increasing your income. J explains how essential it is to have an emergency fund after what happened to her while she was paying off debt, and Gwen talks about why she has FU money. It was also interesting to hear their takes on real estate and how to get started with house hacking. This is a great episode on the importance of working towards FI and achieving financial goals. I also announce the Budget Boot Camp Class & open the waitlist for the Q1 2018 Journey To Financial Freedom Mastermind. Now here are the main topics we talk about in the episode: The FIRE Drill podcast What the podcast is about Their specific interests in finance How FI allows a life of options An interesting way to pursue FI How their opinions have evolved since the beginning of the podcast J and Gwen’s journey How Gwen found FIRE in college Why Gwen plans on quitting her job and be her own boss The sacrifices involved How J got inspired to pay off all her student debt J's methods to pay off debt Career hacking Reaching FI How savings give you freedom and options What is FU money The importance of having an emergency fund Getting started with real estate 2 methods to achieve FI: savings and monthly cash flows The irony once you achieve FI Having a back up plan Other related blog posts/links mentioned in this episode: Grab your seat at the Budget Boot Camp Sign up for the 2018 Q1 Launch To Financial Freedom Mastermind Waitlist Paula Pant: Afford Anything Mad Fientist: HSA - The Ultimate Retirement Account Bigger Pockets Leave me a voicemail- Leave me a question on the Journey To Launch voicemail and have it answered on the podcast! Watch me on News12  Watch my latest segments on News12 My One on One Money Coaching Services - Get my personalized 1on1 money coaching expertise to help you reach your financial goals Connect with Gwen & J: Gwen’s blog: Fiery Millennials Jay’s blog: Millennial Boss Listen to the FIRE Drill Podcast  Connect with me: Journey To Launch Instagram Journey To Launch Twitter Journey To Launch Facebook Page Join the private Facebook Group  
Released:
Dec 13, 2017
Format:
Podcast episode

Titles in the series (100)

Jamila Souffrant is a Certified Financial Education Instructor (CFEI), blogger, podcast host and money coach. She is the founder of www.journeytolaunch.com. As a money expert who “walks her talk” she helps brave Journeyers; gain clarity around their finances and create an actionable plan to reach their goals. Her mission is to teach, inspire and help others reach Financial Freedom. The Journey To Launch podcast explores all aspects of reaching Financial Freedom; from increasing income, becoming tax efficient, paying off debt, investing, saving & learning how to retire early and wealthy.