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Your journey to financial freedom : a step-by-step guide to achieving wealth and happiness Cover Image Book

Your journey to financial freedom : a step-by-step guide to achieving wealth and happiness

Souffrant, Jamila (author.).

Summary: "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" --

Record details

  • ISBN: 9781335007797
  • ISBN: 1335007792
  • Physical Description: print
    362 pages : illustrations ; 22 cm
  • Publisher: Toronto, Ontario, Canada : Hanover Square Press, [2023]

Content descriptions

Bibliography, etc. Note:
Includes bibliographical references (pages 347-349) and index.
Formatted Contents Note:
Introduction -- Part 1: The what, why, and how of financial independence. Financial independence is within your reach -- The journeyer stages -- The 6 essential components to work on to reach FI -- The FI formula and how the 6 components work together -- Part 2: Creating your enjoyable financial independence plan. Assessing your mindset and habits -- Uncovering your desired life goals and determining your guacamole level -- Setting financial goals -- Creating your financial independence plan -- Part 3: Executing your plan. Optimize expenses -- Increase income -- Pay down liabilities -- Increase assets -- Part 4: Enjoying the journey. The importance of staying focused and consistent on the path to financial independence -- Conclusion.

Search for related items by subject

Subject:
Finance, Personal Self-instruction
Budget Self-instruction
Budget
Genre:
Informational works.
Reference works.
Self-help publications.
Programmed instructional materials.

Available copies

  • 21 of 23 copies available at NC Cardinal. (Show)
  • 1 of 1 copy available at Onslow County Public Library.

Holds

  • 0 current holds with 23 total copies.
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Location Call Number / Copy Notes Barcode Shelving Location Status Due Date
Jacksonville Main Library 332.024 SOU (Text) 36015000440046 Adult Nonfiction Available -
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