Your journey to financial freedom : a step-by-step guide to achieving wealth and happiness
"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" -- Publisher's Weekly, (2023).
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.
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.
Item details
- ISBN: 1335007792
- ISBN: 9781335007797
-
Physical Description:
362 pages : illustrations ; 22 cm
print - Publisher: Toronto, Ontario, Canada : Hanover Square Press, [2023]
- Copyright: ©2023
Contents / Notes
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. |
Find similar items by subject
Subject: | Finance, Personal Self-instruction Budget Self-instruction Budget Budget Budget Auto-enseignement budgets BUSINESS & ECONOMICS / Personal Finance / Budgeting Personal finance Wealth |
Genre: | Ouvrages de référence. Documents d'information. Livres de croissance personnelle. Self-help publications. Reference works. Informational works. |
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