Now, she's teaching others how to get to FI on their own journeys. Jamilly Souffrant has been chronicling her journey to financial independence, or FI (the ability to pay one's living expenses for the rest of their life without employment), from initially saving $85,000 in one year to quitting her full-time job in 2018. In these episodes, Torabi answers questions about whether or not to sell a house, splitting bills when spouses make different salaries, and how to catch up on retirement savings. While Torabi has the standard interview episodes with financial experts, it's the "Ask Farnoosh" sessions that any parent can relate to.
Related: How Black Families Are Generating Wealth for the Next Generationįarnoosh Torabi is an award-winning financial correspondent whose podcast contains candid conversations aimed at achieving a richer and happier life. Here are some of the best financial podcasts for parents, about all stages of personal finance. The podcasts below share stories from plenty of people who have completely turned their money lives around-individuals and families who show us that it is possible, no matter what stage of financial literacy we are currently in.
If this sounds like you, you are not alone. Thanks for reading.As parents, many of us constantly worry about our ability to retire, what investments we should make, and how to budget to make sure we hit financial goals for our families. Too often educators give while not taking care of their own financial health. I love education and supporting those who give their lives to help others learn. Now, I combine my two passions of teaching and supporting educators to write about our journey and how educators can defy the myth of the poor teacher to achieve financial independence. We’ve gone from being two broke teachers to reaching FIOR (financial independence optional retirement.) We can now choose to do what we want with our time – I’m walking away from my current role and TFI wants to keep teaching. The years of working hard to improve our income helped us course correct quickly. We created a financial plan and fought back against lifestyle inflation. I started studying personal finance and paying attention to how successful people think about money. Our net worth was $0.Ī dream purchase turned into the nightmare wake up call I needed. Suddenly, we were approaching 40 and had little to show for it and no real plan. Our lifestyle inflated – we spent as much as we earned. Then, we financially wasted most of a decade. We started out together as two broke teachers with a net worth of -$130,000. I planned to be stupid rich and pursued a career in economics – that I ended up hating.įortunately, I met my amazing wife (TFI) and volunteered in her classroom. My childhood experiences and sense of limits created an early, and unhealthy, obsession with money and constant feelings of financial insecurity. How Did It Happen?įirst and foremost, I’m an educator. That’s the quick version, but keep reading if you want more. We started six-figures in debt and now have a seven-figure net worth and we did it all while working as public educators. Poor kid, to broke adult, to nearly financially independent.
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