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Launching to Financial Independence & Helping Others Along The Way

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Hi! I'm Jamila

Last year, my husband and I saved and invested $85,300. Want to learn how to save more money too? 
  • Sign up for the 5 Day Money Savers Challenge and put hundreds of dollars back into your budget so that you can pay off debt, save and invest. 
 
 

Retire

8 Questions You Should Ask About Your 401K

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8 401k Questions You Should AskPre-tax company sponsored retirement plans offer various benefits and can be key to your retire early and/or retire wealthy strategy. Last year, my husband and I saved $85,300 of which $46,600 of that was in our 401k, 403b and 457 plan accounts.

Once I knew the answer to the following 8 questions, I was able to kick my early retirement strategy into high gear. Check out the questions below and use the Free Retirement Account Questionnaire to record your answers: [Read more…] about 8 Questions You Should Ask About Your 401K

My Early Retirement Goals + Can You Do It Too?

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My Early Retirement Goals Retirement in the traditional sense means the action of leaving one’s job and ceasing to work. The “standard” retirement age ranges from around 59 ½ to 66 years-old. The earliest age at which you can access money in your retirement accounts without paying a penalty is 59½-years-old (there are some legal ways around that but we’ll save that for another post). Full social security benefits start at 66 years-old, although you can begin to receive reduced social security benefits at 62 years-old.

If you’re like most people, you probably planned on working until your late 50’s to mid 60’s because that’s just how you were told it’s supposed to be done.

But it doesn’t have to be that way. [Read more…] about My Early Retirement Goals + Can You Do It Too?

Are You On Track To Be Broke or Financially Free in Retirement?

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Are You On Track To Be Broke or Financially Free in Retirement?

According to a study done by the Social Security Administrative office, if you take 100 people and follow them through retirement:

  • 1 will be wealthy
  • 4 will be financially secure
  • 5 will continue working because they have to, not because they want to
  • 36 will be dead
  • 54 will be dead broke and depending on the social security checks, relatives, friends and charity to maintain a minimum standard of living

[Read more…] about Are You On Track To Be Broke or Financially Free in Retirement?

5 Retirement Accounts You Should Know About

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5 Retirement Accounts You Should Know AboutEarly in my career, I had no idea how important investing in retirement accounts were to building real wealth and securing my future. I was only concerned with the money I got in that moment. After all, I was told that the money I contributed to my retirement accounts couldn’t be accessed without penalty until I was 59 years old (which is not entirely true). I thought, who the hell cares about what happens when I’m 60 years old? 

The Jamila of the present moment was not at all concerned about the Jamila 40 years from now. The old Jamila will figure it out I thought.  

[Read more…] about 5 Retirement Accounts You Should Know About

My Journey To Launch: How I Plan To Retire By Age 40

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When I was in my early 20’s, I said that I would never work for anyone after the age of 30. I had such an ambitious can do attitude. I didn’t like the constraints of my Corporate America job and didn’t want to have to call anyone else boss.  I would sit at my cubicle crafting ways in which quitting at 30 was possible. I thought I could do it by my investments in real estate and starting my own business. By then, I already had one property in my portfolio, a studio apartment in a nice area of Brooklyn. [Read more…] about My Journey To Launch: How I Plan To Retire By Age 40