How to expand shell variables in a text file?

This question has been asked in another thread, and this is the best answer IMO:

export LOG_FILE_PATH=/expanded/path/of/the/log/file/../logfile.log
cat Text_File.msh | envsubst > Text_File_expanded.msh

if on Mac, install gettext first: brew install gettext

see:
Forcing bash to expand variables in a string loaded from a file