Podcast appearances and mentions of jl collins

We're back with a particularly spicy Rich Girl Roundup—this time covering the absolute barrage of feedback on the last three episodes ("Student Loans, 50% Save Rates, and Being a Capitalist" with JL Collins, "How to Use Economic Uncertainty to Get Closer to Your Dream Life" with Amanda Holden, and Rich Girl Nation's Ask Me Anything conversation). Plus, a few clips from the Rich Girl Nation launch party. Get your copy of Rich Girl Nation: ⁠https://moneywithkatie.com/rich-girl-nation⁠ Transcripts, show notes, resources, and credits can be found at: https://moneywithkatie.com/monopolies — Money with Katie's mission is to be the intersection where the economic, cultural, and political meet the tactical, practical, personal finance education everyone needs. Learn more about your ad choices. Visit megaphone.fm/adchoices

Mention financial independence and one of the first names that come up is JL Collins, author of the bestselling book 'The Simple Path to Wealth'. In fact, he is affectionately known as the Godfather of FI. One million copies and 10 years after its original publication, JL back with a shiny new, revised and expanded edition... and it just hit the New York Times Bestseller list!!! We know you've heard and seen JL all over the place because he is a BIG deal. But we uncovered some intriguing facts about his life and career that isn't often talked about (we're just curious like that). Here are five things you probably didn't know about JL Collins that we discuss in this episode: Before he ever started writing about financial independence, he worked in the magazine publishing industry.  He was a job-hopper throughout his career to make more money and took lots of sabbaticals because he liked working, just not all the time. He started writing his blog to teach is daughter (Jessica) about investing, problem was… she wasn't listening when she was a kid. His daughter (Jessica) is now in her thirties and turns out, she has gained a deep understanding of his teachings (way more than he originally thought). She's now firmly on the path to FI and just left her corporate job. His daughter Jessica was part of his team in updating the new version of ‘The Simple to Wealth' and getting to work so closely with her was the most gratifying part for him as a dad.  

What if financial independence was simpler than you think? In this powerful episode Craig Curelop reconnects with a prominent figure in the FIRE (Financial Independence, Retire Early) movement J.L Collins, whose best-selling book The Simple Path to Wealth has helped millions unlock freedom through frugality and investing in index funds.  This is not just a rehash—J.L. drops updates on Pathfinders, the upcoming Simple Path to Wealth 2.0, and how staying the course in a volatile market is still the winning strategy. You will walk away with timeless principles of wealth-building, practical investment tips (like using VTSAX), and motivation to pursue Financial Independence regardless of income level. Perfect for anyone in the FIRE movement, new investors, or anyone questioning the value of good debt, savings rates, and lifestyle inflation. PODCAST HIGHLIGHTS: [03:15] Book update and reflections on investing mindset [7:28] Avoiding lifestyle creep and how saving saved him [11:17] 4 percent rule and retirement income planning [16:12] How market volatility shapes disciplined investing long-term [25:27] Vanguard's VTSAX index fund remains JL's top investing pick [32:52] Staying the course when market drops test your resolve [38:03] Pushback on simplicity and myths about wealth accumulation [43:57] Financial independence is about freedom not early retirement age [47:27] Advice to young investors on maximizing savings from start [53:04] Stock market cycles and emotional control with investing [58:26] Meditation mindset helps maintain financial course in crashes  HOST Craig Curelop    

In this conversation, Jillian and JL Collins explore the themes of financial independence, the value of mini retirements, and the importance of life experiences. They discuss the parable of the monk and the minister, which illustrates the balance between wealth and resilience. The conversation delves into the fears surrounding financial decisions and the journey towards financial independence, emphasizing that experiences in youth may not be as accessible in later years. Through a case study of Tom, they highlight the realities of financial setbacks and the importance of confidence in financial planning. In this conversation, the speakers explore the themes of happiness, wealth, and the importance of optimism in life.    Link to Simple Path to Wealth   Takeaways   The parable of the monk and the minister illustrates financial resilience. Mini retirements can enhance life experiences without a catastrophic financial impact. Life stages affect our preferences and capabilities for experiences. Fear of financial missteps can hinder enjoyment of life. Financial independence doesn't eliminate all financial worries. Experiences in youth may not be as accessible in later years. The journey to financial independence can be as important as the destination. Confidence in financial decisions can be built over time. Case studies can provide valuable insights into financial planning. Happiness can exist independently of wealth.  

Andy Hill welcomes back JL Collins—often dubbed the “Godfather of FI”—to discuss the updated and expanded edition of his bestselling book, The Simple Path to Wealth. Together, they demystify investing, discuss the power of index funds, and share how building FU Money can unlock freedom and solopreneur dreams. JL shares lessons from 50 years of market data and why “set it and forget it” is still the winning strategy. RESOURCES: ⁠Sponsors + Partners + Deals⁠ The Simple Path to Wealth (book): ⁠https://amzn.to/3ZBDGS2 (affiliate) Chapters 00:00 – The Simplest Investing Advice You'll Ever Hear00:36 – Why So Few People Invest in the Stock Market01:53 – Why Investing Feels So Complicated (Thanks, Wall Street)03:06 – Index Funds 101: Why They Work04:57 – How Index Funds Are Self-Cleansing06:10 – Avoiding Analysis Paralysis: Stick to One Fund08:17 – Do You Need to Switch Brokerages for Better Funds?09:30 – Should You Add International Stocks? JL's Take12:02 – Set It and Forget It: The Power of Automation15:42 – The “Tweaky Path” vs. The Simple Path16:16 – Filtering Out Financial Fear in the Media20:22 – Investing: A Psychological Game22:45 – 50 Years of Market Returns: What the Data Really Says27:48 – FU Money: Your Runway to Solopreneurship and Freedom29:42 – Buying Freedom vs. Buying Stuff31:47 – Is This Time Really Different? (Spoiler: It's Not)33:46 – Planning for Black Swans? Or Betting on the 99%?35:25 – How to Get Started Today: One Simple Step36:48 – Where to Find the Updated Book and More Resources MKM RESOURCES: ⁠MKM Coaching⁠: Want 1-on-1 support with your family finance journey? Book a time with me today. ⁠Coast FIRE Calculator⁠: A free calculator to help you find out when you can slow down or stop investing for retirement. ⁠Mortgage Payoff Calculator⁠: A free calculator to help you see how fast you can become mortgage free. ⁠YouTube⁠: Subscribe for free to watch videos of these episodes and interviews. RECOMMENDED RESOURCES (SPONSORS AND AFFILIATES): ⁠Monarch Money⁠ - Best Budget App for Families & Couples ⁠Empower⁠ - Free Portfolio Tracker ⁠Crew⁠ - HYSA Banking Built for Families - Get an Extra 0.5% APY with my partner link ⁠Ethos⁠ - Affordable Term Life Insurance ⁠Trust & Will ⁠- Convenient Estate Planning HOW WE MAKE MONEY + DISCLAIMER: This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products. Opinions are the creators alone. Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice. Marriage Kids and Money (www.marriagekidsandmoney.com) is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com. CREDITS: Podcast Artwork: Kayli Johnson Editor: Johnny Sohl Podcast Support: Nev Maraj Learn more about your ad choices. Visit megaphone.fm/adchoices

Financial independence isn't just about early retirement. It's giving your future self freedom. J.L. Collins is the best-selling author of The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life. Robert Brokamp caught up with Collins for a conversation about: - The challenges and appeal of being a super-saver. - How to use the 4% rule. - The value of “self-cleansing” index funds for investors. Ticker discussed: VTI Host: Robert Brokamp Guest: J.L. Collins Producer: Ricky Mulvey Engineer: Rick Engdahl Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, "TMF") do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3163: J.L. Collins lays out a sharp and eye-opening warning about the seductive nature of financial scams and the psychological tricks that make them so effective, even on smart, well-intentioned people. Through personal stories and timeless lessons, he reminds us why skepticism and simplicity are our best defense against losing money to con artists in suits. Read along with the original article(s) here: https://jlcollinsnh.com/2012/03/09/you-too-can-be-conned/ Quotes to ponder: "People don't fall for scams because they're stupid. They fall for scams because they're human." "You're vulnerable to cons when you're greedy, when you're desperate, when you think you know more than you do." "The most dangerous person in your financial life is the slick guy in the expensive suit promising you high returns with low risk." Episode references: The Richest Man in Babylon: https://www.amazon.com/Richest-Man-Babylon-George-Clason/dp/0451205367 Ponzi Scheme - Investopedia: https://www.investopedia.com/terms/p/ponzischeme.asp The Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474 Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3163: J.L. Collins lays out a sharp and eye-opening warning about the seductive nature of financial scams and the psychological tricks that make them so effective, even on smart, well-intentioned people. Through personal stories and timeless lessons, he reminds us why skepticism and simplicity are our best defense against losing money to con artists in suits. Read along with the original article(s) here: https://jlcollinsnh.com/2012/03/09/you-too-can-be-conned/ Quotes to ponder: "People don't fall for scams because they're stupid. They fall for scams because they're human." "You're vulnerable to cons when you're greedy, when you're desperate, when you think you know more than you do." "The most dangerous person in your financial life is the slick guy in the expensive suit promising you high returns with low risk." Episode references: The Richest Man in Babylon: https://www.amazon.com/Richest-Man-Babylon-George-Clason/dp/0451205367 Ponzi Scheme - Investopedia: https://www.investopedia.com/terms/p/ponzischeme.asp The Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474 Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3163: J.L. Collins lays out a sharp and eye-opening warning about the seductive nature of financial scams and the psychological tricks that make them so effective, even on smart, well-intentioned people. Through personal stories and timeless lessons, he reminds us why skepticism and simplicity are our best defense against losing money to con artists in suits. Read along with the original article(s) here: https://jlcollinsnh.com/2012/03/09/you-too-can-be-conned/ Quotes to ponder: "People don't fall for scams because they're stupid. They fall for scams because they're human." "You're vulnerable to cons when you're greedy, when you're desperate, when you think you know more than you do." "The most dangerous person in your financial life is the slick guy in the expensive suit promising you high returns with low risk." Episode references: The Richest Man in Babylon: https://www.amazon.com/Richest-Man-Babylon-George-Clason/dp/0451205367 Ponzi Scheme - Investopedia: https://www.investopedia.com/terms/p/ponzischeme.asp The Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474 Learn more about your ad choices. Visit megaphone.fm/adchoices

I normally talk about MAKING money, but what happens when you have it? How do you actually build wealth and become financially independent? I love the Simple Path to Wealth book by JL Collins for getting started on this.TOOLS MENTIONEDGet 50% off your first year of Monarch Money* - https://soniateach.co/monarch-moneyNurture Life Meal Delivery* - https://soniateach.co/nurture-life-discount-code

JL Collins joins me to discuss a revisitation of The Simple Path To Wealth. Has anything changed since this fundamental investing text was published? We chat about the newly updated version and how times are or are not different now. Learn more about your ad choices. Visit megaphone.fm/adchoices

This week on the Journey to Launch Podcast, I'm excited to welcome back the often called “Godfather of Financial Independence”, JL Collins, author of the bestselling book The Simple Path to Wealth. In this episode, we dive into how to stay calm and confident in today's unpredictable market and why keeping it simple is still the most effective path to building real wealth. We also discuss the timeless power of index fund investing, how to approach investing at different stages of your journey, and why avoiding debt and living below your means are the most powerful tools for building financial freedom. In this episode you'll learn: The 3 core principles of The Simple Path to Wealth and why they haven't changed What to do (and not do) during market downturns and volatility How to approach financial advisors, and when they might actually hurt more than help What's new in the updated edition of The Simple Path to Wealth + much more! Check out the video to this episode on YouTube here. The next FIRE LIVE class is on May 22nd! Get the FIRE Calc tool and save your spot for the class here. A walkthrough of the tool is available here as well.  Other Links Mentioned in episode:  Check out JL's book, The Simple Path to Wealth here.  Join the Journey to Launch Book Club to dive deeper into financial freedom with guided discussions and resources here! Get your copy of my book: Your Journey To Financial Freedom! Join The Weekly Newsletter List to get updates, deals & more! Leave Your Journey To Financial Freedom a review! Get The Budget Bootcamp Check out my personal website here. Leave me a voicemail– Leave me a question on the Journey To Launch voicemail and have it answered on the podcast! YNAB –  Start managing your money and budgeting so that you can reach your financial dreams. Sign up for a free 34 days trial of YNAB, my go-to budgeting app by using my referral link. What stage of the financial journey are you on? Are you working on financial stability or work flexibility? Find out with this free assessment and get a curated list of the 10 next best episodes for you to listen to depending on your stage. Check it out here! Connect with JL Collins: Website Twitter:@JLCollinsNH Facebook:@JLCollinsNH Connect with me: Instagram: @Journeytolaunch Twitter: @JourneyToLaunch Facebook: @Journey To Launch Join the Private Facebook Group Join the Waitlist for My FI Course Get The Free Jumpstart Guide

What do cupcakes, frosting, and financial independence have in common? This week in the basement, Stacking Benjamins welcomes legendary personal finance thinker JL Collins, author of The Simple Path to Wealth, to connect the dots between simple investing and sweet, stress-free success. In a lively conversation with Joe Saul-Sehy, OG, and Mom's neighbor Doug (who may or may not be launching a frosting-themed protest movement), JL shares timeless wisdom on avoiding complexity, embracing low-cost index investing, and why FU money is more than just a clever phrase—it's freedom in a bank account. You'll hear JL's take on portfolio allocation, debt's sneaky impact on your future, and how to survive volatile markets without sacrificing your peace of mind. If you've ever felt stuck in a soul-crushing job? JL's got some perspective you'll love. Then, in the second half of the episode, Joe and OG shift gears to answer a listener question from Mike. He's wondering about the efficient frontier—yes, we're getting fancy now—and wants to know how to move beyond the Simple Path. Joe walks through the different asset classes he thinks about when crafting a diversified portfolio, while OG shares how to think through asset allocation as your wealth and confidence grow. Whether you're curious about real estate, international investing, or just how much to hold in bonds, you'll walk away with a clearer picture of what your portfolio could look like after “graduating” from JL's foundational advice. Why keeping it simple beats chasing trends What “FU money” really means—and how to get it The truth about withdrawal rates and why they matter When debt becomes a dream killer Tips for navigating market downturns without panic How to find freedom without spending a fortune JL's surprisingly profound parable about a monk, a minister, and money Doug's hot take on the great frosting vs. cake debate A deep dive into the efficient frontier and how to set up your asset allocation beyond VTSAX Joe Saul-Sehy and OG's thoughts on portfolio construction for seasoned investors JL's insights have inspired millions on the path to financial independence—and now it's your turn. Tune in, take notes (or don't, we'll recap it in the 201), and remember: sometimes the sweetest success starts with doing less. Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.stackingbenjamins.com/201 Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices

This week, we're getting real about financial independence and why it doesn't have to mean deprivation. Jean sits down with JL Collins, the “Godfather of Financial Independence,” to talk about the relaunch of his bestselling book The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life. In a world of rising prices, economic anxiety, and market volatility, does the FIRE (Financial Independence, Retire Early) movement still work? JL says yes. If you've ever wondered whether financial independence is realistic for you or how to start moving toward it (even slowly), this episode is for you. We're talking index funds, cash cushions, mindset shifts, and how to build resilience when you're inundated with questionable financial advice. Resources and Links: JL Collins' Blog The Simple Path to Wealth (2025 Edition)

The last time JL Collins joined me on the show (our most popular episode ever), we covered everything from millennial challenges, to his “VTSAX and Relax” approach, to lessons from his 2015 best-selling book, The Simple Path to Wealth. Now re-released a decade later with new insights, JL joins us again and we talk about: If the US Dollar still holds its reserve currency status—and what it means if it doesn't America's student loan crisis and the myth of “good debt” The liberation of dramatically downsizing your living expenses Our culture of consumerism, and what might replace it We even had a civil dispute about capitalism (I'll let you guess who played defense) and whether billionaires create jobs or jobs create billionaires Transcripts, show notes, production credits, and more can be found at: ⁠⁠http://moneywithkatie.com/jl-collins⁠. —

JL Collins is the godfather of financial independence. This is my second conversation with JL and I encourage you to check out the first one.He is the author the most iconic books about personal finance and financial independence - The Simple Path to Wealth. He is an advocate of index investing and the power of saving large percentages of income. He is now releasing an updated edition of The Simple Path to Wealth which we discuss in this podcast episode.Links:* The Simple Path to Wealth - https://www.amazon.com/Simple-Path-Wealth-financial-independence-ebook/dp/B01H97OQY2/* Pathfinders - https://www.amazon.com/Pathfinders-Extraordinary-Stories-Financial-Independence-ebook/dp/B0BMLXNMNC/* JL's blog - https://jlcollinsnh.com/* My first conversation with JL Collins: DisclaimerNothing on this substack is investment advice.The information in this article is for information and discussion purposes only. It does not constitute a recommendation to purchase or sell any financial instruments or other products. Investment decisions should not be made with this article and one should take into account the investment objectives or financial situation of any particular person or institution.Investors should obtain advice based on their own individual circumstances from their own tax, financial, legal, and other advisers about the risks and merits of any transaction before making an investment decision, and only make such decisions on the basis of the investor's own objectives, experience, and resources.The information contained in this article is based on generally-available information and, although obtained from sources believed to be reliable, its accuracy and completeness cannot be assured, and such information may be incomplete or condensed.Investments in financial instruments or other products carry significant risk, including the possible total loss of the principal amount invested. This article and its author do not purport to identify all the risks or material considerations that may be associated with entering into any transaction. This author accepts no liability for any loss (whether direct, indirect, or consequential) that may arise from any use of the information contained in or derived from this website. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.securityanalysis.org/subscribe

Hi, and welcome to The Long View. I'm Christine Benz, director of personal finance and retirement planning for Morningstar. Today on the podcast, we welcome back author and blogger JL Collins. JL's first book, The Simple Path to Wealth: Your road map to financial independence and a rich, free life, was published in 2016 and has since sold more than 1 million copies. He has recently come out with a second edition of the book, which his daughter, Jess, collaborated on. In 2023, he published another book called Pathfinders: Extraordinary Stories of People Like You on the Quest for Financial Independence.BackgroundBioThe Simple Path to Wealth (Revised & Expanded 2025 Edition): Your Road Map to Financial Independence and a Rich, Free LifePathfinders: Extraordinary Stories of People Like You on the Quest for Financial Independence—And How to Join ThemThe Simple Path to Wealth, 4% Rule, Inflation, and Stocks“Case Study #1: Putting the Simple Path to Wealth Into Action,” by JL Collins, jlcollinsnh.com, July 10, 2023.“Things Important, and Unimportant,” by JL Collins, jlcollinsnh.com, March 1, 2023.“Stocks—Part XIII: The 4% Rule, Withdrawal Rates and How Much Can I Spend Anyway?” by JL Collins, jlcollinsnh.com, Oct. 15, 2023.“Déjà Vu All Over Again,” by JL Collins, jlcollinshh.com, April 18, 2025.“Stocks—Part IV: The Big Ugly Event, Deflation and a Bit on Inflation,” by JL Collins, jlcollinsnh.com, Nov. 16, 2023.“Stocks—Part XXII: Stepping Away From REITs,” by JL Collins, jlcollinsnh.com, May 12, 2025.“Stocks—Part XXVII: Why I Don't Like Dollar Cost Averaging,” by JL Collins, jlcollinshn.com, Jan. 8, 2024.“Stocks—Part III: Most People Lose Money in the Market,” by JL Collins, jlcollinsnh.com, Nov. 16, 2023.“Time Machine and the Future Returns for Stocks,” by JL Collins, jlcollinsnh.com, July 10, 2023.Debt Paydown“Chainsaws and Credit Cards,” by JL Collins, jlcollinsnh.com, March 30, 2023.“Stocks—Part XXVIII: Debt – The Unacceptable Burden,” by JL Collins, jlcollinsnh.com, May 12, 2025.Other“JL Collins: The Case for Simplicity,” The Long View podcast, Morningstar.com, April 5, 2022.“JL Collins: Spotlighting the Many Paths to Financial Independence,” The Long View podcast, Morningstar.com, Oct. 31, 2023.Vanguard Total Stock Market Index VTSAXBill BengenMr. Money Mustache

Who said building wealth had to be complicated? In this episode, we're joined by JL Collins, author of The Simple Path to Wealth (recently revised). JL was one of the pioneers of the FI space as we know it today, and has been coined "The Godfather of FI". During this interview, we cover: If the Simple Path to Wealth still works in today's economy How to navigate a market downturn How to build your investment portfolio The power of compound interest Why fees can destroy your returns How to spend in alignment with your values The real reason we accumulate money And so much more. If you enjoyed this episode, check out the links below for more content, and don't forget to share this podcast with a friend! Links From the Episode The Simple Path to Wealth JLCollinsNH.com The One Thing That Determines Your Success in the Market (blog post) The Wasting Asset Retirement Model (WARM - blog post) YouTube Interview https://youtu.be/hr7_ZfbKMno Join the Community We'd love to hear your comments and questions about this week's episode. Here are some of the best ways to stay in touch and get involved in The FI Show community! Grab the Ultimate FI Spreadsheet Join our Facebook Group Leave us a voicemail Send an email to contact [at] TheFiShow [dot] com If you like what you hear, please subscribe and leave a rating/review! >> You can do that by clicking here 

In this episode, JL Collins discusses the transformative principles of financial independence outlined in his renowned book, The Simple Path to Wealth. Collins emphasizes the simplicity of investing, the power of living below your means, and the crucial role of compounding returns in achieving financial freedom. The conversation also touches on the newly revised edition of the book, addressing updated data and emergent financial topics, including cryptocurrency, all while maintaining the core philosophy that has empowered millions. Key Takeaways: Financial Freedom's Core: Understanding that financial freedom is achievable through deliberate actions—avoiding debt, living on less than you earn, and investing wisely. The Power of Compounding: Small, consistent investments can lead to significant wealth over time due to compounding returns. Market Downturns as Opportunities: Viewing market declines as chances to buy stocks at lower prices rather than reasons to sell. Simplicity in Investing: Collins advocates a straightforward approach to investing, primarily using low-cost index funds. Revised Edition Highlights: The updated book includes new data, case studies, FAQs, and insights into cryptocurrency while retaining its foundational message. Timestamps & Key Discussion Points: 00:00:19 The Release of the Revised Book Discussion on the new 2025 edition of The Simple Path to Wealth and its significance. 00:05:22 Understanding the Simple Path to Wealth Collins describes how the book began as a personal guide for his daughter and evolved into a life-changing resource for many. 00:07:39 The Importance of Compounding Explanation of compounding wealth and the misconception that it requires starting at a young age. 00:20:15 Investing in Index Funds Discussion on the benefits of investing in broad-based low-cost index funds, particularly VTSAX. 00:27:15 Market Trends and Self-Cleansing Funds Collins introduces the concept of self-cleansing funds and how stock indices adapt to market changes. Actionable Takeaways: Embrace investing consistently in low-cost index funds like VTSAX or similar. Aim for a high savings rate to expedite financial independence. View market downturns as opportunities to enhance your portfolio. Set up automatic contributions to investment accounts. Understand that freedom is the ultimate goal of wealth-building efforts. Discussion Questions: What strategies can you implement to live on less than you earn? How do you feel about the role of compounding in wealth building? Related Resources: The Simple Path to Wealth - 2025 Edition Key Quotes: "If you reach for a star, you might not get one, but you won't come up with a handful of mud either." [Timestamp: 00:09:31] "A stock market crash is a gift." [Timestamp: 00:35:31]

Bill hops onto Jesse Cramer's 'Personal Finance for Long-Term Investors' (formally The Best Interest) podcast to spread the message that it's never too late to start. In this episode he shares: The messy, shame-to-FI journey that inspired Catching Up to FI His three-step "Pause-Plan-Pivot" playbook His trademark mix of candor, nerdy humor, and high-five optimism  

The Simple Path to Wealth is arguably the most influential book in the FIRE movement. JL Collins, its author, is revered among early retirees as one of the trailblazers for FIRE, showing that anyone, with the right investing consistency, can reach financial independence WITHOUT complicated investing strategies, risky alternative assets, or individual stock picking. This is THE simplest way to wealth, but does it still work in 2025? To see, we had to ask the man himself. So, back again, is JL Collins! Today, we're answering the big questions many FIRE chasers still ask. What's the right portfolio balance when growing wealth vs. retiring, does JL hold bonds or 100% index funds, should we be worried about all-time-high price-to-earnings ratios, and do you EVER need to rebalance your portfolio? JL answers them all, plus gives Scott his honest take on what a market crash would mean for his portfolio. But what about real estate, cryptocurrency, and other alternative assets? Is there any space in your portfolio for those, or should you only invest in index funds and bonds? JL has some advice you might not expect, but it could help you if you're itching to diversify.  Want to learn more about The Simple Path to Wealth? Pre-order the updated version, The Simple Path to Wealth (Revised & Expanded 2025 Edition), today!  In This Episode We Cover The “simple” path to wealth, FIRE, and early retirement explained  JL's exact stock/bond ratio while in retirement (and where yours should be) Are Scott's concerns about price-to-earnings ratios valid? JL shares his view When to rebalance your portfolio and why “set it and forget it” investing WON'T work REITs, real estate, and crypto: does JL invest in ANY of these alternative assets (and should you)?  And So Much More! Links from the Show Mindy on BiggerPockets Scott on BiggerPockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Join BiggerPockets for FREE Email Mindy: Mindy@biggerpockets.com Email Scott: Scott@biggerpockets.com BiggerPockets Money Facebook Group Follow BiggerPockets Money on Instagram “Like” BiggerPockets Money on Facebook Subscribe to the BiggerPockets Money YouTube Channel! The Simple Path to Wealth (Revised & Expanded 2025 Edition) How I Lost Money in Real Estate Before It Was Fashionable Grab “The Simple Path to Wealth (Revised & Expanded 2025 Edition)” Get to FIRE Faster with “Set for Life” Sign Up for the BiggerPockets Money Newsletter Property Manager Finder The Simple Path to Wealth—Index Funds Explained with JL Collins Check out more resources from this show on ⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/money-640 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode: The Simple Path to Wealth, Financial Independence, Retirement Strategies, Indexing with JL CollinsEpisode SummaryAdam welcomes back JL Collins to discuss the updated version of his book "The Simple Path to Wealth". JL shares insights and addresses listener questions about debt, lifestyle inflation, and retirement strategies.Guest BioJL Collins is an author & speaker best known for his book "The Simple Path to Wealth," which has become a cornerstone in the FI community. JL's focus on practical advice and clear strategies has helped countless individuals take control of their financial futures.Resources & Books Mentioned"The Simple Path to Wealth" by JL Collins"Pathfinders" by JL CollinsMad Fientist"How I Found Freedom in an Unfree World" by Harry BrownLeave a voicemail for the showGuest Contact InformationBlog: JLCollinsnh.comX: https://x.com/JLCollinsNHFacebook: https://www.facebook.com/jlcollinsnhKey TakeawaysFI is achievable at any age; starting early is beneficial, but it's never too late to begin.Index investing is a powerful strategy that allows for long-term wealth growth with minimal effort.Lifestyle inflation can be managed by tracking expenses and making mindful choices about spending in retirement.Having a solid understanding of personal finance can empower individuals to make better financial decisions.The journey to FI is personal; every step taken towards it is a step in the right direction.PS: Introducing the…

In this episode: financial independence, power of FU money, navigating job insecurity, importance of saving, transitioning to retirement with JL Collins Episode SummaryAdam welcomes JL Collins, a renowned author & speaker in the Financial Independence community. They discuss principles of FI, significance of saving & investing, and the transformative power of FU money. JL shares his personal journey & insights on how to navigate job insecurities & make bold decisions in life.Guest BioJL Collins is an author & speaker best known for his book "The Simple Path to Wealth," which has become a cornerstone in the FI community. JL's focus on practical advice & clear strategies has helped countless individuals take control of their financial futures.Resources & Books Mentioned"The Simple Path to Wealth" by JL Collins"Pathfinders" by JL Collins"How I Lost Money in Real Estate Before It Was Fashionable" by JL CollinsPete/Mr. Money MustacheCarl Jensen/1500daysGuest Contact InformationBlog: https://jlcollinsnh.com/Guided meditation: https://www.youtube.com/watch?v=OOGU94eL07EKey TakeawaysFI is not an on-off switch; every step taken towards saving & investing strengthens your financial position.FU money is essential for providing courage to make bold decisions & navigate uncertain job situations.The power of compounding can lead to significant wealth over time, often exceeding initial expectations.It's crucial to understand your “enough” & build a life that prioritizes both financial security & personal fulfillment.The journey to FI is as important as the destination; enjoy the process & learn along the way.PS: Introducing the…

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 1623: A financial misstep can feel like a disaster, but with the right mindset and strategy, it can become a turning point. JL Collins shares a personal story of losing a large sum of money due to inexperience and emotional investing, then turning that painful lesson into a foundation for lifelong financial wisdom. His insights emphasize the importance of resilience, learning from mistakes, and adopting a long-term, disciplined approach to wealth-building. Read along with the original article(s) here: https://jlcollinsnh.com/2011/06/24/snatching-victory-from-the-jaws-of-defeat/ Quotes to ponder: "This was money I could not afford to lose. But lost it I had." "Painful as it was, this turned out to be one of the best things that ever happened to me." "Successful investing is not about making brilliant moves. It is about consistently not screwing up." Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 1623: A financial misstep can feel like a disaster, but with the right mindset and strategy, it can become a turning point. JL Collins shares a personal story of losing a large sum of money due to inexperience and emotional investing, then turning that painful lesson into a foundation for lifelong financial wisdom. His insights emphasize the importance of resilience, learning from mistakes, and adopting a long-term, disciplined approach to wealth-building. Read along with the original article(s) here: https://jlcollinsnh.com/2011/06/24/snatching-victory-from-the-jaws-of-defeat/ Quotes to ponder: "This was money I could not afford to lose. But lost it I had." "Painful as it was, this turned out to be one of the best things that ever happened to me." "Successful investing is not about making brilliant moves. It is about consistently not screwing up." Learn more about your ad choices. Visit megaphone.fm/adchoices

BUY THE SLOW LIVING BOOK HERE! Today, we're talking about something so many of us wrestle with—separating who we are from what we do. It can be easy to think that your worth is tied to your job title or how hard you're working, but really your identity is not your job. You are worthy of all the wonderful things life has to offer, simply because of who you are—not what you achieve.Separating work from identity can be freeing. Inspired by my book Slow Living, I explore how to detach from the pressures of defining ourselves by our careers. JL Collins talks about The FIRE (Financial Independence, Retire Early) movement, in his book The Simple Path to Wealth by JL Collins. It reinforces this idea—retirement isn't an age, but a financial equation that can create more freedom in your life. Workplaces can feel like a second home but it's important to remember that work and colleagues are separate from your actual life . True belonging comes from the family and close friends who truly know, love, and support you. At the end of the day, your life happens outside of work, with the people who matter most.Want to go back and listen to more episodes like this one? Start here!Episode 9: How to Get What You Want When You Want ItEpisode 16: Matching Your Identity with IntegrityEpisode 32: Dealing with DisappointmentEpisode 49: Quiet QuittingEpisode 53: The Bare MinimumWant to know more about living a slowed down life?!Simple Shortcuts to Peace Course - https://stephanieodea.com/peaceNew Year, New You Mini Challenge - https://stephanieodea.com/newyouJoin me for my LIVE Masterclass - https://stephanieodea.com/masterclass/Website - https://stephanieodea.comBlog - https://stephanieodea.com/blog/Slow Living Podcast - https://stephanieodea.com/podcastSpeaking Opportunities - https://stephanieodea.com/speaking/Coaching Opportunities - https://stephanieodea.com/coaching/Courses - https://stephanieodea.com/courses/Contact -

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3052: JL Collins breaks down how to shift your mindset from short-term price fluctuations to long-term ownership, using VTSAX as a prime example of investing in the entire U.S. economy. Learn why patience, resilience, and a buy-and-hold strategy can lead to financial security over time. Read along with the original article(s) here: https://jlcollinsnh.com/2013/06/14/stocks-part-ixx-how-to-think-about-money/ Quotes to ponder: "You can't successfully dance in and out of the Market." "As long as the company is sound, the fluctuations in its stock price are fairly inconsequential." "Nothing is sure, but I can't think of a surer bet than this." Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3052: JL Collins breaks down how to shift your mindset from short-term price fluctuations to long-term ownership, using VTSAX as a prime example of investing in the entire U.S. economy. Learn why patience, resilience, and a buy-and-hold strategy can lead to financial security over time. Read along with the original article(s) here: https://jlcollinsnh.com/2013/06/14/stocks-part-ixx-how-to-think-about-money/ Quotes to ponder: "You can't successfully dance in and out of the Market." "As long as the company is sound, the fluctuations in its stock price are fairly inconsequential." "Nothing is sure, but I can't think of a surer bet than this." Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3052: JL Collins breaks down how to shift your mindset from short-term price fluctuations to long-term ownership, using VTSAX as a prime example of investing in the entire U.S. economy. Learn why patience, resilience, and a buy-and-hold strategy can lead to financial security over time. Read along with the original article(s) here: https://jlcollinsnh.com/2013/06/14/stocks-part-ixx-how-to-think-about-money/ Quotes to ponder: "You can't successfully dance in and out of the Market." "As long as the company is sound, the fluctuations in its stock price are fairly inconsequential." "Nothing is sure, but I can't think of a surer bet than this." Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3051: JL Collins breaks down the mindset shift needed to stop thinking about what money can buy and start focusing on what it can earn. By understanding opportunity cost and the power of compounding, you can make choices that lead to long-term prosperity rather than fleeting riches. Read along with the original article(s) here: https://jlcollinsnh.com/2013/06/14/stocks-part-ixx-how-to-think-about-money/ Quotes to ponder: “It's not hard. Stop thinking about what your money can buy. Start thinking about what your money can earn. And what the money it earns can earn.” “You have probably heard of The Magic of Compounding. As your savings grow, you earn interest on a bigger and bigger pool of money.” “One of the beauties of being financially independent is that by definition you will have enough money so that the power of Compounding is greater than the Opportunity Cost of what you spend.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3051: JL Collins breaks down the mindset shift needed to stop thinking about what money can buy and start focusing on what it can earn. By understanding opportunity cost and the power of compounding, you can make choices that lead to long-term prosperity rather than fleeting riches. Read along with the original article(s) here: https://jlcollinsnh.com/2013/06/14/stocks-part-ixx-how-to-think-about-money/ Quotes to ponder: “It's not hard. Stop thinking about what your money can buy. Start thinking about what your money can earn. And what the money it earns can earn.” “You have probably heard of The Magic of Compounding. As your savings grow, you earn interest on a bigger and bigger pool of money.” “One of the beauties of being financially independent is that by definition you will have enough money so that the power of Compounding is greater than the Opportunity Cost of what you spend.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3051: JL Collins breaks down the mindset shift needed to stop thinking about what money can buy and start focusing on what it can earn. By understanding opportunity cost and the power of compounding, you can make choices that lead to long-term prosperity rather than fleeting riches. Read along with the original article(s) here: https://jlcollinsnh.com/2013/06/14/stocks-part-ixx-how-to-think-about-money/ Quotes to ponder: “It's not hard. Stop thinking about what your money can buy. Start thinking about what your money can earn. And what the money it earns can earn.” “You have probably heard of The Magic of Compounding. As your savings grow, you earn interest on a bigger and bigger pool of money.” “One of the beauties of being financially independent is that by definition you will have enough money so that the power of Compounding is greater than the Opportunity Cost of what you spend.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3020: JL Collins breaks down the key factors in determining your asset allocation, focusing on risk tolerance, flexibility, and financial standing. He explains how these elements shape investment decisions, highlights personal examples, and offers insights into balancing stocks and bonds based on your financial stage. Whether you're in wealth accumulation or preservation, this guide helps you craft a strategy suited to your goals. Read along with the original article(s) here: https://jlcollinsnh.com/2014/06/10/stocks-part-xxiii-selecting-your-asset-allocation/ Quotes to ponder: "Only you can decide, but if ever there was a time to be brutally honest with yourself, this is it." "For the smoothest transition, you might start slowly shifting into your bond allocation 5 or 10 years before you are fully retired." "It is better to buy and sell in tax-advantaged accounts to avoid creating taxable events." Episode references: Never Pay Taxes Again: https://www.gocurrycracker.com/never-pay-taxes-again/ The Simple Path to Wealth: https://www.amazon.com/Simple-Path-Wealth-Financial-Independence/dp/1533667926 Join 250K readers (20% of which have hit 7 figures) who are already building a brighter financial future - subscribe now. Sign up at readthejoe.com/subscribe-swap Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3020: JL Collins breaks down the key factors in determining your asset allocation, focusing on risk tolerance, flexibility, and financial standing. He explains how these elements shape investment decisions, highlights personal examples, and offers insights into balancing stocks and bonds based on your financial stage. Whether you're in wealth accumulation or preservation, this guide helps you craft a strategy suited to your goals. Read along with the original article(s) here: https://jlcollinsnh.com/2014/06/10/stocks-part-xxiii-selecting-your-asset-allocation/ Quotes to ponder: "Only you can decide, but if ever there was a time to be brutally honest with yourself, this is it." "For the smoothest transition, you might start slowly shifting into your bond allocation 5 or 10 years before you are fully retired." "It is better to buy and sell in tax-advantaged accounts to avoid creating taxable events." Episode references: Never Pay Taxes Again: https://www.gocurrycracker.com/never-pay-taxes-again/ The Simple Path to Wealth: https://www.amazon.com/Simple-Path-Wealth-Financial-Independence/dp/1533667926 Join 250K readers (20% of which have hit 7 figures) who are already building a brighter financial future - subscribe now. Sign up at readthejoe.com/subscribe-swap Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3020: JL Collins breaks down the key factors in determining your asset allocation, focusing on risk tolerance, flexibility, and financial standing. He explains how these elements shape investment decisions, highlights personal examples, and offers insights into balancing stocks and bonds based on your financial stage. Whether you're in wealth accumulation or preservation, this guide helps you craft a strategy suited to your goals. Read along with the original article(s) here: https://jlcollinsnh.com/2014/06/10/stocks-part-xxiii-selecting-your-asset-allocation/ Quotes to ponder: "Only you can decide, but if ever there was a time to be brutally honest with yourself, this is it." "For the smoothest transition, you might start slowly shifting into your bond allocation 5 or 10 years before you are fully retired." "It is better to buy and sell in tax-advantaged accounts to avoid creating taxable events." Episode references: Never Pay Taxes Again: https://www.gocurrycracker.com/never-pay-taxes-again/ The Simple Path to Wealth: https://www.amazon.com/Simple-Path-Wealth-Financial-Independence/dp/1533667926 Join 250K readers (20% of which have hit 7 figures) who are already building a brighter financial future - subscribe now. Sign up at readthejoe.com/subscribe-swap Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3019: JL Collins emphasizes the power of simplicity in investing, advocating for a two-fund strategy using VTSAX (stocks) and VBTLX (bonds) to navigate the wealth acquisition and preservation stages. He explains that while 100% stocks often yield the best returns, adding a small percentage of bonds can smooth volatility. The key to success isn't complexity but discipline staying the course through market ups and downs while keeping costs low. Read along with the original article(s) here: https://jlcollinsnh.com/2014/06/10/stocks-part-xxiii-selecting-your-asset-allocation/ Quotes to ponder: “There is a major crash coming and you've got to toughen up, cupcake, because nobody can predict when, despite all those claiming they can.” “The more you hold in stocks the better your results and the more gut wrenching the volatility you'll be required to endure.” “Making a few sound choices and letting them run is the essence of success, and the soul of the simple path to wealth.” Episode references: Vanguard Retirement Nest Egg Calculator: https://retirementplans.vanguard.com/VGApp/pe/pubeducation/calculators/RetirementNestEggCalc.jsf Betterment: https://www.betterment.com The Simple Path to Wealth: https://www.amazon.com/Simple-Path-Wealth-Financial-Independence/dp/1533667926 Join 250K readers (20% of which have hit 7 figures) who are already building a brighter financial future - subscribe now. Sign up at readthejoe.com/subscribe-swap Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3019: JL Collins emphasizes the power of simplicity in investing, advocating for a two-fund strategy using VTSAX (stocks) and VBTLX (bonds) to navigate the wealth acquisition and preservation stages. He explains that while 100% stocks often yield the best returns, adding a small percentage of bonds can smooth volatility. The key to success isn't complexity but discipline staying the course through market ups and downs while keeping costs low. Read along with the original article(s) here: https://jlcollinsnh.com/2014/06/10/stocks-part-xxiii-selecting-your-asset-allocation/ Quotes to ponder: “There is a major crash coming and you've got to toughen up, cupcake, because nobody can predict when, despite all those claiming they can.” “The more you hold in stocks the better your results and the more gut wrenching the volatility you'll be required to endure.” “Making a few sound choices and letting them run is the essence of success, and the soul of the simple path to wealth.” Episode references: Vanguard Retirement Nest Egg Calculator: https://retirementplans.vanguard.com/VGApp/pe/pubeducation/calculators/RetirementNestEggCalc.jsf Betterment: https://www.betterment.com The Simple Path to Wealth: https://www.amazon.com/Simple-Path-Wealth-Financial-Independence/dp/1533667926 Join 250K readers (20% of which have hit 7 figures) who are already building a brighter financial future - subscribe now. Sign up at readthejoe.com/subscribe-swap Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode we welcome back Christine Benz, director of personal finance and retirement planning for Morningstar. Christine is one of the most respected thought leaders on the topic of retirement and shares insights from her new book, 'How to Retire'. We discuss the importance of preparing for retirement well in advance, building social networks, the significance of diversity in relationships, and more. Today's show is packed with valuable advice and a must listen for anyone approaching or in retirement.   

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3006: ESI from ESIMoney.com breaks down the transformative power of investing, the third step in the "Earn, Save, Invest" wealth-building strategy. By focusing on amount, time, and return, investments compound to multiply your net worth over time. With insights into index funds, real estate, and more, this guide simplifies how to grow wealth efficiently. Read along with the original article(s) here: https://esimoney.com/invest-overview-fueling-your-net-worth/ Quotes to ponder: "Time is the best way to maximize your investment return because your money starts to make money. And then that money starts making money." "Investing is the step that supercharges your net worth and opens the door to high levels of wealth." "Done well, your net worth will shoot to the moon." Episode references: The Simple Path to Wealth by JL Collins: https://www.amazon.com/Simple-Path-Wealth-financial-independence/dp/1533667926 Join 250K readers (20% of which have hit 7 figures) who are already building a brighter financial future - subscribe now. Sign up at readthejoe.com/subscribe-swap Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3006: ESI from ESIMoney.com breaks down the transformative power of investing, the third step in the "Earn, Save, Invest" wealth-building strategy. By focusing on amount, time, and return, investments compound to multiply your net worth over time. With insights into index funds, real estate, and more, this guide simplifies how to grow wealth efficiently. Read along with the original article(s) here: https://esimoney.com/invest-overview-fueling-your-net-worth/ Quotes to ponder: "Time is the best way to maximize your investment return because your money starts to make money. And then that money starts making money." "Investing is the step that supercharges your net worth and opens the door to high levels of wealth." "Done well, your net worth will shoot to the moon." Episode references: The Simple Path to Wealth by JL Collins: https://www.amazon.com/Simple-Path-Wealth-financial-independence/dp/1533667926 Join 250K readers (20% of which have hit 7 figures) who are already building a brighter financial future - subscribe now. Sign up at readthejoe.com/subscribe-swap Learn more about your ad choices. Visit megaphone.fm/adchoices

Join JL Collins and Jillian Johnsrud for this bonus episode in which we celebrate book launch day for The Purpose Code. It is now available wherever books are sold. Join the celebration. Learn more about your ad choices. Visit megaphone.fm/adchoices

Get my Monthly Newsletter here In this episode, Erica shares her top three business book recommendations from 2024 and three bonus reads unrelated to business that left an impact on her.   00:00 Introduction to Consultants and Money Podcast 00:48 Personal Journey with Reading 02:16 Top Business Books of 2024 05:15 Bonus: Non-Business Books That Made an Impact 07:58 Closing Remarks and Holiday Wishes   ____________________ Your 2025 "To Be Read" List: The Simple Path to Wealth by JL Collins | https://a.co/d/4bkAkQl Slow Productivity by Cal Newport | https://a.co/d/5a8Ts68 Never Enough by Andrew Wilkinson | https://a.co/d/gYnSyyi Breath by James Nestor | https://a.co/d/ckssTtK Destiny of the Republic by Candice Millard | https://a.co/d/80kCZ5p The Giver by Lois Lowry | https://a.co/d/5q67wyd ____________________ Connect with Erica | LinkedIn | Website | Newsletter

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2936: Successful investing relies on key traits like patience, confidence, and emotional control, which empower people to ride out market volatility and stick to their financial goals. Vicki Cook and Amy Blacklock outline how embracing continuous learning, understanding risk, and focusing on long-term objectives can help investors especially women close the confidence gap and harness the full potential of compounding to build wealth and security. Read along with the original article(s) here: https://womenwhomoney.com/characteristics-successful-investor/ Quotes to ponder: "Successful investors understand the risk-return relationship and build diversified portfolios aligned with their long-term financial objectives." "Staying focused on your goals, remaining calm, and ignoring the 'noise' during market turmoil are keys to being a successful investor." "Successful investors aren't just confident; they have humility too. They expect volatility in the market but understand volatility and loss are not the same things." Episode references: The Simple Path to Wealth by JL Collins: https://www.amazon.com/Simple-Path-Wealth-financial-independence/dp/1533667926 Learn more about your ad choices. Visit megaphone.fm/adchoices

Paul mentions his upcoming presentation to the ⁠⁠L.A. Chapter of AAII⁠⁠ on November 16, 2024    10:30 to noon. Chris Pedersen and Daryl Bahls join Paul to answer your questions.  Paul opens the podcast with a brief introduction of the team and notes how thankful he is for their commitment to helping others. Paul mentions the huge moves small cap value funds made on November 6.  He follows that with a comparison of the 5 year returns of AVUV and  3 Vanguard small cap value funds (VBR, VIOV and VTWV).  AVUV compound rate of returns were 3 plus percent higher than the Vanguard funds.  Paul's questions:  What caused the higher returns and are they likely to be similar in the future? Chris responds with a lengthy discussion of the systematic approach that AVUV uses and Paul reads what AVUV says about their systematic approach. Chris compares the DFA small cap value fund (DFSV) with AVUV.  Chris also talks about a relative ranking he wants add to his Best In Class recommendations next year. Chris discusses the quality factor of AVUV vs. funds that build their small cap value portfolio using the Russell 2000 Small Cap Value Index.  He introduced a new term: rich minus weak ratio.Paul and Chris discuss the question:  Is AVUV and actively managed fund? Question:  JL Collins recommends VTI (Total Market Index) and Warren Buffett recommends VOO (S&P 500).  Which do we recommend?  Chris notes the important differences between VTI and AVUS and suggests a likely extra .5% return from AVUS. For those who want to own only total market funds, the group discusses the possibilities of replacing both VIT(U.S. Total Market)  and  VXUS (International Total Market) with total market indexes that favor slightly smaller companies with a slightly more value tilt. Paul references Ben Carlson's article about, ⁠⁠“Some Things I Don't Believe About Investing.”⁠⁠  Chris, Daryl and Paul weigh in on things they don't believe about investing.Chris ends with some important comments about how we are likely helping investors. Watch video here.

#194: Build wealth and achieve financial freedom with three simple, actionable steps. Personal finance expert JL Collins discusses the concept of "FU" money, the importance of living on less than you earn, the power of low-cost index fund investing, and other effective strategies to create long-term wealth. JL Collins is the author of The Simple Path to Wealth and a popular personal finance blog, where he helps countless individuals take control of their financial futures by simplifying wealth-building strategies. With decades of experience, his work has been widely influential in the FIRE movement. Link to Full Show Notes: https://chrishutchins.com/jl-collins-the-simple-path-to-wealth Partner Deals DRAM: 20% off my favorite sparkling water with zero calories, zero sugar Facet: Personalized Financial Planning + $250 enrollment fee waived Notion: Try Notion AI free to automate tedious tasks and streamline your work Gelt: Skip the waitlist on personalized tax guidance to maximize your wealth DeleteMe: 20% off removing your personal info from the web For all the deals, discounts and promo codes from our partners, go to: chrishutchins.com/deals Resources Mentioned JL Collins: Blog | X | Facebook Books: The Simple Path to Wealth | Pathfinders Time Machine and the Future Returns for Stocks Blog: Mr. Money Mustache J.P. Morgan Asset Management Analysis: Is your money working its hardest for you? ATH Podcast: Ep #91: Die With Zero: Net Fulfillment Over Net Worth with Bill Perkins Ep #189: Beyond the 4% Rule: Smarter Strategies for Financial Independence with Karsten Jeske Follow & Review on Apple Podcasts Email us for questions, tips, deals and feedback Full Show Notes (00:00) Introduction (02:20) What Is "FU" Money and How Is It Related to Financial Freedom? (04:13) Real Life Examples of "FU" Money (Even With Small Savings) (07:27) The Simple Path to Wealth Explained (09:31) Is Saving the Hardest Part of Creating Wealth? (11:54) How to Prioritize Your Lifestyle for Financial Freedom (19:26) Why Becoming Wealthy Is Simpler Than You Think (23:15) Do You Need to Quit Your Job When You're Financially Independent? (25:52) How to Look at Investments as a Way of Saving (30:08) Should You Cash Out Your Portfolio When the Market Is Down? (36:54) The Different Implications of the Trinity Study (Safe Withdrawal Rates) (40:19) Expanding Your Portfolio Beyond U.S. Exposure (49:21) Difference Between VTSAX vs. VTI (53:19) How to Avoid Fees When Investing (54:54) Strategies to Roll Over 401(k)s (59:36) Exceptions for Debt (1:04:49) Is Financial Independence About Freedom or Wealth? (1:10:06) What Is the Real Benefit of Financial Freedom and Independence? (1:10:52) Where to Find JL Collins Connect with Chris Newsletter | Membership | Twitter | Instagram | LinkedIn Editor's Note: The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.

Does FIRE seem impossible while raising a family? We're about to prove that you CAN have it all. Emily and Joel are financially independent while raising five kids and still have the money to travel the world, take plenty of vacations, and sleep in without worrying about a job. They reached FI in just over a decade and did it without EVER having a high income. How'd they do it? One “financial superpower” allowed them to do what most people won't. Emily and Joel started with $150,000 in student loan debt. Their accounts dwindled at the end of every month, so they began to pay off their loans with the “debt snowball” method. Fast forward a few years, and they were debt-free, but now they had a new challenge: building their net worth! Today, they're sharing the incredible journey they took to go from personal finance zeros to heroes, the “why” behind achieving FI at such young ages, and how they did it all (including keeping expenses SUPER low) while raising not one, not two, but FIVE children. Think FI isn't possible for you? Think again—copy Emily and Joel's plan! In This Episode We Cover How to pay off debt FAST with the “debt snowball” method  Minimizing your expenses and how spending less gets you to FIRE way faster Why you DON'T need to cut out travel/vacations on your path to financial freedom The “financial superpower” you must cultivate if you want to retire early  What 100% of Emily and Joel's portfolio is in and the simple path to building wealth Starting side hustles that pay for your life and why working while FI is NOT a bad thing  And So Much More! Links from the Show Mindy on BiggerPockets Scott on BiggerPockets Kyle on BiggerPockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Join BiggerPockets for FREE 50+ Rentals After Starting in Her 50s and How “Late Starters” Can Get Ahead From 150k in Debt to FIRE in Their Mid-30s (With 5 Kids!) ISI Team Camps Reach FIRE Faster with “Set for Life” Find an Investor-Friendly Agent in Your Area See Mindy at BPCON2024 in Cancun! The Simple Path to Wealth—Index Funds Explained with JL Collins (00:00) Intro (01:07) Six-Figure Debt and Dave Ramsey (05:58) "Snowballing” $150K in Debt (08:27) $1,000,000 FI Number (14:06) Financial Superpowers (15:27) The “Why” Behind FI (18:37) Serious Side Hustles (29:29) Did They Retire? (34:11) Connect with Emily and Joel Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-566 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Ben Kinney, Bob Stewart, and Chad Himes discuss their top ten must-read books on money, wealth building, and investing. From Kiyosaki's "Rich Dad Poor Dad" to JL Collins's "The Simple Path to Wealth," the trio explores diverse financial principles, real estate strategies, and business acumen. They also delve into the stock market, tax efficiency, and long-distance real estate investing with insights from "Tax-Free Wealth" by Tom Wheelwright and David Greene's guide for out-of-state property investment. This episode promises a rich compilation of resources to elevate your financial literacy and investment strategies.   Here are links to the books talked about in this episode: Rich Dad Poor Dad: https://amzn.to/2AH52hr Cash Flow Quadrant: https://amzn.to/3edKStX Simple Path to Wealth: https://amzn.to/30PYN5w The Power of Zero: https://amzn.to/2YdAOeX Profit First: https://amzn.to/2NRjEgf Trammell Crow Master Builder: https://amzn.to/2YdHwBt Tax-Free Wealth: https://amzn.to/2F7v24J Millionaire Real Estate Investor: https://amzn.to/2UWUUb8 HOLD: https://amzn.to/2AGnjLT Long Distance Real Estate Investing: https://amzn.to/3deWFqu   Join our Facebook Group: https://www.facebook.com/groups/   Part of the Win Make Give Podcast Newtork

We had JL Collins, the Godfather of Financial Independence, on the show earlier this year, and there was one question we seemed to disagree on: Are the dollars and cents of life actually harder today than they used to be, or does it just feel that way? This prompted a listener to ask for a deeper dive: The official Boomer vs. Zoomer cage match of economic strife to understand, all else held equal, how the financial worlds these generations grew up in are different (and, more intriguing, the striking ways in which they've never been more alike). Today's episode is a then-and-now comparison into housing, education, wages, inflation, and investing—and I think it's going to surprise you. Transcripts, show notes, production credits, and more can be found at: https://moneywithkatie.com/gen-z-boomers. Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2861: JL Collins explores the allure of investing fads in "Magic Beans," highlighting the recurring trends of Growth Stocks, Actively Managed Funds, and Dividend Aristocrats. He argues that true financial success lies not in chasing these trends but in the reliable, long-term strategy of broad-based index funds. Read along with the original article(s) here: http://jlcollinsnh.com/2012/01/02/magic-beans/ Quotes to ponder: "For supposedly rational creatures we humans seem irrationally drawn to Magic Beans." "You know what Warren Buffet recommends for individual investors? Broad-based Index Funds." Episode references: The Intelligent Investor: https://www.amazon.com/Intelligent-Investor-Definitive-Value-Investing/dp/0060555661 Learn more about your ad choices. Visit megaphone.fm/adchoices