The Money with Katie Show The Easiest Way to Build Wealth with JL Collins, the Godfather of Financial Independence
10 snips
Feb 14, 2024 Financial independence expert JL Collins discusses the simple path to wealth by spending 50% of income and investing the other 50% in VTSAX. They cover relying on VTSAX and the American economy, managing market crashes, and the debate over homeownership. Collins shares his personal investing journey, regretting not discovering index investing earlier. They also emphasize the power of compounding, achieving financial independence regardless of starting point, and avoiding lifestyle creep.
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Episode notes
1 2 3 4 5 6 7 8
Introduction
00:00 • 3min
Financial Mindset and the Importance of Saving
02:48 • 7min
Personal Investing Journey: From Stock Picker to Index Investor
09:43 • 4min
Staying the Course and Learning from Market Crashes
13:51 • 22min
The Power of Compounding and a Story of Financial Independence
35:54 • 5min
Achieving Financial Independence Regardless of Starting Point
41:10 • 20min
Avoiding Lifestyle Creep and Achieving Financial Security
01:01:21 • 23min
The Pros and Cons of Owning a Home as an Investment
01:24:24 • 3min