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ChooseFI

462 | Pathfinders | JL Collins

Nov 6, 2023
JL Collins, author of 'Pathfinders', joins ChooseFI to discuss the power of pursuit, FU money, index investing, investing the difference and the simple path to wealth. He emphasizes the importance of taking action and making necessary financial changes on the journey to financial independence. JL Collins debunks misconceptions about money, highlights the benefits of index investing and shares inspiring stories of people on the quest for FI.
58:18

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • The power of pursuit and financial independence can provide confidence and motivation on the path to achieving financial freedom.
  • The simplicity of index fund investing eliminates the need for stock picking and market timing, allowing investors to benefit from overall market growth.

Deep dives

Pathfinders: Extraordinary Stories of People on the Quest for Financial Independence

JL Collins, the godfather of financial independence, discusses his new book, 'Pathfinders,' which features stories from people on their journey to financial independence. The book offers inspiration and insight into the strategies and steps people have taken to achieve financial freedom. Collins emphasizes the simplicity of investing and highlights the power of index fund investing. He debunks the myth that investing is complex and reminds listeners that anyone can follow the simple path to wealth by spending less than they earn, avoiding debt, and investing the difference in low-cost index funds. He also emphasizes the importance of staying the course, even during market downturns, and shares the key principles that have guided his own financial journey.

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