The Long View JL Collins: The (Still) Simple Path to Wealth
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May 20, 2025 
JL Collins, a leading voice in financial independence, returns to discuss the updated edition of his bestseller, The Simple Path to Wealth. He shares timeless investment philosophies and emphasizes the importance of personal resilience in achieving financial goals. The conversation tackles student debt and strategic investment approaches, advocating for simplicity in investing. Using a humorous beer metaphor, JL distinguishes between speculative bubbles and solid investments, while promoting low-cost index funds for effective diversification.
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Tom's Resilience Despite Financial Loss
- Tom lost almost everything but remained resilient and happy through immense challenges.
- His story illustrates that financial hardship doesn't preclude contentment when needs are simple.
Exit Soul-Crushing Jobs Early
- Quit a soul-crushing job even if it means a slightly higher withdrawal rate from savings.
- Find ways to supplement income if the safe withdrawal rate isn't enough to escape unhappy work.
Aggressively Pay Down Debt
- Treat debt as an emergency—stop adding new debt and pay it down aggressively.
- Living on less than income and directing surpluses to debt leads to lasting financial freedom.