Afford Anything JL Collins: How to Beat Wall Street with a Boring Portfolio [GREATEST HITS WEEK]
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Apr 16, 2024 JL Collins, author of 'The Simple Path to Wealth,' shares his strategy for financial independence through index fund investing. He advocates for simplicity in investment approaches, emphasizing the power of setting finances on autopilot. Topics include the benefits of staying invested long-term, the decision between debt payoff and investing, and the contrarian view on index fund investing in the US market.
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Stock Series Written for Daughter
- J.L. Collins wrote his stock series for his daughter who wasn't interested in thinking about investing constantly.
- He realized most people prefer focusing on other meaningful pursuits but need a simple investing solution.
Simplicity Yields Investment Power
- The simpler your investment approach, the more powerful your results over time.
- J.L. Collins strips investing down to essential index funds, ignoring complex Wall Street offerings.
Don't Panic Market Crashes
- Expect stock market crashes and corrections as normal and routine.
- Do nothing during crashes; focus on long-term gains without panic.