Catching Up to FI

First Time Ever! The 2 Most Important Women in the Life of JL Collins | Jane & Jess Collins | 172

11 snips
Oct 12, 2025
Guest
Jane Collins
Guest
Jessica Collins
In a groundbreaking episode, Jane Collins, a former dance teacher, and her daughter Jessica, a fitness entrepreneur and ex-tech sales pro, share their unique insights on financial independence. They reveal how growing up with JL Collins shaped their money habits, emphasizing the importance of experiences over material goods. Jessica recounts her youthful financial lessons and the challenge of delayed car ownership. They also discuss charitable values, early investing habits, and their family's dedication to debt-free living, illustrating how financial education fosters a legacy.
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ANECDOTE

Dollar Divided Into Lessons

  • Jessica remembers receiving a dollar allowance at age ~5 which her dad immediately partitioned into college, charity, and investments.
  • The memory stuck as frustration then but later became a foundational financial lesson.
ANECDOTE

From Zanzibar To Bank Accounts

  • Jane grew up in Zanzibar and developed frugality early, even charging her brother 25% interest when lending money.
  • She worked in a bank and later discovered a surprising account in England after moving to the U.S.
ADVICE

Start Partitioning Money Early

  • Partition allowances and pay yourself first from an early age to build saving habits.
  • Teach kids age-appropriate allocations for college, charity, and investment to normalize long-term thinking.
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