Financial Feminist

233. Investing 101 with JL Collins

May 19, 2025
JL Collins, the 'godfather of financial independence' and author of The Simple Path to Wealth, shares his wealth of knowledge on investing. He emphasizes that you don't need a finance degree to build wealth, advocating for the simplicity of index funds. JL debunks common investing myths and encourages viewers to see market dips as opportunities rather than disasters. He also discusses the importance of financial literacy, diversifying income streams, and the transformative power of consistent investing for achieving financial independence.
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ANECDOTE

JL's Early Finance Journey

  • JL Collins started his financial education journey early after witnessing his father's financial struggles due to illness.
  • He began writing financial letters to his daughter, which evolved into a popular blog for strangers to learn investing.
INSIGHT

Simplicity Outperforms Complexity

  • The financial world appears complex because complexity allows higher fees and gatekeeping.
  • Simple, low-cost, broad index funds outperform complex products and don't require a finance degree.
ADVICE

Skip Experts, Choose Index Funds

  • Avoid paying hefty fees to financial experts who don’t outperform the market.
  • Buy low-cost index funds like Vanguard's VTSAX to beat professional managers over time.
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