JL Collins, a personal finance expert and author of The Simple Path to Wealth, shares actionable strategies for achieving financial independence. He introduces the concept of 'FU money'—the freedom that comes from financial security. Collins emphasizes living below your means and the power of low-cost index fund investing. He discusses the importance of proactive tax strategies and reassesses traditional withdrawal rates for retirement. Listeners are encouraged to redefine wealth as the ability to cover expenses without stress, promoting a fulfilling financial life.

Guest JL Collins, author of Pathfinders and The Simple Path to Wealth, discusses the power of FU Money, the superiority of index investing, and the pros and cons of owning a house as an investment. He also delves into the advantages of index funds over individual stocks and actively-managed funds, and offers valuable insights on handling market volatility and preparing for the next crash.

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.

In this episode: VTSAX funds, bonds, cap-weighted funds, finding your ballasts, staying the course, and the simple path to wealth. This week, we are getting back to the basics! While many of you who have been in the FI community for a while now have definitely heard of JL Collins, those who are new should absolutely be prepared to absorb the wealth of information he provides every time he decides to grace our podcast! Listen along as he and Brad review the basic information that can put you on the simple path to wealth that so many in the FI community have walked! Believe it or not, creating wealth for yourself can be simple! JL Collins: Website: jlcollinsnh.com Book: The Simple Path to Wealth: Your road map to financial independence and a rich, free life Chautauqua: Get Information About Chautauqua Here! Timestamps: 1:46 - Introduction 2:40 - Back To Basics, What Is The Simple Path To Wealth 10:15 - Low-Cost Funds And High-Cost Funds 14:56 - Index Funds Are For Lazy People (Just Kidding!) 20:00 - Is It VTSAX Or Nothing? 26:58 - Cap-Weighted Funds 30:53 - Staying The Course 36:32 - Are There Times When Index Funds Aren't A Good Choice? 42:28 - The Highest Likelihood Of Replicable Success 46:38 - Bonds 51:36 - Rising Rates 55:17 - I-Bonds 58:22 - Finding Your Ballasts 64:55 - Conclusion Resources Mentioned In Today’s Episode: JL Collins from jlcollinsnh | The Stock Series | Part 1 | ChooseFI Ep 19 The Stock Series Part 2 | JL Collins | ChooseFI Ep 34 What is The Simple Path to Wealth? | JL Collins | ChooseFI Ep 284 Alan and Katie Donegan's VTSAX Blog Chautauqua | Oh The Places We Will Go | ChooseFI Ep 64 Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

JL Collins, author of The Simple Path to Wealth, shares invaluable financial wisdom. He delves into the Great Depression and the 1929 Crash, shedding light on the risks of margin trading. Collins discusses the psychological resilience needed during market fluctuations, arguing that crashes can benefit young investors by offering 'stocks on sale.' He emphasizes the importance of a disciplined savings strategy and maintaining confidence in market recovery, detailing the dynamics of asset allocation between equities and bonds for a robust investment approach.

Financial independence expert JL Collins discusses the simple path to wealth by spending 50% of income and investing the other 50% in VTSAX. They cover relying on VTSAX and the American economy, managing market crashes, and the debate over homeownership. Collins shares his personal investing journey, regretting not discovering index investing earlier. They also emphasize the power of compounding, achieving financial independence regardless of starting point, and avoiding lifestyle creep.

JL Collins discusses reframing saving, importance of simplicity in investing, minimizing fees, avoiding complex products, disliking real estate as an investment, and conflicts of interest with financial advisors. He also shares insights on Vanguard, index funds, and the impact of timing the market.

In this engaging discussion, JL Collins, a renowned index investing advocate, and Jim Collins, a celebrated author on investment strategies, share invaluable insights. They emphasize the power of index investing as a cornerstone for financial independence and how young investors can benefit from market downturns. The hosts reflect on the importance of teaching children about financial literacy from an early age. They also critique the pitfalls of stock picking and the necessity of maintaining a long-term investment mindset, highlighting the incredible benefits of disciplined investing.

JL Collins, known as the Godfather of Financial Independence, joins to discuss the economic challenges facing Gen Z compared to Baby Boomers. They dive into topics like inflation, housing, and education affordability, surprisingly revealing areas where both generations share common struggles. Collins highlights the increasing burdens of home ownership today and examines the escalating costs of education and student debt. Together, they explore the evolving dynamics of childcare policies and advocate for systemic changes to address economic inequality.

JL Collins, the Godfather of the Financial Independence movement, talks about his new book 'Pathfinders' where he shares stories of achieving financial freedom. Embrace failure as a learning opportunity, measure quality of life, craft a unique life that aligns to values, put family first, stay optimistic in an uncertain world.