20: The Simple Path to Wealth—Index Funds Explained with JL Collins

BiggerPockets Money Podcast

BiggerPockets

Education, Investing, Business

4.5 • 3K Ratings

🗓️ 14 May 2018

⏱️ 83 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Jim Collins has literally done it all. From busboy, produce, clerk, and gas station attendant, to ad agency founder, sales trainer, radio co-host, and publisher. He is a prolific world traveler, having visited more than 30 countries on five continents via motorcycle, car, train, plane, boat—and even elephant. Jim has lived a very good life. And along the way, Jim has learned that money is a tool that can offer the freedom to live the life you want to live. He’s also figured out that there is a very simple path to wealth. While you can make money picking individual stocks, the index fund is a very easy way to grow your wealth in the stock market without spending time researching companies. This episode truly is the show for anyone who has money or wants to have more. Links from the Show BiggerPockets Forums How I failed my daughter and a simple path to wealth (Article) Stock Investing Series - Part XXXII: Why you should not be in the stock market (Article) Stock Investing Series - Part III: Most people lose money in the market (Article) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome to Bigger Pocket's Money, Show Number 20.
0:03.4	The beauty of investing is that if you keep it simple,
0:08.0	it doesn't have to take up much or really any of your time,
0:11.6	very little of your time, and unlike many things in life, the less
0:16.8	effort you put into it, once you understand and implement a few basic concepts, the better your results will be.
0:24.8	It's time for a new American dream, one that doesn't involve working in a cubicle for 40 years,
0:30.0	barely scraping by.
0:31.3	Whether you're looking to get your financial house in order, invest
0:33.7	the money you already have, or discover new paths for wealth creation, you're in the right place.
0:39.5	This show is for anyone who has money or wants more. this is the BiggerPockets Money Podcast.
0:45.0	How's it going everybody? I'm Scott Trench and I'm here with my co-host, Miss Mindy Jensen.
0:49.0	How are you doing today, Mindy?
0:50.0	Scott, I am doing super fantastic. It's a beautiful day out and I am so
0:55.1	excited for today's guest. We have Jim Collins today from J. L. Collins and H.
1:00.4	He has literally done it all from Bus Boy, Produce Clerich and Gas Station
1:06.6	attendant in his younger days to Ad agency founder, sales trainer, radio
1:11.8	co-host, and publisher.
1:14.0	He's a prolific world traveler.
1:16.5	He's visited more than 30 countries on five continents
1:19.7	via a motorcycle car train, plane, boat, and even elephant.
1:23.7	Jim has lived a very good life.
1:25.4	And along the way he learned that money is the tool
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from BiggerPockets, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of BiggerPockets and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.