233. Investing 101 with JL Collins

Financial Feminist

Her First $100K

Self-improvement, Education, How To, Business

4.7 • 6.2K Ratings

🗓️ 19 May 2025

⏱️ 84 minutes

🔗️ Recording | iTunes | RSS

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Summary

Register for our FREE workshop, Stock Market Secrets: Debunking Common Myths for Successful Investing: http://herfirst100k.com/secrets In today’s episode I’m sitting down with the “godfather of financial independence" aka JL Collins, to demystify investing in the most approachable way possible. JL has been in the game for over 50 years and wrote The Simple Path to Wealth—a book that’s helped nearly a million people understand how to grow their money with confidence. And today, he’s breaking it all down for you. We get real about what investing actually is, why you don’t need a finance degree to build wealth, and how the entire financial industry has tried to gatekeep this information. JL shares why index funds are his go-to, how to avoid common investing mistakes, and why market dips aren’t disasters—they’re opportunities. Whether you’re brand new to investing or just want a no-BS refresh on the basics, this conversation is for you. JL’s Links: The Simple Path to Wealth: https://www.simonandschuster.com/books/The-Simple-Path-to-Wealth-(Revised- Expanded-Edition)/JL-Collins/9798893310474 Read transcripts, learn more about our guests and sponsors, and get more resources at https://herfirst100k.com/financial-feminist-show-notes/233-investing-101-with-jl-collins/ Looking for accountability, live coaching, and deeper financial education? Check out our exclusive community! Join the $100K Club: https://herfirst100k.com/100k-pod Our favorite travel and cash-back credit cards, plus other financial resources: https://herfirst100k.com/tools Not sure where to start on your financial journey? Take our FREE money personality quiz! https://herfirst100k.com/quiz Special thanks to our sponsors: Squarespace Go to www.squarespace.com/FFPOD to save 10% off your first website or domain purchase. Rocket Money Stop wasting money on things you don’t use. Cancel your unwanted subscriptions by going to RocketMoney.com/FFPOD. Quince For your next trip, treat yourself to the luxe upgrades you deserve from Quince. Go to Quince.com/FFPOD for free shipping on your order and 365-day returns. Netsuite Download the CFO’s Guide to AI and Machine Learning at NetSuite.com/FFPOD. Masterclass Get an additional 15% off any annual membership at Masterclass.com/FFPOD. Indeed Get a $75 sponsored job credit to get your jobs more visibility at Indeed.com/FFPOD. ZocDoc Visit Zocdoc.com/FFPOD to find and instantly book a top-rated doctor today. ResortPass Visit Resortpass.com and use code FFPOD to get $20 off your first ResortPass experience. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Today we are sitting down with the godfather of the financial independence movement, and we're talking all things investing.
0:06.0	We're getting into everything from index funds to the stock market craziness right now to the fire movement.
0:12.0	And it's truly like sitting down with like a kind father figure as he walks us through everything we need to know to be smart and successful investors.
0:19.0	The market doesn't crash when it's feeling comfortable and good.
0:22.6	It crashes when there's a pandemic and it's scared.
0:25.6	But it always passes.
0:28.1	J.L. Collins is known as the godfather of financial independence in the financial
0:31.8	independence community.
0:33.2	An investor in the stock market for the past five decades, he's distilled his knowledge down into
0:38.0	the simple path to wealth, which is sold close to a million copies across 20 languages worldwide.
0:43.4	And if you buy the whole market and hold it at a very low cost, you will outperform all those
0:50.4	professional managers. JL joins us today to really break down investing and all of the
0:55.0	jargon around it and calling out the gatekeeping culture that tries to make things seem too
0:59.2	complicated for you as an investor. Some of these things are so complex that the people created
1:04.5	don't quite understand. And there's a reason for that. The more complex it is, the higher the fees
1:09.8	you can charge around it, and the more you can
1:12.2	convince people that, oh, you shouldn't bother your pretty little head about this. Give me your money.
1:16.9	I will take care of it. We talk about investing strategy, the common mistakes we see people make,
1:21.7	and how JL feels about hot button financial topics like the fire movement, financial advisors,
1:26.9	and ethical investing.
1:28.3	And he does have some pretty hot takes. This is a classic financial episode of financial
1:32.8	feminist and JL is so great at distilling these concepts down into something that will make
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