Episode 284- The Simple Path to Wealth and All You Need to Know About Index Investing with JL Collins REWIND
Journey To Launch
Jamila Souffrant
4.9 • 1.7K Ratings
🗓️ 24 August 2022
⏱️ 62 minutes
🧾️ Download transcript
Summary
Your path to financial freedom and wealth doesn't have to be complicated. This week's Journey to Launch podcast episode lifts up the veil of overcomplicated investing strategies to show you a more simple path to wealth. Well known author and blogger, JL Collins, is on the show discussing his path to Financial Independence through index investing and his successful book, The Simple Path to Wealth.
JL Collins went from working in an ice cream parlor for $1.25 an hour (he was 13) to accomplishing Financial Independence & Retiring Early (FIRE) before it was even a thing. In this episode, JL Collins breaks down the stock market and everything you need to know about investing in index funds.
In this episode you'll learn:
- What is F-you money and why you need it
- Ways to enjoy breaks or sabbaticals throughout your career
- What are index funds and tips on investing in the market
- Why your house is a terrible investment (his words, not mine)
- What is a Chautauqua, and so much more
Other related blog posts/links mentioned in this episode:
Like what you heard and want to learn more about JL Collins? Check out some of his most popular blogs on this website:
- The Stock Series
- Why your house is a terrible investment
- F-you Money: John Goodman v. jlcollinsnh WARNING: These videos are NOT work or kid-friendly. Watch at your own risk.
Check out JL Collins' book, The Simple Path to Wealth
If you liked this podcast episode, you might also like:
Episode 11- Rejecting Homeownership, Traveling the World & Retiring by 31 Years Old
Episode 105- How To Quit Like a Millionaire So You Can Stop Working & Start Living With Kristy & Bryce
- Check out my new personal website here.
- Join The Weekly Newsletter List
- Leave me a voicemail– Leave me a question on the Journey To Launch voicemail and have it answered on the podcast!
- Watch me on News12 Watch my latest segments on News12
- YNAB – Start managing your money and budgeting so that you can reach your financial dreams. Sign up for a free 34 days trial of YNAB, my go-to budgeting app by using my referral link.
Connect with JL Collins:
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Transcript
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| 0:00.0 | The market is very volatile. It will reward you instantly over the course of decades. |
| 0:10.1 | But in the short term, I tell people, if you don't stay the course, if you panic and |
| 0:15.9 | sell when the market drops and the market will drop, I'm not predicting it's going to |
| 0:20.7 | do that. Tomorrow I have no idea when it's going to happen next, but it will happen because |
| 0:26.5 | that's the nature of the market. |
| 0:57.4 | Hey, hey, hey, hey, Jerniers. Welcome to the Journey to Launch podcast. It's the month of August, |
| 1:02.4 | and if you have not been aware yet, maybe you're just first finding out about the podcast, maybe |
| 1:07.3 | you've been listening for a while. In the month of August, we're just doing some rewind episodes |
| 1:12.3 | of some of my favorite past episodes that I think you need to either hair again if you heard it |
| 1:16.7 | already, or you can hear for the first time again because this content is super still relevant |
| 1:23.5 | and relatable to wherever you are on your journey. This episode is from Episode 141. So this was |
| 1:29.4 | originally Episode 141 with J. L. Collins. Now he wrote the book The Simple Path to Well, and it |
| 1:37.9 | has literally been where I send people when they asked me about how to get started with investing. |
| 1:43.2 | I actually usually send them to his free blog first. He has his great stock series on his blog that I |
| 1:49.4 | will link again in the show notes, and it just allows you to understand the concept of investing |
| 1:55.2 | and then dives into index investing. So I do want to make clear like we are not financial advisors. |
| 2:01.0 | This is not investment advice, but I will say this that for me learning about index investing, |
| 2:08.5 | and how simple it was was something that changed the trajectory of my wealth because it's something |
| 2:13.4 | that I heavily invest in in terms of. It's simple, it's low cost, and we have access to it. It's |
| 2:21.4 | like you can access it, and you'll hear more about this in this episode, but I thought you know what, |
| 2:26.5 | this is one of those staples that everyone needs to hear not once but twice. So buckle up, get your pen |
| 2:32.3 | and paper out, take some notes, and listen to this episode with J. L. Collins where we talk about the |
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