Episode 427: The Long Game of Wealth Building & Staying the Course with JL Collins

Journey To Launch

Jamila Souffrant

Finances, Business, Realestateinvesting, Entrepreneurship, Earlyretirement, Investing, Budgeting, Wealth

5 • 1.7K Ratings

🗓️ 21 May 2025

⏱️ 63 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week on the Journey to Launch Podcast, I’m excited to welcome back the often called “Godfather of Financial Independence”, JL Collins, author of the bestselling book The Simple Path to Wealth. In this episode, we dive into how to stay calm and confident in today’s unpredictable market and why keeping it simple is still the most effective path to building real wealth. We also discuss the timeless power of index fund investing, how to approach investing at different stages of your journey, and why avoiding debt and living below your means are the most powerful tools for building financial freedom.

In this episode you’ll learn:

The 3 core principles of The Simple Path to Wealth and why they haven’t changed
What to do (and not do) during market downturns and volatility
How to approach financial advisors, and when they might actually hurt more than help
What’s new in the updated edition of The Simple Path to Wealth + much more!

Check out the video to this episode on YouTube here.

The next FIRE LIVE class is on May 22nd! Get the FIRE Calc tool and save your spot for the class here. A walkthrough of the tool is available here as well.

Transcript

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0:00.0	If you can't sit, as Jack Vogel said, and do nothing and endure it, then you shouldn't
0:09.7	be following a simple path to wealth and you probably shouldn't be investing in stocks
0:14.9	at all because stocks are always going to be volatile.
0:18.5	You're always going to be facing the possibility of turmoil
0:22.6	like we're experiencing at this moment. Welcome to the Journey to Launch podcast with your host,
0:30.6	Jamila Sufran. As a money expert who walks her talk, she helps brave journeyers like you, get out of
0:37.2	debt, save, invest, and build real wealth.
0:41.7	Join her on the journey to launch to financial freedom in five, four, three, two, one.
0:53.8	Hey, real quick, before we hop into this episode, I want to remind you that the
0:58.2	Fire Calc Tool and Workshop is happening this Thursday, May 22nd at 12.30 p.m. Eastern Time.
1:04.9	This is where I walk you through the Fire Calc, the tool, the way you can map out, create your own personal roadmap to financial independence. So not only do youc the tool the way you can map out create your own personal roadmap to financial
1:12.6	independence so not only do you get the tool when you sign up you also get the workshop so you get a live
1:19.5	workshop with me where i'm walking you through the tool i can help you figure it out and fill out
1:24.1	your own information so we can workshop that together and if you cannot cannot make the class live, do not worry, you will get the replay.
1:31.4	So again, if you are interested, go to journeytlaunch.com slash firecalc to learn more.
1:38.6	I'm so excited for you to get your hands on this.
1:41.4	So go check it out.
1:42.5	Journey tolaunch.com, firecalcalc for more information and to join us.
1:47.3	I'd love to see you there.
1:48.7	If you want the episode show notes for this episode, go to journeytelonch.com or click the
1:54.4	description of wherever you're listening to this episode.
1:57.4	In the show notes, you'll get the transcribed version of the conversation, the links that we
	...

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