How One Index Fund Can Make You a Millionaire | JL Collins

Marriage Kids and Money: Personal Finance for Families

Andy Hill

Investing, Business, Kids & Family, Parenting

4.9 • 604 Ratings

🗓️ 10 June 2025

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

Andy Hill welcomes back JL Collins—often dubbed the “Godfather of FI”—to discuss the updated and expanded edition of his bestselling book, The Simple Path to Wealth. Together, they demystify investing, discuss the power of index funds, and share how building FU Money can unlock freedom and solopreneur dreams. JL shares lessons from 50 years of market data and why “set it and forget it” is still the winning strategy. RESOURCES: ⁠Sponsors + Partners + Deals⁠ The Simple Path to Wealth (book): ⁠https://amzn.to/3ZBDGS2 (affiliate) Chapters 00:00 – The Simplest Investing Advice You’ll Ever Hear00:36 – Why So Few People Invest in the Stock Market01:53 – Why Investing Feels So Complicated (Thanks, Wall Street)03:06 – Index Funds 101: Why They Work04:57 – How Index Funds Are Self-Cleansing06:10 – Avoiding Analysis Paralysis: Stick to One Fund08:17 – Do You Need to Switch Brokerages for Better Funds?09:30 – Should You Add International Stocks? JL’s Take12:02 – Set It and Forget It: The Power of Automation15:42 – The “Tweaky Path” vs. The Simple Path16:16 – Filtering Out Financial Fear in the Media20:22 – Investing: A Psychological Game22:45 – 50 Years of Market Returns: What the Data Really Says27:48 – FU Money: Your Runway to Solopreneurship and Freedom29:42 – Buying Freedom vs. Buying Stuff31:47 – Is This Time Really Different? (Spoiler: It’s Not)33:46 – Planning for Black Swans? Or Betting on the 99%?35:25 – How to Get Started Today: One Simple Step36:48 – Where to Find the Updated Book and More Resources MKM RESOURCES: ⁠MKM Coaching⁠: Want 1-on-1 support with your family finance journey? Book a time with me today. ⁠Coast FIRE Calculator⁠: A free calculator to help you find out when you can slow down or stop investing for retirement. ⁠Mortgage Payoff Calculator⁠: A free calculator to help you see how fast you can become mortgage free. ⁠YouTube⁠: Subscribe for free to watch videos of these episodes and interviews. RECOMMENDED RESOURCES (SPONSORS AND AFFILIATES): ⁠Monarch Money⁠ - Best Budget App for Families & Couples ⁠Empower⁠ - Free Portfolio Tracker ⁠Crew⁠ - HYSA Banking Built for Families - Get an Extra 0.5% APY with my partner link ⁠Ethos⁠ - Affordable Term Life Insurance ⁠Trust & Will ⁠- Convenient Estate Planning HOW WE MAKE MONEY + DISCLAIMER: This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products. Opinions are the creators alone. Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice. Marriage Kids and Money (www.marriagekidsandmoney.com) is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com. CREDITS: Podcast Artwork: Kayli Johnson Editor: Johnny Sohl Podcast Support: Nev Maraj Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:22.1	enterprise managing vendor risk, Banta makes it quick, easy, and scalable, and I'm not to say
0:27.2	that because I work here. Get started today at banta.com.
0:32.0	Arrange your life so that you're not spending every dime that comes your way. The larger amount
0:37.3	that you devote towards your investments, that comes your way. The larger amount that you devote
0:38.1	towards your investments, the faster you'll get to financial independence, and go out and pick
0:43.6	the brokerage house that most appeals to you, whether it's Vanguard or Fidelity or Schwab or
0:48.8	whatever, and find yourself an S&P 500 or a total stock market index fund.
0:59.8	Open it, start putting money in it on a regular basis, set it up on autopilot, and forget about it.
1:00.3	You're done.
1:06.8	This show is dedicated to helping you, strengthen your family tree and live financially free.
1:12.1	Welcome to the Marriage Kids and Money podcast, everybody.
1:14.2	This is Andy Hill.
1:15.6	And today we're talking about how to simplify investing.
1:19.3	According to the Motley Fool, only 62% of U.S. adults actually own stocks.
1:24.5	That leaves almost 40% of us missing out on the incredible wealth-building
1:30.0	power of the stock market. Why do millions of people choose to not invest in the stock market?
	...

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