And he said, you know, when you achieve a certain level of wealth,

and that wealth is throwing off a certain amount of more money,

and that money exceeds what you need to live on and then some,

everything essentially becomes free.

And that's a wonderful place to be.

It was an epiphany for me. I'd never thought about that.

I'm Robert Brokamp, and that was J.L. Collins, the best-selling author of The Simple Path to Wealth,

which was updated and re-released in May. In this replay of an interview I did with Jail earlier this

year, we discussed the challenges and appeal of being a super saver,

the quote-unquote self-cleansing value of index funds, lessons from past market crashes,

and how to use the 4% rule. I really enjoyed my conversation with J.L., who was often referred to

as the godfather of financial independence, and I think you will too.

So this is a family show, we'll start with a sentence from your book, quote,

personally, there is nothing I'd rather buy or own than FU money. So what is FU money and what was

your path to having enough of it? So it's a, because it's a family book, that's why I call it FU money as opposed to spelling out the word.

You know, Robert, kind of a little funny aside, I have had people object to that.

I've even had people say, I stopped reading the book when I got to that.

But I've also had people say, why don't you just use the word?

And so anyway, for what that's worth.

But yeah, so in my mind, I think of it a little differently than I think most people do.

So I think most people equate having a few money to being financially independent.

And that's fine.

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