J.L. Collins, Achieving Financial Independence

Motley Fool Money

The Motley Fool

Business, Investing

4.4 • 3K Ratings

🗓️ 7 June 2025

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

Financial independence isn’t just about early retirement. It’s giving your future self freedom. J.L. Collins is the best-selling author of The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life. Robert Brokamp caught up with Collins for a conversation about: - The challenges and appeal of being a super-saver. - How to use the 4% rule. - The value of “self-cleansing” index funds for investors. Ticker discussed: VTI Host: Robert Brokamp Guest: J.L. Collins Producer: Ricky Mulvey Engineer: Rick Engdahl Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, "TMF") do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:31.1	And he said, you know, when you achieve a certain level of wealth,
0:35.1	and that wealth is throwing off a certain amount of more money
0:39.3	and that money exceeds what you need to live on and then some everything essentially becomes free
0:47.9	and that's a wonderful place to be it was an epiphany for me. I'd never thought about that.
1:06.1	I'm Ricky Mulvey, and that's J.L. Collins, bestselling author of The Simple Path to Wealth,
1:12.1	which was updated and re-released this year. He joined my colleague Robert Brokamp to discuss why financial independence needs more than early retirement, lessons from past market crashes,
1:17.6	and why Collins believes that most investors need just one fund. So this is a family show.
1:39.0	We'll start with a sentence from your book, quote,
1:42.7	personally, there is nothing I'd rather buy
1:44.7	or own than FU money. So what is FU money and what was your path to having enough of it?
1:51.2	So it's a, because it's a family book, that's why I call it FU money as opposed to spelling out
1:57.7	the word. You know, Robert, kind of a little funny aside, I have had people
	...

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