JL Collins: How to Beat Wall Street with a Boring Portfolio [GREATEST HITS WEEK]

Afford Anything

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Business, Investing

4.6 • 3.4K Ratings

🗓️ 16 April 2024

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

JL Collins, the author of "The Simple Path to Wealth," achieved financial independence in 1989 with a surprisingly simple strategy: saving half his income and investing in index funds. In this episode, JL breaks down his ultra-simple investing approach. He argues that keeping things uncomplicated leads to better results in the long run. "The less you mess with your investments," he says, "the more freedom you have to focus on what truly matters." This episode is for anyone who feels overwhelmed by complex investment strategies. Learn how to set your finances on autopilot and get on with living your life. We originally recorded and aired this episode in 2016. We're sharing this as part of GREATEST HITS WEEK, a 5-day series in which we're sharing 5 episodes, across 5 days, that we produced during the earliest years of the Afford Anything podcast. You may have missed it then; enjoy it now. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:14.7	Welcome. Next week we're airing episode 500. In honor of that, this week we're airing a special five-day series in which we look back on the earliest days of the Afford-Anything podcast. In case you missed it, we air five of our greatest hits from those early days. So five episodes, five days in honor of
0:20.1	episode 500. Today is day two of five. We are replaying our interview
0:27.4	originally recorded in 2016 with a name that's going to be very familiar to many of the people in the financial independence community,
0:36.0	J.L. Collins has been financially independent since 1989,
0:41.0	and he achieved this in the simplest way possible. He saved half of his
0:45.9	income and he invested it in index funds. Now you might be thinking, whoa, whoa,
0:49.7	that doesn't sound simple. There's a distinction between easy and simple. Saving half of your money
0:55.3	is not easy, but it is simple, meaning there is no particular complexity to it. It's difficult, but it is not complex.
1:05.0	J.L. Collins in this interview joins us to talk about the great irony of investing,
1:10.0	which is the fact that the simpler of an approach you use, the more powerful results you are likely to obtain.
1:17.0	He talks about this as the simple path to wealth, and he shares universal classic principles which are as true today as they were back then.
1:26.8	If you want to learn a time-honored, time-tested approach to smart, simple investing. Then enjoy this upcoming episode.
1:36.0	I'm excited to be talking to you because you have a very famous stock series on your blog.
1:45.0	Can you tell the listeners what does the stock series cover broadly?
1:49.0	What does it talk about?
1:50.0	Well, basically it's how to invest to ultimately achieve financial independence.
1:57.2	And it's written for people who really aren't interested in this whole investing thing.
2:03.7	Basically it's written for my daughter.
2:05.9	I think knowing how to manage your money and invest it
2:09.2	is an incredibly powerful tool
2:11.9	to navigating this modern world of ours into ultimately having the maximum freedom that we can have in this modern world.
2:20.0	And so from when she was very little I've tried to show my daughter some of these principles and lessons.
	...

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