JL Collins – The Simple Path to Wealth

Financial Independence Podcast

The Mad Fientist

Taxavoidance, Business, Geographicarbitrage, Investing, Tax, Earlyretirement, Travelhacking, Entrepreneurship, Travel, Personalfinance, Stocks, Minimalism, Realestate, Frugality, Retirement, Financialindependence

4.8 • 1.7K Ratings

🗓️ 21 June 2016

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

JL Collins joins me on the Financial Independence Podcast to talk about stocks, bonds, real estate, and his brand new book - The Simple Path to Wealth!

Highlights:

Origin of The Simple Path to Wealth
What’s changed about his investment philosophy over the last four years
Three simple steps to financial independence
Difference between good debt and bad debt
Why buying a house is an indulgence
The only two funds you need and why you don’t need to invest in an international fund
When should you invest in bonds and why the decision has nothing to do with your age
The bad investing habits Jim and I still can’t shake
The important lesson Jim learned from working with the top stock analysts in the industry

To read the full article, visit http://www.madfientist.com/jl-collins-interview/

Transcript

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0:00.0	I'm blind to give you a true finance.
0:05.0	Hey, welcome to the Financial Independence Podcast, the podcast where I get inside the brains of some
0:10.0	of the best and brightest in the personal finance space to find out how they achieved financial
0:13.2	independence.
0:14.2	I'm excited to welcome back my first repeat guest on the show, but before I do I have a proposition
0:19.7	for you, the email I most often get from people and readers and listeners is requests to do more
0:26.9	podcast episodes. I know you guys like them and I love doing them, but the problem is it just
0:32.0	takes a lot of work to do it so if I'm
0:34.0	going to increase my frequency I'm going to need some external motivation to do
0:37.3	it because otherwise I would have done it already. So here's what I'm thinking. I
0:41.0	often hear other podcasters ask their listeners to leave iTunes reviews and I imagine
0:46.3	that's because the more reviews a show has the higher it will rank in iTunes and then the more
0:50.4	people that will listen and the more fun everybody has.
0:53.4	So I know personally I love getting reviews.
0:55.8	I recently just got one from MK Duran and it was probably my favorite review I've ever got
1:02.2	and it really motivated me to put out more shows
1:04.7	and to keep doing it.
1:05.9	So here's my proposition.
1:08.9	I will double my podcasting frequency as soon as I hit 200 five-star reviews in iTunes.
1:15.0	I currently publish about once a month so that would mean increasing my
1:18.8	frequency to twice a month which seems crazy to me right now but there's a lot of guests I really want to get on the show,
1:25.2	and hopefully once I get into the rhythm of the new frequency, then it won't be that much work.
	...

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