What do cupcakes, frosting, and financial independence have in common? This week in the basement, Stacking Benjamins welcomes legendary personal finance thinker JL Collins, author of The Simple Path to Wealth, to connect the dots between simple investing and sweet, stress-free success. In a lively conversation with Joe Saul-Sehy, OG, and Mom’s neighbor Doug (who may or may not be launching a frosting-themed protest movement), JL shares timeless wisdom on avoiding complexity, embracing low-cost index investing, and why FU money is more than just a clever phrase—it’s freedom in a bank account. You’ll hear JL’s take on portfolio allocation, debt’s sneaky impact on your future, and how to survive volatile markets without sacrificing your peace of mind. If you’ve ever felt stuck in a soul-crushing job? JL’s got some perspective you’ll love. Then, in the second half of the episode, Joe and OG shift gears to answer a listener question from Mike. He’s wondering about the efficient frontier—yes, we’re getting fancy now—and wants to know how to move beyond the Simple Path. Joe walks through the different asset classes he thinks about when crafting a diversified portfolio, while OG shares how to think through asset allocation as your wealth and confidence grow. Whether you’re curious about real estate, international investing, or just how much to hold in bonds, you’ll walk away with a clearer picture of what your portfolio could look like after “graduating” from JL’s foundational advice. Why keeping it simple beats chasing trends What “FU money” really means—and how to get it The truth about withdrawal rates and why they matter When debt becomes a dream killer Tips for navigating market downturns without panic How to find freedom without spending a fortune JL’s surprisingly profound parable about a monk, a minister, and money Doug’s hot take on the great frosting vs. cake debate A deep dive into the efficient frontier and how to set up your asset allocation beyond VTSAX Joe Saul-Sehy and OG’s thoughts on portfolio construction for seasoned investors JL’s insights have inspired millions on the path to financial independence—and now it’s your turn. Tune in, take notes (or don’t, we’ll recap it in the 201), and remember: sometimes the sweetest success starts with doing less. Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.stackingbenjamins.com/201 Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices