462 | Pathfinders | JL Collins
In this episode: the power of pursuit, FU money, index investing, investing the difference, and the simple path to wealth.
This week we are joined by the godfather of the FI movement himself JL Collins to discuss the themes of his new book "Pathfinders: Extraordinary Stories of People Like You on the Quest for Financial Independence―And How to Join Them." While there is no perfect blueprint to mastering your money, there can be confidence and motivation to be found in the stories of others who have been in your position regardless of what part of the path to FI you are on! Though this journey requires you to have to take action and make necessary financial changes, it is never about complexity and deprivation. But rather, this journey is about recognizing the freedoms gained while pursuing FI, not just when you reach your FI goal! The moment you begin to simplify your path to wealth, you will find yourself becoming a stronger and happier individual!
JL Collins:
- Check Out JL's New Book "Pathfinders: Extraordinary Stories of People Like You on the Quest for Financial Independence―And How to Join Them"
- Website: jlcollinsnh.com
- Other Book: "The Simple Path to Wealth: Your road map to financial independence and a rich, free life"
Timestamps:
- 1:25 - Introduction
- 4:27 - The Power Of Pursuit And FI
- 13:48 - Buying Your Freedom
- 22:34 - There's No Secret To Money
- 30:35 - The Power Of Index Investing
- 43:29 - Spend Less, Avoid Debt, And Invest The Difference
- 51:27 - Following The Simple Path To Wealth
- 56:26 - Conclusion
Resources Mentioned In Today’s Episode:
- "Quit Like a Millionaire: No Gimmicks, Luck, or Trust Fund Required" by Kristy Shen and Bryce Leung
- 10 Reasons People Invest in Hedge Funds
- A Wealth Of Common Sense
- 32 Things to Know about Following The Simple Path to Wealth
- Time Machine and the Future Returns for Stocks
- Subscribe to The FI Weekly!
More Helpful Links and FI Resources:
- Earn $1,050 or more with these 3 Cash Back Cards
- Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence
- Find a new side hustle with one of our Educational Courses
- Commission-free investing with M1 Finance