JL Collins is known as “The Godfather of FI,” and for a good reason: He continues to be a pioneer in the FIRE (Financial Independence Retire Early) Movement and a thought-leader in the Financial Independence (FI) space. 

Today, he joins us to discuss the origin story of his groundbreaking blog, the concept behind his new book, Pathfinders, shiny investing object syndrome, and more.

In this episode you’ll also learn more about:

• Defining what “the simple path to wealth” means 
• Breaking down what index funds are, the difference between active and passive investing, and what “self cleansing” means
• How chasing performance is the best way to underperform in investing 
• The 4% rule, the importance of understanding the cost of your comfortable lifestyle, purchasing things from a position of strength, and more

 

Other Links Mentioned in episode:

• The Simple Path To Wealth And All You Need To Know About Index Investing With JL Collins
• The Simple Path to Wealth: Your road map to financial independence and a rich, free life 
• How I Lost Money in Real Estate Before It Was Fashionable: A Cautionary Tale 
• Pathfinders: Extraordinary Stories of People Like You on the Quest for Financial Independence—and How to Join Them
• How To Quit Like A Millionaire So You Can Stop Working & Start Living With Kristy & Bryce
• Quit Like a Millionaire: No Gimmicks, Luck, or Trust Fund Required
• Tim Ferris & James Clear Episode
• Get The Budget Bootcamp for FREE
• Pre-order my new book, Your Journey to Financial Freedom and get access to FIRE STARTER Course for FREE
• Check out my personal website here.
• Join The Weekly Newsletter List
• Leave me a voicemail– Leave me a question on the Journey To Launch voicemail and have it answered on the podcast!
• YNAB –  Start managing your money and budgeting so that you can reach your financial dreams. Sign up for a free 34 days trial of YNAB, my go-to budgeting app by using my referral link.
• What stage of the financial journey are you on? Are you working on financial stability or work flexibility? Find out with this free assessment and get a curated list of the 10 next best episodes for you to listen to depending on your stage. Check it out here!

Connect with JL:

• Website
• Twitter:@JLCollinsNH
• Facebook:@JLCollinsNH

Connect with me:

• Instagram: @Journeytolaunch
• Twitter: @JourneyToLaunch
• Facebook: @Journey To Launch
• Join the Private Facebook Group
• Join the Waitlist for My FI Course
• Get The Free Jumpstart Guide
• Get The Budget Bootcamp for FRE