Bill & Becky continue their chat with THE JL Collins, author of THE Simple Path to Wealth and the acclaimed "Godfather of FI".  We began the last episode with JL Collins playing John Goodman in the "Why you need F-You Money" clip.  We start this episode with "A Guided Meditation for When the Stock Market is Dropping".  JL helps us answer many questions.  What do we do when the stock market drops? What about international diversification?  What about dollar cost averaging a lump sum into the market?  Tune in! Just like the old EF Hutton commercial, "When JL Collins talks, people listen!" :)

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Resources mentioned on the show:

JL Collins homepage

A Guided Meditations for When the Stock Market is Dropping

The Stock Series

The Simple Path to Wealth: Your Roadmap to Financial Independence and a Rich, Free Life by JL Collins

How I Lost Money in Real Estate Before it was Fashionable: A Cautionary Tale by JL Collins

Pathfinders:  Extraordinary Stories of People Like You on the Path to Financial Independence-And How to Join Them by JL Collins to be released October 31, 2023

Dollar Cost Averaging Posts

VTSAX, Vanguard's Total Stock Market Index Fund

VBTLX, Vanguard's Total Bond Market Index Fund

How I Failed My Daughter and a Simple Path to Wealth

Disclaimer: We are not lawyers, financial advisors, accountants or tax experts. Please consult your own professional advisors before making any important decisions. Our content is for entertainment and education purposes only.