Marriage Kids and Money: Personal Finance for Families

How One Index Fund Can Make You a Millionaire | JL Collins


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Andy Hill welcomes back JL Collins—often dubbed the “Godfather of FI”—to discuss the updated and expanded edition of his bestselling book, The Simple Path to Wealth. Together, they demystify investing, discuss the power of index funds, and share how building FU Money can unlock freedom and solopreneur dreams. JL shares lessons from 50 years of market data and why “set it and forget it” is still the winning strategy.


RESOURCES:

  • ⁠Sponsors + Partners + Deals⁠
  • The Simple Path to Wealth (book): ⁠https://amzn.to/3ZBDGS2 (affiliate)

  • Chapters

    00:00 – The Simplest Investing Advice You’ll Ever Hear
    00:36 – Why So Few People Invest in the Stock Market
    01:53 – Why Investing Feels So Complicated (Thanks, Wall Street)
    03:06 – Index Funds 101: Why They Work
    04:57 – How Index Funds Are Self-Cleansing
    06:10 – Avoiding Analysis Paralysis: Stick to One Fund
    08:17 – Do You Need to Switch Brokerages for Better Funds?
    09:30 – Should You Add International Stocks? JL’s Take
    12:02 – Set It and Forget It: The Power of Automation
    15:42 – The “Tweaky Path” vs. The Simple Path
    16:16 – Filtering Out Financial Fear in the Media
    20:22 – Investing: A Psychological Game
    22:45 – 50 Years of Market Returns: What the Data Really Says
    27:48 – FU Money: Your Runway to Solopreneurship and Freedom
    29:42 – Buying Freedom vs. Buying Stuff
    31:47 – Is This Time Really Different? (Spoiler: It’s Not)
    33:46 – Planning for Black Swans? Or Betting on the 99%?
    35:25 – How to Get Started Today: One Simple Step
    36:48 – Where to Find the Updated Book and More Resources


    MKM RESOURCES:

    • MKM Coaching⁠: Want 1-on-1 support with your family finance journey? Book a time with me today.
      • Coast FIRE Calculator⁠: A free calculator to help you find out when you can slow down or stop investing for retirement.
        • Mortgage Payoff Calculator⁠: A free calculator to help you see how fast you can become mortgage free.
          • ⁠YouTube⁠: Subscribe for free to watch videos of these episodes and interviews.


            RECOMMENDED RESOURCES (SPONSORS AND AFFILIATES):

            • Monarch Money⁠ - Best Budget App for Families & Couples
              • Empower⁠ - Free Portfolio Tracker
                • Crew⁠ - HYSA Banking Built for Families - Get an Extra 0.5% APY with my partner link
                  • Ethos⁠ - Affordable Term Life Insurance
                    • ⁠Trust & Will ⁠- Convenient Estate Planning


                      HOW WE MAKE MONEY + DISCLAIMER:

                      • This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products.
                        • Opinions are the creators alone.
                          • Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice.
                            • Marriage Kids and Money (www.marriagekidsandmoney.com) is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com.

                            • CREDITS:

                              • Podcast Artwork: Kayli Johnson
                                • Editor: Johnny Sohl
                                  • Podcast Support: Nev Maraj
                                  • Learn more about your ad choices. Visit megaphone.fm/adchoices

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                                    Marriage Kids and Money: Personal Finance for FamiliesBy Andy Hill

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