The Best Advice from JL Collins

To celebrate the release of JL Collins' new book, Pathfinders, I collected all the best advice from his Financial Independence Podcast interviews!
Jim has been on the show three times:
* First, back in 2012 (he was my second guest ever!)
* Second, when his hit book, The Simple Path to Wealth, was released
* Third, during the depths of the Coronavirus crash
That last interview may be my proudest moment as the Mad Fientist (I explain why during the show).
Hope you enjoy this jam-packed episode!
HIGHLIGHTS
* The power of FU Money and why it may be less money than you think
* Jim’s biggest investing mistake and what he learned from it
* Why index investing is superior to active investing
* Are REITs and international funds necessary
* Why your house may not be a good investment
* Thoughts on stock picking and actively-managed funds
* What makes Vanguard unique and why it’s best for investors
* The three keys to becoming wealthy
* Lessons learned from Black Monday
* How to prepare for the next market crash
SHOW LINK
www.madfientist.com/jl-collin...

[@The_NomadNinja]

Valuable insight to look back at what people were saying in March 2020. Whatever podcast or talking head you enjoy listening to now, take some time to listen to what they were saying in the spring of 2020. You might be surprised.

[@renan3916]

hey man, good to see you back

[@LordAmbien]

Your content inspired my path to fire a decade ago. Can’t thank you enough for your efforts and time spent sharing your knowledge with us.

[@mrxrav]

Solid advice. Thanks for sharing.

[@stuffstuffstuffyay]

excellent as usual

[@70qq]

made my day seeing a new post !

[@DharokWretched]

Gotta love hearing from the mad fientist

[@96ej]

Thanks for sharing

[@kirsten121]

Why does JL Collins recommend transferring into bonds as opposed to just cashing in some fund units say once a month, like you used to get a wage? (As long as you have a cash cushion as well for when the stock market is down?)

[@kirsten121]

I really want to know what Vanguard Global fund JL Collins recommends for the UK investor! Seems it's a toss up between Global All Cap and All World. Slight differences in charges and whether emerging markets covered.