The Simple Path to Wealth with JL Collins

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  • čas přidán 12. 03. 2021
  • JL Collins lays out his famous Simple Path to Wealth framework like only he can.
    Want to learn more about the FIRE movement and how you can achieve financial independence? Watch the documentary Playing with FIRE today!
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    Check out the book Playing with FIRE, based on the documentary:
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    Or listen on Audible:
    🎧 www.audible.com/pd/B07MVN6VHC...
    Get started on your FIRE journey:
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    Find more of JL's work here:
    👩‍💻 jlcollinsnh.com/
    Read JL's book "The Simple Path to Wealth":
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    Thanks for watching!
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Komentáře • 39

  • @PlayingwithFIREco
    @PlayingwithFIREco  Před 3 lety +20

    Let that voice wash over your wealth building sensibilities, and enjoy the ride!

  • @GaryMiller1973
    @GaryMiller1973 Před 2 lety +37

    I listen to The Simple Path To Wealth on audiobook every 6 months. Whenever I start to fall into my old habits of trading on News Headlines and trying to time the market I go back to it again. I remind myself that nobody knows what the market will do 5 minutes from now. So J.L. Collins is now my calming voice of reason. Thank you

    • @josefadams647
      @josefadams647 Před 2 lety +3

      Thank you I needed to see this. I got on to find JL to tell me not to go back to old habits ✌️

    • @choose1percentbetter
      @choose1percentbetter Před rokem +1

      Love the idea of rereading every 6 months! Love it!

  • @nicholasmartinez6043
    @nicholasmartinez6043 Před 11 měsíci +1

    I have read a ton on investing, but after reading his book, I use his principles almost exclusively. It’s worked out tremendously for our household

  • @fiology
    @fiology Před 3 lety +14

    This is a great clip that sums up The Simple Path strategy and the justification for it. Thanks for everything JL!

  • @RoadtoFIRE
    @RoadtoFIRE Před 3 lety +9

    Loved his book. His voice is so soothing haah

  • @thomasabarca5960
    @thomasabarca5960 Před 3 lety +14

    WWJLCD
    VTSAX and Chill 😎

  • @vtheb1299
    @vtheb1299 Před 3 lety +9

    My favorite JLC quote: a stock can only drop 100%, but it can go up unboundedly! :)

  • @freetrade2financialfreedom407

    JL has the most enchanting voice I have ever heard and a great investing path to follow too ! I’m a U.K. subscriber and purchased the Playing with FIRE documentary previously and thoroughly enjoyed it.

    • @PlayingwithFIREco
      @PlayingwithFIREco  Před 3 lety +1

      Yes he does! Thank you for the kind words and support, all the way from the UK 🇬🇧! 🔥

  • @michaelcarroll543
    @michaelcarroll543 Před 3 lety +6

    Three minutes that could change your life

  • @robertk9936
    @robertk9936 Před rokem +3

    I've been following this path total stock market and total bond market index funds for about 5 years now.... Hope it turns out well in the end when I retire in 25 years 🤞

  • @kennethhumpf6502
    @kennethhumpf6502 Před 3 lety +13

    I took Jim's advice through Vanguard and I do not regret it.

  • @michellel.6001
    @michellel.6001 Před 3 lety +4

    The Man!

  • @Captain_FI
    @Captain_FI Před 3 lety +11

    That voice man, gotta love the OG (original granddaddy) of FI/RE!

  • @JD--we4rd
    @JD--we4rd Před 11 měsíci +1

    Hello. Simple but effective to sum up this book.

  • @markcatanese3608
    @markcatanese3608 Před 2 lety +1

    Great advice. Sometimes simple is the best way to invest. It took me 55 years to finally realize that. I find it funny how they say sometimes the best invested is a dead person because they don’t touch there investments. Max out the index and DONT TOUCH IT!!!!

  • @choose1percentbetter
    @choose1percentbetter Před rokem +2

    ❤❤❤

  • @smalltownpicker
    @smalltownpicker Před 3 lety +3

    First!!!

  • @TheRetirementality
    @TheRetirementality Před 3 lety +2

    I'm a Real Estate guy and I just started in the stock market. I bought all of the ARK funds instead of VTSAX. We will see if I was smart or not.

    • @49pdiep
      @49pdiep Před 3 lety +2

      Did you notice the expense ratio to the ARK funds, it’s 0.75% compared to VTSAX .06%. That 0.75% will eat into your gains. VTSAX is the better choice

    • @TheRetirementality
      @TheRetirementality Před 3 lety

      @@49pdiep I didn't, but I did notice that the ARK funds are done a shit ton since I bought them. I'm just going to hope they will outperfom VTSAX (which I also own)

    • @muffemod
      @muffemod Před 3 lety

      OH FUCK DOWN 12% YTD!

    • @harrychufan
      @harrychufan Před 2 lety

      @@TheRetirementality unfortunately the math says they won’t in the long term

  • @joshsantos9965
    @joshsantos9965 Před 8 měsíci +1

    Why no international ?

    • @PlayingwithFIREco
      @PlayingwithFIREco  Před 5 měsíci

      Nearly all companies in most index funds have international exposure already baked in.

    • @joshsantos9965
      @joshsantos9965 Před 5 měsíci +1

      @@PlayingwithFIREco international revenue has nothing to do with how an international stock market performs and provides returns

  • @pomp4401
    @pomp4401 Před měsícem

    This is only works in the US, not on other countries.

  • @priceandpride
    @priceandpride Před 6 měsíci

    TPS reports but TSP if you work for the government

  • @jg7088
    @jg7088 Před 3 lety

    Not a fan of buy and hold if stock market goes down

    • @PlayingwithFIREco
      @PlayingwithFIREco  Před 3 lety +2

      Highly recommend you read his book then, if you haven’t already.

    • @Pieter2360
      @Pieter2360 Před 2 lety

      When the (stock) market drops, you rebalance. During accumulation, you should welcome stock market drops as those increase expected future returns.