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