JL Collins Recommends This One Fund on a FIRE Path

For people pursuing FIRE (Financial Independence Retire Early), Author JL Collins only recommends one fund.
In this BEST OF MKM interview highlight, he shares why his plan provides effective returns and diversification on someone's FIRE journey.
CHAPTERS
0:00 Intro
0:08 How Can Investors Keep This Diversification Choice Simple?
2:22 Early Retirement: How can someone do this through 50%?
#JLCollins #VTSAX #FIREMovement #FIREJourney #FamilyFinance #PersonalFinance
RESOURCES (Affiliate links below may provide us a commission)
Full interview with JL Collins: • JL Collins: Achieve F...
The Simple Path to Wealth (Book): amzn.to/3T9bQYu
JL Collins NH (Website): jlcollinsnh.com/
GUEST BIO - JL Collins
The author of “The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life”, Mr. Collins offers easy-to-understand, effective guidance and resources to understand investing with confidence.
JL Collins spent most of his career in the publishing business, but that is almost completely unimportant. What mattered (to him and now us) was his driving ambition to have F-you Money. Of all the things you can spend money on the most important, he says, is your freedom.
That was a key message he wanted to impart to his daughter and in 2011 he launched his blog, jlcollinsnh.com, as a means of archiving this and other lessons for her. From that humble beginning, much to his surprise, it has grown to the international readership it enjoys today. It is most famous for its Stock Series of posts.
He also believes stocks, specifically broad based index funds, are far and away the most powerful wealth building tool ever created. Moreover, they always go up. Yet most people who invest in them lose money.
In his book and on his blog, JL Collins explains this apparent contradiction and teaches readers how to harness the market’s power to grow their personal wealth and achieve their own Financial Independence.
OTHER VIDEOS TO WATCH
JL Collins: Achieve Financial Independence w/ Index Funds
• JL Collins: Achieve F...
Kristy Shen and Bryce Leung: Quit Like a Millionaire and Achieve FIRE
• Kristy Shen and Bryce ...
Rich Carey: How I Bought 20 Rental Properties in Cash
• Rich Carey: How I Bou...
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BIO - ANDY HILL:
Andy Hill is the award-winning family finance coach behind Marriage Kids and Money - a platform dedicated to helping young families build wealth and happiness.
Andy's advice and personal finance experience have been featured in major media outlets like CNBC, Forbes, MarketWatch, Kiplinger’s Personal Finance and NBC News. With millions of downloads and views, Andy’s message of family financial empowerment has resonated with listeners, readers and viewers across the world.
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Пікірлер: 18

  • @MarriageKidsandMoney
    @MarriageKidsandMoney Жыл бұрын

    Full interview with JL Collins here: kzread.info/dash/bejne/laSWrpqLXdWxYqw.html

  • @24hourgmtchannel64
    @24hourgmtchannel64 Жыл бұрын

    Love JL Collins however there was a man preaching the beauty and simplicity of the Vanguard Total Stock Marker Index and never selling since it's introduction of the fund in in 1992 and that man is Bob Brinker and his show was Moneytalk. I followed his advise in the 90's and was able to retire three years ago at 53. Bob retired in 2018 and IMO doesn't get enough credit for his service.

  • @MarriageKidsandMoney

    @MarriageKidsandMoney

    Жыл бұрын

    Sounds like someone I should check out!

  • @24hourgmtchannel64

    @24hourgmtchannel64

    Жыл бұрын

    @@MarriageKidsandMoney Like JL Collins sweat voice of investment wisdom this man also could captivate. Really miss listening to him and often come back to this kzread.info/dash/bejne/op2VsJVvpKa7fbw.html

  • @smartmoneyadvice7427
    @smartmoneyadvice7427 Жыл бұрын

    You really only need 1-2 index funds. That’s it. Buy every week/ month. Simple

  • @MarriageKidsandMoney

    @MarriageKidsandMoney

    Жыл бұрын

    Works well!

  • @dropoutandretireearly1781
    @dropoutandretireearly178110 ай бұрын

    JL COLLINS IS SMART but even Bernie Madoff was 1 fund with massive money in lots of things. I would never put my eggs in one basket and when you buy 1 fund that 1 fund always has one boss if im not mistaken.

  • @jennifersarchet5839
    @jennifersarchet5839 Жыл бұрын

    Did he mention the other fund? He said he recommends only two funds but did I only hear one?

  • @MarriageKidsandMoney

    @MarriageKidsandMoney

    Жыл бұрын

    he mentions Total US Bond Index Fund as well at 10% of your portfolio, but says you can't go wrong with 100% VTSAX if you can stomach the volatility!

  • @MarriageKidsandMoney

    @MarriageKidsandMoney

    Жыл бұрын

    Here's our full interview: kzread.info/dash/bejne/laSWrpqLXdWxYqw.html

  • @joshsantos9965

    @joshsantos9965

    3 ай бұрын

    His 2 funds are VTI (VTSAX) and BND (VBTLX). The US stock market and US bond market. No international stocks or bonds.

  • @yugarithen4342
    @yugarithen4342 Жыл бұрын

    I like VT better for a global diversification.

  • @MarriageKidsandMoney

    @MarriageKidsandMoney

    Жыл бұрын

    I see what you mean

  • @eprohoda
    @eprohoda Жыл бұрын

    Marriage, yeah, breathtakinng job-)

  • @MarriageKidsandMoney

    @MarriageKidsandMoney

    Жыл бұрын

    Thanks!

  • @doloresstaana744
    @doloresstaana7447 ай бұрын

    He is wrong. VOO is no. 1. I researched it. What he is saying is no. 3 or 4. The no. 2 is Vanguard Growth Fund. Really VOO is #1. I have them in portfolio.

  • @FrugalTeacherFI

    @FrugalTeacherFI

    7 ай бұрын

    @doloresstaana, incorrect. VTSAX is the largest mutual fund by total $ valuation of invested funds hands down. Far exceeds VOO