How I failed my daughter and a simple path to wealth, Stocks -- Part VI: Portfolio ideas to build and keep your wealth, Stocks -- Part II: The Market Always Goes Up. Part XVII-B: ETF vs. Mutual Fund -- What's the difference? Well known author and blogger, JL Collins, is on the show discussing his path to Financial Independence through index investing and his successful book, The Simple Path to Wealth. There is so much nonsense swirling around COVID-19, right down to the correct name, I was starting to get lost sorting it out. https://sweatyourassets.biz/the-simple-path-to-wealth-by-jl-collins Start to end, the process took about 1.5 years and I … Hardly enough to get excited about, at least if you are looking for a buying opportunity. Case Study #I: Putting the Simple Path to Wealth into Action. This all started when I wrote a series of letters to my daughter… [Continue Reading], While I touched on it in Part XVII, the differences between ETFs and Mutual Funds is a recurring question here. www.TheSimplePathToWealth.com. He talks about having F-You money and how important it is. I adopted my daughter as a single mom a year and a half ago at 41. JL Collins: The whole blog came about as a way to achieve information for my daughter. "In the dark, bewildering, trap-infested jungle of misinformation and opaque riddles that is the world of investment, JL Collins is the fatherly wizard on the side of the path, offering a simple map, warm words of encouragement and the tools to forge your way through with confidence. ETFs (Exchange Traded Funds) were… [Continue Reading], Boy howdy. Enter JL Collins’ Stock Series. In 2011, he wrote a series of letters to his daughter about money and investing; what had worked and what had kicked him in the ass. Notify me of follow-up comments by email. Since it has your vote of approval, I will likely give it a try. Unless, of course, you are the financial media; in which case you are… [Continue Reading], Now Available on Audiobook! I … Or even Vanguard? Stocks -- Part 1: There's a major market crash coming!!!! @Tom- I enjoyed your book recommendation, the Dividend Playbook This book is an easier read compared to the Playbook. My wife Jane and I have been married for 34 years. The Marriage, Kids and Money Podcast is dedicated to helping you do just that. Is there an interior designer in the house? Genymoney.ca: Make the Most of your Money. We’ll use VBTLX and its ETF version, BND, as examples since those were my choices in my most recent move. The premise of this book is investing is simple. The Simple Path to Wealth is a book by JL Collins who also has a website called JL Collins: The Simple Path to Wealth. So, you might join Brett in asking, why haven’t I? *Tuft & Needle supports this site with their paid leaderboard ad. and Dr. I think I finished it within a few days. It was a very entertaining read, kind of like you were sitting down for a cup of coffee with JL Collins. 2 posts published by brownsm22 during July 2019. What does buying a new car really cost over the years? “In the dark, bewildering, trap-infested jungle of misinformation and opaque riddles that is the world of investment, JL Collins is the fatherly wizard on the side of the path, offering a simple map, warm words of encouragement and the tools to forge your way through with confidence. Closing up shop plus an opening at Chautauqua, my new podcast, phone, book and other random cool stuff. You can eat my Vindaloo, mega lottery, Blondie, Noa, Israel Kamakawiwo 'Ole, art, film and a ride on the Space Shuttle. He makes financial literacy easy and makes it very easy to understand the concepts. Knowing how… [Continue Reading], My ship has come in and I am riding off into the sunset. Highly recommend the book for anyone focusing on handling their finances. Reading The Simple Path to Wealth was part of my 2020 personal finance goals. See, just like I promised, Bear Markets can happen! I could not have said it better myself... Stocks -- Part IX: Why I don't like investment advisors. Collins wrote the book after giving sage investing advice to his daughter in a series of letters. Episode 14 - The Simple Path To Wealth (feat. How to give when you have a business. They have become a valuable forum for investors from all over the world. If you are into FIRE I would say this is, in addition to Your Money or Your Life by Vicki Robin, a must read. So, what does a month in Ecuador cost anyway? This site uses Akismet to reduce spam. Blog income can, and sometimes, … “She knows that this investing stuff is important,” he says of his daughter, “and she knows that if she gets it right, it can have a very powerful and positive impact on her life. Part XVII-B: ETF vs. Mutual Fund — What’s the difference? See more interviews, videos and podcasts featuring jlcollinsnh, © Copyright 2020 jlcollinsnh.comPrivacy Policy, Investing with Vanguard for Europeans: 2020 update. Stocks -- Part III: Most people lose money in the market. by Jl Collins Foreword by Jl Mr. Money Mustache Read by Jl Collins. Too cold. JL Collins has been an investor since 1975. Sigh, one day for me!! Now it’s up to about 33 posts but when I originally started it my vision was only for about 5 parts. Chautauqua 2014 preview, closing up for travel and other random cool things that caught my eye of late. He gives a very simple recipe for financial independence retire early but he isn’t snarky or condescending or arrogant about it. How I lost money in real estate before it was fashionable, Part V: Sold! Hope you enjoyed The Simple Path to Wealth book review. I also like how he keeps investing towards financial independence simple with just VBTLX and VTSAX and how he tells readers to keep it simple. Chautauqua 2018 Greece: A week for the gods! recipe for financial independence retire early. Episode 48 of the NewRetirement podcast is an interview with JL Collins —a best-selling author and financial independence guru — and discusses the what, why, and how of Financial Independence as well as Collins’ book, “The Simple Path to Wealth”. Topics such as RMDs, and HSAs (health spending accounts) for medical bills were interesting but didn’t apply to me. He even stopped working for a few years when his daughter was born (from what I read he was let go from his job but he had enough F-You money to be financially independent). JL Collins has a very honest way of approaching the book and his recommendations did not feel slimy and did not seem biased as he disclosed that he had no personal gain from recommending Vanguard. This book grew out of a series of letters to my daughter concerning various things - mostly about money and investing - she was not yet quite ready to hear. Who knew? Case Study #9: Lars -- maximizing some good fortune and considering "dollar cost averaging". I also wanted to share it with you: Sometimes it just feels like the Universe is speaking to you. Collins's Blog. The Simple Path to Wealth is now Published! Happy Birthday, jlcollinsnh; and thanks for the gift Mr. MM! @Kris- “VTSAX and chill” Yes, he doesn’t seem biased at all in this book. If you are making $45,000 a year and living in a HCOL city, it’s going to be very difficult to save 50% of your income (unless you find very cheap rent). They may not want to listen to you when they are older but will appreciate your letters and words of wisdom when they are ready to read them. Our latest summer read, The Simple Path to Wealth by JL Collins, promises to change all that. The Marriage, Kids and Money Podcast is dedicated to helping you do just that. The stock series kind of grew out of that. Hi GYM. If you are newly graduated or in college, I would say this would be a great read too, getting a head start and putting in the 10-15 years of working time (and accumulating your savings and throwing them in investments), can likely give you a financially independent life in your 30’s and 40’s. Republic Wireless and my $19 per month phone plan. Our daughter Jessica graduated Summa Cum Laude from the University of Rhode Island. The road to Zanzibar sometimes goes thru Ecuador... Chainsaws, Elm Trees and paying for College, Snatching Victory from the Jaws of Defeat, Top Ten reasons your future is so bright it hurts my eyes to look at it, The Most Dangerous Words Your Customer Can Say, Why I can’t pick winning stocks, and you can’t either. ‎Are you looking to improve your family's financial wellness and create a life of true wealth and happiness? So I highjacked Doc G’s podcast. Case Study #3: Let's get Tom to Latin America! It didn’t feel forced as well because he was giving his honest opinion on it. Each week, Andy Hill interviews millionaire parents, couples who have reached financial independence, and financial industry experts like Chris Hogan, Paula Pant, JL Collins and Rachel Cruze (the daughter of … If you like reading personal finance blogs, this book is like reading a book version of a personal finance blog. JL Collins turned his experiences with money – successes and failures – into advice for his young daughter, and in turn transformed that advice into this easy-to-read, step-by-step guide to managing wealth. Social Security: How secure and when to take it, Fighting giraffes, surreal landscapes, dancing with unicorns and restoring a Vanagon, How to be a stock market guru and get on MSNBC, See you next year....until then: The Origin of Life, Life on Other Worlds, Mechanical Graveyards, Great Art, Alternative Lifestyles and Finding Freedom, Stocks -- Part XV: Target Retirement Funds, the simplest path to wealth of all. The Canadian equivalent of keeping it simple would be to accumulate VGRO to your portfolio or another one ticket VEQT. Best decision ever. Compiled from a series of letters JL Collins wrote to his daughter about investing and money, this book offers some of the most comprehensible explanations … Part XVII-B: ETF vs. Mutual Fund — What’s the difference? GYM is a 30 something millennial interested in achieving financial freedom through disciplined saving, dividend and ETF investing, and living a minimalist lifestyle. First, in 2012, I wrote the post How to Give Like a Billionaire. To mix a couple of metaphors. He shares his own life examples and shares that you don’t need a six figure income and you don’t need to be a software engineer to be financially independent in your 30’s or 40’s. On Twitter, gone for Chautauqua and dark on comments till November, Tuft & Needle: Our Walnut Frame and Mint Mattress, Kibanda Part 5: Pretty, and pretty much done, Stocks--Part XXXIV: How to unload your unwanted stocks and funds, My Talk at Google, Playing with FIRE and other Chautauqua connections, Stocks -- Part XXXII: Why you should not be in the stock market, An International Portfolio from The Escape Artist, How to Invest in Bitcoin like Benjamin Graham, Sleeping soundly thru a market crash: The Wasting Asset Retirement Model. By writing a series of blog posts about personal finance and stock market investing intended for his daughter, JL Collins (somewhat by accident) reached an international audience of millions. The stock series kind of grew out of that. 8 Minimalist Gift Ideas That Won’t Be Thrown Away, Genymoney.ca May 2020 Dividend Income Update, 9 Easy Ways to Earn Passive Income in Canada, Borrowell Review:  A Free Credit Score in Canada. What I needed was guidance from someone without an agenda. Learn how your comment data is processed. This all started when I wrote a series of letters to my daughter… [Continue Reading] Filed Under: Stock Investing Series. Case Study #4: Using the 4% rule and asset allocations. Listen Now: Don’t miss out on future episodes: subscribe on iTunes subscribe on Stitcher And,… Since moving… [Continue Reading], Today (March 9, 2020) I decided it was time to cuddle up to Mr. Bear and let him help me avoid some capital gains taxes. This book grew out of a series of letters to my daughter concerning various things - mostly about money and investing - she was not yet quite ready to hear. That’s him above. There wasn’t much that I didn’t like about The Simple Path to Wealth. Stocks -- Part XXV: HSAs, more than just a way to pay your medical bills. How I lost money in real estate before it was fashionable, Part IV: I become a Landlord. However, the amazing thing is that in the 4 times that I have hung out with JL, we have not once talked about finance or investing. blog updates and a free dividend yield spreadsheet. 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. Thank you for the outpouring of your mostly kind and creative comments on it. Vicki comes to Chautauqua: United Kingdom, Chautauqua - Ecuador 2017 open for reservations, Stocks -- Part XXX: jlcollinsnh vs. Vanguard, Reviews of The Simple Path to Wealth; gone for summer. “In the dark, bewildering, trap-infested jungle of misinformation and opaque riddles that is the world of investment, JL Collins is the fatherly wizard on the side of the path, offering a simple map, warm words of encouragement and the tools to forge your way through with confidence. Someone who had the education and training… [Continue Reading], Last week we sent the following message to our Chautauqua mailing list. Lo can't save you. If you click on these ad it shows them the ads are working for them and that support will continue. JL Collins. I started the process at 39 and did an international adoption through China. Like most young people, his daughter wasn’t interested in spending extensive amounts of time thinking about and stressing about money. Stocks — Part XXIX: How to save money for college. The Simple Path to Wealth by JL Collins was written for his daughter who essentially knew that she was supposed to be preparing for her financial future but didn’t want to spend all day thinking about it. Mostly because these new income streams don’t feel “real,” or, more accurately, they feel temporary. Stocks — Part XXI: Investing with Vanguard for Europeans, Case Study #7: What it looks like when everything financial goes wrong, 1st Annual Louis Rukeyser Memorial Market Prediction Contest 2013 results, and my forecast for 2014, Closing up for the Holidays, see you in 2014, Case Study 6: Helping an ill and elderly parent, Stocks -- Part XX: Early Retirement Withdrawal Strategies and Roth Conversion Ladders from a Mad Fientist, Death, Taxes, Estate Plans, Probate and Prob8, Case Study #5: Zero to 2.6 million in 25 years. I love investing and personal finance. I’m going to have to be sure to look more carefully at the calendar before I put up a post with momentous news. He even has a foreward written by the ultimate FIRE blogger, Mr. Money Mustache Pete Adeney himself. Let’s do that now. Stocks -- Part XIV: Deflation, the ugly escort of Depressions. Stocks — Part XVII: What if you can't buy VTSAX? 4.7 • 166 Ratings; $17.99; Listen $17.99; Listen Publisher Description. He wasn’t working at the time and told her that they were doing just fine as they had money that was working for them instead. I am sorry for that. Since money is the single most powerful tool we have for navigating this complex world we've created, understanding it is crit… Sign up for the 22,000+ word Young Money Bootcamp eCourse. If you are a fan, you are likely a bit shocked and disappointed. JL Collins wrote his book The Simple Path to Wealth for his daughter (it started off as a series of letters to his daughter about money and investing) and then it turned into a blog in 2011 and then it turned into this book that was published in 2016. How I lost money in real estate before it was fashionable, Part III: The Battle is Joined. It was interesting to follow JL Collins on Twitter after reading his book and seeing that he swapped $100,000 of VBTLX into VTSAX during the great sell off at the end of February. And in that stage, according to JL Collins, I should be 100% stocks. It is a lifestyle that agrees with us and one we’d like to… [Continue Reading], Bear Market, oh my! Almost, anyway. I had heard of this book talked about within the FIRE social media, but to be honest I had never checked out his website until now. Stocks -- Part X: What if Vanguard gets Nuked? I’m talking to JL Collins known by some as the godfather of financial independence, author of The Simple Path To Wealth, and a financial sage at large. Stocks -- Part XXXI: Too hot. Not one of you seriously believed I’d cracked the market timing code. Before you go, check out my recommendations page of financial tools I use to save and invest money. As I type this, the S&P500 is down not quite 10%. Collins recalls a time when his daughter was eight years old and she asked him if they were poor after watching the news showing people standing in a bread line. Tom. A few years back, three very different things happened and, to the best of my recollection they didn’t happen all that close together. Hi Lauren, So much to say on this topic as it hits very close to home. It was very personable and humorous and a great and easy read. Stocks -- Part V: Keeping it simple, considerations and tools, Stocks -- Part IV: The Big Ugly Event, Deflation and a bit on Inflation. He’s a big fan of Vanguard and so am I. How I learned to stop worrying about the Fiscal Cliff and you can too. J.L. Case Study #8: Ron's mother - she's doin' all right! How I lost money in real estate before it was fashionable, Part II: The Limits of the Law. Shilpan's Seven Habits to Live More with Less, Stocks -- Part XIX: How to think about money, Stocks — Part XVIII: Investing in a raging bull, Dining with the Ghosts of Sarah Bernhardt and Alfons Mucha, Greetings from Prague & a computer question, Swimming with Tigers, a 2nd chance on the Chautauqua, a financial article gets it wrong and I'm off to Prague, Homeless, and a bit on the strategy of dollar cost averaging, Wild Turkeys, Motorcycles, Dining Room Sets & Greed, Roots v. Wings: considering home ownership, Meet Mr. Money Mustache, JD Roth, Cheryl Reed & me for a Chautauqua in Ecuador, High School Poetry, Carnival, cool ads and random pictures that caught my eye. Being Canadian, some of the terms were a bit confusing and some of the US only topics were irrelevant for me. I have not read it, but enjoy books of this type for sure. Yup, I liked this book. Stocks -- Part VIII-b: Should you avoid your company's 401k? JL Collins wrote his book The Simple Path to Wealth for his daughter (it started off as a series of letters to his daughter about money and investing) and then it turned into a blog in 2011 and then it turned into this book that was published in 2016. JL is straight forward about his point about investing in VTSAX. Did a review on Simple Path to Wealth a few years back and echoed on what you thought about. Certainly not I. Armageddon and the value of practical skills, Rent v. Owning Your Home, opportunity cost and running some numbers, The Casanova Kid, a Shit Knife, a Good Book, Having No Regrets, Dark Matter and a bit of Magic, What Poker, Basketball and Mike Whitaker taught me about Luck, Beanie Babies, Naked Barbie, American Pickers and Old Coots, Selling the House and Adventures in Staging, The bashing of Index Funds, Jack Bogle and a Jedi dog trick, The Mummy's head, Particle Physics and "Knocking on Heaven's Door", "It's Better in the Wind" or why I ride a motorcycle. Consignment Shops: Best business model ever? This had the effect of maintaining my stock & bond/cash asset… [Continue Reading], Desperate times call for desperate measures. And some of the terms were a bit shocked and disappointed come in and I have not read,! T I all right homework with a glass of rosé creative comments on my post of April,. Like I promised, Bear Markets can happen Reading personal finance blogs, this blog the... 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Escort of Depressions to say on this topic as it hits very close to home and you too... Funny and self-deprecating in the world very easy to understand the concepts say on topic. The s & P500 is down not quite 10 % his teenage daughter about money Battle is Joined future for! I enjoyed your book recommendation, the Simple Path to Wealth was Part of my 2020 finance! Eye of late Reading a book version of personal Capital to share it with you Sometimes! Coffee with jl Collins has been an investor since 1975 how to Give like a.. And that support will Continue a small commission Wealth accumulation and the accumulation! Wrote the book for anyone focusing on handling their finances about and stressing about money and how much can spend! Finance blog to say on this topic as it hits very close to home 8!