How One Index Fund Can Make You a Millionaire | JL Collins

Marriage Kids and Money: Personal Finance for Families

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9d ago 41:53

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Andy Hill welcomes back JL Collins—often dubbed the “Godfather of FI”—to discuss the updated and expanded edition of his bestselling book, The Simple Path to Wealth. Together, they demystify investing, discuss the power of index funds, and share how building FU Money can unlock freedom and solopreneur dreams. JL shares lessons from 50 years of market data and why “set it and forget it” is still the winning strategy.

RESOURCES:

⁠Sponsors + Partners + Deals⁠
The Simple Path to Wealth (book): ⁠https://amzn.to/3ZBDGS2 (affiliate)

Chapters

00:00 – The Simplest Investing Advice You’ll Ever Hear
00:36 – Why So Few People Invest in the Stock Market
01:53 – Why Investing Feels So Complicated (Thanks, Wall Street)
03:06 – Index Funds 101: Why They Work
04:57 – How Index Funds Are Self-Cleansing
06:10 – Avoiding Analysis Paralysis: Stick to One Fund
08:17 – Do You Need to Switch Brokerages for Better Funds?
09:30 – Should You Add International Stocks? JL’s Take
12:02 – Set It and Forget It: The Power of Automation
15:42 – The “Tweaky Path” vs. The Simple Path
16:16 – Filtering Out Financial Fear in the Media
20:22 – Investing: A Psychological Game
22:45 – 50 Years of Market Returns: What the Data Really Says
27:48 – FU Money: Your Runway to Solopreneurship and Freedom
29:42 – Buying Freedom vs. Buying Stuff
31:47 – Is This Time Really Different? (Spoiler: It’s Not)
33:46 – Planning for Black Swans? Or Betting on the 99%?
35:25 – How to Get Started Today: One Simple Step
36:48 – Where to Find the Updated Book and More Resources

MKM RESOURCES:

⁠MKM Coaching⁠: Want 1-on-1 support with your family finance journey? Book a time with me today.

⁠Coast FIRE Calculator⁠: A free calculator to help you find out when you can slow down or stop investing for retirement.

⁠Mortgage Payoff Calculator⁠: A free calculator to help you see how fast you can become mortgage free.

⁠YouTube⁠: Subscribe for free to watch videos of these episodes and interviews.

RECOMMENDED RESOURCES (SPONSORS AND AFFILIATES):

⁠Monarch Money⁠ - Best Budget App for Families & Couples

⁠Empower⁠ - Free Portfolio Tracker

⁠Crew⁠ - HYSA Banking Built for Families - Get an Extra 0.5% APY with my partner link

⁠Ethos⁠ - Affordable Term Life Insurance

⁠Trust & Will ⁠- Convenient Estate Planning

HOW WE MAKE MONEY + DISCLAIMER:

This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products.

Opinions are the creators alone.

Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice.

Marriage Kids and Money (www.marriagekidsandmoney.com) is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com.

CREDITS:

Podcast Artwork: Kayli Johnson

Editor: Johnny Sohl

Podcast Support: Nev Maraj

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625 episodes