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Pathfinders | JL Collins
Episode 462

Episode Guide

Financial independence is not just a destination; it's a journey filled with choices and opportunities. JL Collins, author of 'Pathfinders: Extraordinary Stories of People Like You on the Quest for Financial Independence,' emphasizes that pursuing financial independence (FI) unlocks a world of options. The book features inspiring stories that illustrate how anyone can achieve FI, demonstrating that it's accessible to people from all walks of life, regardless of their starting point. The conversation revolves around the misconception that financial independence is unattainable for most, reinforcing that saving and investing can lead to increased strength and freedom from day one. Key quotes from the book highlight the transformative power of saving as a means to buy freedom\u2014not deprivation. Collins also shares vital insights on index fund investing, emphasizing simplicity and the importance of low-cost options in building wealth over time. Ultimately, understanding the journey of financial independence allows individuals to make empowered choices about their future.

Episode Timestamps

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FI blogger most noted for The Stock Series. Author of The Simple Path to Wealth

In "The Simple Path to Wealth," JL Collins presents a clear, accessible guide to achieving financial independence and creating a life of freedom

Where to Find Me

The Simple Path to Wealth

JL Collins’ The Simple Path to Wealth is an invaluable guide for anyone looking to take control of their finances, build long-term wealth, and ultimately achieve financial independence. Written in a refreshingly straightforward and no-nonsense style, Collins distills complex financial concepts into practical, actionable advice that readers can easily grasp, regardless of their experience with investing or personal finance.

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In this episode: the power of pursuit, FU money, index investing, investing the difference, and the simple path to wealth.

This week we are joined by the godfather of the FI movement himself, JL Collins, to discuss the themes of his new book "Pathfinders: Extraordinary Stories of People Like You on the Quest for Financial Independence―And How to Join Them" While there is no perfect blueprint to mastering your money, there can be confidence and motivation to be found in the stories of others who have been in your position regardless of what part of the path to FI you are on! Though this journey requires you to take action and make necessary financial changes, it is never about complexity and deprivation. Instead, this journey is about recognizing the freedoms gained while pursuing FI, not just when you reach your FI goal! The moment you begin to simplify your path to wealth is the moment you will begin the transformation into a stronger, happier individual!

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JL Collins:

Timestamps:

  • 1:25 - Introduction
  • 4:27 - The Power Of Pursuit And FI
  • 13:48 - Buying Your Freedom
  • 22:34 - There's No Secret To Money
  • 30:35 - The Power Of Index Investing
  • 43:29 - Spend Less, Avoid Debt, And Invest The Difference
  • 51:27 - Following The Simple Path To Wealth
  • 56:26 - Conclusion

Resources Mentioned In Today’s Episode:

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