If you are like me and it is telling you something you don’t want to hear, you can be slow to listen. The Simple Path to Wealth is now Published! Highly recommend the book for anyone focusing on handling their finances. We would like to show you a description here but the site won’t allow us. June 12, 2020. Stocks -- Part XIII: The 4% rule, withdrawal rates and how much can I spend anyway? 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. There wasn’t much that I didn’t like about The Simple Path to Wealth. JL is straight forward about his point about investing in VTSAX. 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. Collins recognizes that most people, including his daughter, aren’t passionate about investing or personal finance. To mix a couple of metaphors. JL Collins known for his Stock Series on the blog. He’s a big fan of Vanguard and so am I. Chautauqua 2015 Reviews, 2016 registration open, Case Study #15: The Scavenger Life -- Freedom first, then Financial Independence, 3rd Annual (2015) Louis Rukeyser Memorial Market Prediction Contest results, and my forecast for 2016, Personal Capital; and how to unload your unwanted stocks and funds, Stockchoker: A look back at what your investment might have been, Case Study #14: To Dream the Impossible Dream (and then realize it), Gone for Summer, an important note on comments and random cool stuff that caught my eye, Stocks — Part VIII: The 401(k), 403(b), TSP, IRA & Roth Buckets, Stocks -- Part XXVIII: Debt - The Unacceptable Burden, Case Study #12: Escaping a soul-crushing job before you're 70, Case Study #11: John, a small business owner in transition, Trish and Stan take an Intrepid Sailing Voyage, 2014 Annual Louis Rukeyser Memorial Market Prediction Contest results, and my forecast for 2015, Chautauqua February 7-14, 2015: Escape from Winter, Stocks -- Part XXVII: Why I Don’t Like Dollar Cost Averaging, Jack Bogle and the Presidential Medal of Freedom. Or even Vanguard? Rent v. owning: A couple of case studies in Ecuador. Case Study #10: Should Josiah buy his parents a house? The Marriage, Kids and Money Podcast is dedicated to helping you do just that. The Marriage, Kids and Money Podcast is dedicated to helping you do just that. See, just like I promised, Bear Markets can happen! JL Collins turned his experiences with money – successes and failures – into advice for his young daughter, and in turn transformed that ... Adulting Is Easy (Lauren) Jun 11 How I lost money in real estate before it was fashionable, Part I: Impossibly Naive. *Tuft & Needle supports this site with their paid leaderboard ad. 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). Genymoney.ca: Make the Most of your Money. Each week, Andy Hill interviews millionaire parents, couples who have reached financial independence, and finan… Start to end, the process took about 1.5 years and I … 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. In it I described how to use Donor Advised Funds (DAF) to maximize your tax deduction for your charitable… [Continue Reading], Please Note: If you are outside Europe and the US, please be sure to read thru the comments on the original of this post. 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. Stocks -- Part VIII: The 401K, 403b, TSP, IRA & Roth Buckets. My wife Jane and I have been married for 34 years. I think I finished it within a few days. Let’s do that now. Stocks -- Part XIV: Deflation, the ugly escort of Depressions. blog updates and a free dividend yield spreadsheet. What I needed was guidance from someone without an agenda. I have not read it, but enjoy books of this type for sure. Stocks -- Part XXXI: Too hot. These morphed into jlcollinsnh.com with its international audience and now famous Stock Series; which in turn have led to … Almost, anyway. Annual Louis Rukeyser Memorial Market Prediction Contest, How I Lost Money in Real Estate before it was Fashionable. He’s funny and self-deprecating in the book. While I touched on it in Part XVII, the differences between ETFs and Mutual Funds is a recurring question here. 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. Stocks -- Part III: Most people lose money in the market. I adopted my daughter as a single mom a year and a half ago at 41. It didn’t feel forced as well because he was giving his honest opinion on it. 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. by jlcollinsnh 64 Comments. Notify me of follow-up comments by email. I could not have said it better myself... Stocks -- Part IX: Why I don't like investment advisors. I think that’s a great idea as a money lesson for your children. and Dr. I started the process at 39 and did an international adoption through China. I am sorry for that. How I lost money in real estate before it was fashionable, Part II: The Limits of the Law. I’m impressed. 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. I also wanted to share it with you: Sometimes it just feels like the Universe is speaking to you. “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. Unless, of course, you are the financial media; in which case you are… [Continue Reading], Now Available on Audiobook! Sign up for the 22,000+ word Young Money Bootcamp eCourse. Reading The Simple Path to Wealth was part of my 2020 personal finance goals. Blog income can, and sometimes, … The stock series kind of grew out of that. **These are affiliate links and should you chose to do business with them, this blog will earn a small commission. If you are one of my detractors, like Bob here on twitter… Bob’s Backtested Bunker “the fact that… [Continue Reading], In my recent post Taking Advantage of Mr. Bear, I described how this current decline offered me the opportunity to move from VTSAX (stocks) to VMMXX (cash) in my taxable account while simultaneously moving an equal amount of VBTLX (bonds) to VTSAX in my IRA. and the taxman cometh. It was very personable and humorous and a great and easy read. I love investing and personal finance. Certainly not I. Mostly because these new income streams don’t feel “real,” or, more accurately, they feel temporary. Case Study #4: Using the 4% rule and asset allocations. 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. recipe for financial independence retire early. That’s him above. So I highjacked Doc G’s podcast. Here’s evidence of me enjoying my homework with a glass of rosé. 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. 2 posts published by brownsm22 during July 2019. Since it has your vote of approval, I will likely give it a try. Chautauqua 2014: Lightning strikes again! Part XVII-B: ETF vs. Mutual Fund — What’s the difference? Our latest summer read, The Simple Path to Wealth by JL Collins, promises to change all that. 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 XIV: Deflation, the ugly escort of Depressions. Part XVII-B: ETF vs. Mutual Fund -- What's the difference? The Simple Path to Wealth is a book by JL Collins who also has a website called JL Collins: The Simple Path to Wealth. Before you go, check out my recommendations page of financial tools I use to save and invest money. Blanket statements like that can be a bit misleading. I … Case Study #8: Ron's mother - she's doin' all right! And in that stage, according to JL Collins, I should be 100% stocks. The only minor thing that bugged me was that he talks about saving 50% of your income as something that is very reasonable and easy to do. A few years back, three very different things happened and, to the best of my recollection they didn’t happen all that close together. 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. It was a very entertaining read, kind of like you were sitting down for a cup of coffee with JL Collins. This guy, JL Collins, has a blog that has its inception in some letters about personal financial well-being to his daughter. We’ll use VBTLX and its ETF version, BND, as examples since those were my choices in my most recent move. “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. JL Collins has been an investor since 1975. Stocks -- Part XXV: HSAs, more than just a way to pay your medical bills. So, what does a month in Ecuador cost anyway? genymoney.ca 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. Hardly enough to get excited about, at least if you are looking for a buying opportunity. The premise of this book is investing is simple. This site uses Akismet to reduce spam. https://sweatyourassets.biz/the-simple-path-to-wealth-by-jl-collins See more interviews, videos and podcasts featuring jlcollinsnh, © Copyright 2020 jlcollinsnh.comPrivacy Policy, Investing with Vanguard for Europeans: 2020 update. As regular readers here know, for the past few years we have been homeless and nomadic. Listen Now: Don’t miss out on future episodes: subscribe on iTunes subscribe on Stitcher And,… Perhaps I should have covered it better. Don’t forget to subscribe for blog updates and a free dividend yield spreadsheet. Stocks — Part XXIX: How to save money for college. Being Canadian, some of the terms were a bit confusing and some of the US only topics were irrelevant for me. 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. He even has a foreward written by the ultimate FIRE blogger, Mr. Money Mustache Pete Adeney himself. 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 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). First, in 2012, I wrote the post How to Give Like a Billionaire. If you click on these ad it shows them the ads are working for them and that support will continue. The Canadian equivalent of keeping it simple would be to accumulate VGRO to your portfolio or another one ticket VEQT. Not pure enough. Now, in the world of financial independence and early retirement (FIRE), few authors are as well-respected as he is. Best decision ever. 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. Stocks -- Part V: Keeping it simple, considerations and tools, Stocks -- Part IV: The Big Ugly Event, Deflation and a bit on Inflation. Stocks -- Part XVI: Index Funds are really just for lazy people, right? How I learned to stop worrying about the Fiscal Cliff and you can too. As I type this, the S&P500 is down not quite 10%. Learn how your comment data is processed. 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. 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. 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. 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. Chautauqua 2014 preview, closing up for travel and other random cool things that caught my eye of late. Lo can't save you. He makes financial literacy easy and makes it very easy to understand the concepts. This all started when I wrote a series of letters to my daughter... [Continue Reading] The post Investing with Vanguard for Europeans: 2020 update appeared first on jlcollinsnh. Step-By-Step Guide on How to Invest your TFSA with Questrade, Canadian Investing: Basic Tips on How to Get Started, Investing for Millennials: A How to Guide, The 5 Best Canadian Dividend Stocks to Invest In, Rakuten Canada Review: Get Cash Back on Amazon.ca. If you are a fan, you are likely a bit shocked and disappointed. Episode 14 - The Simple Path To Wealth (feat. 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. Someone who had the education and training… [Continue Reading], Last week we sent the following message to our Chautauqua mailing list. Stocks — Part XVII: What if you can't buy VTSAX? 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. This had the effect of maintaining my stock & bond/cash asset… [Continue Reading], Desperate times call for desperate measures. Topics such as RMDs, and HSAs (health spending accounts) for medical bills were interesting but didn’t apply to me. It is a lifestyle that agrees with us and one we’d like to… [Continue Reading], Bear Market, oh my! Now it’s up to about 33 posts but when I originally started it my vision was only for about 5 parts. JL Collins retired at a more “normal” age than Mr. Money Mustache and started his blog as a way to pass on his financial/life knowledge on to his daughter. , Mr. money Mustache Pete Adeney himself in a series of letters he had written to his teenage daughter money. Go, check out my recommendations page of financial tools I use to save money for college the Cliff. 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