Today I'm having a conversation with JL Collins, my friend who is the author of "The Simple Path To Wealth". If you don't have yet this book, you are definitely going to want to get a copy. I love it. It's super inspiring - definitely shows you the best way forward if you're looking for a very simple way to invest, to take good care of your financial future. This conversation is a mentor of us going back and forth on Facebook Live and I just thought it would be fun to share this also with you on the podcast. Enjoy...
JL said: "The basic ideas of when most people think about money, they think about what it could buy. Right? They don't think about what it can do. They don't think about how it can be a servant to you - how it can work for you. And that's what I ask people or what I suggest people think about; that it's not just about what money can buy but what money can do for you, the power of putting it to work for you so that it is making money for you. And, at some point, when you have enough of it, this is financial independence. You no longer have to trade your labor for money to meet your expenses...
JL Collins is a financial expert and 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.
He 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 from 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.
Learn more about JL Collins:
Or get his book from Amazon - http://a.co/21otf28
You can also watch his Talk at Google here - https://youtu.be/T71ibcZAX3I