As you explore the FIRE movement, you will quickly learn that investing is a key component of financial independence. You might be thinking that now is the right time to invest. After all, there’s a good chance you’ve heard more than a little talk lately about “buying dips” and taking advantage of the recent market downturn. But how do you get started when it comes to FIRE investing?
I sat down with JL Collins, the writer at www.jlcollinsnh.com and author of The Simple Path to Wealth, to learn more. There’s a reason MarketWatch calls his book the #1 book to read if you want to retire early. His simplified investing wisdom has helped thousands of readers in their pursuit of wealth and financial independence.
During our talk, he shared his own investing history. He also breaks down index fund investing and explains how to know which account to fund first. JL also offers an overview of how to get started investing for financial independence.
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JL Collin's Book, The Simple Path to Wealth: www.marriagekidsandmoney.com/s... (affiliate link)
CHAPTERS
0:00 - Introduction to JL Collins
1:40 - When JL Collins decided to pursue financial independence
5:21 - Why he transitioned from single stocks to index funds
7:00 - Why are index funds a better investment
9:00 - Advantages of Index Funds
11:27 - Why is Vanguard the best place to invest
15:34 - How to achieve financial independence with index funds
18:25 - How to keep portfolio diversification simple
20:48 - How a 30-year old can retire early
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