Episode 346: Index Funds, How To Build Wealth & Financial Independence Wisdom With “The Godfather of FI,” JL Collins

<p><span style="font-weight: 400;">JL Collins is known as “The Godfather of FI,” and for a good reason: He continues to be a pioneer in the FIRE (Financial Independence Retire Early) Movement and a thought-leader in the Financial Independence (FI) space. </span></p> <p><span style="font-weight: 400;">Today, he joins us to discuss</span> <span style="font-weight: 400;">the origin story of his groundbreaking blog, the concept behind his new book,</span> <em><span style="font-weight: 400;">Pathfinders,</span></em> <span style="font-weight: 400;">shiny investing object syndrome, and more.</span></p> <p><span style="font-weight: 400;">In this episode you’ll also learn more about:</span></p> <ul> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Defining what “the simple path to wealth” means </span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Breaking down what index funds are, the difference between active and passive investing, and what “self cleansing” means</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">How chasing performance is the best way to underperform in investing </span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">The 4% rule, the importance of understanding the cost of your comfortable lifestyle, purchasing things from a position of strength, and more</span></li> </ul> <div class="c-message_kit__gutter"> <div class="c-message_kit__gutter__right" data-qa= "message_content"> <div class= "c-message_kit__blocks c-message_kit__blocks--rich_text"> <div class= "c-message__message_blocks c-message__message_blocks--rich_text"> <div class="p-block_kit_renderer" data-qa="block-kit-renderer"> <div class= "p-block_kit_renderer__block_wrapper p-block_kit_renderer__block_wrapper--first">  </div> </div> </div> </div> </div> </div> <div class="c-message_kit__gutter"> <div class="c-message_kit__gutter__right" data-qa= "message_content"> <div class= "c-message_kit__blocks c-mes