In this episode: VTSAX funds, bonds, cap-weighted funds, finding your ballasts, staying the course, and the simple path to wealth.

This week, we are getting back to the basics! While many of you who have been in the FI community for a while now have definitely heard of JL Collins, those who are new should absolutely be prepared to absorb the wealth of information he provides every time he decides to grace our podcast! Listen along as he and Brad review the basic information that can put you on the simple path to wealth that so many in the FI community have walked! Believe it or not, creating wealth for yourself can be simple!

JL Collins:

Website: jlcollinsnh.com
Book: The Simple Path to Wealth: Your road map to financial independence and a rich, free life
Chautauqua: Get Information About Chautauqua Here!

Timestamps:

1:46 - Introduction
2:40 - Back To Basics, What Is The Simple Path To Wealth
10:15 - Low-Cost Funds And High-Cost Funds
14:56 - Index Funds Are For Lazy People (Just Kidding!)
20:00 - Is It VTSAX Or Nothing?
26:58 - Cap-Weighted Funds
30:53 - Staying The Course
36:32 - Are There Times When Index Funds Aren't A Good Choice?
42:28 - The Highest Likelihood Of Replicable Success
46:38 - Bonds
51:36 - Rising Rates
55:17 - I-Bonds
58:22 - Finding Your Ballasts
64:55 - Conclusion

Resources Mentioned In Today’s Episode:

More Helpful Links and Resources:

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Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence
Keep learning or start a new side hustle with one of our educational courses
Commission-Free Investing with M1 Finance

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411 | The Simple Path to Wealth | JL Collins