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The Simple Path to Wealth

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JL Talks at Google: The Simple Path to Wealth

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Intro by JL’s Team

In 2018, JL was invited to bring his no-nonsense financial independence wisdom to Google for their series titled “Talks at Google.” In it, JL discusses money and investing, including:

  • how to think about money and investing to build wealth
  • how to avoid debt
  • how to simplify the world of 401(k), 403(b), TSP, IRA and Roth accounts
  • TRFs (Target Retirement Funds), HSAs (Health Savings Accounts) and RMDs (Required Minimum Distributions)

He also talks about what the stock market really is and how it really works, how to invest in a raging bull, or bear, market, and specific investments to implement financial strategies.

This talk has been viewed more 1.5 million times and is Google’s #1 financial-related talk. Check it out below!

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Important Resources

  • Talent Stacker is a resource that I learned about through my work with Jonathan and Brad at ChooseFI, and first heard about Salesforce as a career option in an episode where they featured Bradley Rice on the Podcast. In that episode, Bradley shared how he reached FI quickly thanks to his huge paychecks and discipline in keeping his expenses low. Jonathan teamed up with Bradley to build Talent Stacker, and they have helped more than 1,000 students from all walks of life complete the program and land jobs like clockwork, earning double or even triple their old salaries using a Salesforce certification to break into a no-code tech career.
  • Credit Cards are like chain saws. Incredibly useful. Incredibly dangerous. Resolve to pay in full each month and never carry a balance. Do that and they can be great tools. Here are some of the very best for travel hacking, cash back and small business rewards.
  • Empower is a free tool to manage and evaluate your investments. With great visuals you can track your net worth, asset allocation, and portfolio performance, including costs. At a glance you'll see what's working and what you might want to change. Here's my full review.
  • Betterment is my recommendation for hands-off investors who prefer a DIFM (Do It For Me) approach. It is also a great tool for reaching short-term savings goals. Here is my Betterment Review
  • NewRetirement offers cool tools to help guide you in answering the question: Do I have enough money to retire? And getting started is free. Sign up and you will be offered two paths into their retirement planner. I was also on their podcast and you can check that out here:Video version, Podcast version.
  • Tuft & Needle (T&N) helps me sleep at night. They are a very cool company with a great product. Here’s my review of what we are currently sleeping on: Our Walnut Frame and Mint Mattress.
  • Vanguard.com

Filed Under: Money

Comments

  1. Dear JL Collins,

    I am currently reading your book, and I have read half of it so far, if feels more for people living in United states or people in which their income is in dollars.
    Is diversification safer? than just put your wealth on a single provider? or in a single currency?
    Regarding bonds, should we invest on the same currency that we earn our income ?
    What do you think about Reit’s?
    You mainly write about Vanguard, do you recommend other providers ?
    What index funds you recommend in Europe or Asia?

    Thank you

    Reply

  2. Dear JL Collins,

    Thank you for all your content and opinions (I love the Stock series!) on reaching the financial independence. However, the older I am the more I question our debt-based financial system and the future it may bring. Recently I found this YouTube series that highlight some the problems with the system plus presents an interesting perspective with the regards to cheap energy, resource depletion and environment pollution. Putting it all together it’s hard not to think that the development, growth and the lifestyle we’ve observed in the last 100 years must come to an end. I’d be interested to learn your opinion on that, especially with the regards to wealth preservation, retirement and possible collapse of the financial system/currency. The series can be found here: https://www.youtube.com/watch?v=T7up38Jyv0w&list=PLRgTUN1zz_ofJoMx1rB6Z0EA1OwAGDRdR&index=3

    Reply

    • Hi Roger. I feel the same way and most Americans prefer to turn a blind eye on this issue
      They think the US empire will never sink but it’s slowly sinking. When they do open their eyes it will be too late.

      Reply

      • So I wonder what to do.

        On one side, based on the last 100-150 years, the stock market is the best investment but on the other side what will happen if the whole financial system collapses under its own weight (debt, derivate products, all the leverage, etc.) and/or US is not the world leading power anymore?

        Will everything recover and the world index (which I’m invested in) will just change its composition in favour to Chinese companies or will a completely new financial system be introduced?

        Maybe I should cash out my stock and just buy physical gold?

        Mr. Collins, I’d be very grateful for your opinion, as I value very much your insight and perspective. Thank you in advance.

        Reply

  4. I alway send this video to friends when I want to intro them to the fire movement. Thanks JL

    Reply

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