Bill & Becky continue their chat with THE JL Collins, author of THE Simple Path to Wealth and the acclaimed "Godfather of FI". We began the last episode with JL Collins playing John Goodman in the "Why you need F-You Money" clip. We start this episode with "A Guided Meditation for When the Stock Market is Dropping". JL helps us answer many questions. What do we do when the stock market drops? What about international diversification? What about dollar cost averaging a lump sum into the market? Tune in! Just like the old EF Hutton commercial, "When JL Collins talks, people listen!" :)
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Resources mentioned on the show:
JL Collins homepage
A Guided Meditations for When the Stock Market is Dropping
The Stock Series
The Simple Path to Wealth: Your Roadmap to Financial Independence and a Rich, Free Life by JL Collins
How I Lost Money in Real Estate Before it was Fashionable: A Cautionary Tale by JL Collins
Pathfinders: Extraordinary Stories of People Like You on the Path to Financial Independence-And How to Join Them by JL Collins to be released October 31, 2023
Dollar Cost Averaging Posts
VTSAX, Vanguard's Total Stock Market Index Fund
VBTLX, Vanguard's Total Bond Market Index Fund
How I Failed My Daughter and a Simple Path to Wealth
Disclaimer: We are not lawyers, financial advisors, accountants or tax experts. Please consult your own professional advisors before making any important decisions. Our content is for entertainment and education purposes only.
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