486: JL Collins: You Don’t Need to Be Rich to Reach Financial Independence

JL Collins is one of the most respected authors in the financial independence community. His book, The Simple Path to Wealth, became the FIRE movement bible, giving clear, concise, easy-to-follow, and often unbelievably simple advice on achieving financial independence and retiring early. One of the most striking lessons from the book? You DON’T need to be rich to retire early or build wealth. Whether you make $40K or $400K per year, you can start building your financial freedom TODAY.

Since its publication, The Simple Path to Wealth has inspired millions of people to find financial freedom, and many who have achieved financial independence or are well on their way have been in contact with JL. In his new book “Pathfinders: Extraordinary Stories of People Like You on the Quest for Financial Independence?And How to Join Them,” JL shares stories of the rich, poor, and even bankrupt readers who were able to turn their lives around and find financial freedom, no matter their circumstance.

So, if you’ve been telling yourself that you CAN’T retire early because of a low paycheck, dire financial situation, or expensive lifestyle, think again. In this episode, JL will show you EXACTLY why YOU can be rich IF you follow some simple steps on the path to financial independence!

In This Episode We Cover

The simple, repeatable path to wealth that ANYONE can follow to become rich

How to achieve your huge retirement goals even when starting from zero

Why financial independence is NOT just for the rich and already wealthy

The lifestyle “trap” that will stop you from ever achieving FIRE

The problem with the 4% rule and why you CANNOT trust it for a happy retirement

How to build wealth when everything (and we mean EVERYTHING) goes wrong

And So Much More!

Links from the Show

BiggerPockets Money Facebook Group

Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums

Finance Review Guest Onboarding

Join BiggerPockets for FREE

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Podcast Talent Search!

Money Moment

Hear Our Past Episodes with JL

Episode 20

Episode 116

Episode 285

Learn More from JL

How Has The 4% Rule Held Up Since The Tech Bubble And The 2008 Financial Crisis?

Click here to check the full show notes: https://www.biggerpockets.com/blog/money-486

 

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