174 : The Simple Path to Unlocking Financial Independence with JL Collins

In this episode: financial independence, power of FU money, navigating job insecurity, importance of saving, transitioning to retirement with JL Collins 

Episode Summary
Adam welcomes JL Collins, a renowned author & speaker in the Financial Independence community. They discuss principles of FI, significance of saving & investing, and the transformative power of FU money. JL shares his personal journey & insights on how to navigate job insecurities & make bold decisions in life.

Guest Bio
JL Collins is an author & speaker best known for his book "The Simple Path to Wealth," which has become a cornerstone in the FI community. JL's focus on practical advice & clear strategies has helped countless individuals take control of their financial futures.

Resources & Books Mentioned

• "The Simple Path to Wealth" by JL Collins
• "Pathfinders" by JL Collins
• "How I Lost Money in Real Estate Before It Was Fashionable" by JL Collins
• Pete/Mr. Money Mustache
• Carl Jensen/1500days

Guest Contact Information

• Blog: https://jlcollinsnh.com/
• Guided meditation: https://www.youtube.com/watch?v=OOGU94eL07E

Key Takeaways

• FI is not an on-off switch; every step taken towards saving & investing strengthens your financial position.
• FU money is essential for providing courage to make bold decisions & navigate uncertain job situations.
• The power of compounding can lead to significant wealth over time, often exceeding initial expectations.
• It’s crucial to understand your “enough” & build a life that prioritizes both financial security & personal fulfillment.
• The journey to FI is as important as the destination; enjoy the process & learn along the way.

PS: Introducing the…

🔥 FIRE Starter Group Coaching Program

Connect with your big vision for the next chapter of your life and start living it in 10 weeks or less using envisioning and the power of your mind.

Interested? Let's chat.​

🔥 WHO I'm creating this for:

I'm creating this for YOU if you are feeling stuck & frustrated after saving and investing for years to create "financial freedom" only to find yourself:

1. Unclear or unsure about what you want
2. Overwhelmed by all the options created by financial freedom
3. Not sure how to move forward to start living the next chapter of your life

🔥 WHAT we’ll do together over 10 weeks:

In this small group coaching program, you will:

1. Finally answer “What do I actually want?”
2. Come up with a BIG vision for your next chapter of life
3. Learn what envisioning is and the brain science that makes it work
4. Be challenged and inspired by thoughtful participants creating their own BIG vision
5. Learn how to use your mind to start living your new vision right away.

🔥 My promise to you:

At the end of 8 weeks, you will be able to point to specific and