JL Collins

Growing up without role models makes it difficult to identify useful and trustworthy sources of inspiration. This applies to an entire world of examples from virtue to rock climbing. Growing up in a family where things like temperance and courage are not part of the routine makes it difficult to learn what it takes to be temperate and courageous. Children learn by modeling and where a model is lacking, the learning curve increases. Anyone can learn to be a rock climber, but it’s a lot easier when climbing is part of the family dynamic. Similarly, anyone can learn to be virtuous, it’s just easier when there is a behavior to model.

Those of us who grew up in families treading water financially, struggle to figure out what to do if/when we get full-time jobs with a stable income. There is a reason we see so many people come into wealth only to turn around and lose it as fast as they acquired it. Easy come, easy go.

The waters of finance are murky and difficult to navigate, even more so than things like climbing and virtue. Learning to climb doesn’t usually come with the risk of getting conned out of your life savings. When it comes to money, there are so many risks and pitfalls. There are scams and cons, hidden fees and hidden agendas. It seems like everyone who offers advice about money is not only out for a buck, they are out for your bucks.

In short, it’s hard to know who to trust and what to do when it comes to money. Do dirtbags have a chance to retire on a livable wage? Do any of us?

Recently, we were very fortunate to be able to speak with someone who doesn’t claim to have all the answers, but was willing to listen to and give feedback to all of our financial questions.

JL Collins’ book The Simple Path to Wealth, is the only book on financial advice I’d be willing to recommend to anyone. Especially dirtbags. With my limited knowledge of investing, it is the only book that simplifies the details and cuts through the BS enough that even an ignorant like myself has the ability to step forward into the world of investment with some level of confidence.

JL Collins is the model that those of us without the luxury of luxury need. He originally wrote The Simple Path to Wealth as a ‘how to’ manual for his daughter. He published the details of this path on his website. All of those details are still there and available for free. The book organizes the path in a very clear and concise way, but if you don’t want to buy the book you don’t need to, like I said it’s all available for free.

We were able to pick JL’s brain on what it would take for a dirtbag, or anyone else for that matter to make it to a point in which they have “F-You Money”. His advice and his book really do lay out a simple path to wealth.

If you are interested in checking The Simple Path to Wealth, you can find it HERE.

You can find JL Collins site HERE.

During the interview we used a fun and useful reinvestment calculator which you can find HERE.

This really was one of my favorite podcast interviews to date, JL is a fascinating and encouraging guest. I hope you’ll find him to be as pleasurable and enjoyable as we did.

HERE is a link to our talk. You can also find it on iTunes, Spotify, and anywhere else where podcasts are streamed.

As always, thank you for listening, and a big thank you to JL Collins for joining us on this months episode of theDIHEDRAL Podcast.