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episode 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
Mindy on BiggerPockets
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Apply to Be a Guest on The Money Show
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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