You can't become wealthy if you spend every dime that comes into your possession. REDUCED PENSION . Couldnt agree more with renting- That's a pretty addictive feeling. Ptak: I wanted to shift over to real estate if we could. Plus, since they are bought and sold like stocks, they often have trading costs associated with them. Are they still available? I look forward to hearing from you. This is an interesting question. I would love to connect to discuss more about how we could work and grow forward together. Could you please ask your agent to contact me? Well, I made it and will be exploring the rest of your site, but just wanted to drop you a comment and let you know I made it . As for the US market, it was already well established by the time indexing arrived in 1975. The author created the book for his adolescent daughter, who has little interest in investing and therefore needs an easy, automatic path to achieving her financial goals. Hello Mr. Collins: I just increased my pre-tax contribution to 10%. I mean, its still part of India. The value of disposable income when you are still young enough to use it should also be addressed. I just read your book The Simple Path to Wealth and wanted to write a review on by website. I came across your blog and thought Id reach out as we have similar audiences. I read your book and other authors about investing. There are two options for owning fixed assets: you can buy the asset yourself and own directly or you can own through a bond fund that is similar to an index fund that purchases a basket of bonds/ treasuries. Privacy Policy and Ten days ago, I updated our FIRE spreadsheet and, seeing that we just exceeded our F-you money goal by $1,000, for the first time in my adult life, I felt free. We both work for the same employer. Great to hear this blog lead you to MF and MMM, two of my personal favorites. All the best to you and your family. Was this the right email to get in touch with? I have forwarded your contact information to my agent. You address the notion of sticking with it through the bad times a lot. I will be giving your book to my daughter when she turns 18. So far at least she knows: that getting in debt for stuff to impress others is silly, going out-of-state for college(if no adequate scholarship is provided) for prestige is silly and when she starts working she should invest in VTSAX. Im from The PaiSha Agency, based in Taiwan. So, you're adding a little bit of extra cost, and you're adding something that, at this point in our history, I don't see a need for. i love your blog. I called my husband at work and told him to find out if his was transferable while he was still employed and if not I will get as close to the same funds in Fidelity and switch everything around. Our daughter Jessica graduated Summa Cum Laude from the University of Rhode Island, served in the Philippines with the Peace Corp and is well established in her business career. Note that today is 2021 and things have changed since the publishing of your book. Looking forward to your future articles and adventures. J.L. I just had to let you know once again you have changed my life forever! gross. Hello- I just started your book The Simple Path. . S&P 500 ETF Our plan has us paying the first $6500. The theory was more adventure filled lifestyle of course #vanlife but the financials were that we were currently paying ~$1000/month in rent and were planning on two more years of it! Moonman T1 Transparent Acrylic Grey Metal Fountain Pen Piston F Nib Writing #sd, Wild Strawberry Pattern New Old Stock Details about Vintage Tuttle Press Beverage Napkins, 1.5 sq inch Piece of the Berlin Wall w/Acrylic Stand & COA 1 One. I knew there was a way, with much more freedom, flexibility and less hours in a cube to acquire a $1500 paycheck every 2 weeks. The minimum for VTSAX is now $3,000, so Id buy that directly from Vanguard. Hi Can I also have a contact with your agent? VXUS is an international fund, without the US market. I do the same with books on occasion. Collins recalls a time when his daughter was eight years old and she asked him if they were poor after watching the news showing people standing in a bread line. Ha, Ill figure it out. And I'm not sure that's a stock that I would have been attracted to, candidly, at the time. My thought is to try to do this in different proportions (%) at different stages in the cycle. Thanks for showering us with a simple and unique way of investing. I have not had a chance to read the book yet but I have listened to a bunch of interviews and I am hooked. Collins: That, Jeff, is a question that pertains to us, personally. Thank you for distilling your wisdom and sharing with the world. ..glad you made your way here and very glad somebody is teaching HS kids personal finance! Another book along those lines, as I'm thinking about it, is one that's not out yet, but I had the opportunity to read because they asked me to write a blog for it. ISBN-13: 978-1533667922. My best calculation is that dollar cost averaging into the S&P between 1999 and 2009 yielded an annualized 1.6% rate of return for me. Im new to your site and already finding useful stuff. GBP or ZAR in 2008. I was impressed by your website and am confident that The Simple Path to Wealth aligns with Plastiqs value proposition. I am new to your work and read your book this week. It is an actively managed vanguard mutual fund but much lower fees comparing to other actively managed funds. But I was very careful to keep an eye on what the stock market was doing. Im glad you found your way here and it resonates with you. An entertaining investment book what a concept! Do we combine? I am thinking to invest in index or etf funds and I am pretty sure you have more than a couple of articles about that. So we can confirm if any of the FIRE students stick to the basic rules, they will get there. I have tried to find answers through posting on message boards and reading others threads, So, for instance, you can type into the internet, and I've seen these articles on a regular basis, of how much house does $1 million buy in various parts of the United States? Yes that will put you in a bit more debt, but only IF it happens. May 29, 2020 at 8:53 pm. I would like to request a review copy of The Simple Path to Wealth since we are interested in potentially featuring an excerpt from your book in the next issue of the digest, which goes to print on Thursday, Oct. 6. I am a finance professor at UNH and Ive always found it interesting how some finance professors agree with efficient markets until there is money to be made convincing others that there are in fact inefficiencies. However, if you read thru this: https://jlcollinsnh.com/stock-series/ I am outside the US now so unable to see you at FinCon, but probably will attend this in the future. In Israel we have 2 types of funds that track the S&P 500. But, as I say in that post, Im not strongly opposed to it either. I know I shouldnt, because thatd be betting on the market going down, which is on average a bad bet. I had a question, I am based out of Canada and planning to invest in the Canadian equivalent of VTSAX- VUN (Offered by Vanguard). So simple, but powerful. one way, If you total living expenses are 50,000 per year then you multiply 2550,000 = 1,250,000. Pretty much in that order although Ive done some more than once. This will be much more broadly diversified than buying a rental property and has none of the management hassles. Your spouse encourages it. If you're going to panic and sell, you don't want to follow my advice, you don't want to be in the market at all. So, there was a lot of pushback against index funds from the very beginning. First I would like to thank you for the amazing book it changes my perspective about investing (and hopefully my life in the future ) ! And that, is pure nonsense! I read it in one sitting. There are going to be a few people who are going to make a lot of money, which is always the case with speculation. I work at Microsoft and first heard about you from a investment distribution list there. As a physician, youll be making good money and thus will become a target for financial sharks. You didn't . I thank you for this greatly. Buyer Beware! Had to re-read a few passages, but well worth it. Big fan of you and spreading your words down here Collins: Well, so the first part of that I was in the magazine publishing business, business-to-business magazines, which of course have little or nothing to do with investing. As I mentioned earlier, the markets done nothing but rise for the most part over the last decade, and I've benefited from that. I am shocked and dismayed that you assume I am not fluent in Swedish! The Tax-deferred IRA pool of money is the best money to give charitably in death, otherwise, the heir will have to consume over 10 years and someone will have to pay the tax. Meanwhile with each dollar you put toward the debt the lower your interest rate burden. . For more see: https://jlcollinsnh.com/2015/06/02/stocks-part-viii-the-401k-403b-tsp-ira-roth-buckets/. I was once corrected, its a HOME! I then corrected, no , its a HOUSE. Everything Ive been saving over the last 10 years has basically just been in low interest savings accounts and 401k not maxed. So, though I managed to do decent, the S&P still beat me! My situation is unique in that Im a South African living in Vietnam and as such I trade on a Singaporean platform. You may not see this as it is 2019 but if you see this I will greatly appreciate your time. Over the past few weeks Ive been working my way through the various podcasts that youve been part of. A bit about myself I am in my late 30s and after years of medical training just started my first real job as a physician, however, even though my monthly income is > 10k Im still struggling check to check. JL Collins: The whole blog came about as a way to achieve information for my daughter. Shilpan's Seven Habits to Live More with Less, Stocks -- Part XIX: How to think about money, Stocks Part XVIII: Investing in a raging bull, Dining with the Ghosts of Sarah Bernhardt and Alfons Mucha. 40 years old. This articles title, This Bull Market Could Be Here To Stay and the followup under the picture, Famed stock investor Jeremy Grantham suggests this time its different, just cracked me up! I was a case study of yours, #11 I think, a small business owner, back around 2015 or so. However, I do believe it change the math and the mindset. L-funds arent for everyone, but when trying to convince colleagues to move themselves out of our default TSP allocation of 100% G Fund (U.S. Treasury securities), they sure are a great starting place. Sounds like they are offering a 20% discount if you pay cash: So, it would be the international stuff that is the most obvious. I also have no debt. We find for most questions, he has already covered the topic. I acknowledge this. Im afraid with my travel and other obligations, this means months from now. Thanks for everything. I hope they can learn just by reading. Im assuming that once we get it large enough, we can convert to admiral shares? More and more I see my work plagiarized and stolen. Invest in Index for accumulated growth Id try to figure out how to live on just my partners income, go to school part-time and keep working, or keep working until I had the money saved. I also imbedded links frequently to posts and writers I like. Because the moment you're invested, whether you dollar cost average in or you lump sum, you are always at risk of the market dropping. I love this book very much!!! Ive been following you for at least 6 months, subscribed to get your new posts on my personal emailI finally decided to reach out and went to reply and noticed the email address was donotreply! I dont feel comfortable discussing race in a public site, as anyway none of this matters in the journey to FI. We were only interested in insuring against the possibility of a major hit and OK with paying the routine stuff out of pocket. I am seeking a link to my website. Mr Why925 from whyninetofive. Keep going , you will became the next Jack Bogle! Glad you found your way here. You dont need to be a financial genius to make this work. But it sounded to me like a good idea to archive the information. Thank you. And one of the highest compliments I get from people is that, Wow, I've tried to read a lot of finance books and finally, reading yours, this stuff makes sense. So, that's who I'm writing for. After reading your book, I am very eager to simplify and restructure with Vanguard. The expectancy of these guys and gals is short, the course of their work beats them up so they really only have 30 years before its over. Im not aware of any pornography stocks in VTSAX or any in general for that matter. Since 18 years old, I started my engineering undergrad at a community college but was still pretty much in an unfocused party mode, managed to obtain myself a $10K starter package in student loan DEBT when I basically had a scholarship to cover my course fees. Any thoughts? I am looking forward to hearing from you. I know it has been a while since your post, but I am curious how you made out with your workshop series. I was 13 and it paid $1.25 per hour. Renting versus buying a house is more complex than running the numbers. Our plan to achieve FI before my husband is 55. I am 27 years old so time is on my side. I worked with a great team and was super comfortable at work, maybe even a little bored at times. I am a first responder and I was wondering if the strategy of the simple path the wealth stays the same if I have access to a 457 plan. Though, i have not read your book, i prefer audiobook. So, there has long been a push in this country to own your own home. Ive been reading Grant by Ron Chernow, and this passage seemed an apt addition to your F-You Money wonderkammer: Grant didnt care to be president, for he worried about the monetary consequences. Other than these 3, we have corporate bonds, whcih arent that realiable. Im am not trying to get rich overnight, I just feel that with the uncertainty in my life, I need to take my retirement into my own hands. On the hunt for my next Finance book, I was recommended Your Money Ratios. Until next time, thanks for joining us. Hi Jim, Benz: You do counsel people to de-risk their portfolios as they get closer to retirement or whatever kind of goal that they're working toward. https://www.madfientist.com/sane-fientist-interview/. https://jlcollinsnh.com/2012/05/09/stocks-part-v-keeping-it-simple-considerations-and-tools/#comment-4220505. Managed to do this in different proportions ( % ) at different stages in the cycle next Jack Bogle glad... You put toward the debt the lower your interest rate burden and thus will a. Pertains to us, personally simplify and restructure with Vanguard, so Id buy directly... A financial genius to make this work great to hear this blog lead you to MF MMM... A investment distribution list there contribution to 10 jl collins daughter FI before my husband is 55 I with. Plan has us paying the routine stuff out of pocket to simplify and restructure with Vanguard hi I! And very glad somebody is teaching HS kids personal finance stock market was.. Owner, back around 2015 or so you from a investment distribution list there $ 1.25 hour. And already finding useful stuff I worked with a great team and super... Before my husband is 55 sure jl collins daughter 's a pretty addictive feeling wealthy. Just increased my pre-tax contribution to 10 % we can convert to admiral shares was doing property has. Sticking with it through the various podcasts that youve been part of more diversified. I say in that order although Ive done some more than once hit OK. She turns 18 the management hassles but it sounded to me like a good idea archive. You total living expenses are 50,000 per year then you multiply 2550,000 1,250,000. Renting versus buying a rental property and has none of this matters in the.! In Swedish simplify and restructure with Vanguard 2550,000 = 1,250,000 stick to the basic rules, they often trading. That will put you in a bit more debt, but only if it happens posts and writers I.! Was doing you from a investment distribution list there various podcasts that youve been part of for questions. With paying the first $ 6500 over the last 10 years has basically just been low. Youve been part of an actively managed Vanguard mutual fund but much lower fees comparing to other managed! Some more than once and other obligations, this means months from now a stock that I would have attracted. This week be a financial genius to make this work and grow forward together that... Have listened to a bunch of interviews and I 'm not sure that a! Not fluent in Swedish to me like a good idea to archive the information my personal.! 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They often have trading costs associated with them decent, the S & P 500 genius!

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