Passive Income Expert: Buying A House Makes You Poorer Than Renting! Crypto Isn't A Smart Investment
The Diary Of A CEO with Steven Bartlett
Intro
0:00,0
10 min
0:00
2:00
4:00
0:00
1:00:00
2:00:00
1x
Serial investor JL Collins reveals why renting is smarter than buying, the biggest lies about investing, how tax and debt destroy wealth, and how small savings will TRANSFORM your life!
JL Collins is a financial educator best known for his book 'The Simple Path to Wealth', which has sold millions of copies worldwide. He's also the author of the JL Collins blog, including the renowned 'Stock Series', and has been investing for over 4 decades.
He explains:
◼️ How "F-You Money" changes every decision you make ◼️ Why mortgages lock up opportunity and reduce long-term freedom ◼️ Why index funds outperform almost everyone over a lifetime ◼️ Why working harder doesn't stop being broke ◼️ Why financial independence is about control, not consumption
Follow JL Collins
Resources
The Diary Of A CEO
- Join DOAC circle
- Buy The Diary Of A CEO book
- The 1% Diary - limited time only
- The Diary Of A CEO Conversation Cards (Second Edition)
- Get email updates
- Follow Steven
Featured Artist
Raw Description
<p class="text-node">Serial investor JL COLLINS reveals why renting is smarter than buying, the biggest lies about investing, how tax and debt destroy wealth, and how small savings will TRANSFORM your life! </p><p class="text-node"></p><p class="text-node">JL Collins is a financial educator best known for his book ‘The Simple Path to Wealth’, which has sold millions of copies worldwide. He’s also the author of the JL Collins blog, including the renowned ‘Stock Series’, and has been investing for over 4 decades.</p><p class="text-node"></p><p class="text-node">He explains: </p><p class="text-node">◼️How “F-You Money” changes every decision you make</p><p class="text-node">◼️Why mortgages lock up opportunity and reduce long-term freedom</p><p class="text-node">◼️Why index funds outperform almost everyone over a lifetime</p><p class="text-node">◼️Why working harder doesn’t stop being broke</p><p class="text-node">◼️Why financial independence is about control, not consumption</p><p class="text-node"></p><p class="text-node"><br>00:00 Intro </p><p class="text-node">03:27 Common Misconceptions About Money </p><p class="text-node">05:10 Financial Freedom </p><p class="text-node">06:15 Successful People Often Have Trauma </p><p class="text-node">13:11 Mental Benefits of Financial Security </p><p class="text-node">14:22 What Is F.U. Money? </p><p class="text-node">15:59 Buying a House Isn’t Always a Good Financial Idea </p><p class="text-node">20:46 The Psychological Impact of Buying a House </p><p class="text-node">22:00 Why Younger Generations Could Benefit From Flexible Living </p><p class="text-node">25:32 The Easiest Path to Wealth </p><p class="text-node">26:49 What’s Stopping You From Becoming Financially Independent </p><p class="text-node">29:32 How Spending Habits Reflect Self-Esteem </p><p class="text-node">31:30 Advice for Getting Out of Debt </p><p class="text-node">36:03 Should I Invest in Bitcoin? </p><p class="text-node">38:43 Should I Rush to Pay Off My Mortgage? </p><p class="text-node">40:50 Interest Rates Explained </p><p class="text-node">41:28 How Mortgages Work </p><p class="text-node">42:36 How to Get a Good Interest Rate on Your Mortgage </p><p class="text-node">46:37 Is It Safe to Invest in Stocks in the AI Era? </p><p class="text-node">49:17 Emotional Impact of Investing Without Enough Money </p><p class="text-node">52:33 Do Men Take More Investment Risks Than Women? </p><p class="text-node">54:09 Ads </p><p class="text-node">55:13 The Magic of Compounding Interest </p><p class="text-node">1:02:38 What's the Point of Being Frugal If I Want to Enjoy Life? </p><p class="text-node">1:03:35 Young People Don’t Care About Their Future Selves </p><p class="text-node">1:07:08 Why You Should Invest for Your Children </p><p class="text-node">1:10:28 How Much of My Income Should I Be Saving? </p><p class="text-node">1:12:54 Deferring Taxes With Retirement Savings Plans </p><p class="text-node">1:20:04 Index Funds vs Individual Stocks </p><p class="text-node">1:27:39 The Beer Analogy (Stocks)</p><p class="text-node">1:33:40 Don’t Sell When the Market Drops </p><p class="text-node">1:35:09 Is Investing Just Gambling? </p><p class="text-node">1:36:06 Are Financial Courses a Scam? </p><p class="text-node">1:37:27 Ads </p><p class="text-node">1:39:26 Do I Need a Financial Advisor? </p><p class="text-node">1:42:13 What Does Your Portfolio Look Like? </p><p class="text-node">1:43:19 What Are Bonds? </p><p class="text-node">1:45:23 Asking ChatGPT the Ideal Path to Wealth </p><p class="text-node">1:46:26 How Do I Earn More? </p><p class="text-node">1:47:14 Why Failure Is Necessary for Growth </p><p class="text-node">1:49:33 You Can Have a Small Income and Still Be Financially Free </p><p class="text-node">1:59:53 What's Your Biggest Regret? </p><p class="text-node"></p><p class="text-node">Follow JL Collins: </p><p class="text-node">X - <a class="link" href="https://bit.ly/4jy2cfp" target="_blank" rel="noopener noreferrer">https://bit.ly/4jy2cfp</a> </p><p class="text-node">Instagram - <a class="link" href="https://bit.ly/49binMk" target="_blank" rel="noopener noreferrer">https://bit.ly/49binMk</a> <br></p><p class="text-node">You can purchase JL’s book ‘The Simple Path to Wealth: Your road map to financial independence and a rich, free life’, here: <a class="link" href="https://amzn.to/4aQvBPV" target="_blank" rel="noopener noreferrer">https://amzn.to/4aQvBPV</a> </p><p class="text-node"></p><p class="text-node">The Diary Of A CEO:</p><p class="text-node">◼️Join DOAC circle here - <a class="link" href="https://doaccircle.com/" target="_blank" rel="noopener noreferrer">https://doaccircle.com/</a> </p><p class="text-node">◼️Buy The Diary Of A CEO book here - <a class="link" href="https://smarturl.it/DOACbook" target="_blank" rel="noopener noreferrer">https://smarturl.it/DOACbook</a> </p><p class="text-node">◼️The 1% Diary is back - limited time only: <a class="link" href="https://bit.ly/3YFbJbt" target="_blank" rel="noopener noreferrer">https://bit.ly/3YFbJbt</a> </p><p class="text-node">◼️The Diary Of A CEO Conversation Cards (Second Edition): <a class="link" href="https://g2ul0.app.link/f31dsUttKKb" target="_blank" rel="noopener noreferrer">https://g2ul0.app.link/f31dsUttKKb</a> </p><p class="text-node">◼️Get email updates - <a class="link" href="https://bit.ly/diary-of-a-ceo-yt" target="_blank" rel="noopener noreferrer">https://bit.ly/diary-of-a-ceo-yt</a> </p><p class="text-node">◼️Follow Steven - <a class="link" href="https://g2ul0.app.link/gnGqL4IsKKb" target="_blank" rel="noopener noreferrer">https://g2ul0.app.link/gnGqL4IsKKb</a> <br><br>Lucas Jones (poet and artist): <a class="link" href="https://www.instagram.com/lucassjoness/?hl=en">https://www.instagram.com/lucassjoness/?hl=en</a><br></p><p class="text-node">Sponsors:</p><p class="text-node">Rubrik - To learn more, head to <a class="link" href="https://rubrik.com" target="_blank" rel="noopener noreferrer">https://rubrik.com</a> </p><p class="text-node">Stan: NO PURCHASE NECESSARY. VOID WHERE PROHIBITED. For Official Rules, visit <a class="link" href="https://daretodream.stan.store" target="_blank" rel="noopener noreferrer">https://DaretoDream.stan.store</a> </p>
Chapters (1/42)
Show Notes
Serial investor JL Collins reveals why renting is smarter than buying, the biggest lies about investing, how tax and debt destroy wealth, and how small savings will TRANSFORM your life!
JL Collins is a financial educator best known for his book 'The Simple Path to Wealth', which has sold millions of copies worldwide. He's also the author of the JL Collins blog, including the renowned 'Stock Series', and has been investing for over 4 decades.
He explains:
◼️ How "F-You Money" changes every decision you make ◼️ Why mortgages lock up opportunity and reduce long-term freedom ◼️ Why index funds outperform almost everyone over a lifetime ◼️ Why working harder doesn't stop being broke ◼️ Why financial independence is about control, not consumption
Follow JL Collins
Resources
The Diary Of A CEO
- Join DOAC circle
- Buy The Diary Of A CEO book
- The 1% Diary - limited time only
- The Diary Of A CEO Conversation Cards (Second Edition)
- Get email updates
- Follow Steven
Featured Artist
Raw Description
<p class="text-node">Serial investor JL COLLINS reveals why renting is smarter than buying, the biggest lies about investing, how tax and debt destroy wealth, and how small savings will TRANSFORM your life! </p><p class="text-node"></p><p class="text-node">JL Collins is a financial educator best known for his book ‘The Simple Path to Wealth’, which has sold millions of copies worldwide. He’s also the author of the JL Collins blog, including the renowned ‘Stock Series’, and has been investing for over 4 decades.</p><p class="text-node"></p><p class="text-node">He explains: </p><p class="text-node">◼️How “F-You Money” changes every decision you make</p><p class="text-node">◼️Why mortgages lock up opportunity and reduce long-term freedom</p><p class="text-node">◼️Why index funds outperform almost everyone over a lifetime</p><p class="text-node">◼️Why working harder doesn’t stop being broke</p><p class="text-node">◼️Why financial independence is about control, not consumption</p><p class="text-node"></p><p class="text-node"><br>00:00 Intro </p><p class="text-node">03:27 Common Misconceptions About Money </p><p class="text-node">05:10 Financial Freedom </p><p class="text-node">06:15 Successful People Often Have Trauma </p><p class="text-node">13:11 Mental Benefits of Financial Security </p><p class="text-node">14:22 What Is F.U. Money? </p><p class="text-node">15:59 Buying a House Isn’t Always a Good Financial Idea </p><p class="text-node">20:46 The Psychological Impact of Buying a House </p><p class="text-node">22:00 Why Younger Generations Could Benefit From Flexible Living </p><p class="text-node">25:32 The Easiest Path to Wealth </p><p class="text-node">26:49 What’s Stopping You From Becoming Financially Independent </p><p class="text-node">29:32 How Spending Habits Reflect Self-Esteem </p><p class="text-node">31:30 Advice for Getting Out of Debt </p><p class="text-node">36:03 Should I Invest in Bitcoin? </p><p class="text-node">38:43 Should I Rush to Pay Off My Mortgage? </p><p class="text-node">40:50 Interest Rates Explained </p><p class="text-node">41:28 How Mortgages Work </p><p class="text-node">42:36 How to Get a Good Interest Rate on Your Mortgage </p><p class="text-node">46:37 Is It Safe to Invest in Stocks in the AI Era? </p><p class="text-node">49:17 Emotional Impact of Investing Without Enough Money </p><p class="text-node">52:33 Do Men Take More Investment Risks Than Women? </p><p class="text-node">54:09 Ads </p><p class="text-node">55:13 The Magic of Compounding Interest </p><p class="text-node">1:02:38 What's the Point of Being Frugal If I Want to Enjoy Life? </p><p class="text-node">1:03:35 Young People Don’t Care About Their Future Selves </p><p class="text-node">1:07:08 Why You Should Invest for Your Children </p><p class="text-node">1:10:28 How Much of My Income Should I Be Saving? </p><p class="text-node">1:12:54 Deferring Taxes With Retirement Savings Plans </p><p class="text-node">1:20:04 Index Funds vs Individual Stocks </p><p class="text-node">1:27:39 The Beer Analogy (Stocks)</p><p class="text-node">1:33:40 Don’t Sell When the Market Drops </p><p class="text-node">1:35:09 Is Investing Just Gambling? </p><p class="text-node">1:36:06 Are Financial Courses a Scam? </p><p class="text-node">1:37:27 Ads </p><p class="text-node">1:39:26 Do I Need a Financial Advisor? </p><p class="text-node">1:42:13 What Does Your Portfolio Look Like? </p><p class="text-node">1:43:19 What Are Bonds? </p><p class="text-node">1:45:23 Asking ChatGPT the Ideal Path to Wealth </p><p class="text-node">1:46:26 How Do I Earn More? </p><p class="text-node">1:47:14 Why Failure Is Necessary for Growth </p><p class="text-node">1:49:33 You Can Have a Small Income and Still Be Financially Free </p><p class="text-node">1:59:53 What's Your Biggest Regret? </p><p class="text-node"></p><p class="text-node">Follow JL Collins: </p><p class="text-node">X - <a class="link" href="https://bit.ly/4jy2cfp" target="_blank" rel="noopener noreferrer">https://bit.ly/4jy2cfp</a> </p><p class="text-node">Instagram - <a class="link" href="https://bit.ly/49binMk" target="_blank" rel="noopener noreferrer">https://bit.ly/49binMk</a> <br></p><p class="text-node">You can purchase JL’s book ‘The Simple Path to Wealth: Your road map to financial independence and a rich, free life’, here: <a class="link" href="https://amzn.to/4aQvBPV" target="_blank" rel="noopener noreferrer">https://amzn.to/4aQvBPV</a> </p><p class="text-node"></p><p class="text-node">The Diary Of A CEO:</p><p class="text-node">◼️Join DOAC circle here - <a class="link" href="https://doaccircle.com/" target="_blank" rel="noopener noreferrer">https://doaccircle.com/</a> </p><p class="text-node">◼️Buy The Diary Of A CEO book here - <a class="link" href="https://smarturl.it/DOACbook" target="_blank" rel="noopener noreferrer">https://smarturl.it/DOACbook</a> </p><p class="text-node">◼️The 1% Diary is back - limited time only: <a class="link" href="https://bit.ly/3YFbJbt" target="_blank" rel="noopener noreferrer">https://bit.ly/3YFbJbt</a> </p><p class="text-node">◼️The Diary Of A CEO Conversation Cards (Second Edition): <a class="link" href="https://g2ul0.app.link/f31dsUttKKb" target="_blank" rel="noopener noreferrer">https://g2ul0.app.link/f31dsUttKKb</a> </p><p class="text-node">◼️Get email updates - <a class="link" href="https://bit.ly/diary-of-a-ceo-yt" target="_blank" rel="noopener noreferrer">https://bit.ly/diary-of-a-ceo-yt</a> </p><p class="text-node">◼️Follow Steven - <a class="link" href="https://g2ul0.app.link/gnGqL4IsKKb" target="_blank" rel="noopener noreferrer">https://g2ul0.app.link/gnGqL4IsKKb</a> <br><br>Lucas Jones (poet and artist): <a class="link" href="https://www.instagram.com/lucassjoness/?hl=en">https://www.instagram.com/lucassjoness/?hl=en</a><br></p><p class="text-node">Sponsors:</p><p class="text-node">Rubrik - To learn more, head to <a class="link" href="https://rubrik.com" target="_blank" rel="noopener noreferrer">https://rubrik.com</a> </p><p class="text-node">Stan: NO PURCHASE NECESSARY. VOID WHERE PROHIBITED. For Official Rules, visit <a class="link" href="https://daretodream.stan.store" target="_blank" rel="noopener noreferrer">https://DaretoDream.stan.store</a> </p>