JL Collins: The Art of Buying Freedom, Not Things!

Join us as JL Collins, the acclaimed author of "The Simple Path to Wealth," dives deep into the philosophy that underpins the Financial Independence Retire Early (FIRE) movement. Unpacking the societal pressures to spend and the allure of materialism, Collins offers an alternative roadmap to true wealth and happiness through smart investing and prioritizing financial freedom over luxury possessions. This video isn’t just about money management; it’s about reshaping your life’s priorities to find genuine satisfaction and independence. Whether you're new to the FIRE movement or seeking deeper insights, JL Collins' wisdom will guide you towards a richer, more fulfilling life beyond the consumerist cycle.

Want to learn more about the FIRE movement and how you can achieve financial independence? Watch the documentary Playing with FIRE today!

Check out the book Playing with FIRE, based on the documentary:

Or listen on Audible:

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*Links above include affiliate commission or referrals. Sometimes I receive compensation from partnering websites, products and services at no cost to you. Thank you for your support! The video is accurate as of the posting date but may not be accurate in the future. DISCLAIMER: I am not a financial adviser. These videos are for educational and entertainment purposes only. I am sharing what I've learned in an effort to inspire you. Please seek professional help when needed.

[wendyorides]

I need to watch this everyday, to counter the daily marketing attacks.

[diane.moore-]

Creating wealth entails establishing positive routines, such as consistently setting aside funds at regular intervals for sound investments. Financial management is a vital subject that many avoid, often leading to future regrets.

[tombkk]

JL has such an unassuming likable style. Never pushing his message just relaying the points to a different lifestyle.

[nynick]

Needed this 20 years ago... Better late than never

[shashankchaudhary]

People don't realise but as a seasoned finance professional I can tell u he is the only few people worth listening to amidst all those garbage investment gurus.

[kevintorrence]

Right up there with freedom is your health. Pay attention to your body. Freedom and good health should be the goal.

[FinancialSelfReliance]

Consumerism is the killer of wealth. Turning income to wealth requires frugal living and disciplined spending.

[tonysilke]

One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $200k of my savings in stocks this year, and I hope I make profits.

[fugu]

I always reinvest my money into stocks or financial funds rather than spending them on stuff i dont need.
While others are spending their money i rather think of it like cultivating my money.

[KennethGLee-wflw]

We used to hunt for food, build our homes, make our things...life was simple..now we need to get educated, waste time at school, and eventually hunt for money.

[imdoc]

There is no material possession more precious than your freedom. I became financially free last year. Now I only work when I need or want to.

[Luben]

The things you own can end up owning you.

[EcomCarl]

It's refreshing to see the Financial Independence community challenging the societal norm of equating spending with happiness. 💸 Investing in freedom and choice through financial independence is truly empowering and offers a more fulfilling path to long-term satisfaction.

[rdtradecraft]

I forget where I heard it, but the following has always stuck with me: The poor spend their money on consumables, save nothing, and will probably retire broke, homeless, and/or cared for by the state. The middle class spends its money on debt, squanders its savings making bankers rich with interest payments, and tends to retire to a vastly downgraded lifestyle, all the while hoping they don't outlive their money. The rich spend their money on things that make them more money, save constantly, and tend to retire young, rich, and envied by the first two groups. Mr. Collins is a living example of the last.

[searchersearcher]

Gave up 1 million $ income for 25 years freedom, no regrets

[GerardoDelValle.]

I retired when I was 27, since then I do what I want. Still make money but doing what I like. Wearing shoes and sneakers 8 years old, not buying a laptop, changing my phone every 4 years, driving my trustful old car, if I ever buy anything it's a fruit tree for 3 bucks. No snacking ..Man Freedom is something!!

[michalbednarek]

Very smart talk and very truth. Buying freedom is top tier achivement in life.

[saz]

I've just finished reading his book, highly recommend!

[GruncleJohn]

Already read his book. Need to read his book every year. Also his video at Google Talks.

[Fanotesemara]

I agree but there is also the question of enjoying things at the appropriate time in your life. Remember, we don’t have a lot of time. I have a rather balanced view of this approach. Get a good education, work reasonably hard, and enjoy the fruit of your labor in this great USA 🇺🇸