Julien and Kiersten Saunders are the authors of the bestselling book, Cashing Out: Win The Wealth Game By Walking Away. The Cashing Out podcast is a series of conversations with experts, authors and friends on topics covered in the book.

In this podcast episode, they’re joined by JL Collins, author of The Simple Path the Wealth, How I Lost Money in Real Estate Before It Was Fashionable and the forthcoming book; Pathfinders: Extraordinary Stories of People Like You on the Quest for Financial Independence–and How to Join Them

JL is well known and regarded in the Financial Independence community as an expert on index funds. So in this episode, we talk about his journey to embracing this approach, the history of index fund investing and our shared appreciate for Jack Bogle, the founder of the Vanguard Group and creator of index funds back in 1975. Lastly, we talk about the role community has played in JLs life, his annual event [Chautauqua], marriage and charitable giving.

Can’t-miss moments
00:00:10 — 1: JL’s second career 🙂
00:04:24 — 2: What’s changed since the early days of investing versus today
00:08:51 — 3: The psychological allure of individual stock picking
00:11:15 — 4: How index funds are self-cleansing
00:13:20 — 5: The hardest part of investing
00:14:34 — 6: Arguing about money with people who don’t want to listen
00:16:09 — 7: People are drawn to the loudest voices in the market
00:19:09 — 8: Why we prefer financial role models instead of financial experts
00:22:14 — 9: Jack Bogle, the Oracle
00:23:45 — 10: Will indexing ever be extinguished?
00:25:10 — 11: The gift Jack Bogle gave individual investors
00:27:01 — 12: Community is the secret sauce of consistent investing
00:33:04 — 13: Incorporating giving into overall wealth building
00:35:59 — 14: Why giving money is selfishly gratifying
00:37:38 — 15: Adopt a native elder
00:39:25 — 16: Is JL’s wife, Jane, as passionate about index funds as he is?
00:40:16 — 17: Did JL and his wife talk about money before they were married?
00:42:10 — 18: Why it’s important for couples to have a strong financial plan
00:44:51 — 19: The challenge with individual stocks and estate planning
00:46:32 — 20: Cultural differences between Americans and non-Americans financial views

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-Kindle: https://amzn.to/3Jxjl66

-Barnes & Noble: https://richandregular.com/cashingoutb&n
-Target: https://richandregular.com/cashingouttarget

– For bulk discount rates, click here: https://richandregular.com/cashingoutbulkdiscount

Footage and locations seen in this series include:

-Barnes & Noble Metairie
-Audobon Park
-JamNola
-The Voodoo Museum
-Jackson Square
-Baldwin & Company Bookstore
-The Vintage coffee shop
-Turkey & The Wolf restaurant
-Drago’s Metairie
-Canopy, by Hilton
-Daquiri Run on 61
-Tava Indian Street Food
-St. Louis Cemetery

To learn more about Julien and Kiersten Saunders, other projects, speaking, events and more, visit www.richandregular.com

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