The Simple Path to Wealth | JL Collins | Talks at Google

Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future. Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them.. well at least my advisor does lol.

I sometimes wonder how successful investors manage to accumulate enormous wealth from their investment endeavours because I am an avid investor. I currently have equity from a recent house sale that exceeds $545K, but I'm not sure what to do with my money next. Is now the right moment to buy stocks, or should I wait for a better opportunity?

"time in the market is more powerful than timing the market"....a good quote

The most important thing that should be on everyone mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the word. This is still a good time to invest in various stocks, Gold, silver and digital currencies.

I swear with his voice he could tell me anything and I would believe him. He's like a big friendly grandpa bear. A rich one.

One of the most intelligent people who doesn't have an agenda. This is the advice he wanted to give his own daughter (whom he wants nothing but the best for in life), and the message simply spread. The reason his message exploded into a world-wide audience is because it is true. He wasn't looking to gain anything out of it for himself, but such things turn out this way.

I learned that the stock market was a rich man's game (yes, grandparents lost it all back then and preached that forever) but I've been around long enough to really taste how great it can be. To be profitable, with inflation at 6.1% These are surely desperate times, but in my opinion, there is no market condition that a good financial advisor cannot navigate, especially those that have existed since the crisis of 2008 and before.

These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise.

Listening to JL Collins is like laying on a bed of huge fluffy pillows. So relaxing, you take in all his great wisdom while in a relaxed state of mind. This was an excellent talk !

Time and time again, I see that the fundamental quality to succeed with money is to be humble. To be who I am and conduct myself with the flaws that I have and stay humble and agile enough to admit when I am wrong and correct the path. As years passes, humble and patient people become my real heroes. May Lord give us the change of heart to practice same virtues as this good man.

The man is a common sense machine. No agenda. Just solid principles.

Moderator: Your in a room of above average intelligent people JL Collins: Perhaps, but not in investing love his inherent sharpness!

Honestly, I'm unsure if investing is a wise move right now. Take note of how frequently things fail. As I still have some time before I retire, I'm still looking for a better strategy to invest my money despite reading charts and predictions from well-known investors from the past and present. In order to generate passive income, I want to build a solid and reliable portfolio. I’ve been sitting on over $745K equity from a home sale and I’m not sure where to go from here, is it a good time to buy or do I wait?

My dad found vanguard in the 80s. Started me off with a tiny investment with them. Now as a 30 something i love them and recommend them to everyone

His book should be required to be read in high schools.

Well that would be impossible to do considering I'm in my late 50s and I'm more interested in investments that could set me up for retirement in my 60s, my goal is at least $2million.

Please don't make the huge mistake I made! Collins mentions never to panic and sell. I did just exactly that in October of 1987. The month before I made my first ever investment in the stock market. I bought a "safe" mutual fund at Merrill Lynch. One month later on "Black Monday" was the largest EVER single-day drop in stock prices. EVER. Including during the Great Depression . Just the month before I had invested $40,000. Overnight that turned into $22,000. I foolishly panicked and pulled it out. This is sickening today to realize that if I never added another penny that would be around $950,000 today. HUGE MISTAKE. Exactly what he said TIME IN THE MARKET is the secret to wealth...

JL Collins was a pivotal mentor in my life, through his blog, for my wife and I reaching Financial Independence.

His method is the best way to invest and his book and blog are the best information on investing I've come across in my life.

"When you buy a house, you are not making an investment. You are making a lifestyle decision" - JL Collins