Your book has been an absolute pleasure to read thus far. I love audio books, is your book available in audio or are there any plans for that? It was so good I bought three paperback copies for my three daughters (24, 22, 19). Her looks, her brains, her charm (she takes after her mother) and her behavior. Sir, My name is MSG Reggie Kalous and am currently deployed. I want to save well, support a company with integrity, and then leave it alone until retirement. Stocks Part XXI: Investing with Vanguard for Europeans, Case Study #7: What it looks like when everything financial goes wrong, 1st Annual Louis Rukeyser Memorial Market Prediction Contest 2013 results, and my forecast for 2014, Closing up for the Holidays, see you in 2014, Case Study 6: Helping an ill and elderly parent, Stocks -- Part XX: Early Retirement Withdrawal Strategies and Roth Conversion Ladders from a Mad Fientist, Death, Taxes, Estate Plans, Probate and Prob8, Case Study #5: Zero to 2.6 million in 25 years. But I tried too hard. My name is Laura, I head Marketing Partnerships at Plastiq. And a key piece of advice that you've given again and again is that people should start out by putting as much as they can into a total stock market index fund. If I retire at 60 from my present job this is the result. I listened to your Talks at Google podcast and Im around 3 quarters through your book at the moment. Thanks for the kind words and for passing my book along. Then I found the bogglehead forum and learned about index funds. We are a literary agency in Japan and have got a Japanese publisher interested in your book, THE SIMPLE PATH TO WEALTH(1st edition). We sell different types of products and services to both investment professionals and individual investors. Mrs. Atkins also has as her guest Miss Sadie Coleman, of Spalnville. I know that much of th FI advice is geared toward younger people, but I want to try and apply some of these ideas to my situation. So, instead, I wrote a summary post covering costs, efficient frontier and why 100% stocks, and pointed the readers to your stock series for elaborate study. I looked into dividend growth investing, but a 50+ stock portfolio was a full time job. Thank you so much for writing this book. = $1255 = 19.73%. VTI is the ETF version of VTSAX, the fund I recommend. Thanks for writing and sharing these ideas. Many of these folks, and Jeff and I have interviewed several of them on this podcast, they focus on passive income, generating passive income, especially from property ownership to help fund their living expenses. David B. I have a financial question related to a health issue.where would it make sense to post it? Id really appreciate it if youd let me include you in this project. 10:04-13:46 The 4% rule. Outside the comments of people who are clearly the ones you recommend not invest in the stock market, lay an upset reader saying dont buy this book because the same content is on his blog. Thank you so much. Its simply a matter of time. all the way from South Africa, Jim! Because if I'm wrong, I don't want it to move the needle too much. Let me check out your site and Ill PM you. And if you have a property manager, you're going to have to manage the manager. I am a college professor and I want to give it to all my advisees. Thanks! Perhaps you could ask them for a bulk discount? PERSONAL EXPESES: Food, DEBT payments and not much else. I would definitely be interested to hear his perspective a year into the crisis. If you do that everything will work out and you will be happier. Ive learned enough to convince Ms. Mountaineer how simple it is, and it really opened her eyes when I showed her a spreadsheet of what the expense ratio next to the nonsense investments in her 401k really meant (since transferred to a Van. Thank you! I earn 35,700 yearly and I love to save. Pretty much all mention your stock series and I cant get enough. The first is: is buying stocks on sale nonsense? Had the market turned around and plunged again, then I would have adjusted that withdrawal rate in a heartbeat. Ive also started my own side hustle thats a personal finance workshop. EXPESES: 90% of living expenses are pretty much covered through the business Van payment ("Mortgage"), vehicle insurance, health insurance, businesses insurances, phone bills, diesel, travel etc.. I dont really understand much about the bond market however, so Id be really curious what your thinking on the matter is, as Im not sure if Im adding unneeded complexity for little if no gain. Misses Nannie and Narcissa O'Eannon, of Washington. Very interesting life so far Jim! ..for your very kind words. So there we have it the whole world knows I have DEBT and they know my life story if they've made it through this late night rant. Can you please share details? You are my hero! One question if you have time. You should have 708321 using vtsax and 682679 using s&p 500 index fund . Thanks for passing my writings on to your sons. I'm also very impressed with Zuckerberg. So, my main thought was watching this is theres going to be a lot of tears for a lot of people. Individuals should seriously consider if an investment is suitable for them by referencing their own financial position, investment objectives and risk profile before making any investment decision.). Thanks for your interest, but I do not accept paid postings. https://www.madfientist.com/sane-fientist-interview/. Finally, I have a no-nonsense guide to securing a bright future for us and our new child. He blogs about financial and other matters at JLCollinsnh.com. The index tracks the stock market not how much money is put into vtsax. I apologize as I think my original email was submitted incorrectly. JL Collins on Financial Independence and The Simple Path to Wealth July 28, 2020 By writing a series of blog posts about personal finance and stock market investing intended for his daughter, JL Collins (somewhat by accident) reached an international audience of millions. 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. There is no VTSAX available. Stocks -- Part XXV: HSAs, more than just a way to pay your medical bills. StocksPart XIII: The 4% Rule, Withdrawal Rates and How Much Can I Spend Anyway? It has long been on my list, but not for the immediate future. You may want to read one of Jims case studies on investing a lump sum in VTSAXthere is one where there is a guy with $35K and he recommends putting the entire amount in VTSAX: The Lies That Save Us Broken Heart 1 Jl Redington is available in our digital library an online access to it is set as public so you can download it instantly. Ive recently looked back and I can say, Im disappointed at the results. You may read my thoughts about it They just feel like unique experiences looking back. JL Collins: Thank you. book on Audible and have listened to it over a dozen times now. Be sure to read the comments, too. Hi Jim, I have my investments with a kind yet confusing broker that was suggested to me by a family member years ago. What are a couple of the other key precepts that run through that Simple Path to Wealth? Keep up the great work! Thank you for your time and consideration. Having said that, when I last hung up my last corporate job, I think my withdrawal rate was about 5% because my daughter was in college at the time, and I was comfortable with 5%, because looking at the Trinity study, 5% has an extraordinarily high success ratio. I wrote it in 2 parts here: https://physicianfinancebasics.com/the-simple-path-to-wealth-the-5-minute-version-part-1/ and here: https://physicianfinancebasics.com/the-simple-path-to-wealth-the-5-minute-version-part-2/ I think it can be a great investment; it can be a very lucrative investment. 4: my goal is not necessarily to retire early as i enjoy what i do and want to do it for very long time, but i do want financial freedom. Very often there is no one right answer, there are only different answers for different situations and the most important aspect is making an educated decision for yourself. Focus on paying off the debt first. Dow, S&P, other? As Ive said before, I owned them for 28 years myself. I really resonate with your book, and I need someone to help guide me in the right direction. for the comprehensive review and insights. . Hey, gimme a break. S&P 500 ETF Mr Why925 from whyninetofive. I would greatly appreciate your time and opinion, Mr. Collins. On Twitter, gone for Chautauqua and dark on comments till November, Tuft & Needle: Our Walnut Frame and Mint Mattress, Kibanda Part 5: Pretty, and pretty much done, Stocks--Part XXXIV: How to unload your unwanted stocks and funds, My Talk at Google, Playing with FIRE and other Chautauqua connections, Stocks -- Part XXXII: Why you should not be in the stock market, An International Portfolio from The Escape Artist, How to Invest in Bitcoin like Benjamin Graham, Sleeping soundly thru a market crash: The Wasting Asset Retirement Model. The stock market return as the best investment is valid in either nominal or real dollars, but you address the difference. When we graduated we realized what a craze had taken off over the #vanlife and we were able to sell our van for $36K profiting $14K and getting all of our investment back Life Changer. JL Collins is a well-known investing expert, and he has some strong opinions when it comes to investing firms. I acknowledge this. I agree with your calculations but the first question that has to be answered in non-economic. Case Study #4: Using the 4% rule and asset allocations. If you havent already and if you are so inclined, please take a moment to leave a 5-Star review on Amazon. I want to prove its possible! I would love to also order a signed copy of your book if possible. One of my few regrets is that Ive never had the occasion for an international posting. But as you go out three years, that percentage drops, and by the time you go out 30 years, there's less than 1%, which is statistically zero. 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. I had a question, I am based out of Canada and planning to invest in the Canadian equivalent of VTSAX- VUN (Offered by Vanguard). That makes her hot. Maybe there are some valuable experiences by people who have a long time of retirement behind them? By JL Collins. I will forward your contact info to my agent. Anyway,I envy anybody who can break out of the rat race,even for a while.Kudos to you.Rock on, amigo! Jessica J. Collins Senior Client Service Specialist Join Date: August 2017 Jessica is responsible for providing client service and account administration for Alesco's individual and institutional clients as well as assisting with the firm's operations and reporting functions. I could send it via PM. Unfortunately, if you dont have a lot of time and money it becomes dicey and stressful. Fully max out these before any 529 plans. Having just finished your book, and graduation around the corner, Id like to get all 15 seniors a copy of your book. If we sell up, we could quit the grind and design our own lives, tomorrow. i have tried to find answers, if i will be hit with a 30% tax (not withholding) when i withdraw money from this ROTH IRA. Ill send you a PM. Thanks. Thanks again for the blog post. Are you interested in being in a part of our Future Connection Conference project? Looking at the full 20 year picture, the best calculation I have is that Ive managed a 3.7 to 3.8% return over the full 20 year period (accounting for 2% inflation and dividends reinvested). I am thinking of using that money for my partner and I to live on for the two years the program is going on. With the official launch of our app in Jan 2020 with over 5000+ members signed onto our beta program, I wanted to invite you to join our beta program where you will receive early access to our financial content and collaborate with other personal finance influencers from around the world to shape how Gen Z should perceive finance. And since 2011, the markets have done almost nothing but go up. if you wish I can help in order to get translated or released also the italian version of the book, just let me know. Benz: What was your career path prior to you becoming a financial blogger? Im not optimistic for the future. Yes, I know the answer. Changed my accounts to Van Guard and am ready to follow your plan, but have some questions. Indeed. Thanks for showering us with a simple and unique way of investing. I am planning to order more copies so that my friends and I can read your book in my book club early next year in 2021. Benz: Just to follow up on that, does that give you pause given that it seems like by most measures, non-U.S. stocks are inexpensive relative to U.S. today? This is an interesting question. First thank you so much for sharing all your knowledge on building wealth. She was in college and interested in anything but investing. Let me start thinking about it. I have a post or two planned about people Ive met whove been able to make that happen. Not that I deserve it. Could you please ask your agent to contact me? Christine Benz: Hi, and welcome to The Long View. Dear Jim, 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 . I have 2 separate 401(k) plans from previous employers in Fidelity. , The truth is the vast majority of people who comment here are very civil, so it is easy for me to be civil in return. I look forward to exploring this site further! Hello! 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