On Sale Now! Why Does The Stock Market Go Up? by Brian Feroldi

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096R | The Money Matriarch of the World & the Godfather of FI | Suze Orman & JLCollinsNH

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An in-depth conversation with JL Collins about a recent controversial interview given by Suze Orman, and clarification of what concepts are truly at the heart of the financial independence movement.
  • Frugal wins of the week from Brad & Jonathan: garbage pickup and cell phone batteries.
  • What questions did Dominick Q, from Monday’s episode, ask that were most impactful for Jonathan?
  • Jonathan explains how he uses a planner at night to set himself up for success the next day.
    • What three things does he want to accomplish tomorrow?
  • Shutting off notifications on his phone allows Brad to step away from him phone more effectively.
  • One of Dominick’s strategies for breaking the tie to various technology is a ‘digital detox’.
  • Leaving his phone at home during a family walk each morning helps Jonathan give quality, undivided attention to his family.
  • JL Collins, a.k.a., the Godfather of FI, talks about two recent interviews on the “Afford Anything” podcast with Suze Orman (personal finance expert and former CNBC talk show host).
  • Although Suze opposes the overall idea of FIRE, she advocates for many similar personal finance concepts and principles.
  • Brad and Jonathan wonder whether anyone would ever be able to retire based on the FI numbers that Suze suggested.
  • JL suggests that fear of what might happen in the future informs Suze’s mindset more than necessary.
  • Continuing to work doesn’t mitigate uncertainty about the future.
  • The only truly non-renewable resource is wasting decades of your life.
  • Is the FI community more prepared than most for bad things that might happen in the future?
  • Jonathan and JL wonder if Suze’s wealth has been accumulated through sound investing, or from a variety of businesses and her work as a TV personality.
  • It’s easy to sell books and products based on fear.
  • Was Suze’s interview actually good for the FI community?
  • The amount of money someone actually needs to retire is entirely dependent on the lifestyle that someone chooses to live.
  • Does the “FIRE” acronym add some concern and confusion about the FI community?
  • Being financially independent just means that you can do whatever you want.
  • Trying to pick individual stocks is a loser’s game.
Interested in More from JL Collins Check out his incredible stock series at JLCollinsNH.com We also have a 3 part podcast series with JL Collins JLCollins also did a fantastic talk with Google which you can watch here     Links: Afford Anything Ep #153: Why I Hate the FIRE Movement, says Suze Orman Afford Anything Ep #154: You’ll Need at Least $10 Million to Retire Early, says Suze Orman The Simple Path to Wealth – JL Collins
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