An Exclusive Chat with

In this exclusive interview with @JL Collins we go over all things FI! Buckle up, there's lots of good stuff in this one.
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Everything we do, we do to help you slash your expenses, crush debt, and build ways to earn a living remotely by starting online businesses. Then we help you invest in the safest way we know how, despite the ups and downs of the stock market.
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[@SilkeRosenbusch]

Oh, please get rid of the tech-gimicks!!! - JL ist more than enough!

[@ChooseFI]

Thanks for the feedback.

[@BenBreard]

Agreed. They were distracting and really missed the mark IMO. .....but I totally respect trying new things - just wasn't for me. Great Q/A session.

[@rafaelgraff9881]

Great guest, very exciting... but please reduce the number of visuals... it makes the video hard to watch.

[@austinpeterjohn569]

Agreed! They were a bit much

[@Wesley-wg2qi]

I didn't mind it, but I guess I was more focused on the audio.

[@kurtjohnson99]

It's mostly the wooshing sounds when the extra graphics are happening that took me out of the element of listening to the conversation.

[@lisamills6745]

So much this! I like watching them talk not all the extra crap.

[@ChooseFI]

Thanks for the feedback.

[@melissaviews]

No need for the sound effects and additional visuals!

[@ChooseFI]

Thanks for the feedback.

[@amafid]

I find them to be a nice visual stimulus.

[@TwoGrainsOfGold]

Amen to that! I only found the explosion one good, the excessive ones earlier were distracting. I just like the simple purity of his incredible voice

[@MinnieOnCam]

the graphics are irritating

[@jkd1975]

Well the sound effects

[@ChooseFI]

Thanks for the feedback.

[@ThomasGrummt]

I love listening to JL, but I could not finish this clip due to the distracting and frequent sound effects and visuals. The content speaks for itself!

[@ChooseFI]

Thanks for the feedback.

[@knittingknut]

I usually just listen rather than watch so all that visual effort is pretty much wasted on me.

[@nathanrust4908]

When did they start adding all the obnoxious sound and visual effects? Someone put a lot of work into significantly reducing the quality of the show.

[@robertarmer6060]

Great show. I LIKE THE ADDED SOUND and VISUAL EFFECTS !!!

[@ChooseFI]

Thanks for the feedback Robert and Nathan.

[@okigan]

Please do not add the video and especially audio effects - very distracting - thanks.

[@mrwiddim]

I think the visual and auditory effects make this feel like those videos your teachers made you watch when they wanted a rest day from the teaching grind.

[@ChooseFI]

Thanks for the feedback.

[@whenifeellow]

I tend to agree with the negative comments about the sound effects, visual effects, and moderator. However, it was a great idea to open up the questions to your audience. I've been watching alot of Collins interviews lately, and this one had great info I hadn't seen in the others.

[@Wesley-wg2qi]

I love this quote - "The only security is flexibility."

[@ninil.1067]

I love JL Colins! Everyone should get his book. It's life changing.

[@LukeCollins80]

Listening from Australia. JL Collins has changed my outlook on investing in the stock market and made it so simple.Completely changed my outlook on Index investing. Thankyou! As mentioned at the start it's life changing advice

[@valeriesmith740]

Excellent interview....love JL Collins...so much wisdom that is right on point!

[@jintanaclements5627]

Im so glad to found Choose FI here. I'm recently just learning about simple path to wealth. What an eye opening. I thought that sort of thing is impossible for someone like me who starting out an establish career late in early 40 with no net worth. Since I started your book early this year I have paid off all the credit card debts over $10,000 and a car payment. Just starting to put more money in my 401k. I'm hopeful and starting to see some light of my retirement road. Thank you.

[@ChooseFI]

That's so cool. Congratulations! Glad you're finding the content helpful.

[@kirsten121]

The downsize of doing these remote meetings is the time delay or technical issues meaning people inadvertently talk over each other.

[@Crnicelad]

Excellent interview, much love from Slovenia! JL is the man!🙌

[@freetrade2financialfreedom407]

JL can certainly inspire you on a focused FI path !

[@mooniebo2752]

I agree on the comment about J.L. Collins voice.

[@ChooseFI]

Totally recognizable anywhere.

[@mooniebo2752]

Yayy!!!! This is my favorite guest!

[@craigpavkovichjr.5537]

Also my favorite guest- give us more JL!

[@ChooseFI]

He is one of ours too! Thanks for watching.

[@malinallitekpatl1]

Jennifer Ma brings great energy to the podcost, to the FI movement. Thanks for including her.

[@ChooseFI]

Aww, thanks so much.

[@thao6112]

You definitely don't want to hold your emergency funds in stocks and I don't think JL is advocating this when he talked about cash balances on hands. He's speaking from a position of FI, which many many others are not, and likely what I'd guess a hefty and healthy portfolio. You definitely don't want to put cash you think you'll need in 6 months, 1 year, or even 5 years, especially if you're saving up for something like a wedding or a car. Last year was a perfect example for this and justification for emergency funds for a big chunk of the US population.

[@Elizabeth-mt6bb]

So much negative feedback. I loved it thank you for this FREE advice. I always love listening and of course I like JL Collins.

[@Rk-m84]

Why would someone dislike this video? Love to JL and ChooseFi ❤️

[@vgb10dst]

Maybe it’s the special effects ppl dislike but i agree with you on disliking JL & ChooseFI...we always need haters

[@FreeyourFinance]

My hero is back 😂 great video as always guys. JL Collins changed my journey big time towards FI. I owe him a beer or 2 and I’m reaching a lean FI at 30 years old!

[@ChooseFI]

That's awesome. He's a great guy.

[@irarosenberg]

Please do your channel and JL Collins a favor and stop the juvenile use of inserted graphics and sound effects. The moderator needs to significantly tone down her reactions and guest interruptions. I really find it difficult to believe that ChooseFI has gone in this very distracting direction. Hoping for a speedy recovery.

[@70qq]

ty

[@MinnieOnCam]

Even Dave Ramsey will mention investing in Vanguard sometimes

[@edithago8845]

what location in your portfolio will you put bonds if you only have taxable income and roth ira? where you have more money in roth ?

[@danj34y]

@57:37 a very very loud base sound. Hardly noticed it from phone or PC, but I'm surprised it didn't blow out my car speakers. It shook my doors/windows and my ears are still ringing several hours later. I didn't mind the graphics and wasn't annoyed by any of the sounds earlier in the video. Love the show. Keep up the good work. Please see if you can edit out that specific sound.

[@ChooseFI]

Thanks for the info on the sound. I didn't notice it. I'll ask the video team to look at it.

[@danj34y]

@@ChooseFI Thanks so much! The sound is almost inaudible from phone/PC. But play it on a system with base, and I guarantee you'll notice it. Cheers!

[@bebetheexplorer624]

As an interviewer she talk too much.

[@seldom7288]

yes , she never lets him speak.

[@CalleRasmussen1]

This is dope

[@ChooseFI]

Yep, totally agree. He's the man.

[@smaranh]

Will this be posted as an audio version in ChooseFI Podcast?

[@LanNguyen-uz6hr]

The confusion is due to a small misunderstanding. When people say cost averaging, they mean invest across market, as you get additional money. JL refers to it as gradually putting a lump sum in, which is not how cost averaging is typically meant, and which is suboptimal approach. You could see that both the lump sum and typically defined cost averaging, are actually the same approach: to put it all in as you have it.

[@aikirunner]

Lump versus dca is always a odd comparison. You have to accumulate the lump sum before you can invest a lump sum. We’ll how do you do that? By taking a portion of your monthly budget. So why not do dollar cost averaging?

[@ChooseFI]

Good point. What if you were to get a lump sum of money like a bonus or tax refund and you wanted to invest it? That may be a good time to do lump sum instead of DCA.

[@vtheb1299]

I see JL Collins, I click!

[@ChooseFI]

He is pretty terrific. Thanks for watching.

[@aeksinsang932]

JL is my fav for FI advice

[@karynwhitesuperwoman]

Awesome chat! Please confirm when this interview was. Thank you !

[@ChooseFI]

This was a Facebook Live event on 27 June 2020. It was conducted as a series of experiments for the community. Thanks for watching.

[@GeoTex1111]

@@ChooseFI Please include that info in the description...thanks!

[@karensantiago1621]

Does he recommends to get out of debt before investing?

[@senorhook2872]

Yes, JL is all about math before psychology. He says that if the interest rate on the debt is below 5% then he suggests investing while in debt, but it comes down to the person's debt tolerability

[@jannorell6049]

My dad was allways negative to stocks. He allways refered to the big stock crash in 1929 and he only saw when the stock market took plunges. Hence, he never owned stocks in all his life. I, on the other hand, own stocks and a global index fund and that will make me a millionare when I retire, something he was never close to beeing. BUT, he slept well all his life. But I do to, because I believe that the stock market recovers.

[@theclown888]

Jennifer must have edited the video. The conversation and graphics interruptions feel the same lol. Otherwise, great interview!

[@clohanmom]

Love JL as always. Can't say the same for everything and everybody else in this video.

[@keithveath]

I'm confused. This is a new video but sounds like it is from a year ago. He is talking about the "market crash a couple months ago"

[@fsu120]

I'm pretty sure this is an old Facebook Live video that they uploaded again. I know I've seen this before.

[@nancyalvidrez6717]

Yes it is an old video, I remember watching it. I guess the update is the “effects” 🙄

[@ChooseFI]

This was a Facebook Live that was conducted on 27 June 2020.

[@timc4258]

great content FI. But as others, said the "flair" in the video (visual and audio distractions) really detract from the quality of this interview.

[@ChooseFI]

Thanks for the feedback.

[@amafid]

Hi Ben ...

[@McCEi]

Guys instead of being JL fan girls/boys, you should have asked what he thought about $FB $APPL $AMZN $GOOGL being 1/5 of VTSAX. Is there still real diversity there?

[@ChooseFI]

Yes, VTSAX is totally overweighted. I asked that question to Rick Ferri, Paul Merriman, and Larry Swedroe in one of the last Facebook Lives done in 2020. Jonathan and Brad also recently discussed the pros and cons of cap weighted vs equally weighted portfolios. If you want to listen to it, check out episode 277.

[@McCEi]

@@ChooseFI Thanks for responding and asking the question. I will check out the episode.

[@AurelioPita]

Great episode. Graphics are ok, sounds are definitely distracting.

[@rizwanakarizzy8771]

This lady is contagious, I would so hire her to run my webinars)

[@ChooseFI]

Thank you. That's kind of you.

[@Bshugs]

57:00

[@bingbong3643]

Collins is like John Bogle but cooler.

[@mariahsmom9457]

Yes as you note, his voice is amazing. Too bad it was drowned out with the weird effects.

[@johnkumpelis1121]

wow, what's up with all the visuals....quite distracting....getting a little too fancy guys!

[@jannorell6049]

Thanks for a good show, as usual. But as a dividend Investor I feel I want to comment on a couple of things: first, if a company stops paying dividend I sell those shares and buy one that do pay dividend, so that's not a problem. Second, the dividend payouts create cashflow and for me this year, that gives me 14 months of cash to invest insted of 12 from my salary. And, off course, the plan is that the dividend payouts will increase, so next year I will have 15 months cashflow to invest and so on. And also, I don't have to plan which stocks to sell when I stop working, since as long as they pay dividend I keep them.

[@vtheb1299]

Your reasoning seems to assume that stock prices stay fixed, while in reality the company that stops paying must be doing not so well and the one that keeps paying is doing well. So u end up selling low and buying high, which in the long term cannot be the greatest strategy and offsets some of the gains from the div. Also, it sounds like a lot of work to actively manage your portfolio. You may be getting "14 months for 12" but you're also putting in the extra time into it. Maybe there is an index fund for dividend stocks that might save u the work? I personally if I could get 1 month less payment for 2 months less work, I think it's a great deal...

[@jannorell6049]

@@vtheb1299 I like this because now we learn from each other. Yes, stock prices will vary and I will sometimes buy the wrong company which I will sell at a loss. But also I expect to do more right than wrong, because otherwise I would be better off staying away from stocks. I also want to add that I do have an international low cost index fund and a few stocks that has a history of growing in value and those are in investment, each company owning stocks in other companys, there by spreading the risk.

[@vtheb1299]

@@jannorell6049 hey Jan! Good for you, sounds like you have a thought out plan. To quote another favorite FI channel, it's important that we invest with a plan! I tried to be helpful in providing a possible pitfall and you have already factored that in. That's great! Just to ask you your opinion on divident index funds. I found an international one (I think with iShares, DXG if I'm not mistaken) and I was wondering what the deal is. You sound like you're picking your stocks personally so I wonder what do you think about dividend index funds?

[@jannorell6049]

@@vtheb1299 l think dividend index funds sounds like a great idea since you get the best of both world. Good luck!

[@atesfai]

hey all, your content has been life changing and been a subscriber for a while, but these changes recently are quite distracting to get through to the actual content, from baked in credits last time to graphics, visuals, and the moderator this time, idk. will be back as a subscriber when you’re back on track. still love the weekly emails.

[@ChooseFI]

Thanks for your feedback.

[@danielsheppardtv]

What the hell were you guys thinking with the visuals and sound effects? Speaker says the word “listen” and you show a picture of an ear? Speaker says “writing” and you show a picture of a keyboard? I listen to multiple hours long talks on KZbin just looking at the faces of the people speaking. Give your audience’s attention span some more credit. Love to hear this interview without all the effects if you guys could post it somewhere?

[@bencarey96]

I really like JL and he’s helped me a lot. 1) You should take it down, remove the edits and reupload. 2) the fan-boying over JL is cringe. He just repeated what bogle taught, don’t have to blow him every time he’s on a podcast. It’s hard to listen to adults kiss so much ass over and over again.

[@jc2604]

what's up w/ these terrible graphics. lol

[@davidmorley7495]

Visuals need to illustrate or clarify. For example 22 mins in JL talks about the frequency of up years and down years. Put up a chart showing that e.g. a bar chart of returns each year for the last 30 years. Instead we get nothing. Then a splash screen of Back To The Future when JL says no one can predict the future. It just comes across as a lazy and incompetent attempt to inject visuals for their own sake.

[@jc2604]

This interviewer woman has got to go!

[@sityhilelonkubungu2847]

Please stop the sound effects are annoying, I don’t think they enrich the conversation. Keep it nice and simple.

[@cotytaylor8517]

Yeah, terrible editing and sound effects. Totally detracted from JL's words.

[@davidsewell9721]

This is so distracting just let the guy talk.

[@jershir7599]

The comment about not being able to rely on dividends is so short sighted and obviously comes from someone who hasn’t fully researched them. You can’t rely on stock appreciation either. In a downturn, the value of your stocks will go down almost immediately and there are plenty of companies who have continued to pay dividends - think JNJ and MMM. Don’t give out bad advice if you don’t know what you are talking about.

[@BrokeMillionaire1]

The FI GOAT!!!!