Customer Quote by J.L. Collins
““Three things saved us: Our unwavering 50% savings rate. Avoiding debt. We’ve never even had a car payment. Finally embracing the indexing lessons Jack Bogle—the founder of The Vanguard Group and the inventor of index funds—perfected 40 years ago.””
About This Quote
Source Book: The Simple Path to Wealth, J.L. Collins, 2016
Financial security comes from high savings, avoiding debt, and using low‑cost index investing as taught by Jack Bogle.
In simple terms: Save a lot, avoid debt, invest in index funds.
Prioritize saving, debt avoidance, and index investing.
Themes
Mood
Type
When to use this quote
- budgeting
- retirement planning
- debt reduction
- portfolio building
Key Concepts
Questions to Reflect On
- What percentage of income can you realistically save?
- How will you handle market volatility?
Index funds may underperform in certain market conditions.