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The ‘Godfather of Financial Independence’ says young people should do two things to build wealth—and it’s not buying a house, which is ‘silly’
Yahoo Finance·2025-09-12 18:03

Renowned financial educator JL Collins has some advice for millennials and younger generations struggling to build wealth. Collins, widely known as the “Godfather of Financial Independence,” emphasized two fundamental strategies in a recent conversation with the comedian Hasan Minhaj: Invest in Vanguard Total Stock Market Index Fund Admiral Shares, and rent instead of buying a home. Minhaj, who rose to fame as a correspondent on “The Daily Show” and later hosted Netflix’s Emmy-winning “Patriot Act,” inter ...