Hasan sits down with personal finance guru JL Collins to talk about his book βThe Simple Path To Wealth,β why so many people are bad with money, and how to ignore all those overconfident posers in your Instagram reels (other than Hasan).
Co-Creator & Executive Producer: Hasan Minhaj
Co-Creator & Executive Producer: Prashanth Venkataramanujam
Executive Producer/Director: Tyler Babin
Executive Producer/Showrunner: Scott Vrooman
Cinematographer: Austin Morales
Producer: Kayla Feng
Associate Producer: Annie Fick
Editor: Will Feinstein
Editor: N/V Moore
Talent Coordinator: Tanya Somanader
Executive Assistant: Samuel Piland
New to HMDK? Start here: (https://www.youtube.com/playlist?list=PLE6linSnhLs0dd6APJS0_u12PLhQoRXD3)
Follow us on Instagram: (https://www.instagram.com/hmdk)
Follow us on TikTok – (https://www.tiktok.com/@hasanminhaj)
Listen to our Podcast – (https://lemonada.lnk.to/HasanMinhajDoesntKnowYT)
ββββββββ
THE SHOW:
Hasan Minhaj Doesnβt Know is a long-form interview podcast hosted by two-time Peabody Award-winning comedian Hasan Minhaj. The show features in-depth conversations with politicians and public figures, as well as occasional interviews with celebrities. Rather than sticking to standard talking points, Minhaj aims to ask deeper, more probing questions that reveal personal perspectives and challenge conventional narratives. The tone is direct and curious, and focused on uncovering what guests really think beyond rehearsed answers.
KEYWORDS:
Hasan Minhaj Doesnβt Know, Hasan Minhaj, Hasan Minhaj podcast, politics, political, political interviews, politics interview, interviews, political comedy, comedy, political, news, podcast, comedy podcast, politics podcast, Patriot Act, Patriot Act Netflix, issues, current affairs podcast, current events podcast, current events, talk show, trending political news, funny, satire, political satire, celebrity interviews, political videos, Democratic Party, Republican Party, us politics, American politics, long form interview, long form political interview
0:00- Monologue
1:27- JL Collins is everyoneβs Dad
3:30- Why are people so bad with money?
4:23- Why isnβt JL Collins a grifter?
9:35- Living within your means
16:42- F*ck You Money vs. Financial Independence
22:59- Is leasing a car bad?
27:02- What is VTSAX?
34:26- Going all in on NVDA
38:11- Investing in the tech sector
41:05- Bitcoin is a speculation
46:14- Is the S&P 500 a bubble?
53:49- Why your house is a terrible investment
56:50- The Monk and the Minister
source
Subscribe for video episodes:
https://www.youtube.com/@HasanMinhaj?sub_confirmation=1
Or audio:
https://lemonada.lnk.to/HasanMinhajDoesntKnowYT
That's amazing, if you had wings you could fly π π π π π π π π
JLL is a very wise man
I feel like a guest shouldnβt have to ask if they can finish their thought.
Does he mention itβs a $3k minimum buy?
What if your starting in your 40βs? Is this the best lane to wealth?
Owning a house might be good if TCO is lower than rent and you intend to stay there for a long time, so when the house is paid off, you no longer have a house payment and you only have maintenance. There is some stability since chances of you being thrown out of your house just because the landlord decided are much lower and rent is infinite only ever goes up.
That said, if you own a house, you also own all of its problems, and one of those problems has the possibility to cost as much as a lifetime's worth of rent hikes.
VIGAX has outperformed VTSAX in every category at every timescale since inception.
Pokeman.
Pokemon.
Whatever.
It's not whatever.
Freaking hilarious.
Just buy gold
Hi everyone! Iβve got a lump sum Iβm looking to invest, and Iβd love your thoughts.
If Toyotas and Hondas are shitboxes than what category do the majority of American cars fall under?
Avoid debt as if I had a choice Β―_(γ)_/Β―
JL is amazing, I really enjoyed this
Hassan, you interrupt a lot . π’
This was great ππΎ
Who came from Instagramπ
PokΓ©man card ππ
simply retire from something; have something to retire to Start saving, keep saving, and stick to investments. Everyone should have crypto in their portfolioβ¦
I love JL's voice as he explains things over a mic.
People are bad with money because we don't have much in order to get it right (various instruments, etc). Those who say save a penny get a dollar, and so on … well, till you have, so to say, a couple hundred thousands, to cover, so called, basic needs, it is difficult to save or invest. But, yes, a good habit is saving at least 20% and definitely no debt (incl credit cards).
What if AI replaces so many jobs that people don't have an income? What happens to the economy?
Imma need this guy to narrate my life
Itβs baffling that even smart people like JL still donβt even give Bitcoin a chance. How can they be so intellectually curious in other areas yet so unwilling to do the real work of understanding something this important?
Bitcoin is not a speculative asset like a meme token; itβs a large-scale, self-sustaining, open-source monetary network. Itβs backed by thousands of active developers, thousands of companies, tens of thousands of globally distributed node operators, multi-billion-dollar annualized cash flows, and a clear utility by having censorship-resistant settlement and a hard monetary policy. Its value proposition complementsβrather than competes withβproductive companies in an S&Pβ―500 index fund. This isnβt a zero-sum comparison. Dismissing Bitcoinβs economic impact today is akin to dismissing the internet in 1995 simply because it didnβt yet have a traditional profit and loss statement.
Thumbs up if you're also here from the ChooseFI newsletter!
βIf you had wings you could fly!β
An Amazing responses, with very few words.
His mother was a wise person. My parents never told anyone how much money they had for the very same reason. Most rich people do not disclose their wealth in dollar and cents because the IRS maybe listening.
Oh man… JL – Please update your recommendation to VTI instead of VTSAX especially if you are going to mention Fidelity! VTI is the ETF version of the mutual fund VTSAX and VTI is commission free at Fidelity, Schwab, etc. But VTSAX is commission free only at Vanguard and you need to pay a fee at Fidelity, Schwab, etc.
Donβt listen to a guy whose parents had money bringing him to horse races. He had money his whole life .. doesnβt count sorry
This guy can state his grocery shopping list all day and I would listen to him. Such a soothing and calming voice
Hasan Bro – you have ADHDβ¦
Hell yeah Toyota Avalon go brrr
I'm 38, I drive a 2010 Honda CRV, an engineer, married without kids, I never eat out , I don't have student loans, I don't have cable TV, I don't have a car payment, my car insurance is ~95$ a month, I even went a year and a half without a cell phone, and my wife and I still live pay check to pay check and we've both had to empty out our 401ks essentially because my medical bills are ~$2000 a month, my rent is $2500 a month, food is absurdly expensive, and it's only getting more expensive.
What am I supposed to do?
How do I financially plan my way to retirement?
This guy…
"How do you get the first car? Buy it"
"This isn't a sacrifice thing, just sacrifice and drive the worst possible car for half a decade"
"Buy index funds cause stock picking doesn't work, how did I get rich? Picking stocks ".
Great interview, great pushing back on objectives. Keep them coming
I was just watching the Patriot act last night wondering what Hasan was doing. This is probably the only time I can say I'm glad my phone was listening to me
βSpend less than you earnβ isnβt an option for many people today.
Logan Paul will be like βbro, what did i do?β
Just be depressed for a good 5 years and aggressively save your money. That's what I did, and I'm well off. What I mean by that is to focus 100% on saving, going to work, working out, go to sleep, and repeat for literally 5 years straight and you'll be happy to see the light at the end of the tunnel. (Of course if no financially catastrophic situations occur within that duration of time)
at this moment, this is my second time watching this because the last time it was a lightbulb moment
You can save through your IRA or Roth by contributing monthly to a cash equivalent fund, and buy the dip. By having the funds already parked in a risk free fund, you can respond quickly to buy the dip.
Another hint is live within your current budget and increase your paycheck savings % by the same amount as your annual raise %. Do this manually for 5 years and pretty soon you can get from 10% to 20% savings rate within 5 years. I was able to do this very successfully in my career.
It's a treat to see a celebrity discussing finance. One always winners how they manage money.
We will all die anyway. No need to make a huge deal of investment.
SOME THINGS JUST WORK THE SAME WAY FOR EVERYBODY. I LEFT INDIA ABOUT 5 YEARS AGO AFTER DECIDING THERE WAS NOTHING LEFT FOR ME THERE. CAME TO THE US, AND 2 YEARS LATER, I MADE MY FIRST MILLION BECAUSE OF HERE, IF YOU WORK HARD, YOU'LL ACTUALLY EARN MORE, AND IF YOU INVEST WELL, THE REWARDS CAN MULTIPLE IN WAYS YOU CANNOT IMAGINE. AND TO THINK SOMEBODY JUST DID THE REVERSE? MUCH RESPECT TO HIM!!