The outlet online sale Simple Path to Wealth: Your road map to financial independence and a discount rich, free life online sale

The outlet online sale Simple Path to Wealth: Your road map to financial independence and a discount rich, free life online sale

The outlet online sale Simple Path to Wealth: Your road map to financial independence and a discount rich, free life online sale
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“In the dark, bewildering, trap-infested jungle of misinformation and opaque riddles that is the world of investment, JL Collins is the fatherly wizard on the side of the path, offering a simple map, warm words of encouragement and the tools to forge your way through with confidence. You''ll never find a wiser advisor with a bigger heart.” -- Malachi Rempen: Filmmaker, cartoonist, author and self-described ruffian

This book grew out of a series of letters to my daughter concerning various things—mostly about money and investing—she was not yet quite ready to hear.

Since money is the single most powerful tool we have for navigating this complex world we’ve created, understanding it is critical.

“But Dad,” she once said, “I know money is important. I just don’t want to spend my life thinking about it.” This was eye-opening. I love this stuff. But most people have better things to do with their precious time. Bridges to build, diseases to cure, treaties to negotiate, mountains to climb, technologies to create, children to teach, businesses to run.

Unfortunately, benign neglect of things financial leaves you open to the charlatans of the financial world. The people who make investing endlessly complex, because if it can be made complex it becomes more profitable for them, more expensive for us, and we are forced into their waiting arms.

Here’s an important truth: Complex investments exist only to profit those who create and sell them. Not only are they more costly to the investor, they are less effective.

The simple approach I created for her and present now to you, is not only easy to understand and implement, it is more powerful than any other.

Together we’ll explore:

  • Debt: Why you must avoid it and what to do if you have it.
  • The importance of having F-you Money.
  • How to think about money, and the unique way understanding this is key to building your wealth.
  • Where traditional investing advice goes wrong and what actually works.
  • What the stock market really is and how it really works.
  • Why the stock market always goes up and why most people still lose money investing in it.
  • How to invest in a raging bull, or bear, market.
  • Specific investments to implement these strategies.
  • The Wealth Building and Wealth Preservation phases of your investing life and why they are not always tied to your age.
  • How your asset allocation is tied to those phases and how to choose it.
  • How to simplify the sometimes confusing world of 401(k), 403(b), TSP, IRA and Roth accounts.
  • TRFs (Target Retirement Funds), HSAs (Health Savings Accounts) and RMDs (Required Minimum Distributions).
  • What investment firm to use and why the one I recommend is so far superior to the competition.
  • Why you should be very cautious when engaging an investment advisor and whether you need to at all.
  • Why and how you can be conned, and how to avoid becoming prey.
  • Why I don’t recommend dollar cost averaging.
  • What financial independence looks like and how to have your money support you.
  • What the 4% rule is and how to use it to safely spend your wealth.
  • The truth behind Social Security.
  • A Case Study on how this all can be implemented in real life.
Don’t let any of this intimidate you. Those that have gone before you say:

“….in his patented no-frills and often humorous style, JL makes it both approachable and simple. And powerful.”
“…effective message told in a visual, funny style.”
“…a refreshingly unique and approachable take on investing.”
“JL Collins has the gift of making boring financial concepts funny and interesting.”
“Instead of esoteric equations about measuring a stock''s alpha and comparing it to its beta, he lights up the campfire and starts telling stories.”

Enjoy the read, and the journey!

About the Author

These days, I''m a book author and financial blogger on jlcollinsnh.com, but it wasn''t always so. I started selling flyswatters door-to-door and picking up empty pop bottles from the side of the road for the 2-cent deposit. Gimme a break. I was eight. My first real job was scrubbing out big metal ice cream cans. I was 13. It paid $1.25 per hour. From there: Busboy, dishwasher, order-puller, grocery bagger, stock clerk, produce clerk and gas station pump jockey back in the day when someone pumped your gas, washed your windows and checked your oil (ask your grandparents). Mail clerk, tree-trimmer, landscaper, ad agency founder, account executive, ad space salesman, investment officer, entrepreneur, consultant, sales trainer, speaker, writer, radio talk show host and magazine publisher. Pretty much in that order although I''ve done some more than once. And I may have forgotten one or two. My work has taken me to most U.S. states as well as Canada, Germany and England. One of my few regrets is that I''ve never had an international posting. But I''ve had the good fortune to see a bit of the planet on my own: Mexico, Canada, Ireland, Wales, England, Greece, Crete, Puerto Rico, Tahiti, Venezuela, Curacao, Scotland, Italy, Germany, Spain, Paris, India, Kashmir, Goa, Nepal, Zanzibar, Tanzania, Eleuthera, St. Thomas, St. Martin, Barbados, Antigua, Martinique, Ecuador, Perú, Bolivia, Chile, Prague, Guatemala, Galápagos. Pretty much in that order although I''ve visited some more than once. And I may have forgotten one or two. I''ve traveled by plane, train, bus, boat, subway, taxi, hired car, motorcycle, bicycle, rickshaw, hitch-hiking, foot, horse, donkey and elephant. Not only traveled by elephant, but herded rhinoceroses by elephant back in Nepal. My degree in English Lit is from the University of Illinois at Champaign-Urbana. They still send me alumni letters mostly, I think, hoping I''ve become rich and famous. I''m working on it. Here''s my favorite cartoon: The visual is two guys in a corn field, up on racks dressed in shabby clothes. Straw coming out from their shirt cuffs and pant legs. They are serving as scarecrows. One is looking over at the other and saying... "English Major. How about you?" A pal of mine once said I had won the family lottery. He is right. My wife Jane and I have been married for 34 years. Our daughter Jessica graduated Summa Cum Laude from the University of Rhode Island. She currently serves in the Peace Corp.

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Customer reviews

4.8 out of 54.8 out of 5
6,211 global ratings

Top reviews from the United States

Late Bloomer Wealth
5.0 out of 5 starsVerified Purchase
I detailed why I awarded the author five stars.
Reviewed in the United States on September 14, 2016
I liked the author’s podcast interview by the respected, data-driven and the whimsical Mad Fientist. I bought this book for two important reasons: it was self-published and the author’s persistent reference to Jack Bogle’s genius. I support self-published financial authors... See more
I liked the author’s podcast interview by the respected, data-driven and the whimsical Mad Fientist. I bought this book for two important reasons: it was self-published and the author’s persistent reference to Jack Bogle’s genius. I support self-published financial authors because the traditional publishers deploy editors to tweak the author’s voice, and original story, to make the final “processed” book more sellable. Instead, self-published authors do not have to satisfy shareholders or generate sales, so the author’s message about Bogle’s investment philosophy and the company he founded, Vanguard, remains organic for the readers’ best interest.

This book is perfect for beginners, and some seasoned investors who are sick and tired of searching for that short-term investment miracle. Collins stuck with Bogle’s purest message from the beginning to the last word. As a Bogle devotee myself, I appreciate his courage to stand up, write a terrific book and argue effectively for the powerful and low-cost indexing strategy and against the delusional appeal of day-traders, hedge fund managers, active management strategies, timers, or individuals who claim they can successfully speculate and win big. Far too many normal investors get caught up in those phony, but exciting fantasies and lose. The new guy or gal investor gets the skills to construct a simple portfolio you understand, and then have the courage and the confidence to permanently ignore the media’s seductive financial noise machine.

The Simple Path to Wealth''s basic message to beginners is well-known in the Do It Yourself (DIY) and ESPECIALLY for the Youthful Financial Independence (aka FI and FIRE Financial Independence Retire Early) community.
• think long-term
• live below your means
• plan ahead with a fully diversified portfolio (except international stocks, more on this below)
• invest in Vanguards low-cost index funds

Sooooo, what is not to like? I’ll admit it’s a boring plan, and not all DIYers embrace it. But I love my boring plan and it’s exactly where the power of what we can do lies—after setting up our plan, we must be patient.

Collins writes much about psychology, for good reason. The power lies with us. It''s not us versus the big intimidating stock market. With time and experience, we learn to be psychologically tough for long periods of time. In the movie Wizard of OZ, Glenda told Dorothy that she “always had the power to go home again?” It''s the same for us investors. All of the features of constructing a balanced plan remains under our control. It fairly easy to learn. But the hard part is the unfair and counterintuitive psychology. Thinking long-term is the best antidote. Over time the growth will pay enough of a return to meet or beat the inflation rate. Meeting or beating inflation is a simple, realistic goal, and psychologically attractive. This book shows you how to like saving with minimal time and effort to discover the investing process.

Patience, psychology, and philosophy are a difficult sell. Many investing aficionados are more interested in the adrenaline rush and chasing the opposite sex than building wealth over time. The market is not something to conquer or control. It is simply made up of wonderful organizations of hardworking people, called publicly traded corporations. The author explains how to harness all of that positive corporate energy, and just flow with it, whether it goes up or down, and over time it goes up. The author addressed the tough sell challenge with elegance and subtle toughness.

The author discusses investment costs, taxes, tax-deferred retirement plans offered by employers, the retirement years and strategies to keep from running out of money. My favorite chapters are “Why I don’t like Investment Advisers” and “Some final thoughts about risk.” Financial advisers are an easy target with hundreds of reasons not to like. Most of us DIYers will never need a financial adviser, for two good reasons: Collins writes “Nobody cares about your money more than you do,” and “you can learn to manage your money yourself with far less cost and better results.” From my personal experience, knowing how to save investment costs alone was enough to pay cash for the Tesla Model S.

On the subject of risk, my favorite part, and I quote as the author was speaking to the zombie apocalyptics among us especially the financial media: “Major Armageddon extinction events, like the asteroid that took out the dinosaurs some 65 million years ago, have happened about five times. So that’s about one every 10 million years or so. Are we really arrogant enough to think it’s going to happen in the geological eye-blink we’ll be around? That we’ll be the ones to witness it? Not likely.” Economic Armageddon ain’t going to happen either.

There are a few minor omissions. The author is not well known, so he needs to talk more about himself about what he did. I felt like he had more to say as examples of his fears of risk and the mistakes he made. All of that would have made the book even more authentic and organic. What was the role of his wife? What exactly did the author and his wife do for a living? He did report that he worked as a financial analyst. So, was he in the financial industry? He did not explain why he had an overly aggressive portfolio for an individual in his 60s. He did not share his diversification plan, except that he doesn’t own international stocks (he explains why).

Consequently, I give him an A for telling us how to set up a portfolio and his rationale, but I give him a B for not showing what exactly he did and for how long. His rationale is spot on, but portfolio construction and asset allocation strategies and information can be found in many books (The Boglehead Guide to Investors, any book written by Jack Bogle or his followers, Ferri, Swedroe, Roth, and Bernstein).

• Some other minor items that I found perplexing and discouraging for people starting out. On page 246, he writes, “Save and invest at least 50% of your income.” What? I reread this twice, and could not comprehend why the author wrote this. In my working career, I could not even contribute the maximum allowed in my 403(b) plan let alone save 50% of my income (No, I never had new car payments because I could not afford car payments and invest too). Yet, I reached financial independence at age 61. 50% of one’s income is overreaching and dangerously discouraging (unless you are a highly elite and talented employee with a 7 figure income). For the rest of us, just start with what you can afford. For example, I started at age 37 with $200 a month in my 403(b), and that was a lot out of my meager income. But I kept it up for 24 more years.

• Back to his strategy about avoiding international stocks. The author knows he will get pushback, and he probably has heard my argument for international investing many times. Mr. Collins is just following Bogle''s advice about keeping it simple. But one can have it both simple and fully diversified worldwide by one fund. Diversification means investing in all available stocks, worldwide. So, let’s take advantage of these opportunities to invest in just one fund, the Vanguard Total World Stock ETF (VT). The author won’t have it. IMO, the author might be reflecting his age and the Familiarity/home bias that is so frequent with the silent generation. The author writes investing in the United States domestic market is enough diversification because of the worn-out 21st-century global connections argument. He offers what appears at first glance valid reasons, but they are out-of-date, and one about excessive costs is flatly wrong. Vanguard''s Global fund charges .14%. I don’t know about you, but the opportunity to invest in all publically traded companies on the planet is inexpensive!

Also, I am 72 years old and old enough to remember my elders saying that is too risky to invest in foreign stocks. We are well into the 21st century and the world has changed. Don’t you think that international corporations want to grow and prosper too? Of course. Don’t you think opportunities for diversification have evolved for the better? Yes. I want as much diversification as possible to reduce equity risk, and reduce volatility. I might even get higher returns, but that’s not part of my expectations. The global index funds or ETFs make full diversification in just one investment a synch.

• Another minor objection is his downplaying the Roth IRA. I think he over-complicated with trying to predict the tax rate to decide to use or not use the Roth IRA. It’s futile and a waste of time to guess the future. Not having to pay capital gains taxes after investing in the Roth IRA is one of the best strategies for us regular investors (You can run the numbers on a brilliant Excel program created by The Finance Buff). After running the numbers on the Excel program, you will be thoroughly convinced to include the Roth IRA in your plan.

• One last objection. I recommend to readers who don’t have a “lump sum” that is, a bundle of money to invest already, that you ignore the “Why I don’t like dollar-cost averaging” chapter. I had to use DCA during my entire working career investing in my 403(b). Because I started from NOTHING and had less than $50,000 for years. If you have a lump sum to invest, follow the author’s advice. But I think I can speak for most investors who have little choice but to use DCA. His opinion about DCA was more discouraging than encouraging.

Collin’s strong opinions about some of his investment ideas represent more of his individuality than sound investment practice. Of course, the author never intended to be discouraging. I am just responding as a reader with a few of my opinions about his outstanding work. That’s perfectly fine for him as his opinions worked for him and they might work for you too. My opinions worked well for me. In the final analyses, he follows the “Boglehead” way. For that, I am delighted he wrote a great self-published book showing once again the work of the legendary investor, advocate, and teacher, Jack Bogle. Outside of these minor differences of opinion, Mr. Collins earned a well-deserved five stars.

In sum, if any author self-publishes a book about investing, I think it is important to readers to know that the message is organic—no other agenda item hangs in secret, other than to explain and layout a simple plan which will connect with new investors and get them results.
1,105 people found this helpful
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Brendan McGree
1.0 out of 5 starsVerified Purchase
Well written but wrong message
Reviewed in the United States on May 22, 2019
In 2008 I was taking a finance class in college watching the market burn to the ground. After graduating in 2009, I saw Comcast and Starbucks stock selling for crazy low prices from where it had been in 2007 and wondered why these stocks were getting hammered for a real... See more
In 2008 I was taking a finance class in college watching the market burn to the ground. After graduating in 2009, I saw Comcast and Starbucks stock selling for crazy low prices from where it had been in 2007 and wondered why these stocks were getting hammered for a real estate and bank crisis, so I bought with the intent to hold. And I made money. I realize now it was riskier then I knew at the time because I didn’t do my due diligence in research on these companies, but for this book to claim the market can’t be beaten is completely false. I held on to these companies for years and smoked the market. I might agree that most can’t do it, but to make a blanket statement that no one except Buffett and a few others near the top is misleeading.
248 people found this helpful
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Rachel McCarthy
5.0 out of 5 starsVerified Purchase
Hands down one of the best financial books I’ve ever read or heard about.
Reviewed in the United States on January 1, 2018
Hands down one of the best financial books I’ve ever read or heard about. If I could gift a copy of it to every single graduate, I would. This book is like listening to a sage friend who has endured decades of ‘playing / timing’ the market and concluded there is an easier... See more
Hands down one of the best financial books I’ve ever read or heard about. If I could gift a copy of it to every single graduate, I would. This book is like listening to a sage friend who has endured decades of ‘playing / timing’ the market and concluded there is an easier way. Not only is this friend willing to share the way, it’s is not even a scam or get rich quick scheme. It is a straightforward, achievable process: avoid / eliminate debt, spend less than you earn, invest in low-cost index funds, and then do NOTHING. Simply sit back and wait for the magic of time and compound interest to do the rest. This means you no longer have to worry about the next stock market crash or try to find the next Apple or bitcoin. JL Collins introduced me to the concept of F- You money (which I now call F- Yeah money thanks to ProudMoney.com). About two years ago, when I realized I had F- Yeah money, it transformed the way I approached work. Meetings were no longer stressful, crises of the day seemed ridiculous. A year ago, I moved to part-time. This year, I’m thrilled to report that both my husband and I have just early retired at 45 and 47 respectively. I attribute a lot of this to reading this book. I gave me the facts I needed to believe we had hit our number and would be just fine. Albert Einstein called compound interest is the most powerful force in the universe and the greatest mathematical discovery of all time. I say the knowledge of FIRE (financial independence retire early) gives compound interest a run for its money. Read this book then give it to someone struggling or boasting about this stock or that one. It truly can change your life.
261 people found this helpful
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AnnKEmery
5.0 out of 5 starsVerified Purchase
Literally gained thousands of dollars after following this advice
Reviewed in the United States on December 20, 2017
This book was a gamechanger. After reading this book, I understand the difference between stocks and bonds (and what proportion of each are appropriate at each financial stage of my life). know what an index fund is (and why they''re superior to picking my own stocks). I... See more
This book was a gamechanger. After reading this book, I understand the difference between stocks and bonds (and what proportion of each are appropriate at each financial stage of my life). know what an index fund is (and why they''re superior to picking my own stocks). I finally understand what "timing the market" means and why it''s a bad idea. I know why Vanguard''s VTSAX and its low expense ratio are the best choice. I understand the math behind 8% interest and 4% safe withdrawal rates. These were all terms that I''d vaguely heard of before but now I actually understand and have put into use. My husband and I switched around our allocations (and rolled over some old accounts into Vanguard) and we literally gained a few thousand dollars in interest overnight. I can''t even imagine the impact of those changes a few decades down the road. A must-read!!
151 people found this helpful
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Mike
5.0 out of 5 starsVerified Purchase
My new favorite book
Reviewed in the United States on September 7, 2016
I read 50-60 books per year on average, almost 50% of those are in the finance realm. This is my single favorite book on finance. After reading over 100 finance books, this is hands down the best one. There are some business books that rival it, but all told its... See more
I read 50-60 books per year on average, almost 50% of those are in the finance realm.

This is my single favorite book on finance. After reading over 100 finance books, this is hands down the best one. There are some business books that rival it, but all told its in the top 3 of all time.
185 people found this helpful
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M. Miller
5.0 out of 5 starsVerified Purchase
An accessible book on index investing
Reviewed in the United States on October 5, 2016
JL Collins is essentially a "Boglehead", and he admits that Jack Bogle is his personal hero. For those of you who dont know, Bogleheads are people who subscribe to Jack Bogle''s (founder of Vanguard) philosophy on investing, which in simplest terms is investing and... See more
JL Collins is essentially a "Boglehead", and he admits that Jack Bogle is his personal hero. For those of you who dont know, Bogleheads are people who subscribe to Jack Bogle''s (founder of Vanguard) philosophy on investing, which in simplest terms is investing and holding in minimally-managed index funds.

There is some redundancy in his chapters, which are really just breaks in conversation, but his overarching message is easy to grasp and accessible for anyone who desires to either retire early or become financially independent. This isnt an "early retirement" book per se, but one could apply these principles (and indeed many do) to generate enough passive wealth to drop out of the rat race. Of course, the other big pieces to the early retirement puzzle are frugal living and debt elimination, which arent the main themes he explores.

For me this book was very helpful since I was a relative neophyte to all things investing. Collins has an easygoing, conversational style that is both engaging and instructional; and he de-mystifies (or rather translates) investment lingo to present the fundamental concepts you need to understand.

In short, his message is:

Eliminate debt
Understand how the stock market works, and why it is the most powerful wealth-building tool there is
Invest in the total stock market index through Vanguard (no he isnt paid by Vanguard)
HOLD through the highs and lows
Reap the rewards after years of diligence

I recommend it to anyone interested in early retirement or financial independence, especially investing novices. Worth the money spent.
143 people found this helpful
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R. Nix
5.0 out of 5 starsVerified Purchase
Simple Path, Fun Writing, Life Changing Results
Reviewed in the United States on January 4, 2018
Cannot recommend this book enough. I''m ordering copies for everyone I care about. Not only is the path simple, but the writing is fun and easy to read. I never dreamed a personal finance book could fit either of those descriptions. Collins argues, with lots of backup, that... See more
Cannot recommend this book enough. I''m ordering copies for everyone I care about. Not only is the path simple, but the writing is fun and easy to read. I never dreamed a personal finance book could fit either of those descriptions. Collins argues, with lots of backup, that the simple way to invest (Vanguard index funds) is also the most effective and profitable way to invest. This book makes the path to financial independence clear and easy to follow. You just need to find the fiscal discipline and psychological fortitude to stay the course. This book is changing my life and giving me a true sense of optimism and security.
62 people found this helpful
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thehappywayfarer
5.0 out of 5 starsVerified Purchase
If you only read one investing book, make it The Simple Path to Wealth
Reviewed in the United States on January 7, 2017
I just finished A Simple Path to Wealth and I have only one criticism. I wish it had been written it in the late 1970s when I graduated from high school. Other than that, it’s perfect. I came to very much the same conclusions but it took me almost forty years and tens of... See more
I just finished A Simple Path to Wealth and I have only one criticism. I wish it had been written it in the late 1970s when I graduated from high school. Other than that, it’s perfect. I came to very much the same conclusions but it took me almost forty years and tens of thousands of dollars of so called financial planner fees to get there. Thanks to the author for such a succinct guide.

My stepsons, nieces and nephews will be receiving a copy to go along with Jacob Fisker’s Early Retirement Extreme and George Clason’s The Richest Man in Babylon. The rest of my investing library is going to the used book store and the proceeds into VTSAX.
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Top reviews from other countries

Garry Pope
5.0 out of 5 starsVerified Purchase
Simplicity on every page
Reviewed in the United Kingdom on August 30, 2019
J. L. Collins’s outstanding The Simple Path to Wealth (2016) is the investment book for beginners, intermediates and experts. Collins’s message is to find financial freedom: the ability to never work again, if you don’t want to, and have enough money “F-you money” that your...See more
J. L. Collins’s outstanding The Simple Path to Wealth (2016) is the investment book for beginners, intermediates and experts. Collins’s message is to find financial freedom: the ability to never work again, if you don’t want to, and have enough money “F-you money” that your investments provide appropriate income for you to retire early and live comfortably. The book’s majority focuses on a simple investment strategy. Collins’s simple strategy is all an investor ever need. He also provides clear, pithy advice on how to live, such as “Avoid debt”. Simple yet telling. What surprised me most, and what I benefited from the most, was his reassuring view to the behaviour of investing. He tells the truth at every stage, and doesn’t pull any punches, such as the market will drop, and you will see your investments half. But, as always, he’s the anchor of sanity, and says we need to hold our nerve when that happens, to actually buy more during those downturns and ride out the bad times, as the good times come a lot more often and provide great returns. The highlight here is Collins’s experienced, uncle’s voice. He writes in a way that is friendly and smart. A voice to trust. Collins’s been there, made the mistakes, dusted himself off and seen the light; it’s almost as if he took the hard route in order to pass on his knowledge so that we don’t need to make the same mistakes, and we can follow him on the right path. The Simple Path to Wealth is a rare book that is both thoroughly enjoyable and wise in its teaching. I adored reading every word and learning everything I need to know about investing in the stock market. I’d recommend this book to everyone, but especially people who say, “I know nothing about stocks and shares.” All they need to do is read this short book and follow its simple message. A superb book in a sea of unhelpful, impenetrable finance books.
24 people found this helpful
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Steve T.
4.0 out of 5 starsVerified Purchase
Great book!
Reviewed in the United Kingdom on February 28, 2020
I first heard of this guy after stumbling across an interview he did with ''Google Talks'' or something like that on YouTube and I really liked his demeanour and straightforward but friendly advice on investing. So I checked out his blog site and ordered the book. As someone...See more
I first heard of this guy after stumbling across an interview he did with ''Google Talks'' or something like that on YouTube and I really liked his demeanour and straightforward but friendly advice on investing. So I checked out his blog site and ordered the book. As someone who is brand new to investing, it''s really refreshing to read such an engaging book that although is very US-centric in parts, still holds some very valuable information and advice for those starting out or even more seasoned investors. Collins'' style is warm, witty and engaging and I will certainly be revisiting this again. Well worth your ''investment'' :-)
12 people found this helpful
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PW3
5.0 out of 5 starsVerified Purchase
The only book you need for personal investing.
Reviewed in the United Kingdom on January 29, 2020
You have to bear in mind that this book was written with U.S. investors in mind, but the principles are the same. (Obviously ignore the chapter on tax as UK rules will be totally different) It''s written in very simple terms and is easy to understand for the non professional...See more
You have to bear in mind that this book was written with U.S. investors in mind, but the principles are the same. (Obviously ignore the chapter on tax as UK rules will be totally different) It''s written in very simple terms and is easy to understand for the non professional investor. It makes you realise you can invest very successfully, very cheaply, and with very little hassle, without having to be an expert, and without having to continually monitor your investments. In fact it becomes quite clear that the less you monitor / fiddle the better your outcome is likely to be.
13 people found this helpful
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Alex
5.0 out of 5 starsVerified Purchase
Financial Independence bible
Reviewed in the United Kingdom on July 14, 2019
Amazing book - a thoroughly enjoyable read and the most comprehensive guide to investing and financial independence. JL Collins genuinely wants to impart his years worth of investing knowledge to make life more rich and secure for all. I wish I had read this book years ago,...See more
Amazing book - a thoroughly enjoyable read and the most comprehensive guide to investing and financial independence. JL Collins genuinely wants to impart his years worth of investing knowledge to make life more rich and secure for all. I wish I had read this book years ago, but feel so fortunate that I''ve read it at all. As others have mentioned, it''s very US focused, but the principles hold well and if you follow them your life will absolutely be better off for it.
12 people found this helpful
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Joseph Buhagiar
4.0 out of 5 starsVerified Purchase
A starter book for the do-it-yourself investors who want to built their own wealth
Reviewed in the United Kingdom on March 28, 2020
You will realize that being wealthy do not require to have large sums of money. All it is needed is to have the courage and conviction to save more than you spend in the years towards retirement. As said in the book, it’s not an easy task to do to go against all the...See more
You will realize that being wealthy do not require to have large sums of money. All it is needed is to have the courage and conviction to save more than you spend in the years towards retirement. As said in the book, it’s not an easy task to do to go against all the psychological forces around us and to overcome the emotional inner self that discourage us to be frugal and not spend and stay out of debt but save and put money in financial instruments that help our wealth to grow. However, agreeing or not, it is the only path to financial freedom. It’s up to us, it’s our choice!
6 people found this helpful
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