Not only is the path simple, but the writing is fun and easy to read. It is written in plain enough language that even those with limited experience in investing can understand. One of the things I don’t cover much is retirement. Share. The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life. I had never heard of JL Collins until Kindle Unlimited was offering his book in September. Overall I think the advice given in this book is helpful and easy to understand. 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. Reviewed in the United States on January 1, 2018. The Simple Path to Wealth: Your road map to financial independence and a rich, free life. Book Review: The Simple Path to Wealth I wasn’t sure what to expect from The Simple Path to Wealth . Good but still missing some info and a little bit unrealistic. Ive been on the FI path for about 5 years so this didnt have any new information per se, but I still enjoyed reading it and it helped me realize there are still minor mistakes/sub-optimal choices Im making and need to clean up. JL Collins really lays this down in the most simple, easy to digest way possible. His accessible, well reasoned investing philosophy provides a clear path to success for every investor. However, you will have to adapt the advice about how to use American retirement accounts to whatever the available corresponding accounts are under Indian law. 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. It feels nice to be somewhat financially literate now and to know what’s ahead of me. Lastly the vast majority of us are going to have to buy index funds from other companies other than vanguard. The Simple Path to Wealth review. What do you do? Reviewed in the United States on October 5, 2016. The book is The Simple Path to Wealth: Your road map to financial independence and a rich, free life.It’s written by JL Collins who has a blog of his own.The book originates from a series of investment posts Collins initially wrote on his blog. Collins, the author (part two of the interview is here). Book Review. Avoid. If something were to happen to me and I needed to leave one financial tool to my kids, it would be this book. You'll never find a wiser advisor with a bigger heart. I used to have to listen to Remy and Tim and Mitch and Jeremy bang on about investing while I was trying to actually create something beautiful while painting at the dining table instead of the absolutely pointless, complex, exclusive, cold, unsexy, fairytale money. As a result, Jim (I’m going to refer to him as Jim since I’ve listened to the audiobook he narrates so many times, I feel like I know him) has become one of the key figures in the FI community. CreateSpace Independent Publishing Platform, Jun 18, 2016 - Finance, Personal - 286 pages. Book Review: The Simple Path to Wealth I wasn’t sure what to expect from The Simple Path to Wealth. I just finished A Simple Path to Wealth and I have only one criticism. I'm absolutely hooked! Literally gained thousands of dollars after following this advice, Reviewed in the United States on December 20, 2017. Book Review: The Simple Path to Wealth by JL Collins. Could it live up to the hype? I took it out from the library. 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. Read more . Every few years it's good to re-read your favourite personal finance book (for me: Overall, this was an excellent read. If you only read one book on personal finance, The Simple Path to Wealth by JL Collins is a solid guide on the mentality and skills that anyone can use to take responsible ownership of their financial future. I'll save you some money and spoil this. By Thriftygal | June 20, 2016. So I was caught completely off guard with this book wanted to read a few chapters out of curiousity, but ended up devouring the whole book in a few days, learning more about personal finance than in my whole life up to this point and sending myself into a rabbit hole of blogs, forums, wikis and podcasts about financial independence, and even. Book Review: The Simple Path to Wealth. It is highly recommended on many of the podcasts I listen to and blogs that I read, and I thoroughly enjoyed this interview with J.L. The Simple Path to Wealth - Book Review The Simple Path to Wealth by JL Collins The Simple Path to Wealth is an easy to read book that outlines one of the best plans to get to financial independence that I have seen. His simple, direct, and low impact investing style has changed how I invest. His accessible, well reasoned investing philosophy provides a clear path to success for every investor. May 29, 2020. Read this book then give it to someone struggling or boasting about this stock or that one. Other than that, it’s perfect. However, you will have to adapt. You can still see all customer reviews for the product. It feels nice to be somewhat financially literate now and to know whats ahead of me. Utilizing the power of the spoken word in the form of affirmative gratitude statements in "already achieved state" by writing the statements in a journal and every morning going over them and declaring them is an important practice she recommendeds. Audio MP3 on CD. D.J. Here is the simple path to wealth book review: I really enjoy this book and would highly recommend it to anyone who wants to become wealthy in the simplest way possible. The Simple Path to Wealth Review. Instead, our system considers things like how recent a review is and if the reviewer bought the item on Amazon. You'll never find a wiser advisor with a bigger heart." This will definitely become the go-to book recommendation for friends who ask me for $ advice. June 19, 2016 By Al 1 Comment. Super readable book, approachable and fun tone. I detailed why I awarded the author five stars. Stop fiddling and follow the simple path to wealth! I'm ordering copies for everyone I care about. It is written in plain enough language that even those with limited experience in investing can understand. With this book, JL Collins cements his status as a pillar of the personal finance world. Making your money work for you shouldnt be complicated and the rationale behind his reasoning is pretty solid. I'll save you some money and spoil this. Do you think you might be able to build wealth more easily by doing a few simple things yourself? As for me, it is better to be closer to the monk.”. I understand the math behind 8% interest and 4% safe withdrawal rates. Here’s a breakdown of what … “There are many things money can buy, but the most valuable of all is freedom. Now I have read a book about it. He recommended I read this book and goodness I wish I had sooner. Your recently viewed items and featured recommendations, Select the department you want to search in. The Simple Path to Wealth is probably the top book I’d recommend if you are interested in long term investing success. [Book Review] – The Simple Path to Wealth. 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. I had the honor of reviewing an advance copy of the manuscript and the personal finance geek in me couldn’t resist the opportunity to devour this in a single sitting. The Simple Path to Wealth (book review) “The Simple Path to Wealth” is the book by Jim Collins, that compiles and re-organizes everything in his Stock Series posts from the blog he started few years ago to teach his daughter about finances. The Simple Path to Wealth: Book Review Posted on January 28, 2017 March 20, 2017 by MilitaryFIRE by MilitaryFIRE. There's a problem loading this menu right now. About two years ago, when I realized I had F- Yeah money, it transformed the way I approached work. And yes I know he did sort of mention it but more as a blanket statement for all other investing firms besides Vanguard. Amassing "fuck you money" has never seemed so possible! The Simple Path to Wealth giveaway was a great success and congratulations to our winner who won a copy of the book. Collins is a great introduction to money management and financial independence. JL Collins really lays this down in the most simple, easy to digest way possible. 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. Your investments are then left to grow and/or are called upon to provide income for you.” Most people think of their financial life in terms of age. Not only is this friend willing to share the way, it’s is not even a scam or get rich quick scheme. Now a couple years into my 30s (and thoroughly freaked out at where the time has gone), I've finally gotten to a point where I'm willing to budget (a word that made me cringe before) and plan for a future that doesn't have me doing what I've spent the last 10 years trudging through. The Simple Path to Wealth is a new book by JL Collins, who writes the excellent blog of the same name.. It’s clear, easy to read, well-researched, and interesting.He has a fantastic chapter on investment advisors. I say the knowledge of FIRE (financial independence retire early) gives compound interest a run for its money. It's a little unclear what his advice is for ratios of stocks v/s bond for our age group. Hedging against disaster is part of the path to wealth. Here’s a breakdown of what the book covers and which parts stuck with me. This book helped to reaffirm and clarify my personal financial values. Book Review: The Simple Path to Wealth by JL Collins. 21 thoughts on “ Thriftygal’s Review: The Simple Path to Wealth ” Kraken Fireball June 20, 2016 I loved JL Collins’ stock series and I forward it to everyone who asks me for investment advice. Pin 2. This book helped to reaffirm and clarify my personal financial values. I am so grateful for J.L. Seeking to help, he says: “You know, if you could learn to cater to the king, you wouldn’t have to live on rice and beans.” To which the monk replies: “If you could learn to live on rice and beans, you wouldn’t have to cater to the king.” Most all of us fall somewhere between the two. The Simple Path to Wealth provides extraordinarily simple and highly actionable personal finance and investing advice that can be implemented by almost anyone. I really enjoyed this. It is highly recommended on many of the podcasts I listen to and blogs that I read, and I thoroughly enjoyed this interview with J.L. This page works best with JavaScript. Some insights from the book include partnering with Spirit or CSO as she calls it. Découvrez des commentaires utiles de client et des classements de commentaires pour The Simple Path to Wealth: Your road map to financial independence and a rich, free life sur Amazon.fr. I'm dreading the passing of another decade where I'm still doing the same thing with no end in sight. There are so many things that he explains that I wish I would have known ten years ago. Have you ever been paralyzed by indecision while deciding how to choose the best investments in your 401k? It’s a welcome and refreshing introduction to the topic that even those with experience will get value from. J. L. Collins’s outstanding The Simple Path to Wealth (2016) is the investment book for beginners, intermediates and experts. 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