It’s a welcome and refreshing introduction to the topic that even those with experience will get value from. 1 Review. $15.99. You'll never find a wiser advisor with a bigger heart." Ive now read quite a few books on personal finance and this will likely become my go-to recommendation for family and friends who are looking for an introduction to building wealth. This book helped to reaffirm and clarify my personal financial values. THEEEEEEE SIMPLE PATH TO WEALTH!!!! - Avoid fiscally irresponsible people and do not marry them. So simple it is concerning how much financial managers profit off our ignorance. Are the ideas depicted revelant to people living in dveloping coutries like India ? 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. He recommended I read this book and goodness I wish I had sooner. You can still see all customer reviews for the product. The book provides a cohesive and complete framework for how to get started in the world of investing, making this a perfect read for investing beginners or anyone daunted by the ocean of investing information out there. Financial literacy is so often taken for granted. The last novel I read was probably required reading during a high school literature class. To calculate the overall star rating and percentage breakdown by star, we don’t use a simple average. Thriftygal’s Review: The Simple Path to Wealth. I know why Vanguard's VTSAX and its low expense ratio are the best choice. You'll never find a wiser advisor with a bigger heart. Not extremely helpful for a 40 something with a family. Cannot recommend this book enough. It should be required reading for all college students. I enjoyed this and it's coming at a good time in my life :) I listened to this on Audible and enjoyed the narration as well. Could it live up to the hype? The Simple Path to Wealth can be summarized in these simple steps: Avoid debt. If you would love to read it, try your local library or you can buy it here via my link to Book Depository. The kind of person who reads this book is the kind of person who already knows about the concept of financial independence, index funds and the "4% rule." 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. After more than a decade investing, I decided to read The Simple Path to Wealth. 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). 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 digging through Ukrainian investing tax laws. Paperback. JL Collins Simple Path to Wealth Portfolio ETF Pie for M1 Finance. Every few years it's good to re-read your favourite personal finance book (for me: Overall, this was an excellent read. Once in a while, I talk about spending that hard earned eBay profits. The Wealth Accumulation Stage comes while you are working, saving and adding money to your investments. Prime members enjoy FREE Delivery and exclusive access to music, movies, TV shows, original audio series, and Kindle books. This will be an annual read for me for sure. The author and fellow personal finance blogger JL Collins really delivered on the promise of the title. Some insights from the book include partnering with Spirit or CSO as she calls it. The Simple Path to Wealth. In 2011, he wrote a series of letters to his daughter about money and investing; which morphed into jlcollinsnh.com and led to this book. The Simple Path to Wealth Book Review. As they catch up, the portly minister (in his fine robes) takes pity on the thin and shabby monk. There are so many things that he explains that I wish I would have known ten years ago. I had never heard of JL Collins until Kindle Unlimited was offering his book in September. If you really want a simple & effective investment – VTSAX or VFIAX. Posted on December 31, 2019 by HopeToRetire. Only other book in that category is Atomic Habits. With this book, JL Collins cements his status as a pillar of the personal finance world. In 2008 I was taking a finance class in college watching the market burn to the ground. March 23, 2019; zero comment ; I feel like everyone knows that in order to have a descent retirement (or a retirement at all) you need to have some type of investment vehicle to supplement your retirement spending. The Simple Path to Wealth by JL Collins. However, you will have to adapt. CreateSpace Independent Publishing Platform, Jun 18, 2016 - Finance, Personal - 286 pages. Not only is this friend willing to share the way, it’s is not even a scam or get rich quick scheme. Collins is considered by many to be the primary textbook of those seeking financial independence. The only catch is that he is an American writing for Americans, about US products, rules, and situations. Gen Y Finance Guy June 22, 2016 Book Review 6 Comments. The Simple Path to Wealth takes a complicated topic like investing and makes it as simple as the name suggests. I feel so much more comfortable with my financial future now. I love everything he teaches and follow it closely. • think long-term • live below your means Read honest and unbiased product reviews from our users. Each topic is laid out in a very basic and straightforward way. And it is something done quite well. I have a long list of things I love about retirement (of course) and consistently near the top lies “the ability to stay up as late as I want whenever I want.” If I find a book that’s engrossing, I can finish it – no delayed gratification like those annoying cliffhangers on television. Years later they meet. 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. by jlcollinsnh.com. One of the things I don’t cover much is retirement. So simple it is concerning how much financial managers profit off our ignorance. I find I agree with most of his thinking. May 29, 2020. He really did that!!! Book Review: The Simple Path to Wealth by JL Collins. A must-read!! “The Simple Path to Wealth PDF Summary” Even kids, broadly speaking, get the drift of what’s going on with the world, and how money is the great influencer. Audio MP3 on CD. Thanks to the author for such a succinct guide. -- Malachi Rempen: Filmmaker, “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. JL boils down the concepts of personal finance into a very simple, yet powerful, approach. I'll save you some money and spoil this. It covers debt, savings, investing, and strategies for retirement in a way that’s clear and easy to understand. Collins My rating: 4 of 5 stars The reason why this book so great is because 1) It is simple 2) It is prescriptive 3) and the author shows courage to take a stand on achieving financial independence through stock markets. This year, I’m thrilled to report that both my husband and I have just early retired at 45 and 47 respectively. June 17th 2016 Read this book then give it to someone struggling or boasting about this stock or that one. Like those of us that are in our 40's or 50's. If something were to happen to me and I needed to leave one financial tool to my kids, it would be this book. That said, if you are completely green to the topic, you will likely still want to do some of your own basic orientation to the differences between managed mutual funds, index funds, and the differences between stocks and bonds. Here’s a breakdown of what … Collins lays out complicated things, like investing, into very simple terms and makes it easy to understand. Very America finance focused, but that was disclaimed beforehand. Super readable book, approachable and fun tone. Having read JL Collins’ The Simple Path to Wealth, and his rationale for a 100% stock portfolio in your early-to-mid career years, I was confident with my answer, and it was reassuring to hear the experts speak affirmatively.. My dentist friend from Debt Free Dr has also read the book, and today he shares his review and overview. The Simple Path to Wealth by J.L. Here at Flipping a Dollar, I talk about ways that I make money and build wealth. Refresh and try again. A book that doesn't tell you the "secret way" of getting rich fast. Making your money work for you shouldnt be complicated and the rationale behind his reasoning is pretty solid. I read 50-60 books per year on average, almost 50% of those are in the finance realm. It feels nice to be somewhat financially literate now and to know whats ahead of me. He recommended I read this book and goodness I wish I had sooner. I'm ordering copies for everyone I care about. I'll save you some money and spoil this. It's an easy-to-understand primer on stock-market investing — and financial independence. The Simple Path to Wealth by J.L. I’ve seen many people describe them as the best series on investing they’ve ever read.It is mostly an investing book (which may limit its attempt to crack the top 5 — see below for comments) but als… Amazing. But I wish he would have included more scenarios of people midway through their investing careers. 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. The author is insightful and easy to follow along with, even when things start to get a bit technical in later chapters. I am so grateful for J.L. As for me, it is better to be closer to the monk.”. The author is insightful and easy to follow along with, even when things start to get a bit technical in later chapters. Reviewed in the United States on September 7, 2016. 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. JL Collins really lays this down in the most simple, easy to digest way possible. 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. 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. This gives us quite a bit of financial freedom but also gives us pause: what do we do with our income now? Read this book if you want to get your personal finances in order. Freedom to do what you want and to work for whom you respect.”, “A parable: The Monk and the Minister Two close boyhood friends grow up and go their separate ways. March 17, 2020 / Tweet. This will definitely become the go-to book recommendation for friends who ask me for $ advice. Let me say this again because I am not just writing these words to sensationalize this post but this book has changed my life and more so my thinking. It is written in plain enough language that even those with limited experience in investing can understand. This might work for a single person or a couple with only one child like he has but not for most people. 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. Reviewed in the United States on July 14, 2019. The Simple Path to Wealth. I’ll occasionally pick up a biography, history, or business book. I found it to be a quick read full of thoughtful insights. The general principles are relevant, in terms of how to think about investing, and which specific funds to invest in. I’ve never been much into reading books. JL Collins is essentially a "Boglehead", and he admits that Jack Bogle is his personal hero. Simple Path, Fun Writing, Life Changing Results, Reviewed in the United States on January 4, 2018. Only other book in that category is Atomic Habits. I always thought finances, investing and the stock market are an extremely boring topic, and that most things written about it only apply to the US. - … We’d love your help. Thank you to all my subscribers who entered. If you could read just one book about investing and gaining financial independence, it should be this one. 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