I just finished reading “The Simple Path to Wealth” by JL Collins.
This is the best book on Financial Independence I have read to date. Highly recommended!
Who Should Read This Book?
- Anyone who is curious about financial independence
- Millennials who want to understand how best to manage their financial life
- Anyone with an interest in investing and growing their wealth
- Mature investors (like me) seeking to correct financial mistakes
Do we really need ANOTHER book about investing?
It turns out, we do.
This book was written for the 99%… the “normal” working person who doesn’t geek out on tax loss harvesting and portfolio analysis. This book grew out of Mr. Collins’ desire that his daughter (and, by extension, others like you and I) enjoy a “Simple Path to Wealth”.
Investing, the right way, should be:
If not investing, what is this book about?
This is more than a book on simple, profitable investing. It lays out a simple path to Financial Independence.
The plan is simple to understand, but challenging to execute.
The plan is:
- Avoid debt
- Live below your means
- Invest wisely
- Avoid lifestyle creep
This plan is challenging for several reasons:
- Buy and hold investing requires that you keep emotions in check
- Our human instincts will want us to do the opposite of what we should do
- Consumerism in modern Western culture works against us at every turn
JL Collins walks the reader through navigating these common pitfalls and more. Without getting too deep into the financial weeds or using financial terms you don’t understand, he will guide you to a place where you will never have to worry about money again. It doesn’t require specialized knowledge. You can set it and forget it.
Financial Independence, after all, is not about money. It is about freedom… the freedom to spend your time, energy and resources doing the things that you value.
What will your ideal life look like when you are no longer a slave to your debt?