I know why Vanguard's VTSAX and its low expense ratio are the best choice. I find I agree with most of his thinking. So right away, Jim brings a certain trust factor that most investing advice doesn’t have. Simple Path to Wealth JL Collins Book Review. I'm dreading the passing of another decade where I'm still doing the same thing with no end in sight. I bought this book for two important reasons: it was self-published and the author’s persistent reference to Jack Bogle’s genius. Thus, the JL Collins Simple Path to Wealth Portfolio is … It’s a welcome and refreshing introduction to the topic that even those with experience will get value from. The Simple Path to Wealth (this is an uncompensated review, by the way). The kind of person who reads this book is asking themselves if they will be able to retire a millionaire in their 30s or if they will have to wait until their 40s. Read more . You'll never find a wiser advisor with a bigger heart.” -- Malachi Rempen: Filmmaker, cartoonist, author and self-described ruffian. Now that Im done reading The Simple Path to Wealth by JL Collins, I feel confident in recommending it to any and everyone. J L Collins starts by explaining that money bring pressure to bear on people, but not all of us … December 4, 2017 June 10, 2019 / salaryoptional. The Wealth Accumulation Stage comes while you are working, saving and adding money to your investments. I really enjoyed this. THEEEEEEE SIMPLE PATH TO WEALTH!!!! Audio MP3 on CD. 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. Collins suggests one needs only one index fund – the total U.S. stock market – for that path, allowing you to be fully diversified across all sectors and cap sizes. I can't even imagine the impact of those changes a few decades down the road. Reviewed in the United States on October 28, 2018. Read this book then give it to someone struggling or boasting about this stock or that one. The general principles are relevant, in terms of how to think about investing, and which specific funds to invest in. Especially those who are still in debt. Very America finance focused, but that was disclaimed beforehand. Bill Gates Picks 5 Good Books for a Lousy Year. This will definitely become the go-to book recommendation for friends who ask me for $ advice. Just a moment while we sign you in to your Goodreads account. A year ago, I moved to part-time. Do you think you might be able to build wealth more easily by doing a few simple things yourself? Nor does it tell you the way of picking the best stocks that will fly to the moon. I’ve been on the FI path for about 5 years so this didn’t 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 I’m making and need to clean up. Cannot recommend this book enough. THEEEEEEE SIMPLE PATH TO WEALTH!!!! Over dinner a few months ago, I asked a colleague what should you invest in? Albert Einstein called compound interest is the most powerful force in the universe and the greatest mathematical discovery of all time. Meetings were no longer stressful, crises of the day seemed ridiculous. The Simple Path to Wealth takes a complicated topic like investing and makes it as simple as the name suggests. 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. Over dinner a few months ago, I asked a colleague what should you invest in? I understand the math behind 8% interest and 4% safe withdrawal rates. JL Collins really lays this down in the most simple, easy to digest way possible. 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. 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. I took it out from the library. Often, it is ignored and avoided as a topic of conversation, but Jim Collins outlines the basics for anybody interested in taking control of their own financial education. I really wish I had read this book a few years earlier and highly recommended to everyone. Of all topics we’ve written about on Saving the Crumbs, the one we probably get asked about the most is investing. I read his blog from beginning to end once and then just his Stock Series a second time. Simple Path to Wealth JL Collins Book Review. JL Collins. It's not really about gaming the system or getting out of debt or complicated investment strategies and such. This will be an annual read for me for sure. 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. He has been an investor since 1975. Well… This book has changed my life. Amassing "fuck you money" has never seemed so possible! [Book Review] – The Simple Path to Wealth. Paperback. In 2008 I was taking a finance class in college watching the market burn to the ground. Ship This Item — Qualifies for Free Shipping Buy Online, Pick up in Store Check Availability at Nearby Stores. This means you no longer have to worry about the next stock market crash or try to find the next Apple or bitcoin. If you’ve read JL Collins’ Stock Series, much of The Simple Path to Wealth will seem familiar, if not more refined. Pin 2. The Simple Path to Wealth. Thank you Mr. Collins! 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. Yes we do have a Roth IRA and a regular IRA (from rolling over from a past employer) in vanguard but the bulk of our money is stuck at Merril Lynch because it is my husbands 401k from work. He really only did one for a 20 something single guy just starting out. The Simple Path to Wealth can be summarized in these simple steps: Avoid debt. Very useful. 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. J. L. Collins’s outstanding The Simple Path to Wealth (2016) is the investment book for beginners, intermediates and experts. There are so many things that he explains that I wish I would have known ten years ago. You’ll walk away with a practical toolkit to achieving financial freedom with minimal effort. Overall I think the advice given in this book is helpful and easy to understand. The Simple Path to Wealth: Your road map to financial independence and a rich, free life. “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 Path to Wealth by May Mccarthy was a worthwhile read. If you only read one investing book, make it The Simple Path to Wealth, Reviewed in the United States on January 7, 2017. The entire focus of the book is to keep investing as simple as possible. Save half your money, avoid all debt, and invest in vanguard index funds.what irritated me about this book is there is no plan if you're older if you've never been able to save money because you couldn't afford it and you started investing late in life and don't have a lot of time to save for retirement. Those answers aren't in this book but the core philosophies are sound. We’d love your help. 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. Other than that, it’s perfect. I only differ in one respect, which I will discuss below. I really enjoyed this. 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