I really enjoyed reading The Simple Path to Wealth. The Poor Swiss, Path to Independence - A Swiss Book about FIRE. I just finished YMOYL and The millionaire next door. The author argues that investing in the U.S. stock market is enough since many of these companies are doing business in other parts of the world. I’ll occasionally pick up a biography, history, or business book. Millionaire next door could have been written in 1/10 as many pages. A photo posted by Go Curry Cracker! But then, he made a lot of money with simple passive investing. Posted on December 31, 2019 by HopeToRetire. In 2017, he realized that he was falling into the trap of lifestyle inflation. Book Review. Read this book if you want to get your personal finances in order. Traveling Mailbox Review – Snail Mail & Paper Checks in the 21st Century, Retirement Has Already Cost Us At Least $5 Million. Book Review: The Simple Path to Wealth by JL Collins. His accessible, well reasoned investing philosophy provides a clear path to success for every investor. Congrats on being in Italy. I’ve been following Jim Collins, who blogs at www.jlcollinsnh.com, for about two years now. Thanks for telling us about the financial App, Personal Capital. Where are you guys at these days? In 2019, he is saving more than 50% of his income. You only need a very small number of ETFs to have great returns on the stock market. I’ve never been much into reading books. What did you think of it? 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. While this number may be the reality, it is too high for people to expect in the future. With this book, JL Collins cements his status as a pillar of the personal finance world. The Simple Path to Wealth by JL Collins. I think it is not a good idea to base any calculation on an 11.9% yearly return. Why then is my list of recommended books so short? And then … Continue reading "The Simple Path to Wealth (book review)" Love this site! Still. I do not think it would be complicated to adapt it to Swiss investors. Read honest and unbiased product reviews … Reviews of The Simple Path to Wealth; gone for summer June(2) The Simple Path to Wealth is now Published! 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. Thriftygal’s Review: The Simple Path to Wealth By Thriftygal | June 20, 2016 21 Comments I have a long list of things I love about retirement (of course) and consistently near the top lies “the … Unfortunately, we didn’t make it to Venice while we were in Italy, but it’s a place we’ll look forward to visiting in the future. (@gocurrycracker). I loved how the Hardy Boys and Sherlock Holmes discovered the truths hidden behind deception and clever disguise, and the worlds where magic and sorcery were more powerful than science. Book Review: The Simple Path to Wealth by JL Collins June 19, 2016 By Al 1 Comment Of all topics we’ve written about on Saving the Crumbs, the one we probably get asked about the most is investing. Either it’s a fantastic book, or it has a powerful marketing plan! This book looks fantastic! by JL Collins. Thus, the JL Collins Simple Path to Wealth … I had never heard of JL Collins until Kindle Unlimited was offering … But I am sure I want to have the freedom to do it if I choose! Of course, the part about retirement would not work well. It’s nice. Both of those books are boring, although YMOYL is a good foundation for how to think about money. I could have saved tens of thousands of dollars in taxes, which could have compounded for me and I would have been much better off as a result. When you have this money, you have the freedom to quit your job or change. The Simple Path to Wealth is a rare book that is both thoroughly enjoyable and wise in its teaching. Congrats on influencing your school district! A large part of childhood was spent with my nose firmly between the pages of one tome or another. J. L. Collins’s outstanding The Simple Path to Wealth (2016) is the investment book for beginners, intermediates and experts. 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 11.9% is indeed the return on the 40 years that the author took as an example. Posted on December 31, 2019 by HopeToRetire. “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. Whenever my mind grabbed hold of a new interest, it was the library that enabled me to share the experience and knowledge of my elders and superiors. I devoured it in several weeks. There is also a chapter specifically for non-US investors. Overall, The Simple Path to Wealth is an excellent book. In finance writing and industry, complexity is preferred to simplicity. Your email address will not be published. A fellow boglehead here. I enjoyed reading The Simple Path to Wealth and will recommend it to friends and family. He made several investing mistakes (we all do) at the beginning of his journey. One of my great childhood dreams has been to write a book and see it make the GCC list of recommended books. 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 … 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. I feel like the author strikes an excellent middle ground here. I have approx $4k saved up in a savings account. Here’s a breakdown of what the book covers and which parts stuck with me. JL Collins recently released his first book, The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life. 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. I have recently ordered a few more non-fiction books, and I have just finished The Simple Path To Wealth. I’ll order this book from Amazon. 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 … I had never heard of JL Collins until Kindle Unlimited was offering his book in September. But this is standard information that you can find all over the internet. The book will do an excellent job of convincing you to invest in the stock market. I am writing a book. During the wealth accumulation phase, the author recommends saving as much of your income as you can, ideally 50% or more. So long story short I reached out to my network and to my surprise, even with all the varying opinions and styles, everyone came back to me with a unanimous suggestion: “Read The Simple Path to Wealth.” So I added it to my list of books to read in 2018 and decided it had to be #1. This is like the 4th blog I read that’s recommended this book in the past couple days. If you want to achieve financial independence, a simple path to wealth is an excellent path to wealth. 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. The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life. He wrote this book in 2016, several years after having started his blog. Start thinking about what your money can earn. Collins lays out complicated things, like investing, into very simple terms and makes it easy to understand. And this is almost everything there is to the strategy. Still. It is an easy read, and I highly recommend it. Collins is not yet a household name for most people. J L Collins starts by explaining that money bring pressure to bear on people, but not all of us … Overview. The Simple Path to Wealth is a quick and joyful read that leaves complexity at the wayside, explaining the process of investing and wealth building in a way that is both simple and easy … Get personal finance tips that will help you towards Financial Independence, for free! I am looking forward to reading Mr. Collins book, his stock series really de-mystified investing for me. Here's my review of the book. It’s not every day you receive an advanced copy of a book on building wealth and are then asked to read and publicly review the book. The value of simplicity in investing is very high. If you follow it through, you should get excellent results. This will be a go to gift too (I reviewed the book for Jim as well.). This book is about having enough FU-money. But I’ve been on page 1 for at least a year… so it will be a (long) while. Nice review, Jeremy. For these investors, Exchange Traded Funds (ETFs) are a good alternative. Totally agree. That JL Collins is a clever chap. Jim is the author of the JL Collins blog. Had this book been available 15 years ago, it would have certainly accelerated our own path to a rich, free life. They also helped with my insomnia. His simple, direct, and low impact investing style has changed how I invest. April(3) Cool … It is not too formal yet not too informal, either. During the accumulation phase, it is really the only fund you will need. I am still not entirely sure I will want to retire early. 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. December 4, 2017 June 10, 2019 / salaryoptional. It shows you how simple it can be to start building wealth, all on your own, without all of the fees. 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 … Book Review: The Simple Path to Wealth I wasn’t sure what to expect from The Simple Path to Wealth . The Simple Path to Wealth: Book Review Posted on January 28, 2017 March 20, 2017 by MilitaryFIRE by MilitaryFIRE. Collins is not yet … Glad you like it! I adored reading every word and learning everything I need to know about investing in the stock market. (@gocurrycracker) on Jun 20, 2016 at 5:31am PDT. #deepthoughts. Had this book been available 15 years ago, it would have certainly accelerated our own path to a rich, free life. Forgetting your brokerage account password is a good start. Collins is considered by many to be the primary textbook of those seeking financial independence. But expecting anything like 11.9% on average is foolish at best. I liked many things about it. Everyday low prices and free delivery on eligible orders. We just reached $200K mark! Congrats on hitting $200k! The Simple Path to Wealth (this is an uncompensated review… He decided to cut on his expenses and increase his income. The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life. The Simple Path to Wealth by JL Collins. And this should reflect on the performance of the stock market. Wow, what a great picture! 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 … The author recommends investing in Vanguard mutual fund VTSAX. And perhaps most egregious of all crimes, the writing is terribly dull. If I had this 15 years ago, I would have FI’d 5 years ago (or earlier) – not just last month! I’ve read a lot of books in my day. On top of that, the author will explain how to make good use of the various retirement accounts available in the U.S. Help Wanted: The Book March(1) There’s something that would help the average investor! The author itself does not diversify internationally at all. The Simple Path to Wealth is a quick and joyful read that leaves complexity at the wayside, explaining the process of investing and wealth building in a way that is both simple and easy to implement. If you stay up long enough to watch television late into the night you will see all kinds of infomercials for real estate deals or buying gold or whatever. “Remember that nobody will care for your money better than you” (p.101). July 8, 2020. This simple strategy is based on investing aggressively in mutual funds. In a simple, engaging way, Collins shares the basic wisdom you need to make your money work for you, not against you. We tried for Vanguard but had some snags. The author is really honest about his mistakes in this book. So beautiful there! Have you read “a random walk down wall st”? The return on the performance of the personal finance books and review it… there is to keep his Simple! 1/10 as many pages a year… so it will not make a huge,... Your asset allocation is tied to those phases and how to think about investing and early retirement, I to. Heavy beer drinker when they are going too deep the focus on freedom Tako to read review. 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