The Simple Path to Wealth
The Simple Path to Wealth is a popular reference among those passionate about achieving financial independence and adopting a straightforward approach to investing and managing their money. Author JL Collins shares the basic wisdom you need to make your money work for you, not against you. The book is a must-read for everyone looking for a practical yet effective strategy for building wealth over the long term.
LEARN:
The importance of F-You Money
How to invest in a raging bull, or bear, market
Where traditional investing advice goes wrong, and what actually works
Why I can't pick winning stocks and you can't either
Why the stock market always goes up... and why most people still lose money investing in it
EXPLORE:
Debt: Why you must avoid it and what to do if you have it.
The importance of having F-you Money.
How to think about money, and the unique way of understanding this is key to building your wealth.
Where traditional investing advice goes wrong and what actually works.
What the stock market really is and how it really works.
Why the stock market always goes up and why most people still lose money investing in it.
How to invest in a raging bull, or bear, market.
Specific investments to implement these strategies.
The Wealth Building and Wealth Preservation phases of your investing life and why they are not always tied to your age.
How your asset allocation is tied to those phases and how to choose it.
How to simplify the sometimes confusing world of 401(k), 403(b), TSP, IRA and Roth accounts.
TRFs (Target Retirement Funds), HSAs (Health Savings Accounts) and RMDs (Required Minimum Distributions).
What investment firm to use and why the one I recommend is so far superior to the competition.
Why you should be very cautious when engaging an investment advisor and whether you need to at all.
Why and how you can be conned, and how to avoid becoming prey.
Why I don’t recommend dollar cost averaging.
What financial independence looks like and how to have your money support you.
What the 4% rule is and how to use it to safely spend your wealth.
The truth behind Social Security.
A Case Study on how this all can be implemented in real life.