(Read) [The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life]


The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life

By JL Collins À 6 SUMMARY SUMMARY The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life ☆ PDF, eBook or Kindle ePUB Ng arms  Here's an important truth Complex investments exist only to profit those who create and sell them Not only are they costly to the investor they are less effective  The simple approach I created for her and present now to you is not only easy to understand and implement it is powerful than any other  Together we'll 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 uniue way 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. J L Collins s outstanding The Simple Path to Wealth 2016 is the investment book for beginners intermediates and expertsCollins 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 The book s majority focuses on a simple investment strategy Collins s simple strategy is all an investor ever need He also provides clear pithy advice on how to live such as Avoid debt Simple yet telling What surprised me most and what I benefited from the most was his reassuring view to the behaviour of investing He tells the truth at every stage and doesn t pull any punches such as the market will drop and you will see your investments half But as always he s the anchor of sanity and says we need to hold our nerve when that happens to actually buy during those downturns and ride out the bad times as the good times come a lot often and provide great returnsThe highlight here is Collins s experienced uncle s voice He writes in a way that is friendly and smart A voice to trust Collins s been there made the mistakes dusted himself off and seen the light it s almost as if he took the hard route in order to pass on his knowledge so that we don t need to make the same mistakes and we can follow him on the right pathThe Simple Path to Wealth is a rare book that is both thoroughly enjoyable and wise in its teaching I adored reading every word and learning everything I need to know about investing in the stock market I d recommend this book to everyone but especially people who say I know nothing about stocks and shares All they need to do is read this short book and follow its simple message A superb book in a sea of unhelpful impenetrable finance books Amour Fou Fo Th (Foliotheque) (French Edition) understand and implement it is powerful than any other  Together we'll 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 LAmour fou (Collection Aphrodite) 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 Fous D Amour (Folio) 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. J L Collins s outstanding The Simple Path to Wealth 2016 is the investment book for beginners intermediates and expertsCollins 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 The book s majority focuses on a simple investment strategy Collins s simple strategy is all an investor ever need He also provides clear pithy advice on how to live such as Avoid debt Simple yet telling What surprised me most and what I benefited from the most was his reassuring view to the behaviour of investing He tells the truth at every stage and doesn t pull any punches such as the market will drop and you will see your investments half But as always he s the anchor of sanity and says we need to hold our nerve when that happens to actually buy during those downturns and ride out the bad times as the good times come a lot often and provide great returnsThe highlight here is Collins s experienced LAmour fou du colonel Chang uncle s voice He writes in a way that is friendly and smart A voice to trust Collins s been there made the mistakes dusted himself off and seen the light it s almost as if he took the hard route in order to pass on his knowledge so that we don t need to make the same mistakes and we can follow him on the right pathThe Simple Path to Wealth is a rare book that is both thoroughly enjoyable and wise in its teaching I adored reading every word and learning everything I need to know about investing in the stock market I d recommend this book to everyone but especially people who say I know nothing about stocks and shares All they need to do is read this short book and follow its simple message A superb book in a sea of Les Frères Ashkenazi -Yoshe le fou (Des heures durant...) unhelpful impenetrable finance books

DOWNLOAD Ð PDF, eBook or Kindle ePUB À By JL Collins

By JL Collins À 6 SUMMARY SUMMARY The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life ☆ PDF, eBook or Kindle ePUB This book grew out of a series of letters to my daughter concerning various things mostly about money and investing she was not yet uite ready to hear  Since money is the single most powerful tool we have for navigating this complex world we've created understanding it is critical  But Dad she once said I know money is important I just don't want to spend my life thinking about it This was eye opening I love this stuff But most people have better things to do with their precious time Bridges to build diseases to cure treaties to negotiate mountains to climb technologies to create children to teach businesses to run  Unfortunately benign neglect of things financial leaves you open to the charlatans of the financial world The people who make investing endlessly complex because if it can be made complex it becomes profitable for them expensive for us and we are forced into their waiti. I liked the author s podcast interview by the respected data driven and the whimsical Mad Fientist I bought this book for two important reasons it was self published and the author s persistent reference to Jack Bogle s genius 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 sellable 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 interestThis book is perfect for beginners and some seasoned investors who are sick and tired of searching for that short term investment miracle Collins stuck with Bogle s purest message from the beginning to the last word As a Bogle devotee myself I appreciate his courage to stand up write a terrific book and argue effectively for the powerful and low cost indexing strategy and against the delusional appeal of day traders hedge fund managers active management strategies timers or individuals who claim they can successfully speculate and win big Far too many normal investors get caught up in those phony but exciting fantasies and lose The new guy or gal investor gets the skills to construct a simple portfolio you understand and then have the courage and the confidence to permanently ignore the media s seductive financial noise machineThe 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 Early community think long term live below your means plan ahead with a fully diversified portfolio except international stocks on this below invest in Vanguards low cost index fundsSooooo what is not to like I ll admit it s a boring plan and not all DIYers embrace it But I love my boring plan and it s exactly where the power of what we can do lies after setting up our plan we must be patientCollins writes much about psychology for good reason The power lies with us It s not us versus the big intimidating stock market With time and experience we learn to be psychologically tough for long periods of time In the movie Wizard of OZ Glenda told Dorothy that she always had the power to go home again It s the same for us investors All of the features of constructing a balanced plan remains under our control It fairly easy to learn But the hard part is the unfair and counterintuitive psychology Thinking long term is the best antidote Over time the growth will pay enough of a return to meet or beat the inflation rate Meeting or beating inflation is a simple realistic goal and psychologically attractive This book shows you how to like saving with minimal time and effort to discover the investing processPatience psychology and philosophy are a difficult sell Many investing aficionados are interested in the adrenaline rush and chasing the opposite sex than building wealth over time The market is not something to conuer or control It is simply made up of wonderful organizations of hardworking people called publicly traded corporations The author explains how to harness all of that positive corporate energy and just flow with it whether it goes up or down and over time it goes up The author addressed the tough sell challenge with elegance and subtle toughnessThe author discusses investment costs taxes tax deferred retirement plans offered by employers the retirement years and strategies to keep from running out of money My favorite chapters are Why I don t like Investment Advisers and Some final thoughts about risk Financial advisers are an easy target with hundreds of reasons not to like Most of us DIYers will never need a financial adviser for two good reasons Collins writes Nobody cares about your money than you do and you can learn to manage your money yourself with far less cost and better results From my personal experience knowing how to save investment costs alone was enough to pay cash for the Tesla Model SOn the subject of risk my favorite part and I uote as the author was speaking to the zombie apocalyptics among us especially the financial media Major Armageddon extinction events like the asteroid that took out the dinosaurs some 65 million years ago have happened about five times So that s about one every 10 million years or so Are we really arrogant enough to think it s going to happen in the geological eye blink we ll be around That we ll be the ones to witness it Not likely Economic Armageddon ain t going to happen eitherThere are a few minor omissions The author is not well known so he needs to talk about himself about what he did I felt like he had to say as examples of his fears of risk and the mistakes he made All of that would have made the book even authentic and organic What was the role of his wife What exactly did the author and his wife do for a living He did report that he worked as a financial analyst So was he in the financial industry He did not explain why he had an overly aggressive portfolio for an individual in his 60s He did not share his diversification plan except that he doesn t own international stocks he explains whyConseuently I give him an A for telling us how to set up a portfolio and his rationale but I give him a B for not showing what exactly he did and for how long His rationale is spot on but portfolio construction and asset allocation strategies and information can be found in many books The Boglehead Guide to Investors any book written by Jack Bogle or his followers Ferri Swedroe Roth and Bernstein Some other minor items that I found perplexing and discouraging for people starting out On page 246 he writes Save and invest at least 50% of your income What I reread this twice and could not comprehend why the author wrote this In my working career I could not even contribute the maximum allowed in my 403b plan let alone save 50% of my income No I never had new car payments because I could not afford car payments and invest too Yet I reached financial independence at age 61 50% of one s income is overreaching and dangerously discouraging unless you are a highly elite and talented employee with a 7 figure income For the rest of us just start with what you can afford For example I started at age 37 with 200 a month in my 403b and that was a lot out of my meager income But I kept it up for 24 years Back to his strategy about avoiding international stocks The author knows he will get pushback and he probably has heard my argument for international investing many times Mr Collins is just following Bogle s advice about keeping it simple But one can have it both simple and fully diversified worldwide by one fund Diversification means investing in all available stocks worldwide So let s take advantage of these opportunities to invest in just one fund the Vanguard Total World Stock ETF VT The author won t have it IMO the author might be reflecting his age and the Familiarityhome bias that is so freuent with the silent generation The author writes investing in the United States domestic market is enough diversification because of the worn out 21st century global connections argument He offers what appears at first glance valid reasons but they are out of date and one about excessive costs is flatly wrong Vanguard s Global fund charges14% I don t know about you but the opportunity to invest in all publically traded companies on the planet is inexpensiveAlso I am 72 years old and old enough to remember my elders saying that is too risky to invest in foreign stocks We are well into the 21st century and the world has changed Don t you think that international corporations want to grow and prosper too Of course Don t you think opportunities for diversification have evolved for the better Yes I want as much diversification as possible to reduce euity risk and reduce volatility I might even get higher returns but that s not part of my expectations The global index funds or ETFs make full diversification in just one investment a synch Another minor objection is his downplaying the Roth IRA I think he over complicated with trying to predict the tax rate to decide to use or not use the Roth IRA It s futile and a waste of time to guess the future Not having to pay capital gains taxes after investing in the Roth IRA is one of the best strategies for us regular investors You can run the numbers on a brilliant Excel program created by The Finance Buff After running the numbers on the Excel program you will be thoroughly convinced to include the Roth IRA in your plan One last objection I recommend to readers who don t have a lump sum that is a bundle of money to invest already that you ignore the Why I don t like dollar cost averaging chapter I had to use DCA during my entire working career investing in my 403b Because I started from NOTHING and had less than 50000 for years If you have a lump sum to invest follow the author s advice But I think I can speak for most investors who have little choice but to use DCA His opinion about DCA was discouraging than encouragingCollin s strong opinions about some of his investment ideas represent of his individuality than sound investment practice Of course the author never intended to be discouraging I am just responding as a reader with a few of my opinions about his outstanding work That s perfectly fine for him as his opinions worked for him and they might work for you too My opinions worked well for me In the final analyses he follows the Boglehead way For that I am delighted he wrote a great self published book showing once again the work of the legendary investor advocate and teacher Jack Bogle Outside of these minor differences of opinion Mr Collins earned a well deserved five starsIn sum if any author self publishes a book about investing I think it is important to readers to know that the message is organic no other agenda item hangs in secret other than to explain and layout a simple plan which will connect with new investors and get them results André Breton. LAmour fou uite ready to hear  Since money is the single most powerful tool we have for navigating this complex world we've created Du timide au satyre. la timidité et le trac - lobsession - la regardelle - lamour de tête - le bacille et lamour - la jalousie - lenvie - le sadisme - les fous meurtriers. up write a terrific book and argue effectively for the powerful and low cost indexing strategy and against the delusional appeal of day traders hedge fund managers active management strategies timers or individuals who claim they can successfully speculate and win big Far too many normal investors get caught La foudre suspendue et poison de lamour fou up in those phony but exciting fantasies and lose The new guy or gal investor gets the skills to construct a simple portfolio you Un Amour Fou understand and then have the courage and the confidence to permanently ignore the media s seductive financial noise machineThe 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 Early community think long term live below your means plan ahead with a fully diversified portfolio except international stocks on this below invest in Vanguards low cost index fundsSooooo what is not to like I ll admit it s a boring plan and not all DIYers embrace it But I love my boring plan and it s exactly where the power of what we can do lies after setting les fous de lamour us investors All of the features of constructing a balanced plan remains Lamour dun fou: Roman unfair and counterintuitive psychology Thinking long term is the best antidote Over time the growth will pay enough of a return to meet or beat the inflation rate Meeting or beating inflation is a simple realistic goal and psychologically attractive This book shows you how to like saving with minimal time and effort to discover the investing processPatience psychology and philosophy are a difficult sell Many investing aficionados are interested in the adrenaline rush and chasing the opposite sex than building wealth over time The market is not something to conuer or control It is simply made Un chouia damour fou up of wonderful organizations of hardworking people called publicly traded corporations The author explains how to harness all of that positive corporate energy and just flow with it whether it goes Un amour-- fou?, ou, Une aussi longue patience up or down and over time it goes LAMOUR FOU DE DIEU POUR MOI up The author addressed the tough sell challenge with elegance and subtle toughnessThe author discusses investment costs taxes tax deferred retirement plans offered by employers the retirement years and strategies to keep from running out of money My favorite chapters are Why I don t like Investment Advisers and Some final thoughts about risk Financial advisers are an easy target with hundreds of reasons not to like Most of L' Amour Fou (Revue l'Avant-Scène Théâtre) us how to set LAmour, comme un camion fou use or not Clova - un Amour Fou en Mai 68 use the Roth IRA It s futile and a waste of time to guess the future Not having to pay capital gains taxes after investing in the Roth IRA is one of the best strategies for Fou, fou damour ! use DCA His opinion about DCA was discouraging than encouragingCollin s strong opinions about some of his investment ideas represent of his individuality than sound investment practice Of course the author never intended to be discouraging I am just responding as a reader with a few of my opinions about his outstanding work That s perfectly fine for him as his opinions worked for him and they might work for you too My opinions worked well for me In the final analyses he follows the Boglehead way For that I am delighted he wrote a great self published book showing once again the work of the legendary investor advocate and teacher Jack Bogle Outside of these minor differences of opinion Mr Collins earned a well deserved five starsIn sum if any author self publishes a book about investing I think it is important to readers to know that the message is organic no other agenda item hangs in secret other than to explain and layout a simple plan which will connect with new investors and get them results

By JL Collins À 6 SUMMARY

By JL Collins À 6 SUMMARY SUMMARY The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life ☆ PDF, eBook or Kindle ePUB 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 401k 403b TSP IRA and Roth accounts  TRFs target retirement funds HSAs health savings accounts and RMDs reuired 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 Four Percent 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 . Amazing book a thoroughly enjoyable read and the most comprehensive guide to investing and financial independence JL Collins genuinely wants to impart his years worth of investing knowledge to make life rich and secure for all I wish I had read this book years ago but feel so fortunate that I ve read it at all As others have mentioned it s very US focused but the principles hold well and if you follow them your life will absolutely be better off for it

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  • The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life
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  • 09 March 2018
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10 thoughts on “(Read) [The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life]

  1. says: (Read) [The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life]

    (Read) [The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life] I liked the author’s podcast interview by the respected, data driven and the whimsical Mad Fientist. I bought this book for two important reasons: it was self published and the author’s persistent reference to Jack Bogle’s genius. 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 sellable. Instead, self

  2. says: DOWNLOAD Ð PDF, eBook or Kindle ePUB À By JL Collins (Read) [The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life] By JL Collins À 6 SUMMARY

    By JL Collins À 6 SUMMARY (Read) [The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life] In 2008 I was taking a finance class in college watching the market burn to the ground. After graduating in 2009, I saw Comcast and Starbucks stock selling for crazy low prices from where it had been in 2007 and wondered why these stocks were getting hammered for a real estate and bank crisis, so I bought with the intent to hold. And I made money. I realize now it was riskier then I knew at the time because I didn’t

  3. says: DOWNLOAD Ð PDF, eBook or Kindle ePUB À By JL Collins (Read) [The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life]

    (Read) [The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life] By JL Collins À 6 SUMMARY DOWNLOAD Ð PDF, eBook or Kindle ePUB À By JL Collins Hands down one of the best financial books I’ve ever read or heard about. If I could gift a copy of it to every single graduate, I would. This book is like listening to a sage friend who has endured decades of ‘playing / timing’ the market and concluded there is an easier way. Not only is this friend willing to share the way

  4. says: REVIEW The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life (Read) [The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life] DOWNLOAD Ð PDF, eBook or Kindle ePUB À By JL Collins

    REVIEW The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life (Read) [The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life] DOWNLOAD Ð PDF, eBook or Kindle ePUB À By JL Collins This book was a gamechanger. 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). know what an index fund is (and why they're superior to picking my own stocks). I finally understand what timing the market means and why it's a bad ide

  5. says: (Read) [The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life] REVIEW The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life

    DOWNLOAD Ð PDF, eBook or Kindle ePUB À By JL Collins (Read) [The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life] I read 50 60 books per year on average, almost 50% of those are in the finance realm.

    This is my single favorite book on finance. After reading over 100 finance books, this is hands down the best one. There are some business books that

  6. says: REVIEW The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life By JL Collins À 6 SUMMARY DOWNLOAD Ð PDF, eBook or Kindle ePUB À By JL Collins

    DOWNLOAD Ð PDF, eBook or Kindle ePUB À By JL Collins By JL Collins À 6 SUMMARY REVIEW The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life J. L. Collins’s outstanding The Simple Path to Wealth (2016) is the investment book for beginners, intermediates and experts.

    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 a

  7. says: REVIEW The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life DOWNLOAD Ð PDF, eBook or Kindle ePUB À By JL Collins By JL Collins À 6 SUMMARY

    (Read) [The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life] By JL Collins À 6 SUMMARY I first heard of this guy after stumbling across an interview he did with 'Google Talks' or something like that on YouTube and I really liked his demeanour and straightforward but friendly advice on investing. So I checked out his blog site and ordered the book. As someone who is brand new to investing, it's r

  8. says: (Read) [The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life] REVIEW The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life

    (Read) [The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life] You have to bear in mind that this book was written with U.S. investors in mind, but the principles are the same. (Obviously ignore the chapter on tax as UK rules will be totally different) It's written in very simple terms and is easy to understand for the non professional investor. It makes you realise you ca

  9. says: (Read) [The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life]

    DOWNLOAD Ð PDF, eBook or Kindle ePUB À By JL Collins (Read) [The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life] By JL Collins À 6 SUMMARY Amazing book a thoroughly enjoyable read and the most comprehensive guide to investing and financial independence. JL Collins genuinely wants to impart his years worth of investing knowledge to make life rich and secure for all. I wish I had re

  10. says: By JL Collins À 6 SUMMARY (Read) [The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life]

    REVIEW The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life By JL Collins À 6 SUMMARY (Read) [The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life] You will realize that being wealthy do not require to have large sums of money. All it is needed is to have the courage and conviction to save than you spend in the years towards retirement. As said in the book,

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