This book grew out of a series of letters to my daughter concerning various things - mostly about money and investing - she was not yet quite 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 more profitable for them, more expensive for us, and we are forced into their waiting arms.
Here's an important truth: Complex investments exist only to profit those who create and sell them. Not only are they more 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 more powerful than any other.
Together we'll explore:
I've read six or seven early financial independence books recently and this one is the best. I like the author's down-to-earth style and overall presentation. A great listen!
5 of 5 people found this review helpful
Any additional comments?
Oh how I wish: (a) this book had existed back when I was just graduating from college, (b) somebody had given this book to me, and (c) I had listened to every word in it.<br/><br/>This is one of those "If I knew then what I know now" books. The lessons in here are priceless. Everybody should read this book and heed the advice in it.<br/><br/>The best part is you don't have to be all that interested in finance or 401(k)'s or any of that stuff. In fact, if you really dislike such things, this is probably the perfect book for you. JL Collins takes these complicated and boring financial matters and does two nice things for you: (1) throws out all the crap you don't need to know, and (2) explains what you do need to know in layman's terms that anybody can understand. So not only is the wisdom in this book chockfull of solid gold nuggets on a need-to-know basis, but the delivery is crystal clear and simple to follow in practice.<br/><br/>Speaking of the delivery, OMGoodness does JL Collins have a superb voice for the audiobook format. He reminds me of David McCullough. He has the kind of deep grandfatherly "gather 'round the campfire for a story" voice. It's fabulous.<br/><br/>In summary, this book is worth every penny. Along with a handful of other "quake books" that changed my life for the better, this one is getting added to that list (right alongside John C. Bogle's "The Little Book of Common Sense Investing"). I can't recommend this book enough. Get it for yourself. Listen to it. Make your kids listen to it. Your siblings. Your friends. Your parents. The lessons in it are too valuable not to share with everybody you know.
4 of 4 people found this review helpful
I liked the fact that he lays it all out with facts to back his insight. He also gives great steps to follow if you choose. Never thought of investing as simple until now. Thanks JL.
1 of 1 people found this review helpful
Must read for every person.. doesn't matter what stage of financial step they are... so much to learn. I will make sure my kids read and understand this book before their 20th b'day..
This one is different. I have listened to this book over and over again. First step before you do any financial decisions is to read this book. The hours you spend listioning this book is your MOST PAID HOURS IN YOUR LIFE. Thank you JLC for your contribution.
I really enjoyed listening to this book. It is very insightful. Definitely will listen again.
I am going to recommend this book to everyone I know. It provides information I’ve been looking for for over 10 years.
Many books tell you to invest but most do a poor job explaining how to invest—this book does both well.
This book was refreshing as it outlined truth which is so hard to find these days. On the road to wealth it's the slow and steady that wins the race. The author starts off the book by stating he wrote to be advice to his daughter on guidance about investing wisely. He then goes on to layout simple truths that lead to success when followed with fidelity. He also preaches the fact that expenses in the purchase and/or fees have a strong negative effort on the bottom line investment rate outcome. Throughout the book the author reflects on performance of different investment vehicles and in doing so he lays out a safe and promising path for one to accumulate wealth without having to become a professional wealth manager. The simple path is the way to go. “AUDIBLE 20 REVIEW SWEEPSTAKES ENTRY”
I loved this book and I enjoyed listening to it. Simple, easy to follow advice on how to build wealth. I wish I had read this 10 years ago. I’m giving this book to all my brothers and sisters for Christmas. I highly recommend it.
loved it! I read all the F.I.R.E blogs/podcast I can, and this book really takes the most confusing material through the blogs and makes it easy to understand. Thanks so much Mr. Collins!
Where does The Simple Path to Wealth rank among all the audiobooks you’ve listened to so far?
In the top 10, it's straight forward, no nonsense self-promotional rubbish. He cuts to the chase, really well.
What other book might you compare The Simple Path to Wealth to, and why?
Killing Sacred Cows, just to get you thinking differently.
Have you listened to any of JL Collins and Peter Adeney ’s other performances? How does this one compare?
Was there a moment in the book that particularly moved you?
The introduction, then the ones that followed. Consistently easy to digest the material.
I found JL Collins through www.mrmoneymustache.com. I love both of these bloggers. So it was only natural that I bought The Simple Path to wealth. Jim's life & financial advice just makes sense. I'll be advising my children to follow it and any friends & family I think could benefit.
Follow his advice and end up rich. It's simple!