Download The Simple Path to Wealth PDF: Your Road Map to Financial Independence and a Rich, Free Life by JL Collins published on June 18, 2016.
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There’s no shortage of stuff you really should be learning in this world, and no shortage of books about exactly that same stuff. Every bit of knowledge you could ever hope for is already waiting right there in a book somewhere. Or a whole shelf of books. Heck, you could probably fill an entire underground parking garage with all the books that have been written on the subject of investing alone, and still find more pouring out onto the ground when you climbed back out.
The problem is that most of those books are boring and you end up setting them down with a bookmark somewhere around page 25, never to return. Even with the best of skills and intentions, I find that the writers of most books about stock investing cannot seem to get it right. They drag it out painfully or write paragraphs so dry and dense that you find yourself rereading the same passage over and over for half an hour while your mind wanders off to more interesting pastures.
JL Collins takes this old style of investment book writing and disregards it completely. He creates the stuff that your mind wants to run to when it is tired of reading about stocks. Instead of esoteric equations about measuring a stock’s alpha and comparing it to its beta, he compares the entire stock market to a large mug of beer and explains why it’s still worth buying even when it comes along with an unpredictable quantity of foam. He lights up the campfire and just starts telling stories, and if those stories just happen to be about exactly what you wanted to learn in the first place, your new knowledge is a happy side effect.
Inside this book
This book grew out of my blog, www.jlcollinsnh.com. The blog, in turn, grew out of a series of letters I had begun to write to my then-teenage daughter. These letters concerned 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. If you choose to master it, money becomes a wonderful servant. If you don’t, it will surely master you. “But Dad,” my little girl once said to me, “I know money is important. I just don’t want to spend my life thinking about it.” For me this was eye-opening. I love this stuff. But most people have better things to do with their precious time than think about money. They have bridges to build, diseases to cure, treaties to negotiate, mountains to climb, technologies to create, children to teach, businesses to open and build.
Unfortunately this 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. Further, not only are they more costly to the investor, they are less effective.
Here are a few key guidelines to consider: Spend less than you earn—invest the surplus—avoid debt. Do simply this and you’ll wind up rich. Not just in money. Carrying debt is as appealing as being covered with leeches and has much the same effect. Take out your sharpest knife and start scraping the little bloodsuckers off. If your lifestyle matches—or god forbid exceeds—your income, you are no more than a gilded slave. Avoid fiscally irresponsible people. Never marry one or otherwise give him or her access to your money.
Download The Simple Path to Wealth PDF
- Full Book Name – The Simple Path to Wealth
- Author of this Book – J.L. Collins
- Language – English
- Book Genre – Business, Currency, Money, Non-Fiction
- Download Format – PDF
- Size – 2.4 MB
- Number of Pages – 212
- Price – Free
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