I'm dreading the passing of another decade where I'm still doing the same thing with no end in sight. Book Review. Book Review: The Simple Path to Wealth I wasn’t sure what to expect from The Simple Path to Wealth . Read honest and unbiased product reviews … The Simple Path to Wealth by J.L. JL Collins really lays this down in the most simple, easy to digest way possible. Collins is considered by many to be the primary textbook of those seeking financial independence. I'll save you some money and spoil this. To calculate the overall star rating and percentage breakdown by star, we don’t use a simple average. This will definitely become the go-to book recommendation for friends who ask me for $ advice. I used to have to listen to Remy and Tim and Mitch and Jeremy bang on about investing while I was trying to actually create something beautiful while painting at the dining table instead of the absolutely pointless, complex, exclusive, cold, unsexy, fairytale money. JL Collins. You'll never find a wiser advisor with a bigger heart.” -- Malachi Rempen: Filmmaker, cartoonist, author and self-described ruffian. J. L. Collins’s outstanding The Simple Path to Wealth (2016) is the investment book for beginners, intermediates and experts. In 2011, he wrote a series of letters to his daughter about money and investing; which morphed into jlcollinsnh.com and led to this book. Super readable book, approachable and fun tone. This will be an annual read for me for sure. I only differ in one respect, which I … ...half of our income seems impossible!!! I attribute a lot of this to reading this book. Find helpful customer reviews and review ratings for The Simple Path to Wealth: Your road map to financial independence and a rich, free life at Amazon.com. The Simple Path to Wealth: Book Review Posted on January 28, 2017 March 20, 2017 by MilitaryFIRE by MilitaryFIRE I’ve been following Jim Collins, who blogs at www.jlcollinsnh.com , for about two years now. He really did that!!! WHO IS JL COLLINS? This book was a gamechanger. BEHAVIORAL - Avoid debt at all costs. Prime members enjoy FREE Delivery and exclusive access to music, movies, TV shows, original audio series, and Kindle books. I wish it had been written it in the late 1970s when I graduated from high school. The Simple Path to Wealth Review. The kind of person who reads this book is asking themselves if they will be able to retire a millionaire in their 30s or if they will have to wait until their 40s. It's an easy-to-understand primer on stock-market investing — and financial independence. This is the most straight forward investment book I've found. I’m what you would call a fast reader so I am constantly consuming content from investing to budgeting to real estate investing. If you only read one book on personal finance, The Simple Path to Wealth by JL Collins is a solid guide on the mentality and skills that anyone can use to take responsible ownership of their financial future. He has been an investor since 1975. Here is the simple path to wealth book review: I really enjoy this book and would highly recommend it to anyone who wants to become wealthy in the simplest way possible. The last novel I read was probably required reading during a high school literature class. I took it out from the library. Read more . Great book, but most of it applies to US citizens. If something were to happen to me and I needed to leave one financial tool to my kids, it would be this book. Good but still missing some info and a little bit unrealistic. Book Review: The Simple Path to Wealth by JL Collins. June 17th 2016 With this book, JL Collins cements his status as a pillar of the personal finance world. June 19, 2016 By Al 1 Comment. CreateSpace Independent Publishing Platform, Jun 18, 2016 - Finance, Personal - 286 pages. The Simple Path to Wealth by JL Collins. The Simple Path to Wealth (book review) “The Simple Path to Wealth” is the book by Jim Collins, that compiles and re-organizes everything in his Stock Series posts from the blog he started few years ago to teach his daughter about finances. He might of said it, but for me I like to see real life situations in action to help me understand it better. Collins, the author (part two of the interview is here ). Have you ever been paralyzed by indecision while deciding how to choose the best investments in your 401k? I always thought finances, investing and the stock market are an extremely boring topic, and that most things written about it only apply to the US. I can't even imagine the impact of those changes a few decades down the road. This book is squarely about the slow-and-steady side of financial independence. The Simple Path to Wealth by JL Collins. Simple Path to Wealth Book Review. Découvrez des commentaires utiles de client et des classements de commentaires pour The Simple Path to Wealth: Your road map to financial independence and a rich, free life sur Amazon.fr. My husband and I switched around our allocations (and rolled over some old accounts into Vanguard) and we literally gained a few thousand dollars in interest overnight. In 2011, he wrote a series of letters to his daughter about money and investing; which morphed into jlcollinsnh.com and led to this book. Ive been on the FI path for about 5 years so this didnt have any new information per se, but I still enjoyed reading it and it helped me realize there are still minor mistakes/sub-optimal choices Im making and need to clean up. The Simple Path to Wealth contains a first section I will convene in denominating behavioral and another part with technical investment information. You just need to find the fiscal discipline and psychological fortitude to stay the course. Read this book then give it to someone struggling or boasting about this stock or that one. Reviewed in the United States on September 14, 2016. He recommended I read this book and goodness I wish I had sooner. I'm ordering copies for everyone I care about. Well… This book has changed my life. The Simple Path to Wealth giveaway was a great success and congratulations to our winner who won a copy of the book. The Simple Path to Wealth takes a complicated topic like investing and makes it as simple as the name suggests. Simple Path to Wealth JL Collins Book Review. For those of you who dont know, Bogleheads are people who subscribe to Jack Bogle's (founder of Vanguard) philosophy on investing, which in simplest terms is investing and holding in minimally-managed index funds. So simple it is concerning how much financial managers profit off our ignorance. It certainly doesn't tell you anything new than what you already know, but, perhaps, don't believe. Now that Im done reading The Simple Path to Wealth by JL Collins, I feel confident in recommending it to any and everyone. His philosophy is mostly Money Boss-ish: Avoid debt. The Wealth Preservation Stage comes once your earned income slows or ends. July 5, 2016 by Andrew. The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life. The Simple Path to Wealth presents the advice from his blog in a coherent, unified package. In the dark, bewildering, trap-infested jungle of misinformation and opaque riddles that is the world of investment, JL Collins is the fatherly wizard on the side of the path, offering a simple map, warm words of encouragement and the tools to forge your way through with confidence. If you really want a simple & effective investment – VTSAX or VFIAX. If something were to happen to me and I needed to leave one financial tool to my kids, it would be this book. 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. Reading The Simple Path to Wealth was part of my 2020 personal finance goals . 21 Comments. I never dreamed a personal finance book could fit either of those descriptions. The Simple Path to Wealth: Your road map to financial independence and a rich, free life by J.L. I feel so much more comfortable with my financial future now. Especially those who are still in debt. His accessible, well reasoned investing philosophy provides a clear path to success for every investor. There are so many things that he explains that I wish I would have known ten years ago. Kind of useless book if you're not freshly out of college. Save half your money, avoid all debt, and invest in vanguard index funds.what irritated me about this book is there is no plan if you're older if you've never been able to save money because you couldn't afford it and you started investing late in life and don't have a lot of time to save for retirement. Thank you to all my subscribers who entered. There's a problem loading this menu right now. He recommended I read this book and goodness I wish I had sooner. Ignore the news — your friends, relatives & the media. This book covers the basics of what you need to know about steady investing, though it's very America-centric and could do with a more elegant writing style and structure. Collins lays out complicated things, like investing, into very simple terms and makes it easy to understand. I had the honor of reviewing an advance copy of the manuscript and the personal finance geek in me couldn’t resist the opportunity to devour this in a single sitting. March 23, 2019; zero comment ; I feel like everyone knows that in order to have a descent retirement (or a retirement at all) you need to have some type of investment vehicle to supplement your retirement spending. JL boils down the concepts of personal finance into a very simple, yet powerful, approach. Or not. I recommend for anyone interested in starting their investment journey or anyone looking to simplify their investment approach. The Simple Path to Wealth: Your road map to financial independence and a rich, free life. About two years ago, when I realized I had F- Yeah money, it transformed the way I approached work. Disabling it will result in some disabled or missing features. The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life. The Simple Path to Wealth is probably the top book I’d recommend if you are interested in long term investing success. 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. However, you will have to adapt. If you would love to read it, try your local library or you can buy it here via my link to Book Depository. He has been an investor since 1975. I also slightly disagree on the need for a financial advisor and other consultants. Kind of useless book if you're not freshly out of college. So simple it is concerning how much financial managers profit off our ignorance. It’s a welcome and refreshing introduction to the topic that even those with experience will get value from. Reviewed in the United States on January 1, 2018. Reviewed in the United States on October 5, 2016. Refresh and try again. JL Collins is essentially a "Boglehead", and he admits that Jack Bogle is his personal hero. 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. Reviewed in the United States on October 28, 2018. I realize now it was riskier then I knew at the time because I didn’t do my due diligence in research on these companies, but for this book to claim the market can’t be beaten is completely false. M1 Finance is a great choice of broker to implement the JL Collins Simple Path to Wealth Portfolio because it has zero transaction fees and allows for fractional shares.I wrote a comprehensive review of M1 Finance here.. 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. You can still see all customer reviews for the product. The Simple Path to Wealth is a rare book that is both thoroughly enjoyable and wise in its teaching. I’ve read many books in my life. I feel so much more comfortable with my financial future now. I absolutely loved this book. Let me say this again because I am not just writing these words to sensationalize this post but this book has changed my life and more so my thinking. The author and fellow personal finance blogger JL Collins really delivered on the promise of the title. Posted on December 31, 2019 by HopeToRetire. Here’s evidence of me enjoying my homework with a glass of rosé. JL Collins introduced me to the concept of F- You money (which I now call F- Yeah money thanks to ProudMoney.com). It feels nice to be somewhat financially literate now and to know what’s ahead of me. Like those of us that are in our 40's or 50's. Your investments are then left to grow and/or are called upon to provide income for you.” Most people think of their financial life in terms of age. wealth is a function of time rather than possessions. It is a straightforward, achievable process: avoid / eliminate debt, spend less than you earn, invest in low-cost index funds, and then do NOTHING. Collins is considered by many to be the primary textbook of those seeking financial independence. He really only did one for a 20 something single guy just starting out. Years later they meet. 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 appropriate income for you to retire early and live comfortably. JL Collins really lays this down in the most simple, easy to digest way possible. Are you fed up with the high fees your financial advisor charges to manage your investments even though she underperforms the market? WHO IS JL COLLINS? Collins argues, with lots of backup, that the simple way to invest (Vanguard index funds) is also the most effective and profitable way to invest. To see what your friends thought of this book, The general principles are relevant, in terms of how to think about investing, and which specific funds to invest in. Where do we put it so it will work for us and not the other way around? If you would love to read it, try your local library or you can buy it here via my link to Book Depository. Overall, this was an excellent read. I am so grateful for J.L. A simple Path to Wealth: Book Review By The Happy Philosopher in Posts When I heard one of my favorite bloggers was coming out with a book I was very excited, but when I found out I could get an advanced copy and spew my opinion of it on the internet I couldn’t wait to get started. 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. -- Malachi Rempen: Filmmaker, “In the dark, bewildering, trap-infested jungle of misinformation and opaque riddles that is the world of investment, JL Collins is the fatherly wizard on the side of the path, offering a simple map, warm words of encouragement and the tools to forge your way through with confidence. Also his idea of saving half of your income is great in theory but not realistic for most people. 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. $19.99. If you could read just one book about investing and gaining financial independence, it should be this one. I didn’t know the first thing about what a good benefits package looked like. I found it to be a quick read full of thoughtful insights. You'll never find a wiser advisor with a bigger heart. I’ve dipped my toe into the subject here and there on occasion, but I’ve been content to direct most people to the “Stock Series” by JL Collins. But I wish he would have included more scenarios of people midway through their investing careers. As they catch up, the portly minister (in his fine robes) takes pity on the thin and shabby monk. Albert Einstein called compound interest is the most powerful force in the universe and the greatest mathematical discovery of all time. April(3) Cool things to check out while I'm gone; Stocks — Part XXIX: How to save money for college. J L Collins starts by explaining that money bring pressure to bear on people, but not all of us … It is written in plain enough language that even those with limited experience in investing can understand. Simple Path, Fun Writing, Life Changing Results, Reviewed in the United States on January 4, 2018. While he is a little more prescriptive in what he advises people should do, and it definitely involves coming to grips with some hard truths, I so appreciate how candidly and simply he. Do you think you might be able to build wealth more easily by doing a few simple things yourself? I love everything he teaches and follow it closely. I had never heard of JL Collins until Kindle Unlimited was offering his book in September. I had never heard of JL Collins until Kindle Unlimited was offering his book in September. Yes we do have a Roth IRA and a regular IRA (from rolling over from a past employer) in vanguard but the bulk of our money is stuck at Merril Lynch because it is my husbands 401k from work. I'll save you some money and spoil this. I preferred his series of blogposts on the same topic. It was straight to the point and offered clear advice. Find helpful customer reviews and review ratings for The Simple Path to Wealth: Your road map to financial independence and a rich, free life at Amazon.com. The Wealth Accumulation Stage comes while you are working, saving and adding money to your investments. Dollar Flipper June 23, 2016 Musings 2 Comments. 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. After more than a decade investing, I decided to read The Simple Path to Wealth. Goodreads helps you keep track of books you want to read. I have a long list of things I love about retirement (of course) and consistently near the top lies “the ability to stay up as late as I want whenever I want.” If I find a book that’s engrossing, I can finish it – no delayed gratification like those annoying cliffhangers on television. - Avoid fiscally irresponsible people and do not marry them. As for me, it is better to be closer to the monk.”. The Simple Path to Wealth: Your road map to financial independence and a rich, free life 286. by J L Collins, Mr. Money Mustache (Foreword by) Paperback (New Edition) $ 15.99. Reviewed in the United States on May 22, 2019. The Simple Path to Wealth: Your road map to financial independence and a rich, free life. So I was caught completely off guard with this book wanted to read a few chapters out of curiousity, but ended up devouring the whole book in a few days, learning more about personal finance than in my whole life up to this point and sending myself into a rabbit hole of blogs, forums, wikis and podcasts about financial independence, and even. Many of us have investments and now need to move things around to fit the advice of the book. As with a lot of these book, it is really great, but if you are not based in the US it will leave you with some questions as to how you do the equivalent in your own country. Super readable book, approachable and fun tone. I say the knowledge of FIRE (financial independence retire early) gives compound interest a run for its money. Ive now read quite a few books on personal finance and this will likely become my go-to recommendation for family and friends who are looking for an introduction to building wealth. This book helped to reaffirm and clarify my personal financial values. This page works best with JavaScript. This book makes the path to financial independence clear and easy to follow. I really wish I had read this book a few years earlier and highly recommended to everyone. That said, if you are completely green to the topic, you will likely still want to do some of your own basic orientation to the differences between managed mutual funds. He really did that!!! Still. His simple, direct, and low impact investing style has changed how I invest. If you answered yes to any of the above questions stop reading this review and buy and read this book immediately - you will not be disappointed. So I was caught completely off guard with this book — wanted to read a few chapters out of curiousity, but ended up devouring the whole book in a few days, learning more about personal finance than in my whole life up to this point and sending myself into a rabbit hole of blogs, forums, wikis and podcasts about financial independence, and even digging through Ukrainian investing tax laws. Overall I think the advice given in this book is helpful and easy to understand. Not only is the path simple, but the writing is fun and easy to read. Over dinner a few months ago, I asked a colleague what should you invest in? Other than that, it’s perfect. Avoid debt save your money invest in index funds which are low-cost and easy to manage. The Simple Path to Wealth Review. 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 Early) community. Book Review: The Simple Path to Wealth. I enjoyed this and it's coming at a good time in my life :) I listened to this on Audible and enjoyed the narration as well. I had no idea what a Roth IRA is and this just blew my mind. This book helped to reaffirm and clarify my personal financial values. Often, it is ignored and avoided as a topic of conversation, but Jim Collins outlines the basics for anybody interested in taking control of their own financial education. 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. 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 appropriate income for you to retire early and live comfortably. It covers debt, savings, investing, and strategies for retirement in a way that’s clear and easy to understand. I know why Vanguard's VTSAX and its low expense ratio are the best choice. Welcome back. Seeking to help, he says: “You know, if you could learn to cater to the king, you wouldn’t have to live on rice and beans.” To which the monk replies: “If you could learn to live on rice and beans, you wouldn’t have to cater to the king.” Most all of us fall somewhere between the two. I'm absolutely hooked! Not only is this friend willing to share the way, it’s is not even a scam or get rich quick scheme. It is written in plain enough language that even those with limited experience in investing can understand. I came to very much the same conclusions but it took me almost forty years and tens of thousands of dollars of so called financial planner fees to get there. We’d love your help. A peek into The Simple Path to Wealth May(1) It's better in the wind. The Simple Path to Wealth Portfolio is precisely that. Let us know what’s wrong with this preview of, Published Lisez des commentaires honnêtes et non biaisés sur les produits de la part nos utilisateurs. These were all terms that I'd vaguely heard of before but now I actually understand and have put into use. Share. Bill Gates Picks 5 Good Books for a Lousy Year. While he is a little more prescriptive in what he advises people should do, and it definitely involves coming to grips with some hard truths, I so appreciate how candidly and simply he explains the what and why of many financial choices. Summary. Share. 2,999 global ratings | 1,169 global reviews. Now that I’m done reading The Simple Path to Wealth by JL Collins, I feel confident in recommending it to any and everyone. Collins, the author (part two of the interview is here). Invest your savings in low-cost index funds. JL Collins Simple Path to Wealth Portfolio ETF Pie for M1 Finance. You’ll walk away with a practical toolkit to achieving financial freedom with minimal effort. Literally gained thousands of dollars after following this advice, Reviewed in the United States on December 20, 2017. Read honest and unbiased product reviews from our users. That said, if you are completely green to the topic, you will likely still want to do some of your own basic orientation to the differences between managed mutual funds, index funds, and the differences between stocks and bonds. “There are many things money can buy, but the most valuable of all is freedom. 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). I find I agree with most of his thinking. Avoid. The Simple Path To Wealth, by Jim L. Collins, is about investing simply to amass enough money to reach Financial Independence. Hands down one of the best financial books I’ve ever read or heard about. The Simple Path to Wealth Book Review. The best we can scrape up is around 15% even if I stopped giving the 10% that would still only give me 25%. By Thriftygal | June 20, 2016. It’s a welcome and refreshing introduction to the topic that even those with experience will get value from. It truly can change your life. Book Review: The Simple Path to Wealth by JL Collins. Not extremely helpful for a 40 something with a family. Are the ideas depicted revelant to people living in dveloping coutries like India ? If he really wants people to believe he is not getting paid by Vanguard to write this book (which I don't believe he is) he would include this information. I … The Simple Path to Wealth - Book Review 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. Reviewed in the United States on July 14, 2019. It’s perfect for anyone trying to break through the seemingly complex topic of investing. Very America finance focused, but that was disclaimed beforehand. Now a couple years into my 30s (and thoroughly freaked out at where the time has gone), I've finally gotten to a point where I'm willing to budget (a word that made me cringe before) and plan for a future that doesn't have me doing what I've spent the last 10 years trudging through. 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. Here’s a breakdown of what … Now I have read a book about it. J. L. Collins’s outstanding The Simple Path to Wealth (2016) is the investment book for beginners, intermediates and experts. Better in the United States on January 1, 2018 couple with one... Gained thousands of dollars after following this advice, reviewed in the most forward. 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