The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life by JL Collins
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Investment is filled with disinformation and uncertainty. The Simple Path to Wealth is an audiobook by JL Collins that serves as map for those who need some guidance in order make it to financial independence and a rich life.
The audiobook consists of a compilation or several letters mostly about money and investing that were meant for the author’s daughter, but she was not ready to hear it.
And the fact is that money is the most important tool that we have nowadays, and we need to understand how it works in order to be able to get around in life. However, not everybody is as passionate as the author about money, so he decided to create an audiobook in order to save a lot of time and effort to his daughter.
Since most people make invest endlessly complex in order to be the only ones benefited from it, the author had to come up with the simplest and most powerful approach he couldn’t think of in order for his daughter to be able to avoid being victimized in this competitive world of investment.
The audiobook explains many important and complex terms in a simple and understandable way
The blogger JL Collins has created the audiobook “The Simple Path to Wealth” which is a personal finance book, where you will be able to find very important information regarding how to avoid debt, how to save and how to invest. Furthermore, it is an audiobook that will teach you how to use money to buy your own freedom.
It is not about retirement, it is more about having options, is what Collins thought about. So he came up with an easy approach that has some basic principles like: Avoid and eliminate debt, increase your saving rate by spending less of what you earn, then, spend what you have managed to save in low-cost index funds, and finally manage your own financial life by ignoring the financial news.
He explains this in a very simple way and also recommends you to avoid hiring or following financial “experts”, gurus other kinds of guides and learn how to manage your own financial life.