Download Audiobook The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life by JL Collins in English

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


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This e-book grew out of a sequence of letters to my daughter regarding varied issues – largely about cash and investing – she was not but fairly prepared to listen to. Since cash is the one strongest instrument we now have for navigating this complicated world we have created, understanding it’s vital. “However Dad,” she as soon as mentioned, “I do know cash is vital. I simply do not need to spend my life excited about it.” This was eye-opening. I like these items. However most individuals have higher issues to do with their treasured time. Bridges to construct, ailments to treatment, treaties to barter, mountains to climb, applied sciences to create, youngsters to show, companies to run. Sadly, benign neglect of issues monetary leaves you open to the charlatans of the monetary world. The individuals who make investing endlessly complicated, as a result of if it may be made complicated it turns into extra worthwhile for them, dearer for us, and we’re compelled into their ready arms. Here is an vital fact: Advanced investments exist solely to revenue those that create and promote them. Not solely are they extra pricey to the investor, they’re much less efficient. The straightforward method I created for her and current now to you is just not solely simple to know and implement, it’s extra highly effective than another. Collectively we’ll discover: Debt: why you need to keep away from it and what to do you probably have it The significance of getting f-you cash How to consider cash, and the distinctive method understanding that is key to constructing your wealth The place conventional investing recommendation goes unsuitable and what really works What the inventory market actually is and the way it actually works Why the inventory market at all times goes up and why most individuals nonetheless lose cash investing in it How you can spend money on a raging bull or bear market Particular investments to implement these methods The Wealth Constructing and Wealth Preservation phases of your investing life and why they don’t seem to be at all times tied to your age How your asset allocation is tied to these phases and the way to decide on it How you can simplify the typically complicated world of 401(ok), 403(b), TSP, IRA, and Roth accounts TRFs (goal retirement funds), HSAs (well being financial savings accounts), and RMDs (required minimal distributions) What funding agency to make use of and why the one I like to recommend is thus far superior to the competitors Why try to be very cautious when partaking an funding advisor and whether or not you should in any respect Why and how one can be conned, and tips on how to keep away from changing into prey Why I do not advocate greenback value averaging What monetary independence seems to be like and tips on how to have your cash assist you What the 4 % Rule is and tips on how to use it to soundly spend your wealth The reality behind Social Safety A case research on how this all may be carried out in actual life