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 ebook grew out of a sequence of letters to my daughter regarding numerous issues – principally about cash and investing – she was not but fairly prepared to listen to. Since cash is the only strongest software we’ve for navigating this advanced world we have created, understanding it’s important. “However Dad,” she as soon as stated, “I do know cash is essential. I simply do not wish to spend my life desirous about it.” This was eye-opening. I really like these items. However most individuals have higher issues to do with their valuable time. Bridges to construct, illnesses to treatment, treaties to barter, mountains to climb, applied sciences to create, kids 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 advanced, as a result of if it may be made advanced it turns into extra worthwhile for them, dearer for us, and we’re pressured into their ready arms. This is an essential fact: Complicated 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 easy method I created for her and current now to you isn’t solely straightforward to know and implement, it’s extra highly effective than another. Collectively we’ll discover: Debt: why you will need to keep away from it and what to do when you’ve got it The significance of getting f-you cash How to consider cash, and the distinctive means understanding that is key to constructing your wealth The place conventional investing recommendation goes improper and what really works What the inventory market actually is and the way it actually works Why the inventory market all the time goes up and why most individuals nonetheless lose cash investing in it Tips on how to 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 all the time tied to your age How your asset allocation is tied to these phases and the way to decide on it Tips on how to simplify the typically complicated world of 401(okay), 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 to this point superior to the competitors Why you need to be very cautious when participating an funding advisor and whether or not it’s essential to in any respect Why and how one can be conned, and how one can keep away from turning into prey Why I do not suggest greenback value averaging What monetary independence appears like and how one can have your cash help you What the 4 P.c Rule is and how one can use it to securely spend your wealth The reality behind Social Safety A case research on how this all will be carried out in actual life