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 varied issues – principally about cash and investing – she was not but fairly prepared to listen to. Since cash is the only strongest instrument we’ve for navigating this advanced world we have created, understanding it’s essential. “However Dad,” she as soon as stated, “I do know cash is necessary. I simply do not need to spend my life occupied with it.” This was eye-opening. I really like these things. 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, 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 advanced, as a result of if it may be made advanced it turns into extra worthwhile for them, costlier for us, and we’re pressured into their ready arms. This is an necessary 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 straightforward strategy I created for her and current now to you is just not solely straightforward to know and implement, it’s extra highly effective than some other. Collectively we’ll discover: Debt: why you should 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 approach understanding that is key to constructing your wealth The place conventional investing recommendation goes flawed 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 The best way to put money into 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 aren’t at all times tied to your age How your asset allocation is tied to these phases and the way to decide on it The best way to 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 you need to be very cautious when participating an funding advisor and whether or not you want to in any respect Why and how one can be conned, and how you can keep away from turning into prey Why I do not advocate greenback value averaging What monetary independence appears to be like like and how you can have your cash help you What the 4 % Rule is and how you 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