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The Simple Path to Wealth: Your road map to financial independence and a rich, free life

4.45  ·  Rating details ·  16,923 ratings  ·  1,524 reviews
“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. You'll never find a wiser advisor with a bigger heart.” -- Malachi Rempen: Filmmaker, cart ...more
Kindle Edition, 288 pages
Published June 17th 2016 by
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Popular Answered Questions
MADHUKAR DAYAL No. This is not an Economics book; it is a personal savings, retirement planning, and for that how to carve out a simple plan book.
Arpit Shah The Advice and strategy he has shared will be helpful. Examples are taken from International Stock Market hence I might not be relevant but overall it…moreThe Advice and strategy he has shared will be helpful. Examples are taken from International Stock Market hence I might not be relevant but overall it will help to plan and secure the future financially.(less)

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Average rating 4.45  · 
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 ·  16,923 ratings  ·  1,524 reviews

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Enrique Mañas
Jan 27, 2017 rated it liked it
The Simple Path to Wealth contains a first section I will convene in denominating behavioral and another part with technical investment information.

- Avoid debt at all costs.
- Avoid fiscally irresponsible people and do not marry them.
- Spend the next decade working your ass off.
- Take low living expenses.
- Do not certainly spend more than you earn (do not get trapped by an expansive lifestyle).
- Save and invest over 50% of your income.
- Avoid financial advisors.

- Avoid multipl
May 31, 2018 rated it really liked it
Solid book on investment and portfolio building. I really wish I had read this book a few years earlier and highly recommended to everyone.

Things to avoid
1. Avoid debt.
2. Avoid fiscally irresponsible people. Never marry one or otherwise give him or her access to your money.
3. Eliminate all non-essential spending
4. Avoid investment advisors.
5. Never buy stocks on margin.
6. Safety is a bit of an illusion. Don't fall for it.
7. Spending too much time worrying about how things might work out. It’s a
Sep 29, 2017 rated it really liked it
The kind of person who reads this book is the kind of person who already knows about the concept of financial independence, index funds and the "4% rule." 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.

If you ARE that kind of person, this book is worth reading. It is an easy read. It is easy to reference. It is immediately applicable. And it will probably tie together a lot of your
Sep 08, 2022 rated it really liked it
We can learn a few important principles to follow when you want to achieve financial freedom.

Most of the investment examples in this book are practical in the United States.

Overall, I learn a lot from this book. Thanks.
Tramaine Gillus
May 26, 2018 rated it it was amazing  ·  review of another edition
Shelves: favorites
Now that I’m done reading The Simple Path to Wealth by JL Collins, I feel confident in recommending it to any and everyone. If something were to happen to me and I needed to leave one financial tool to my kids, it would be this book. This book helped to reaffirm and clarify my personal financial values.

If you’re looking for a way to make a quick buck, this isn’t the book for you. But if you are interested in a book that explicitly lays out sound principles and advice and encourages financial dis
May 05, 2020 rated it liked it
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. Now I have read a book about it.

This book made a small part of me excited how compound interest grows over a long time. The subject made a bigger part of me depressed that money fucks a lot of people over and this books really expose
Marco G
Apr 14, 2019 rated it liked it
Kind of useless book if you're not freshly out of college. I'll save you some money and spoil this. 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. What do you do? Those answers aren't in this book but the core philosophies are sound. Avoid d ...more
Feb 18, 2018 added it
Here's what I learned in each chapter:

Ch 10 - Keeping it simple: considerations and tools
* You only need these two tools: VTSAX, VBTLX

Ch 12 - Bonds
* When you buy bonds, you're loaning money to a company or government agency.
* Municipal bonds are issued by governments and government agencies at the state and local levels to fund public work projects like schools, airports, sewer systems, etc.
* Municipal bonds are exempt from federal-income taxes and usually from state income taxes for the state t
Gabrielė Bužinskaitė
Sep 25, 2020 rated it really liked it
A book that doesn't tell you the "secret way" of getting rich fast. Nor does it tell you the way of picking the best stocks that will fly to the moon. It certainly doesn't tell you anything new than what you already know, but, perhaps, don't believe.
I think that's what I needed the most — real, myth-destroying conversation about long-term way of accumulating wealth. I deeply respect the author for that.
His principles are simple, just as the title suggests. Avoid debt, spend less than you earn
Thomas Margot
Jan 15, 2021 rated it it was ok
Pretty much useless if you don't live in the US. Half of the book is about 401k's, roth accounts, tax optimization, HSA's... If you're not an American it's a whole lot of useless information. The other half of the book is about VTSAX but you can't even buy that fund in Europe and even if you could it's not even recommended anyway (stuff like "no currency risk" isn't relevant if you live in a country with euros). He also has a huge boner for Vanguard. A lot of the book is repetition. There are so ...more
Jan 06, 2017 rated it it was amazing
This book is squarely about the slow-and-steady side of financial independence. It's not really about gaming the system or getting out of debt or complicated investment strategies and such.

I love J.L. Collins' site ( I like his book too. It's pretty much the same kind of content, only more edited - less snarky, a bit less controversial. I'm surprised "Why your house is a terrible investment" wasn't discussed, actually. I did appreciate his perspectives on the wealth-conservation
Rylee Richard
Nov 10, 2020 rated it it was amazing  ·  review of another edition
Shelves: 5-star
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. I'm dreading the passing of another decade where I'm still doing the same thing with no end in sight.

Enter The Simple Path to Wealth.

While I have no idea if I can stick to saving 50% of my income, or have confidence
Jan 25, 2018 rated it it was amazing
Shelves: favorites
This is the most straight forward investment book I've found. It should be required reading for all college students. ...more
Lynn Cahoon
Mar 31, 2020 rated it it was amazing
Down to earth advice.
Apr 07, 2018 rated it it was amazing
I absolutely loved this book. It was straight to the point and offered clear advice. It’s perfect for anyone trying to break through the seemingly complex topic of investing.
Amy Landino
Dec 09, 2020 rated it it was amazing
Best investing book ever. He actually wrote for the people who need it broken down to be much more understandable and actionable. Loved it!
Brandi Johnson
We are paying our house off this month and, after doing so, will be completely debt free. This gives us quite a bit of financial freedom but also gives us pause: what do we do with our income now? Where do we put it so it will work for us and not the other way around?

Acquiring wealth appears to be one of the simplest things to do, but not necessarily the easiest.

This book lays it all out, in simple terms and manageable bite sized chunks. Investing doesn't have to be scary; Jim does a great job o
Thijs Niks
Jun 05, 2017 rated it really liked it
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. I preferred his series of blogposts on the same topic. ...more
Ebi Atawodi
Jun 10, 2020 rated it really liked it
Over dinner a few months ago, I asked a colleague what should you invest in? He recommended I read this book and goodness I wish I had sooner. JL Collins really lays this down in the most simple, easy to digest way possible. Making your money work for you shouldn’t be complicated and the rationale behind his reasoning is pretty solid. So simple it is concerning how much financial managers profit off our ignorance.

I only wish it had more of a European/International perspective, I gave this book
Literatures Movies
May 15, 2022 rated it it was amazing
What a delightful read. If there is one book to be read on investing and low-stress money managing, this book would be it. Definitely a must-read, especially for youths.

Jan 25, 2022 rated it really liked it
Very easy to read and understand. A great tool for those learning about investing.
Ricardo Figueira
Apr 14, 2022 rated it really liked it
A bit too US centric at times, but it’s a great defense of FIRE ideas and how to go about implement them. It definitely convinced to get rid of some overly complex investments :)
Sean Dalton
May 01, 2020 rated it it was amazing
I really enjoyed this. It’s short, yet practical and easy to digest investment advice. I recommend for anyone interested in starting their investment journey or anyone looking to simplify their investment approach. The author is insightful and easy to follow along with, even when things start to get a bit technical in later chapters.

This book helped calm me during the early stages of the coronavirus recession.

Note This is heavily US biased, but the early chapters are super relevant for anyone t
Alex MacMillan
May 08, 2019 rated it really liked it
Shelves: re-read, audiobook
“Stop thinking about what your money can buy. Start thinking about what your money can earn.” … “There are many things money can buy, but the most valuable of all is freedom. Freedom to do what you want and to work for whom you respect. Those who live paycheck to paycheck are slaves. Those who carry debt are slaves with even stouter shackles.”

This is probably the best personal finance book I will ever read. J.L. Collins investment strategy is based on the fundamental premise that happiness is no
Oct 03, 2020 rated it really liked it
Shelves: finance
Every few years it's good to re-read your favourite personal finance book (for me: Millionaire Teacher) or a similar book that reinforces your strategy and encourages you to stick to it. Learning through repetition.

This book didn't have any major new insights for me, but was a great, funny and engaging reinforcement of the core principles. Save lots and use low-cost index funds. JL Collins is a great writer but before you read the book, watch a few of his videos on YouTube so you "hear" the boo
Simon Eskildsen
Aug 20, 2017 rated it liked it
Been doing passive investing for years, although with my primary resource being the Internet, my knowledge has been a bit sparse. I still have many questions, and wanted to find a comprehensive piece that'd inevitable answer some of them, such as: Why is it OK to have 50-100% of your portfolio in the US market? Why is the standard withdrawal rate adjusting for inflation 4%, and not 5%? When should you invest lump-sum, or do dollar-cost averaging? Among others. Something I wish this book had gone ...more
Kevin Kuehn
Jul 05, 2016 rated it it was amazing
Financial literacy is so often taken for granted. 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. There are so many things that he explains that I wish I would have known ten years ago. 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 expla ...more
Jenny Daer Shields
May 15, 2020 rated it really liked it
Overall, this was an excellent read. I’ve 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. It is written in plain enough language that even those with limited experience in investing can understand. 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, ...more
Krishna Kumaar
Jan 09, 2021 rated it it was amazing
I am one amongst many leading towards F.I.R.E.

I was already aware of many of the investment strategies recommended by the author. However, the way he kept that simple, short will make it easy to understand for a noob and that is a big win here. I am going to recommend this to my friends who're in the "wealth accumulation" phase.

If you're one of those who had rightly predicted BITCOIN/ TESLA growth and invested on those, more power to you and this book isn't for you :)

I was always thinking/ convi
Jordan Shirkman
Feb 11, 2021 rated it really liked it
Collins lays out one of the simplest approaches to investing (including which index fund he uses) and provides a compelling argument for putting all of your eggs in that one basket of a total market index fund.

Some of his goals are lofty (investing 50%+ of your income) if you don’t follow all of his advice (wait until your fully financially independent before having kids), but the concepts still apply, even if you’re not ready to make like Abraham and Sarah in your family-planning strategy. Mos
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#debtfreecommunity: November: The Simple Path to Wealth 1 17 Apr 13, 2019 08:18AM  

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In the world of books, witches have been enjoying something of a moment lately. Stories about witches go waaaay back, of course. But in the...
75 likes · 10 comments
“A parable: The Monk and the Minister Two close boyhood friends grow up and go their separate ways. One becomes a humble monk, the other a rich and powerful minister to the king. Years later they meet. As they catch up, the portly minister (in his fine robes) takes pity on the thin and shabby monk. 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. As for me, it is better to be closer to the monk.” 15 likes
“There are many things money can buy, but the most valuable of all is freedom. Freedom to do what you want and to work for whom you respect.” 13 likes
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