The Simple Path to Wealth Quotes

“If it looks too good to be true, it is. There is no free lunch. Not ever. Your mama taught you this. She was right. Listen to your mama.”
― J.L. Collins, The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life

“A little humility goes a long way in saving your ass and your cash.”
― J.L. Collins, The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life

“There is no risk-free investment. Once you begin to accumulate wealth, risk is a fact of life. You can’t avoid it; you only get to choose what kind.”
― J.L. Collins, The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life

“Stop thinking about what your money can buy. Start thinking about what your money can earn. And then think about what the money it earns can earn. Once you begin to do this, you’ll start to see that when you spend money, not only is that money gone forever; the money it might have earned is gone as well. And so on.”
― J.L. Collins, The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life

“Stop thinking about what your money can buy. Start thinking about what your money can earn. And then think about what the money it earns can earn.”
― J.L. Collins, The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life

“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.”
― J.L. Collins, The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life

“One of my very few regrets is that I spent far too much time worrying about how things might work out. It’s a huge waste, but it is a bit hardwired into me. Don’t do it.”
― J.L. Collins, The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life

“When”
― JL Collins, The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life

“Spend less than you earn—invest the surplus—avoid debt”
― JL Collins, The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life

“If you reach for a star, you might not get one. But you won’t come up with a hand full of mud either.” — Leo Burnett”
― JL Collins, The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life

“If it sounds too good to be true, it is. Not "it could be" or "it might be." It is.”
― J.L. Collings, The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life

“If it is too good to be true, it is. Not "it could be" or "it might be." It is.”
― J.L. Collings, The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life

“One of my few regrets is that I spent far too much time worrying about how things might work out. It's a huge waste, but it is a bit hardwired into me. Don't do it.”
― J.L. Collings, The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life

“To this day it stuns me to read about some middle-aged guy laid off from his job of twenty years and almost instantly broke. How does anyone let that happen? It is the result of failing to master money.”
― J.L. Collins, The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life

“Stop thinking about what your money can buy. Start thinking about what your money can earn. And then think about what the money it earns can earn. Once you begin to do this, you’ll start to see that when you spend money, not only is that money gone forever, the money it might have earned is gone as well. And so on.”
― J.L. Collins, The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life

“a crash at the beginning of your investing life is a gift.”
― J.L. Collins, The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life

“our investments are the soul of simplicity.”
― J.L. Collins, The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life

“the market and the value of your shares will sometimes drop dramatically. This is absolutely normal and to be expected. When it happens, ignore the drops and buy more shares.”
― J.L. Collins, The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life

“In summary: Withdrawing 3% or less annually is as near a sure bet as anything in this life can be. Stray much further out than 7% and your future will include dining on dog food. Stocks are critical to a portfolio’s survival rate. If you absolutely, positively want a sure thing and your yearly inflation raises, keep your withdrawal rate under 4%. And hold 75% stocks/25% bonds. Give up those yearly inflation raises and you can push up towards 6% with a 50% stock/50% bond mix. In fact, the authors of the study suggest you can withdraw up to 7% as long as you remain alert and flexible. That is, if the market takes a huge dive, cut back on your withdrawals and spending until it”
― J.L. Collins, The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life

“Everybody makes money when the market is rising. But what determines whether it will make you wealthy or leave you bleeding on the side of the road is what you do during the times it is collapsing. 3.”
― J.L. Collins, The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life

“Being independently wealthy is every bit as much about limiting needs as it is about how much money you have. It has less to do with how much you earn—high-income earners often go broke while low-income earners get there—than what you value. Money can buy many things, none of which is more important than your financial independence. Here’s the simple formula: Spend less than you earn—invest the surplus—avoid debt”
― J.L. Collins, The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life

“Before you start trying to pick individual stocks and/or fund managers ask yourself this simple question: “Am I Warren Buffett?” If the answer is “no,” keep your feet firmly on the ground with indexing.”
― J.L. Collins, The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life

“thinking about what your money can buy. Start thinking about what your money can earn. And then think about what the money it earns can earn. Once you begin to do this, you’ll start to see that when you spend money, not only is that money gone forever, the money it might have earned is gone as well. And so on.”
― J.L. Collins, The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life

“Low-cost, broad-based index”
― J.L. Collins, The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life

“Everybody makes money when the market is rising. But what determines whether it will make you wealthy or leave you bleeding on the side of the road is what you do during the times it is collapsing”
― J.L. Collins, The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life