The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life
| Author | : | |
| Rating | : | 4.70 (905 Votes) |
| Asin | : | B0725RFDPY |
| Format Type | : | |
| Number of Pages | : | 525 Pages |
| Publish Date | : | 2017-05-20 |
| Language | : | English |
DESCRIPTION:
Here's an important truth: Complex investments exist only to profit those who create and sell them. This book grew out of a series of letters to my daughter concerning various things - mostly about money and investing - she was not yet quite ready to hear. The simple approach I created for her and present now to you is not only easy to understand and implement, it is more powerful than any other. Unfortunately, benign neglect of things financial leaves you open to the charlatans of the financial world. The people who make investing endlessly complex, because if it can be made complex it becomes more profitable for them, more expensive for us, and we are forced into their waiting arms. Together we'll explore: Debt: why you must avoid it and what to do if you have it The importance of having f-you money How to think about money, and the unique way understanding this is key to building your wealth Where traditional investing advice goes wrong and what actually works What the stock market really is and how it really works Why the stock market always goes up and why most people still lose money investing in it How to invest in a raging bull or bear market Specific investments to implement these strategies The Wealth Building and Wealth Preservation pha
K. Knox said Simple and clear, but overly optimistic and aggressive about stocks. Five+ stars for clarity and conciseness, but a one star deduction for investment recommendations that are both overly simple and overly optimistic. For those still in the accumulation phase, and particularly for those just starting their working and investing lives this book would be by far my number one recommendation, but real or prospective (and especially early) retirees would be far better served by other books, such as Darrow Kirkpatrick's "Can I Retire Yet"?The author recommends just thre. I detailed the reasons why the author got five stars. Steve Schullo I liked the author’s podcast interview by the respected, data driven and the whimsical Mad Fientist. I bought this book for two important reasons: it was self-published and the author’s persistent reference to Jack Bogle’s genius. I support self-published financial authors because the traditional publishers deploy editors to tweak the author’s voice, and original story, to make the final “processed” book more sellable. Instead, self-published authors do not ha. It was pretty much his blog posts with a little bit extra Finished this book in a fiery bout of 3 days. It was pretty much his blog posts with a little bit extra. However, if you have never heard of the blog and are just stumbling upon this book, here's why I rate it 5 stars:It offers well supported investment advice. I've read other investment books, and there is just so much crap and pseudoscience about picking winning stocks or how to evaluate companies or blah blah. The book's stance is against this kind of thinking in investing, and it's pretty re