The Simple Path to Wealth by JL Collins: Book Review

If you are interested in personal finance, you might have heard of <The Simple Path to Wealth by JL Collins>. This book is a personal finance guide that was published in 2016, based on the letters that the author wrote to his daughter. The author started investing in 1975 and shares his investment experience and wisdom in this book.

The main content of this book is as follows.

• The purpose of personal finance is to achieve freedom and happiness. Therefore, the author recommends simple and safe investment methods rather than complex and risky ones.

• The most important tool for personal finance is F-You Money. F-You Money means having enough money to live the way you want. With F-You Money, you can reduce stress and pressure from work and choose a job that aligns with your values.

• The simplest way to invest is to invest in the stock market. The author claims that the stock market always rises in the long run and brings profits to investors. Therefore, the author suggests investing in index funds or ETFs that follow the entire market, rather than individual stocks or active trading.

• The safest way to invest is to eliminate debt. The author says that debt is the biggest enemy of personal finance and paying off debt gives a higher return than investing. Therefore, the author emphasizes reducing unnecessary spending and debt, and increasing saving and investing.

This book explains the basic principles and methods of personal finance in an easy and friendly way. The author also adds his personal stories and humor, making it fun to read. This book will help you reduce fear and confusion about personal finance and make your own financial plan.

You can buy this book on Amazon. Click here to go to Amazon. If you buy the book that I recommended, I will receive a referral fee. This will help me a lot and allow me to create better content. Thank you.