Your Road Map to Financial Independence and a Rich, Free Life

The Simple Path to Wealth

JL Collins

Cover of The Simple Path to Wealth
The Simple Path to Wealth
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Personal finance#money#investing

The Simple Path to Wealth

Your Road Map to Financial Independence and a Rich, Free Life

Written byJL Collins

Collins explains investing in plain language: avoid debt, spend less than you earn, and invest the difference in low-cost index funds over the long term.

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  • Published2016
  • GenrePersonal finance
  • Key ideas3
  • Summary1 min read

The summary

Key ideas in 1 minute.

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  1. 01Avoid debt

    Debt works against building wealth; pay it off and avoid adding more.

  2. 02Spend less than you earn

    The gap between income and spending is what lets you invest.

  3. 03Keep investing simple

    Low-cost, broad index funds held for years beat trying to pick winners.

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Avoid debt

Debt works against building wealth; pay it off and avoid adding more. Pick one small way to put this into practice before tonight.

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