Have you found yourself worrying about whether you’ll have enough money to cover increased costs of rent and real estate taxes over the next few years? How can you manage your finances after you retire?
These are very real fears that we face as older adults in an unpredictable economy – myself included!
Some of us probably waited too long to start making decisions about our finances or we just don’t like talking about money in general.
The good news is that it’s never too late to make better financial decisions in our lives. The even better news is that there are paths that get you there without taking on complex investments or putting all of your money in the unstable stock market.
Written initially as a series of letters to his daughter, JL Collins brings us an easy to understand book about The Simple Path to Wealth.
Your Road Map to Financial Independence
We may not like it (I know I don’t), but money is the most powerful tool we have for navigating the world in which we live.
Understanding it can be crucial to helping us feel more at ease, even if we don’t want to think about it.
As Collins’ own daughter put it, “I know money is important. I just don’t want to spend my life thinking about it.”
If you’re like his daughter and you have mountains to climb and lives to live, you’ll want a simpler approach to finances and investing than what the typical finance bros tell us we have to do.
In fact, Collins found that the more complex investments often don’t yield the best investments anyway.
Take the Simple Approach to Investing and Money
If you want to build your wealth, it can be a lot easier than you think it is. Reviews call this book perfect for beginners and the best financial book they’ve ever read because it lays out a very simple approach to building wealth and comfort with your money.
In The Simple Path to Wealth, Collins covers:
- Debt and what to do about it
- How to think about money and what financial independence really looks like
- What actually works with investing
- The basics of what the stock market actually is and how it works
- How to simplify the different retirement accounts
- Avoiding being prey to the wrong investment company
- Specific investments to implement his strategies
- And so much more
The truth is, The Simple Path to Wealth really is a wealth of knowledge in one, amazing book (no pun intended).
The many five star reviews highlight that it’s an easy read with excellent information that will make you a believer in investing and taking control of your finances.
If you’re ready to move past the fear and take control of your financial independence and wealth mindset, you’ll want to grab this book and see why thousands of readers swear by its teaching!