
The Simple Path to Wealth
Your Road Map to Financial Independence and a Rich, Free Life
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Narrateur(s):
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JL Collins
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Peter Adeney
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Auteur(s):
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JL Collins
À propos de cet audio
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.
Since money is the single most powerful tool we have for navigating this complex world we've created, understanding it is critical.
"But Dad," she once said, "I know money is important. I just don't want to spend my life thinking about it." This was eye-opening. I love this stuff. But most people have better things to do with their precious time. Bridges to build, diseases to cure, treaties to negotiate, mountains to climb, technologies to create, children to teach, businesses to run.
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.
Here's an important truth: Complex investments exist only to profit those who create and sell them. Not only are they more costly to the investor, they are less effective.
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.
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 phases of your investing life and why they are not always tied to your age
- How your asset allocation is tied to those phases and how to choose it
- How to simplify the sometimes confusing world of 401(k), 403(b), TSP, IRA, and Roth accounts
- TRFs (target retirement funds), HSAs (health savings accounts), and RMDs (required minimum distributions)
- What investment firm to use and why the one I recommend is so far superior to the competition
- Why you should be very cautious when engaging an investment advisor and whether you need to at all
- Why and how you can be conned, and how to avoid becoming prey
- The truth behind Social Security
- A case study on how this all can be implemented in real life
PLEASE NOTE: When you purchase this title, the accompanying reference material will be available in your Library section along with the audio.
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There are four characters in every story: the victim, the villain, the hero, and the guide. These four characters live inside us. If we play the victim, we’re doomed to fail. If we play the villain, we will not create genuine bonds. But if we play the hero or guide, our lives will flourish. The hard part is being self-aware enough to know which character we are playing. In this book, Donald will use his own experiences to help you recognize if the character you are currently surfacing is helping you experience a life of meaning.
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I Will Teach You to Be Rich
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- Auteur(s): Ramit Sethi
- Narrateur(s): Ramit Sethi
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Au global
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Performance
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Histoire
Buy as many lattes as you want. Spend extravagantly on the things you love. Live your rich life instead of tracking every last expense with Ramit Sethi’s simple, powerful, and effective six-week program for gaining control over your finances. This isn’t typical advice from a money expert. In this completely updated second edition, Ramit teaches you how to choose long-term investments and the right bank accounts. With his characteristic no-BS perspective, he shows how to squeeze every hidden benefit out of your credit cards.
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not good was to vague, I wouldnt reccomend it.
- Écrit par Utilisateur anonyme le 2019-07-05
Auteur(s): Ramit Sethi
Ce que les critiques en disent
Anyone can do this
Please listen to this book
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great read
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The best!
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One of the key books on personal finance
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Regardless, it does paint a clear picture on just how much money invested that you need to support your lifestyle in retirement and to be financially independent, while explaining how to actually get there.
Ps. Be prepared for this to be a several hour long Vanguard advertisement.
Good concepts, not realistic numbers in 2024 though
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An Effect Way to Build Wealth
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Highly recommended
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excellent for a beginner investor and any one who wants to learn more.
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all you need to know and then more
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Takes the fear out of investing!
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