📚 Book Review: The Simple Path to Wealth by JL Collins

Cover of the book "The Simple Path to Wealth" by JL Collins, featuring a hand-drawn yellow path leading toward distant mountains, symbolizing the journey to financial independence and a rich, free life
Cover of the book "The Simple Path to Wealth" by JL Collins, featuring a hand-drawn yellow path leading toward distant mountains, symbolizing the journey to financial independence and a rich, free life
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The Simple Path to Wealth
Publisher: CreateSpace Independent Publishing Platform
284 pages

💡 What’s It About?

This book is a straight-shooting guide to financial freedom. JL Collins breaks down investing in a way that’s simple, clear, and even fun.

Originally written as letters to his daughter, The Simple Path to Wealth teaches readers how to build wealth through smart saving, low-cost index fund investing, and living below your means. It skips the fluff and fear-mongering found in many money books.

If you’re tired of confusing advice or flashy stock-picking strategies, this book shows a better way.

✅ Why It’s Worth Reading

  • No-nonsense advice. Collins gives clear steps. No jargon. No guesswork.
  • Focuses on index funds. He explains why they work, how they beat most actively managed funds, and how to use them.
  • Great for beginners. Even if you’ve never invested a dollar, you’ll walk away confident.
  • Mindset shift. It’s not just about money. It’s about freedom, control, and living life on your terms.

This isn’t just another personal finance book. It’s the kind of book you’ll reread—and recommend.

📝 Key Takeaways

  • “Spend less than you earn—invest the surplus—avoid debt.” That’s the formula.
  • The stock market works—if you stay the course. Don’t try to time it.
  • VTSAX is king. A low-cost total stock market index fund is enough.
  • Freedom matters more than stuff. Money buys time, not things.

📌 Best Quote

“The simple path to wealth is to avoid debt, save money, and invest in low-cost index funds.”

đŸ‘„ Who Should Read It?

  • Young professionals starting their financial journey
  • Anyone who wants to retire early (or just stop worrying about money)
  • People confused or frustrated by complex investing advice
  • Fans of FIRE (Financial Independence, Retire Early)

🏁 Final Verdict

If you only read one book about money, make it this one. It’s smart. It’s simple. And it works. For more tips and insights, head over to the Investillect blog.

Rating: 5 out of 5.

Pickup a copy here

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