Summary of J.L. Collins's The Simple Path to Wealth

Get the Summary of J.L. Collins's The Simple Path to Wealth in 20 minutes. Please note: This is a summary & not the original book. Original book introduction: 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.

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Rafbók: 4 april 2021