Today I’m excited to share with you this site’s first book review, and I can’t imagine a better book to start with: The Simple Path to Wealth by JL Collins. Collins began his foray into personal financial writing back in 2011 and has developed a tremendous following over at jlcollinsnh.com based on a series of posts he wrote about investing in the stock market. This book is the natural outgrowth of those excellent posts.
It’s difficult for me to say enough good things about this book, because it’s just so well done and simplifies the sometimes scary world of investments so beautifully. Anyone can read this book and feel confident in their investments based on a century of market history.
For those familiar with another of my favorite books, Your Money or Your Life, this is the book you’ll want to read after you’ve completed that book’s steps about reorienting your life out of mindless consumption, eliminating your debt, and you are ready to begin or you are already investing toward financial independence.(Although Collins does touch on debt and basic principles about spending money, this book mostly assumes you already understand those concepts and are ready to get rich.) The books are really perfect complements for each other. Put another way, The Simple Path to Wealth is one of two pillars everyone who wants to take control of their money should read. Your Money or Your Life addresses the why of money, and The Simple Path to Wealth addresses the how of it….