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Colby Smith's Reviews > The Simple Path to Wealth: Your road map to financial independence and a rich, free life
The Simple Path to Wealth: Your road map to financial independence and a rich, free life
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What I LOVED about this book is it not only explains personal finance simply (particularly investing), but it’s very ACTIONABLE.
This book was recommended by a friend of mine that I very much respect when it comes to his thoughts on finance (I also respect him overall as a person, he’s great.) When I ordered the book, I was curious how much I would learn, because I had considered myself pretty financially literate. Boy, was I pleasantly surprised. I learned a ton from this book! So much so that I truly believe this just changed my horizon as an investor and will get me to my retirement goals way more efficiently/faster with WAY less stress.
This book shows, through very credible sources and robust research studies, that a simple, broad based investment strategy (we’re talking about investing in a SINGLE total market index fund) will beat out a managed mutual fund (think investment firm) 82% of the time within a 10 year period (and it gets higher the longer you’re invested - 99% of the time if you take the years the study examines: 1975-2013). Isn’t that amazing, and simple!
That’s just a single highlight of this book. If that paragraph had intrigued you, I would highly recommend this book.
I will 100% be recommending this book to family and friends if they ever mention that they would like to better learn finance (particularly investing). I think overall, investing sounds scary to someone who knows little about it. But this book proves that it’s actually very simple and the best tool towards financial independence.
This book was recommended by a friend of mine that I very much respect when it comes to his thoughts on finance (I also respect him overall as a person, he’s great.) When I ordered the book, I was curious how much I would learn, because I had considered myself pretty financially literate. Boy, was I pleasantly surprised. I learned a ton from this book! So much so that I truly believe this just changed my horizon as an investor and will get me to my retirement goals way more efficiently/faster with WAY less stress.
This book shows, through very credible sources and robust research studies, that a simple, broad based investment strategy (we’re talking about investing in a SINGLE total market index fund) will beat out a managed mutual fund (think investment firm) 82% of the time within a 10 year period (and it gets higher the longer you’re invested - 99% of the time if you take the years the study examines: 1975-2013). Isn’t that amazing, and simple!
That’s just a single highlight of this book. If that paragraph had intrigued you, I would highly recommend this book.
I will 100% be recommending this book to family and friends if they ever mention that they would like to better learn finance (particularly investing). I think overall, investing sounds scary to someone who knows little about it. But this book proves that it’s actually very simple and the best tool towards financial independence.
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