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“Beautifully written, a simple book that will have a profound impact on your life.” —Morgan Housel, partner at The Collaborative Fund and a former columnist at The Motley Fool and The Wall Street Journal
The Proven Guide from the Godfather of Financial Independence—Now comprehensively updated and expanded.
New edition includes: updated data, FAQ, a Simple Path to Wealth Punchlist, Resources & Tools.
What if the path to wealth isn’t about timing the market or picking hot stocks, or even about paying someone else to do it for you? What if it’s actually about following a radically simple plan that’s not only easier to implement, but also more lucrative than the alternatives?
Drawing from fifty years of investing experience, and born out of a series of letters the author wrote to his daughter, The Simple Path to Wealth has become foundational to the FIRE (Financial Independence, Retire Early) movement, inspiring hundreds of thousands of readers to reimagine their relationship with money and freedom.
Whether you care deeply about money, or never want to think about it at all, you’re living in a culture of spending. Everyone’s telling you that handing over your cash for this gadget, this potion, this lifestyle is the key to happiness. Meanwhile, the reality is that happiness is more likely to come from having the financial freedom to live the life you really want.
Whatever your relationship with money, you will be heartened by Collins’ essential insight, which is that simplicity beats complexity every time.
This comprehensive guide covers everything from debt elimination to optimizing retirement accounts, all while exposing the marketing myths and investment industry practices that keep most people from building real wealth. Collins shares specific, actionable strategies for both wealth-building and wealth-preservation phases, with a straightforward approach to asset allocation that anyone can implement.
Collins’ direct, often irreverent style makes complex financial concepts crystal clear, giving readers the tools and confidence to take control of their financial future.
More than just another investment book, The Simple Path to Wealth is a blueprint for financial independence – showing readers how to break free from the financial industry’s traps and live life on their own terms.
ASIN : B0DQJMVM59
Publisher : Authors Equity (May 20 2025)
Language : English
Hardcover : 320 pages
ISBN-13 : 979-8893310474
Item weight : 418 g
Customers say
Customers find the book provides valuable information on investing and retirement. They describe it as an engaging, informative read with a simple and straightforward approach. The writing style is clear and concise, making it easy for readers to understand.
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Lorraine S. –
Very well written in layman’s terms
What an easy and interesting read this is. It’s written in an extremely accessible style that truly anyone can understand, with really good advice. I purchased this book for my kindle at a discount but I would gladly have paid full price for it.
Leda Anne –
Do you have F-you Money?
The premise of this book is investing is simple. JL Collins states in the opening chapter: “Complex investments exist only to profit those who create and sell them.” The author argues index based investments with low fees perform better over time.His method involves elimination of debt, high savings state of 50% of income in investments and the importance of what he calls ‘F-You’ money. Collins advocates for financial freedom when it comes to money, rather than traditional thoughts about retirement.“Houses are an expensive indulgence, not an investment”–JL CollinsDebt has become normalized. It is not an acceptable part of life in any form. Mortgage debt is still debt: “seek the least house to meet your needs rather than the most house you can technically afford”. Student loans have to be paid back (even if bankruptcy is declared). Collins suggests listing all debts by interest rates (paying highest first), eliminating all spending that is not essential. Throughout the book there is a strong emphasis on not paying fees to money managers.People can have very high incomes and still not have any money. The key to ‘F-You’ money is being able to save money, invest it and live within one’s means. It sounds simple because it is simple. The author argues that index investments, such as Vanguard Total Stock Market Index Fund (VTSAX) beat the market compared to other fund management for long term investing. Stock market index funds, bond index fund and cash are the three simple elements of a portfolio that can be rebalanced once a year to meet the investor’s needs. Expect average returns over the long term and do not pay anyone to manage your money.According to the principles outlined in the The Simple Path to Wealth, Financial Freedom is when someone can live off of 4% of investments. The amount is highly variable based on the standard of living of the individual. Those who can learn to live frugally can reach this stage much earlier.
R M –
USA content only
I like 50% of the information. It’s practical and durable from a Canadian perspective. I recommend it.
Stan Hamilton –
The most important book you may ever read!
This is a must read for anyone who wants to significantly impact their financial future. It’s exactly as its title describes: a simple, no nonsense, achievable path to wealth. The author’s writing style is enjoyable and he communicates his life changing advice with occasional humour. If you were only able to read one more book for the rest of your life, this should be it!
Mamdouh Kaldas –
One of my absolute favourite investment books!
I got this book thinking ” what else can this book teach me?” But I was wrong!First of all, the books is so interesting and easy to read and digest with small chapters and very simple language.I love the Simple path it teaches and how easy he makes investing look like.Highly recommend!
Rob Cramer –
Great Finance lessons for beginners
Great book. A real eye opener. If you aren’t U.S. based then some of it is not directly applicable but this was an easy read that is extremely helpful for finance. Great for beginners.
sheldon1234 –
The simple path to Wealth
This book is a beginner level book for those I would say are scared of money and investing. This book targets young Americans and teachers them how to do the very easiest investment that will build them income over many years. The author only talks about 2 different options to generate income. Vanguards stocks/bonds index fundsThe books is useful for everyone however it talks about American accounts, tax laws, and markets. This book touches subjects, such as debt, stock prices rising and falling, holding out during tough times, how much to invest based on age/income etcVery helpful book for beginner investors and those who get scared and confused with money. Targets American audience however Canadians and others can read it too and just skip the 5/6 American tax/account chapters
Joey –
Mutual Index Funds The Way To Go
I feel like if I lived in the US, this would be a 6/5 rated book. The information here convinced me of the validity of mutual index funds which are different than ETF’s trades on the stock exchange.Now the author is keeping it simple with Vanguard but unlike the people who reviewed before and said the book was a turn off due to favouring Vanguard, JL explains the WHY behind it.I’m in Canada and can’t invest in the admiral shares of VTSAX, so I need to find the equivalent of that, but if I lived in the US, this could be the book that’s actionable which could lead to big results. Not too many books can do that. The best I can do with Vanguard is buy some ETF’s on the TSX. I gave this a 4 * because I can’t use the fund he’s talking about and the three chapters on taxes I skipped because they don’t relate to me. The writing style is laid back and easy to read and implement. Non US readers just need to find equivalent funds of Vanguard in their country.
Jaybird –
Review: The Simple Path to Wealth by JL CollinsJL Collins’ The Simple Path to Wealth is an invaluable guide for anyone looking to take control of their finances, build long-term wealth, and ultimately achieve financial independence. Written in a refreshingly straightforward and no-nonsense style, Collins distills complex financial concepts into practical, actionable advice that readers can easily grasp, regardless of their experience with investing or personal finance.The core message of the book is simple yet powerful: live below your means, invest in broad-based index funds (specifically, Vanguard’s Total Stock Market Index Fund), and let time and compounding do the heavy lifting. Collins is a strong advocate for what he terms “F-You Money,” a concept that focuses on building wealth not just for the sake of luxury, but for the financial freedom to live life on your own terms.One of the book’s greatest strengths is its clarity. Collins takes the intimidation out of investing by avoiding unnecessary jargon and presenting his advice in a conversational tone. For instance, he compares investing to owning “your own little business” in the stock market, where you focus on the big picture rather than getting caught up in day-to-day fluctuations. He advocates for simplicity—passive investing in low-cost index funds—and emphasizes the importance of keeping investment fees low to maximize long-term returns.In addition to his investment philosophy, Collins also addresses key financial principles such as avoiding debt, building an emergency fund, and understanding the power of financial independence. His advice is deeply rooted in personal experience, and he shares his own journey with readers in a way that feels relatable and inspiring.Though some seasoned investors might find the content familiar, the book’s appeal lies in its accessibility. Collins strips away the complexity often associated with investing, making it clear that wealth-building doesn’t require fancy strategies or insider knowledge—just consistency, patience, and discipline.However, one potential drawback is that the book’s investment strategy focuses heavily on the U.S. market, which may feel limiting to international readers. Collins acknowledges this but stays true to his message of simplicity, which some may see as a strength rather than a flaw.In conclusion, The Simple Path to Wealth is an excellent resource for both beginner and intermediate investors. It’s especially suited for those looking to develop a solid, long-term financial plan without getting bogged down by the technical details that often overwhelm novice investors. Collins’ simple, effective, and time-tested approach makes this book a must-read for anyone serious about achieving financial independence and living life on their terms.
Janna ubach –
My go-to book, could not be better
Kindle Customer –
Love Mr Collins writing style. Very easy to read, no great complex formulas or mathematical somersaults. Very encouraging and inspiring. Gift it to your young family members/graduates and give them a head start in life. Wish I’d known this in my twenties. It does what it says on the label – a simple path. Just do it. God bless Mr Collins.
fantastik78 –
Simplement le meilleur livre sur le sujet de la finance/investissement personnel. Si vous devez acheter un livre c’est celui là.
Amazon Customer –
Three things I liked in this book1. Simplifies Financial planning like index funds , no Debt 4% savin etc rather than making thing complex2. Author share Personal examples and research well. Trinity research on 4% was an interesting share .3. Usage of metaphors was fascinating e.g leeches for DebtI am grateful to Mr Collins for writing this book🙏Highly recommended.