We are currently making improvements to the Audible site. In an effort to enhance the accessibility experience for our customers, we have created a page to more easily navigate the new experience, available at the web address www.audible.co.uk/access.
The Simple Path to Wealth Audiobook

The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life

Regular Price:£19.39
  • Membership Details:
    • First book free with 30-day trial
    • £7.99/month thereafter for your choice of 1 new book each month
    • Cancel easily anytime
    • Exchange books you don't like
    • All selected books are yours to keep, even if you cancel
  • - or -

Publisher's Summary

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.

Here's an important truth: Complex investments exist only to profit those who create and sell them. Not only are they more costly to the investor, they are less effective.

The simple approach I created for her and present now to you is not only easy to understand and implement, it is more powerful than any other.

Together we'll explore:

  • Debt: why you must avoid it and what to do if you have it
  • The importance of having f-you money
  • How to think about money, and the unique way understanding this is key to building your wealth
  • Where traditional investing advice goes wrong and what actually works
  • What the stock market really is and how it really works
  • Why the stock market always goes up and why most people still lose money investing in it
  • How to invest in a raging bull or bear market
  • Specific investments to implement these strategies
  • The Wealth Building and Wealth Preservation phases of your investing life and why they are not always tied to your age
  • How your asset allocation is tied to those phases and how to choose it
  • How to simplify the sometimes confusing world of 401(k), 403(b), TSP, IRA, and Roth accounts
  • TRFs (target retirement funds), HSAs (health savings accounts), and RMDs (required minimum distributions)
  • What investment firm to use and why the one I recommend is so far superior to the competition
  • Why you should be very cautious when engaging an investment advisor and whether you need to at all
  • Why and how you can be conned, and how to avoid becoming prey
  • What the Four Percent Rule is and how to use it to safely spend your wealth
  • The truth behind Social Security
  • A case study on how this all can be implemented in real life

PLEASE NOTE: When you purchase this title, the accompanying reference material will be available in your Library section along with the audio.

©2016 JL Collins (P)2017 Audible, Inc.

What the Critics Say

"In the dark, bewildering, trap-infested jungle of misinformation and opaque riddles that is the world of investment, JL Collins is the fatherly wizard on the side of the path, offering a simple map, warm words of encouragement and the tools to forge your way through with confidence. You'll never find a wiser advisor with a bigger heart." (Malachi Rempen, filmmaker, cartoonist, author, and self-described ruffian)

What Members Say

Average Customer Rating

5.0 (4 )
5 star
 (4)
4 star
 (0)
3 star
 (0)
2 star
 (0)
1 star
 (0)
Overall
5.0 (4 )
5 star
 (4)
4 star
 (0)
3 star
 (0)
2 star
 (0)
1 star
 (0)
Story
5.0 (4 )
5 star
 (4)
4 star
 (0)
3 star
 (0)
2 star
 (0)
1 star
 (0)
Performance
Sort by:
  •  
    M. Paterson 08/08/2017
    M. Paterson 08/08/2017
    ratings
    REVIEWS
    3
    1
    Overall
    Performance
    Story
    "Listen & apply the advice = end up rich!"

    I found JL Collins through www.mrmoneymustache.com. I love both of these bloggers. So it was only natural that I bought The Simple Path to wealth. Jim's life & financial advice just makes sense. I'll be advising my children to follow it and any friends & family I think could benefit.
    Follow his advice and end up rich. It's simple!

    0 of 0 people found this review helpful
Sort by:
  • Joshua
    30/06/17
    Overall
    Performance
    Story
    "Fantastic!"

    I've read six or seven early financial independence books recently and this one is the best. I like the author's down-to-earth style and overall presentation. A great listen!

    3 of 3 people found this review helpful
  • Javier
    17/07/17
    Overall
    Performance
    Story
    "Practical details with no confusion"

    I liked the fact that he lays it all out with facts to back his insight. He also gives great steps to follow if you choose. Never thought of investing as simple until now. Thanks JL.

    1 of 1 people found this review helpful
  • Amazon Customer
    09/07/17
    Overall
    Performance
    Story
    "Lives up to its title . . . and then some"
    Any additional comments?

    Oh how I wish: (a) this book had existed back when I was just graduating from college, (b) somebody had given this book to me, and (c) I had listened to every word in it.<br/><br/>This is one of those "If I knew then what I know now" books. The lessons in here are priceless. Everybody should read this book and heed the advice in it.<br/><br/>The best part is you don't have to be all that interested in finance or 401(k)'s or any of that stuff. In fact, if you really dislike such things, this is probably the perfect book for you. JL Collins takes these complicated and boring financial matters and does two nice things for you: (1) throws out all the crap you don't need to know, and (2) explains what you do need to know in layman's terms that anybody can understand. So not only is the wisdom in this book chockfull of solid gold nuggets on a need-to-know basis, but the delivery is crystal clear and simple to follow in practice.<br/><br/>Speaking of the delivery, OMGoodness does JL Collins have a superb voice for the audiobook format. He reminds me of David McCullough. He has the kind of deep grandfatherly "gather 'round the campfire for a story" voice. It's fabulous.<br/><br/>In summary, this book is worth every penny. Along with a handful of other "quake books" that changed my life for the better, this one is getting added to that list (right alongside John C. Bogle's "The Little Book of Common Sense Investing"). I can't recommend this book enough. Get it for yourself. Listen to it. Make your kids listen to it. Your siblings. Your friends. Your parents. The lessons in it are too valuable not to share with everybody you know.

    1 of 1 people found this review helpful
  • Anonymous
    15/08/17
    Overall
    Performance
    Story
    "Must read for anyone serious about financial freedom"

    JL Collins breaks gaining wealth and financial freedom down to nuts and bolts. He touches on all main aspects of investing and not just stocks. Guidance available for novice to average investing intellect.

    0 of 0 people found this review helpful
  • Cory
    15/08/17
    Overall
    Performance
    Story
    "I like short reviews"

    This is the best financial book I've ever read. 1. It put all my thoughts in an orderly fashion so I can gift it to others. 2. It's simple... obviously

    0 of 0 people found this review helpful
  • Stanley Stanzyk
    Rio Rancho, NM United States
    24/07/17
    Overall
    "Outstanding!"

    Felt like a fireside chat with a rich uncle. Really enjoyed this audio book.

    0 of 0 people found this review helpful
  • Ted Quinn
    17/07/17
    Overall
    Performance
    Story
    "What an eye opener!!"

    I'm a 23, almost 24 year old college grad with a full time job that started a few months ago. Armed with my mechanical engineering degree, I joined the workforce knowing nothing of finance. This book gave me the confidence and knowledge (and the math associated) to start my pursuit to financial freedom!

    0 of 0 people found this review helpful
  • David Cain
    07/07/17
    Overall
    Performance
    Story
    "This book could save you decades of work"

    Simple, smart wealth-building principles and plenty of evidence to back them up. Exposes the unscrupulous way the financial planning industry deliberately obfuscates sensible investing in order to keep the public dependent on them. Jim also happens to have a fantastic reading voice.

    0 of 0 people found this review helpful
  • stacy m hart
    06/07/17
    Overall
    Performance
    Story
    "Excellent Primer on reaching Financial Independence"

    This has been the most enjoyable book on Personal Finance that I have listened to ever. The blueprint to reach Financial Independence is elegantly simple and understandable. I loved that the whole project was born out of his letters to his teenage (now adult) daughter to teach her these simple principles.

    0 of 0 people found this review helpful
  • Joe Hager
    06/07/17
    Overall
    Performance
    Story
    "Must read for young investors!"

    Great resource for anyone looking to build wealth. Clear principals and simple, yet effective strategies. I've already made big lifestyle changes to set myself up with my own F-You money!

    Must read!

    0 of 0 people found this review helpful

Report Inappropriate Content

If you find this review inappropriate and think it should be removed from our site, let us know. This report will be reviewed by Audible and we will take appropriate action.

Cancel

Thank you.

Your report has been received. It will be reviewed by Audible and we will take appropriate action.