The Simple Path to Wealth
Investing doesn't have to be complicated. In fact, the simpler your approach, the better your results are likely to be. This book lays out a clear, proven path to financial independence.
The One Key Takeaway
"Spend less than you earn, invest the surplus, avoid debt."
It really is that simple. If you can master these three things, you will become wealthy. The complexity of the financial industry is largely designed to extract fees from you.
Core Lessons
The Power of VTSAX
Invest in low-cost, broad market index funds like VTSAX (Vanguard Total Stock Market Index Fund). You own a piece of every publicly traded company in the US.
F-You Money
Money buys you freedom. Having enough money saved gives you the power to walk away from a job you hate or a situation that doesn't serve you.
Stay the Course
The market will go up and down. When it goes down, don't panic. Don't sell. Stay the course and keep investing. The market always recovers and goes up in the long run.
Notable Quotes
"The stock market is a powerful wealth-building tool and you should be investing in it. But you must understand that it is volatile."
"Money can buy many things, but nothing more valuable than your freedom."
Finish this Lesson
Mark this article as read to earn 50 XP and progress in your journey.