You cannot invest what you do not have. Collins advocates for a savings rate of 50% or more. This requires lifestyle discipline. Skip the new car. Cook at home. The faster you save, the faster you reach "the path."
You're interested in exploring "The Simple Path to Wealth" by JL Collins, a popular book on achieving financial independence. I'll provide a detailed feature on the book, its key takeaways, and a brief analysis of its GitHub repository. the simple path to wealth pdf github
The goal isn't just to be rich. The goal is to have "F-You Money." That is the amount of money that allows you to say "F-You" to a bad boss, a toxic job, or a terrible situation. It is the freedom to live life on your terms. You cannot invest what you do not have
: Introducing Vanguard Total Bond Market Index (VBTLX) as a hedge against volatility once you begin living on your investments. Skip the new car
The hierarchy of investing in 401(k)s, IRAs, and HSAs. Summary: The Path is Simple, but Not Easy
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