Book review: The Simple Path to Wealth: Your road map to financial independence and a rich, free life
Photo by Ergita Sela on Unsplsh
Wealth Management is a thing that I did not care about very much in the past. What I did was make the money by work, keep it in the bank and pay it for the loan. Recently, the inflation rate is higher than bank interest. Money is gone silently. In the US, the inflation rate reached 7% in Dec. 2021.
This book brings another thinking to me. It is not only introduced the financial product but also shares what author's experience. The concept is very simple:
- Buying funds that follow the stock market index
- Buying for long–term growth and profits regardless of intermediate fluctuations of the price of the security in the market
- Put your assets into investment products, keep the cash only for your temporary needs.
- Panning your finances as early as possible
Do it now, it is never too late.
Hope you can reach financial independence retire early
