The Road to Wealth by Suze Orman: 9781594484582 | PenguinRandomHouse.com: Books (2024)

FAQs

Is The Simple Path to Wealth worth reading? ›

“The Simple Path to Wealth” is undoubtedly an excellent introductory course for anyone new to the world of investment and personal finance.

Suze Orman is the author of the #1 bestsellers The 9 Steps to Financial Freedom and The Courage to Be Rich.

I didn't learn about investing growing up so I was thrilled to read "The Simple Path to Wealth." Author JL Collins lays out a clear strategy for wealth-building, from debt payoff to investing.

The Simple Path to Wealth by JL Collins is financial independence canon. The premise boils down to elegant simplicity: Spend 50% of your income and invest the other 50% in one specific index fund, VTSAX.

Buffett has shared a lot of ideas publicly over the years. One of those talks about two rules of investing. Rule one is “never lose money” and rule two is “never forget rule one”.

1. To Kill a Mockingbird by Harper Lee was chosen as the Best Book of the Past 125 Years.

When someone has a net worth of over $75 million thanks to financial advice, your ears should perk up when she talks. Suze Orman has amassed such an amazing net worth thanks to her career as a financial advisor, author, and podcast host.

The 50-30-20 rule recommends putting 50% of your money toward needs, 30% toward wants, and 20% toward savings. The savings category also includes money you will need to realize your future goals.

Here are the main elements: ✓ Rarity: Books that are hard to find or were printed in limited quantities generally have higher values. This includes first editions, books with printing errors and limited releases. ✓ Demand: A book's popularity can significantly affect its value.

What is the best book for people who want to be rich? ›

Some of the highest-rated millionaire books include "The Simple Path to Wealth" by J.L. Collins, "The Millionaire Fastlane" by M.J. DeMarco and "The Bogleheads' Guide to Investing" by Taylor Larimore, Michael LeBoeuf and Mel Lindauer.

Here's the simple formula: Spend less than you earn—invest the surplus—avoid debt. Stop thinking about what your money can buy. Start thinking about what your money can earn. And then think about what the money it earns can earn.

Robert T. Kiyosaki. Best known as the author of Rich Dad Poor Dad—the #1 personal finance book of all time—Robert Kiyosaki has challenged and changed the way tens of millions of people around the world think about money.

Robert Kiyosaki was already a millionaire before he wrote his book, "Rich Dad, Poor Dad." According to Kiyosaki, he had already made his fortune through various business ventures, including real estate investing, prior to the publication of his book in 1997.

The Wealth of Nations is one of the most important economics books ever written. Since its introduction into the world, it has become the go-to text for economic theorists.

In contrast, The Simple Path to Wealth argues that investing isn't complicated—you can do it yourself. Collins's “simple path” is: Spend less than you make, invest the extra in index funds, and stay out of debt. If you follow this prescription, you'll end up wealthy and live a more fulfilling life.

While rich dad poor dad tells you on how to escape 'rat race', to build wealth and to become truly rich. Think & grow rich gives you series of principles to follow to attain ultimate financial success in life. Read both the books in any order and it'll definitely help you out.

Rich Dad Poor Dad is a good book for beginners. It introduces a lot of concepts, views and rules that most people have never encountered before. And packages this into a story which makes it easy to understand.