Summary of J. L. Collins's The Simple Path to Wealth

Excerpt From Summary of J. L. Collins's The Simple Path to Wealth



#1



Debt should not be considered normal. It should be recognized as the vicious, pernicious destroyer of wealth-building potential it truly is.



#2



A Lifestyle Investor mindset is one where you are willing to forgo the American dream of financial freedom in order to enjoy the present and future. This mindset is one of self-sacrifice, but also one of freedom, because you have chosen to live within your means and you have no debt.