The Simple Path to Wealthcontains a first section I will convene in denominating behavioral and another part with technical investment information.BEHAVIORAL- Avoid debt at all costs.- Avoid fiscally irresponsible people and do not marry them.- Spend the next decade working your ass off.- Take low living expenses.- Do not certainly spend more than you earn (do not get trapped by an expansive lifestyle).- Save and invest over 50% of your income.- Avoid financial advisors.TECHNICAL- Avoid multiple stock investment.- 120 - your age = percentage to invest in stocks. The rest in bonds.- Invest in a fund replicating the US market.- Invest in American bonds.- Never withdraw more than 4% of your investments.- Reinvest dividends.CRITICISM- The author only proposes investments with Vanguard. He claims to not be paid by them, which I believe. But lacks other alternatives.-VERYUS focused.Overall, the author proposes a fork of the Buy&Hold strategy with less diversification, some behavioral treats as well as particular details for his investment strategy. A recommended book.

Solid book on investment and portfolio building. I really wish I had read this book a few years earlier and highly recommended to everyone.Things to avoid1. Avoid debt.2. Avoid fiscally irresponsible people. Never marry one or otherwise give him or her access to your money.3. Eliminate all non-essential spending4. Avoid investment advisors.5. Never buy stocks on margin.6. Safety is a bit of an illusion. Don't fall for it.7. Spending too much time worrying about how things might work out. It’s a huge waste. Don’t do it.On Saving and thrifty lifestyle1. Save and invest unwavering 50% of your income.2. The beauty of a high savings rate is twofold: You learn to live on less even as you have more to invest.3. When you can live on 4% of your investments per year, you are financially independent.4. If your lifestyle matches or exceeds your income, you are a slave.5. Better to adapt yourself and your attitudes to the numbers than to adapt the strategies to your psychological comfort levels.6. If financial independence is your goal, your savings rate in these years should be high. As you invest that money each month it serves to smooth out the market’s wild ride.7. Be persistent. Life is uncertain.On Stock market and Investing1. Investment rules: Rule #1: Never lose money. Rule #2: Never forget rule #12.The stock market is a powerful wealth-building tool and you should be investing in it.3. Embrace indexing.4. Crashes, pullbacks and corrections are all absolutely normal.5. Any investing done short term is by definition speculation.6. Market timing is an un-winnable game over time.The point is that to play this market timing game well even once, you need to be right twice: First you need to call the high. Then you need to call the low.7. The market always recovers. Always.8. Everybody makes money when the market is rising. But what determines whether it will make you wealthy or leave you bleeding on the side of the road is what you do during the times it is collapsing.9. Most people lose money in the stock market. Here’s why: 1. We think we can time the market. 2. We believe we can pick individual stocks. 3. We believe we can pick winning mutual fund managers.10. By dollar cost averaging you are betting that the market will drop, saving yourself some pain. For any given year the odds of this happening are only ~23%. But the market is about 77% more likely to rise, in which case you will have spared yourself some gain. With each new invested portion you’ll be paying more for your shares.11. Put all your eggs in one basket and forget about it.On F-You Money1. Money is a small part of life. But F-You Money buys you the freedom, resources and time to explore it on your own terms. Retired or not. Enjoy your journey.2. Once you have your F-You Money, all you need do is make sure you continue to reinvest to outpace inflation and keep your spending below the level your stash can replenish.3. You’re young, aggressive and here to build wealth. You’re out to build your pot of F-You Money ASAP. You’re going to focus on the best performing asset class in history: Stocks. You’re going to “get your mind right,” toughen up and learn to ride out the storms.

We can learn a few important principles to follow when you want to achieve financial freedom. Most of the investment examples in this book are practical in the United States. Overall, I learn a lot from this book. Thanks.