Monday, January 14, 2019

The Simple Path to Wealth by J. L. Collins, r. Jan. 2019

p. viii  Creating this book has been a long and sometimes stressful process. The emotional rollercoaster had me at times depressed, at times foaming-at-the-mouth raving and at times giddy with delight. My wife, Jane, endured it all without stabbing me in my sleep. That there is not an award for this is one of the great shortcomings of our civilization.

p. 12 So now I'm (again) retired and it feels great. I love not having to keep regular hours. I can stay up till 4 am and sleep till noon. Or I can get up at 4:30 and watch the sun rise. I can ride my motorbike any time the weather or my pals beckon. I can hang around New Hampshire or disappear for months at a time to South America. I post on my blog when the spirit moves me and I might even get another book or two written. Or I can just sit on the porch with a cup of coffee and read the books others have written.

p. 12 One of my few regrets is that I spent far too much time worrying about how things might work out. It's a huge waste, but it is a bit hardwired into me. Don't do it.

p. 162 The bottom line is that anyone using a high-deductible insurance plan should fund an HSA. The benefits are simply too good to ignore.

p. 241 Finally, while giving is a fine and pleasant thing, no one has an obligation to do so. Anyone who tells you differently is trying to sell you something - most likely the idea of giving to them and / or their pet projects.

p. 241 As individuals we only have one obligation to society: To ensure we, and our children, are not a burden to others. The rest is our personal choice. Make your own and make the world a far more interesting place.

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