Salamat
An original painting by Alex Ferrar
On display at Sobremesa, Antigua, Guatemala
Sometimes it feels like I’m blowing flower petals into the wind.
Recently my pal Mindy Jensen of Bigger Pockets sent me this question that had come up in her Woman’s Finance group:
It always amuses me.
I lay out a Path that requires staying the course for decades, and a couple of years in someone is asking if it still applies.
One thing I’d bet, this woman’s husband will never stay the course for The Simple Path. Or any other approach. He will always be wondering if it still works, what the next new shiny object is. He’ll jump from idea to idea.
The Simple Path is designed to work for decades and decades, and it will. As long as…
- The US remains a capitalist country.
- We have a stock market where individuals can share in the prosperity.
- We have low-cost broad-based index funds to invest in those companies.
Regarding that first point, it is instructive to note The Simple Path to Wealth has been published in Russia and the contract to publish it in China is signed. Seems even in communist countries people figure out how to apply the principles in it.
What does go out of date in SPW are the details around things like 401k and IRA contribution limits. Sometimes I think about issuing an updated version with those, but of course it would be outdated again shortly anyway. My readers are smart and perfectly capable of checking the current details around these things.
So, rest easy. The Simple Path to Wealth is still valid and people all over the world are implementing it.
Want some encouragement and inspiration? You’ll find it here:
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