Join Early Retirement Today
Reply
 
Thread Tools Display Modes
Old 11-19-2023, 06:16 PM   #21
Thinks s/he gets paid by the post
 
Join Date: Mar 2014
Location: Dallas
Posts: 1,145
Perfect note. Short, sweet and to the point. I can't add or remove anything. I wish I was gifted a book like this when I started my financial life. But to be fair it "only" took a few years to learn everything worth learning about investing. The most important thing I have learned, like you said, is that "less is more". Too many of people we know still trying to figure out the secret ingredient (reference: Kung fu Panda)
pjigar is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 11-20-2023, 03:57 AM   #22
Thinks s/he gets paid by the post
Markola's Avatar
 
Join Date: Nov 2013
Location: Twin Cities
Posts: 3,925
Nice idea! I know Jim Collins and have given The Simple Path to many, as well, especially new college grads. He has a brand new book, which is a sort of companion.
Markola is offline   Reply With Quote
Old 11-20-2023, 06:17 AM   #23
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
athena53's Avatar
 
Join Date: May 2014
Posts: 7,272
I agree on shortening it. I'd also change the use of "one" to the more personal "you":

Original:

The sooner one starts effectively managing their financial life well, the greater the impact and the lower the total investment that person will need to make to achieve their goals.

Revised and shortened:

The sooner you start effectively managing your financial life, the greater the impact and the lower the total investment you'll need to make to achieve your goals.
athena53 is offline   Reply With Quote
Old 11-20-2023, 06:43 AM   #24
Thinks s/he gets paid by the post
 
Join Date: Feb 2019
Location: St Pete
Posts: 1,223
Thanks for the input. I've been tweaking my words to be more concise and had already made it more personal with better pronouns. I'm not really trying to give advice in my note but just to add a bit of encouragement as Collins did a good enough job on the advice in the book!
__________________
FIREd 7/2021 at age 47
FLSUnFIRE is offline   Reply With Quote
Old 11-20-2023, 09:46 AM   #25
Thinks s/he gets paid by the post
38Chevy454's Avatar
 
Join Date: Sep 2013
Location: Cincinnati, OH
Posts: 4,330
I think you have done a great job, hopefully they read the note and material; maybe a fraction can set in and start their financial process off in a more correct direction than many of their peers. Only thing I can suggest adding is to offer your help to understand anything in the book or as it relates to their personal situation. They're young and a small tweak in financial smarts now will lead to tremendous benefits later.
__________________
The problem isn't artificial intelligence, it's natural stupidity.

You can't spend yourself to prosperity.

Semi-Retired 7/1/16: working part-time (60%) for now [4/24/17 changed to 80%]
Retired Aug 2, 2017; age 53
38Chevy454 is offline   Reply With Quote
Old 01-19-2024, 07:19 AM   #26
Thinks s/he gets paid by the post
 
Join Date: Feb 2019
Location: St Pete
Posts: 1,223
I gifted two copies this year. Got a text from my 15y/o nephew thanking me for the book (he forgot to mention it in his thank you note) and said that it has lots of good information and that it's easy to understand. I hope he applies it! His younger brother, whom I haven't given a copy of the book yet, mentioned in his thank you note that he was going to spend half the money I gave and invest the rest.
__________________
FIREd 7/2021 at age 47
FLSUnFIRE is offline   Reply With Quote
Old 01-19-2024, 08:34 AM   #27
Moderator
 
Join Date: Jul 2017
Location: Long Island
Posts: 5,515
Quote:
Originally Posted by FLSUnFIRE View Post
I gifted two copies this year. Got a text from my 15y/o nephew thanking me for the book (he forgot to mention it in his thank you note) and said that it has lots of good information and that it's easy to understand. I hope he applies it! His younger brother, whom I haven't given a copy of the book yet, mentioned in his thank you note that he was going to spend half the money I gave and invest the rest.
Very impressive!
__________________
Use it up, wear it out, make it do or do without.
MarieIG is offline   Reply With Quote
Old 01-21-2024, 06:06 AM   #28
Full time employment: Posting here.
racy's Avatar
 
Join Date: May 2007
Posts: 879
Quote:
Originally Posted by Ronstar View Post
Very nice gift and note. I remember something in a college writing course claiming that shorter writings have a greater effect.

I would just go with your first and last sentences.
“If I had more time, I would have written a shorter letter.”
— Marcus Tullius Cicero, philosopher and statesman.
__________________
"It is better to have a permanent income than to be fascinating". Oscar Wilde
racy is offline   Reply With Quote
Old 01-21-2024, 08:47 AM   #29
Moderator
sengsational's Avatar
 
Join Date: Oct 2010
Posts: 10,574
Whenever I see this thread title as "Gifting: The Simple Plan to Wealth", indicating that in order to have wealth, all you need to do is give away stuff away.


And I've got statistical proof it works...look at the size of checks people donate...the biggest checks come from the most wealthy. Case closed
sengsational is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Simple Wealth, Inevitable Wealth meleana FIRE and Money 20 02-28-2019 10:23 AM
E-file a simple Tax return - best simple software/SS? ERD50 FIRE and Money 16 04-10-2016 12:22 PM
Oil - Simple question, Simple answer? imoldernu FIRE and Money 14 12-18-2014 03:31 PM
"The Simple Secret to Building Wealth" serie1926 FIRE and Money 1 09-28-2014 11:57 AM

» Quick Links

 
All times are GMT -6. The time now is 01:43 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.