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Old 11-19-2023, 06:16 PM   #21
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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)
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Old 11-20-2023, 03:57 AM   #22
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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.
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Old 11-20-2023, 06:17 AM   #23
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I agree on shortening it. I'd also change the use of "one" to the more personal "you":


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.
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Old 11-20-2023, 06:43 AM   #24
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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!
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Old 11-20-2023, 09:46 AM   #25
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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.

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Retired Aug 2, 2017; age 53
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