This is perhaps the most famous concept in the book. Collins argues that wealth isn't about buying "stuff"—it’s about buying .
Collins is uncompromising here. If you have , you do not have an investment problem; you have a financial emergency. He views debt as a "soul-sucking" weight that prevents you from building wealth. The simple path starts with aggressive debt elimination. Core Pillar 2: The VTSAX Strategy the simple path to wealth pdf github
is the amount of savings that allows you to walk away from a toxic job, take a sabbatical, or say "no" to things that compromise your values. This is perhaps the most famous concept in the book