The Truth About Money

by Ric Edelman

Book Overview

"A single source for what you need to know to put your financial house in order, an impressive piece of work, and very useful."--Bob Clark, Editor-in-Chief, Dow Jones Investment Advisor Ric Edelman,... This description may be from another edition of this product.

• Format: Hardcover
• Language: English
• ISBN: 0062086049
• ISBN13: 9780062086044
• Release Date: January 2010
• Publisher: Harper Collins
• Weight: 2.56 lbs.

Customer Reviews

Edelman raises the bar on personal finance

The Truth About Money is the most complete and up to date financial book on the bookstands right now. And Edelman is an authority on money.First of all, The Truth About Money is 645 pages packed with powerful financial information. It is split into 13 sections and 89 chapters. This is very complete.Everything you need to know about money is in here. From sending your kids to college, to investing, to insurance, to buying a home to retirement. Edelman spends a considerable amount of time discussing the greatest discovery of the 20th century--compound interest. Simple but I am continually surprised at the number of people who do not understand or even have heard of the rule of 72. After reading Edelman, you will understand it and pursue your investing with new vigor.Ric also has a full chapter on how to prepare for economic collapse and another chapter on social security. Edelman recommends that regarding social security, that "you take and money and run" meaning that you are better off to retire and take benefits at age 62 than wait untill later. Considering the current sad state of the social security system, I couldn't agree more. Another way to put it is take the money now because it may not be there later. At 645 pages, The Truth About Money may appear challenging but in reality is a eay and fun read. This not Jane Bryant Quinn. Ric Edelman is both a financial expert and a interesting writer. I got through the book in a few days. It was hard to put it down.Since the book was written in November 2003, The Truth About Money is also the most up to date financial book out there. Forget those books that were written by magazine writers in 1997 and were out of date even before they were released.Also, this book is obviously updated from Ric's first 2 editions. If you have either of those books, this one is bigger and better. Ric Edelman is not one of those authors who puts 2 pages of new information in a older book and calls it "new". This edition has been completely revised. It is like a new book. Highly recommended book.

Outstanding!

I just picked up a copy of The Truth About Money 3rd edition. Edelman has outdone himslef. This book is superb. So much information.Whether you want information on how to invest or what kind of insurance to by, it's in here.Edelman may not be as well know as Suze Orman, but he is the best. He know his stuff. Speaks from experience and has the client base, successful clients that is that can back him up.If you really want to make the most of your money then you must read this book. It is outstanding!

This is the best of the newer books available!

Ric Eddelman is a delight to read. He mixes humor with powerful material. This is the best of the newer crop of financial books (post 1995) available. I recommend this to anyone and everyone who is interested in improving their financial situation. I also recommend More Wealth Without Risk by the late great Charles Givens and The Millionaire Next Door by Dr's Stanley and Danko, a excellent work. Most of the other books, I feel are too generalized and leave the reader puzzled as to what to do next. These books are powerful and pragmatic.

Excellent Money Management Guide

Ric's writing is fun to read, making a subject such as finance and money management an enjoyable experience. Ric is also spot on. His ideas challenge conventional "wisdom" on handling investing and financing. A reviewer was critical of Ric's suggestion to forego the tax exempt investments. However, a check with many associates and my own personal methods confirm Ric's assertion. You're better off in the higher returning taxable fund. By nature, you just won't invest the "savings" back into the tax exempt fund when April 15 rolls around. And you will pay your taxes from regular sources rather than liquidate a fund to pay them. Wham! Wake up call. This is one of the four best financial books of our time and a must read before making another major financial decision. The other three are: "The Millionaire Next Door" by Ph.D.'s Stanley and Danko, "Buffettology" by Mary Buffett, and "More Wealth Without Risk" by Charles Givens. Edelman gives Givens a run for the money. While the two books have many similar ideas, there are enough differences between them to offer the reader a choice on which method of handling an event may be more applicable to their particular situation.