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The Truth About Money
Financial advisor Ric Edelman shows that no one living in today's ever-shifting financial environment can afford to handle money the way previous generations did.
In The Truth About Money, Ric offers sound, up-to-the-minute advice for building a comfortable life and securing a well-planned future. With his clear headings and question-and-answer features, Edelman breaks down an often-intimidating subject into short, easy-to-digest sections covering the entire spectrum of personal finance.
This updated version of The New York Times bestseller is the valuable source for all those who want clear, sound advice about current and future financial concerns. Everyone needs to build a financial plan, and the place to start is with this comprehensive, practical guide from one of the nation’s most acclaimed financial planners.
Fully revised and updated:
- How to Benefit from the Newest Tax Laws
- How to Overcome Your Fear of a Stock Market Crash -- and Why You Must
- Privacy -- How to Protect Your Identity
- 529 Plans and Paying for College
More of the award-winning advice inside:
- Personal finance 101: what financial planning is and why you need to plan
- Investor behavior: how to identify, reduce, and avoid financial risk
- The A to Z of investments: from annuities to zero coupon bonds
- Go from owing money to owning money: how to get out of debt (and stay that way)
- Home sweet home: how to buy your first home, your next home, and save on taxes when you sell
- Insurance smoke and mirrors: the what-kind, how-much, and where-to-buy lowdown on insurance (and if you need it at all)
- Your kids may love you, but that doesn't mean they love each other: making sure your will does everything you want it to do once you're gone
- How to choose a financial advisor: and the 10 ways to guarantee your relationship remains healthy
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Reviews
"Conversational, clever and comprehensive...it is educational and an easy read."
- USA Today
"[The Truth About Money is] a single source for what you need to know to put your financial house in order, an impressive piece of work, and very useful...It's the kind of book all financial advisors want to write, but rarely do."
- Bob Clark, Editor-in-Chief, Dow Jones Investment Advisor
"If you're wondering why you have no money, huge debts, and little to show for what you've already spent, this book provides some astonishing answers. Item: only about three percent of the present-day household's income is truly discretionary. Item: most people don't even think about modifying their lifestyles downward to meet changed circumstances (a new baby, loss of a spouse's income, relocation to an expensive area). The author holds the mirror of reality up to the dreamily complacent face of the American consumer. He explains that the rules of money have changed vastly in the last 30 years. From there, Edelman discusses the money problems that most people face today and the origins of these problems. Best of all, he suggests ways to resolve them. For example, Edelman, a professional financial planner, lists the pros and cons of renting vs. owning a residence and walks the reader through the financial processes the decision entails. The upshot: for most of us, owning is better than renting. The typical financially frazzled American will find this book more than worth its price."
- Independent Publisher
"Ric is one of the most engaging communicators of our time. He makes financial planning fun."
- Cal Thomas, CNBC talk show host, author and syndicated columnist
"[The Truth About Money] offers intelligent and practical insights that can help readers achieve their financial goals."
- Sen. Christopher J. Dodd, U.S. Senate Budget Committee
