The Truth about Money: Real Advice from One of America's Most Successful Financial Advisors

From Library Journal
Edelman, a talk-show financial planner, transfers a glib "on the air" style of communicating into print, with mixed results. Verbose to a fault, he often crosses the line between financial advice and advice based on his own values. For example, most individuals recognize the cost difference between public and private higher education and do not need Edelman's advice to discount the added value provided by a degree from a high-profile school. His counsel on choosing a mutual fund is essentially sound, but the reader is subjected to what might be a script for television rather than a concise explanation of the issues. The occasional references to the service provided by his own staff of planners suggest that this obfuscation is not unintentional. Better stick with Marshall Loeb's Lifetime Financial Strategies (LJ 1/96).?Joseph Barth, U.S. Military Acad. Lib., West Point, N.Y.Copyright 1996 Reed Business Information, Inc.



"Conversational, clever...and easy to read."


From Independent Publisher
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.


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Ric Edelman, CFS, RFC, CMFC, CRC, recently wrote Financial Security in Troubled Times to aid consumers in the aftermath of September 11. He is also the author of three bestsellers, The Truth About Money, The New Rules of Money and the #1 New York Times bestseller, Ordinary People, Extraordinary Wealth. His firm, Edelman Financial Services, Inc., is one of the largest financial planning firms in the nation, handling $2 billion for Americans across the country. Ric lives in Great Falls, Virginia, with his wife, Jean, and their weimaraners, Dojar and Liza.


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