The Truth About Money
The Truth About Money, 4th Edition is a comprehensive, practical, “how-to” manual on financial planning, is one of the most highly acclaimed books in the personal finance field. You’ll discover everything you need to know about investments, insurance, long-term care, planning for retirement, buying and selling your home, getting out of debt, how to pay for college, weddings and cars -- and much more. Best of all, the book explains difficult financial concepts in plain English with a breezy style. It’s fun and easy to read.
Since the book was last revised in 2004, the world of personal finance has changed dramatically. This all-new 4th revision is the most extensive one that Ric has ever undertaken, and includes fresh updates and brand new material including:
- Planning Your Retirement Lifestyle: How you can enjoy a comfortable retirement -and what you can do to get there.
- Investment Choices: Learn how low cost investments can help you create wealth while potentially saving you money.
- Target-Date Strategies: It’s what you don’t know that can hurt you.
- Behavioral Finance and Neuroeconomics: Learn why you make bad financial decisions-and how to break the cycle.
- Picking your Investments: Find out the truth about Morningstar.
- Are Your Parents Aging? See how to best provide help-without harming yourself financially.
Whether you are saving for college or retirement, buying a home or selling one, concerned about long-term care for yourself or your parents, worried about an impending job loss, or facing any financial decision, knowing The Truth About Money will help you make great financial decisions.
"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