The Lies About Money: Achieving Financial Security and True Wealth by Avoiding the Lies Others Tell Us-- And the Lies We Tell Ourselves
Written by Ric Edelman
Narrated by Ric Edelman
5/5
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About this audiobook
Ric Edelman has helped more people achieve financial success than any other practicing financial advisor. Now, Ric reveals the deceptive and manipulative business practices occurring in your retail mutual funds—practices that are causing you to suffer higher fees, greater risks, and lower returns than you realize. In The Lies About Money, he offers you a detailed yet easy-to-follow plan that lets you take back control of your investments—and your financial future.
Here, Ric shares his most valuable lessons gained through two decades of working directly with individuals and families. He reveals the lies that have infiltrated your retail mutual funds and retirement accounts and teaches you how to invest your money in your employer retirement plan; how to save for college; and for those who are retired, how to generate more income without sacrificing security. He shows you that proper money management has nothing to do with “hot tips” and everything to do with scientific analysis, bolstered by solid academic research and historical data. Along the way, Ric shows you the secrets to investment success—a long-term focus, the importance of diversification, and the crucial need for (and methods of) portfolio rebalancing.
With insight and strategies that will change people's lives, The Lies About Money offers the truth that everyone is looking for.
Ric Edelman
Ric Edelman is among the financial profession’s most influential people according to Investment Advisor, RIABiz and InvestmentNews. Barron’s ranked him three times as the nation’s #1 Independent Financial Advisor and he’s in Research magazine’s Financial Advisor Hall of Fame. Ric is founder of the Digital Assets Council of Financial Professionals and Funding Our Future Coalition and holds two patents for financial product innovation. Ric is the industry’s top financial educator, for thirty years the award-winning host of his national personal finance radio show. He’s also produced award-winning specials for Public Television, and is a #1 New York Times bestselling author of ten books on personal finance. He taught personal finance for nine years at Georgetown University and is now Distinguished Lecturer at Rowan University, which named its communications school the Ric Edelman College of Communication & Creative Arts in 2020. Ric and his wife Jean live in Northern Virginia. They are benefactors of the Edelman Center for Nursing at Inova Hospital Foundation, the Edelman Indoor Arena at Northern Virginia Therapeutic Riding Program, and Rowan University’s Edelman Planetarium and Edelman Fossil Park.
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Reviews for The Lies About Money
7 ratings2 reviews
- Rating: 5 out of 5 stars5/5Excellent book. Very insightful. I would definitely recommend it. Check out his videos on YouTube
- Rating: 4 out of 5 stars4/5The author covers a lot of ground in a book that probes everything from myths about retirement, to the pros and cons of variable annuities. One prominent theme espoused by Edelman as he discusses successful long-term investment strategies is this catchy saying: ?it?s not about timing. It?s all about time-in.? In other words, the author recommends a buy-and-hold strategy as opposed to trying to time the markets. He offers sobering data to bolster his position that if an investor misses even a handful of the markets? best days over a period of years, returns can suffer enormously. The book is ?dense? in some spots, a fact that the author readily admits. But overall, it?s an excellent read for folks who are eager to create wealth with an investment strategy that champions common sense and discipline over hot stock tips.