The Lies About Money, Ric Edelman
The Lies About Money, Ric Edelman
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The Lies About Money
Achieving Financial Security and True Wealth by Avoiding the Lies Others Tell Us-- And the Lies We Tell Ourselves

Author: Ric Edelman

Narrator: Ric Edelman

Abridged: 5 hr 58 min

Format: Digital Audiobook Download

Published: 10/02/2007

Synopsis

Ric Edelman, #1 bestselling author of Ordinary People, Extraordinary Wealth, and the personal finance classic The Truth About Money, offers more great wisdom for investors—and a valuable insert of sample portfolios that outline everything you need to know about building the perfect portfolio.

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.

About 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.

Reviews

Goodreads review by Howard on November 30, 2008

This is not as comprehensive as the "Truth About Money." Mostly, Edelman uses this book to try to persuade you to stop using retail mutual funds due to their high fees and low returns. A significant part of this book is a comprehensive timeline of what Edelman describes as the "mutual fund scandal."......more

Goodreads review by John on December 07, 2023

THIS IS A GREAT BOOK that is worth every one of us making the time to read. Plain unvarnished truth. These are ten bullets that we found: 1. The world of finance is full of deception and manipulation. Edelman argues that the financial industry is designed to keep people in debt and make it difficult......more

Goodreads review by ManOfLaBook.com on November 02, 2017

The Lies About Money: Why You Need to Own the Portfolio of the Future by Ric Edelman is a finance book offering insights to investors. These investors are not “sharks” but shmos like me, just trying to make it to the end of the day with enough money for a slice of pizza and a bottle of beer. I starte......more

Goodreads review by George on November 24, 2022

A useful guide to financial planning, although rather dated by now. Author Ric Edelman is a well known financial planner whose Saturday morning radio show in the Washington, D. C. metro I well remember from my time in the area. Here, he writes clearly warning of the disadvantages of mutual funds as......more

Goodreads review by Cacophony on June 07, 2018

Not what I expected.......more

Quotes

"Once again Ric Edelman has told investors the truth. Whether it's how to select an appropriate portfolio, invest for college, or recognize practices that are not in the investor's best interest, Ric arms investors with information they can use to make wise investment decisions and protect their assets. And he does it with wit and enthusiasm. Read The Lies About Money. You won't be disappointed."

--Don M. Blandin, president and CEO, Investor Protection Trust

"This is a thriller, a real page-turner! Imagine one of America's biggest, most successful financial advisors sells all his own retail mutual funds. Why? I couldn't put it down, had to find out more! If I sell mine, then what? You'll love Ric's solution. The Lies About Money is a must-read thriller...if you want to retire rich!"

--Paul B. Farrell, JD, PhD, columnist, DowJones/ MarketWatch and author of The Lazy Person's Guide to Investing, The Millionaire Meditation, and Zen Millionaire

"Just when you thought the financial waters were safe, Ric Edelman shows that the mutual fund industry is like a shark waiting to be fed, and why you should be afraid, very afraid. But after reading The Lies About Money, you won't have to be afraid anymore."

--Donald J. Farish, president, Rowan University

"Once again, Ric Edelman comes to the aid of investors everywhere. His new book is clearly written -- informative and entertaining -- and will be of great use to both novices and experts. His thought-provoking ideas are a refreshing challenge to conventional thinking, and you owe it to yourself to read The Lies About Money."

~Richard J. Koreto, editor in chief, Wealth Manager magazine

"If you're an independent-minded investor, don't miss this book. In it, Ric helps you understand how to build a low-cost, unique and diversified long-term investment portfolio based on your personal needs and goals -- and he does it in plain English."

--Joe Moglia, CEO, TD AMERITRADE

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