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The Lies About Money (Abridged): Achieving Financial Security and True Wealth by Avoiding the Lies Others Tell Us-- And the Lies We Tell Ourselves Audiobook
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(3.02) - 80 listener ratings
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Publisher Description
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.
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"Edelmen is a talented writer for this type of material. Very informative, well documented, incredibly readable.Although I should have read it 30 years ago. Then I'd be set. "
— David (5 out of 5 stars)
Quotes
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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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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
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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
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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
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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
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“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, former CEO, TD AMERITRADE -
“Once again Ric Edelman has told investors the truth…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 -
“The Lies About Money is a must-read thriller…if you want to retire rich!”
— Paul B. Farrell, JD, PhD, columnist -
“Edelman breaks down the options for ordinary people to regain their savings from crooked hands, in a detailed, interactive guide to portfolio selection. Edelman’s clear writing and helpful advice are sure to win him a satisfied audience.”
— Publishers Weekly
The Lies About Money Listener Reviews
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" Whoa -- you won't want a mutual fund after this one. Ric is not shy with his opinions and backs them up quite well. financial eduction is strong but to me more inspiring to get to the real truth. in the end we all are on different paths but you'll not go wrong listening to his positions. "
— Jim, 11/9/2013 -
" Not as good as I thought it would be. It actually convinced me that the stock market is not the way to go. I think I'll stick to a Self Directed IRA in Real Estate, more control, less volatility. "
— Matt, 8/6/2011 -
" The best thing about this book is that it's easy to read. He is funny and I was able to read this book in about 4-5 hours. He has a very specific approach to investing so you have to be willing to commit that whole approach. It won't work if you only use some aspects of it. "
— Cathy, 5/27/2011 -
" A worthwhile book to read for anyone concerned about their investments. Straight talk and an easy style of writing. "
— Jim, 2/9/2011 -
" While I don't know if I will ever diversify my investments as much as Edelman suggests, his research and and strategy make sense. He also makes a compelling argument for following his investment advice. This is an interesting primer on investing in the market - even in troubled times. "
— Kim, 2/1/2011 -
" Ok, I'm tired of being ignorant about stocks and investments and all that stuff, so when I saw this in the book store, I decided it was time to learn something new. "
— Adrian, 7/11/2010 -
" Interesting conspiracy theory. He is a decent writer and has alot of good things to say, nothing too new though. "
— Sam, 6/1/2010 -
" I think Ric Edelman is one of the best financial experts writing today. This one, like his others, is simply written and easy to understand. If only following his advice were as easy! "
— Jeanne, 3/18/2009 -
" While I don't know if I will ever diversify my investments as much as Edelman suggests, his research and and strategy make sense. He also makes a compelling argument for following his investment advice. This is an interesting primer on investing in the market - even in troubled times. "
— Kim, 3/5/2009 -
" I think Ric Edelman is one of the best financial experts writing today. This one, like his others, is simply written and easy to understand. If only following his advice were as easy! "
— Jeanne, 9/5/2008 -
" Interesting conspiracy theory. He is a decent writer and has alot of good things to say, nothing too new though. "
— Sam, 8/9/2008 -
" The best thing about this book is that it's easy to read. He is funny and I was able to read this book in about 4-5 hours. He has a very specific approach to investing so you have to be willing to commit that whole approach. It won't work if you only use some aspects of it. "
— Cathy, 7/10/2008 -
" Not as good as I thought it would be. It actually convinced me that the stock market is not the way to go. I think I'll stick to a Self Directed IRA in Real Estate, more control, less volatility. "
— Matt, 4/7/2008 -
" Ok, I'm tired of being ignorant about stocks and investments and all that stuff, so when I saw this in the book store, I decided it was time to learn something new. "
— Adrian, 4/5/2008
About Ric Edelman
Ric Edelman is Barron's #1 independent financial advisor, the bestselling author of seven books on personal finance, and host of The Ric Edelman Show, heard on radio stations nationwide. Ric's firm, Edelman Financial Services, manages $5 billion in assets and has been helping people achieve financial success for twenty-five years.