1 SENTENCE SUMMARY: This book provides a comprehensive and compassionate guide to help readers understand how their financial decisions today shape their future, and how to make the best choices for their own success.
“The future belongs to those who prepare for it today.” – Ric Edelman
Quick Info
Category: Personal Finance
Publish Date: 2017-03-28
# Pages: 400
ISBN: 1501163809
Where to Get It:
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Table of Contents
Overview
The Truth About Your Future by Ric Edelman is a book that examines the trends that are shaping our lives and our future.
Ric Edelman, a nationally recognized financial advisor, provides invaluable insight into the forces that will shape our economic, technological, and social future.
He provides an in-depth look at the changing nature of retirement, healthcare, education, investments, and technology and how these changes will affect our lives.
He also looks at the ways that individuals can prepare for and make the most of the opportunities these changes will bring.
With a combination of data, historical analysis, and real-world examples, The Truth About Your Future is an invaluable guide to understanding our ever-changing world.
4 Key Lessons from The Truth About Your Future by Ric Edelman
1. Set Goals and Have a Plan
The Truth About Your Future emphasizes that having a clear set of goals and a plan to achieve them is the first step towards a secure and prosperous financial future.
It provides a step-by-step process for setting goals, creating an investment plan, and building an appropriate portfolio.
Having a plan will help readers to be proactive in reaching their goals and will provide the structure needed to stay on track and make sure their finances are in order.
2. Understand Your Risk Tolerance
The book also encourages readers to evaluate their risk tolerance before making any investments.
Knowing how much risk they are comfortable with will help them to make smart decisions when it comes to their investments.
Edelman stresses the importance of understanding the potential risks and rewards associated with an investment and how they can affect your financial goals.
3. Take Advantage of Tax Benefits
The Truth About Your Future emphasizes the power of tax deductions and credits.
It explains how to maximize these benefits to help reduce taxes and increase savings.
Knowing what deductions and credits are available, and making sure to take advantage of them, can significantly reduce the amount of taxes owed and increase the amount saved.
4. Diversify Your Investments
The book also encourages readers to diversify their investments.
Diversifying investments can help reduce risk and increase the potential for returns.
Edelman explains the importance of diversifying investments across asset classes, industries, and regions.
He also explains the importance of rebalancing portfolios to ensure that investments continue to match one’s goals and risk tolerance.
Who Should Read It
This book should be read by anyone interested in learning about the long-term effects of their financial decisions.
It is useful for people of all ages who are looking to plan for their financial futures, from young adults just starting out to retirees looking to maximize their savings.
Where to Get It
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About Ric Edelman
Ric Edelman is an American financial advisor and the founder of Edelman Financial Engines.
He is a highly respected financial commentator, author, and radio and television host.
His books have been published in multiple languages and include the New York Times bestsellers The Truth About Money and The Truth About Your Future.
He is the host of the weekly Ric Edelman Show and the syndicated radio program The Ric Edelman Show.
He is also a frequent guest on national television shows.
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Over to You
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Thanks a lot,
Simon
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