Rating: 
Summary: Good book; Great E-BOOK; The Author Really Knows His Stuff.
Review: Pretty impressive how the author takes decades of financial advising experience and filters it all down to 8-10 basic principles he has seen in his clients. But is a bit wordy...message could be contained to 40-50pages. Good info here on why mortgages are something you actually want to have, why portfolio diversification is not necessarily paramount, etc. I liked the eBook version because all you really want to know is the 8-10 tips...and then have them available on your PC for reference to check from time to time...a desktop resource for managing your financial life. Also think the Adobe eBook Reader is good at displaying books and at navigating a book in general.
Rating: 
Summary: Intriguing, but thin
Review: There are some excellent ideas in this book. Imagine, it's not always best to pay off a mortgage that has an interest rate lower than the market's long-term average return. Who would have thought that the best strategy for a 401K is NOT to diversify new contributions? Very thought-provoking, but left me yearning for more information about when to diversify the existing balance, etc. But, since the price of the paperback is so low, it's worth it. So, I bought his other book: "The New Rules of Money" to get some more in-depth advice and information. His advice seems, at first blush, counterintuitive. But, his logic is undeniable.
Rating:
Summary: Just another way to have your money "flow"......
Review: Like any book, all the ideas here should not be taken as "religion". Edelman make some counter to today's money stratgies statements which make wonderful food for thought. The bottom line is we all have to work, REALLY WORK, at using our money to the best advantages to us as individuals. For us it just did'nt make sense not to pay off our mortgage, even if the end result was a bit more money of we had manipulated it in a different manner. The piece of mind that came with owning our home free and clear was worth more to us. After all, money is not everything....IT"S JUST A TOOL.
Rating:
Summary: ordinary people extraordinary wealth
Review: Ric Edelman takes the mystique out of wealth building and narrows the thought process to 8 simple rules accumulated by reviewing 5000+ clients. Simple is best and the recurring theme makes wealth understandable,and possible! This best selling author has been on Oprah twice and he continues to hone in on financial concepts seldom thought about by other business authors. His other books, the Truth about Money and the New Rules of Money, can add to the library of any wealth-seeking individual. The reading is easy and thought provolking at the same time.As a reader that reads a new business book nearly every week, I put Edelman at the top of my business library list.
Rating: 
Summary: More of the same, not much new
Review: Edelman uses a survey of his clients to rehash eight previously-discussed lessons on personal finance and investing. Really, not much new here and the exhaustive quotes and testamonials from his clients add very little. If you have read his work before, which is very good, I recommend passing on this one.
Rating:
Summary: Bluntly Honest
Review: Ric Edelman's book is down to earth and honest in its approach to money management in the year 2001. This is not a book for the short term investor, but a superb guideline for those looking at long term goals of security and wealth in the retirement years. Edelman's research of 4,000 "ordinary Americans" who invested as little as $23/month and have a comfortable wealth to fall back on is easy to relate to and focuses on the common traits of these extraordinary investors. Edelman is candid and often brutally honest (not to mention a bit humorous at times) about people's shortcomings and emotions when dealing with money. This book and its insights have me thinking in a new way. A quick read that is sure to have you considering your financial future! By no means is this a get-rich-quick book.
Rating: 
Summary: Lousy Book
Review: Don't waste your time reading this book. Although it has some decent advise, it mixes it with very bad advise that will not make you any money. The author doesn't know what is happening in the real world of money.
Rating: 
Summary: Oridinary People, Extraordinary Wealth
Review: I thought it was average.
Rating:
Summary: The Complex Made Easy
Review: Ric Edelman has a gift of being able to distill complex financial situations into easy to understand concepts, explained in layman's terms. His book shows how he counsels his clients and the results they have achieved as a result of his advice. Wealth is achievable by anyone who desires it, given time and the proper discipline. He provides insightful perspectives to help you duplicate the efforts of his clients. The key seems to be controlling the largest pool of assets you can, not necessarily owning them all outright. At the same time, you must evaluate how you are using your resources, own appreciating, rather than depreciating assets with borrowed money. Unlike books expounding on entrepreneurial efforts as the key to wealth, this book applies to anyone who is earning a living by some means. Of course the future will never be the same as the past, but the strategies he outlines will perform relative to the whole situation just as well. If you can only buy one book of financial advice, make this the one! You won't be disappointed if you follow the strategies outlined in the book.
Rating:
Summary: Well written, witty book on the subject of wealthy people.
Review: I really enjoyed reading this book, however, I felt that the people the author described were all his clientelle. I suppose there is nothing wrong with that, but I don't think this book is an accurate example of all wealthy individuals nationwide. his concept of saving and investing rather than paying off ones mortgage is debatable. I do believe Mr. Edelman is a very astute and knowledgeable individual. As far as comparing this book to 'The Millionaire Next Door', I have mixed feelings. They are both good books. I would recommend; The Millionaire Mind by Thomas J. Stanley or, Debt Free and Prosperous Living by Dave Ramsey. I've yet to read any other books by Ric Edelman. His style is very readable and interesting. Eventually I'm sure I will read more of his work.
|
