Ordinary People, Extraordinary Wealth

Ordinary People, Extraordinary Wealth Eight Unconventional But Proven Strategies For Smart Investing From Ric Edelman S Survey Of 5,000 Of His Most Successful Clients.How Did A Secretary, A Firefighter, A Retired Naval Officer, A Housewife, A Construction Worker, A Schoolteacher, And A Pharmacist Become Wealthy Bestselling Author Ric Edelman Has Studied The Wealth Making Habits Of These 5,000 Other Ordinary Americans And Reveals His Findings In This Extraordinary Book That Outlines In Eight Easy, Practical Steps To Secrets To Achieving And Maintaining Wealth Here You Ll Find A Lifetime Of Wealth Building Experience From People Just Like You People Who Have Figured Out How To Arrange Their Finances And Make Wise Investment Decisions So That They Can Reach Their Goals And Achieve Financial Security Plus, You Ll Find Tips On How To Turn Your Mortgage Into A Wealth Enhancing Tool Why Small Investments Work Better Than Big Ones How To Max Out On Your Employer Sponsored Retirement Plan When To Hold Investments And When To Fold Them When To Pay Attention To Financial News And When To Turn It Off Let Your Neighbours Lend You A Hand And Let Ric Edelman Guide You Through Their Lessons In This Eye Opening Journey With Thousands Of Ordinary Folks Who Found Their Way To Extraordinary Wealth. Though Edelman has some good advice about building wealth, this pre recession book published in 2001 , is way to optimistic about financial trends The biggest issues I had with the book are that Edelman encourages people to get as large a mortgage as they can and then invest the money they do not put into the house When giving his examples he uses a 12% annual investment return you read that right 12% The payment of debt is guaranteed, while investment returns have inherent risk and are Though Edelman has some good advice about building wealth, this pre recession book published in 2001 , is way to optimistic about financial trends The biggest issues I had with the book are that Edelman encourages people to get as large a mortgage as they can and then invest the money they do not put into the house When giving his examples he uses a 12% annual investment return you read that right 12% The payment of debt is guaran
First of all, this book was written in 2001 and the original edition was written in 2000, well before the financial crisis The first chapter basically was a blueprint to what caused the real estate bubble Taking out a mortgage forthan you need andthan the property is worth while keeping your money in savings or not having a financial cushion at all should never have been advocated.The second chapter talks about investing and how the wealthy do NOT diversify their stock or reti First of all, this book was written in 2001 and the original edition was written in 2000, well before the financial crisis The first chapter basically was a blueprint to what caused the real estate bubble Taking out a mortgage forthan you need andthan the property is worth
While the eight recommendations were fair, none were revolutionary to someone who had already read several personal finance books The author s tone was annoyingly casual, with repeated agitations to read his prior books The majority of the book s pages were filled wi
Mostly amounts to Don t pay off your mortgage early, invest the money instead. The book contained good advice from people who are very money smart andthan that have gone through some tough times as well as learned many lessons by trial and error Some of the ideas seemed out dated yet some still stand the test of time. The book is a little outdated Really did not offer anything radical. This review has been hidden because it contains spoilers To view it, click here Strongly disagree with a lot of the information in this book I knew in the first chapter that we had a complete difference of views Chapter one he is going on and on about how one should have a mortgage for the tax savings which is a ridiculous idea Why should one pay thousands of dollars a year to get a few thousand dollars in tax savings Another chapter he stresses to always invest 100% in stocks no matter what your age Well investing in stocks is excellent but as people get closer to ret Strongly disagree with a lot of the information in this book I knew in the first chapter that we had a complete difference of views Chapter one he is going on and on about how one should have a mortgage for the tax savings which is a r
A lot of this info seems to be a little outdated However, I got some true gems from this book The best thing I got out of it was to not pay off your mortgage early And concrete reasons why I ve always felt the itch to have no debt, but this truly helped me come to terms with good debt. The material is a bit dated and some of it I disagree with It is well written and it always helps to remind me what I need to do when I read a financial book Otherwise there are many othertimely money books out there that would be a better use of your time. This book gave some interesting tips on what average people who become wealthy do differently from most people However, the In their own words section of the chapters was a bit redundant and could have been shorter.

[Read] ➬ Ordinary People, Extraordinary Wealth  Author Ric Edelman – Rarefishingbooks.co.uk
  • Paperback
  • 336 pages
  • Ordinary People, Extraordinary Wealth
  • Ric Edelman
  • English
  • 18 November 2017
  • 0062736868