Product Description

Have your goals and dreams gotten lost in your daily struggle to earn a living and provide for your family?

In Discover the Wealth Within You, Ric Edelman shows you how to choose fun, enriching and rewarding financial goals and gives you a simple straightforward plan for achieving them. As he reveals in this audio, all you need to become wealthy is to decide what you want to do with your money. With enticing, personal goats in place, you'll motivate, excite and sustain yourself in your quest for wealth.

Once you set your goals properly, you'll embark with Ric on a detailed exploration of personal investing. Ric reveals his formula for creating a plan to achieve your goals, build your financial future and finance your dreams -all through his unique, time-tested investing strategies.

By following Ric's plans and guidelines, you can achieve a healthy, balanced and richly rewarding life. Anyone can do it, he stresses, with the tools and techniques he provides. So, join Ric and discover the wealth within you.

Product Details

• Amazon Sales Rank: #238394 in Books
• Published on: 2003-04-01
• Format: Bargain Price
• Number of items: 1
• Binding: Paperback
• 400 pages

Amazon.com
Ric Edelman believes you can't create a truly effective personal finance plan until you really know what you want out of life. In Discover the Wealth Within You he shows how to develop a realistic series of individualized goals for your future, and then how to construct an investment program to help you realize them. Edelman, author of New York Times bestsellers Ordinary People, Extraordinary Wealth and The Truth About Money, draws on these books to explain why we're ultimately more successful with our financial agenda when we focus on it as a means to an array of unambiguous objectives (such as "see an event in person during the next Winter Olympics" or "have plastic surgery in three years") rather than vague long-range aspirations (like saving "for retirement" or to "buy a house"). In the first section he unveils a step-by-step process for determining the precise objectives that motivate us; in the second he points us toward a mutual-fund-based savings plan that should be easier to capitalize consistently because we know where it's taking us and when we'll get there. Incorporating a profusion of appropriate cartoon strips, inspirational testimonials, persuasive statistics, and an unusual assembly of footnotes that are as amusing as they are informative, Edelman offers a clear and innovative course of action that could turn even procrastinating wannabes into enthusiastic money managers. --Howard Rothman

From Publishers Weekly
Personal finance specialist Edelman acknowledges up front that this is really two books in one. The first half aims squarely at readers of motivational self-help books, as the author exhorts readers to set exciting goals for themselves climbing mountains, collecting handbags that will inspire their quest for wealth. In the second half, he advises readers on investing in mutual funds, targeting his counsel toward those with at least some knowledge about the field. He attacks some common investing wisdom, particularly the value of Morningstar ratings and the advantages of index funds. Edelman painstakingly points out that he's criticizing the mutual fund industry's misuse of Morningstar ratings in advertisements, not the Chicago-based ratings agency itself. Fair enough, though his argument glosses over the point that ratings are helpful when used as one of many criteria to evaluate a fund. More troublingly, his dismissal of index funds stems from his premise that fees, including mutual fund loads, are the least important consideration in an investing decision. There is much good evidence to the contrary. Performance is unpredictable; fees aren't. Unlike his earlier blockbuster, Ordinary People, Extraordinary Wealth, Edelman's latest may strike a false chord with readers. On deadline, Edelman inserted some references to the terrorist attacks, apparently to compensate for the self-indulgent tone of the "goal statements" that clash with the newly sober national mood.
Copyright 2002 Cahners Business Information, Inc.

From AudioFile
Well-known financial author Edelman has created one of the most congenial, relaxed, and inviting lessons on managing money you'll ever hear. He's humorous in an intimate, bantering sort of way, often prodding the fickle attention span of listeners by asking questions and reacting in an astounding way to his own statements. Just the sound of his voice may jolt you into action if you need a wake-up call. Add this quality to some well-organized investment advice, especially on mutual funds and the importance of balance, and you have an audio that people interested in their financial future ought to hear. The advice is supported by concise research summaries that lay a foundation for the author's recommendations. T.W. © AudioFile 2003, Portland, Maine-- Copyright © AudioFile, Portland, Maine

Customer Reviews

How To Be Healthy, Wealthy, & Wise the Fun Way.
This is an interactive how-to book fulled with relevant comic strips and cartoons -- a very graphic publication. In it, he promotes reverse psychology to get what you want; my sister mastered in this type of child rearing which I could never learn.

This book is about setting goals, not just realistic, but real. Make this goal as though you were living it today. Visualize. By doing this, your enthusiasm will rise, your focus will intensify, and you'll be able to stick to your goal. Nothing is impossible. Sure enough, one day, you will make it happen, because you'll have made it important to you, vitally important.

After you set your goal, you have to plan how to achieve it. Too many retired people are so focused on maintaining a living that they sometimes forget to have a life, and become 'bored to tears!'

Lincoln said: "And in the end it's not the years in your life that count. It's the life in your years." He gives several "what-if" and "if-only" scenarios.

Whatever you choose, however you go about achieving your goals, the main end result is to be happy along the way and when you reach your destination. We may not get what we want when we want it. I was told by a stranger some years ago that God does not work on our time, but He has a plan for each of us in His own time. I'd really love to go to South America to see their pyramids. John Greenleaf Whittier said, "For all sad words of tongue and pen, the saddest are those "It might have been."

He tells us that "Bill Gates is rich because he own a whole lot of Microsoft, the software company he started. He's the richest person in America, perhaps the world." Part II shows you how to have your cake and eat it, too: take your choice, pound cake is fixed income investments and stocks; marble cake is filled with both. Cupcakes are fads. Avoid them.

Learn to be yielding, and that way, you'll exercise your strength. It sounds contradictory, but it's not. Many ancient cultures consider water the strongest substance on earth because it acts with gentle persistence rather than brute strength, and in that way manages to shape its circumstances without
destroying what lies in its path. Maybe there's a lesson you could learn from that and apply to your own life.

Not so good
I picked this book up at a dollar store so I guess I got my moneys worth . this book gives very little info compared to it's size. It does have some useful info on the morning star ratings and Bata.
For me it seems to give a lot of info what people do wrong but not How to do it right.

Two unrelated themes, one decent book
This is a decent book, if (a)you want a very interesting guide to goal setting, and (b) you want to learn about mutual funds, and the ideas involved in modern portfolio allocation. So in one way, it is two books in one. The two however, are NOT related in a real way. While some of the advertising and blurbs for this book make it sould like the investing section will in some way help you to more rapidly reach the goals you set in the front "goal setting" section, this is almost certainly not going to happen. The mutual fund, and the "modern portfolio allocation" are not radical way to improve returns. If you follow the advice of this book, you will (a) do about as well as most any disciplined investor, and (b) protect yourself from possibility of massive loss in the type of market we have just been through. You will probably not be touring the world on a sailboat, operating a first class horse farm, or living in luxury in Europe, which are type of goals Mr. Edelman encourages the reader to engage in at the front of the book. So my only complaint would be that the book promises much more than it returns. But if you read each half of the book, as clearly NOT related to the other half, it is a useful tool, in particular the thoughts on portfolio allocation, and the links near the end. It is clearly written and easy to understand in most ways.