What You Need to Do Now: An 8-Point Action Plan to Secure Your Financial Independence

By Ric Edelman

Book Overview

Ric Edelman, best-setting author of Ordinary People, Extraordinary Wealth, provides a back-to-basics plan for getting started on the road to financial, freedom. The time to act is now -- to preserve your financial well-being, secure your family's future, and ensure your peace of mind. Financial expert and best-selling author Ric Edelman's 8-point plan will help you to: Prepare for money emergencies by establishing a cash reserve, with tips on checking and savings accounts and safe places to stash that cash. Provide for your family with the right kind of health, life, disability, long-term care, auto, homeowners, and liability insurance. Preserve your assets with proper estate planning, from wills, titles, and trusts to probate, powers of attorney, and taxes. Secure your home with a 30-year mortgage and do so while you still have a job and can get the loan. Protect your income with the right questions to ask your employer about business continuity coverage, Phoenix plans, and other company-saving procedures. Defend your business with key man coverage, cross training, data backups, off-site storage, consultants, and other strategies. Help others in their time of need to make sure that no one is left behind. Plan your next investment moves by developing carefully designed, highly diversified long-term portfolios that will weather any storm.

• Format: Paperback
• Language: English
• ISBN: 0060094044
• ISBN13: 9780060094041
• Release Date: April 2003
• Publisher: Harper Paperbacks
• Length: 176 Pages
• Weight: 0.30 lbs.
• Dimensions: 0.4" x 5.3" x 8.0"

Customer Reviews

Helped me more than anything

I had the opportunity to buy another book by this author several years but now regretfully passed and watched by investments go down the drain as I followed advice from another financial author.Edelmans book helped me to recoup those losses and get back on track. I have since added "The Truth About Money" and "Ordinary People Extraordinary Wealth." I also recommend "The Road to Wealth" and "The Laws of Money" by Suze Orman, another credible financial author.

Book achieves its goals

This book accomplishs its limited goal and does it well. To say the book is short on detail or substance misses the point of the book. Ric's other books do that. This book is meant to be a quick and basic primer on what people can do now, and it's not meant to be more. Furthermore, to say the author has questionable credentials is amusing. His firm was ranked by Bloomberg as the 5th-largest independent financial planning firm in the nation, with 5,400+ clients and $1.7 billion in client assets. Please, if you're going issue a poor review, make sure its not just a shallow and sleazy ranting.

Well written book, gives great advice

With the evnets of 9/11, many of us don't know where to turn regarding our finances. This book will guide you with great advice. I'm glad I purchased it and will advise you to do the same. An easy read!!!

Sound Advice Doesn't Weigh Ten Pounds

Millions of Americans have been forced to reflect on sad events and the horrific impact on hundreds of thousands of families as result of the Trade Center Attack. Layoffs, forced retirements, disabilities, deaths and financial crises are happening everywhere, and Edelman's book exploits these fears to very good purpose. Millions ought to read this book. It is full of sound advice and practical steps. No, it doesn't offer some stock market magic or clever way to manipulate your insurance or a real estate pyramid scheme. It fully delivers on the author's stated purpose, to deliver "Financial Security" with sound advice to persons that have had to reassess their own circumstances - or for that matter, for anyone that wishes to avoid financial peril. Any reviewer that does not assign this 5 stars is probably a self-styled stockpicking guru that was looking for a hot tip. There are no silver bullets in personal finance. Tough times warrants tough advice and this book fulfills its commitments. Banks, credit unions, brokerage firms and financial advisors would do well to buy copies for the benefit of their customers.

Simply Amazing

I was worried about what to do these days, and I was able to Ric's book in even less time than he wrote it. It is a very fast, easy read - and most importantly, it covers everything I needed to know right now. His writing style is friendly and accessible, and the book is filled with practical, usable information I can understand, about bank accounts, mortgages, insurance, even buying a home safe! I'll be acting on much of his advice immediately. I'm most impressed that he's giving all the money to charity. This book is a great contribution, not just to charity, but to all of us who need the information to handle these times and the confidence to get us through it. I strongly encourage you to read this, and share it with friends. I'm now going to read other books of his.