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

Ric Edelman (Author)

Book Description

Publication Date: April 1, 2003

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 carefullydesigned, highly diversified long-term portfolios that will weather any storm.

Editorial Reviews

From Publishers Weekly

In yet another demonstration of the industry's quick response to the September 11 terrorist attacks, Ric Edelman (The Truth About Money; Ordinary People, Extraordinary Wealth) offers Financial Security in Troubled Times: What You Need to Do Now. "In the aftermath of that terrible day, people have begun to wonder about the safety and security of their jobs, their investments, their homes and their families," he writes. To that end, he presents eight chapters which discuss cash reserves, mortgages, job security, estate plans, investment strategies and more. And although readers might question the quality of a book that was written "in just two days," this is nonetheless a timely financial guide.

Copyright 2001 Cahners Business Information, Inc.

--This text refers to an out of print or unavailable edition of this title.

About the Author

Ric Edelman, CFS, RFC, CMFC, CRC, recently wrote Financial Security in Troubled Times to aid consumers in the aftermath of September 11. He is also the author of three bestsellers, The Truth About Money, The New Rules of Money and the #1 New York Times bestseller, Ordinary People, Extraordinary Wealth. His firm, Edelman Financial Services, Inc., is one of the largest financial planning firms in the nation, handling $2 billion for Americans across the country. Ric lives in Great Falls, Virginia, with his wife, Jean, and their weimaraners, Dojar and Liza.

Product Details

• Paperback: 176 pages
• Publisher: Harper Paperbacks (April 1, 2003)
• Language: English
• ISBN-10: 0060094044
• ISBN-13: 978-0060094041
• Product Dimensions: 8 x 5.3 x 0.5 inches
• Shipping Weight: 4.3 ounces
• Average Customer Review: 3.2 out of 5 stars  See all reviews (14 customer reviews)
• Amazon Best Sellers Rank: #1,202,872 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

16 of 16 people found the following review helpful:

5.0 out of 5 stars Sound Advice Doesn't Weigh Ten Pounds, November 20, 2001

By 

Edwin P. Morrow (Middletown, OH USA) - See all my reviews
(REAL NAME)   

This review is from: Financial Security in Troubled Times: What You Need to Do Now (Hardcover)

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.

17 of 20 people found the following review helpful:

5.0 out of 5 stars Helped me more than anything, October 30, 2003

By 

Melody Cooke (Nashua, NH) - See all my reviews

This review is from: What You Need to Do Now: An 8-Point Action Plan to Secure Your Financial Independence (Paperback)

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.

16 of 19 people found the following review helpful:

5.0 out of 5 stars Book achieves its goals, November 29, 2001

By 

"bronsonk" (Bethesda, Maryland) - See all my reviews

This review is from: Financial Security in Troubled Times: What You Need to Do Now (Hardcover)

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.