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Editorial Reviews
From Booklist
Several years ago, after helpful nudges from Oprah and Rush Limbaugh, Thomas Stanley and William Danko found themselves sitting atop the best-seller charts with The Millionaire Next Door: The Surprising Secrets of America's Wealthy (1996), in which they profiled the surprisingly frugal lifestyles and spending habits of America's "hidden" millionaires. Now Edelman hopes to garner the same attention with this survey of 5,000 of his clients who are "predominately middle-class" but successful investors. Edelman, a financial planner and popular talk-show host, is already the author of The New Rules of Money: 88 Strategies for Financial Success Today (1998) and The Truth about Money: "Because Money Doesn't Come with Instructions" (1996). He uncovers eight basic "secrets" that, in several cases, run counter to prevailing financial wisdom. Don't pay down your mortgage! Don't diversify your retirement plan contributions! After explaining each strategy, Edelman lets his survey respondents speak "in their own words." David Rouse
Michael R Burke, defense analyst
"Get as much of a mortgage as you can for as long as you can. Using someone else's money is always better than using your own."
See all Editorial Reviews
Several years ago, after helpful nudges from Oprah and Rush Limbaugh, Thomas Stanley and William Danko found themselves sitting atop the best-seller charts with The Millionaire Next Door: The Surprising Secrets of America's Wealthy (1996), in which they profiled the surprisingly frugal lifestyles and spending habits of America's "hidden" millionaires. Now Edelman hopes to garner the same attention with this survey of 5,000 of his clients who are "predominately middle-class" but successful investors. Edelman, a financial planner and popular talk-show host, is already the author of The New Rules of Money: 88 Strategies for Financial Success Today (1998) and The Truth about Money: "Because Money Doesn't Come with Instructions" (1996). He uncovers eight basic "secrets" that, in several cases, run counter to prevailing financial wisdom. Don't pay down your mortgage! Don't diversify your retirement plan contributions! After explaining each strategy, Edelman lets his survey respondents speak "in their own words." David Rouse
Michael R Burke, defense analyst
"Get as much of a mortgage as you can for as long as you can. Using someone else's money is always better than using your own."
See all Editorial Reviews
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