Summary of The Truth About Your Future
From THE TRUTH ABOUT YOUR FUTURE: The Money Guide You Need Now, Later, and Much Later by Ric Edelman. Copyright © 2017 by Ric Edelman. Reprinted by permission of Simon & Schuster, Inc.
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Author and financial adviser Ric Edelman says that if you want to benefit from impending momentous changes, you must absorb their implications into your worldview and your investment strategy. New and growing “exponential technologies” will affect your life, calling for fresh planning to deal with a new paradigm that has potentially thrilling, disquieting and unfathomable outcomes. Edelman accessibly guides you through the financial impact of robotics, machine learning, nanotech, life-extending medicine, financial tech, and more. He considers the “dark side” of each technology and describes how transformative disruption affects your money management. Edelman predicts the future without equivocation, trusting technology’s impact. He says your lengthy, liberated, joyous future depends on long-term, progress-fueled “compound growth.” While never giving financial advice, getAbstract recommends his comprehensive, organized and cautionary guide to all those planning their financial future.
In this summary, you will learn
- How “exponential technologies” will generate phenomenal growth;
- Why, despite risks, they can transform your financial planning and your quality of life; and
- How to invest strategically in a dynamic portfolio that is prepared for the future.
About the Author
Ric Edelman heads Edelman Financial Services, a consultancy and asset management firm. His personal finance manuals include The Truth About Money and Rescue Your Money.
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Comment on this summary
4 months agoHelpful
7 months agoThe summary was really helpful to most people but I like the way how the author summarized the different aspects of the future.
7 months agoThe summary was helpful in gaining additional insight and recommending to evolve for a more successful financial future.
8 months agoI like the way of how the author has summarized the different aspects of the future.
Better to be prepared.
Thanks for the summary, GetAbstract Team.
8 months agoA confused book/ summary; seems like a hodge-podge of buzzwords desperately weaved together to drive home an equally vague idea - financial planning in/ for future. The author seems to have no understanding how various social and technological changes are affecting/ will affect human life in the near/ long term.
8 months agoAshish, from ex Macquaire?
8 months agoexcellent look towards the financial future, which we have to develop NOW