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Ordinary People, Extraordinary Wealth: The 8 Secrets of How 5,000 Ordinary Americans Became Successful Investors--and How You Can Too

Ordinary People, Extraordinary Wealth: The 8 Secrets of How 5,000 Ordinary Americans Became Successful Investors--and How You Can Too
List Price: $15.00
Pay Mortgages Price: $8.44
Your Savings: $ 6.56 ( 44% )
Subject To Change Without Notice
Availability: N/A
Manufacturer: Collins
Average Customer Rating: Average rating of 3.0/5Average rating of 3.0/5Average rating of 3.0/5Average rating of 3.0/5Average rating of 3.0/5

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Binding: Paperback
Format: Bargain Price
Label: Collins
Manufacturer: Collins
Number Of Items: 1
Number Of Pages: 336
Publication Date: 2000-12-26
Publisher: Collins
Release Date: 2000-12-26
Studio: Collins

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Editorial Reviews:

How did a secretary, a firefighter, a retired naval officer, a housewife, a construction worker, a schoolteacher, and a pharmacist become wealthy? Bestselling author Ric Edelman has studied the wealth-making habits of these and 5,000 other ordinary Americans. What he found is revealed for the first time in this book: the eight great secrets to attaining wealth.

This extraordinary book is filled with the advice of everyday people -- people like your own friends and neighbors -- who entered the world of personal finance, often with no real plan at the start, but who found ways to accumulate astonishing amounts of money.

A rich, irreplaceable lifetime of wealthbuilding experience is now at your fingertips. Here you will learn to arrange your finances and make your investment decisions so you can reach your goals and achieve financial security. Including: How to turn your mortgage into a wealth-enhancing tool; Why small investments work better than big ones; How to max out on your employer-sponsored retirement plan; Your investments: when to hold them and when to fold them; Financial news: when to pay attention and when to turn it off; Plus, of course, much, much more.

Let your neighbors lend you a hand and let Ric Edelman guide you through their lessons. So come along for an eye-opening journey with thousands of ordinary folks who found their way to extraordinary wealth.

Five thousand of your neighbors found hard-won financial success using the same eight secrets to attaining wealth. The lessons they learned through many years of life experience, and lots of trial and error, can now be yours!

After studying the habits of thousands of financially successful people, bestselling author Ric Edelman found that they shared eight fundamental methods for attaining wealth. Now you can adopt these same eight strategies yourself.

Let the extraordinary experience of ordinary investors -- along with Ric Edelman's expert analysis -- help you create your own financial success story.


Spotlight customer reviews:

Customer Rating: Average rating of 2/5Average rating of 2/5Average rating of 2/5Average rating of 2/5Average rating of 2/5
Summary: Some advice I agree with and some I don't
Comment: Some of the "secrets" in this book are good ideas, but not all. I disagree with the idea of not paying off your mortgage. (And I felt that way before the mortgage crisis) Unfortunately, that was the first secret in the book and it started me off with a bad impression.

The book was based in interviews and research on a group of wealthy people. There are sections in the book that contain pieces of advice from those folks (best thing they ever did, worst mistake they ever made, etc) which provide some good ideas. However, many end up repeating the same things.

Overall, it was an okay book but I have to admit I ended up skimming lots of it towards the end. I don't know that I came across anything really new to me (but then, I do read a lot of personal finance books). I'm also not certain that I agree with all the advice provided. My opinion is that The Millionaire Next Door offers better information. I'm glad I borrowed the book from the library instead of purchasing it.

Customer Rating: Average rating of 5/5Average rating of 5/5Average rating of 5/5Average rating of 5/5Average rating of 5/5
Summary: Excellent financial planning advice
Comment: I highly recommend this book for those who are trying to figure out what they need in financial planning, when are they going to need it, and how to get there from here. Ric let his clients do the advising, the message is very powerful.

Customer Rating: Average rating of 2/5Average rating of 2/5Average rating of 2/5Average rating of 2/5Average rating of 2/5
Summary: Redundant
Comment: A lot of redunduncy. You don't miss anything if you skip "in their own words" pages.
There should have been a mention of "retirement planning" on the title of this book. The book is mainly for 401K investments. Not a help for a reader who is after inspirational stories of "ordinary people with extraordinary wealth".


Customer Rating: Average rating of 5/5Average rating of 5/5Average rating of 5/5Average rating of 5/5Average rating of 5/5
Summary: Very helpful
Comment: I wish this book had been available when I first began investing! I could have avoided 90% of the (very costly) mistakes I made.

Yes, the advice is simple. But that's the beauty of it.

Don't switch your investments around too much. Don't pay too much attention to the financial media. These are the 2 tips I found the most helpful. I reacted out of fear and made emotional decisions. Very bad idea.

I especially enjoyed the sections where Ric lets his clients speak for themselves.

So, I highly recomment this book. Another, somewhat similar one I like is is "Eight Steps to Seven Figures" by Charles Carlson.

Customer Rating: Average rating of 1/5Average rating of 1/5Average rating of 1/5Average rating of 1/5Average rating of 1/5
Summary: Biased Examples... Poorly Written... Arrogance Unleashed
Comment: I didn't enjoy one bit of this book. I disagreed with many of his "8 secrets", but even his examples to support his theories were outlandish and based on very rigid assumptions that aren't necessarily supported by real world conditions.

And his perceived arrogance was anything but flattering. The entire time he was making his insane points, I felt like he was implying anyone who doesn't follow his advice is stupid. Fortunately, I read this book (and borrowed it for free from the library) prior to reading any of his other books, that he shamelessly plugs continuously throughout this entire waste of paper garbage of a book.

Don't waste your time reading it.




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