Ric Edelman is the CEO and Chairman of Edelman Financial Services and this is his second appearance on the Creating Wealth podcast. Ric hosts his own television and radio show. He is the author of the #1 New York Times bestseller, The Truth About Money and he is here today to share with us insights from his new book, Rescue Your Money. His advice to those interested in investing in their financial future is to diversify your portfolio and to never pay off your long-term mortgage.
[3:00] Using software to run your business and income property basics at the next seminar.
[3:51] Inflation: The percentage of increase since 2012.
[10:08] Ricardo, 3D printing is not free and you must consider the inflationary and deflationary forces.
Ric Edelman Guest Interview
[17:45] 11 Great Reasons to Carry a Big, Long Mortgage
[21:45] Behavioral Finance: Why emotionally we make the wrong decisions at the wrong times.
[23:08] Depending on how you spend your money you may be experiencing a very high rate of inflation.
[26:09] Inflation and taxes are the two key obstacles investors face.
[29:03] Nobody knows what the future holds so diversity in your portfolio is of the utmost importance.
[30:41] The 16 major asset classes and market sectors.
[34:22] 2 things people believe about the stock market which are completely false.
Mentioned in This Episode:
Guest: Ric Edelman
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