Joe Ganley
Writing code since 1979
I have been a professional software engineer for over 10 years. I have written many kinds of software, but my particular strengths are interactive graphics applications, compilers and interpreters, and algorithms.

I also enjoy writing, woodworking, and home improvement. Also this.


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Tuesday, June 05, 2001

I just read all three of
Ric Edelman's books in succession: The Truth About Money, The New Rules of Money, and Ordinary People, Extraordinary Wealth. Of these, The Truth About Money is quite good; it's a fairly general and comprehensive personal finance how-to. A few things are out of date -- tax laws and such -- but mostly it's a good read. The New Rules of Money is also good, though it rehashes a lot of the same material. I found Ordinary People, Extraordinary Wealth pretty lame; it again rehashes a lot of the stuff in the other two books, and on top of that well over half the book is client testimonials "in their own words," which I found totally useless. So, my recommendation is that you buy The Truth About Money, borrow The New Rules of Money from a friend or the library and skim it, and skip Ordinary People, Extraordinary Wealth altogether.

As with all personal finance books, it helps if you understand finance well enough to decide whether you agree with him on various points; certainly some are debatable. In particular, one thing that annoys me about Edelman is that he seems to think maximizing your savings at retirement is the most important goal, no matter how it impacts your lifestyle throughout your life up to that point.

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