
The Truth About Your Future
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In The Truth About Your Future, award-winning financial advisor Ric Edelman reveals how technology and science are evolving at a blistering, almost incomprehensible pace?with profound implications for your personal finances. Ric radically upends traditional financial planning, showing that you need not just one financial plan, but three?one for now, one for later and one for much later. He explains: Why you're likely to live much longer?and the impact on your financial future; how you must alter your plans to shift from the familiar linear lifeline (school-job-retirement-death) to the new cyclical lifeline; the importance of Career Planning?even if you're in your fifties or sixties; how to invest in tech companies and how to generate income from your investments; why nursing homes are becoming obsolete?and with them, long-term care insurance policies, and what this means for you; how to protect your digital assets; and how you'll spend your time?and money?in retirement, and why the future will be the happiest time of your life.
The traditional paradigms of how we live, learn, and invest are shifting under our feet. Fortunately, Ric Edelman has seen the future, and in The Truth About Your Future he illustrates how smart investors can adapt and thrive in today's changing marketplace. Newcomers and loyal Edelman followers alike will find value in his proven advice and trademark humor. This is a must-have guide for anyone serious about successfully adapting to the ever-evolving financial landscape.
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Person
Ric is the industry's top financial educator, for thirty years the award-winning host of his national personal finance radio show. He's also produced award-winning specials for Public Television, and is a #1 New York Times bestselling author of ten books on personal finance. He taught personal finance for nine years at Georgetown University and is now Distinguished Lecturer at Rowan University, which named its communications school the Ric Edelman College of Communication & Creative Arts in 2020.
Ric and his wife Jean live in Northern Virginia. They are benefactors of the Edelman Center for Nursing at Inova Hospital Foundation, the Edelman Indoor Arena at Northern Virginia Therapeutic Riding Program, and Rowan University's Edelman Planetarium and Edelman Fossil Park.
Content
- Intro
- Dedication
- Acknowledgments
- Foreword
- Preface
- Predict Your Future
- Prologue: Why Yogi Berra Was Right
- The Two Laws of Exponential Technologies
- Understanding Exponentiality
- The Compound Growth Curve
- Part One: A Tour of Exponential Technologies
- Chapter One: Connecting with Each Other
- The Internet of Things
- Virtual Reality and Augmented Reality
- A Case Study in Exponential Technologies
- Chapter Two: Big Data
- Data Creation
- Data Storage
- Data Usage
- Data Brokerage
- The Ultimate Data Center: Your Body
- Managing Medical Information
- Privacy in the Information Age
- Chapter Three: Robotics
- Flying Robots
- Autonomous Robots
- Bionics
- Chapter Four: Nanotechnology and Materials Science
- Chapter Five: 3D Printing
- Chapter Six: Medicine and Neuroscience
- Chapter Seven: Energy and Environmental Systems
- Energy
- Water, Electricity and Heat
- Bottling the Ocean
- Hydroponics and Aeroponics
- Repairing Our Planet
- Chapter Eight: Innovations in Education
- Free Textbooks
- Remote Learning
- Self-Paced Learning
- Education Without Teachers
- Free Education
- Chapter Nine: The Future of Leisure and Recreation
- Travel and Entertainment
- Sports
- Stadiums of the Future
- Playing Sports
- Fantasy Sports
- E-Sports
- Player Connections
- Chapter Ten: Financial Services Innovation
- Games and Gamification
- The Key to Worldwide Economic Growth: Eliminating the Unbanked
- Mobile Banking, Brought to You by Free Wireless Internet
- Digital Currency
- The Blockchain
- Understanding the Blockchain
- Chapter Eleven: Safety and Security
- Chapter Twelve: The Dark Side
- The Dark Side of the Internet
- The Dark Side of Mobile Tech
- The Dark Side of AI and Machine Learning
- The Dark Side of AR and VR
- The Dark Side of Wearables
- The Dark Side of Big Data
- The Dark Side of Robotics
- The Dark Side of SDVs
- The Dark Side of Drones
- The Dark Side of Bionics
- The Dark Side of Nanotech and Materials Science
- The Dark Side of 3D Printing
- The Dark Side of Medicine and Neuroscience
- The Dark Side of Energy and Environmental Systems
- The Dark Side of Crowdfunding and Crowdsourcing
- The Dark Side of Games and Gamification
- The Dark Side of Unbanked/Mobile Banking
- The Dark Side of Digital Currency
- The Dark Side of the Blockchain
- The Dark Side of Investments
- The Dark Side of Safety and Security
- The Darkest Side of All
- Part Two: What Exponential Technologies Mean for Personal Finance
- Chapter Thirteen: The Financial Plan You Need Now for the Future You're Going to Have
- Your Plan for Now
- Your Plan for Later
- Your Plan for Much Later
- Prices Will Fall
- Your Savings Will Grow
- Chapter Fourteen: Career Planning
- Chapter Fifteen: College Planning
- Chapter Sixteen: Protecting Your Privacy
- To Protect Your Identity
- If Your Identity Has Been Stolen
- Chapter Seventeen: The Investment Strategy You Need for the Future
- Step 1: Diversify Your Investments
- Step 2: Maintain a Long-Term Focus
- Step 3: Engage Strategic Rebalancing
- Building Your Portfolio
- Investing in Exponential Technologies
- Chapter Eighteen: Where You'll Live in the Future
- Naturally Occuring Retirement Communities
- Intentional Communities
- Cohousing
- Shared Housing
- Before You Cohabit
- Ecovillages
- Housing Cooperatives
- Niche Communities
- The Village Model
- Don't Just Choose the Type-Choose the Location, Too
- Chapter Nineteen: A Second Home
- Fractional Ownership
- Destination Clubs
- Chapter Twenty: Long-Term Care in the Future
- What Type of LTC Policy Should You Buy?
- Chapter Twenty-one: Estate Planning for the Family of the Future
- Digital Assets
- Epilogue: Welcome to the Greatest Time of Your Life
- The Other Side of Money by Jean Edelman
- Conclusion
- Further Reading
- Figure Sources
- Sources
- About the Author
- Index
- Copyright
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