Getting Your Financial House in Order – Part Two

Yesterday, Part One of this book review on Ric Edelman’s book, The Truth about Money, was discussed but if you missed it, click here for yesterday’s Part One.

Personal finance is a meaty topic that could never be comprehensively covered in a pocket book, but this book’s user tools eliminate the daunting nature of the prospects of wading through such a tome, from its very first pages.

Edelman starts at the very beginning, with Part I, an “Introduction to Financial Planning,” which briefs readers on all the reasons they need to take financial planning very seriously, then covers obstacles to building wealth, explains taxes and inflation, sings the praises of compound interest, and explains the powerful reasons to stop procrastinating when it comes to saving and investing — quick like!

Parts II through VI offer even the totally uninitiated a basic, yet complete, education on traded assets, from the capital markets, to fixed-income investments (e.g., bonds and CDs) to equities (think: stocks) and packaged products (like mutual funds) — then helps readers understand and select the right investment strategy for them.

Next, Edelman zooms out a bit to provide a fire hose-force shower of individual financial strategies for a wide variety of financial challenges a reader might face across her lifespan, from job loss to funeral costs.

Part VIII is a deep dive into housing offering Edelman’s take on sound strategies for “Buying, Selling and Owning Homes.” Edelman’s BLT (Big Long-Term) mortgage strategy might be controversial to those who espouse achieving financial security by paying their homes off, but he does articulate a good argument for alternatively investing the cash to achieve higher returns than the interest saved by an early mortgage payoff. He also pushes readers into taking a long-term view of their mortgages and housing obligations, which is never a bad thing.

The other sections — “Tax Strategies,” “Retirement and Estate Planning,” “Insurance” and “Selecting a Financial Advisor” also all get appropriate shrift, so to speak.

To make a long story short (pun completely intended), this book is like a layperson’s version of the Physician’s Desk Reference for money matters. Yes, there’s a lot of Edelman’s professional opinions and strategies inside, but most of it is unobjectionable, and the bit of controversial material in there is in no way sleazy or even sales-y.

The vast majority of the book is simple education and Edelman’s blunt and occasionally entertaining admonitions to make the basic money moves that create financial security wealth, like planning, saving, investing and strategizing. Financial novices and money mavens alike will value this guide.

For further information or any questions on Naples real estate please contact Ruth Bethem at Ruth@RuthBethem.com or direct at 239-777-7007 or toll free 877-777-7545.


New Listing in Pelican Bay, Naples, Florida

Pelican Bay home for sale
Pelican Bay home for sale
Pelican Bay home for sale
Earlier this week, I blogged on the great amenities in Pelican Bay as well as a recent sale we had in there.  Today, I’m going to show you a home that is new to the market and is worth a few minutes of your time to review.  Located in the Oakmont section in the northeast quadrant of the community lies Turkey Oak Lane bordered by the Oakmont lake with a surfaced walking path for the enthusiastic walker.   The 3,087 square foot home is nestled on a third of an acre park-like lot at the end of the cul-de-sac with direct western views to enjoy our always colorful sunsets.  With a lot frontage of 138′ and a depth of 123′ there may be an opportunity for an addition, if needed.  An owner’s suite with a grand master bath plus two guest suites and a den was built in 1990.  With newer appointments throughout, you’ll never feel like it’s work in this newly updated kitchen inclusive of an expansive prep work area to include an island, and the backsplashes of tumbled marble give a lovely offset to the granite countertops.   For outdoor dining, you have ample entertaining area that is under cover just in case of inclement weather but also a great deck surrounding your pool and spa for soaking up the Vitamin D and working on your tan.  The skylights in this home add to the great light that pours in splashing the ever popular open floor plan with light throughout the day.  On those rare occasions when the temperature drops and a chill is in the air, you can snuggle up on the couch with a roaring fireplace (and your sweetheart) to warm you.  Beautiful wood floors throughout most of the living area, with tile in the bathrooms and well cared for carpet in the bedrooms, all meld very well together and finish the home with a warm ambience.   A monitored security alarm system is in place.  Market offering at $1,545,000.  For further information or any questions on Naples real estate please contact Ruth Bethem at Ruth@RuthBethem.com or direct at 239-777-7007 or toll free 877-777-7545.

Perfection in Paradise: Gulf front Beach Estate in Naples, Florida for Sale

639 Gulf Shore Blvd, Naples, Florida
Ever wonder what a perfect day would be for you, if you could have your druthers without limitations?  Well, maybe this “done to perfection” beachfront estate home in Olde Naples could be it.  Year round balmy breezes, gulf vistas at every turn within this magnificent estate and a home that’s perfectly positioned within Naples to provide you with arts, culture, fine dining and boutique shopping within minutes add to the desire to experience your “perfect day.”  Nestled in privacy with no beach parking to the north or south, you can feel like you’re vacationing on an island while having every luxury at your fingertips.   Distinctively designed by London Bay Homes, America’s Best Builder in 2008, as named by Builder Magazine, you’ll delight in the chic and elegant mixture of interior space while enjoying the relaxed island atmosphere of the exterior park-like surroundings.  Deliberate and precise planning allows for expansive views of your nearly half acre estate with significant transom windows inviting the outdoors in throughout the home.  With splashes of contemporary design from the glassed knee walled open balconies, specifically designed not to inhibit your forever views, to the arch-type spiraling exterior staircase that leads to the exotic pool area complete with a sunbathing shelf and alfresco dining space, partnered with a Mediterranean-styled barrel-tiled roof that fits perfectly into the neighborhood one just can’t expect anything more out of this home.  The use of spirals, straight lines and hexagon shapes as finishes in the guest living room with a gazebo-inspired ceiling, add an interesting detail to this already opulent home.   Fine finishes, stellar design, chic but casual living, open spaces and an award-winning design encompass you in this 7,000 square foot home with five bedrooms, a den, seven full baths with two half baths in a gated and secured area.  The only downside may be that your guest simply won’t want to leave.  So, if you’re “jonesin” for luxury, privacy, sand, surf and paradise, you need to look no further.  Competitively offered at $13,900,000.  For your private showing, and further information on this or any property in Naples, please contact Ruth Bethem at Ruth@RuthBethem.com or direct at 239-777-7007 or toll free 877-777-7545.