The Truth about Your Future: The Money Guide You Need Now, Later, and Much Later

Description

NEW YORK TIMES BESTSELLER New York Times bestselling author and legendary investment guru Ric Edelman reveals his forward-thinking guide on how technology and science will reshape the way we save, invest, and plan for the future. Technology and science are evolving at a blistering, almost incomprehensible pace. The Human Genome Project took eleven years and $2.7 billion dollars to complete. Today, it would take two days to finish, and cost less than getting a pizza delivered. It's estimated that forty percent of the current Fortune 500 companies will no longer exist by 2025. In 2005, half a billion devices were connected to the Internet. By 2030, that number will reach one trillion. The traditional paradigms of how we live, learn, and invest are shifting under our feet. Ric Edelman has seen the future, and he explains how smart investors can adapt and thrive in today's changing marketplace. Using the same prophetic insight that has made him an iconic financial advisor, Edelman offers sound, practical investment advice through the lens of recent scientific and technological advancements. He illustrates how discoveries in robotics, nanotechnology, 3D printing, solar energy, biotechnology, and medicine will redefine our life expectancies, careers, and retirements. As we live and work longer, Edelman provides clear advice on how to recalibrate the way we save for college, invest during our careers, and plan for retirement. The Truth About Your Future, featuring Edelman's proven advice and trademark humor, is a timely, must-have guide for anyone serious about successfully adapting to the ever-evolving financial landscape. 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