Personal Finance for Canadians is a down-to-earth guide offering straightforward financial advice. It never pushes products or investment schemes. Rather than promise a get-rich-quick plan, the authors caution that "too much emphasis on making and saving money can warp your perspective on what's important in life….Your health, relationship with family and friends, career satisfaction, and fulfilling interests should be more important." No surprise, then, that the authors are not shy about exposing purported experts as charlatans; they don't spare financial advisers and planners either. Much of what you hear about financial planning, they maintain, is biased--because it comes from sources that want to sell you things: "Their best interests often conflict with your best interest." Avoiding the pitfalls of personal finance is certainly important, but its prescriptions for taking financial action are what make this guide especially useful. Part I helps readers assess their financial standing. Subsequent sections offer sage advice on saving, the basics of investing, and the ins and outs of insurance. There is an especially useful chapter on real estate, since for many people their homes are their biggest financial commitment and their largest asset. Throughout, helpful icons point out tips, common mistakes, and "scams and scoundrels that prey on the unsuspecting." The "Dummies" label might put off some people, but there is nothing stupid about the ideas. The information is presented in a format that never talks down to the reader, although it is perhaps most appropriate for those who are just starting to think about the future. --Edward Trapunski
From the Back Cover
Make the most of your hard-earned cash. From erasing consumer debt to investing in the stock market-- your financial questions answered. Getting control of your finances doesn't have to be complicated. Really! This book is loaded with practical, easy-to-follow advice to help you make smart, profitable financial decisions. Whatever your income level, whatever your financial goals, the updated 3rd edition of this national bestseller is the Canadian sourcebook for sound financial planning. Discover how to: Save more of what you earn Reduce your spending Get out-- and stay out-- of consumer debt Make the right investments Select the best financial advisers Buy the right insurance coverage
