The Beginner’s Guide to Saving and Investing for Canadians
What happens when some of Canada’s best bloggers on personal finance, investing and insurance get together? You get a book – a great one – especially for beginners seeking to take charge of their financial present and future.
Thanks to insurance specialist Glenn Cooke, I’m happy to giveaway a copy of the The Beginner’s Guide to Saving and Investing for Canadians. This 100-page gem of a book is divided into five chapters, each written by a contributor with expertise in a specific area. If you follow my blog I’m sure you’ll recognize the names of these experts – all of them are listed in my sidebar for a very good reason.
Krystal Yee is a columnist at Moneyville and the blogger behind Give Me Back My Five Bucks. Krystal shows you how to create and manage a budget. In the book, Krystal wrote “Budgeting is a lot like dieting—it feels like deprivation when not done properly, and most people stop doing it as soon as it starts to feel uncomfortable. However, it is the very first thing you need to do in order to get out of debt and start saving. The problem is, most people can’t be bothered to track their spending, so they end up quitting the budgeting process before they even see the benefits.”
Jim Yih blogs at Retire Happy Blog. Jim Yih is a professional financial speaker, author, syndicated columnist and financial expert who is passionate about financial education and helping people make better decisions with money. In The Beginner’s Guide to Saving and Investing for Canadians Jim explains where to save your hard-earned money, giving you some options to consider while simplifying the alphabet soup associated with investment accounts like RRSPs, RESPs, TFSAs and more.
Ram Balakrishnan is the legendary blogger behind Canadian Capitalist. Now that you have a budget and have some knowledge of different accounts, Ram provides the details on index investing, making a strong case for this no-fuss approach to help you reach your retirement dreams. Among many other great tips, Ram wrote “The most important part of an investment plan is figuring out a sensible asset allocation policy. Asset allocation is simply a fancy term for the proportions in which cash, bonds and stocks will be mixed together in your portfolio.” Read this book and Ram will get you started in the right investing direction.
Frugal Trader is the blogger behind Million Dollar Journey, one of Canada’s premier sites on personal finance and investing. In the book, Frugal Trader shows you the world of dividend investing, using individual stocks or dividend ETFs. Frugal Trader wrote “In Chapter 3 you learned about one of the smartest ways to invest your money—that is, to index your portfolio. The strategy is best for those investors who would rather remain passive and earn market returns while beating most actively managed mutual funds. But what about the investor who is interested in being a little more active with a portion of their portfolio, or who is looking to increase their income in a tax-efficient manner? That’s where dividend investing can come into play.”
Glenn Cooke is the President of LifeInsuranceCanada.com and a licensed life insurance broker operating in Ontario, Nova Scotia, Prince Edward Island, Newfoundland, Saskatchewan, Manitoba, Alberta, and British Columbia. Residing in the rural town of New Hamburg, Ontario, Glenn specializes in making life insurance easy to understand for Canadians and easy to own by backing it up with low cost premiums. Sharing his expertise and experience in The Beginner’s Guide to Saving and Investing for Canadians Glenn demystifies insurance principles and helps you determine what coverage is right for you. Glenn wrote “Most Canadians have a pretty good handle on their house and car insurance. But when it comes to life and disability insurance, trying to figure out what’s right is as difficult as selecting a new cell phone plan. To fix that, we’re going to strip away all the marketing hype and get down to basic insurance principles. In doing so, we’ll be able to properly determine how much insurance we need, as well as what type.”
So there you have it. An easy-to-read saving, investing and insurance guide intended for Canadians written by Canadians. Thanks to all the individuals above for creating such a great tool so many of us can benefit from.
Want a free copy? 🙂
Just leave a comment below to be included in the random draw and tell me what you have been struggling with in regards to saving or investing. There is no need to Tweet this promotion like previous free book giveaways on My Own Advisor or subscribe to my blog. Then again, go ahead and Tweet about this giveaway AND subscribe to my blog!
Your chance to be included in the draw ends Sunday, August 19th at midnight.