Personal Finance for Canadians for Dummies Paperback – Mar 5 2003
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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
"One of the most comprehensive and readable guides available on the subject."
— Calgary Herald
"Packed with useful information, all presented in bite-sized segments in a clear, uncluttered format."
— Toronto Star
"Reaches out to everyday readers with straightforward tips and an easy-to-read format."
— Ottawa Citizen
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Top Customer Reviews
My only comment is about wishing a newer version of the book. For instance, Tax Free Savings Account are only slightly covered in the book. While most principles are likely to remain unchanged, a new edition could also include more links to relevant websites. However, at least at this point, I still maintain a 5 star rating for this excellent book.
The only down side is that a book like this can get out of date with changes in tax laws. I'm looking forward to purchasing a new copy that covers new tax deductions and the new tax free bank account the government of Canada has proposed.
Most recent customer reviews
very useful book if you really want to control you personal finance very well, do all steps it recommendedPublished 1 month ago by Weibo Xiong
Dummies books are always great and fully informative. Excellent buy :-)Published 17 months ago by Eno
Really good book for people who is really lost in the finantial matters. Sometimes the basics are very detailed (and for some people that can be annoying because a lot of it could... Read morePublished on Oct. 4 2011 by Daniela F.