on April 28, 2014
This is an outstanding introduction to the complex and intimidating world of financial management. I find this book answers all the major questions I had about how to set myself up for financial success, with clear explanations. I learned about TFSAs, RRSPs, mutual funds, exchange-traded-funds, choosing banking products, mortgages, homeownership, car ownership costs, budgeting, debt, and other essential topics. This book is extremely readable but doesn't hum and haw. I can't stand some financial "advice" that basically boils down to equivocation and never giving a straight answer. Rob Carrick manages to tailor his advice to a wide range of possible scenarios while still giving straight answers on making good decisions. Recommended 5/5.
on July 4, 2014
I bought this book as a parent to give to my son for when he graduated. After giving it a quick read, I realized the information in the book is useful for anyone trying to figure out how to manage their debts, regardless of their age or occupation. There are numerous tips I will be using when I renegotiate my mortgage, taking on and paying off debt, and so on. And I am certain my son will find the information helpful as he makes financial decisions from here on out.
on May 21, 2012
I have to admit. I opened this book with much anticpation. I was very disappointed with the advice Mr. Carrick provided to his readers. As a recent graduate from school I thought I could gain some insights into what I could do better with my finances, and did not.
I heartily disagree with the suggestion to not get credit cards during university, and the seeming theme that parents should pay for a large part of their childrens university education. Taking advantage of your parents may be acceptable for the upper income brackets but not for the average family. How not to move back in with yoru parents - make them pay for your education so you can graduate debt free!!! Genious... pure genious. :(
Do not buy the book. Don't spend more than you have, get a job during university and minimize your student debts - and do not drink your face off every weekend.