Last Fall, Glenn Cooke of LifeInsuranceCanada.com approached a few bloggers to contribute a chapter each to a book that will help Canadians learn to successfully save and invest on their own. Five of us signed on to the project. Krystal Yee, who writes the Give Me Back My Five Bucks blog, contributed the first chapter on creating a budget and living within one’s means. Jim Yih of the Retire Happy Blog, explained the basics of various savings vehicles such as RRSPs, TFSAs and RESPs that are available to Canadians and how each can vehicle can help in achieving different financial goals. As you might expect, your’s truly provided a crash course on how passive investing with Exchange-Traded Funds or mutual funds can help with investing one’s savings wisely. Million Dollar Journey provided a primer on using dividend stocks for those investors who want to be a little more hands-on with their portfolio. Last, but not least, Glenn Cooke provided some valuable background on an area that many neglect: life and disability insurance.
Since it takes a special talent to gather contributions from five different people and make it all work together, Glenn roped in Mr. Couch Potato, Dan Bortolotti, as the editor. The result is a neat little book titled The Beginner’s Guide to Saving & Investing for Canadians. The book is currently available in electronic or dead tree format through the book’s website. It will soon be made available through Amazon.ca.
Giveaway
I’m giving away five copies of The Beginner’s Guide to Saving & Investing. To enter, just leave a comment in this post (please do not send an entry via email) and please remember to include your email address. If you are reading this through your favourite RSS Reader, you have to click through to the website and scroll to the bottom of the page and type in your comment. Some quick rules: (1) Deadline for entries is 8 p.m. EDT on Friday, August 17, 2012. (2) One entry per person. (3) Canadian residents only. (4) I treat your privacy very seriously. Your email will be used for the sole purpose of contacting you if you happen to win. (5) I’ll pick five entries at random and announce the winners after the deadline.
