Last fall, Glenn Cooke approached me with an idea. In addition to his work as an online life insurance broker, Glenn manages the FinanceAds.ca network that includes some of Canada’s most popular money bloggers. He wanted to bring together several of those bloggers to collaborate on a book, and I agreed to help out as editor.
After many months of work, I’m happy to announce that The Beginner’s Guide to Saving and Investing for Canadians is now available. The 100-page book is divided into five chapters, each written by a contributor with expertise in a specific area of personal finance. I’m sure you’ll recognize the names and the blogs:
Krystal Yee, a columnist at Moneyville and the blogger behind Give Me Back My Five Bucks, shows you how to create a budget. This may be the most important step in a financial plan, because investing won’t help you if you’re spending more than you earn.
Jim Yih of Retire Happy Blog explains where to save your money. He covers the basics of pension plans, RRSPs, Registered Education Savings Plans, Tax-Free Savings Accounts and other account types.
Ram Balakrishnan, the legendary Canadian Capitalist, lays out the case for passive investing and explains how to implement the strategy with index funds and ETFs, even including some model portfolios to get you started.
Frugal Trader of Million Dollar Journey shows you how to become a dividend investor, either by selecting individual stocks or by using dividend-focused ETFs.
Glenn Cooke of Life Insurance Canada.com explains basic insurance principles and helps you determine what coverage is most suited to your needs.
As the title suggests, the book is not designed for advanced investors: it’s an easy-to-read guide intended to help Canadians lay the foundation for a solid financial future. It would be ideal for a young family or anyone else who is just getting started in managing their finances.
How to order the book
The best way to order the book is through Amazon (it’s currently listed on the US site only), where it’s available for $19.95. An electronic version (in PDF format) is also available for $10.
I’m pleased to give away a free copy to one lucky reader: to enter the random draw, just leave a comment below or share this post on Twitter with the hashtag #savingsbook before midnight on July 26. [The draw is now closed.]
Looks like a good read!
Thanks for the contest.
Enjoy your blog very much!!!
Please include me in the draw.
Thanks!
It looks like a good read. I think it’s goodeven for people who feel experienced to go over the basics now and then.
Count me in for the draw, sounds like an interesting read !
This looks like a must-read for any budding DIY investor. Most of the info can be gathered here and there but it’s a great idea to put it all together.
How about a review? :P
I love seeing people collaborate like this. Very nice!
Count me in for the draw. Would love to read the book!
Hmmm… Would like to read that one.
I’m in!
Sounds like an interesting collaboration. Count me in for the draw!
I’m interested as well. Thanks.
Definitely in! Great book. Look forward to reading it.
“Glenn Cooke of Life Insurance Canada.com explains basic insurance principles…”
A life insurance broker writing about life insurance…. isn’t there a conflict of interest here?
Count me in, thanks!
@Aziz: An independent broker does not have any ties to a specific insurer or product, so the conflict of interest is pretty minor. It’s no more than with a fee-only financial planner giving planning advice without mentioning products. I can assure you that if I felt there was any bad advice in the book I would not have been involved with it.
In fact, in many ways I think Glenn’s insurance chapter is the best one in the book. His description of how permanent life insurance works is the best one I’ve read.
Can’t wait for the e-book. Every book on personal finance either does budgeting only, or minimally add some fluff about “investing”. Finally, a book that doesn’t leave us hanging.
Looks like a good read.
Please include me in the draw!
looks interesting, please count me in.
I’ve completed the CFA exams and will start at a Big Four firm in the fall to become a CA. I’m passionate about empowering people to retire via passive investing so the banks don’t take all of your money. I’m excited about the opportunity to review a great potential resource to direct friends and family to for an introduction to investing for their future. Looking forward to being part of the draw and best of luck to everyone :)
You guys all provide such a great service on a regular basis with the info on your blogs, great to see you collaborating, look forward to reading it, please put me in the draw.
Looks interesting!
maybe i’ll be the lucky reader :-)
Seriously, Dan – I love your blog and your readers comments. My problem right is that I am trying to digest a lot of information and I feel overwhelmed. What to do?
Please include me in the draw.
Thanks!
Sounds like an interesting book to read.
I am interested in entering my name into the draw.
thanks for the draw!
Count me in the draw!
Thank you
I’m in!
Love to win the book.
Count me in.
Thanks.
I definitely want this book. Any idea when it will be available on Canadian Amazon?
Looks Good
@Michelle: We’re having some delays with the Canadian Amazon link and the e-book versions. All I can say is we’re doing our best to make the book easier to order.
I am in for the draw.
This book is a good introduction to personal finance for my son who goes to college after summer.
Looks like a good read. Glad to hear it will be coming out in an ebook format. Keep us posted.
Would love to win this book to give as a gift for a financially-challenged niece.
Put me in for the draw – looks like a great read. Thanks!
Looks like a book written for me.
Please include me in for the draw. I have two boys that would appreciate reading it.
Thank you
Please include me for the draw – thanks!
Please enter me into the draw. Thanks!
Looking forward to reading this. I’m holding off on getting my amazon.ca wishlist delivered until this new title is added. (The other titles consist of other CCP mentions.)
please include me in the draw, thanks
Looking forward to reading it!
Looks good. Count me in for the draw.
I would also like a copy of this; I bought your Moneysense Guide to the Perfect Portfolio and feel this would be a great addition as a 30-something! Cheers!