Book Reviews

101 Tax Secrets For Canadians: Smart Strategies That Can Save You Thousands by Tim Cestnick

I recently borrowed 101 Tax Secrets For Canadians from our local library and have found it to be extremely eye opening in terms of the numbers of ways Canadians can strategize in order to reduce the amount of taxes they have to pay.  We can do so much more than just contribute to RRSPs to minimize taxes.  The unfortunate thing is that most of us are just not aware of many of these strategies.  So the next time you are tempted to complain about paying tax, try implementing some of these tips instead.

The book is written a lot like a textbook.  Each chapter focuses on a different aspect of tax planning including strategies for retirement, self –employment, employees, family tax planning, estate planning, and more.  The book is fairly easy to understand and it contains practical advice on building tax savings strategies.  If you are interested in learning more specifics on how to save on taxes every year, I would definitely recommend that you read this book.  Although tax laws continuously change, this book has been revised into a 2010 edition so everything is up to date.
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The Smart Cookies’ Guide To Couples And Money: Earn More, Argue Less, Achieve The Life You Want Together

I recently borrowed the book titled The Smart Cookies’ Guide to Couples and Money from the library and I found it really helpful and interesting.  The authors provide a lot of insight on the struggles couples face when it comes to discussing money.  The book is full of practical ideas on how to get your finances in order through cooperation and effective communication.
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Learn How To Invest In The Stock Market

by Pam on July 20, 2010

Why Are We So Clueless About The Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market by Marius Skonieczny

If you have been thinking about investing in the stock market in order to achieve your medium and long-term savings goals, I would highly recommend that you read Why Are We So Clueless about the Stock Market? .  It’s well organized, easy to understand, and provides charts and graphs as well as examples in order to illustrate the main points outlined.

The author discusses the importance of doing research before simply selecting stocks to invest in.  The book talks about the process of determining the value of a given stock and provides clear instructions on how to determine whether or not a company is a sound investment choice.   The book emphasizes that there is no use in spending a lot of time researching a given company unless it meets certain criteria.
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Vagabonding Is Not Just For The Rich

by Pam on July 10, 2010

Vagabonding: An Uncommon Guide to the Art of Long-Term World Travel by Rolf Potts

For those of you who are interested in doing some extensive traveling, whether it be in your own country or overseas, I would recommend that you read Vagabonding by Rolf Potts.  It’s an easy book to read and contains some really great tips about what to do and not to do while traveling.  He provides advice on what to bring with you, which is as little as possible.  He also advises on places to avoid, things to look out for, scams to be aware of, etc.  His book is chock full of resources and other suggested books to read to become a fully informed traveler.
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Financial Intimacy Book Review

by Pam on May 22, 2010

Financial Intimacy: How To Create A Healthy Relationship With Your Money And Your Mate by Jacquette M. Timmons

Financial Intimacy is quite different from any other financially focused books I have read thus far.  I discovered this new book in our local library database and I thought I would check it out.

I read it from cover to cover and found it interesting.  The author first presents stories of several women from varying backgrounds, ethnicities, and income levels, and shows how their relationship to money affected their relationship with their mates.

The author points out throughout her book that a person’s relationship with money really dictates the rest of their lives.  In fact, she suggests that it’s really not about money at all, but how you relate to money is really all about choices and lifestyle and beliefs.  It’s important to note that most women want to feel taken care of and she refers to this as the “Prince Charming Effect”.
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Personal Finance For Canadians For Dummies by Eric Tyson, MBA and Tony Martin

Personal Finance For Canadians For Dummies is a great read for anyone wanting to brush up on various aspects of personal finance ranging from reducing taxes to investing to budgeting.

I really appreciate the style of writing used in this book as it is so easy to follow and understand, and believe it or not, the book isn’t boring like so many finance books seem to be.
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Book Review Of What Works On Wall Street

by Pam on April 12, 2010

What Works On Wall Street; A Guide To The Best-Performing Investment Strategies Of All Time by James P. O’Shaughnessy

What Works on Wall Street is an in-depth book discussing how to successfully invest in the stock market whether by choosing individual stocks or by investing in mutual funds.  It is written by a professional investor and portfolio manager who has performed studies of 52 years of stock market history and has developed solid investment strategies based on his research.

It is highly informative and contains many historical charts indicating stock market performance and much more.  If you have always wanted to learn more about investing in the stock market, then this book is for you.  It will take you some time to get through it as it is almost 400 pages long, but even if you skim through it, you will be sure to benefit from it.
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