Price: [price_with_discount]
(as of [price_update_date] – Details)
[ad_1]
Christine Ibbotson has been providing financial advice for decades. She’s fully aware of the reality: In today’s busy life, most people are worried about their jobs, their kids, and what to make for dinner. Planning for the future is usually last on the list. Most believe it is too difficult to understand all the ins and outs of the financial markets, how to save and plan for the future, and how to pay off their mortgage. They would rather leave it up to someone else to make the decisions on their retirement portfolios. As Ibbotson suggests, most people simply wait too long to plan—and then panic.
In How to Retire Debt-Free and Wealthy, Licensed Financial Advisor Christine Ibbotson offers accessible and realistic guidelines in a series of achievable steps, from debt elimination to wealth management, teaching readers how to create their own customizable financial plans. Illustrated with stories of real clients who have achieved their retirement dreams, Ibbotson’s book is sure to leave readers with all the tools and techniques to save and eliminate debt.
Publisher : Nimbus Publishing (Jan. 13 2020)
Language : English
Paperback : 240 pages
ISBN-10 : 1771088028
ISBN-13 : 978-1771088022
Item weight : 318 g
Dimensions : 14.61 x 1.4 x 20.32 cm
[ad_2]
Bruce M –
What the advisors don’t tell you.
This is a look into what you need, must know as you guide your financial future. Not a sales pitch, just knowlege that a good friend would tell you. Christine was on the other side of the fence now she is on our side.
Andrew Zabel –
Good Canadian Retirement Book
I am only two years away from retirement and wish I had this book 10 years ago. After reading it, I know how to deal with my bank. I never realized what they do behind the scenes. I also plan to change my investment portfolio after reading how wealthy people invest. The little guy really gets less advantages – and we don’t even know it! Would highly recommend this book.
R. J. Morrow –
Real-life examples
What Christine Ibbotson talks about is exciting enough; especially when you realize it’s never too late to begin working toward a wealthy retirement! What I like the most were the real life examples of people from all walks of life and how they altered their unsuccessful paths to create a strategy for wealthy retirement. Every Canadian should be reading this!
KarenFan –
How To Retire Debt-Free?
It was easy! I declared bankruptcy and sent all my bills/debts to the Bank of Canada and the Federal Government. Problem solved.This book was rather boring, dull, and dry. Take my advice above. It’s far easier to retire debt free when you use the old formula of UOPM: Use Other People’s Money!
Ashley –
super informative and helpful!
would definitely recommend
Jason cooper –
Great Financial Advice!
I always wondered what people did with their money to get rich. Really great ideas. Easy read.
Barbara Colvin –
There’s nothing new here.
In the field of Get Rich Self Help advice, there are many books and it’s hard to find anything new or compelling. This book has nothing new or compelling. First, the author is a financial planner and is very biased to her profession. She advises getting an advisor and a firm you trust, and to “do your homework”. It’s fine (if somewhat condescending) to say “do your homework”, but how does one do that, exactly? Isn’t reading a book like this ‘doing homework’? How do you know the advisor is both knowledgeable and working for your best interests? She doesn’t say, because in fact from a retail investor point of view, if you don’t learn a lot about finance you cannot tell if an advisor is good or not. And if you learned as much as you need to, why would you need them? Financial advisors have been pulling the wool over people’s eyes for decades. Maybe not all of them are as bad as the ones from Goldman Sachs caught calling their clients “muppets” but I have had numerous friends who got poor advice from licensed advisors – one advisor pressured a debt-ridden single mother to borrow money to invest in an RRSP. Another advisor who works for a large Canadian firm, supposedly reputable, advised some friends to borrow money from their business to buy retirement products. They are really paying for that mistake now. Here’s the problem: unless you are a wealthy client (with over, say, a million dollars to invest), a high powered successful advisor probably won’t have any time for you. You simply won’t make him or her enough money. A robo advisor might serve you better. As someone who has ‘done the homework’, I don’t see an average middle class person like myself needing anything more than a couch potato portfolio (google Canadian Couch Potato) using TD eFunds or Vanguard Index funds or some other low MER funds. Yet the idea that you could be your own financial advisor never even comes up in this book. A serious deficit in this book is that the author does not mention mutual fund fees once. What is the point of agonizing over how much you spend on Starbucks every day if you are throwing away thousands every year on the fees for an actively managed fund? Canadians need to hold their financial institutions’ feet to the fire over those fees, because we have some of the highest in the world. Her explanation of Stock market investing is garbled and confusing – I have a feeling that’s on purpose, so you think you need an advisor. Outside of that, her advice boils down to: if you aren’t saving enough for retirement, spend less and save more. Her perspective is comfortable middle class, and if you’re not one of those don’t waste your time with this book. I did like that she said becoming a landlord may be a way to make money, but is definitely not for everybody. Unlike David Bach (The Latte Factor, Smart Couples Finish Rich) who seems to think everybody should live in a house, and rent out at least one other house. If we all did that I’m not sure who the renters would be. Reading the author’s stories of people she has helped, I think she certainly helped coach people who had given up and become passive, even stupid, about their money situation – if you need that, go ahead and get an advisor, just know you will really, really pay, through the nose, for something you could have done yourself if you had just “done your homework.” And don’t think for a second that getting an advisor from some “reputable” firm will necessarily solve your problems. You still need to understand your finances. Don’t be a muppet.