A big THANK YOU goes to Mark Seed, one of Canada’s most influential financial bloggers of My Own Advisor, for generously providing a review of Loonie to Toonie. He is also holding a book giveaway contest, so if you’re interested in winning a free copy, please click here to enter!
Loonie to Toonie – Financial Basics for Canadians is the featured book of the Investing 101 section of Investor’s Digest of Canada! Purchase the May 27 issue to check out the full-page spread that includes excerpts of my book!
Great news! Loonie to Toonie is now available in Indigo/Chapters stores in the Greater Toronto Area, Ottawa, and Greater Vancouver!
Click here to see if it’s available at a store near you!
Thank you for your support!
Please watch my video! Here I briefly introduce the main investments and how they make you money!
Enjoy and invest well!
About four years ago, my friend Monica posted on FB a quote by Antione de Saint-Exupéry:
“A goal without a plan is just a wish.”
This quote has guided me since. I had many wishes that never came true because I did nothing about them. Some I actually followed through with because I came up with a plan: I determined what steps I needed to take, the possible costs involved, the amount of time needed, and whom to seek advice and support from. I didn’t always end up with exactly what I was initially going for, but because I always got something out of shooting for the stars, I found I enjoyed taking chances on new opportunities.
Yes, you need money to invest, but not as much as you might think in order to start. Another thing: Money isn’t the only thing you need for investing. Successfully managing your money involves the following actions:
- Setting goals
- Seeking professional advice
- Making a plan
- Regularly setting money aside for your goals
- Educating yourself
- Staying on track
This seems like a lot of steps but it doesn’t have to be a very in-depth process. The most important step is to set your goals. You need to know what you want and why you want it. Of course, everyone wants to invest to simply have more money for all the things we want in life. However, having specific goals helps you focus your intent and direct your money. Without goals, it’s very easy to go off track and neglect your efforts–you’ll remain in a state of wishing for longer than you want.
Over the years, my man and I have put together a decent home gym with a library of workout DVDs which I follow (or else for an entire hour, I’ll end up curling 1s while walking zoned out on the treadmill). I have a lot of Jillian Michaels workout DVDs because her tough-love yelling motivates me while I whimper and sweat it out. She shares my disdain for hauling ass to the gym (though my gym is just downstairs), but she works out not just for the numerous benefits of exercise, but in order to live a long healthy life. Regularly, she loosely quotes Nietzsche: “If you have a WHY, you can tolerate any HOW!!!”
I’m a reluctant exerciser. However, as of the last decade, it’s become my standard practice to workout two to four times a week. Arthritis runs in my family, so I’m motivated to exercise and eat healthily to reduce its severity in case I ever get it. Without this reason, I’d succumb to laziness and eating chips (my fave!) all day.
On a personal level, I tend to draw a lot of comparisons between exercising and investing. When I put in the time to exercise, I’m investing in my current well-being and in my future health. Today’s pain-in-the-butt efforts lead to short-term and long-term benefits. Investing is another form of exercise. You part with some of your money today to make it grow in the meantime, so you that can use it for a bigger goal in the future. When you invest, you’re making a statement with your money — you’re saying that your goals and life in the future are important to you.
Set your sights on your goals and get focussed. Want that house. Give your kids a good education so they can build great careers for themselves. Enjoy a well-deserved vacation. Have a comfortable, rocking retirement. Know what you want out of your life and realize why it’s all worth it.
After you decide on your goals, get help from experts and don’t be afraid to ask them all kinds of questions. They’re there to help you create a plan to tackle your goals. Your plan is there to support your ambitions and to guide you. Make your plan realistic so that you can actually work with it and still live a balanced life. Work your goals into your budget. Dividing your income into bills, your goals, and leisure will be a no-brainer after a while. Picking up a book with investment tips and following your favourite financial blog will be a fun and interesting pursuit, even a passion. As you check-in on your investments from time to time, watching them grow will inspire you to do even more for your long-term plans. This will all become part of your standard practice. And hopefully, you’re exercising regularly too. Health is a form of wealth after all!
Thank you to everyone who signed up for the Goodreads Book Giveaway Contest for Loonie to Toonie! I am grateful for everyone’s interest. Please sign up to follow my weekly newsletters so that you may get updates on my latest ideas on money and investing, as well as hear about any new giveaways in the future. Thank you for your interest and support!
Check out my press release for Loonie to Toonie with PR Log!