The Beginner’s Guide to Saving & Investing for Canadians – Book Announcement and Giveaway

Going through school, the last thing I would consider myself was a writer. However, starting this blog in 2006 changed things where I discovered that I enjoyed sharing my thoughts, and surprisingly, for an audience.

As time went on, I’ve played around with the idea of writing a book related to personal finance, but the timing was never right.  As I’ve written about taking baby steps towards financial goals, I’ve taken a baby step towards writing a book by contributing to one!


The book “The Beginner’s Guide to Saving & Investing for Canadians” has just been released and is authored by a team of personal finance bloggers.  The authors include:

So what is the book about?  It’s all about the basics of personal finance and it’s written in an easy to understand manner (about 100 pages in total).  What section did I write?  I covered one of my favorite topics, that is, dividend investing for beginners.

The outline of the book is as follows:

  1. Making a Budget – net worth, goals, debt repayment, saving money, emergency funds.
  2. Where to Save Your Money – why save money, saving for retirement, rrsp vs. mortgage, rrsp vs tfsa, resps.
  3. Investing Wisely – risk and return, investment plan, cash, stocks, currency hedging, reblaancing, sample portfolios.
  4. Dividend Investing – basic concepts, tax advantages, ETFs, dividend growth, living off dividends.
  5. Buying the Right Insurance – how much do you need, types of life insurance, disablity and critical illness.

This book is written by 5 individuals who live, eat and breath personal finance. I must say that Dan Bortolotti did a great job editing and bringing the pieces together.  I’m very pleased with the final product and recommend it to all people starting out on their personal finance journeys.

Want a Free Copy?

We are offering readers the chance to win 5 free copies of the book.  Here is your chance to get multiple entries.

  1. Tell me your best personal finance tip for beginners by leaving a comment in this post. (+1 entry)
  2. Sign up for the free Money Tips Newsletter (+1 entry).
  3. Like MDJ on Facebook (+1 entry).
  4. Tweet about this post, make sure to include @FrugalTrader (+1 entry).

The Details:

  • Only one comment entry per person (valid email addresses only please – privacy policy).
  • Only one tweet per twitter account.
  • Only those with a North American mailing address may enter (publisher rules, sorry).
  • Contest will end Fri 5pm EST August 10, 2012 and the winners, drawn randomly from all entries, contacted shortly after!

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FT is the founder and editor of Million Dollar Journey (est. 2006). Through various financial strategies outlined on this site, he grew his net worth from $200,000 in 2006 to $1,000,000 by 2014. You can read more about him here.
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8 years ago

The most important investment that anyone can make is not, which stock, dividend, reit, bond or any other type of investment vehicle out there but it is to invest in yourself first. A mere 10% from each pay cheque will direct you on your way to financial freedom. As you’re saving this mere 10 cents from every dollar you are bringing home, you can read up on how to invest that money on websites such as this one

8 years ago

FT, Love your blog! Informative, well organized, and best of all, Canadian.

My advice:
Educate yourself. Increase your Financial Intelligence. Nobody gives a damn about your money as much as you do.

8 years ago

Love it – more dividend investing (for Canada) articles please :)

8 years ago

Hey, I just arrived in Canada and I’m glad I’ve found this blog. Back in my country, Brazil, I’m used to do several types of investments, but here I’m just getting familiar with the investment process which is way different from Brazil. Yet, I’m eager to start investing in the canadian market.
Before that, I take a good read at the beginner’s guide.

8 years ago

I’ve just begun learning about investing and came across your site. Your blog and the user comments have been very informative, thank you.

As a beginner, I have maxed out my TFSA, but It looks like I have a lot more to learn before i get into other investments.

I look forward to reading your book

8 years ago

Don’t give into the desire advertising creates to buy the latest gadget. Life is already full of wonder and living in a wholesome manner is certainly financially friendly too.

8 years ago

Educate yourself by reading blogs like Million Dollar Journey.

8 years ago

Be willing to learn as much as you can when it comes to personal finance as well as being able to apply what is learned even if that means altering your current lifestyle (ex. saving money by brown-bagging it at work)

8 years ago

basic savings tip…. spend less than you make

8 years ago

Savings must be done automatically, save at least 10% of your income and do not invest in assets you do not understand.