Cash Cows, Pigs and Jackpots

Cash Cows, Pigs and Jackpots

The Simplest Personal Finance Strategy Ever

Book - 2012
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A contrarian and controversial look at personal finance, and a super simple strategy for making--and keeping--more money

Traditional financial wisdom persuades us to grow our net worth and build our assets. But traditional financial wisdom is often wrong. In Cash Cows, Pigs and Jackpots: The Simplest Personal Finance Strategy You'll Ever See , author and Chartered Accountant David Trahair challenges everything we think we know about managing our money, suggesting that that we follow the lead of the financial institutions that are leading us down the path to financial ruin.

The banks, brokers, and investment companies of the world make enormous sums of money because they know that cash is king and they know how to guarantee cash flow from their clients on a continual basis. They aren't making the bulk of their money from investing in the stock market--they're leeching it from regular people like you, every minute of every day. Cash Cows, Pigs and Jackpots turns the tables, showing that the biggest cash cow we have is ourselves. Instead of chasing a dream that will never come true, it presents a financial plan so simple even a 10-year-old could understand it.

Explains why the common consensus about making money is inherently flawed Presents an incredibly simple, easy-to-follow plan for really making and saving money Exposes the dangers of trusting money to a bank or broker

Helping you break asset addiction, get out of debt, and increase your personal cash flow--and your wealth with it, Cash Cows, Pigs and Jackpots explains how bringing more cash into your life and watching carefully where it goes will allow you to save more, live the life you want, and avoid as much risk as possible--a great strategy going into the stormy financial years to come

Publisher: Mississauga, Ont. : Wiley, c2012.
ISBN: 9781118083512
Branch Call Number: 332. 024 TRA
Characteristics: xiii, 177 p. : ill.

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HandyFellow
Dec 21, 2016

A meandering, generic, opinionated book authored by David Trahair, CA. After reading another of his 'opus' called No More Bull, which suggests people avoid investing in the stock market, and instead 'invest' exclusively in GICs, I thought I'd give him one more chance as an author.

When a diversified, balanced, liquid portfolio of low cost ETFs has provided a 35 year average of a 6% return, it's pretty hard to find credibility with an author who suggests a laddered GIC approach that over the same period has provided a paltry 2.5 % (fully taxable outside of a RRSP or TFSA). Following his 'advice' would have Grandma living on a strict diet of Kibbles and Bits.

Clearly, the author is more interested in selling badly written books than he is about doing actual research, becoming a better writer, or providing information that would prove insightful as opposed to generic.

There are many, many more books that are better reads and more useful. Check out my lists for books that present relevant information.

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camster06
Dec 25, 2012

This book does not really tell you much and it actually skews some vital information. The author documents why renting is better than buying, which for some people in some cases is quite valid. However his projections only cover off a 25 year span of buying vs. renting. He fails to document what would happen in year 26 or year 26 - 30 for that matter. One surly has to understand that if you pay off your mortgage in year 25 and reside in the same residence for another five years the "renter" would be at a financial disadvantage over the buyer. The information on CPP and OAS is accurate (at this time) but can easily be found on Service Canada's web site, in fact that is his source. There are many other books on this topic and a read of some of those may be more beneficial to readers.

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