Posted by Angela | Posted in Audio Interviews | Posted on 29-09-2009
Author and Chartered Accountant David Trahair was in Vancouver recently to promote his new book: Enough Bull – How to Retire Well Without The Stock Market, Mutual Funds or Even an Investment Advisor.
For most of us, finance books are not at the top of our bedtime reading pile and the subject may even be intimidating in this time of unpredictable stock markets, ponzi schemes and depressing retirement savings statements. However, David Trahair speaks plainly on the subject and offers common sense advice on how to secure your retirement.
Top tips from Enough Bull include:
- Pay off your debt before adding to RRSPs or other investments. Why borrow money to invest when you’re paying 18% on a credit card balance?
- Work towards owning your own home outright so you can enjoy the security that comes with both the financial asset and the roof over your head.
- Once your debt is retired and you’re in a position to save for retirement invest only in 100% safe investments such as GICs.
David Trahair spoke to Peggy Richardson for The Book Broads.