Further to the weekend’s post here and as promised, my first MoneySense blog on Financial Independence has just been published. Click here to view and note that three copies of Findependence Day are up for grabs — but only two days remain to take advantage of it. After that, you’ll need to procure a copy via this web site.
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Apologies for a hiatus blogging here but the new position as editor of MoneySense magazine has not permitted a lot of blogging. Since joining five weeks ago, we have put out the June issue of the magazine, now available on newsstands and the iPad.
I’m happy to report that I will soon be blogging at MoneySense.ca, though it’s unlikely the frequency will be anything like the old Wealthy Boomer blog housed at the Financial Post.
The new blog will likely be titled simply Financial Independence, which is of course the ongoing theme of this site here at FindependenceDay.com. One of the things I’ll be doing on the blog is reviewing any books that touch on this theme: publishers and book publicists take note! My email at the magazine is firstname.lastname@example.org.
By the way, the first piece I’ve written for the print edition of the magazine (June issue on news stands now) is the Editor’s Note at the front. There I note what this site often sets out: the difference between “Retirement” and “Financial Independence.” It also introduces a new writer to the magazine: Preet Banerjee and announces acting editor Dan Bortolotti is now our Editor at Large. Dan’s cover story on “Renovate your portfolio” presents three low-cost ETF portfolios of the “Couch Potato” genre he and the magazine are famous for.
Change a life for 20 bucks
MoneySense publishes seven issues a year and costs about $20 a year to subscribe, or less if you’re a Rogers customer. I’d say that’s pretty good value. Click here for details on how to subscribe or better yet, provide a gift subscription to a loved one. (Change someone’s life for 20 bucks!)
In addition to the new blog, I continue to “tweet” (@JonChevreau) and Moneysense.ca will also start scrolling my Twitter feed and other feeds associated with the magazine.
Lots of other stuff to come!
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One of them was highlighted today as the last installment of The Wealthy Boomer blog, here.
The other is here. It’s not yet clear what the fate of the blog will be. It won’t continue as presently constituted as a micro site at the FinancialPost.com [at least not written by me] but it may be reincarnated at some point on another platform.
Some readers have asked whether the column in the paper will continue. Not with any frequency: it was a full-time job producing those columns and blogs and I’ve now taken on a new full-time job, effective April 9th: as the editor of MoneySense magazine.
It’s possible that I’ll do an occasional (perhaps monthly) column for the Post once I make the transition but for now we’ll just have to see.
Oh … about the photo in the farewell blog. It was taken earlier this month at the National Post. If it seems a bit “leaner and meaner” than previous head-shots, that’s because last Halloween my wife and I embarked on a two-pronged regime of The 17-Day Diet and regular exercise. The result is The Wealthy Boomer is also the Lighter Boomer, by about 25 pounds.
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Thursday’s Financial Post and subsequently on my Wealthy Boomer blog, a controversy arose over articles I’ve written about the financial industry’s true commitment to financial literacy, or what some call FinLit.
In the course of revisiting this topic, I linked back to a little “fable” I wrote about a year ago after the Investment Funds Institute of Canada (IFIC) announced what it was doing to “promote” financial literacy.
I was skeptical then, just as I’m currently skeptical about Investors Group’s wrapping itself in the FinLit flag even while its fees remain near the highest in the country that studies have shown have pretty much the highest MERs (Management Expense Ratios) in the world.
For those who missed it first time, here is the fable about FinLit Frank and his efforts to instill financial literacy in his daughter, MERry. Who knows, maybe Frank is an Investors Group executive?
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While this site was only launched in early September, this week we’ve made several changes, hopefully all for the better.
At the bottom right corner you can now see rolling feeds from my Twitter and Facebook accounts. This is in addition to the latest columns I write at the Financial Post and current entries at the Wealthy Boomer blog, which is housed at FinancialPost.com.
While we’ve not yet added feeds from the other two social media I participate in, you can also find me at Linked In and Google Plus (which I described here).
Cosmetically, we’ve added a bigger more visible button for those who want to order the book via PayPal. We’ve added some links under the Reviews & Media tab, including a fabulous new endorsement from none other than the Wealthy Barber himself: David Chilton.
We’ve also revised and expanded the entry describing the book: never easy in this hybrid category of financial primer/ fictional novel. (yes, the “financial novel” genre pioneered by the same David Chilton but see this entry for how Findependence Day has pushed the envelope on this genre.)
For those who have enjoyed the book but have trouble summarizing it to friends you think may be interested, my shorthand description is “a financial love story.” That’s how it’s described in one set of targeted Facebook ads that are currently running.
Findependence Day and Financial Literacy
With Financial Literacy Month coming up and then Christmas, I’d hope those who have enjoyed the book will spread the word. Tell friends, neighbours and even local libraries about this unique book that helps raise the financial literacy of young people who are just entering the workforce and starting to form their own families.
Cartons of 36 are available at greatly reduced prices and you’d be surprised at who are buying entire cases: NOT the giants of the financial industry but everyday working people and parents. One dentist bought a case for his patients in British Columbia. Real estate agents are buying them, credit counselling groups, even business people from church.
Of course, the full-carton deal is also popular with individual fee-only and fee-based financial advisors: those I naturally consider the “good guys.” (and gals: the first to buy a case was a top-knotch Oakville advisor I first “met” on Twitter!) With Christmas coming, I’d remind financial professionals that if purchased in quantity, the book makes a less-costly client gift than a box of chocolates but will be timelier and longer-lasting.
U.S. e-book edition coming
One exciting development is that Findependence Day will soon be available as an e-book or tablet edition in a brand new U.S. edition. For now, the existing North American edition will be available only in the “dead-tree” edition sold on this site. As those who have read it know, the original edition provides both U.S. and Canadian financial content and is set in both countries. The new e-book is set only in the U.S. and provides a lot more information about IRAs, Roth plans, Social Security and other topics.
In response to reader feedback, the new edition will also feature a glossary and an end-of-chapter summary of what Jamie and Sheena learned. I have mixed feelings about this. I didn’t go that route initially because I didn’t want to break the “fictive dream.” On the other hand, since this book IS primarily a tool for raising financial literacy, once you’ve read it it’s useful to have a chapter summary at the end in straight prose.
There will be a few other surprises, so stay tuned. Remember, while I may only update this particular blog twice a week or so, the site as a whole is constantly changing because of the continual new content from my day job and social media activity.
As they say on 680 News radio, “the news is constantly changing, so check back three, four, five times a day.” Just kidding but hopefully there’s enough here to merit a bookmark and a look once or twice a week.
See you next time!
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