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Smoke and Mirrors: Financial Myths That Will Ruin Your Retirement Dreams, 7th Edition

Smoke and Mirrors, 7th Edition    
Format Softcover + CD-ROM
Catalogue No. 978-1-55180-895-6
Pages 180
Language English only
Price $21.95
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Written by David Trahair, CA.
Published by Self-Counsel Press, 2010.

This is an annual publication. The 7th edition was released January 2010.


This expanded and updated edition of the Canadian best-seller includes new and updated worksheets and new information to help you plan your finances, and is completely updated to reflect the current economic climate.
  • Retire comfortably – it costs less than you think!
  • Stop making RRSP payments – pay down your debt first
Many financial advisors perpetuate the myth that you will need $1 million to retire, because the more money you hand over to them, the more money they make through commissions and other fees. The advice they offer often benefits them more than you.

Smoke and Mirrors will give you the ammunition you need to fight back against the scare tactics used by banks and financial planners. David Trahair dispels each myth, chapter by chapter, and shows in an easy-to-understand manner how you can take control over your own finances.

Written in plain English for the everyday investor, Smoke and Mirrors is loaded with common sense. Read it and turn your retirement dreams into reality. Many bankers, brokers, credit card companies, financial planners, and insurance agents are going to hate this book, but for the typical Canadian, the message is invaluable.

Advice covered in Smoke and Mirrors:
  • pay down your debt before making RRSP payments
  • understand that taxes aren't your enemy
  • learn about mortgage secrets that will save you money
  • life insurance
  • cars – leasing vs. buying, and how to save money
  • fight back and take control of your money
The CD-ROM included with this book provides Excel spreadsheets that will help you to calculate your personal rate of return on your RRSP and track your finances using the instructions in the book. It also includes a chapter on how to choose whether to lease or buy a car.

System Requirements:
  • MS Excel or compatible software
  • CD-ROM drive
  • Web browser: IE Version 7 or similar
  • Microsoft Windows 95, 98, ME, 2000, XP, Vista, NT4, or 7
Praise for Smoke and Mirrors:
"It's rare to find such sensible advice coming from someone who makes a living in Canada's financial services industry. David Trahair says what most advisors are afraid to tell you." – Ellen Roseman, Business Columnist, The Toronto Star
"Chartered accountant David Trahair throws cold water on the conventional wisdom espoused by the investment industry including the notion that investors should contribute early and often to a registered retirement savings plan, even if they have to borrow the funds." – John Heinzel, The Globe and Mail
About the author: David Trahair is a chartered accountant with more than 20 years' experience in accounting, finance, and tax. He has made many television appearances, including on Citytv's Breakfast Television, Report on Business (ROB) TV, and CBC's Newsworld, and has been a speaker on numerous radio programs. He has also been a feature writer on the web at Moneysense.ca and Microsoft.com.

All purchases of software are final. More information can be found in our Return Policy.

Also available:
The No Smoke and Mirrors Workbook

Price and availability subject to change. Shipping and applicable taxes extra.
Questions about this product? Please e-mail us.
This page last modified: February 4, 2010

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