Financial Intelligence

Financial Intelligence’s very long subtitle says it all. It’s “a very practical guide to controlling your spending, increasing your saving and managing your own low-cost investments to create personal wealth.”

Financial Intelligence: A very practical guide to controlling your spending, increasing your saving and managing your own low cost investments to create personal wealthIn this short, readable personal-finance guide, author David Reid explains how to take control of your money — not just spending and saving but also managing investments. (This editor’s favourite advice is how to increase investment returns substantially by replacing commissioned financial managers with self-directed index funds that usually outperform the net returns paid by “the professionals.”)


Even if you decide not to escape the high cost of financial management fees by losing your commissioned investment adviser, read “Financial Intelligence” for its insightful advice on saving and spending — and a clear explanation of various investment tools.

Financial Intelligence’s David Reid is a Canadian but the advice he gives is applicable to investors on both sides of the border. (References to specific mutual funds and index funds are, however, usually Canadian.)

Chapter 1: Spend less than you earn.

Chapter 2: Avoid debt, especially consumer debt.

Chapter 3-6: Explore the obstacles that face all investors.

Chapter 7-12: Understand how to manage/build/balance your own portfolio (with detailed advice on low-cost exchange-traded funds and index funds that perform as well as most “expert“ investments).

Chapter 13: Clarify your retirement goals.

Chapter 14: Understand your investment risks regardless of who manages your money — and why some things don’t go according to plan.

A few hours with this thoughtful and entertaining ebook will put your financial future into a new perspective whether you follow all of its advice or not.

Financial Intelligence will help make sense of your financial future — starting today.

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