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Cash Cows, Pigs and Jackpots: The Simplest Personal Finance Strategy Ever

Book Description

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

Table of Contents

  1. Cover
  2. Title Page
  3. Copyright
  4. Dedication
  5. Acknowledgements
  6. Introduction
    1. Cash Is Not King
    2. Cash Flow Is King
    3. Who Gets Rich off You
    4. It's Not Just Them, It's Us
    5. Want to Get Rich Quick?
    6. Back to Basics
  7. Chapter 1: The Cash Cow Strategy
    1. Cash Cows
    2. Cash Pigs
    3. Cash Jackpots
    4. This Is Not a Philosophy; It's About Cash Flow
    5. Cash Cow, Pig or Jackpot?
    6. A Bigger View: Government Debt
    7. Why Don't People Follow This Basic Strategy?
  8. Chapter 2: Taking Care of Your Biggest Cash Cow
    1. Your Biggest Cash Cow is . . .
    2. How to Protect Your Biggest Cash Cow
    3. The Value of Hard Work
    4. Summing up Healthy Living
  9. Chapter 3: Who Wants to Be a Millionaire?
    1. What Is “Rich”?
    2. Many “Wealthy” People are Living a Mirage
    3. Why I Don't Want to Win the Lottery
    4. Going Beyond the Numbers
    5. Million Dollar Wrap-up
  10. Chapter 4: The Trap: Why You Aren't Getting Rich and They Are
    1. How the Banks Make Money
    2. Plug the Cash Pig Leaks
    3. Sometimes People Are Their Own Worst Enemies
    4. Closing the Trap
  11. Chapter 5: The Dream of Home Ownership
    1. The Wealthy Barber Weighs In
    2. Rent Is Not a Four-Letter Word
    3. The Key Points That Most People Miss
    4. Consumer Debt Warning
    5. 123 Any Street: The TFSA Results
    6. 123 Any Street: The RRSP Results
    7. Playing with the Inputs
    8. Beware Those Trying to Sell You Something
    9. Beyond the Numbers
    10. Conclusion
  12. Chapter 6: The Condominium Conundrum
    1. Condo Basics
    2. Running the Numbers
    3. Condos: What Could Go Wrong?
    4. Condo Wrap-up
  13. Chapter 7: Inflation: Monster or Myth?
    1. What Is Inflation?
    2. The Consumer Price Index (CPI)
    3. Why the CPI Matters to You
  14. Chapter 8: Maximizing Your Canada Pension Plan
    1. CPP and OAS Overview
    2. Can We Count on the CPP?
    3. Summing Up the CPP
  15. Chapter 9: Can We Rely on the Old Age Security Cash Cow?
    1. The OAS Details
    2. OAS and GIS Amounts
    3. OAS Wrap-up
  16. Chapter 10: Cash Flow for Life
    1. What Are Your Cash Cows in Retirement?
    2. Cash Flow Finale
  17. Chapter 11: The Inheritance Jackpot
    1. The Great Wealth Transfer Is Going to Be Inefficient
    2. Is There Tax on Death?
    3. Getting Ready: A Simple Checklist
  18. Conclusion
  19. Index
  20. About the Author