Personal Finance: Plan, Invest, Enjoy, 1e, eBook Edition

Wilfred Roesler     

 , ISBN 978-1-55322-407-5 (2020)
444 pages, 0 g, 8.5 X 11, $81.00 (US$64.80)

Financial planning can seem a daunting topic, especially in uncertain economic times. Yet learning how to manage personal finances has never been more important. While there are options to leave these matters to financial management professionals, it is wise to have a basic understanding of personal finance concepts in order to be aware of how your personal finances are being managed.

Personal Finance: Plan, Invest, Enjoy, 1e addresses those seeking financial literacy whether for personal development or preparing for a personal finance career. This textbook is written by a Canadian, for Canadians. The author, Wilfred Roesler, academic and practising professional of personal finance for 36+ years, talks about how financial planning and strategic investing cannot be separated and when the two come together, it results in the enjoyment of life.

Personal Finance: Plan, Invest, Enjoy, 1e is broadly divided into 2 parts.

Part I focuses on the elements of personal financial planning process and the importance of creating a formal financial plan. The chapters are organized based on these elements and guides the reader through financial planning steps that considers inflation and investment returns, basic tax reduction strategies, consumer credit products, types of insurance and insurance concepts, retirement planning including retirement income and registered plans, and finally estate planning topics, its importance and the elements it includes.

A good financial plan is like a road map; it can show the best way to get to your final destination. But without sound investing strategies, the destination will be unreachable. In Part II, the author explains key concepts in investing processes and securities along with overriding concepts of risk and reward. The reader is introduced to the fundamentals of investment, followed by descriptions of types of stock and investor motivations, how high-quality investments can be analyzed, types of bonds, bond features and importance of bonds for diversification. The next chapter details the pros and cons of popular investment vehicles, while the investing chapters that follow have tax implications to the investor as a recurring theme. Equipped with this basic but important investing knowledge, readers can have informed discussions with their investment advisors and thereby ensure they will reach their financial destination.

With strong coverage of personal finance concepts that closely align with FP Canada's "Body of Knowledge", Personal Finance: Plan, Invest, Enjoy, 1e would also be a valuable resource for candidates preparing to achieve the Qualified Associate Financial Planner (QAFP) and the Certified Financial Planner (CFP) designations.

Table of Contents   top

Preface and Acknowledgements

PART I - The Personal Financial Planning Process
Chapter 1: Personal Financial Planning
Chapter 2: Time Value of Money
Chapter 3: Taxation and Family Law
Chapter 4: Consumer Credit
Chapter 5: Insurance
Chapter 6: Retirement Planning
Chapter 7: Estate Planning

PART II - Investing: The Process and The Essentials
Chapter 8: Investment Fundamentals
Chapter 9: Stocks
Chapter 10: Bonds
Chapter 11: Mutual Funds

Additional Downloadable Study Resources

Instructor Resources   top

Comprehensive teaching aids for instructors are available including:

  • Solutions Manual
  • PPTs
  • Additional Toolkits (spreadsheets) for teaching
  • Test Bank (coming soon)

Related Resources   top

About the Author   top

Wilfred (Wilf) Roesler is a faculty member in finance in the Dhillon School of Business at the University of Lethbridge. He enthusiastically teaches a variety of senior finance courses, with a passionate focus on personal finance and investing. Wilf holds a bachelor of management degree from the University of Lethbridge, an MBA from the University of Quebec in Montreal, and the CPA, CMA, and CFP® designations.
With 20 years of experience at senior levels in the finance industry, plus over 20 years of academia, his background has provided the insight and motivation to write about the most important topics in personal finance. Wilf has also written several online courses in the areas of personal finance and investing. As the growing and important field of personal financial planning continues to evolve, Wilf helps provide direction on research as a committee member of the FP Canada Research Foundation and helps educate the public through the CPA Canada Financial Literacy program.