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Stop Working : Here's How You Can!: Using the Strategy of Canada's Youngest Retiree
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Stop Working : Here's How You Can!: Using the Strategy of Canada's Youngest Retiree

3.56  ·  Rating Details ·  59 Ratings  ·  9 Reviews
Stop Working, Here's How You Can smashes some common myths and shows the reader exactly how anyone can achieve early retirement following a simple, proven strategy. The book raises provocative questions such as, "If your financial planner has some special investing skill, why isn't he rich already - and retired?" And "If he can't create an early retirement for himself, how ...more
Paperback, 180 pages
Published January 1st 2005 by Foster, Underhill Financial Pr
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Darren
Nov 04, 2007 Darren rated it it was amazing
Wow, there is some really good advice in here, especially for Canadians.

I disagree with his section on RRSPs as this section seems to generalize the benefits without considering people could have much higher incomes than he had, therefore making RRSPs even more beneficial.

Also, in his final summary where he breaks down income/expenses before and after retirement there are a number of expenses he lists that have nothing to do with whether you are retired or not, and he counts investing for retire
...more
Eric
Jul 10, 2014 Eric rated it did not like it
I found this book in a geocache in Australia while hiking and thought I'd give it a read. It was a very quick read and not particularly well-written. It may be of some use to a beginning investor, but I think the title and premise are misleading. Investing in dividend stock that pays ~ 8% and saving ~ $200 a month, as he did, would not result in an early retirement. It would take roughly 9 years to double his money at that rate. He claims he retired at age 34, giving him around 18 years of ...more
Gossymotto
Mar 16, 2010 Gossymotto rated it liked it
Shelves: self-investing
A good book to help get started on self-directed investing. Especially good if you are Canadian since it is written by Derek Foster from Wasaga Beach, Ontario.

Between this book and Phil Town's "Rule 1" I ave been able to take over my investments, survive the collapse of the markets and economy through 2008, and come out ahead by the end of 2009. I even did well enough to compensate for my still lagging mutual funds that I left alone, just in case. That turned out to be a mistake but now I know b
...more
John Svazic
Apr 26, 2011 John Svazic rated it really liked it
Interesting read. Very good book for trying to come up with a financial plan. Definitely gave me some ideas for long-term investing to reach retirement earlier, at the same time saving on taxes. I wish he spent more time discussing DRIPs rather than just dividend investments, but that's okay. Still a very good book overall.
Jonathan Cook
Nov 04, 2012 Jonathan Cook rated it really liked it
A good read for those trying to make sense of retirement planning and investing. Definitely has several short falls in it, the concepts will lead you to learn more for yourself and how to manage your income.
Jody
Sep 14, 2011 Jody rated it it was amazing
I will be investing in stocks in the very near future and look forward to reading the remainder of his books (5 in total)
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I Cant get enough of this guy!
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Jennifer
Aug 20, 2012 Jennifer rated it it was amazing
Fantastic book with simple clear ideas. Great for someone new to investing.
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Derek Foster was born in Ottawa in 1970 and graduated with a Bachelor of Commerce (Honours) degree in 1993. He later completed the Canadian Investment Funds Course developed by the Investment Funds Institute of Canada.

He has travelled and lived in many countries including Canada, the US, Europe, Asia, and Australia.

After quitting the rat race at 34 and becoming a millionaire using simple ideas, he
...more
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