The Wealthy Procrastinator: A Story of Financial Planning for Those Who Thought It Was Too Late

Description

185 pages
$15.95
ISBN 1-895653-08-8
DDC 332.024'01

Year

1993

Contributor

Reviewed by Jane M. Wilson

Jane M. Wilson is a Toronto-based chartered financial analyst in the
investment business.

Review

This book follows into the next century the fortunes of a fictional
middle-aged couple who examine their financial prospects and finally
decide to do something about them in 1995. Their coach is a retired
mathematics teacher, a natural expert on the miracle of compound
interest. “Uncle Mac” lectures this artless couple on the virtues of
saving and budgeting, and teaches them the basics of mutual funds,
RRSPs, income splitting, insurance, and even buying a business. A
thorough treatment of these subjects is not intended; the goal of the
book is to inspire financial procrastinators and to assure them that it
is not too late to finance a secure retirement. The narrative is
interspersed with mock newspaper articles describing an imaginary
political party and political future for Canada. This is no more than a
mildly entertaining declamation of the author’s own beliefs, and it
has little or no connection with the tale of successful retirement
planning from modest beginnings.

Henry Zimmer, who now writes under the name Cimmer to ensure that his
books are displayed at eye level, knows as much about making money by
writing personal finance books as he does about financial planning. This
one is light reading for those who are looking for something less
discouraging than a technical tome on financial management.

Citation

Cimmer, Henry B., “The Wealthy Procrastinator: A Story of Financial Planning for Those Who Thought It Was Too Late,” Canadian Book Review Annual Online, accessed November 12, 2024, https://cbra.library.utoronto.ca/items/show/13994.