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Financial Blindspots: Insider Secrets to Discovering Financial Freedom
When it comes to money, what you don’t know can hurt you. Fix your blind spots with this illuminating guide.Personal finance can feel like wading into murky waters. With so much misinformation combined with the complex nature of money management, many experience a lack of control or understanding around their finances. If you have tried budgets, investments, and retirement strategies but still struggle to get on solid financial footing, this book is for you.
Financial Blind$pot$ is the groundbreaking guide built to bring clarity to your financial journey. By illuminating the blind spots holding you back and exploring wealth-management avenues you may not have considered, Financial Blind$pot$ enables you to navigate overwhelming financial information with ease. Seasoned CPA Michael Baker and Eric Watchorn, who once owned trading room floors in Canada and Asia, provide a fresh, unique perspective, enabling you to see financial solutions others might miss.
In this book, you’ll ultimate key to financial success—your mind—and how to dismantle mental barriers like biases and procrastination, setting the stage for financial success and informed decision-making.A holistic personal strategy covering everything from taxation to protection to assets.Spotlights on the money strategies, concepts, and information on financial tools designed to provide a framework for immediate action.The most important steps to build a strong foundation for your financial house, including insurance strategy, protections, and access to capital.How to bring personal values and financial goals together to craft adaptable and effective strategies for a comprehensive financial journey.Financial Blind$pot$ is your key to be the hero of your own financial story, offering insights that transform not just your wealth but your life. Are you ready to uncover the hidden factors affecting your financial stability and growth? Get on solid ground with Financial Blind$pot$ and plan your way to a better, more secure financial future.
Financial Blind$pot$ is the groundbreaking guide built to bring clarity to your financial journey. By illuminating the blind spots holding you back and exploring wealth-management avenues you may not have considered, Financial Blind$pot$ enables you to navigate overwhelming financial information with ease. Seasoned CPA Michael Baker and Eric Watchorn, who once owned trading room floors in Canada and Asia, provide a fresh, unique perspective, enabling you to see financial solutions others might miss.
In this book, you’ll ultimate key to financial success—your mind—and how to dismantle mental barriers like biases and procrastination, setting the stage for financial success and informed decision-making.A holistic personal strategy covering everything from taxation to protection to assets.Spotlights on the money strategies, concepts, and information on financial tools designed to provide a framework for immediate action.The most important steps to build a strong foundation for your financial house, including insurance strategy, protections, and access to capital.How to bring personal values and financial goals together to craft adaptable and effective strategies for a comprehensive financial journey.Financial Blind$pot$ is your key to be the hero of your own financial story, offering insights that transform not just your wealth but your life. Are you ready to uncover the hidden factors affecting your financial stability and growth? Get on solid ground with Financial Blind$pot$ and plan your way to a better, more secure financial future.
310 pages, Kindle Edition
Published June 12, 2024
About the author
Michael Baker
1 book6 followersMichael Baker, CPA, CA, CFP, TEP, is not just a financial advisor—he is a visionary in the world of financial planning and tax strategies using life insurance. With over 25 years as a chartered professional accountant (formerly chartered accountant) and a notable career in owner-managed business consulting, Michael has positioned himself as a leader in transforming financial landscapes. His firm, Baker Wealth, embodies his commitment to guiding individuals and businesses toward financial efficiency, control, and safety.
Michael’s professional philosophy revolves around helping others create a life they love, a principle that extends to his financial advisory role. His approach is informed by the significant changes in the financial sector, particularly following the 2016 federal budget. Michael recognized the need for more nuanced financial guidance, especially as it pertains to taxation and the strategic use of life insurance. His belief in empowering clients to control their financial environment is a testament to his dedication to their financial well-being.
Michael’s expertise and accomplishments are substantial. A CPA for nearly three decades and a partner for 12 years, he has provided invaluable audit, tax, and consulting services to a diverse range of clients. His transition to a financial advisor six years ago was driven by his observation that small-business owners and their families require more-holistic financial strategies. His achievements include being a three-time member of the Million Dollar Round Table, earning Court of the Table membership in 2024, and receiving the certified financial planner designation in 2022 and the well-recognized trust and estate practitioner designation in 2024. His unique integration of accounting and tax knowledge with financial services offers clients a distinctive perspective.
Educationally, Michael is well grounded with a BA in economics and a BCom in accounting from the University of Alberta. His professional journey took him to the Cayman Islands for a decade, enriching his global financial perspective.
Michael currently resides in Medicine Hat, Alberta, where he leads a balanced life with his wife, Sabrina, of 21 years and their triplets, two girls and one boy aged 13. An accomplished athlete, he has completed seven Ironman triathlons, a feat that speaks to his discipline and dedication. His insights into the financial world are further shared through his podcast, Financial Blind$pot$.
To learn more about how Michael Baker can assist you in reaching your financial dreams and transforming your life, visit Baker Wealth at www.bakerwealth.ca. His expertise is not just about managing wealth—it’s about enriching lives.
Discover more at www.bakerwealth.ca.
Michael’s professional philosophy revolves around helping others create a life they love, a principle that extends to his financial advisory role. His approach is informed by the significant changes in the financial sector, particularly following the 2016 federal budget. Michael recognized the need for more nuanced financial guidance, especially as it pertains to taxation and the strategic use of life insurance. His belief in empowering clients to control their financial environment is a testament to his dedication to their financial well-being.
Michael’s expertise and accomplishments are substantial. A CPA for nearly three decades and a partner for 12 years, he has provided invaluable audit, tax, and consulting services to a diverse range of clients. His transition to a financial advisor six years ago was driven by his observation that small-business owners and their families require more-holistic financial strategies. His achievements include being a three-time member of the Million Dollar Round Table, earning Court of the Table membership in 2024, and receiving the certified financial planner designation in 2022 and the well-recognized trust and estate practitioner designation in 2024. His unique integration of accounting and tax knowledge with financial services offers clients a distinctive perspective.
Educationally, Michael is well grounded with a BA in economics and a BCom in accounting from the University of Alberta. His professional journey took him to the Cayman Islands for a decade, enriching his global financial perspective.
Michael currently resides in Medicine Hat, Alberta, where he leads a balanced life with his wife, Sabrina, of 21 years and their triplets, two girls and one boy aged 13. An accomplished athlete, he has completed seven Ironman triathlons, a feat that speaks to his discipline and dedication. His insights into the financial world are further shared through his podcast, Financial Blind$pot$.
To learn more about how Michael Baker can assist you in reaching your financial dreams and transforming your life, visit Baker Wealth at www.bakerwealth.ca. His expertise is not just about managing wealth—it’s about enriching lives.
Discover more at www.bakerwealth.ca.
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Displaying 1 - 3 of 3 reviews
June 25, 2024
This book started out really good. I was shocked when the authors talked about taxes being the devil in the room instead of spending. Most people overlook taxes, so this was a great way to start out the book.
Then it began to go downhill. The first strike against the authors was when they highly praised the book, Rich Dad, Poor Dad by Robert Kiyosaki. This book is trash when it comes to personal finance and has proven to be a made up narrative of that authors imagination.
The second strike was when they cited a study stating that people with managed accounts had 4x more money invested then others. I actually clicked the link and the study was from 2012, from ONE mutual fund company.
Third strike was the authors saying that most people, the MAJORITY of people don't save enough for retirement. Then they go on to say might as well take on debt, LOTS of debt. From getting a 30 year mortgage and investing the rest (news flash, people aren't investing/saving the difference between a 15 year mortgage and a 30 year mortgage) and getting a brand new car with financing.
I could not take this book seriously after that.
Further, they are both insurance brokers so be prepared for the sales pitch FOR ALL TYPES of insurances, whether a person needs them or not.
Overall, the book started off strong and then went downhill in the financial advice area.
Thank you to Netgalley and the Publisher for the ARC in exchange for this honest review.
Then it began to go downhill. The first strike against the authors was when they highly praised the book, Rich Dad, Poor Dad by Robert Kiyosaki. This book is trash when it comes to personal finance and has proven to be a made up narrative of that authors imagination.
The second strike was when they cited a study stating that people with managed accounts had 4x more money invested then others. I actually clicked the link and the study was from 2012, from ONE mutual fund company.
Third strike was the authors saying that most people, the MAJORITY of people don't save enough for retirement. Then they go on to say might as well take on debt, LOTS of debt. From getting a 30 year mortgage and investing the rest (news flash, people aren't investing/saving the difference between a 15 year mortgage and a 30 year mortgage) and getting a brand new car with financing.
I could not take this book seriously after that.
Further, they are both insurance brokers so be prepared for the sales pitch FOR ALL TYPES of insurances, whether a person needs them or not.
Overall, the book started off strong and then went downhill in the financial advice area.
Thank you to Netgalley and the Publisher for the ARC in exchange for this honest review.
August 22, 2024
As with all “self help” style of books I take what I read with a grain of salt. I will likely use some of the information I read to assist in my financial journey, I don’t believe I would ever go back and re-read it though, as self help books aren’t my typical read.
**Received via a Goodreads give away**
**Received via a Goodreads give away**
September 3, 2024
"Financial Blindspots" is an informative and easy-to-read guide that helps readers grasp essential financial concepts like compounding interest and the benefits of participating in whole life insurance (PAR). Whether you’re new to personal finance or looking to expand your knowledge, this book offers practical insights that can help you make better financial decisions.
Displaying 1 - 3 of 3 reviews