Conversation with Jon Chevreau - Author of Findependence Day - Part 2
Monty Loree: Well, yeah. That was what I feel. I've seen this book all over the place, so it's pretty popular. I like the approach to it because you're talking about an example. I don't know if Jamie and Sheena are people, but I'm sure you based them off of people that you've met with - people you've interacted with your job and people that, you know, from reading they look like kind of real life situations.
You can listen to the podcast with Jon Chevreau here:
Jon Chevreau: Yeah, I mean I suppose some of my family members might be sort of the opposite of Sheena and some people would accuse Jamie of being different versions of myself. But for the most part, they are fictional. One thing I tried to do, that what Diane McCurdy did in her book - Chief Financial Planner in BC - wrote a book called How Much is Enough. She talked about four money personalities: builders, savers, spenders and givers. Basically if you have two savers, that's pretty good. If you have two spenders, that's a recipe for disaster. What's interesting in a novel is to have a conflict, so I have basically Sheena, the woman, being the spender and Jaime the frugal want to be the saver and builder so they have to have the built-in conflict. I've got a joke which is basically a financial harlequin romance.
Monty Loree: Nice. so I was just wondering, who's the demographic? What age group is reading this?
Jon Chevreau: I would say it's the children of the baby boomers, if I had to make a sweeping generalization. It'd be rare if it's a teenager, I suppose. They probably should read it, but I would think they'd be in their 20s, early 20s. The children of the boomers who have - maybe they just started family formation. They're buying their first house, they're thinking about it. Maybe they're getting a child. They're starting to worry about RESPs - Registered Education Savings Plans. They have some inkling that maybe should get an RSP for retirement even though they have seen this ten centuries away when you're in your 20s. Now they've heard all this stuff about the TFSA, the new Tax Free Savings Account. The book was written at the time to include a fair bit of material on the Tax Free Savings Account. So it's basically, that's what I would call it. Just the kids of the boomers who are just getting launched in their own financial lives.
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Monty Loree: Well, yeah. That was what I feel. I've seen this book all over the place, so it's pretty popular. I like the approach to it because you're talking about an example. I don't know if Jamie and Sheena are people, but I'm sure you based them off of people that you've met with - people you've interacted with your job and people that, you know, from reading they look like kind of real life situations.
You can listen to the podcast with Jon Chevreau here:
Jon Chevreau: Yeah, I mean I suppose some of my family members might be sort of the opposite of Sheena and some people would accuse Jamie of being different versions of myself. But for the most part, they are fictional. One thing I tried to do, that what Diane McCurdy did in her book - Chief Financial Planner in BC - wrote a book called How Much is Enough. She talked about four money personalities: builders, savers, spenders and givers. Basically if you have two savers, that's pretty good. If you have two spenders, that's a recipe for disaster. What's interesting in a novel is to have a conflict, so I have basically Sheena, the woman, being the spender and Jaime the frugal want to be the saver and builder so they have to have the built-in conflict. I've got a joke which is basically a financial harlequin romance.
Monty Loree: Nice. so I was just wondering, who's the demographic? What age group is reading this?
Jon Chevreau: I would say it's the children of the baby boomers, if I had to make a sweeping generalization. It'd be rare if it's a teenager, I suppose. They probably should read it, but I would think they'd be in their 20s, early 20s. The children of the boomers who have - maybe they just started family formation. They're buying their first house, they're thinking about it. Maybe they're getting a child. They're starting to worry about RESPs - Registered Education Savings Plans. They have some inkling that maybe should get an RSP for retirement even though they have seen this ten centuries away when you're in your 20s. Now they've heard all this stuff about the TFSA, the new Tax Free Savings Account. The book was written at the time to include a fair bit of material on the Tax Free Savings Account. So it's basically, that's what I would call it. Just the kids of the boomers who are just getting launched in their own financial lives.
Check out all of our personal finance podcasts
