Contratulations goes to chickeechickee!  You’ll be receiving your gift card shortly.

Thanks to everyone who entered, and if you didn’t enter but still want to fill out the survey, this is your chance!

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The Investor’s Education Fund recently launched a site to tell you just how long it will take you to pay off your credit card debt.  For example, if you have $2,000 in outstanding debt on your credit card and are charged an interest rate of 19.9%, and can only afford a $300/month payment, it will take you 8 months to pay off your debt.

Yes, that’s right; to pay off your $2,000 debt you’ll end up paying the credit card company $2,400, of which $400 is interest fees.

So if you don’t have a plan to pay off that credit card debt today, maybe you should head on over here and figure out how you’re going to get that credit card balance to zero!

Don’t forget, there are only 2 days left until the $50 Amazon gift card contest is over, and all it takes is 3.5 minutes to enter!!!

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Some interesting tidbits are:

• 51% of respondents wish they would have focused more on “life goals” than on “the numbers”
• 38% wished they had spent more time thinking about how they want to live rather than hitting a specific retirement number
• 18% would have given up on certain luxuries in order to reach their retirement goals
• 31% of respondents worked with a financial advisor, and 55% wished they would have worked with one

In terms of advice for younger generations, survey respondents recommended that if you are 10-15 years away from retirement you should:

• build a plan around what is most important to you
• have a plan to manage retirement income throughout retirement
• pay down debt

There is also a short write up of the survey on the Money Bucks website.

Don’t forget, there are only 2 weeks left until the $50 Amazon gift card contest is over, and all it takes is 3.5 minutes to enter!!!

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Click here to take the survey, or find out more information below.

Why is Adam conducting a survey?As part of my quest to help young people take an interest and start managing their money, I’m trying to better understand the issues preventing them from achieving financial stability.

Will my results be shared? No.  All results will be kept confidential and only aggregate results will be shared.

Will you share the overall results with me? Yes, the aggregate survey results will be published on Followingthegoods.com for everyone to see.

How will I know if I win?  The winner will be contacted via email on January 29, 2010, and the gift certificate will be delivered by email.

Do I have to enter my email address? Yes.  If you want to claim your prize, you must enter a valid email address.  Remember, your individual results will never be shared, and no one will ever find out what you answered.

Can anyone enter the contest?  Yes, anyone can enter the contest by filling out the survey below.  Please note, you must answer all questions in the survey to be eligible to win the gift certificate.

Where is the survey? Click here to take the survey and enter to win $50 at Amazon!

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3. Adam on 98.9 FM The Drive This morning I was on The Morning Rush with...

This morning I was on The Morning Rush with Jim Elyot and Matthew Bisson on 98.9 FM The Drive. We discussed what the right age is to start learning about money management (context is king!), as well as what type of financial things you need to start thinking about in your mid-twenties.  Click the link below to hear the interview!

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Click here to view the embedded video.

MoneySense.ca recently published a list of the odds of winning a lottery.

As you can see, on average, you have at least a 1 in 1 million chance of winning the lottery. Interesting enough, you have a 1 in 500,000 chance of being stuck by lightining, a 1 in 50,000 chance of becoming a professional athlete, a 1 in 700,000 chance of being killed by a meteorite, and a 1 in 118,351 chance of dying due to a medical complication.

So the next time you see a lottery commercial and want to join in the fun, just remember, when was the last time you heard of someone being killed by a meteorite.

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I was recently on the morning show with Brian and Shauna on 98.3 FLY FM in Kingston (a CHUM station).  If you weren’t able to catch it live, you can listen to the segment below by clicking on the play button.

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Canadian MoneySaver is an acclaimed investment advisory with a recognized reputation for providing a trustworthy and down-to-earth service since 1981.

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Stop by Books for Business at 120 Adelaide Street West to pick up your copy today!

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To celebrate the launch of the kindle in Canada, Following The Goods is now available as an eBook! If you’ve been waiting to buy a digital copy, now is your chance!  Head over to lulu.com to purchase it.

The eBook is available as an ePUB so it will work with all eBook readers.

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