Why this book? Gordon’s middle aged clients came for advice on how to get back on track. Many wished they had done things different earlier. They frequently asked questions like "Why didn't any one ever tell me about this?
Why would any teenager use good advice if they don’t understand why they should use that advice today? This book doesn't just talk about numbers, It interprets those numbers into everyday experiences. By seeing how people were affected - youth can relate to their experiences.
Proverbs 14:6 “Knowledge is easy to him that understands”.
We want to help youth understand why and how financial savvy today will impact their future.
Youth need to understand why – this book helps!
Gordon has over 25 years experience as a financial planner. The preventable problems he sees in his practice motivated him to write this book. It covers aspects of financial success that are commonly overlooked in our culture. Without this understanding young people are apt to find themselves in unnecessary debt.
Gordon Hughes, CFP
Gordon Hughes CFP Later he became a financial planner in 1991. Previously he worked in Banking and Credit Management but felt he could better serve people as an advisor. Gordon earned designations in credit management, lifestyle planning and financial planning. In 2009 he incorporated his own life insurance and investment company. Smart Choice Life Inc. brokers products from 20 Life Insurance companies making the best choices available for their clients. At Smart Choice Life Inc. they work for their clients – not for a single company.
In 2011, a year after his son Greg died Gordon and his two daughters started a scholarship program in Greg’s honor to assist children from low income families to enroll in music, art, dance or acting programs. The not for profit company is the ‘Youth Advantage Project for Culture Inc’.
Gordon has authored a financial advice column in The Daily Gleaner in Fredericton NB. His column shared actual mistakes people made and offered suggestions to help others avoid those pitfalls. He didn’t regurgitate commonly held beliefs; he used real life circumstances and doable solutions. He often challenged common practices and exposed information that served the seller more than their clients.
Gordon's predictions have been surprisingly accurate. In 1998 when interest rates were around 7%, he predicted that we would see 2% GIC rates within 5 -6 years. He recommended that seniors purchase life annuities before the interest rates declined. Hindsight affirms that was a very wise investment choice for many seniors. Another prediction in 1998 was that we would see 20% 30% even 40% growth in equity markets followed by a 50% drop. In 2000 the Toronto stock exchange was at 11,000 and dropped to less than 6,000 by 2002. In 2007 he warned his clients of a repeat in 2008 or 2009. Similar results of growth in 2005, 2006, 2007, and a drop in 2008. He won a trip in recognition for the money he saved his clients with a more secure method of equity investing.