When it comes to personal finance, Canadians are know-it-alls. Or at least they think they are, according to the RBC Canadian Consumer Outlook survey. On a national scale, 70 per cent of Canadians rate their own financial knowledge as “excellent / good”, while another 65 per cent think the average Canadian’s ranks as “not very good” when it comes to financial know-how.
Who doesn’t dream of winning the lottery? Cashing in on the finer things in life and taking early retirement may seem like bliss, but a windfall can be too good to be true. Read on to find out how winning can actually lead to financial disaster – and what to do to protect your money if you actually win.