Financial Empowerment: Personal Finance for Indigenous and Non-Indigenous People

November 7, 2018 | Updated: January 14, 2022
Author: Bettina Schneider, First Nations University of Canada, Saylor Academy

Financial Empowerment is designed for a single-semester introduction to financial planning and decision-making, in order to provide first and second-year business students with the necessary financial literacy and skills needed to make sound financial decisions, assess financial risk, and achieve financial success. This textbook attempts to speak to the varied backgrounds, knowledge systems, and experiences of Indigenous and non-Indigenous Canadians by providing Indigenous and non-Indigenous perspectives on personal finance and financial planning using examples and information from the Canadian financial system, economy, and Elders.

Subject Areas
Business, Finance

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Cover design: John van der Woude, JVDW Designs, is licensed under a CC BY 4.0 International License. Cover photo: Terry Massey, Strictly Social, is licensed under a CC BY 4.0 International License.

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Financial Empowerment: Personal Finance for Indigenous and Non-Indigenous People by Bettina Schneider, First Nations University of Canada, Saylor Academy is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License, except where otherwise noted.

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Reviews (1) Avg: 4.6 / 5

Pooja Lekhi

Institution:University Canada WestTitle/Position: FacultyCreative Commons License

Q: The text covers all areas and ideas of the subject appropriately and provides an effective index and/or glossary

Textbook covers all the important areas appropriately. It has covered all the concepts that are relevant for the subject. However, I feel that more elaboration is required in some areas. For instance, in concept of capital budgeting more content on its techniques should be covered like Net present value with practical example as it is one of the major technique of long term Investment planning. And in investing chapter, along with mutual funds and ETFs, more investment funds like hedge funds is suggested to be included. And some mini case studies are also suggested to be included in each chapter.

Comprehensiveness Rating: 4 out of 5

Q: Content is accurate, error-free and unbiased

Content is accurate but at some places updates are required. For e.g. in RRSP, Home buyer plan, the limit is updated to $35000.And certain other contribution limit in various other plans need to be updated. However content overall is error-free and it includes relevant tables and materials. However, nowadays people are keener to learn things through apps or calculator. So wherever possible, it must include financial calculator steps. For e.g it can be included in time value of money chapter. So it should be technologically updated

Content Accuracy Rating: 4 out of 5

Q: Content is up-to-date, but not in a way that will quickly make the text obsolete within a short period of time. The text is written and/or arranged in such a way that necessary updates will be relatively easy and straightforward to implement

Yes, content is relevant and in short period of time its not considered obsolete. However, as discussed in previous point, in the long run, some updates are needed to be done like RRSP, TFSA, CPP limits. But text is written in such a way that it is not considered obsolete in short period of time and updates can be easily implemented.

Relevance Rating: 4 out of 5

Q: The text is written in lucid, accessible prose, and provides adequate context for any jargon/technical terminology used

a. The text is written is in clear language which is easily understandable and no technical terminology is used. However more practical examples should be included in certain chapters to make things clearer. For e.g., what is CPP contribution,? how much is OAS benefit? Some practical examples or cases in explaining whole life insurance, term life insurance. It will make the content clearer.

Clarity Rating: 4 out of 5

Q: The text is internally consistent in terms of terminology and framework

Yes content is consistent . It is organized well and the topics are included in proper order.

Consistency Rating: 5 out of 5

Q: The text is easily and readily divisible into smaller reading sections that can be assigned at different points within the course (i.e., enormous blocks of text without subheadings should be avoided). The text should not be overly self-referential, and should be easily reorganized and realigned with various subunits of a course without presenting much disruption to the reader.

Yes text is properly aligned with proper referencing and sections and there is no disruption while reading. It has included proper subheadings and is organized well.

Modularity Rating: 5 out of 5

Q: The topics in the text are presented in a logical, clear fashion

Yes , text is organized well and is very clearly and logically presented. And all the content included is relevant .The presentation of topic is appropriate and easily understandable and intelligible.

Organization Rating: 5 out of 5

Q: The text is free of significant interface issues, including navigation problems, distortion of images/charts, and any other display features that may distract or confuse the reader

Yes, text is free from any interface issue and there are no confusions or distractions while reading the text. And there is no navigation problem.

Interface Rating: 5 out of 5

Q: The text contains no grammatical errors

Text is free from any grammatical or spelling errors.

Grammar Rating: 5 out of 5

Q: The text is not culturally insensitive or offensive in any way. It should make use of examples that are inclusive of a variety of races, ethnicities, and backgrounds

Yes, text reflects diversity .The language and wording used is appropriate regarding culture, gender, ethnicity, nationality and other demographics. It doesn't include insensitive or offensive language.

Cultural Relevance Rating: 5 out of 5

Q: Are there any other comments you would like to make about this book, for example, its appropriateness in a Canadian context or specific updates you think need to be made?

Yes, I recommend this book. Because it has covered all important areas with easy and understandable language. And content is explained logically covering all the relevant topics and concepts pertaining to the subject.