As a frequent reader of The Vancouver Sun’s online website, I was quite pleasantly surprised when I stumbled upon a blog written by staff members of the newspaper. There was a section of the blog specifically catered to business issues which I found very thought-provoking. I was exceptionally shocked after reading Tracy Sherlock’s post “Winning the Lottery Not a Good Financial Plan.” In her blog post, she describes a recent survey conducted by Capital One Canada which revealed that approximately one-third of Canadians’ include winning the lottery and receiving a large inheritance as part of their financial plan.

I couldn’t believe that so many Canadians relied on such fantasies to plan for the future. It’s no wonder that so many citizens are in debt! As articulated by the analysis of crisis in Europe done in our finance class, money mismanagement can lead to a tremendous disaster. Canadians should not be planning for their future on the basis of the idea that the debt they accumulate today will, by a magic stroke of luck, be paid off tomorrow. Instead, they should plan realistically for the future using their current situation as a starting point.

The Vancouver Sun’s blog is thought-provoking, entertaining and refreshing. I recommend this blog to anyone who enjoys learning more about Canada’s businesses!