conversations.from: human
conversations.value: Provide a description for a book titled Cold Hard Truth on Family, Kids and Money about CBC's, Cold, Truth with the genre: Business & Money, Finance.
conversations.from: assistant
conversations.value: KEVIN O'LEARY is one of North America's most successful business entrepreneurs, as well as a star on CBC's Dragons' Den and ABC's Shark Tank. He is the author of the #1 bestselling books Cold Hard Truth and Cold Hard Truth: On Men, Women &amp; Money. In 1999, Kevin founded and built SoftKey (later The Learning Company), the global leader in children's educational software, and negotiated its sale to Mattel for $4.2 billion. Since then, he has successfully co-founded, funded and sold numerous companies in a range of industries, including storage, entertainment and finance. Today, Kevin is the chairman of the author Funds, a $1.5 billion mutual fund company. He is also the co-host of CBC's The Lang &amp; the author Exchange.
conversations.from: human
conversations.value: Provide the first paragraph for this book.
conversations.from: assistant
conversations.value: Cold Hard Truth on Family, Kids and Money
  What does that mean for you? You're going to have to create your own opportunities. Your 20s are not a time to slack off—far from it. Eleanor Roosevelt and Spider-Man both agree that with great freedom comes great responsibility. But the inverse is also true: with great responsibility comes great freedom. If you have a skill set, find a way to monetize it. You might end up as a freelancer, hustling for a constant flow of part-time work. Or perhaps you'll find a niche as a consultant. A lot of 20-somethings work as temps—in 2012, 29 percent of Canadians between the ages of 20 and 24 were employed in temporary positions. This can be a great way to work in a variety of companies and wear many different hats, sussing out what you like and what you don't.
conversations.from: human
conversations.value: Provide five more paragraphs.
conversations.from: assistant
conversations.value: I talked about setting aside a Secret 10 early in life; now is the time for a Critical 10. This money is to be used in case of emergency. The Critical 10 should amount to roughly 10 percent of expenses. If your parents' expenses amount to $4,000 a month, they need to be setting aside $400 each month for their Critical 10.
  If possible, take your parents to meet with your financial advisor. He or she will be able to help them look at their options, possibly moving their money into more appropriate investment vehicles. If there's still a deficit every month—and if your parents are still healthy and active—they might consider continuing to work part time in retirement. Many seniors don't want to stop working; they enjoy having something to do. If your parents have a technical skill or a professional background, perhaps they will want to make themselves available for part-time or consulting work the way my father did. As he says, "It gave me the satisfaction of knowing I was still useful to society, even though I was old and gray."
  Many Canadians today find themselves in the difficult position of being the primary caregiver for their ailing parents. If this describes you, you need to protect yourself and your family. First, go to your siblings and see if they are willing to donate time or resources. They may be able to help out so that the burden does not fall entirely on your shoulders. If you are an only child, however, or your siblings are unavailable (or unwilling) to assist you, I suggest you talk to your parents. Explain to them the costs of caretaking. You may have to quit your job or work shorter hours, which will necessarily affect your compensation. Make a financial arrangement with your parents to ensure that you are paid for your time.
  If that makes you uncomfortable, get over it. Your parents are the last people in the world who would want to put you in a situation where you are working for no pay. If your parents are senile, just know that if they still had their wits about them, they would want you to put yourself and your own family first. That's what they did with you, right?
  Your parents may elect to compensate you for your time by giving you a bigger chunk of their inheritance once they pass. You'll want to discuss that with them, too. Make sure everything is in writing, indisputably recorded in their will. Maybe you've got three brothers who haven't lifted a finger while you've been breaking your back as a full-time caretaker. You've given your parents a tremendous gift. Do you deserve more money than your brothers? Sure you do. But the cold hard truth is that if your gift of time, love and resources is not reflected in your parents' will, there is nothing you can do about it.
conversations.from: human
conversations.value: Provide the last four paragraphs.
conversations.from: assistant
conversations.value: Love. Marriage. Kids. These are the rites of passage that mark the most important parts of our lives. At our core we all want the same thing: safety and stability, happiness, a good life for our family. Money simply funds these fundamental desires, and without it, life just isn't going to be as fulfilling.
  It's a magical night at our cottage on the lake in Muskoka. Linda is sitting beside me on the dock, Savannah and Trevor across from us. We've uncorked a bottle of O'Leary unoaked chardonnay, one of my favorites. Trevor is softly playing his guitar; Savannah is telling us a funny story about one of her university professors. The cottage is our family refuge, a symbol of the security, wealth and freedom of our dynasty. We're enjoying each other's company, talking, laughing, the moon full in the evening sky.
  Imagine yourself in your family's safe haven, surrounded by your family dynasty, big or small. Your business or career is thriving, your partnership is stronger than ever and you've put aside enough money to be well cared for until the end of your life. Best of all, your kids aren't entitled mooches—they are emerging toward financial independence, and even better, they're showing signs of wanting to carry on your legacy. Guess what? Your money is safe. Your kids are safe. Your partner is safe. Your future is safe. And you are also happy. Who says you can't have it all?
  If you're an aspiring entrepreneur or someone who's debating whether to pursue your passion, you'll get some invaluable advice."
conversations.from: human
conversations.value: Delete the first sentence.
conversations.from: assistant
conversations.value: Marriage. Kids. These are the rites of passage that mark the most important parts of our lives. At our core we all want the same thing: safety and stability, happiness, a good life for our family. Money simply funds these fundamental desires, and without it, life just isn't going to be as fulfilling.
  It's a magical night at our cottage on the lake in Muskoka. Linda is sitting beside me on the dock, Savannah and Trevor across from us. We've uncorked a bottle of O'Leary unoaked chardonnay, one of my favorites. Trevor is softly playing his guitar; Savannah is telling us a funny story about one of her university professors. The cottage is our family refuge, a symbol of the security, wealth and freedom of our dynasty. We're enjoying each other's company, talking, laughing, the moon full in the evening sky.
  Imagine yourself in your family's safe haven, surrounded by your family dynasty, big or small. Your business or career is thriving, your partnership is stronger than ever and you've put aside enough money to be well cared for until the end of your life. Best of all, your kids aren't entitled mooches—they are emerging toward financial independence, and even better, they're showing signs of wanting to carry on your legacy. Guess what? Your money is safe. Your kids are safe. Your partner is safe. Your future is safe. And you are also happy. Who says you can't have it all?
  If you're an aspiring entrepreneur or someone who's debating whether to pursue your passion, you'll get some invaluable advice."