Kathy W said the Steve is a father and grandfather, a hockey coach, a sailor and a maple syrup maker.  After a successful career in financial management he has an insight into investing's risks and rewards.
Steve touched on highlights of his career that led him to be able to retire at 40 and pursue other interests but he has also worked to inform people about the problems associated with investing.
He says that most people don't really know what they own or how they are invested or in what.  57% of people don't have a plan, 71% want help and 61% feel financial stress is a major factor in their lives and that can lead to health issues.
He wrote his book - Mid-Life Crises - to help people connect their money to their lives and to give some peace of mind.  First, he is risk averse and declines to leverage, eg. mortgaging the house to invest.  Too many bubbles have shown that to be a mistake.  Second, most brokerages look to turnover on the short term as success and don't plan for the long term, which would be more in the individual's interest.  He says "We want your money and we want it all the time."  So you should understand what you own and monitor changes.
Asset allocation is flawed, according to Steve.  A - always avoid risk.  B - investing should be based on underlying assets, not on age and not on hope.  For instance, recent growth is not based on productivity increases, it's based on layoffs.  Currently we are looking at high debt levels and job uncertainty, if not scarcity and Canada, Europe and Japan are in recession because of dropping commodity prices and because personal income has not kept up with asset prices.
Demographics - young people are borrowing and spending, which is inflationary.  Seniors are selling and downsizing which is deflationary but the boomers have pushed everything up to a point that the next generation can't afford.
Steve says we need more financial literacy.  Seniors currently are in bonds which have been good for them because interest rates have stayed low but do they know what will happen if rates start to go up?  The value of their bonds will drop because the rates are fixed.  But equities can be problematic too - they are a piece of a business and business goes in cycles so, if you can buy near the bottom of one great, but know when to get out too.  Unfortunately, optimism plays too great a role leading to exuberance through denial which leads to depression - financial and mental.  We've had Nasdaq, the housing boom and now we're in an era of cheap money.  Interest rates are so low that there are few options for central banks if we do slide into another recession.  We do need to spend now but we need to save something for emergencies - look at Alberta.
He said again that investment firms are in it for the money, our money, and that complex terminology keeps us disconnected from  the process.  It's time to take responsibility and ask questions.