This is where your finance takes place

Here are some cool article this week:

Money Answer Guy is saying that personal finance books suck. His point is that most of them don’t reinvent the wheel. I can’t really disagree with him as all financial gurus are saying the same thing : save money, pay yourself first and pay down your debts… However, I still think that reading 1 or 2 books from Robert Kiyosaki and certainly the Wealthy Barber will give you a great start in the personal finance world!

The Simple Dollar wrote a very inspiring post about quitting his job a few months ago. He is now working at home while raising his 2 kids at the same time. Sometimes, the demon of adventure is whispering in my ear and I start thinking about how many hours I put on my side projects versus the income I earn from it. Then I think about how much I would make if I would be working 50 hours/week on my side projects… If I apply blunt mathematic, it is more than my day job…. still not convinced for now

Four Pillar explains the difference between our RRSP and the 401(K) from the United States. I always wondered what retirement investment accounts look like south of the border. It seems that we have a much more efficient and flexible retirement system in Canada At least one thing we did better than our neighbour! hahaha!

Inspiring post by Money Ning on Passive Income. In the upcoming years, I think that financial freedom will become accessible to many people; those who will have the guts to put their passion first and create a growing passive income machine with it!

Does anybody would argue against asset allocation? The Digerati Life offers us a complete post on why asset diversification is the key to make money. If you don’t have the time to read the article, simply skip to the charts, they say it all!

Fascinating guest post by Ed Rempel on Million Dollar Journey about the Oil Bubble VS The Peak Oil Theory. Is it going up? is it going down? It is getting so twisted we would believe that the Joker is playing with the market

Carnivals:

Carnival of Money Stories

Money Hacks Carnival

Carnival of Personal Finance

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Here are the good read for this week:

Money Answer Guy goes along with his financial blogger confessions. A pretty and straight forward post about being honest with your readers. I think that it is very important to be honest and show integrity to your readers. If you don’t what is the point of writing then?

Canadian Capitalist shares with us the story of Dave. After investing several years with a broker, he decided to become a DIY Investor. Investing on your own is a very exciting experience. Though it is sometimes painful Good luck to Dave!

I found out that My Trader Journal also wrote about OIL ETF . Going up? Going down? One thing for sure is that oil is moving big time! I would say that it’s probably time to establish a butterfly strategy with calls and puts on oil. This strategy enables you to make money on a stock as long as it does some good fluctuations (either up or down).

Debt Free is doing a list of things we should look at when doing a mortgage debt consolidation. Paying off your debts with the equity lying in your house might be a good idea. However, like everything else in personal finance, take your time before you do anything!

If you want to invest and don’t bother too much about managing your portfolio, Four Pillars has the answer with his sleeping pill portfolio. He gives us some trick in order to have a good portfolio and not panicking too much in times like now.

Carnivals:

Carnival of Personal Finance

Carnival of Money Hack

If you liked this article, you might want to sign up for my FULL RSS FEED. Then, you would get my daily post in your email and can read it at any time. To subscribe, please click HERE.

Here are the good read for this week:

Money Ning had a great idea of using Google Alert to get more coupons. I never thought of using Google alert for this purpose. It may become lucrative

Million Dollar Journey explains us why it is important to keep a good credit score and he is giving us some tips. Your credit score is definitely one of the very first thing you should take a look at when you are starting to manage your personal finance.

The Dividend Guy writes about 9 rules of risk management.  Investing on your own can be a great or catastrophic experience. By learning to manage your risk properly, you may live longer

DINKS is writing about The Economy.  I personally don’t know where we are heading right now with the Subprime’s, oil prices going crazy and the economic slow down. My only advice right now is to keep a few bucks aside and not making major purchases.

Finally, The Personal Financier is talking about how to save money by shopping your grocery online. I never did that thinking it would cost me more because of delivery charges. According to her, it could become an interesting frugal idea

Carnivals:

Carnival of Personal Finance

Festival of Frugality

Carnival of Money Stories

Carnival of Financial Planning

Carnival of Everything Finance

If you liked this article, you might want to sign up for my FULL RSS FEED. Then, you would get my daily post in your email and can read it at any time. To subscribe, please click HERE.

Here are the good read for this week:

American Consumer News wrote an interesting article on how to save money at the grocery store. With the price of oil going up every day, this is probably the place in my budget where it went up the most!

Debt Free is trying to explain the cause of the US humongous debt. I was happy to find out that the department of defense was not the most important expense in the US. Only the third one…. with 575… BILLIONS! WTF? I think Canada didn’t reach this amount even if we add the last 100 years expenses in the defense department!

Dual Income no Kids are writing about the difference between a second mortgage and a PMI (Private Mortgage Insurance). With my banker experience, I would say that it is easier (but much more expensive) to get a PMI. Second mortgage offered by financial institution will be more expensive than a first mortgage but still affordable

The Personal Financier offers a good reflexion on Privatization. Since I live in a province where several things are run by the government (education, health care, roads and transportation), we are tempted to believe that privatization would be the ultimate solution to our problems. After seeing Sicko, I changed my mind!

In a time where the stock market isn’t going so well. Some people are hiding behind good paying dividend stock. The Dividend Guy write about signs that will tell you when a company potentially drop its dividend.

Thicken My Wallet point out the fact that several people are dependent from a Blackberry and ask if those people should be paid to look over their emails after work hours? I think it is up to employees to set their own limit. On the other side, I don’t think an employer should expect them to work for free… unless the blackberry is given with a specific mandate. Then, it’s up to the employee to refuse

Carnivals:

Carnival of Personal Finance

Carnival of Careers

Carnival of Debt Reduction

Festival of Frugality

Carnival of Everything Finance

If you liked this article, you might want to sign up for my FULL RSS FEED. Then, you would get my daily post in your email and can read it at any time. To subscribe, please click HERE.

Money Ning wrote an interesting article about how much you really make when you save money. While saving money can be quite a pain, don’t forget that when you save a buck, it’s a buck after taxes and other contributions. Therefore, you are saving a lot more than a simple buck

Invest in India is telling us why Equity funds hold cash in their portfolio. The purpose of an equity funds is to be heavily invested in stocks so it can provide a good return. While liquidity is technically reducing the expected return of the portfolio, there are some reasons hidden behind fund managers investment strategies.

There is a great post about Risk management via insurance written by Brian Poncelet as a guest writer for Million Dollar Journey. While insurance is not my favorite topic, I must admit that there is a great deal of risk that can be reduced with insurance.

I found some funny pics from The Digerati Life who shows us what a market crash looks like. I recognized this kind of expression since I experienced the market crash feeling once… what a painful experience!

Mr. Cheap from Four Pillars wrote the a small guide about making $30 a month in passive income. With a title like that, it caught my attention right upfront! He also had the great idea of splitting them by poor/rich and no skills/skills categories.

The stock you are holding is decreasing its dividend? There are 3 ways to react to a dividend drop. The Dividend Guy is telling you what you could possibly do and why. I would personally re-evaluate the stock and find out why the company decided to decrease its dividend. Sometimes, you are better off sticking to your investment strategy!

Carnivals:

Carnival of Personal Finance

Carnival of Careers (Yipee! another Edtior’s Pick!)

Festival of Frugality

Carnival of Money Stories

If you liked this article, you might want to sign up for my FULL RSS FEED. Then, you would get my daily post in your email and can read it at any time. To subscribe, please click HERE.