July 26, 2008, 6:00 am

Financial Ramblings

by: The Financial Blogger    Category: Financial Rambling
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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 πŸ˜‰

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 πŸ˜€ 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 πŸ˜‰

 

Carnivals:

Carnival of Money Stories

 

Money Hacks Carnival

 

Carnival of Personal Finance

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Comments

Thanks for the link! I’m glad you enjoyed the post.

Mike

Thank you so much for the mention! πŸ™‚






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