June 2009

Some time ago a reader, Ben, asked for feedback on a strategy he is considering which he describes as a variant on the Smith Maneuver.  My hat is off to Fraser Smith as he has successfully attached his name to something that is a fairly general strategy based on not much more than the Canadian [...]

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[edit July 30 -  Toronto garbage strike over?  Dave Miller cave-in] As anyone who lives in Toronto knows – the City of Toronto outside worker are on strike, which of course means…no garbage pickup.  This may seem like a big deal but the city has set up some temporary garbage dropoffs so you can still [...]

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Online savings account interest rates are not very high these days.  It wasn’t long ago when you could get 4% or 5% on your savings which seems pretty good right now!  It’s very easy to dismiss rates that are as low as 1% or 2% but keep reading – I hope to show you that [...]

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The RESP Book: The Simple Guide to Registered Education Savings Plans

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Last week Not The Jet Set took the time to post a rebuttal to my “Is Dave Ramsey a Financial Expert?” post.  I think this is the first time someone has actually created a post based on one of my posts so I was quite flattered.  NTJS is clearly a big Dave Ramsey fan so [...]

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“Influence: The Psychology of Persuasion” is far and away the best sales / marketing book I’ve ever read. Truth be told, it’s close to the only sales / marketing book I’ve found to have been worth my time to read (off the top of my head the only other two I could name would be [...]

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On our recent visit to the zoo, we paid for the day with an Aeroplan gift card which I received from my sister.  Since I have more Aeroplan points to use up (I gave up my Aeroplan credit card a while ago) I thought I would go over some possibilities for converting the points to [...]

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I’m a big fan of Squawkfox and her blog. Although always entertaining, she’s not always right (alas, I seem to be the only one who can manage that). In a recent exchange I cited her wonderful article on debt as an example of something well-written that I enjoyed reading, even though I disagree with it. [...]

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This is a very exciting contest! WhereDoesAllMyMoneyGo.com, Canadian Capitalist and myself have teamed up and are holding a joint giveaway for one lucky recipient to receive a FREE driving school in an open-wheel race car courtesy of The Bridgestone Racing Academy! You can learn more about the exact prize by clicking here: A Thrill Of [...]

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Welcome to the “Four Pillars” edition of the Carnival of Debt Reduction – lots of good debt reduction articles along with a few other financial posts. The Four Pillars of Mike’s kitchen floor (aka the “editor’s picks”) Jeff Rose presents Should I Do a Debt Consolidation Loan? posted at Jeff Rose. The Canadian Finance Blog [...]

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Freegans

by Mr. Cheap Email This Article Email This Article

I’ve written in the past about people like Charles Long and Don Schrader who make me seem like I should be called Mr. Spendthrift, not Mr. Cheap.  An entire group who also makes me look like I’m throwing money around like a drunken sailor are the Freegans.  At our recent get together, neither Preet nor [...]

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The “debt snowball” method of debt repayment was popularized by “financial expert” Dave Ramsey.  The method was created for people who are having trouble paying off their debts and need some more motivation and a different strategy.  The basic idea of the snowball method is to pay off your loans in order from the smallest [...]

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Update – Feb 7, 2011 – Legislation to add extra weeks for 99ers Democratic Reps. Barbara Lee (Calif.) and Bobby Scott (Va.) are reintroducing legislation this week to provide additional weeks of unemployment insurance benefits for “99ers,” Main article In 2009, the 2009 stimulus package was created by President Obama and provided extra funding for [...]

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Saturday night I had the pleasure of meeting Preet from Where Does All My Money Go -  he and Mr. Cheap came over for some Thai food and a few beers.  It was a lot of fun and hopefully we’ll do it again soon. Top referrers and stats May was a pretty big month for [...]

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Ok, my combined title is a bit misleading.  Today is the first day that analog tv signals no longer exist and you have to have some sort of cable, satellite or digital box in order to watch television.  I have no idea who this change might affect since I suspect most people already use digital [...]

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I enjoy blogging. Twice each week, I have the chance to spend a bit of time articulating my position on a financial topic, then get a variety of smart people to respond with their $0.02 on the subject. Sometimes there will be a bit of back and forth on the day of the posting (or [...]

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The largest auto company in Britain at one time was called the Leyland Motor Corporation which eventually became British Leyland after being nationalised. In 1986 it became Rover Group. It started in 1896 as the Lancashire Steam Motor Company in the town of Leyland and became Leyland Motors in 1907. The company was quite successful [...]

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The RESP Book: The Simple Guide to Registered Education Savings Plans

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The Canadian Capitalist recently highlighted two terrific Vanity Fair articles about Bernie Madoff.  For those who weren’t watching CNN or reading papers in December 2008, Mr. Madoff operated an “asset management business” (hedge fund) that was actually the largest ponzi scheme of all time. He took massive amounts of money from rich people, famous people [...]

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The RESP Book: The Simple Guide to Registered Education Savings Plans

Everything you need to know about RESPs.

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Blog Showcase – Weakonomics I haven’t featured any individual blogs in quite a while but I’ve been reading Weakonomics for a while and I have to say that I’m really impressed by this blog.  The author (Phil) is smart, creative, funny and undoubtedly good looking.  In other words – the complete opposite to anything you’ll [...]

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The RESP Book: The Simple Guide to Registered Education Savings Plans

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The 2009 stimulus package signed by president Obama contains quite a few financial stimulus for many different parts of the population.  Infrastructure spending, tax cuts make up most of the bill but one of the key aspects to the package is a special cash payment.  This won’t be like the general stimulus check of last [...]

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The RESP Book: The Simple Guide to Registered Education Savings Plans

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Everyone knows what credit cards are…unfortunately some of us know all too well how hard it can be to pay off the balances.  Once you get in the habit of only making the minimum balance on your credit card balance then it is very difficult to lower the debt because the interest rates are so [...]

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The RESP Book: The Simple Guide to Registered Education Savings Plans

Everything you need to know about RESPs.

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