One of the links below discusses how expensive houses are. I like my house, but when I think of all the money we have to put into the basement (it’s a complete disaster down there) and a new garage, it is a bit discouraging.
We’re going to be mortgage-free next year and while I had hoped that might open up some different career options, in reality I think the fixes we need to do to the house will just be another form of a mortgage for the next several years. Oh well – as they say on Twitter – #FirstWorldProblems
On a more positive note – I have finished the 2nd edition of The RESP Book. I hired an editor to check for grammar and typos and then I will do the formatting necessary for the printer. So my goal of a September release is still possible.
On with the links
The Wealthy Canadian (a brand new Canadian personal finance blog) breaks down his investment portfolio by sector. Go check it out and subscribe!
My University Money wrote a funny inside look at financial literary programs for high school students. Worth a read.
Scott Ronalds from Steadyhand reviews the ironically named “Manulife Simplicity Balanced Portfolio” fund. Simple it ain’t!
Michael James explains how you can lose money on a leveraged ETF regardless of how the market performs.
My friend Ruth talks about her Mom who passed away one year ago. A great tribute.
Blunt Bean Counter discusses some of the pros and cons of buying vacation property in the United States.
Canadian Business had a great article about why renting a house is better than buying. I like owning a house, but when I think of all the work involved and the huge sums of money we need to fix up our basement and garage, I have to question why we are doing this.
Financial Uproar makes a great case as to why professional athletes are not overpaid.
Jim Yih wrote a very good article about the new PRPPs and how they should look.
The Oblivious Investor questions whether an emergency fund is essential for everyone. Some good points.
Today’s Economy blog discusses the “Grand Experiment” taking place in a country near you.
Boomer & Echo came up with several ways to save inside your TFSA.
Million Dollar Journey talks about getting pre-approved for a mortgage.
Want to learn more about RESPs? Buy The Book:
The RESP Book: The Simple Guide to Registered Education Savings Plans
Everything you need to know about RESPs.