As I mentioned recently, I bought a flat screen tv. I also picked up a articulating wall mount, which allows the tv to be moved around. I needed it because I wanted to put the tv in a corner. It ended up being a minor construction project since the plate which you attach to the wall was too short to cross two studs. I built a frame which you can see in the picture. It was a bit of work, but after it was done – attaching the tv mount and tv was a piece of cake. Of course I had to do one extra Home Depot run to buy attaching bolts. The ones that came with the mount were for a concrete wall. Who has concrete walls?
On with the links
- Larry MacDonald wrote an excellent article on RESPs for Canadian Business called “Ins and outs of RESPs”. He includes quotes from quite a few bloggers, including myself.
- Do Not Wait came up with a list of money books which would make good Christmas gifts. Guess which RESP book made the list?
- One of my favourite writers – James Daw of the Toronto Star retired – here are his final words of advice.
- This lady hasn’t paid her mortgage in 25 years and has successfully fought off foreclosure. This is crazy – it’s like a renter who doesn’t pay the rent for 25 years because the landlord won’t replace a lightbulb.
- Investor Junkie wrote a great post called You’re still an idiot even after college. You can get a degree and still be stupid.
- John Heinzl analyses the new BMO market-linked GIC that has only one winner – BMO.
- Angela Self came up with some scenarios where you shouldn’t save for retirement.
- The Star reports that CSI (Canadian Securities Institute) won’t help subsidize high school kids who want to take the CSC. While I don’t think it should be up to a private company to subsidize public education, is it not possible for a school board to work out a deal for a group discount? Or better yet – develop your own curriculum – they can hire me to help with this endeavor.
- Canadian Capitalist lists some 2010 Christmas gift ideas for finance enthusiasts
- Jim Yih takes a look at the Canada Pension Plan debate. I agree with Jim, the CPP is in good shape. Leave it alone.
- Ever wanted to write a novel? Run a marathon? Build a house? John Scalzi says to get going on it or don’t bother.
- Interesting look at Niagra Falls, the bad. A tale of two cities.
- Larry Swedroe says that active managers are lagging their benchmarks. What else is new?
- Malcom Gladwell said that successful hockey players have their birthdays early in the year. Frances Woolley proves that birthdate doesn’t matter.
- Have you heard of the Twinkie diet? Apparently it works.
- I used to have fancy sports car with a really loud stereo, that I kept clean as a whistle. But as Peter Cheney writes – you can have a nice car or kids – but not both.
- Back in the good old days, people used to write letters in two directions to save paper. Check out the neat picture.
- The Oblivious Investor says that Ally Bank had a hissy fit over one of his posts.
- Canadian Personal Finance Blog says that splurging to reward yourself is dumb.
- Preet says that we are emerging from a Mancession.
- Michael James says we should be giving used toys. I agree, but the logistics make it too hard.
- Larry MacDonald came up with four alternatives to RESPs. Some interesting ideas.
- Million Dollar Journey is 4 years old and hosting a great contest.
A few American links
- It’s Not Too Late to Claim Energy Efficient Home Improvement Tax Credits – Some home improvements can net you a tax break but you have to hurry in order to save on your 2010 taxes.
- How to Get Costco Membership at a Discount – Should you become a Costco member? If yes, here are ways to get membership at a discounted price if you wish to join the club.
- Annuity Payouts: Why are they higher than bond rates?
- Don’t Storm The Fortress to Get A Job With post-recession unemployment figures the worst since World War 2, some job hunters are tempted to become more brazen in their attempts to find full time employment, but storming a fortress isn’t the best way to impress most employers.
- To Pay Off Debt or Save? That is the Question Frugal Dad attempts to resolve the age-old argument between savers and debt slayers.
- Comparing Index Funds and Mutual Funds. Do you know the difference between index funds and mutual funds?
- Increase Social Security Benefits. There are a few ways to easily increase your Social Security Benefits.
- 3 Weekend Jobs that Pay $50 an Hour or More
- How to Review and Improve Your Auto Insurance Policy – The step-by-step guide to a more affordable auto insurance policy.
- What is an HSA health plan? – A look at the popular health savings account (HSA) that offers a nice tax benefit.
- Five Year-End Financial Moves to Make Today – Why wait for the new year to get started on your financial resolutions? Make a few key moves today and save big next year.
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.