The Long Road to Financial Independence

A week in review: Edition #14

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by mfd on September 4, 2009

Another week has passed and this time I covered some money saving tips from a teacher (my wife). We also had another increase in our net worth for the month of August. Finally I ask people to take a closer look at the extended warranties being offered instead of blindly turning them down.

Carnivals

This week I was an editor’s pick at The Canadian Finance Blog who hosted Carnival of Pecuniary Delights #22 – UFC Edition

Modern Graham hosted Festival of Stocks #156

The Canadian Finance Blog also hosted Festival of Frugality #193 – G.I. Joe Edition

Automatic Finances hosted Money Hacks Carnival #80

Stretchy Dollar hosted Carnival of Personal Finance - History of College Football Edition

Around the Blogosphere

Thicken My Wallet points out that you need more then just a will to settle your estate.

The Canadian Finance Blog looked at where to find other sources of income.

Money Energy asks if this is a good time for Canadians to invest in UK dividend stocks

Dividends Value reminds us to never fall in love with a stock.

Financial Highway covers 11 dumb ways to get into debt.

Million Dollar Journey talks about converting your principal residence to a rental property.

-mfd-

Hey! Give That Extended Warranty A Second Thought

September 3, 2009

It’s quite common in the personal finance community to be “hating” on the extended warranties. Some of the main points people make about warranties are the “warranty costs more then the item” and “if it breaks it will do it within the first 6 months and will be covered under standard warranty”. Now I don’t [...]

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Net Worth Update - August 2009

September 1, 2009

Another increase in August which is good. It seems we are still trying to get our footing back on some solid ground after the wedding. We manage to put some cash into savings. At first glance it may look like we took a big hit in savings but that’s because we put a large lump [...]

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9 Money Saving Tips From The Teacher

August 31, 2009

Kids are almost back to school and some may already be back and parents are looking to save some money . I’ve enlisted the help of a teacher (my wife) to get the inside scoop on how parents can save. Here’s what she came up with:

Say no to binders: Don’t get your child those [...]

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A Week in Review: Edition #13 - My Money Tree Is Back

August 28, 2009

This week I looked at whether price wars make for a good investment. I also had some follow up thoughts on the funemployed and how it will lead to the fall of society as we know it. I know its a bit dramatic but its how I feel about these sort of things. Finally [...]

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The “If” Trap Of Investing

August 27, 2009

Ever hear the saying “hindsight is 20 20″? Its gets used across all aspects of life and especially in the investment world. People have a tendency to simplify the gains to be made from investing after the fact. After a 40% drop in stock value everyone can sit there and say it was obvious that [...]

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Funemployed - The End Of Society?

August 25, 2009

Last week I wrote about being funemployed and some considerations before pursuing that route. Now I want to discuss a far more sinister issue, the impact to employment insurance.
Whats the beef ?
Unemployment Insurance is a social program established in order to help people who have lost their job and not a means to [...]

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Price Wars: A Good Investment ?

August 24, 2009

A few weeks back the grocery chain Loblaws announced it was cutting prices across the board. As a customer I’m ecstatic because I frequent Loblaws for my grocery needs. What a win situation for me. However with every winner there has to be a loser and who could that be? Unfortunately price cuts lead to [...]

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Understanding Same Store Sales

August 19, 2009

Some of the hot stocks this past year have been McDonald’s and Wal-mart. Both seemed to buck the trend when everyone else was losing money. Generally speaking revenue is an important figure when performing an analysis on a company like Wal-mart or McDonald’s. However when dealing with retailers there is an equally important figure that [...]

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Be Funemployed - Could You Do It?

August 18, 2009

Funemeployed is a term that I heard a few months back. Its based on the simple premise if you lose your job rather than finding a new one you spend your time doing activities you enjoy. You take your severance, savings and unemployment benefits and you take a very long weekend off. People golf, sail, [...]

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How Much Should You Spend When You Travel?

August 17, 2009

Ah traveling is always a debatable topic amongst the frugal and personal finance enthusiasts. Travel abroad or stay local? Nice hotel or cheap hostel? Eat out or picnic? Pay for entertainment or look for free alternatives? These are all questions that people try to find the answers to when they travel. Now the key to [...]

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