Weekend Reading – RRSPs for trips, Peter Hodson podcast and great blogs

Leading off this Weekend Reading list, I was surprised to learn recently that 6% of Canadians have taken money out of their RRSPs to fund a trip.  Really?  Hard to believe some folks are using a retirement account to take a vacation but I suppose it’s much better to do that than to get into major debt because of the trip.

On the theme of money not well spent, Preet Banerjee posted podcast # 12 recently where Peter Hodson, Editor of Canadian Money Saver magazine and former Chairman of Sprott Asset Management left a million dollar job on Bay Street because he couldn’t take some of the financial industry shenanigans anymore.  Take a few minutes to listen to this podcast.  Peter was very candid with his answers thanks to Preet’s questions.

Enjoy these great articles and your weekend!

Retire Happy offered some ways to simplify your finances.

Boomer & Echo wrote about why we save.

The Blunt Bean Counter questioned whether folks are using their RRSP wisely.

Modest Money has a generous December giveaway underway.

I found an interesting Fiscal Cliff calculator.   For my friends in the United States – find out what it means for you here.

Avrex Money provided some details about Canadian REIT ETFs.

Million Dollar Journey inched closer to his net worth goal.

Canadian Dream Free at 45 wrote good habits are more important than goals.

Don’t forget about Dividend Ninja’s giveaway, a copy of Cash Cows, Pigs and Jackpots.

Tom Bradley said Mr. Market looks ahead.

Freedom 35 shared his net worth update.

Ellen Roseman said there is power in social media to resolve customer service issues.

Excess Returns wondered if a stock repurchase is better than a dividend payment.

Andrew Hallam thinks toddlers can predict the future better than most adult investors.

Michael James on Money said rational thinking will serve you well when it comes to investing.

SPF had an interesting post about cloth versus plastic bags.

Brighter Life listed some hot and not-so-hot jobs in Canada.

Finance Fox is celebrating his second year blogiversary – check out the great prizes you can win for being a fan.

Big Cajun Man mentioned December can mean year-end financial planning.

Susan Brunner reviewed another stock I own this week.

Canadian Capitalist highlighted some of his favourite articles about and from Warren Buffett.

The Passive Income Earner shared why it pays to compare mortgage rates.

Simply Investing was kind enough to highlight yours truly in his best of the best.

Mark Seed is the founder, editor and owner of My Own Advisor. As my own financial advisor, I've grown our portfolio from $100,000 to well over $500,000. Our next big goal is to own a $1 million investment portfolio for an early retirement. Come follow my saving and investing journey by subscribing to my site. Delivered by Subscribe Here to My Own Advisor

14 Responses to "Weekend Reading – RRSPs for trips, Peter Hodson podcast and great blogs"

  1. That is quite a surprise about how many people take money out of their RRSPs. Now that we have the TFSA, I think it would make more sense to liquidate that before RRSPs, unless the person isn’t making income anymore. Thanks for the mention 😀 Enjoy the weekend.


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