Weekend Reading – Bad products, financial goals, $3.5 million and $2 cars, and more

Welcome to some Weekend Reading – some August Long Weekend Reading at that.  Here are the articles I shared this week:

Balancing YOLO (You Only Live Once) and Saving for Tomorrow

An overview of the Canada Child Benefit (CCB) program.

Have a great, safe weekend and see you next week.

Here’s a good summary of mortgage life insurance – and why it’s a bad product.

A reminder to please vote for yours truly at the Plutus Awards!

Dallas Cowboys running back Alfred Morris just signed a $3.5 million dollar deal, but drives a car he bought for $2.  He calls it “Bentley”.

Rob Carrick said the only way to fail proof your financial goals is to save more money.  Spending less is a consideration as well.  Working longer is yet another.

Million Dollar Journey listed some dividend kings.  I also own a few companies in this list.

BlackRock warned investors expect lower returns for your financial future.

Michael James on Money believes banks aren’t always the investing experts.

Preet Banerjee provided an overview of the Canada Child Benefit (CCB) program.  He shared much more math than I did…

Roadmap2Retire shared an experience at a car dealership recently – highlighting it’s important to read between the lines.  I liked his summary:  “Taking things at face value can be an expensive endeavor, and a healthy dose of skepticism is always warranted.”

Big Cajun Man wrote about inflation in June.

YOLO?  I already wrote about it this week and How To Save Money did too.

Boomer and Echo is getting rid of his $825 monthly car payment to fill up his TFSA over the next decade.  Good plan.

 

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12 Responses to "Weekend Reading – Bad products, financial goals, $3.5 million and $2 cars, and more"

    1. Nice details on inflation cost. As mentioned on your site, the actual rise in prices for the average person is much higher than the gov’t 2.1%. What do most people spent money on during the year, not the items which might have gone down. The big ticket items might go up 3% or 4% but the dollar amount represents more than the amounts spent on other items.

      Dividend income and div growth has more than kept ahead of my annual inflation increases.

      Reply
  1. It’s true that mortgage life insurance is usually a bad product. It’s also true that most other forms of insurance are bad products as well. Insurance is a minefield. Thanks for the mention.

    Reply
  2. Very agree with Carrick and BlackRock (the latter for different reasons).
    (note: the BlackRock link leads to your YOLO article. The correct link?:
    http://www.theglobeandmail.com/globe-investor/investment-ideas/blackrock-expect-lower-returns-for-pretty-much-everything-over-the-next-5-years/article31096534/ )

    re: Inflation — most of us would do well to completely ignore the CPI, in all its junky iterations, and compile our own personal inflation rate. I think reality would shock (or not) most people.

    Reply

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