Before we get into some weekend reading, there was a winner chosen for a free copy of Rich Dad's Increase Your Financial IQ. Out of the 65 comments received, AppleTree was randomly chosen as the winner! Congrats! Thanks to all who participated.
What are your thoughts of contests that require a bit more work than usual? Typically, I get the reader to leave a simple comment, but this one past required some reading and a bit of thinking. Judging by the low turnout, I'm assuming that most couldn't be bothered. However, the ones who do participate have a higher chance of winning.
Onto some great reading around the blog world:
- The Financial Blogger does his own RRSP vs TFSA battle analysis. His conclusion is that the TFSA wins. Ed Rempel had a similar conclusion in his article "TFSA vs RRSP: Clawbacks and Income Tax on Seniors"
- Thicken My Wallet, who did a guest post on The Lipson Case and The Smith Manoeuvre earlier this week, writes about how to increase your chances of obtaining a loan.
- Silicon Valley Blogger tells us to rent instead of buy, with anything!
- Canadian Capitalist tells us to invest in the employer matching RRSP program as it is free money. I agree that it's free money and probably the best way to get RRSP exposure for most, however, there is an inconvenience factor if you were to change jobs.
- Lazy Man and Money writes about how Bear Stearns was sold or $2.
- Super frugal Tim from Canadian Dream: Free at 45 writes about his day to day food intake. Reading about his frugality is truly inspiring and motivating.
- Generation X Finance has a very descriptive article about how a couple had to live in a camper after foreclosure.
- Money Smart Life says that managing your money is easier said than done.
- Mr. Cheap from Quest for Four Pillars writes about his "Crazy Experience" at an airport with one of the richest men in the world. No, not that kind of experience. ;)
- Brip Blap asks "why be rich?" I share in his point of view.
- Sun writes about $1000 gold!
- My Dollar Plan writes about an interesting concept called Investment Snow Flaking. It's basically where you contribute ANY bonus money into a savings or investment account (in addition to your regular savings). For example, if you saved $100 on an appliance purchase, instead of leaving that saved money in your spending account, transfer it to a savings/investment account.