Weekend Reading – Money and Happiness, Guilt-free Spending, Tax Bracket, Group RRSP and HBP, and more!

Just a quick reminder that The Successful Investor Newsletter deal is ending very soon. We have negotiated the best price on the web for one of the best performing stock newsletters in Canada. More details here.

Does more money buy more happiness? Or, is there a saturation point and/or diminishing returns? The Blunt Bean Counter offered his take through the post: How Much Money Does it Take to Make You Happy?

Financial incompatibility is a leading cause of marriage breakdowns. Discussing about life goals prior to tying the knot is a sound plan. However, it is never too late to address issues; Sustainable Personal Finance shared tips on How to Discuss Money Differences Without Fighting.

Planning at least mitigates the impact of most catastrophes, even if it does not eliminate sorrow. On the flip side, planning can maximize joy. Michael James on Money touched upon the subject through his post: Guilt-Free Spending Through Planning.

A decision’s success is governed, among other factors, by the correctness of the information that forms the foundation used to weigh the pros and the cons. The investment world is no different as Canadian Couch Potato showed How Bad Data Leads to Poor Investment Decisions.

Recognizing one’s limitations will go a long way in personal improvement and helping build a safe future. Failure on this front can lead people to a downward spiral easily. Along that line, My Own Advisor explained how We Can’t Afford It Remains Taboo.

Figuring out one’s tax bracket may be a task left to the accountant by many people. If you are an individual wanting to learn, the Canadian Personal Finance Blog‘s post What is My Tax Bracket? will help you.

Making charitable donations is a noble exercise that offers support to the less unfortunate people of this world. The government encourages residents on this front by providing tax benefits. Financial Highway showed readers the way to Getting the most from your charitable donations.

Playing a positive role in your child’s future success through support for their education will be appreciated by the child in their later years. Balance Junkie showed readers How to Start Saving for Your Child’s Education.

People who have a Group RRSP at their employer can consider themselves blessed. In addition, if the plan offers low-cost investment options, then the deal is sweeter. As with a self-directed RRSP, the Group RRSP can also be used to buy a house. The Retire Happy blog wrote about Three Advantages of Using Your Group RRSP to save for HBP.

The modern-world inhabitant seems to be starved of time. An honest self-appraisal can reveal if it is poor time management or whether there is an overload beyond one’s capabilities or a bit of both. Boomer & Echo touched upon this subject through the post: Where Do You Find The Time?

With all the talk about air mile points recently, Stephen Weyman discusses what an AEROPLAN mile is really worth.


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FT is the founder and editor of Million Dollar Journey (est. 2006). Through various financial strategies outlined on this site, he grew his net worth from $200,000 in 2006 to $1,000,000 by 2014. You can read more about him here.
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My Own Advisor
6 years ago

Thanks for the mention FT! I get looks like a two-headed monster when I say “we can’t afford it” or “it’s not in our budget now”. Some people don’t understand that when I need credit to buy something it means I don’t have enough money.
Maybe I’m the only one who buy can’t everything they want?!


Stephen Weyman
6 years ago

Thanks for linking to my Aeroplan article FT. There’s been a lot of Aeroplan naysayers lately, and for good reason. That said, the points are still very valuable and I still take advantage of them even if they can be frustrating to use sometimes.

Big Cajun Man (aw)
6 years ago

Thanks for the mention, if you leave all your financial information to your accountant, you might end up surprised with the results. It never hurts to “know too much”. Enjoy the weekend.

Michael James
6 years ago

Thanks for the mention, FT. I felt good about that post, but I think most of my readers have figured out saving and are focused more on investing. I consider this post a note to my sons.