The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

Carrick Best Reads

Rob Carrick pulls together the best personal finance ideas of the week

Entry archive:

Carrick best reads: Meet a happy, rich renter

ROB CARRICK

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Meet a happy, rich renter
An exceedingly rational analysis by a young personal finance blogger of the idea of buying a house in today’s expensive market. Well done. Note the mild profanity.

More »

Carrick best reads: Motivational quotes for slacker savers

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Motivational quotes for slacker savers
The quotes listed here are drawn from a good selection of books on the topic of retirement.

Why don’t you make more money, mom and dad?
How to answer tricky money questions from kids.

More »

Carrick best reads: Canada Day edition: Bucks for Canucks

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Presenting a list of personal finance hubs aimed squarely at Canadians:

Financial Consumer Agency of Canada

GetSmarterAboutMoney.ca

The Globe and Mail personal finance page

More »

Carrick best reads: It’s taboo to say you can’t afford something

ROB CARRICK

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Nobody really wants you to save money
This astute comment is found in a blog post about how it’s taboo to say you can’t afford something.

Top loyalty programs at Canadian hotel chains
Put together by the RewardsCanada website.

More »

Carrick best reads: Help, my parents are money morons

ROB CARRICK

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Help, my parents are money morons
Tips on working with parents who never saved or spend too much.

How to organize your fridge
This video offers some tips on what to put where so as to maximize freshness. Never put your milk in the fridge door.

More »

Carrick best reads: Sorry, no house for you

ROB CARRICK

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Sorry, no house for you
Here’s a quick and dirty calculator to see what you can afford based on your household income in Vancouver, Calgary, Edmonton, Toronto, Ottawa and Montreal. The median household income of about $75,000 gets you only a condo is most of these cities, and nothing at all in Vancouver.

More »

Carrick best reads: Embarrassed by the size of your RRSP?

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Embarrassed by the size of your RRSP?
One-third of Americans who participated in a survey said they’d be embarrassed to have close friends or family see their retirement savings, chequing account balance or credit score. Millenials were the most self-conscious about their finances.

More »

Carrick best reads: The cheapest time of day to book a flight

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

The cheapest time of day to book a flight
And, the most expensive time.

It’s time for female-only financial education
Women live longer and earn less on average, plus they can lag men in knowledge of financial matter. All of this explains the case made here for financial education targeted especially for women.

More »

Carrick best reads: Is Poloz really that calm about housing?

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Is Stephen Poloz really that calm about housing?
The Bank of Canada governor has been saying soothing things about the housing market. A Canadian Business columnist asks if he really believes what he’s saying, or is he just trying not to freak people out?

More »

Carrick best reads: Starbucks is never a waste of money

ROB CARRICK

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Starbucks is never a waste of money
A personal finance blogger – and certified financial planner – mocks the standard advice that cutting out spending on coffee will put you on the road to wealth. I agree.

More »

Carrick best reads: Money lessons my dad taught me

ROB CARRICK

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Money lessons my dad taught me
To mark Father’s Day, a blogger lists the top three lessons about money that were passed along by his father.

How bonds beat stocks for retirees
An investing writer says that if you want to make the most money, you should invest in stocks. But if you want to keep the money you made in stocks, you should invest in bonds.

More »

Carrick best reads: Is Disney still an affordable vacation?

ROB CARRICK

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Is Disney still an affordable vacation?
The Washington Post on how rising theme park prices have left the middle class behind.

These are the biggest investing mistakes
Performance-chasing, obliviousness to fees and more.

More »

Carrick best reads: Eighteen ways to save $100 this week

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Eighteen ways to save $100 this week
A good suggestion you’ll find here is to save all your change from cash purchases in a jar. I do this and probably save close to $1,000 per year.

More »

Carrick best reads: Netflix and video games for this early retiree

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Netflix and video games for this early retiree
He’s 33, he’s retired and he’s a man of leisure. Here’s a detailed look at what he does every day.

Eight reasons your retirement calculations might be off
And now to a more traditional retirement. There’s a U.S. tilt to this list, but still worth reading for insights on the financial reality of living in retirement.

More »

Carrick best reads: How to eat your way to a long life

ROB CARRICK

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

How to eat your way to a long life
National Geographic travelled the world to find out what the longest-lived people in the world eat.

The wrong place and time to talk about money
Feeling emotional? Upset? Bummed out? That’s the wrong time to have a conversation about money, this perceptive New York Times article says.

More »

Carrick best reads: How money can improve your sex life

ROB CARRICK

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

How money can improve your sex life
Time reports on a survey showing that couples who report more trust and less conflict about money rate their sex lives higher.

The best credit card for Air Miles collectors
The Million Dollar Journey blog picks ….

More »

Carrick best reads: Men, your wife is a better retirement planner

ROB CARRICK

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Men, your wife is a better retirement planner
There’s evidence that women are more patient and far-sighted when making money decisions. They also have more at stake, given that they are likely to outlive their spouses.

More »

Carrick best reads: Meet Canada’s millionaire financial blogger

ROB CARRICK

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Meet Canada’s millionaire financial blogger
He goes by the name FrugalTrader and he writes the Million Dollar Journey blog. Here’s a Forbes story about FT, his wife and their drive to get out of debt and build wealth.

More »

Carrick best reads: Paycheques of the rich and famous

ROB CARRICK

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Paycheques of the rich and famous
An economist created this data on how much money the richest 1 per cent make in 25 countries, including Canada.

All about how the 1 per cent sometimes direct their charitable donations to institutions that serve the wealthy and privileged. The example used here is Harvard.

More »

Carrick best reads: These should be your financial goals

ROB CARRICK

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

These should be your financial goals
This list of good financial goals for everyone includes a mix of the obvious – get out of debt – and more subtle ideas like charitable giving and not being addicted to accumulating “stuff.”

More »

Carrick best reads: What we can learn from insanely rich parents

ROB CARRICK

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

What we can learn from insanely rich parents
A look at the parenting habits of the wealthy parents of New York.

The most flexible travel reward cards
The RewardsCanada website offers this list of the travel reward credit cards with the most flexible points programs. I interviewed RewardsCanada’s Patrick Sojka for this recent column on travel reward cards.

More »

Carrick best reads: Party for three-year-old costs $50,000

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Party for three-year-old costs $50,000
That’s $50,000 Australian dollars spent by parents on a party for their three-year-old daughter. To summarize the Disney-themed festivities, the child’s name was lit up in giant lettering, and she enjoyed a fairy floss station, face painter, balloon artist, photo booth, roving entertainment and a children’s high-tea.

More »

Carrick best reads: The delinquent senior – booze, drugs and crime

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

The delinquent seniors - booze, drugs and crime
The sense of isolation and depression that some retirees feel can contribute to alcohol and drug abuse.

Young men still commit a disproportionate share of crimes in most countries. But crime rates among the elderly are rising in Britain and other European and Asian nations, adding a worrisome new dimension to the problem of aging populations.

More »

Carrick best reads: Slow down, young home buyer

Roma Luciw

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Slow down, young home buyer
A mutual fund industry exec blogs about the drive some young adults feel to get into the housing market.

Here’s another example of some sane thinking on home ownership from an investment industry person. People often reject this type of analysis by saying that investment industry people have a natural bias toward having people buy their products and services instead of a home. But home owners have their own biases, which are based on being lucky enough to have owned during a long price run-up fueled by falling interest rates. In any case, investment industry people know that all financial assets go through cycles of rising and falling prices. That’s a message home owners and buyers need to understand.

More »

Carrick best reads: Workers around the world will never retire

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

The world will never retire
A look at global retirement saving challenges in a global context. Plenty of countries are struggling with this issue.

Risk averse? Kiss retirement goodbye
Making the case that complete avoidance of risk is a counter-productive investing behavior that could leave you short on retirement savings.

More »

Carrick best reads: 'I’ll get out before stocks crash'

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

“I’ll get out before stocks crash”
That’s the Number Seven entry in this list of seven lies investors tell themselves. Well worth reading after the sort of long run-up in stocks that makes everyone feel smart about investing.

More »

Carrick best reads: A trip to the home town of Warren Buffett

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

The world of Warren Buffett
A reporter goes to Omaha, Neb., to examine the world inhabited by the investing giant.

Credit card rewards? Just give me cash, Jack
The GreedyRates.ca website offers its ranking of best cash back credit cards for 2015.

More »

Carrick on money: The secret lives of house poor Canadians

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

The secret lives of house poor Canadians
CBC reports on a family that found the price of buying their dream home is a daily struggle in making ends meet.

The finance industry’s embarrassing secrets
A blogger compiles a thorough list of things people in finance don’t want you to know.

More »

Carrick best reads: Thirteen surprises for first-time home buyers

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Thirteen surprises for first-time home buyers
The gist of this humorous list is that while you may think you own your home, your home actually owns you.

Financial quotes to live by
Thoughts from Thomas Edison, Ben Franklin and others.

More »

Carrick best reads: The ultimate Canada-U.S. price smackdown

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

The ultimate Canada-U.S. price smackdown
This infographic compares the cost of housing, cellphone plans and lots more in Canada and the United States.

There’s no wrong way to pay off debt
A review of some different strategies for paying off debt, including the debt avalanche and the debt snowball.

More »

Carrick best reads: Stop overspending on home renovations

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Stop over-spending on home renovations
Spending too much on renos is one of the four top financial mistakes that homeowners make, according to this blog post.

Cash back beats travel rewards
That’s a blogger’s take on the best reward credit card to have.

More »

Carrick best reads: Ten ways recent grads waste money

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Ten ways recent grads waste money
A useful list for young adults who graduated from college or university in the past month or so.

War of the worlds
A portfolio manager looks at two exchange-traded funds that help investors get exposure to stocks outside Canada.

More »

Carrick best reads: This simple financial quiz stumped the masses

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

This simple financial quiz stumped the masses
Here’s a simple three-question finance quiz. Take it and then see how you compare to the Americans, Russians, Germans and other nationalities who took it.

More »

Carrick best reads: Prepare for higher mortgage rates

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Prepare for higher mortgage rates
Veteran economist Sherry Cooper looks at whether mortgage rates could rise as a result of recent events in the bond market. Bond yields play a big role in determining mortgage rates.

More »

Carrick best reads: I’m perfectly happy renting

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

I’m perfectly happy renting
A blogger’s preference for renting instead of buying is outlined here.

Living on $1,500 a month
The plan for this blogger is to save at least 50 per cent of take-home pay. That means living on $1,500 (U.S.) a month.

More »

Carrick best reads: Young people should own stocks, not a house

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Young people should own stocks, not a house
Investment industry veteran Joe Canavan offers this advice to millennials: Rent and invest now, then buy a house later in life.

More »

Carrick best reads: How investing beats paying down the mortgage

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

How investing beats paying down the mortgage
A blogger writes a rebuttal to a recent Carrick Best Reads item that made a case for paying off a mortgage instead of investing.

More »

Carrick best reads: Turning the family home into a rental property

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Turning the family home into a rental property
A look at whether it makes sense to rent out the family home when it’s time to downsize instead of selling it. The benefit is that you have a source of investment income.

More »

Carrick best reads: Financial fraudsters love middle-aged men

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Financial fraudsters love middle-aged men
A new report from the International Organization of Securities Commissions finds that most fraud victims are “overconfident educated middle-aged males.”

More »

Carrick best reads: Four things to know about retiring abroad

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Four things to know about retiring abroad
An American who spends his retirement travelling around the world lists four things he wishes he’d known before he got started.

More »

Carrick on money: This common retirement assumption is flat wrong

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

This common retirement assumption is flat wrong
The Carrick Best Reads blog has carried several items recently that call into question the idea that people will be able to work longer to cover a retirement saving shortfall. Here are details of a U.S. survey showing that half of retirees reported leaving the workforce unexpectedly.

More »

Carrick best reads: He’s a victim of his family’s wealth

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

He’s a victim of his family’s wealth
The term affluenza was coined by a psychologist to describe the background of a 16-year-old from a well-to-do family who was involved in a hideous car accident that left four people dead. The psychologist said the young man had grown up without repercussions for bad behavior.

More »

Carrick best reads: I secretly lived in my office for 500 days

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

I secretly lived in my office for 500 days
Unable to pay rent in Los Angeles, this man lived in his office. He prefers the phrase home-free to homeless.

The great TFSA debate
A blogger summarizes the arguments in favour of and against raising the annual contribution limit on the tax-free savings account to $10,000 from $5,500.

More »

Carrick best reads: How to make flying a little less disgusting

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

How to make flying a little less disgusting
Tickets prices are heading north and the experience of flying is heading south. Here are some great suggestions on how to make the experience better.

More »

Carrick best reads: It’s time to scrap the seniors’ discount

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

It’s time to scrap the seniors’ discount
Cut rate movie tickets are fine – the problem discussed here is giving seniors a break on property tax and bus pass discounts.

More »

Carrick best reads: Why paying off a mortgage beats investing

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Why paying off a mortgage beats investing
A blogger explains how he paid off his mortgage, and why he thinks it was a better use of his money than investing.

The case for paying down debt ahead of investing is also made here. The rationale: Debt repayment is a guaranteed return on your money.

More »

Carrick best reads: Five ways renters are smarter than owners

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Five ways renters are smarter than owners
This list won’t likely convince hardcore believers in home ownership, but it’s a fun read.

Ten financial tips for newlyweds
A newly married blogger offers his take on how spouses can get their finances in order.

More »

Carrick best reads: Don’t get attached to the new TFSA limit

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Don’t get attached to the new TFSA limit
This article notes that Liberal leader Justin Trudeau says he would roll the TFSA contribution limit back to $5,500 if he wins the next federal election, expected this fall. It’s quite unlikely the move would be retroactive, so this year’s use of the current $10,000 limit should be fine.

More »

Carrick best reads: The worst retirement plan ever

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

The worst retirement plan ever
It’s working longer to make up for a saving shortfall. “Problem is,” this Bloomberg story says, “health and employers don’t always co-operate.”

More »

Carrick best reads: No one understands old but old people

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

No one understands old but old people
That’s a quote from an elderly man in this Atlantic article about how much tougher the challenges of aging are for lower-income seniors.

More »

About the writer

Products
  • The Globe and Mail Newspaper

    Newspaper delivered to your doorstep. subscribe

  • Globe Unlimited

    Digital all access pass across devices. subscribe

  • The Globe and Mail App

    The New Globe and Mail App for iPhone®, iPad® and Apple Watch download

  • Globe2Go

    The digital replica of our newspaper. subscribe

  • Globe eBooks

    A collection of articles by the Globe. subscribe

See all Globe Products

Advertise with us

GlobeLink.ca

Your number one partner for reaching Canada's Influential Achievers. learn more

The Globe at your Workplace
Our Company
Secure Service
Customer Service
Advertising Privacy
Globe Recognition
Mobile Apps
NEWS APP
Other Sections