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Carrick Best Reads

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

Entry archive:

Carrick best reads: Ten signs you’re retirement ready

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 signs you’re retirement ready
Number one is that your mortgage is paid off. Please tell me you don’t plan to retire with a mortgage.

Tax scammers using IRS threat
CBC reports on a phone scam in which people receive a recorded message saying there is a notice against them with the U.S. Internal Revenue Service for tax fraud and tax evasion.

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Carrick best reads: What NOT to do with your 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.

How to blow a windfall
Four mistakes people make when money falls into their lap.

So much for her $90,000 college fund
A young American woman blows money her grandparents saved for her education on a trip to Europe and back-to-school clothes.

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Carrick best reads: The secret to a happier 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.

The secret to a happier life – just retire
A U.S. study finds retirement improves both happiness and health.

Actually, you are richer than you think
Find out how your household income compares on a global basis using this handy calculator. According to the background information here, 56 per cent of the world falls in the low-income category, and 15 per cent are poor.

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Carrick best reads: How to protect your house while you’re away

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.

There’s never a bear market in stupid advice
So says investing writer Jason Zweig in this column he produced back in 2004 and recently re-published on his website. The column is all about the job of personal finance journalists in making people smarter investors.

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Carrick best reads: Have you considered this home buying risk?

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.

Have you considered this home buying risk?
Here’s a discussion on what might happen if the house you’re buying is appraised below the price you’ve agreed to pay.

Gold is a poor investment
Gold has had an awful year, and that’s not unusual if you take the long view.

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Carrick best reads: One of his worst mistakes was buying 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.

One of his worst mistakes was buying a house
Frank talk from a blogger about society’s blind faith that home ownership is the right move.

These are the top cash-back credit cards
The Million Dollar Journey blog picks three top names in the premium cash-back category, which means cards with annual fees.

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Carrick best reads: How debt can damage a relationship

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.

Love + debt = divorce
All about the stress that debts can bring to a relationship.

Why is investing so complicated?
A Harvard economics professor looks at this question in an article written for the New York Times. His conclusion: Paralysis – doing nothing, in other words – can be the biggest danger.

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Carrick best reads: Ten reasons you’re not rich yet

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 reasons you’re not rich yet
You spend money like you’re already rich – that’s Number One on this list.

This family cut spending by $12,540 a year
Brianna Bell, who I profiled in this recent column, wrote a detailed blog post recently about how her family managed to slash monthly costs by $1,045. Some original and useful tips here on economizing.

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Carrick best reads: Buying a home? This is the income you need

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.

Buying a home? This is the income you need
A look at how much income you need to purchase a home in cities across the country.

Can’t get the bank to lend you what you need to buy a house?
Read here about how private lenders are stepping up – at rates that can be more than five times higher than those charged by the banks.

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What your investment adviser is reading this summer

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 your investment adviser is reading this summer
Here’s a list of top book suggestions for advisers.

A half-way look at 2015 financial predictions
A columnist has fun seeing how wrong forecasters got things.

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Carrick best reads: Seven questions to ask yourself before you 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.

Seven questions to ask yourself before you retire
Covered here are matters like the lifestyle you want, the amount you expect to spend and whether your savings will cover your needs and wants.

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Carrick best reads: The biggest financial decisions in your 20s

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 biggest financial decisions in your 20s
Avoiding credit card debt, starting to save for retirement and more.

Her mindless spending had to stop
“I was consuming for the sake of consuming,” personal finance writer Cait Flanders writes in a blog post looking back at her self-imposed, one-year shopping ban. “It was mindless spending and it had to stop.”

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Carrick best reads: Let’s talk about home buyers’ regret

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.

Let’s talk about home buyers’ regret
A discussion on my Facebook personal finance page prompted blogger Robb Engen to write about people rushing to pay off their mortgages, even though they have super low interest rates.

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Carrick best reads: The secret to retiring early

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 to retiring early
The idea presented here is to create a “hobby job” that allows you to earn money doing something you love.

Don’t cheap out on your vacation
This blogger says that if you’re going to take a vacation, save enough money to do it right. Don’t wreck a trip by worrying about the money you’re spending.

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Carrick best reads: Five easy home improvements for about $1,000

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.

Five easy home improvements for about $1,000
Hire professional cleaners, spruce up the entrance of your home and more.

Housing crash: Yes or no?
The RentSeeker.ca website is running a poll where you can say whether or not you think the Canadian housing market is going to crash. Submit your vote and you’ll see how the total votes line up.

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Carrick best reads: Couples are deluding themselves about retirement

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.

Couples are deluding themselves about retirement
Results from a U.S. survey suggest spouses may have wildly different ideas about retirement and big knowledge gaps on key financial matters.

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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.

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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.

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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

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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.

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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.

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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.

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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.

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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.

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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?

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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.

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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.

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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.

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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.

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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.

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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.

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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 ….

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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.

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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.

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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.

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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.”

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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 »

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