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Carrick On Money

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

Entry archive:

Carrick on money: How did Canada’s middle class get so rich?

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 did Canada’s middle class get so rich?
An American take on how Canada passed the United States on a list of big countries with the wealthiest middle class.

A history of Canada’s housing bubble fears
This interactive timeline tracks some of the many predictions made about Canada’s housing market since 2009, including repeated forecasts for price declines that have so far not materialized.

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Carrick on money: My mom is my roommate

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.

My mom is my roommate
At a time of scarce job opportunities for graduates, it’s no longer considered unusual for young adults to move back home. Here’s the story of a couple of young women in Vancouver who have moved home.

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Carrick on money: What to study if you want to make 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.

What to study if you want to make money
Canadian Business produced this list of the best jobs, as determined by a ranking that includes median salary and five-year wage and job growth.

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Carrick on money: If I had a million dollars…would I be rich?

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.

If I had a million dollars…would I be rich?
Remember the Barenaked Ladies’s 1992 song, If I Had a Million Dollars? Here, a CBC blogger prices out the whimsical spending mentioned in the song and concludes a million doesn’t make you rich any more.

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Carrick on money: Debt sucks all the oxygen out of your finances

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.

Debt sucks all the oxygen out of your finances
“When you’re carrying debt,” a financial adviser and blogger writes here, “your ability to save is compromised.” She’s writing from personal experience.

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Carrick on money: Avoid maintenance surprises in your new condo

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.

Avoid maintenance surprises in your new condo
Even buyers of new condos should consider hiring a housing inspector, this article says.

Canada’s most stolen vehicles
Pickups and SUVs dominate this list.

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Carrick on money: Most investors have no idea what they’re doing

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.

Most investors have no idea what they’re doing
Over many years of watching investors, a columnist for MarketWatch.com has seen the same mistakes being made over and over.

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Carrick on money: Eight steps to smarter house hunting

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.

Eight steps to smarter house hunting
How to be a smart buyer in today’s expensive housing market.

Buffett buys Canadian
How Warren Buffett’s investment in the Canadian oilpatch could signal a potential turnaround for the energy sector.

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Carrick on money: Non-tacky ways to save on a wedding

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.

Non-tacky ways to save on a wedding
Check out this idea: invite fewer guests and livestream your wedding so people can watch it on their smart phones or home computers.

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Carrick on money: How to kill your retirement plan in three easy steps

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 kill your retirement plan in three easy steps
Bad financial habits that will prevent you from saving enough for retirement.

Mortgage rates headed higher?
Some of the people on RateSupermarket.ca’s mortgage rate outlook panel think so.

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Carrick on money: Saying yes to the urge to splurge

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.

Saying yes to the urge to splurge
U.S. personal finance guy Ramit Sethi has an interesting take on saving and spending: Spend extravagantly on the things you love, and mercilessly cut spending on the things you don’t. In this blog post, he invites readers to say what their biggest discretionary expenses are. Travel, fancy headphones and shoes get mentioned.

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Carrick on money: Finances and the aging brain

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.

Finances and the aging brain
How even sophisticated investors can be duped by fraudsters.

More on fraud
The Ontario Securities Commission has published this advisory on how to tell if an investment opportunity is fraudulent.

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Carrick on money: Those fabulous lives can be fuelled by debt

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.

Those fabulous lives can be fueled by debt
The story of L’Wren Scott, the glamorous fashion designer and girlfriend of Mick Jagger who committed suicide last month. She was found to be at least $6-million (U.S.) in debt.

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Carrick on money: Lessons on making $5-million by 50

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.

Lessons on making $5-million by 50

A blogger explains how he made his first million by age 40, then grew his fortune to $5-million by 50.

Top 10 insurance jokes

You’ll laugh – what better recommendation can I offer?

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Carrick on money: Why some Aeroplan members are fed up

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 some Aeroplan members are fed up
Financial blogger Robb Engen writes about the complaints he receives from his readers about the way Aeroplan rewards are calculated and the amount of fees and taxes they pay for flight redemptions.

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Carrick on money: 11 money moves to make before you turn 40

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.

11 Money Moves to Make Before You Turn 40
This is a good list overall, but the blurb on buying a house is certainly worth debating.

Real estate roundup
MacLean’s has provided this level-headed overview of the housing market and its vulnerability to a big price decline.

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Carrick on money: How to ace your next home reno

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 ace your next home reno
A nifty guide to the fine art of spacing, which means putting things like a bathroom towel rack or a kitchen counter at just the right height and distance from other things in the room.

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Carrick on money: You’ll spend less than you think in 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.

You’ll spend less than you think in retirement
But only after you spend more than you think, this article says. The reality is that retirees tend to spend heavily in the first few years, and then use steadily less money.

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Carrick on money: Six-figure shocker – your lifetime bill for investing fees

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.

Six-figure shocker – your lifetime bill for investing fees
Writer and blogger Preet Banerjee estimates how much we pay in investing fees over a lifetime by using the example of a 25-year-old who invests over 40 years and uses an investment adviser selling conventional mutual funds. Grand total: $170,578.27.

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Carrick on money: Meet the king of travel reward credit cards

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 the king of travel reward credit cards
The RewardsCanada website’s top picks for 2014 in five different categories. Here’s a chance to see how the recent reward card shuffle at Canadian Imperial Bank of Commerce and Toronto-Dominion Bank plays out.

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Carrick on money: Diary of a mad housing market

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.

Diary of a mad housing market
How can Toronto house prices keep rising ever higher? Here’s some insight in the form of an analysis of recent transactions on what could be the hottest street in the city, Rhodes Ave. A 1,200-square-foot semi recently sold here for $717,336 — almost $170,000 over the lowball asking price — in a 25-person bidding war. Meet the young couples who have been drawn to this street, and the veteran realtors taking it all in.

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Carrick on money: Canada’s 10 best towns for retirees

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.

Canada’s 10 best towns for retirees
MoneySense magazine put together this coast-to-coast list of big and small cities that are good for the retirement lifestyle, including Calgary and Toronto.

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Carrick on money: Take that, expensive housing market

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.

Take that, expensive housing market
Check out Alek Lisefski’s portable $30,000 (U.S.) house. Tiny, but cute and very functional.

Bathroom confidential
Thoughts on the optimum use of an item we all purchase – toilet paper.

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Carrick on money: Smart money, dumb decisions

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.

Smart money, dumb decisions
This blog post looks at how even smart money people like pension fund managers can make questionable investing decisions.

Baby shower etiquette: Should no-shows bring a present?
Must you send a present if you’re invited to a baby shower and don’t attend? This mom-to-be apparently thinks so.

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Carrick on money: Nasty, brutish and poor – the life of a retail worker

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.

Nasty, brutish and poor – the life of a retail worker
An accomplished U.S. journalist writes about some setbacks in life that left him working for $10 per hour at a sporting goods. It’s not a living wage.

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Carrick on money: $99 H&M wedding dress sticks it to wedding industry

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.

Telling the wedding industry where to go
Introducing the $99 (U.S.) wedding dress from retailer H&M. It will sell for $129 in Canada. The Washington Post’s Style blog explains the economic importance of this breakthrough in lowering the high cost of weddings.

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Carrick on money: Would you like a Rolls Royce with that 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.

Would you like a Rolls Royce with that house?
Vancouver, with one of the lowest median incomes in Canada, has seen a boom not only in housing, but in sales of mega-expensive cars. The explanation: Money flowing in from wealthy immigrants.

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Carrick on money: Five people you should never get investing advice from

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 people you should never get investing advice from
Family, co-workers and more.

The best TV for gaming
Consumer Reports offers these tips on finding the best television set for playing Xbox, PlayStation and Nintendo.

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Carrick on money: Vampire mortgage lives off deceased owner’s savings

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.

Vampire mortgage lives off deceased owner’s savings
A Michigan woman dies back in 2008, leaving enough money in her bank account to fund the automatic mortgage payments her bank took every month.

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Carrick on money: Cool the whole housing market, or just Vancouver and Toronto?

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.

Cool the whole housing market, or just Vancouver and Toronto?
Some interesting ideas are floated in this blog post, including one that would require people in overheated markets to pay a larger downpayment.

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Carrick on money: The case for never retiring

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 case for never retiring
All about the health and financial benefits of continuing to work after 65.

The case for emerging markets
Sentiment has turned decidedly against emerging market investing in the past year or so, but maybe now is the time to start getting in. The Wall Street Journal’s Jason Zweig makes that argument here.

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Carrick on money: What Warren Buffett’s doing about bonds

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 Warren Buffett’s doing about bonds
Read here to find out how Buffett’s holding company, Berkshire Hathaway, is reacting to low bond yields and the prospect of rising interest rates.

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Carrick on money: Will your bank make you a fall guy on fraud?

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.

Will your bank make you a fall guy on fraud?
If fraudulent charges appear on your credit card, who’s responsible? Check out this CBC report to see the sometimes complicated answer.

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Carrick on money: Teen sues parents for not funding her education

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.

Teen sues parents for not funding her education
Watch this video to hear about a New Jersey 18-year-old who is taking her parents to court for refusing to pay the cost of private high school and college.

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Carrick on money: The top 10 dumb things people say about pensions

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 Top 10 dumb things people say about pensions
A good list from Susan Eng, VP of advocacy at CARP, formerly known as the Canadian Association of Retired People. I’ll add one to the list: Calling contributions to public pensions like the CPP a “payroll tax.” Savings are not a tax.

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Carrick on money: Hello retirement, adios Canada

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.

Hello retirement, adios Canada
Here’s a primer on moving overseas for your retirement. You might just find the cost of living is lower, and the weather quite a bit better.

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Carrick on money: Knocking the halo off dividend stocks

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.

Knocking the halo off dividend stocks
Investor advocate Dan Solin runs roughshod over some of the most cherished ideas about dividend stocks, including the one that says they hold up better in down markets.

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Carrick on money: Eight retirement issues that can wreck a marriage

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.

Eight retirement issues than can wreck your marriage
Where to live, whether to work, money for the kids – these are all issues that couples should discuss ahead of retirement.

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Carrick on money: Two secrets to a happy, peaceful 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.

Two secrets to a happy, peaceful retirement
Having enough money is one, this Time.com article says. The other is more subtle – it’s the satisfaction of having been a good parent and spouse.

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Carrick on money: The no-sales, no-guff guide to retirement saving

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 no-sales, no-guff guide to retirement saving
The accountant behind The Blunt Bean Counter blog has written a six-part series to help people determine how much money they need to retire. This is a great analysis of some widely used retirement planning theories and variables. I particularly like that it’s from an accountant and not a financial firm with products to sell. Here are parts one through five (scroll down to find Part One), and here’s the final instalment.

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Carrick on money: How to plunder your RRSP to buy 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.

How to plunder your RRSP to buy a house
I’m no fan of the federal Home Buyers’ Plan, but it’s very popular with first-time buyers struggling to build a downpayment. Here are five important facts about the plan.

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Carrick on money: The taxman targets a five-year-old boy

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 taxman targets a five-year-old boy
For various reasons, a young American boy named Paulie Smith needs a tax return filed on his behalf. Here’s what resulted when the IRS decided to question some items on his return.

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Carrick on money: The You Can Do It guide to cutting your cable TV

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 You Can Do It guide to cutting your cable TV
A 50-something Ottawa guy named Larry writes in detail here about how he got fed up with Rogers, cancelled his service and replaced it with unlimited Internet service from an independent provider, an HD antenna and a few other affordable pieces of equipment.

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Carrick on money: Watch out for these TFSA traps

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.

Watch out for these TFSA traps
Tax-free savings accounts are comparatively simple to understand and use, but there are still some points that trip people up. Here are a few of them.

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Carrick on money: The $100,000 condo bill

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 $100,000 condo bill
A university professor estimates that’s the cost per condo unit of replacing failing windows in older buildings. People may not anticipate all the costs associated with condo maintenance, he’s quoted as saying in this news story. “This is not the same as buying a house. These will require a much larger proportion of our dollars to operate and maintain.”

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Carrick on money: Young, broke and unable to afford a home

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, broke and unable to afford a home
This analysis looks at how the problems young adults are having in today’s economy might affect the housing industry in the United States. It’s a great question to consider for Canada as well, given how important housing-related activity is to our economy.

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Carrick on money: Love hurts – just ask your wallet

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 hurts – just ask your wallet
This infographic pegs the cost of dating, engagement and marriage at $45,151.88, up about 3 per cent from last year.

How can you bring that astronomical cost down? A cheap wedding is one option. Another is to skip the wedding and just shack up.

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Carrick on money: Money mistakes that seniors make

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 mistakes that seniors make
A U.S. survey suggests retirees are spending too much on mortgages and credit cards, and they may also want to look at their miscellaneous entertainment expenses. Here’s a column I wrote not too long ago on the surprising rise in debt levels among seniors.

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Carrick on money: Ten habits of debt-free 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.

Ten habits of debt-free people
Some good suggestions here on the mindset you need to stay out of debt.

Cool new technology
A look at a new generation of locks for your front door that work electronically and can talk to your smartphone or tablet.

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Carrick on money: Best financial advice for my grandson

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.

Best financial advice for my grandson
Start saving and investing early, an investing pro writes in a blog post inspired by the birth of his grandson.

Book a hotel, earn some points
Introducing Rocketmiles, a website where you can earn travel reward points by booking hotels online. Aeroplan is part of the program.

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About the writer

Rob Carrick

Rob Carrick has been writing about personal finance, business and economics for close to 20 years. He joined The Globe and Mail in late 1996 as an investment reporter and has been personal finance columnist since November 1998.

Follow Rob on Twitter @rcarrick

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