I can’t believe how quickly April passed! It’s already time for the next edition of 20 Cents. This is a collection of 10 articles from around the web that I thought you might find interesting. Obviously, I can’t highlight every great post, but I point out some good ones each day on Twitter. You can follow me @BalanceJunkie. Happy Monday!
1. Don Sutton at Canadian Business had a great article asking this very timely and poignant question: Will You Be Pulled Under If U.S. Banking Reform Fails?
2. Canadian Capitalist posted Book Review: The Big Short on Michael Lewis’ newest book. It details the events in the mortgage market that lead to the U.S. housing crisis and subsequent economic meltdown. Check out the 60 Minutes video he has embedded at the end of the review. I watched the same video courtesy of Doctor Stock at Invest In the Markets and found it very compelling.
3. Kevin Press at Today’s Economy Blog posted his own story about how Poverty Can Happen to Anyone. It’s a great read.
4. Five Cent Nickel had some great advice posted by Matt Jabbs: Don’t Take a Vacation from Your Budget. This is timely advice since vacation season is just around the bend!
5. Rob Carrick of The Globe and Mail wrote a thought-provoking piece on how Canadians Are Unprepared for the Takeaway Decade. With rising taxes, gas prices and interest rates, who’s not feeling pinched?
6. Jonathan Chevreau of The Wealthy Boomer offered Ten Timeless Investing Wisdoms. My favourite is probably number 1. I’m really big on contingency plans.
7. Christine at Money Funk had a review of a book called In the Trenches: Financial Survival During Times of Hardship. I hadn’t heard of this until I read Christine’s review. It sounds very interesting. I always love advice from people who’ve been there.
8. Michael James On Money offered some great Portfolio Alternatives to a reader who is currently invested in mutual funds. Michael is great at making detailed analysis clear and understandable. I don’t always have the patience for number-crunching that he has!
9. Live Real, Now had a fantastic reality check on Evil Interest that details the cost of compound interest and reminds us that if we eliminate our debt and ramp up our savings, compound interest works for us instead of against us.
10. Jim Yih at Wealth Web Gurus drew a parallel between physical and financial health and offered 7 solid tips for Improving Your Financial Health.
I hope you enjoyed these articles as much as I did. Have a great day!