Tag Archives: money

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What are the top business books?


Arguably they are the ones in this article: I read the 8 best business books of all time—here’s what I learned. If you want to know what they are and get a synopsis, read that piece.

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Fifteen good links to help you manage your personal finances better


Lots of good stuff here, from how to save money on food, your kids, your transportation….and much more. From the New York Times, Vox, the Cut, and quite a few from a good site for this information called The Simple Dollar.

  1. When and How to Stop Paying Your Kids’ Bills – The Simple Dollar
  2. 13 smart ways to improve your finances in 2017 – Vox
  3. A Household Budget Strategy for People Who Hate Budgeting | Apartment Therapy
  4. 11 Lifestyle Changes That Will Help You Save Money & Depend Less On Consumerism
  5. What to Do When You’re Bad at Money – The New York Times
  6. How to Save Money But Still Have a Life
  7. What I Learned From Tracking My Spending for a Month – The New York Times
  8. 33 Productive Things to Do Without Spending Money | Apartment Therapy
  9. 5 Money-Saving Lessons I Learned in a Month of Budgeting – Bon Appétit
  10. The First Step Out of Debt – The Simple Dollar
  11. 10 Things You Should Never Pay For – The Simple Dollar
  12. Nine Frugal Strategies for Tackling the Winter Blues – The Simple Dollar
  13. Finding Meaning Within Your Job – Even If You Don’t Like It – The Simple Dollar
  14. Five Monthly Bills You Could Live Without – The Simple Dollar
  15. Five Things You Could Afford If You Didn’t Buy a New Car – The Simple Dollar

It’s RRSP season in Canada. You may feel: why bother contributing? Read this then.

If you are daunted and dismayed with the impossibiity of saving for retirement, then read this.

A few thoughts:

  1. It’s written for Americans, but it works just as well for Canadians. (Replace 401K with RRSP).
  2. You may still not be able to retire, but the more you save, the more cushion you have for later.
  3. It may help you get to sleep at night when your brain starts saying: you are doomed to die old and poor!
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On Finland and UBI (Universal Basic Income)

Two links worth reading on Finland and UBI: this one and this one.

Essentially, Finland did a form of UBI and it didn’t work. Those for UBI will argue it was implemented poorly. Those against UBI will argue those people are purists and in fact UBI will never work.

I think there are limits to UBI, but the Finnish implementation was poor. I think it can be done better than that. Read the two pieces in the New York Times and decide for yourself.

Do higher taxes cause rich people to move?


No.

You will hear anecdotes of people doing so, but in reality:

While everyone seems aware of a handful of high-profile millionaires decamping to low-tax states for tax reasons, in truth few move in response to state tax rates. Young examined tax data from every millionaire in the United States over thirteen years. He found that, even over that long time horizon, only 0.3% of all millionaires, on net, moved to a lower tax state. A larger share—about 2.5 percent– move from one state to another each year, but most do not migrate for tax reasons.

That quote is from: What Republicans and Democrats Can Learn from “The Myth of Millionaire Tax Flight” | Tax Policy Center.

Remember this the next time someone is arguing that higher taxes will cause the well off to move elsewhere.

(Image via pexels.com)

On Bitcoin rivals


While all the hype might make you think that Bitcoin is  the only cryptocurrency, there are a number of alternatives out there and this piece in Fortune outlines what they are: 5 Bitcoin Rivals That Are Rapidly on the Rise.

While this piece lists a handful, I expect that there will be a flood of such things in the future as financial markets look to capitalize on this mixture of money and technology.

The Fortune piece is also not bad in summarizing some key facts about Bitcoin if you still find it hard to get your head around it.

I expect Bitcoin to crash to a much lower level, but I don’t see cryptocurrencies going away. Knowing more about them, especially because they could have a major impact on global economies, is worthwhile.

Where to buy and sell Bitcoin in Toronto


I don’t recommend participating in the madness that is Bitcoin, but if you want to and you live in Toronto, then check this out: How to buy Bitcoin in Toronto.

Caveat emptor.