One of the world’s richest men, Warren Buffet recently revealed the secret to his financial success: Reading. On a typical day, Buffet reads about five hundred pages.
“That's how knowledge works. It builds up, like compound interest. All of you can do it, but I guarantee not many of you will do it." — Warren Buffet
If you want to be successful get educated and become informed, and the best (and easiest) way to do it is by reading. So to help you along your journey we’ve compiled some of the best personal finance blogs to watch out for in 2017. These blogs cover all kinds of topics, from saving for a house and investing to teaching your kids about money, saving for retirement, and getting out of debt. By checking out these blogs not only will you be ahead of the learning curve, but also well on your way to higher levels of success—Warren Buffet-style.
1. Sean Cooper Personal Finance Expert. With a new book set to launch next month, Burn Your Mortgage, author and blogger Sean Cooper is the guy you want to keep an eye on if you’re buying a home. His insightful analysis on the hot housing market where prices are skyrocketing out of reach for first-time homebuyers, Sean provides practical tips for buying smart.
2. Carrick on Money. Any sound financial planning includes investing, but where do you go for advice? Rob’s blog on “Must Haves for your Investing Toolbox” is a great place to start. Rob Carrick is a seasoned expert in the world of finance. He’s also a writer for the Globe and Mail. Rob will get you thinking about four key areas of investment: taxes, dividend investing, exchange traded funds and helpful calculators for debt, budgeting, retirement planning and investing.
3. Money We Have. Barry Choi brings some balance to the topic of personal finances with his blog on hobbies and debt. We all need to enjoy life, so including this in our financial planning is essential. Choi provides tips on how to incorporate your hobbies into your financial plan.
4. Squawkfox. When it comes to teaching kids about money, Kerry Taylor’s Squawkfox blog delivers big. It’s funny and it has great ideas on how to teach your kids the complex skills of saving while also enjoying life. And any professional blog that uses the word “anyhoo” makes me smile, plus the great advice is a must-read. Anyhoo…
5. Young and Thrifty. This is a good blog for young people seeking to maximize their net worth through careful investing and smart lifestyle choices. It highlights the importance of setting goals and achieving financial independence via disciplined saving and investing.
6. Financial Independence Hub. Should you save for retirement with a Tax Free Savings Account (TFSA) or a Registered Retirement Savings Plan (RRSP), or both? Jon Chevreau’s Financial Independence Hub blog gives some great advice on TFSAs and RRSPs that can help you learn your best option.
7. Moneywise. We all have mixed feelings about RRSPs. In fact, two thirds of all eligible Canadians don’t even bother investing in them. Gordon Power’s blog offers some handy advice and smart tips on how to get the most value out of your RRSP, and why it’s important to get started today.
8. Boomer and Echo. So many of us settle for the status quo and eventually pay hundreds of dollars a year in bank fees. Robb Engen tells us there’s a better way. In his blog, 5 Ways To Avoid Monthly Bank Fees he provides tips for avoiding those pesky banking fees from the major banks. Don’t forget to read the comments!
9. Cait Flanders. Are you ready for a change? Most of us are looking for better ways of saving, getting out of debt and successful investing. Cait Flanders takes it to a whole new level in her blog. After completing a two-year odyssey of debt repayment, Cait kept it going in her life transformation. Her blog documents a simpler life where she accomplishes much more of her life goals by spending less.
10. The Classy Simple Life. If you want to de-clutter your life by getting out of debt and managing your finances then Michelle Summerfield’s blog is the one for you. Living debt-free can be a process of personal transformation. She does a fantastic job balancing self-discovery and enjoying life with smart spending and budgeting.
Whether your goal for 2017 is to increase your net worth, get spending under control, or get out of debt, these finance blogs have practical advice that can help you live a better life, starting today!