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Book Winner, Twitter, Rate Drop and Weekend Reading

Book Winner

t seems that there are a lot of Warren Buffet fans here (who isn’t?)!  Our giveaway of “Pilgramage  to Warren Buffett’s Omaha” received about 150 entries and out of those entries, 1 lucky winner was randomly chosen.  Using a random number generator, Blitzkrieg (#87) was chosen as the lucky winner!  Congrats!


I mentioned a little while ago that I joined twitter to see what the hype is all about.  Maybe I’m old school, but it has taken me a while to warm up to the new “must be part of” social media.  Where I’ve found the most value is the ease of asking my “followers” questions and getting quick responses.  If you would like to follow me on twitter, you can see my twitter profile here.

Weekend Reading

The Bank of Canada has dropped the key borrowing rate again!  This time, another 0.5% which means that prime now sits at 2.5%.  I never would have imagined in my life time that my mortgage rate would be less than 2%.

Brip Blap writes about the correlation between intelligence and wealth.

Canadian Capitalist gives us the results of dollar cost averaging the TSX composite.

My Dollar Plan has an interesting discussion with her readers in the article: Should we Downsize?

Canadian Dream reviews the book Hot Air.

Money Smart Life has some career tips for a bad economy.

Four Pillars asks who do you trust?

Generation X Finance answers a reader question: Why should I keep investing?

The Sun’s Financial Diary exposes variable annuities: The Fee Factor.

The Intelligent Speculator has a commentary on if Amazon is the next Apple?

Frugal Dad analyzes the cost of watching television.

Thicken My Wallet goes over the costs and benefits of graduate studies.

The Digerati Life writes about the new lows in the stock market in The Dow Jones Closed at 6700, how do you feel?

WhereDoesAllMyMoneyGo explains the dividend capture strategy.

Lazy Man and Money writes about saving money on a wedding dress.

If you would like to read more articles like this, you can sign up for my free weekly money tips newsletter below (we will never spam you).

FT About the author: FT is the founder and editor of Million Dollar Journey (est. 2006). Through various financial strategies outlined on this site, he grew his net worth from $200,000 in 2006 to $1,000,000 by 2014. You can read more about him here.

{ 12 comments… add one }
  • Avatar IS March 6, 2009, 9:23 am

    Thanks very much for the link!! Very appreciated!!

  • Avatar Four Pillars March 6, 2009, 10:14 am

    Thanks for the link.

    I can’t believe how low the rates are. I locked in for 5 years a couple of years ago (@ 5.19%) because at the time we just couldn’t afford the risk of rates going up.

    I wish I hadn’t! :)

  • Avatar VR March 6, 2009, 12:03 pm

    Wow FT, that’s a crazy mortgage rate you have. I just looked at PC Financial today and the 5 year variable is still at 3.3%. 5 year fixed is at 4.3%. How do you have such a great rate, and where can I get it? :)

  • FT FrugalTrader March 6, 2009, 12:34 pm

    VR, the rate we got was locked in late 2007, thus the discount from prime. Rates have changed significantly since then with the credit squeeze. I don’t think that there are any variable mortgages that are discounted from prime these days.

  • Avatar Canadian Capitalist March 6, 2009, 12:56 pm

    Thanks for the link! Have a great weekend!

  • Avatar Ms Save Money March 6, 2009, 2:07 pm

    How nice, thank you for the recommendations on the reading, it is very helpful. :) I actually go to Generation X Finance and Frugal Dad pretty often to read their articles and really like how they write.

  • Avatar Bryce March 6, 2009, 2:24 pm

    I’m also in a prime minus 0.9 mortgage. If they lower the rate much more I’m expecting cheques from the bank.

  • Avatar Canadian Dream March 6, 2009, 3:26 pm

    Hey thanks for the link.

    Ugh, I wish I could have renewed my mortgage last year and have a rate like that. WOW! Oh, well I guess I’ll have to wait until this summer to do it.


  • Avatar Thicken My Wallet March 6, 2009, 4:31 pm

    Thanks for the link. I joined Twitter for a similar reason. To write a post about it as a business investment.

  • Avatar WhereDoesAllMyMoneyGo.com March 7, 2009, 10:14 am

    Thanks for the link FT! Have a great weekend.

  • Avatar Aman@BullsBattleBears March 7, 2009, 12:55 pm

    some informative links! thanks!

  • Avatar Mark March 8, 2009, 10:30 am

    Hey FT,

    So did we (locked in mortgage over 5 years, over 5%)….I wish we hadn’t….

    After reading many an article on mortgages and mortgage rates over the last few years, I will, next time, choose a variable mortgage, with the option to “lock-in” at any point.

    I’ve read historically, this gives you the best option.

    Mark in Nepean

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