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Interest Rates, Carnivals and More!

  • The Canadian central bank has cut their interest rate for the first time since 2004!  This is good news for those who have variable rate loans like mortgages, HELOCs, margin etc.
  • CashMoneyLife has hosted the 129th Carnival of Personal Finance.  Once again, a bunch of great articles were included.  We submitted the article "What is Your Tipping Policy?"
  • LazyManandMoney hosted this weeks Festival of Frugality.  This festival is for you if you're looking for new ways to save some cash.  MDJ submitted an Editors Choice article "Ways to Save During Christmas".
  • Four Pillars responded to my tipping article with an article of his own called "The Tipping Point."  Check out the huge comment thread.

Don't forget about the MDJ 1st Birthday giveaway.  There are multiple prizes with the grand prize being a Canon A570 IS, camera case and 1gb SD card.

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.

{ 5 comments… add one }
  • The Financial Blogger December 7, 2007, 9:24 am

    Since last Thuesday, The Canadian central bank is my best friend :-D

  • FourPillars December 7, 2007, 9:36 am

    Thanks a lot for the link and thanks for tipping me onto the idea for the post!

    Mike

  • Cross the River December 8, 2007, 12:28 pm

    Careful FB, that’s what it wants you to think. :-)

    Wait for a few other rate drops first.

    Am I being a bit paranoid?

  • Q Cash December 9, 2007, 9:12 am

    It would be interesting to exam what the impact the rate drop has on leveraging.

    BTW

    Happy Birthday

    Q

  • FrugalTrader December 9, 2007, 11:15 am

    That is an interesting analysis Q. I will whip something up in a spreadsheet.

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