If you are new to WhereDoesAllMyMoneyGo.com, every Friday I run a post called “A Lap Of The Blogs” which provides links to articles I found interesting and think that others may want to read for themselves. I also include some commentary on what’s going on in my personal life and a weekly “racing video” since my former life was in the auto-racing industry. The name “Lap of the Blogs” is in reference to “A Lap Of The Gods” which is an old video series which chronicled on-board footage of the world’s greatest F1 drivers lapping various racetracks from around the world.
I had the pleasure of having dinner with John Chow tonight who is in town for a wedding this weekend. For those of you who don’t know, John Chow earns over $30,000 per MONTH on his blog about blogging. In fact, if you go to his site, JohnChow.com, you will see that he “makes money online by telling people how much money he makes online”.
From Around The Blogosphere
Larry MacDonald hypothesizes about the effect of differing restrictions on day traders in Canada versus the US. Could relaxed rules increase volatility?
Ellen Roseman is frustrated with the problems consumers face and creates a short list of things she would like to change first.
Canadian Capitalist reveals that there is a new option for those looking to save money on their chequing accounts (a no fee option).
Michael James on Money explains a different way of looking at risk versus return that might be more intuitive than standard deviation numbers.
The Million Dollar Journey hosts a guest post about The Psychology of Money.
Canadian Financial DIY surveys some information on executor and trustee fees.
Four Pillars writes about how some grants are handed out to everyone who applies because fewer people apply than might be expected.
Last but not least, Canadian Dream: Free at 45 explains how you can cut your energy bill and keep your home cool in the summer with a great list of tips and tricks.
This Week’s Racing Video
This is actually a commercial for Shell, but it’s nothing short of beautiful. Shell is the fuel partner for the Ferrari Formula 1 team and this commercial (presented in it’s full length form which runs two minutes) chronicles the evolution of the Ferrari F1 cars over decades. Check it out: