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.

Two reminders first:

1. Episode 2 of 3 in the Ultimate W Expert Challenge airs this Sunday, June 28th at 7:00pm (EST and PST).

2. I’m actually surprised that the number of people entering the contest for a free Formula 2000 school is as low as it is – but that’s good news for those that enter as their odds are looking pretty good! If you do want to enter, you can earn up to three entries by following the rules at the following spots: WhereDoesAllMyMoneyGo.com, or Canadian Capitalist, or Four Pillars.

From Around The Blogosphere

Michael James on Money shows us how a flight to Bogota advertised at $295 ends up being close to $1,000 after all the surcharges. It’s laughable that this stuff is allowed to go on.

Jonathan Chevreau writes about two new Canadian listed iShares: World and Emerging Markets ETFs.

Larry MacDonald also looks at the new ETFs and digs up some interesting points.

Thicken My Wallet looks at the Hail Mary School Of Investing.

Million Dollar Journey interviews someone who retired at 31.

Big Cajun Man notes that EI claims are still rising, but not as much – it this the beginning of the turnaround?

Canadian Financial DIY looks at the benefits of diversification for retirees – specifically, the effect on the “safe withdrawal rate”.

This Week’s Racing Video

An old re-hash, but well worth it. Especially when you see Jeremy Clarkson’s jowels flapping in the wind (literally!) as he tests out the Ariel Atom. At the very least – check out what happens around the 3:00 mark – priceless. Enjoy!