A Dawn Journal - A Top American Financial Blog

Reach Extends Beyond Canada And Gains Pan-American Recognition

First Published: August 24, 2009 ADawnJournal.com

Despite being based in Canada, A Dawn Journal has won the approval of one of America’s most widely recognised blogs. It is quite an achievement to be able to say that Efinancialblog.com, a widely respected and admired blog recognising the best financial writing in the US, has respectfully invited A Dawn Journal to take part in its “America’s Top Financial Bloggers” campaign of recognition, highlighting posts and blogs with accurate and well-written financial content. Efinancial Blog itself states that it is looking to spotlight the web’s best financial writers, so to gain their recognition feels like no small achievement.

Although Canadian finance is the specific remit of A Dawn Journal, it is true to say that good content is recognised as such wherever it comes from. The problems currently faced by families and businesses on the North side of the border differ very little from those which the United States currently faces. However, anyone will tell you that it is harder for a Canadian to gain recognition in the United States than vice versa, and for this reason it is very gratifying to be recognised in this way. Why has this happened? Well, it would be presumptuous to assume that one knows the minds of experts, but the simplicity and truth of the financial advice posted here means it can make an impact on anyone who shares our concerns about the financial climate of the day.

Although this is a Canadian blog (and very pleased to be able to say so) it has recently been noticeable that the number of global visitors has risen recently. There can only be one reason for this: readers understand and agree with the content written here. It is timeless and transcends national borders. Although there are always going to be differences from one country to the next, our differences are not what define us – our similarities are. An interest in finance is all the more relevant and essential at the present time, as we will all have financial questions to deal with the longer the financial turmoil continues. Being able to read simple yet intelligent financial advice and information helps us all deal with the important issues and questions we face.

So it seems quite reasonable and self-explanatory that this blog is becoming a regular read for an increasing number of people not only in Canada (which is still the essential focus of the site and a hugely valued readership) but also further afield. It is not only in America that this blog is read and followed, and it is hoped that this recognition from the US financial blogging community will not be the last. Financial information and news has now become a major priority even for a number of people who would not previously have paused on the financial pages for long before turning to seemingly more interesting information. For as long as people want to read important financial stories and get a no-nonsense, measured response to the issues, A Dawn Journal will be here to fulfil a need.

Avoid Making Your Mortgage A Wasteful Borrowing

Do Not Take Out The First Decent Loan You Are Offered

First Published Date : August 26, 2009 ADawnJournal.com

The fact that it is nigh-on impossible for most people to buy a house without borrowing at least some of the cost these days has hardened some of us to the question of debt. It would not be wrong to say that a large amount of the consumer debt which is strangling companies and individuals right now is a result of people saying “Well, we are all in debt these days anyway – what harm will it do to add a little bit more?”. We have become hardened to debt – and even those of us who seek to avoid debt altogether are conscious that this has happened. Just for clarification, becoming hardened to debt does not mean ignoring it altogether. Rather, it means that we accept it will exist and we try to live the best way we can while recognising the fact.

One consequence of becoming hardened to debt as a society is that there has been a certain amount of slippage where wastefulness is concerned. Being ready to accept debt – as we all must be, eventually – should not mean being wasteful. If we are debt conscious, we can minimise the damage done to our finances by debt. If we are wasteful, we run the risk of doing something which is essentially the equivalent of accepting that there will always be a little bit of mess in our house, and inviting a family of horses to live in our kitchen in recognition of the fact. Yes, you can live with debt. No, you cannot live indefinitely with several debts getting in the way of everything you do and making a mess of things.

It doesn’t even need to be the case that you regularly miss loan payments for you to qualify as wasteful – although the amount of extra cash you will need to pay to make up for that certainly qualifies. Another wasteful thing to do as regards credit accounts is to take out the first decent loan you are offered without doing a little bit of shopping around first. There are so many banks out there who offer mortgages, and other institutions besides who will loan money for the purpose of buying a house. Even when people take into account that the bank will own a stake in the house for the duration of the loan account, they are often still all too happy to settle for a “decent” mortgage, when a little bit of time spent researching would have freed them up to the tune of hundreds of dollars per month.

Being wasteful costs us a lot of money when we are young, and some people never really learn the lesson. Sure, it’s fun to let go every so often, but that’s what ball games, clubs and friends are for. A mortgage shouldn’t be a case of “yeah, this will do!”. It needs to be a matter of “yes, this is the right one”. You’ll be paying it off for a quarter of a century or more, most likely, so it requires some attention.

Free E-Book: 101 Reasons to Love a Recession

How to Prosper During an Economic Downturn

First Published: ADawnJournal.com May 27, 2009

International Best Selling author Ernie Zelinski has generously offered his latest E-Book free for A Dawn Journal readers.  Titled 101 reasons to Love a Recession, it talks about how motivated individuals can capitalize on recession. A recession can present opportunities to prosper during an economic downturn and benefits of a recession should not be overlooked. Economic turmoil can bring the best and it’s up to you to turn adversity into advantage.

This E-Book is yours to download right now. I will not ask you to provide your email address or force you to subscribe my RRS Feed to enjoy this book. However, If you would like, you can subscribe my RSS Feed voluntarily right here – RSS.

101_Reasons_to_Love_a_Recession.pdf

Canadian Financial Blogs

Financial Blogs In Canada

First Published: June 7, 2009 ADawnJournal.com

It is time to present a list of Canadian Financial Blogs for my readers. There are many (probably too many) blogs out there these days—not all of them worth mentioning. In search of blogs that can be mentioned here, I have set some standard criteria to follow. Each blog needs to go through these filters, thus providing you with only quality writing and a pleasant reading experience.

Here are the filters for the ADJ litmus test:

·   The blog must have its own domain name. Free hosted blogs are simply not professional and lose credibility. You can’t simply expect to be taken seriously if you are on a free hosted site.

·   The blog must be three months old.

·   The blog must not have too much time lags between posts.

·   The blog must present original, vibrant, timely and timeless content.

·   I am featuring only English language and family-friendly blogs.

·   Blogs with low Google PageRank may not be approved but will be given special consideration to be listed.

This post is going to be updated from time to time to add dynamic, promising new blogs. If you come across a blog that you would like me to add, send me an email via my contact page or write a comment underneath this post.

I will be using sites’ own descriptions to describe these sites. For example, A Dawn Journal would appear as: A Dawn Journal – A blog on Personal Finance, Investing, Entrepreneurship, and More. Sites will be listed in alphabetical order – this puts A Dawn Journal on the top spot. Let’s begin our list.

Canadian Financial Blogs – The List

A Dawn Journal A blog on Personal Finance, Investing, Entrepreneurship, and More.

Canadian Capitalist – A personal finance blog to help Canadians navigate their way through the alphabet soup of financial acronyms: RRSPs, RESPs, TFSAs, mutual funds and ETFs

Canadian Personal Finance Blog – Personal Finances and Consumer Concerns, essays, stories, examples and how to articles with a distinctly Canadian Point of View

Canada Personal Finance Website – A personal finance website written in simple and understandable terms from a Canadian perspective.

Four Pillars – Investing and personal finance

The Dividend Guy – One Guy’s Journey to Passive Income Through Dividend Investing

The Financial Blogger – Got Money?

Thicken My Wallet – Everything to do with thickening your wallet

Million Dollar Journey – The Making of a Millionaire – A Canadian Personal Finance Blog. Daily topics include The Smith Manoeuvre, RRSP, Canadian discount brokerages, Questrade, early retirement and book reviews

Worthwhile Canadian Initiative – A mainly Canadian economics blog

Where Does All My Money GoWhere Does All My Money Go

NB – I will be adding more sites slowly

Toronto Stock Exchange Has Launched A New Portal Called TMX Money

TSX Launches TMX

First Published: June 15, 2009 ADawnJournal.com

Toronto Stock Exchange (TSX) has launched its new financial portal “TMX Money.” Visitors will be able to access a series of new features and investment research tools to make informed investment decisions.

Some of these tools are:

– Stock screener
– Financial calculators
– Stock Market glossary
– Customizable ticker
– Business news
– Exchange Traded Funds (ETF) portal
– And much more

I like ETF portal the most. Exchange Traded Funds (ETFs) are growing in popularity and opening up new investment opportunities and possibilities. I encourage you to check out TMX Money’s ETF section as it provides helpful ETF information. Visit TMX Money for more information.