Weekly Round Up – Halo Effect, Year-End Deadlines & More

As we are heading into the holiday season and year end we get busier and may start to forget some important tasks before the end of the year, Canadian Capitalist has put together a handy Year-end Financial Deadlines.

Most of our spending and consumption is psychological driven and often we are unaware of them, Gail discusses one very prominent psychological phenomena; The Halo effect. Of course as a behavioral finance enthusiast this was my favorite piece of the week.

Although this year started rough for the Canadian economy and stock market things have turned since March of this year. We have seen the stock rise well over 45% and the housing market has improved Rob Carrick @ Globe & Mail discusses on how this helped Canadians and their networth.

Want to be a millionaire? Million Dollar Journey (who is well on his way to becoming a millionaire himself) lists top 10 wealthiest Canadians and what they all have in common, find out and maybe you can be among them soon.

Currently I am reading Stop Acting Rich and Start Living Like A Millionaire by Dr. Thomas J. Stanley (review and book giveaway coming soon) in his book he states that his research shows that most millionaires are not big spenders but are in fact frugal people. Yahoo Finance speaks with Dr. Stanley on this topic in To Act Like the Rich, Be Frugal.

Insurance is always a confusing topic for most people, yet it is a crucial part of financial planning. Canadian Finance Blog discusses how you can determine if you have sufficient home insurance.