Category Archives: Blogs

Interview with the Canadian Capitalist

The Canadian Capitalist has been around for over two years now and is considered to be one of the best objective personal finance blogs in Canada. I recently got a hold of this blogger to discuss his blog.

CD: Your blog has been mentioned in Moneysense magazine, the Toronto Star and the Globe and Mail and too many blog rolls to count. How does it feel to be a respected Canadian blogger on personal finance?

CC: It is a humbling experience. My blog is still small, so it is very nice to be recognized.

CD: A few of your readers have commented on the quality of your writing and suggested you should write for a magazine. Would you?

CC: I haven’t considered writing columns for magazines so far but maybe I should consider such a part-time gig.

CD: After reading your blog for about a year now I can’t help but notice how easy you make writing a blog entry every weekday. After trying to do the same for a few months now I’m starting to understand the work involved. So how much time do you spend a week working on your blog?

CC: I spend at least an hour each day on the blog, so my weekly commitment would be at least five hours. It also depends a bit of how easy it is to write. Sometimes thoughts just become words effortlessly and sometimes I stare at the blank screen for an hour and couldn’t put two sentences together. I also spend a bit more time reading books, newspapers, online columns and other blogs, but I would be doing this anyway, so it doesn’t count as blog work.

CD: Do you find maintaining a balance between your family/work/blog difficult with the time commitment involved?

CC: I don’t find maintaining the work/blog/family balance difficult at all. I typically spend an hour writing after the kids have fallen asleep. I do find it difficult that with two young boys, a blog and a two-career family, I have very little time for other activities.

CD: Do you feel that your are more educated after writing this blog for just over two years? Why?

CC: I feel that writing the blog has been a good learning experience. I love blogging because I have a dialogue with my readers and I have learnt a great deal from their comments. For example, one reader pointed out that I could avoid currency conversion charges with TD Waterhouse, which would help me and others avoid those pesky fees.

CD: Do you think your blog has made a difference in other people’s lives? Why?

CC: Surprisingly, I have to say that I am not sure that I have made much of a difference in my reader’s lives. Most, if not all of my readers are themselves financially savvy and they would do just fine even if my blog never existed. Perhaps, in the future, as more people read the blog, I would be able to make a bit of a difference.

CD: With over two years of posts what are some of your favorite ones?

CC: Diversify, Diversify, Diversify highlights the perils involved in over weighting a hot sector and In Every Little Bit Adds Up, I share a story on how small amounts saved can lead to a serious chunk of cash.

CD: Numerous bloggers start a blog than burnout or go inactive in a few months. What advice do you have to bloggers just starting out?

CC: One advice I can give bloggers who are just starting out is to write because they love to and not for any other reason, especially money. I also suspect that most bloggers who start out underestimate the time commitment needed to write even one post every day. In a few months time, as the effort required becomes clear, most people get discouraged and quit. I would also suggest trying out blogging on one of the free sites first to see if it is something they would like to do.

CD: An in closing I have to ask, so when do you want to retire early?

CC: I want to retire (in the sense that I don’t have to really work for a paycheck) in my mid-fifties. I am 33 now and though I am pretty sure that I will be retired in another 20 odd years, I am not sure that I can plan for such a long term. I figure that if I set short-term goals for the circumstances I am reasonably sure about, the long-term will take care of itself.

CD: Thanks for your time CC. Tune in tomorrow folks for another blogger interview.

Blogger Interviews Project

Later this month I’m planning a week long series of posts with interviews from various personal finance bloggers in Canada. So far the project is going along great, but I’m now one slot short of my original plan and I’m not sure who I should ask to fill in that slot.

So dear readers, here is your chance: which personal finance blogger would you like to see interviewed? Please leave a comment with your requests and I will try my best to get the blogger with the most votes.

Suggested Blog Reading – Part I

The great thing about blogs is there is just so many of them with interesting points of view. Here are a few that I read regularly.

Canadian Capitalist – A fellow engineer in Ottawa that posts every weekday for over two years now! A wide range of topics are covered including spending, saving and current events. A must read during my lunch hour if nothing else for all the interesting debates that tend to come up in the comments to some of his posts.

Canadian Financial Stuff – A quirky blog by another guy in Ottawa. It often features interesting rants and different ideas on the world of personal finances.

Canadian Money Blog Reviewer – A newer blog that seems to off to a promising start. Offering a wide coverage of topics and a very open door policy on topics/help for readers.

The Dividend Guy Blog – If you own any stock with a dividend in Canada you have to read this blog. The author is from Alberta and has some solid advice on dividend paying stocks.

Million Dollar Journey – A blog about a 27 year old trying to get his net worth to $1 million by the time he is 35. So far so good, this blogger is very active in the personal finance blog sphere and you will often see his comments on other blogs such as mine.

Well that’s just a small sample of a few the blogs I read. I’ll post more later.