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’ll let you in on a well kept secret: Coburg, Ontario is an amazing town with a beach that makes me wonder why I would ever pay to go down south (well, at least for 6 months of the year!). Fiona and I spent the day there for Canada Day and the weather was absolutely perfect. The waterfront is well taken care of and there was even a small amusement park right on the pier. It’s located about 1 hour east of Toronto and if you like taking day trips to explore the smaller communities of Canada – put Coburg right up there!

A Lap Of The Blogs

Thicken My Wallet explains the basics of dealing with collection agencies.

Michael James On Money discusses the truths and myths of Dollar Cost Averaging.

Larry MacDonald wonders if the financial crises is getting worse.

The Canadian Capitalist continues his tour of ETFs, looking at Vanguard’s Total World Stock ETF.

The Million Dollar Journey starts a discussion on what retirement means to different people. The future ain’t what it used to be. :)

Canadian Financiay DIY looks at estimates of future returns of the markets from a few different sources.

Ellen Roseman wonders why a $198 airfare came out to $408.41 after taxes and fees.

This Week’s Racing Video

I can answer Million Dollar Journey’s question right now: My retirement would be spent playing with this racing simulator all day long! :) A small company out of New York which if memory serves, is made up of a former military flight simulator designer and a former GT1 driver decided to make this ultra-realistic driving simulator. I believe the cost for this model is about $15,000US. Check it out – in this video they are simulating a World Rally Challenge car and the driver rolls the car at the end.