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 like lattes, but they’re so expensive if you don’t make them yourself. With my new commute to work taking 75 minutes on a good day my morning caffeine has become much more important to me. I bought an espresso maker and an automatic milk frother for $250, which came with a $100 credit for the pods used to make espresso. This gives me roughly 172 espresso shots. If you add in the costs for milk I’m probably paying about 80 cents for a latte now. I further found a great deal on The Source by Circuit City for two travel mugs (his and hers) which plug into your car or laptop and keep the contents at 155 degrees farenheit – for $14.99. I’ve been in heaven this past week – and the lattes taste as good as Starbucks. An even better idea would be to stop drinking coffee, but I’m no miracle worker here people… :)

From Around The Blogosphere

Canadian Capitalist has a fantastic post which looks at the true costs of currency hedging.

Michael James writes about QuickTax’s new Audit Defence service. If I were the CRA, I’d try to find out everyone who enrolls in it and audit them because psychologically, buying this might make you a bit more creative with your tax return.

Million Dollar Journey explains 9 Ways He Saved Taxes last year. All on the up and up, probably won’t need Audit Defence. :)

Four Pillars looks at why the Stock Market is a Giant Distraction. Just like Showcase on Friday nights (I know, I’ve used that one before but it’s always a winner).

Big Cajun Man’s story about his employment at Nortel and the fate of some colleagues is stirring. A good read.

Thicken My Wallet gives his take on how to be good at creating opportunities for success.

Canadian Dream reviews the book “Crash Proof” which predicted the current market crash, and was written in 2006 and published in 2007.

This Week’s Racing Video

This is one worth watching. This is an updated version of a video that compares just how much faster a Formula 1 car is versus any other racecar and even a street car. Mind blowing!