Goodbye Moneysense

So after years of it coming to my door I just got my renewal notice for my Moneysense magazine subscription and I cancelled it.  Pardon!?!

It occurred to me I had kept the subscription up because I thought I liked the magazine still.  Yet when I thought back to the last issue I realized I only skimmed the vast majority of the magazine.  This isn’t a slight against a the magazine as it did provide me with a lot of education over the years, but now I’ve realized I’ve out grown it.

I’m sure anyone who has read on a particular topic for a while is familiar with this problem.  You start reading a particular set of information sources until one day you realize you actually already know the majority of what is in the information source.  In a nut shell, you have ceased to learn anything more from that source.  I’m at that point with Moneysense magazine and actually several of the blogs that I used to enjoy reading.  In some regards I feel like I’m eating fish from these sources when in fact I know how to get my own fish now so it seem sort of pointless to continue reading.  Except perhaps for the ones I just find entertaining regardless.

But Tim, don’t you produce some ‘fish content‘ as well? Hell yes I do.  Why?  I understand not every comes to this blog at the same reading level, some of you need some of the basics which does result in ‘fish content‘.  I don’t mind doing this some of the time as long as I don’t feel like I’m repeating myself endlessly.  I also still try out new things and share those experiences with you.

So goodbye Moneysenese, I’ve enjoyed you over the years but it is time to move on.  So what have you stopped reading as you have moved along your path to financial independence? What did you start reading?

8 thoughts on “Goodbye Moneysense”

  1. I think that’s why I like blogs so much. Even when the content might be the same, it’s really the writers and the personal elements of their story that gets me coming back.

  2. I will admit, I used to be a huge Dave Ramsey fan. This is going back about 10-12 years ago. I stumbled across him when I was searching the web for inspiration to get out of debt. At the time, I had exhausted sites about generic ways of cutting expenses (reduce dining out, bundle your cell & home phones, cook at home more) and felt I needed a cheerleader to keep me going. My then husband left all the finances to me and would get angry when I told him we had to cut back spending. I felt alone in my struggle and the encouraging voice on the website to not give up helped a lot.
    Things gradually fell apart anyway, and I went a few years when I didn’t listen to DR. Once on my own again and determined to get my money in order, I tried listening to him again, but it just didn’t do it for me any more. I knew the steps, I could probably answer many of his callers the way he would, but I needed more.
    That was about the time FI/RE blogs started showing up in searches for frugal, happy, simple living, and I started reading them and being inspired again. Some blogs I’ll follow for a while and drop as I don’t feel any connection to them (I’ve found those are usually the ones that have been around too long and still attract the consumer crowd), others I’ve gone back and read through the entire archives, and look forward to new content.

  3. I admit I started reading it late in it’s lifetime but I went through the archives of The Simple Dollar, which you link to. I loved it. But I do not know if you have been on it in the last while but it is almost unbearable to read anymore. Even if the writer Trent used to have an interesting personality in his writing it is gone now. I heard he sold the site to a company and that may have something to do with it. Regardless I still check it everyday hoping it will go back to the way it was. I always come away disappointed.

  4. Interesting your post, I have subscribed. Not gotten one in a while, so I suspect that my subscription has ceased.

    Not sure if I will renew either, for similar reasons, to what you have cited.

    Interesting, to happen at the same time…

  5. I used to have a cell phone plan with Rogers and I added Canadian Business and MoneySense to my bill for $2/month. When I switched cell phone providers last summer I guess I forgot to renew the magazine subscription. I didn’t even notice for 3 or 4 months.

    I used to love reading those magazines the day they came in the mail…but now I don’t even miss them.

    I should mention that I do enjoy reading their content online.

  6. I like Moneysense, Money, Fortune 500, Kiplingers. I consider them for the most part financial pornography, but enjoy them mainly as entertainment and of course you do learn some tips from them. Nothing like a family that makes $300,000.00 a year and they are hopelessly in debt… wow. Some good reading there.

    As for blogs, I originally thought blogs were things that people did just for the love of being interested in a particular subject. Then of course i woke up and realized people were make varying amounts of money with them based on traffic numbers and advertising, and i think linking to other sites.

    The problem I have with that is some blogs become firstly sources of income and the content second. I also to a degree have issues when a lifestyle is supported by the blog through its readership. It almost feels like you are being tricked to create someone else income. Your sort of drawn in by a friendly feel of a site, but it’s a thinly veiled front for a cash generator. Many times the articles are rehashed ones from other sites or old subjects revisited. One in particular I had followed morphed from a financial site to a travel diary and completely lost me. The site’s popularity supports her world travels.

    I will continue to get my magazine subscription through my Rogers account, I cancelled my leaf tv subscription, so that savings will pay for it.

  7. No, I don’t read that kind of stuff anymore. Years ago, I learned what I need to know (pre-blog-internet)and if I need to figure something out, I google it.

    For the few blogs that I read, I read to know how people are doing. It’s like checking in with friends that have some of the same goals. If someone starts writing too much for google juice or newbies (insurance, mortgages, tax ad nauseum…) vs. their real lives, I’m not interested.

    A good blog is sometimes musing out loud too or thought experiments – Dave does that a lot as well as you and that’s interesting since he goes through a lot of the thought processes I have gone through in the past 5-10 years.

    Occasionally I have liked dropping in on ERE and Mr. MM but they tend(ed) to be a little more enthused with their own opinions or methods than I think is healthy (ie. frugality or lack thereof isn’t really a moral issue and there’s no need to turn it into a religion.)

  8. I myself invest in stocks I like so I don’t only read business news/magazines but also other news/magazines with more ‘fun’, like travelling, electronic gadgets, fashion, real estates etc. I love going to the library in addition to subscribing a couple of my favorite magazines.

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