Higher Interest Rates? Learning to Say No.

Three or four years ago people thought interest rates were going to go negative. There was talk about the bank actually giving you money for free because the interest rate was actually lower than inflation. Imagine… free money. Little did people know, there was no such thing as free money. Those that took the bait…

When Will Personal Finance Have A Coming Out Party?

Over the last decade or so there have been large public and political movements to get greater representation of women in executive roles. There has also been a wide acceptance of gays and lesbians into our communities. People continue to stand up for equal rights in the Black Lives Matter movement. And we also see…

How To Tackle Your Debt Properly

In my last post I wrote about how much I hate debt. If you can avoid it, then do so at all costs. There is nothing worse than having the bank, or whomever you owe money to, suck your money away from you on a monthly basis. Debt is an instrument used to get ahead…

Do I Owe My Parents’ Debt?

Let’s face it. Not all of us have financially responsible parents. Though we would like to see them as role models, some of us just have parents that don’t make financially sound decisions. Hey, let’s not blame them for their flaws. No one has ever taught anyone about proper personal financial management. Maybe not until you…

Can You Retire With A $1M House?

The latest financial news to hit the wire over the weekend was a report that stated that Canadians now owe $1.65 for every dollar earned. Most of  the debt was due to the rise in mortgage loans that Canadians took out as houses continued to hit record highs in the popular cities of Toronto and…

Why I Hate Debt

I love going to the gym. If it wasn’t for the fact that I eat a lot of carbs and fatty foods then perhaps I too would have a chiseled chest and a rock hard 6-pack. If only I had the same resolve about my diet as I do for my dislike of debt, but it’s just so…

What Greece Has Taught Us About Debt

By now everyone knows the story about Greece and what it had to go through to stave off bankruptcy. It was never like this, nor did it ever have to get to this point, but the truth remains and still remains that the country had borrowed more than it could repay. People talk about good…