Popular wisdom says that personal debt builds when you live beyond your means, using credit to pay for what you can’t afford. All true, but what about the family that doesn’t live large, isn’t taking a vacation every year, yet find themselves facing a boatload of debt? Here are 5 reasons why your debt might […]
There are many reasons to avoid loaning money to family and friends. On today's podcast, Doug Hoyes talks about whether you should help friends financially and provides a 'helping friends financially checklist'.
Listen to the podcast to learn Why You Should Never Loan Money To Family and Friends Today I want to talk about something that gets a lot of people into trouble: loaning money to family and friends. I understand the issue. You’ve got some money, your family member or friend needs some help, so you […]
Doug Hoyes and Ted Michalos talk about the October 2016 mortgage rules announced by the federal government and how they affect insured mortgages, borrowers, lenders and the real estate market. Listen to the podcast.
Listen to the podcast: Is the Sky Falling? Will the New Mortgage Rules Hurt the Real Estate Market? Doug H: On Monday October 3rd finance minister Bill Morneau announced big changes to Canada's mortgage lending rules. Real estate agents, mortgage brokers, real estate lawyers, they're all in a panic worried that these new rules, scheduled to […]
In our first technical tidbit podcast, Doug Hoyes explores the tax and legal implications of withdrawing money from your RRSP to pay off debt. He explains how RRSP savings are protected from seizure in a bankruptcy in Canada.
Today’s podcast is the first ever podcast interview with Jonathan Chevreau and Mike Drak together, talking about their new book Victory Lap Retirement about how to transition from a high stress work environment to a low stress sustainable lifestyle to enjoy a happier, healthier life.
Listen to Victory Lap Retirement. EXCLUSIVE First Podcast Interview Doug H: Today we're going to talk about retirement. No, I'm not going to talk about how much you need to save for retirement; I'm not a retirement expert so you don’t want me doing that math for you. I'm a debt expert and I happen […]
Doug Hoyes and Ted Michalos held a LIVE webcast answering questions from real listeners and subscribers about dealing with debt. Here is the podcast version.
Listen to the podcast: Everything You Were Afraid to Ask About Debt Doug Hoyes: It’s 7:00 pm on September the 14th, 2016 and we’re broadcasting live from the Hoyes Michalos offices here in Kitchener, Ontario. Today’s topic is ‘Everything You Were Afraid to Ask About Debt’. We know that debt is an uncomfortable topic. You […]