Debt Free in 30 is a weekly podcast where Doug Hoyes talks with industry experts and insiders about debt, money and personal finance, with an emphasis on practical advice. Available on iTunes, Stitcher and Spotify.
Whether you are about to start your post-secondary education, start a family, or are headed for retirement, debt problems can happen at any age. While the average person who files for bankruptcy in Canada is... Read more »
If you owe a debt in Canada, but live elsewhere in the world, should you ignore past due Canadian debts you can’t afford to pay, or can you file bankruptcy in Canada when living abroad?... Read more »
The use of computer technology to manage money continues to explode across the financial services industry. Enter the robo-planner. The question is can an online computer platform help answer common financial questions like should you... Read more »
A joint bank account is an account that allows two or more parties to each deposit, withdraw and manage funds in the account. Whether or not it’s a good idea to get a joint account with... Read more »
Current regulations allow financial advisors to sell products like mutual funds and give the appearance that they are giving you financial advice that fits your situation. The problem is embedded advisors, like those at your... Read more »
If you are over-mortgaged and facing negative equity in your home, can you walk away from your mortgage in Canada? We explain what you can do when you can’t pay off the entirety of your... Read more »
A recent Twitter headline claimed that actor Charlie Sheen is having a ‘dire financial crisis‘ with less than $10 million to his name. While that might be a bit extreme, no matter how much money... Read more »
Student loans are only automatically discharged when you file bankruptcy in Canada if you have ceased to be a student for more than seven years at the time you file. However, there are cases in which... Read more »
September is a time for a fresh start. The kids are back in school, everyone’s back to work after their summer vacations, and it’s a whole new season here on Debt Free in 30. I... Read more »
Money management is hard. That’s why so many people don’t do it. Over the years at many credit counselling sessions with clients I’ve explained budgeting, and spreadsheets, and budgeting apps, and lots of other techniques... Read more »
Here’s a bold statement for you: debt levels don’t matter. Why? Because it’s not the level of debt that causes the problem necessarily. It’s whether or not you can service it. On our year-end review... Read more »
You’ve probably heard the stories of how a $90,000 debt was paid off in just 3 years. Or a $115,000 debt was paid down in just 2.5 years. While these are certainly inspiring events, they’re... Read more »
If you think your finances are under control because you’re keeping up with minimum monthly payments on credit card debt, think again. To become debt free, you need to pay down more of your balances.... Read more »
On today’s show, recorded in July, 2018, I give my thoughts on what the bankruptcy of Tesla Inc., the electric car company, can teach us about how we manage our own personal finances. And yes,... Read more »
There’s a saying that ‘you shouldn’t put all your eggs in one basket’ and this rings true for bank accounts. While it is convenient to have all your finances located at one bank, what happens... Read more »
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