519-646-2222Blog Articles
Meet Gary Stephenson
Meet Gary Stephenson, one of my favourite economists who speaks in simple terms for an unsophisticated audience – us!
Read moreBankruptcy; Costs and Consequences
The costs and consequences of filing for bankruptcy are usually worth it to get you a fresh start.
Read moreLeverage: who’s leveraging who?
Is it leverage or self-liquidation? The two terms are often confused and sometimes used interchangeably but have quite different meanings.
Read moreProposal or Bankruptcy
It’s your choice – proposal or bankruptcy? Your LIT will guide you but not make your decisions for you! In an ideal world you would be able to live without debt.
Read moreInsolvency: Bankruptcies and Proposals.
Insolvency is only one part of the solution. When the sun is shining your banker is there with an umbrella, but when it starts to rain he’ll fight you like the third monkey on the ramp to Noah’s ark to get it back.
Read moreYou Can’t have your Cake and Eat it!
When the chips are down that is the time to let go, not to try to hang on!
Read moreMortgage Defaults on the Rise
Recent media reports indicate a 600% increase in Powers of Sale by banks, with private mortgagees also commencing similar proceedings. Other reports note that 1.4 million consumers are in arrears on debt payments. Defaults are inevitable in today’s debt-saturated economy. A significant percentage of the population is entirely debt-dependent, with no realistic hope of repaying […]
Read moreBuying a House is Insanity
The Case for Selling your House
Canadians are desperately clinging to their homes while sinking deeper into debt. For many, the logic simply doesn’t add up—and here’s why: Buying a House Is Not an Investment When you acquire an investment, you do so with the reasonable expectation of growth, along with the flexibility to move from a non-performing asset to one […]
Read moreConsumer Proposals – and social challenges.
Consumer proposals are legal arrangements between debtors and creditors that change how debts are repaid. Typically, a consumer proposal includes all debts and reduces both the principal amount owed and the monthly payment terms. Consumer proposals carry no interest, and the Licensed Insolvency Trustee’s (LIT’s) fees are not added to the payment terms; instead, they […]
Read moreHow Long Before I Get My Credit Back?
Cash Was King: A Farewell to Simpler Times
Cash has almost completely died with about $1.5 billion in circulation, Canadians charged close to $1 trillion on Bank Issued Credit Cards each year!
Read moreHow China Turned Its Economy Around by Embracing Capitalist Principles
Mortgages Aren’t Investments—They’re Life Strategies
Mortgages aren’t investments, at least not for you they aren’t. If you are refinancing your home, and not paying off your mortgage, you are doing it all wrong.
Read moreThe Precarious State of Canada’s Debt Economy
Canada’s debt economy is in trouble and it seems no amount of creative accounting is having a positive impact.
Read moreHow Banks Sell You Your Own Debt: The Hidden Loop Behind Mutual Funds, RRSPs, and 401(k)s
The debt loop that most people are unaware of – banks sell you your own debt, here’s how it works.
Read moreGreat New Business Opportunity: Homelessness!
Sadly, homelessness as with Drug Addictions and Mental Health is treated as a business by politicians and charitable organizations. Although massive amounts of money are allocated to each “cause” very little of it actually provides any help or support for the afflicted. Rather the money is soaked up by a bloated bureaucracy.
Read moreCanada’s Housing Illusion: Aging Homes, Overvaluation, and the Debt Burden
Canada’s housing illusion is a topic that frequently arises and is a very real challenge for all Canadians.
Read moreThe Debt Spiral: How Increasing Debt Fuels Inequality, Inflation, and Economic Instability – Economists are always wrong!
The only way the economy ever gets better is to tax the rich, stabilize interest rates and reduce taxes to break the debt cycle.
Read moreThe Debt Matrix in Canada: A System of Perpetual Financial Entrapment
Trapped in debt? Canada’s system offers relief—but not escape. Discover how insolvency resets the game without changing the rules.
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