519-646-2222Category: Something to Think About
Borrow Your Way Out Of Debt
You cannot borrow your way out of debt. Trying to do so is a useless strategy that will get you into far more debt than you had to begin with.
Read moreSpotting Fake News
Spotting fake news can be a real challenge for all but the suspicious and conspiracy minded among us. But it is important to check and back check information being fed through news streams in order to remain well informed. Just because you like the sound of it or it makes you feel warm and fuzzy doesn’t mean it’s true.
Read moreNew Car
Cars, cars, cars, Canadians love their cars – new cars used cars, beater cars, winter cars, summers cars, sports cars, have we got a car for you!
Read moreFinancial Literacy
Many professionals who work in the financial industry are functionally financially illiterate, only comprehending a specific area of expertise. Consumer finances have become extremely complicated in recent decades.
Read moreDid you know
Did you know there are many aspects about our economy that are not discussed, especially related to debt?
Read moreLatest credit card numbers
The latest credit card numbers are finally out from the Canadian Bankers Association on how Canadian use credit cards. You can follow the link to see for yourself but here’s the highlights and some considerations.
Read moreCongratulations
Decisions, decisions, but congratulations on whatever you decide, rest assured it was your choice but you must live with the consequences.
Read moreEnough is Enough
Stop kidding yourself, you can’t afford all the debt you and your family are trying to service. It may be the case, for some folks, that you can’t afford not to have the debt – the cost of living has risen faster than your paycheque.
Read moreRebuild Your Credit
We see that slogan everywhere “rebuild your credit” everyone seems to be using it from mortgage lenders through to used car salesmen. But, caveat emptor (buyer beware) things may not be what they seem. Usually when I hear the expression “rebuild your credit” the first thing that comes to mind is “high interest” and the […]
Read moreLiving in Canada
Living in Canada is extremely challenging and not getting easier. The cost of living continues to increase faster than incomes and taxation is not helping. Adding the new carbon tax to the mix it is highly likely that Canadian consumers are paying more than half of their income in some form of taxation. Paper, ordinary […]
Read moreCredit “Caution Debt Ahead”
You may have thought Venezuelans were in trouble, you already owe twenty-four (24) times more debt that them. What are you going to do about it?
Read moreCredit Card Business
The credit card business is one that everyone wants to be in on, including Apple (the computer guys). Unfortunately, the banks have a virtual monopoly and make it challenging for anyone else to enter the playground. Here’s how the business works, in the simplest terms: Lend someone something that doesn’t exist on terms of repayment […]
Read moreCredit Cards for Bankrupts
Credit is a whole lot easier to get following a bankruptcy or proposal filing than you might expect.
Read moreFake News – Sunshine List
The media seems to be getting more and more lax in its reporting as time goes by. If all Sunshine List members earning less than $152,000 per annum are dropped we get a more meaningful picture.
Read moreLow Interest Loans
Things aren’t always the way they seem, especially with low interest loans. The idea of low interest loans is attractive especially to people who are on the threshold of financial collapse. We’ve previously blogged about low interest and how a low interest consolidation (into a mortgage) compares in cost to paying higher interest credit cards. […]
Read moreHappy New Year
To all our clients, families, friends and colleagues we wish you a very Happy New Year and hope you enjoy good health and prosperity. I am reminded of a couple of quotes that seem appropriate for this time of the year. “Forget your past, forgive yourself and begin again right now.” —Osho “When I let […]
Read moreMerry Christmas
Merry Christmas to all our clients, friends, colleagues, associates and respective families. We hope you have a safe an enjoyable holiday season and remember to drive safely and cautiously, especially under extreme weather conditions. Our office will be answering client inquiries throughout the holiday period and will open as usual on December 27th and 28th, […]
Read moreCourt Backlog
The London, Ontario, (Bankruptcy) Court backlog is starting to pile up. Licensed Insolvency Trustees are experiencing a backlog of matters involving discharge hears, proposal approvals and revivals as well as taxations. This will have an impact on a significant number of people including those filing three or more bankruptcies or those who have not properly […]
Read moreReal estate bidding wars
Real estate bidding wars have become the new normal, well relatively new. Realtors’ practices have changed and evolved over the years. It used to be that a house would be priced close to the expected final sale price and if the Realtor had done his or her homework the deal would usually close within 10% […]
Read moreEasy Money
The headline reads “the world of easy money transformed Canada into debt nation”. But that isn’t exactly true – it is the world of irresponsible banking that made it appear we have easy money. We’ve said it before, Canadian chartered banks issue credit cards on repayment terms that extend over hundreds of years. That is […]
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