Canadian Household Net Worth Up
A household’s debt as a percentage of it’s net worth keeps dropping. What does this mean? It means we are worth more and/or our debt is worth less as a percentage of what we… Read More »Canadian Household Net Worth Up
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Debt Reduction
Einstein and Your Money: Why Doing the Same Thing Keeps You Broke
Einstein once quipped that insanity is doing the same thing over and over and expecting different results, an idea that applies beautifully to your financial life. Whether it’s paying only the minimum on credit cards, letting lifestyle creep drain savings, or pretending debt will magically shrink, the truth is simple: unless your habits change, nothing else will. Using the concept of “Einstein finance,” this updated reflection highlights how Canadians can rethink debt, understand the Rule of 72, and escape the cycle of repeating the same financial mistakes. A smart, humorous nudge toward actually changing what isn’t working.
If the Olympic Stadium gets paid off, any debt is payable!
The Olympic Stadium debt hung on the city of Montreal for over 30 years, but it was finally paid off, so why can’t you pay off your debt?
Debt Reduction Lifestyle
Let’s wrap up this week’s topic of the essential and permanent lifestyle changes that are going to be needed to be successful in your debt reduction plan. Debt reduction lifestyle changes must be made. In… Read More »Debt Reduction Lifestyle
Options for lowering your monthly payments
Another interesting headline that I saw floating by. Let’s dissect this topic and think about what this is saying. There are two ways to lower your monthly payments : Get the interest rate on the… Read More »Options for lowering your monthly payments
