Retiring a Debt?
A classic rant from 2007 about spending too much and going into debt. Retiring a Debt Plan So what do you do when you retire a debt? I have heard a bunch of folks make… Read More »Retiring a Debt?
A classic rant from 2007 about spending too much and going into debt. Retiring a Debt Plan So what do you do when you retire a debt? I have heard a bunch of folks make… Read More »Retiring a Debt?
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
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,… Read More »Einstein and Your Money: Why Doing the Same Thing Keeps You Broke
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?
A debt reduction lifestyle requires daily choices, delayed gratification, and patience. It’s uncomfortable, often annoying, but effective. This classic advice from 2006 still applies today: debt freedom is a journey, not a quick fix.