There are reasons why RSP’s, insurance policies, equity in the home, among other items are exempt from being liquidated in the event of an insolvency. In an effort to keep this blog post at a reasonable length, I won’t go into detail about our highly leveraged financial system. In saying that, suffice it to say, … Continue reading Stop cashing out investments to solve debt!
Consider this, our standard file: $50,000 of credit card debt. If the person would like to pay the $50,000 off in 5 years, they would have to pay an estimated $1,541.67 per month for 60 months. Therefore, the total payback = $92,500 In order to pay back $92,500, one has to earn an estimated gross … Continue reading What is the true cost of servicing debt?
How to Use Your Credit Card Responsibly Credit cards can be a useful tool when it comes to your finances. They give you the ability of buying now and not having to pay it off until the grace period is up at a later date. There are also many fantastic rewards available through many different … Continue reading How to Use Your Credit Card Responsibly
The Land of Oz: Pulling Back the Curtain on Debt Once upon a time a girl named Dorothy got swept away by the storms of life landing in a world of debt. Dorothy had been told if she followed the Yellow Brick Road she would get herself home, free of debt and all of the … Continue reading The Land of Oz: Pulling Back the Curtain on Debt
Debt Help: Your Fairy Tale Ending There’s no doubt about it, Fairy Tales should not be exposed to little girls because they create ridiculous and unrealistic expectations. Yes there’s something wonderfully innocent about dreaming of your fairy tale ending, but the cold hard reality is this; glass slippers are uncomfortable, step mothers are not the … Continue reading Debt Help: Your Fairy Tale Ending
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