June 2016 Bob Hauck, 4 Pillars Consulting Group, Kamloops, BC Jason was in trouble and he knew it! He didn’t have much debt – really only about $10,000, but it was the worst kind of debt – payday loans. Much like the 1980’s cult classic movie, “Escape from New York”, he needed to escape from...Continue reading
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
What is the true cost of servicing 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...Continue reading
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
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
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: Conquering the Aches and Pains of Debt Season It’s that time of year. You’re body aches, your head hurts, you can’t breathe, you can’t sleep, and when you do your fevered dreams are horrific. This is no common cold, there’s no shaking this one off with a decongestant and a weekend in bed. ...Continue reading
Debt Help: Breaking Up with Debt in One Easy Step They say that breaking up is hard to do. But if you’ve had it with your debt constantly sucking the life out of you, breaking promises, eating away at your savings, squashing your dreams and embarrassing you at every turn, perhaps it’s time for the...Continue reading
Debt and Fear: What Do You Really Have to Lose? Fear is paralyzing. It keeps you from moving forward. It doesn’t matter if yours is a fear of failure, a fear of success, or a fear of change. Fear immobilizes you, whether you are conscious of it or not. Fear keeps you from picking up...Continue reading
How will debt consolidation help me with my debt? You may be in need of some debt help if you are having a difficult time making all of your payments, if you find you don’t have enough money at the end of the day for food or necessities because of your debts, or if you...Continue reading
