Financial Literacy: The Key to Financial Well-Being
What does it mean to have good financial literacy? Being financially literate means having the knowledge to make decisions that will positively impact your financial health. As noted in the…
It’s All About the Money
OWN YOUR POTENTIAL engage, explore, evolve Potential: (adj.) Capable of being but not yet in existence. (Noun)The inherent ability or capacity for growth, development, or coming into being. “What is…
Financial Abuse Against Seniors
A recent article in the Vancouver Sun got my blood boiling. It was a story about a man in St. Catherine's, Ontario who lost his home, car and possessions. A…
Answers to the Most Asked Debt Questions
We get a lot of great debt questions from our readers. In this post we’re going to share some of the best and most common debt questions we receive, along with our answers, so read on to find out what everyone wants to know!
Death and Taxes – and Debt
The old joke about the sure things in life used to refer to death and taxes. I think we need to add consumer debt to this list. Certainly if one considers the irrefutable fact that Canadians have borrowed more and more money each and every year – from $20 billion in the 1970s to the current outstanding consumer debt of $516 billion today. Debt is just as predictable as death and taxes.
Real Estate and Mortgage Debt
August 20, 2013
Margaret H. Johnson
Reports are circulating once again that a crash landing of some type is still written in the stars for real estate values. What is meant by crash landing is that property values will drop 25% perhaps by 2015. This prediction came on Tuesday, July 30, 2013 from Capital Economics.
The great debate continues. A soft landing for Canada’s housing market gets the consensus amongst other analysts.
Either case sends fear up and down the economic food chain, especially for those of us trapped in middle and lower incomes, where our one and only substantial asset is our homes. What would happen if we lost 25% of the equity in our homes?
How are we supposed to react to this kind of news?
