Personal Finance: From Credit Scores Reliance to Debt Freedom

Modern teaching about personal finance encourages people to concentrate on credit scores, cheap credit, and credit cards. Essentially, it assumes you will live in debt forever. It does not mention the single, critical, controllable element in personal finance—individual choices that decide spending and lead to financial results. Getting out of debt is primarily a behavioural matter; […]

Read More

Household Indebtedness in Canada Climbing To New Heights

Why are Canadians acquiring so much debt and ignoring lessons from the USA’s sub prime debacle? Cheap, easy money is addictive! Besides, history would suggest that when housing prices fall and interest rates rise many people will have no problem using the victim card and blaming financial institutions, businesses, the one percent … everyone, but themselves. Still, there is hope to avoid the inevitable meltdown.

Read More

Stock Market Swings Getting Steeper, Beware

What is happening on global Stock Markets? Large fluctuations in the Dow and other stock exchanges over the past months are causing great anxiety. It’s been a bumpy and costly ride for many. If you plan to invest, don’t gamble or speculate; develop clear goals and plans and be prepared to focus on the long term. Though the market has wild swings, it rises over time; be patient, apply good stewardship to handle God’s money for His glory.

Read More

ABCs and 123s of Getting Out Of Debt and Staying debt free

If folks focussed on the ABCs of getting out of debt: attitudes, behaviors, and choices, instead of credit scores, refinancing, and other money related activities, they would find the getting out of debt procedure highly targeted, and less frustrating. Without attitude changes while in debt, you will meander as you try to fix your credit score and debt payments; merely reinforcing Einstein’s comments: Insanity is doing the same thing over and over again and expecting different results.

Read More