Budgeting Like Dieting Doesn’t Work, Here is an Alternative

Budgeting, like dieting, doesn’t work because folks don’t embed it in their lifestyles. It’s a chore a finance person recommends. Can we achieve budgeting’s goals a better way? People save leftovers after spending. Is there another path? Take Warren Buffett’s advice, “Do not save what is left after spending; instead, spend what is left after saving.” The […]

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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.

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Prolonged Low Interest Rates Fuelled Unprecedented Greed

Two of my favourite quotes are from Einstein: “Insanity is doing the same thing over and over again and expecting different results.” And, “We can’t solve problems by using the same kind of thinking we used when we created them.” Canadian and US Governments are bent on proving Einstein wrong! Prolonged low interest rates fueled unprecedented greed by corporate executives and individuals, feeding off each other. Executives gambled with shareholders’ funds knowing there was no downside for them, but phenomenal upside.

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