First of all 25% of Canadians think that their mortgage and car payment is not considered as DEBT. Let me just say that these people need some serious “personal finance” training from Rich Dad, Poor Dad. Anything that takes /subtracts from your monthly income and cause you to have less disposable income / spending money is considered a liability or debt. Also any loan/credit that keeps you from saving money in a TFSA or high interest account is detrimental to your financial health.
Posts Tagged ‘Canadian’s’
50% of Canadians Expect to Be in Debt When They Retire
Tuesday, December 2nd, 2014Middle-class Canadians: Stretched Thin & Struggling
Thursday, April 3rd, 2014
Canadians are at approximately 165% debt to income ratio. It is getting harder and harder to get by with so much debt.
Stop watching the Kardashian’s or Trump and wanting to live their lives with a middle-class income. People are stretching themselves things to live like celebrities on a pauper’s wage.
Read article below:
http://www.cbc.ca/news/canada/middle-class-canadians-just-how-stretched-are-you-1.2572714
Scamming Auto Shop – Economy Lube – Canadian’s Watch Out
Wednesday, November 13th, 2013
CBC Marketplace investigates “Economy Lube” , oil change and scam you of other service charges.
Watch the video:
http://ca.finance.yahoo.com/video/oil-change-shop-caught-scamming-130800428.html
