Posts Tagged ‘Expect to Be’

50% of Canadians Expect to Be in Debt When They Retire

Tuesday, December 2nd, 2014

Retiring-with-debt-no-no
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.