Web Content, Strategy & Blogging
It’s no secret that Canadian homeowners have a longstanding love affair with their home equity line of credit (HELOC). However, this love has the potential to go sour through a variety of ways, leaving millions heartbroken.
At the heart of this romance is a low-cost, low interest, flexible way to borrow money. In the early 2000s, banks began providing a home equity line of credit as a standard addition to new mortgages.
Read the rest of this article …
In this age of out-of-control debt, reducing expenses is a priority.
A great place to start is with Canadians’ top financial guilty pleasure: eating out at restaurants and bars. Also included are coffees, and so-called treats, many of which are laced with sugar, salt, and fat.
Canada’s restaurants, bars, and caterers rang up $68.1-billion in sales in 2017, a nearly 120% increase from $31-billion in 1998, according to Restaurants Canada.
As these numbers aren’t broken down into categories, I’m going to focus on food outlets that represent habitual day-to-day expenses; you know… those stops on the way to work where lattes, muffins, Egg McMuffins or maybe a Starbucks smoothie are picked up.
Upon reviewing the Capital One Canada study on Canadians’ financial guilty pleasures, it struck me that no one quoted mentioned a personal goal.
When people lack a personal goal that represents what they want to be doing and who they want to become, it’s very easy to be led astray.
As I will illustrate, cultural-market forces can influence people to make choices they wouldn’t make if they were guided by their own compass.
I had the pleasure of working with mortgage broker and money coach John Wright and getting his online reputation solidified.
Work continued on his Debt Eliminator course which helps people avoid consumer proposals and bankruptcy while raising their credit score.