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Not All Debt is Bad

Not All Debt is Bad

Not all debt is bad. When you distinguish between credit used to fund the purchase of something that will increase your wealth and debit created for disposable items, you are empowering yourself to make informed financial decisions. 161 more words

Should You Sell Your Home to Pay Off Debt?

Home prices have literally gone through the roof in Canada in recent years. If you’re lucky enough to have entered the market a few years ago, you’ve built up some equity. 669 more words

Retiring with a mortgage? Why you might want to think twice about that

When it comes to opining on seniors carrying debt into retirement, I’ll state upfront my personal bias that anyone with credit-card debt — or even mortgage debt — has no business fantasizing about retirement. 1,252 more words

Secured Credit Cards: Got bad credit? You can still get a credit card...

Secured Credit Cards

If you have bad credit, one of the best things you can do to start fixing that situation is get a credit card. 473 more words

How Credit Inquiries Affect Your Credit Score

Have you noticed inquiries on your credit report? Not sure what they mean? Soft and hard inquiries are the result of potential creditors assessing your credit report after you’ve applied for things such as a credit card, mortgage, or car loan. 438 more words

The Many Paths of Sovereign Default.

There are multiple ways in which governments can default and go bankrupt.  This is generally very poorly understood. Here are some ways in which defaults occur, and keep in mind that a combination of these may be used by a government which is in control of its finances, even in default.   393 more words

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‘No safety net’: How a divorce rips a tornado through your finances, and what to do about it

Divorce sucks.

Whatever else you may think of divorce, or marriage for that matter, we can all agree on that.

In fact, I looked up the word “trauma” in the Oxford American’s Writer’s Thesaurus while writing this article. 1,473 more words