Debt - The New Normal

Geoff Cook - CFP, CHAIP

{num} comments

It is no surprise that we are having debt issues in Canada. Most people are feeling the pressure. I have included below a piece that illustrates this reality.

Much like anything in life that we are trying to fix, the first step is awareness. Be aware that there is an issue that needs to be dealt with. 

Next step -  Get some help. Most people do not like to talk about or look at their day to day finances. By no surprise  it is one of the least favoured activities people would like to do with their free time as per a recent study by Mackenzie Financial. It is hard to deal with things on your own sometimes. Seek a professional and look to get a debt and cash flow management plan and an accountability partner.


Book an Appointment
blog comments powered by Disqus
Dont Forget These Two Simple Steps When Estate Planning

The pure purpose of Estate Planning is to make an efficient transfer of wealth. Efficiency of Estate Planning is measured in two parts:1) Tax: It is important to plan your estate in a way that will transfer wealth in a tax-efficient manner—set...

Read more
How to Save the Family Cottage

We have all heard the old saying, “Two things are guaranteed in life: 1. Death 2. Taxes.”We are at an interesting time right now where prices of assets over the last 50+ years have seen a tremendous growth spurt. I always find it interesting talk...

Read more
Infinite Newsletter

Subscribe to our email newsletter for useful tips and valuable resources!

You are subscribed.
Email already exist!