Is debt still avoidable, or has borrowing become a fact of life in Canada? Ontario Licensed Insolvency Trustees Doug Hoyes and Ted Michalos answer our questions, share a simple test to assess new debt, and provide an action plan for those struggling to make ends meet.

(00:00)  What’s changed in Canada’s economy recently? (02:30)  The problem with “good debt” as conventional wisdom (04:00)  Auto loans: smart purchase or risky commitment? (10:00)  Student loans: are they worth it? (14:00)  What the household debt-to-income ratio tells us (17:00)  Red and green flags when borrowing money (18:45)  Is it still possible to live debt-free in Canada? (20:00)  Doug & Ted’s 5-point test for smart borrowing (22:00)  Understanding the hidden risks of borrowing (23:50)  Your debt action plan: what to do starting today (25:00)  Mortgage tips: borrowing for a home in today’s market (27:30)  The best kind of debt - and what to do if yours isn’t working for you

DEBTASIZED – Full Length Documentary Debt Repayment / Consumer Proposal Calculator Hoyes Michalos Debt-to-Income Ratio Calculator Joe Debtor – Canadian Insolvency Statistics Explained Reducing Tax Debt in Ontario Sign Up For The Monthly Debt Free Digest Disclaimer: The information provided in the Debt Free in 30 Podcast is for entertainment and informational purposes only and is not intended as personal financial advice. Individual financial situations vary and may require personal guidance from a financial professional. The views expressed in this episode do not necessarily reflect the opinions of Hoyes, Michalos & Associates, or any other affiliated organizations. We do not endorse or guarantee the effectiveness of any specific financial institutions, strategies, or digital tools/apps discussed.