Debt Free in 30

Our guest today is Robin Taub, a Chartered Professional Accountant, financial literacy consultant, public speaker, blogger, and author of The Parent's Guide to Raising Money-Smart Kids. Robin discusses why it's so important to teach children about money, the challenges that parents face, and solutions for getting started.

Money management isn't always easy and teaching it to someone else can be just as difficult. There are many reasons that discussions about money might not take place, but it's important to overcome those challenges and make it a priority. In Robin's book she explains that challenges include a lack of knowledge by parents, not knowing how to approach the topic, limited opportunities to talk about money, or parents might not be good at money management themselves.

Today's first guest is Ian Martin, a bankruptcy trustee who explains that in many cases there is a "better" time of year to file a bankruptcy or consumer proposal.

Howard Hayes is our second guest, and he explains how a bankruptcy filing impacts you acting as an immigration sponsor.

Ian returns in our Let's Get Started segment to answer our final question of the day: is bankruptcy morally wrong.

Our guest on today is Eric Putnam, Managing Director of Debt Coach Canada, and a former lending professional with 27 years in the consumer credit industry.

Eric explains how credit bureaus work, and who they work for (hint: they don’t work for you). He explains how to check yoOur guest on today is Eric Putnam, Managing Director of Debt Coach Canada, and a former lending professional with 27 years in the consumer credit industry.

Eric explains how credit bureaus work, and who they work for (hint: they don’t work for you). He explains how to check your credit report, and how to improve your credit score.ur credit report, and how to improve your credit score.

Our guest on today is Blair Demarco-Wettlaufer, a Managing Partner for Kingston Data & Credit, a Canadian debt collection agency. Blair gave us the ins-and-outs of the collection world, including the typical life of a debt once it has gone to a collection agency and what your options are for dealing with collection calls.

He gives lots of practical advice, including what to do when legal action is threatened, and how to negotiate a payment arrangement.

Our first guest is Gail Vaz-Oxlade who says it’s time to “stop whining about being in debt, you had your fun, you made a mess, now it’s time to clean it up, get busy.” She provides a four step plan for cleaning up your debt mess.

In our second segment Ted Michalos returns, and we consider the case of Mary and Joe, who have a good income, but have more debt than they can ever hope to pay off on their own. We discuss how a consumer proposal can help them clean up their debt mess.

Their options for dealing with debt, but it takes a plan, and the sooner you start, the sooner you will be debt free.

On today’s show Doug Hoyes interviews Ted Michalos, and they offer their opinions on the current state of the economy, and outlined several predictions for the coming year, touching on important financial topics such as the economy, unemployment, and interest rates.

We start with a look back to the credit crisis of 2008, and the resulting peak in bankruptcy filings in 2009.

As interest rates have declined many debtors now act as though money is virtually free, and have financed large mortgages and car loans, which will cause serious financial issues when interest rates inevitably increase. We offer some advice on strategies to protect yourself in 2015.

This is our final show for 2014, and as the holiday season ends and we move into 2015 we take a look back at some of the topics we’ve discussed here on Debt Free in 30.

Ted Michalos explains that 11% of Canadians will file a bankruptcy or a consumer proposal in their lifetimes; he explains why.

Dr. Lee Anne Davies discussed her research on the topic of aging, and how debt will impact older Canadians.

Our most popular guest from 2014, Gail Vaz-Oxlade, discussed debt and financial literacy.

In our 2014 Holiday Season Tip Show, we invite back three of our most popular guests with some all new holiday season tips.

Dr. Lee Anne Davies gives a tip for keeping credit card debt under control, an important consideration at this time of year.

Gail Vaz-Oxlade returns with a tip about managing your banking relationship, a very important tip any time of the year.

Credit Counsellor Heather Cudmore gets into the holiday spirit with a tip for a more meaningful, and cost-effective holiday season.

Today’s guest is Sarah Milton, author, blogger, and personal finance expert.

Sarah gave a great explanation of the four money personalities, and explained how we each have a money thermostat. To improve your money management skills, understand which money personality you are, and then adjust your money thermostat to an appropriate level for your unique circumstances.

In the bonus podcast segment Sarah discusses why women have different money issues than men, and gives more practical advice on money management. She also lists some books that she recommends for everyone wanting to improve their knowledge of personal finance.

Today’s guest is Robert Brown, author of a new book called “Wealthing Like Rabbits – An Original Introduction to Personal Finance”. Robert gives us lots of practical advice, including his thoughts on house buying and mortgages, and debt in general.

In the second and third segments we discuss Robert’s more controversial opinions, including Starbucks, where Robert believes that having an expensive coffee is not always a bad financial decision.

We also discuss savings and debt. If you have debt, is it always better to pay off your debt and then start saving? Not according to Robert, who gives his opinions on why he believes you should start saving immediately.