If you have a little money, is it better to invest it or just leave it in a savings account? And if you do invest, how can you do so with very small amounts of money? Enter Robert Brown, author of Wealthing Like Rabbits. On today’s podcast, Robert shares best practices for beginner investors. Robert reviews where to store your money depending on your financial goals (RRSPs, TFSAs) and which types of investments are sound, which ones should be avoided, and the importance of looking at the ‘costs’ of investing. Tune in to this podcast for lots of valuable practical advice! Additional Links: Wealthing Like Rabbits – An Original Introduction to Personal Finance On Amazon: https://amzn.to/35sEmN0 (Kindle, Paperback and Audiobook) Robert Brown's previous appearances on Debt Free in 30: -Episode 14:  https://www.hoyes.com/blog/wealthing-like-rabbits-robert-brown/ -Episode 77:  Change Your Debt Perspective, https://youtu.be/u8MK9XVI5rA -Episode 140: Banks Behaving Badly, Who to Trust, and Has Toronto Real Estate Peaked? https://www.hoyes.com/debt-free-30-podcast/page/21/ -Episode 184: Debt: Why is no-one listening https://youtu.be/nCZ6ojT9h5k -Episode 211: Are you Having a Personal Financial Crisis? https://youtu.be/tuNN3c54kaU (first video podcast in Kitchener, before the studio was built) -Episode 275: The Huge Business of Marketing, https://youtu.be/jbX6ZzS1Gdc

356 –  How To Invest If You Can Only Save $100 a Month

Each week Doug Hoyes talks to industry experts about debt, money, and personal finance.  Don't be confused; listen as the guest experts cut through the jargon and share practical advice.

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 Should you buy a home or rent in Canada? We look at the risks and expenses involved when it comes to purchasing a home.  From the unpredictable market trends to steep mortgage penalties and ongoing maintenance costs. As we weigh at the pros and cons, this episode may make you rethink your views on homeownership, not only as an investment but as a consumer choice. Could renting be the smarter choice in 2024? Watch the episode now to find out.  Time Stamps:  00:00 Introduction  01:00 Reasons you should own a home  03:38 Is a mortgage a forced savings plan?  06:10 Reasons not to buy a home  06:21 Timing is everything in real estate  08:17 Variable rate interest only mortgage vs. amortization mortgage  12:03 Moving if you own a home vs. if you rent  15:29 Maintenance  18:50 Credit creep  24:11 Practical advice     Related Links:  Homeowners Bankruptcy Index: https://www.hoyes.com/press/homeowner-bankruptcy-index/  Hoyes Michalos Bankruptcy Study: https://www.hoyes.com/press/joe-debtor/  Why Does Home Ownership Cause Financial Problems?: https://www.hoyes.com/blog/why-does-home-ownership-cause-financial-problems/  Think Twice Before You Get a Home Equity Line of Credit: https://www.hoyes.com/blog/think-twice-before-you-get-a-home-equity-line-of-credit/  Why a House Does Not Guarantee Financial Security: https://www.hoyes.com/blog/why-a-house-does-not-guarantee-financial-security/

502 –  Should I Buy or Rent a Home? What Makes Sense in Today's Market

Blair DeMarco-Wettlaufer, the Chief of Operations Officer of Kingston Data & Credit joins Doug to discuss the consequences of unpaid debts and their impact on your credit score. They look at real-life scenarios and provide practical advice to manage your credit report.  They also discuss what collection agents can and cannot do when it comes to reporting your debts to the credit bureau and how to dispute old debts, so they don’t affect your credit. Timestamps: 00:00 Introduction 01:45 If you don’t pay a collection agent can it affect your credit score? 04:33 The Statute of Limitations Act. 05:30 The Credit Bureau. 09:45 How and when do collection agents report to the credit bureau? 16:20 What collection agents cannot do when reporting to the credit bureau. 18:14 Can a collection agency remove a debt from your credit report? 23:24 What happens if a collection agency keeps calling the wrong number? 26:07 How owing a collection agent can affect your credit score. 27:43 Practical advice from a collection agent. 34:05 How to reach out to Blair DeMarco-Wettlaufer.    Related Links: How Old Tickets and Fines Can Destroy your Credit Score:   https://www.hoyes.com/blog/how-old-tickets-and-fines-can-destroy-your-credit-score/   'Insanely old' city ticket wreaks havoc on Ottawa man's credit score: https://www.cbc.ca/news/canada/ottawa/insanely-old-city-ticket-wreaks-havoc-on-ottawa-man-s-credit-score-1.7141166   Long-forgotten fines won't linger on credit records, city assures residents: https://www.cbc.ca/news/canada/ottawa/city-of-ottawa-parking-ticket-debt-owed-collection-credit-score-1.7152329 Blair Demarco-Wettlaufer’s Blog “Receivable/Accounts - Information for Credit and Collection Issues”:  https://receivableaccounts.blogspot.com/   Legislation Links Cited in the Podcast:   Collection and Debt Settlement Services Act of Ontario:  https://www.ontario.ca/laws/statute/90c14    The Provincial Offenses Act, section 76:  https://www.ontario.ca/laws/statute/90p33#BK105 The Limitations Act of Ontario sets a basic limitation period of two years:  https://www.ontario.ca/laws/statute/02l24#BK16 The Consumer Reporting Act of Ontario:  https://www.ontario.ca/laws/statute/90c33#BK11     Blair Demarco-Wettlaufer’s Previous Appearance Links on Debt Free in 30: Episode 20 – January 17, 2015 - Stop The Collection Calls: Advice from Blair Demarco-Wettlaufer:  https://www.youtube.com/watch?v=0tsrKacdx4U Episode 57 – October 3, 2025 Collection Agents: How Did They Find Me?:  https://www.youtube.com/watch?v=0SMU1R5N0ms Episode 70 – January 2, 2016 – Top 10 Tips for Dealing with a Collection Agent:  https://www.youtube.com/watch?v=736J-IefWrI Episode 264 – September 21, 2019 - How to Negotiate With a Collection Agent:  https://www.youtube.com/watch?v=ZgNWpKfBUwU  Episode 296 – May 2, 2020 - Dealing with Collection Calls in COVID-19: Debt Negotiations, Deferrals, and Credit Report Impact:  https://www.youtube.com/watch?v=S86gnBEkeUY  Episode 373 – October 23, 2021 - Your Top Collections Questions Answered by a Debt Collector!:  https://www.youtube.com/watch?v=Ue8gFE2Z48w Episode 477 – October 21,2023 The Messy World of Debt Collection and Statute-Barred Claims:  https://www.youtube.com/watch?v=6uN82x3ts1k&t;=115s

501 –  Things Collection Agents Can and Cannot Do with Your Credit Report

 This is episode 500, and Doug does a solo rant exploring the factors contributing to the despair felt by Canadians. He reflects on how the past four years has affected our economy.  He touches on the cost of real estate, the stock market, fatalistic YOLO, inflation, and strategies for achieving wealth.  Enjoy!   Related Links:  Build a Get Out of Debt Repayment Plan  -  https://www.hoyes.com/debt-relief/get-out-of-debt/ Statistics Canada. Table 18-10-0004-01  Consumer Price Index, monthly, not seasonally adjusted -https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1810000401  Statistics Canada, Wealth Gap -    https://www150.statcan.gc.ca/n1/daily-quotidien/230331/dq230331b-eng.htm  CPI Basked Weight Visualization -   https://www150.statcan.gc.ca/n1/pub/71-607-x/2018016/cpi-ipc-eng.htm  National balance sheet and financial flow accounts, fourth quarter 2023 -https://www150.statcan.gc.ca/n1/daily-quotidien/240313/dq240313a-eng.htm  Wealth Gap, Statistics Canada -   https://www150.statcan.gc.ca/n1/daily-quotidien/240122/dq240122a-eng.htm  Bank of Canada, Monetary Aggregates (Money Supply) -  https://www.bankofcanada.ca/?p=47527  Canadian Real Estate Association, National Statistics -   https://stats.crea.ca/en-CA/  November 2023 Federal Government Fall Economic Update -   https://www.budget.canada.ca/fes-eea/2023/report-rapport/anx1-en.html#a1 Episode 270, The Fable of the 20 Dollar Bill - https://youtu.be/5fYfAvSnNps?si=ziTAfuUWwbdmYHvk

500 –  Why Do We Feel Despair? (A Rant)

 Did you know a car is stolen every 5 minutes across Canada? Car thefts and VIN scams are on the rise.  Michael Rothe, President and CEO of Canadian Finance & Leasing Association, joins Doug and discusses Canada’s auto theft epidemic.   They explore topics such as re-vinning, the impact of stolen vehicles on insurance premiums, steps to take if you unwittingly purchase a stolen vehicle, precautions against potential car theft, and government enforcement.  This discussion is essential for Canadian vehicle owners looking to stay safe and understand what actions to take in case of a car theft and how to prevent yourself from falling victim.  Timestamps:  00:00 Introduction  02:10 The latest update on car thefts in Canada  04:40 How many stolen vehicles end up departing Canada?  06:14 What is a VIN number and what is re-vinning?                 10:44 What happens if you purchase a stolen used vehicle?  12:25 What is the solution to prevent car thefts?  17:45 What measures can individuals take to defend themselves against car theft?  28:40 The cost of enforcement  33:31 Conclusion     Related Links:  Can You Include Your Car Loan in a Consumer Proposal? -  https://www.hoyes.com/blog/can-you-include-your-car-loan-in-a-consumer-proposal/  What Happens to a Financed or Leased Car in Bankruptcy? -  https://www.hoyes.com/blog/what-happens-to-a-financed-or-leased-car-in-bankruptcy/  Should You Consolidate or Pay Bills with a Car Title Loan? -https://www.hoyes.com/blog/should-you-consolidate-or-pay-bills-with-a-car-title-loan/  How Car Loans and Car Loan Rollovers Lead to Insolvency -  https://www.hoyes.com/blog/how-can-car-loans-lead-to-insolvency/  Car Thefts Have Reached Crisis Levels Across Canada.  How did we get here? -  https://macleans.ca/society/car-thefts-have-reached-crisis-levels-across-canada-how-did-we-get-here/  Michael Rothe LinkedIn - https://www.linkedin.com/in/michael-rothe/  Canadian Finance & Leasing Association - https://cfla-acfl.ca/

499 –  How To Protect Yourself from Rising Car Thefts & Financial Costs

 Planning a wedding on a budget? In this episode, Jessica Bishop, founder of The Budget Savvy Bride, shares expert advice on keeping your big day affordable without sacrificing style.  Whether you are dreaming of a traditional ceremony or considering eloping, Jessica's insights will help you celebrate your love without breaking the bank. We discuss micro weddings, destination weddings, the cost of having an open bar, wedding party attire, and more!  Don't miss out on these essential tips for a budget-friendly wedding!  Time Stamps: 00:00 Introduction  01:42 What does a wedding cost?  03:50 How has the wedding world changed since the pandemic?  05:58 What is a micro wedding?  06:43 How do you save money on your wedding?  10:36 Wedding resources and finances  12:31 Do you consider the potential gift contributions from your guests when planning your wedding budget?  17:09  What amount of money is appropriate to give as a wedding gift?                 21:06 Strategies for reducing wedding budget expenses  25:07 Are destination weddings more affordable?  26:59 Wedding party attire  30:29 Should I have an open bar?  32:47 Where to find The Budget Savvy Bride     Related Links:  Should You Get a Wedding Loan? - https://www.hoyes.com/blog/should-you-get-a-wedding-loan/  The Budget Savvy Bride - https://thebudgetsavvybride.com/  The Budget Savvy Bride Real Wedding Budgets -  https://thebudgetsavvybride.com/real-weddings/  Book: The Budget-Savvy Wedding Planner & Organizer: Checklists, Worksheets, and Essential Tools to Plan the Perfect Wedding on a Small Budget –  on Amazon  https://www.amazon.ca/Budget-Savvy-Wedding-Planner-Organizer-Checklists/dp/1623159857/ref=sr_1_1_sspa?&_encoding=UTF8&tag;=moneyproblems-20&linkCode;=ur2&linkId;=a64ef88027584470ba33c94dfd58c76e&camp;=15121&creative;=330641  The Budget Savvy Bride on TikTok - https://www.tiktok.com/@budgetsavvybride  The Budget Savvy Bride on YouTube - https://www.youtube.com/@TheBudgetSavvyBride  The Budget Savvy Bride Twitter - https://twitter.com/savvybride  The Budget Savvy Bride Threads - https://threads.net/@budgetsavvybride  The Budget Savvy Bride Facebook - https://facebook.com/budgetsavvybride  The Budget Savvy Bride Pinterest - https://pinterest.com/savvybride  The Budget Savvy Bride Instagram -  https://instagram.com/budgetsavvybride  Jessica Bishop LinkedIn -  https://linkedin.com/in/jessicalehrybishop  The Bouquet Toss: A Wedding Planning Podcast  - https://thebudgetsavvybride.com/the-bouquet-toss-podcast/  Marriage or Mortgage Podcast Episode - https://thebudgetsavvybride.com/podcast/episode-66-marriage-or-mortgage/  The Wedding Report - https://wedding.report/  Honeyfund - https://www.honeyfund.com/  Something Borrowed Blooms- https://www.somethingborrowedblooms.com/

356 – How To Invest If You Can Only Save $100 a Month

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