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.
…
continue reading
1
520 – Expert Insights on Getting Out of Debt (Compilation)
36:05
36:05
Play later
Play later
Lists
Like
Liked
36:05
Explore essential financial topics and practical advice to overcome debt and achieve financial stability. If you’re struggling with high-interest debt, considering installment loans, or exploring mortgage refinancing, this compilation video offers valuable tips and actionable advice. Financial expert Doug Hoyes, co-founder of Hoyes Michalos, and hi…
…
continue reading
1
519 – The REAL Way to Build Better Credit
32:05
32:05
Play later
Play later
Lists
Like
Liked
32:05
Can You Improve Your Credit Score Without Debt? | Debt Free In 30 | Ep 381. If you’re new to credit or have recently completed an insolvency filing, you may be thinking about ways to improve your credit score without taking on more debt. While debt is necessary to have in order to build your credit, there are some strategies to improve your credit …
…
continue reading
1
518 – Why More Credit Won't Make You Truly Independent
20:58
20:58
Play later
Play later
Lists
Like
Liked
20:58
Discover why chasing after more credit to achieve financial freedom may not be the most effective strategy, how it creates dependencies, and learn alternative paths to be more independent. Links: What To Do When You Have Too Much Debt to Handle: https://www.hoyes.com/blog/what-to-do-when-you-have-too-much-debt-to-handle/…
…
continue reading
1
517 – Should you pay off your debt or invest?
29:45
29:45
Play later
Play later
Lists
Like
Liked
29:45
You’ve got some extra cash. Should you pay down debt or invest it? In this episode, Doug and Ted discuss whether to use your extra money to tackle high-interest credit card debt, invest in an RRSP, or pay down a mortgage. They’ll also share their advice on what steps to take if you’re unable to pay off your debt—like turning to a consumer proposal.…
…
continue reading
1
516 – Online Banking: Navigating Fees, Services, Apps and Benefits
33:14
33:14
Play later
Play later
Lists
Like
Liked
33:14
Doug is joined by BIA Insolvency Counsellor Charlie Kovacs. They discuss banking in the digital age and cover topics such as service fees, chequing accounts, digital transactions, payment methods (digital vs. cheques), prepaid cards, credit scores, mobile payment options, how to manage digital finances, free tax filing, and finding the best bank ra…
…
continue reading
1
515 – The Pros and Cons of Selling Everything to Pay off Your Debt
35:23
35:23
Play later
Play later
Lists
Like
Liked
35:23
Selling your assets to pay off debt can be tricky. Depending on the asset, there may be unforeseen costs. Cashing in your savings may not completely deal with your debt problems. You may, in fact, have better options to eliminate your debt without losing your assets at all. Today we talk with Ted Michalos to explore how to pay off debt when you hav…
…
continue reading
1
514 – Why Seniors End Up in The Payday Loan Trap & How To Help
30:33
30:33
Play later
Play later
Lists
Like
Liked
30:33
In this episode, Doug and Ted address the growing issue of payday loans among seniors, highlighting factors such as fixed incomes, rising living expenses, and predatory lending practices. They also discuss the financial strain of supporting adult children and the risks associated with co-signing loans. Tune in for practical advice on managing debt,…
…
continue reading
1
513 – Inflation is driving up credit card use. Now what?
29:22
29:22
Play later
Play later
Lists
Like
Liked
29:22
In this episode, Doug and Ted discuss the challenges of credit card debt and the struggles the average person faces in today's economy. They touch on the impact of food and shelter inflation, the rise in credit card debt leading to insolvencies, and the decline in homeownership. They also share their predictions for the future, including whether in…
…
continue reading
1
512 – Pay Off Debt or Build an Emergency Fund - Which is Better?
31:54
31:54
Play later
Play later
Lists
Like
Liked
31:54
In this episode, Doug and Maureen tackle a common financial question: should you build an emergency fund first or pay off debt? They explain why prioritizing an emergency fund can be important, even if you have debt. Learn how developing a savings habit can shield you from unexpected expenses and stop lenders from reducing your credit limit. They a…
…
continue reading
1
511 – Do Low- or No-Income Earners Need to File Bankruptcy If They Have Debt?
48:00
48:00
Play later
Play later
Lists
Like
Liked
48:00
Doug is joined by first-time guest Dr. Saul Schwartz, Professor Emeritus at the School of Public Administration at Carleton University in Ottawa, who holds a Ph.D. in Economics. They discuss Dr. Schwartz's recent paper titled "Tilting the Playing Field Away from the Discharge of Debts: The Case of Consumer Proposals in Canada." Together, they discu…
…
continue reading
1
510 – How Food Inflation has Affected the Food Bank
35:07
35:07
Play later
Play later
Lists
Like
Liked
35:07
Doug is joined by Kim Wilhelm, CEO of the Food Bank of Waterloo Region. Together, they talk about the various programs available to the local community in need of food. They discuss the impact cost of living has had on the food bank, issues of food inflation and food insecurity, changes in demand since the pandemic, ways to donate, and how those in…
…
continue reading
Join Doug and Ted as they uncover the hidden costs of home ownership that often surprise new homeowners. From maintenance and repairs to rising interest rates and potential job loss, they discuss real-life examples and offer practical advice on deciding whether to buy a home, mitigating risks, and estimating unforeseen costs. Plus, they break down …
…
continue reading
1
508 – Protecting Yourself Online - Best Tips From a Cybersecurity Expert
34:52
34:52
Play later
Play later
Lists
Like
Liked
34:52
Doug is joined by Technical Platform Cybersecurity Specialist, Eric Boivin from Flare. They discuss how cyber attacks can target your bank accounts and personal information, leading to money loss or identity theft. How weak cybersecurity can lead to debt, especially for those with student loans, mortgages, or credit card obligations. Eric shares pr…
…
continue reading
1
507 – Higher Interest Rates and Stubborn Inflation - Are They Here to Stay? With Jeff Rubin
31:45
31:45
Play later
Play later
Lists
Like
Liked
31:45
Doug is joined by special guest Canadian economist and author, Jeff Rubin. Jeff discusses his latest book A Map of the New Normal: How Inflation, War, and Sanctions Will Change Your World Forever. They discuss inflation, sanctions and their impact on Canadian wages and employment. The conversation also touches on the Bank of Canada, bond yields, mo…
…
continue reading
1
506 – Are Subscriptions and Delivery Apps Driving you into Debt?
30:28
30:28
Play later
Play later
Lists
Like
Liked
30:28
In this episode, Doug and Ted discuss the subtle ways debt accumulates over time, highlighting the unnoticed expenses that may lead you into debt. Have you ever calculated how much you spend monthly on subscriptions? Consider services like Amazon, Netflix, Disney, meal kits such as HelloFresh or Factor, pet and beauty subscriptions, car subscriptio…
…
continue reading
1
505 – Mental Health and Money with Financial Therapist Amanda Clayman
30:00
30:00
Play later
Play later
Lists
Like
Liked
30:00
Doug is joined by Amanda Clayman, a financial therapist specializing in helping clients understand how their thoughts, feelings, and past experiences shape their financial choices through Cognitive Behavioral Therapy. Her expertise has been highlighted in various media outlets including CNBC, Forbes, The Wall Street Journal, The New York Times, and…
…
continue reading
1
504 – 2024 Federal Budget: Unintended Consquences?
32:12
32:12
Play later
Play later
Lists
Like
Liked
32:12
Doug and Ted sit down to chat about the 2024 federal budget. Believe it or not Doug actually read the entire budget! They discuss taxes, what a budget means, making tax filing automatic, government single sign-in portal, reducing CRA call centre wait times, NSF fees, free and affordable bank accounts, cell phone charges, credit reports, and payday …
…
continue reading