No Good Debt, Olympics and Random Thoughts
Tune in to the Olympic events and learn about the concept of “Good Debt”. Understand when it can help you and when it can hurt you.
Tune in to the Olympic events and learn about the concept of “Good Debt”. Understand when it can help you and when it can hurt you.
The Big Cajun Man asserts there is no such thing as “Good Debt” and criticizes experts who claim otherwise. They insist all debt is detrimental, comparing the concept of ‘Good Debt’ to the illogical idea of ‘Good Car Accidents’. Regardless of the purpose or economic benefits often presented in defense of debt, BCM emphasizes it always negatively impacts the individual, equating it to stealing from one’s future self. BCM encourages a mindset of despising and quickly eliminating debt.
A Canadian derivation of the latte savings plan is, the Double-Double savings plan or the Tim Horton’s savings plan. Less coffee more money in your pocket. No it won’t make you a millionaire, but it might help control your spending a little more.
Decluttering financially sounds simple, but it is not as simple as you would hope. The build up of financial clutter is dangerous.
Friday our friends a Stats Canada published the CPI numbers for June 2012, and rates are up a bit more than in May, but still not horrendous. Surprisingly gasoline was not a direct contributor this… Read More »CPI Rate Up a Little for June 2012 in Canada