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Debt

Debt Tatoo

Debt Limiting Idea

Big Cajun Man expresses concern over the high debt levels in Canada, which are fueled by cheap interest rates. He proposes a radical, but unlikely to be implemented, idea to slow the ‘tsunami of debt.’ The idea involves using erasable tattoos that say ‘Debtor’ on the back of a person’s hands in exchange for a 25% discount on loan interest rates. This tattoo would be a condition for receiving the loan and would be removed once the debt is repaid. The author acknowledges its potential to drive people towards alternate lenders.

Simple Rules to Follow

Key Financial Rules

“Borrow for growth, not Consumption” –Rule quoted by Financial Planner “Blow it out your ear” –Big Cajun Man No, I am not saying you should borrow for consumption either, you should not borrow. Buying a house… Read More »Key Financial Rules

Giraffe

Selective Financial Perception

Do you have selective Financial Perception where you are ignoring important things, because they might be hard to do?

far in debt

Debt Won’t Just Disappear

Borrowing money to invest in the stock market and building debt carries far too many risks for most investors. Paying off debt would be a better investment.

Debt

Questions with the answer, “Get out of Debt”

The article promotes “Getting out of Debt” as a solution to several problems. It helps spouses focus on more important things by eliminating financial disputes. It provides peace of mind and sleep, reduces worries by addressing one financial issue at a time. Fortifies love life, as money worries create impotency. Lastly, it enables the goal of establishing own living space, especially for those presently residing with their in-laws. The author invites readers to suggest any further possible benefits.

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