323 – Is Good Money Management a Talent or a Learnable Skill?

323 – Is Good Money Management a Talent or a Learnable Skill?

Author: Doug Hoyes November 7, 2020 Duration: 17:56

It's the 10th annual financial literacy month sponsored by the federal government.

Are we more financially literate than we were 10 years ago?  Our debt levels keep increasing, so it doesn't appear so.  Is it possible to learn money management skills, or do you have to be born with it, like athletic ability.

On today's short podcast Doug Hoyes explains why he believes you can learn to manage your money, and he gives four lessons on how to do it.

 

#FLM2020

 

Time Stamps:

7:28 – Lesson 1 – What do you want?

9:47 – Lesson 2 – Do it the easy way

11:11 – Lesson 3 – Understand the Other Guy

14:54 – Lesson 4 – Ask Questions

 

Related Links:

Government of Canada Financial Literacy Month website:

https://www.canada.ca/en/financial-consumer-agency/campaigns/financial-literacy-month.html

Government of Canada, have a plan to pay off your debt:

https://www.canada.ca/en/financial-consumer-agency/campaigns/it-pays-to-know.html

Government of Canada, de-emphasizing the most powerful debt relief options:

https://www.canada.ca/en/financial-consumer-agency/services/debt.html

The "Don't Budget" Video: https://youtu.be/u5q1Qge3k8s

Can you create your own reality? https://youtu.be/PuiP9I6_cMg

Getting out of debt requires a system, not just a goal https://youtu.be/ysvkV0uN7mM

The Fable of the $20 bill https://youtu.be/5fYfAvSnNps

Doug's Book, Straight Talk on Your Money, available on Amazon, Kindle and as an audio book:

https://www.hoyes.com/straight-talk/


Doug Hoyes sits down each week with a different specialist to untangle the complicated feelings and hard numbers around owing money. The conversations in Debt Free in 30 move beyond simple scare tactics or dry theory, focusing instead on actionable strategies for managing debt, rebuilding savings, and making informed investing choices. You’ll hear from trustees, financial planners, and counselors who explain concepts in plain language, stripping away the industry jargon that often leaves people feeling overwhelmed. Whether it’s navigating a consumer proposal, understanding credit scores, or starting to invest with a tight budget, this podcast provides a clear-eyed look at the steps toward financial stability. Doug’s approach is grounded and pragmatic, reflecting his deep expertise in the field, making each episode feel like a direct consultation with a knowledgeable guide. Tuning in regularly offers a consistent source of demystified advice, turning what can be a stressful topic into a manageable process. It’s that blend of expert insight and relatable conversation that defines this particular personal finance podcast.
Author: Language: English Episodes: 500

Debt Free in 30
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