520 – Expert Insights on Getting Out of Debt (Compilation)

520 – Expert Insights on Getting Out of Debt (Compilation)

Author: Doug Hoyes August 17, 2024 Duration: 36:05
Debt Free in 30
BusinessInvesting

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 his guests provide insights into effective debt management strategies, including the benefits and pitfalls of various financial tools and methods. Discover expert guidance on avoiding high-interest traps, practical steps for debt repayment, and effective strategies for reducing debt.

Timestamps:

0:00 Understanding Debt: What You Need To Know

2:55 What Are Installment Loans for Credit Cards?

8:30 Expert Credit Card Advice: Secrets Banks Don't Share

10:45 Variable vs. Fixed Mortgage Rates Explained

11:45 Should You Sell Your House to Eliminate Debt?

16:00 Consumer Proposals: Mortgages and Home Equity

18:40 Considering Refinancing Your Mortgage

20:40 Avoiding High-Interest Debt Traps

21:50 Debt Consolidation Loans: Problems and Pitfalls (feat. Scott Terrio)

24:20 Installment Loans and Payday Lender Risks (feat. Scott Terrio)

28:10 Effective Ways to Start Paying Off Debt - Snowball vs. Avalanche

33:10 What to Do When Debt Repayment Methods Fail

 

Never miss a practical tip on improving your financial health. Subscribe below where you listen to podcasts:

YouTube
Apple
Spotify
Podbay
Deezer
Amazon Music

Resources:

Credit Card Debt Consolidation in Canada: What You Need to Know

Dealing With Debt Living Paycheque to Paycheque

Consumer Proposal FAQ's Answered

Hoyes, Michalos and Associates YouTube Channel

How To Deal With Higher Interest Rates

When Debt Consolidation Doesn't Go As Planned

Rising Interest Rates And Debt: What Can You Do?

Special Thanks:

Scott Terrio - Manager, Consumer Insolvency at Hoyes Michalos https://ca.linkedin.com/in/scott-terrio

Disclaimer

 The information provided in the Debt Free in 30 podcast is for entertainment and informational purposes only and is not intended as personal financial advice. Individual financial situations vary and may require personalized advice from a qualified financial advisor. Always consult with a financial professional. The views expressed in this episode do not necessarily reflect the opinions of Hoyes, Michalos & Associates or any other affiliated organizations. We do not endorse or guarantee the effectiveness of any specific financial institutions or strategies discussed.


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: 100

Official website RSS
instagramyoutubetiktoklinkedin
Debt Free in 30
Podcast Episodes
554 – AI Scams & Debt: Staying Safe in a New Era of Fraud [not-audio_url] [/not-audio_url]

Duration: 30:28
Artificial intelligence is no longer just a futuristic concept – it's actively reshaping the landscape of scams and posing a significant threat to your financial well-being. Are you prepared for this new era of fraud? In…
552 – Gamified Spending: The Hidden Dangers of Retail Tricks [not-audio_url] [/not-audio_url]

Duration: 32:21
Is shopping becoming a dangerous game? From live streams to influencer deals to 'Buy Now, Pay Later' offers—your brain's reward system is constantly being triggered to encourage constant spending. Join us for a discussio…
551 – Value of The Canadian Dollar & Its Impact on Your Dinner Bill [not-audio_url] [/not-audio_url]

Duration: 30:52
Did you know the price of your dinner tonight might be tied to decisions made in the US? Doug and Ted explain the surprising impact of the Canadian dollar on your everyday spending. They'll break down how this affects yo…
550 – How to Build Wealth While Managing Debt: A Practical Guide [not-audio_url] [/not-audio_url]

Duration: 29:59
Debt often gets a bad rap, but what if you could use it to your advantage? This episode unlocks the power of strategic debt! Learn to leverage other people's money, distinguish between good and bad debt, and manage borro…
547 – Financial Freedom & Zero Debt: What You Need to Know [not-audio_url] [/not-audio_url]

Duration: 30:31
Is having zero debt the key to financial freedom, or could it hold you back? Expert Licensed Insolvency Trustees Doug and Ted explore the pros and cons of being completely debt-free, from psychological and financial bene…

«12345678910»