573 – The Best Get Out of Debt Advice from Top Guests (Compilation)

573 – The Best Get Out of Debt Advice from Top Guests (Compilation)

Author: Doug Hoyes August 23, 2025 Duration: 29:14

Listen for great get-out-of-debt advice from some of our most popular guests! Featuring Canadian financial experts from Hoyes Michalos and Chris Enns, founder of Rags to Reasonable, and Danielle Park, author of Juggling Dynamite.

From spotting predatory financial advisors to the importance of building an emergency fund, this episode is packed with practical, real-world tips and strategies you can start using today to get out of debt!

00:00 – The Snowball vs. Avalanche Method with Licensed Insolvency Trustee Joel Sandwith
01:20 – How to Avoid Predatory Financial Advice with Danielle Park
04:40 – How to Realistically Start Managing Your Money with Chris Enns
07:45 – Predatory Credit Advisors – What You Need to Know cont.
11:30 – Why Canadians Aren't Prepared for Financial Emergencies with Scott Terrio
13:00 – Snowball and Avalanche Method – Advanced Tips
16:30 – Why Your Perspective on Loans Matters
19:50 – Getting Out of Debt and Building Savings Has To Be Practical with Danielle Park
22:35 – Key Indicators of Debt Trouble – When to Seek Help
25:00 – A "Holistic" Approach to Paying Off Debt?

Danielle Park on Debt Free in 30:  Building Wealth In A Challenging World

Chris Enns on Debt Free in 30: Managing Money on a Variable Income

Juggling Dynamite | Debtasized: How our reliance on credit leads to price inflation

Learn More: Snowball Vs. Avalanche Debt Methods – Which One is Best?

Hoyes Michalos Free Canadian Credit Rebuilding and Repair Course

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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 personal guidance from 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, strategies, or digital tools/apps 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

Debt Free in 30
Podcast Episodes
568 – Can You Have Good Debt? Debt In Canada Today [not-audio_url] [/not-audio_url]

Duration: 29:58
Is debt still avoidable, or has borrowing become a fact of life in Canada? Ontario Licensed Insolvency Trustees Doug Hoyes and Ted Michalos answer our questions, share a simple test to assess new debt, and provide an act…
567 – How to Financially Prepare for Canada's Recession [not-audio_url] [/not-audio_url]

Duration: 30:21
Don't just brace for a recession, prepare to come out stronger. This conversation is about turning Canada's economic uncertainty into an opportunity for financial growth (or, at least, stability). We'll equip you with pr…
565 – Parents' Debt In Your Name? Co-Signing Risks You Need To Know [not-audio_url] [/not-audio_url]

Duration: 30:20
When parents ask their adult children to co-sign a loan, add their name to a mortgage, or take out a car loan "for the family," it can feel impossible to say no. But what are the risks? Ontario Licensed Insolvency Truste…
564 – What New Canadians Should Know About Credit and Debt [not-audio_url] [/not-audio_url]

Duration: 30:19
For many newcomers to Canada, the Canadian credit system can feel like a high-stakes challenge. Although it's essential for building a financial life, aggressive lending practices, cultural mindsets around credit, and a…
559 – Denied Credit? The Survival Guide for Emergency Situations [not-audio_url] [/not-audio_url]

Duration: 29:43
Denied credit when you need it most? Learn why creditors reject credit and loan applications and what steps you can take next. This guide covers real solutions to dealing with emergency credit denial, from avoiding payda…