616 - The Financial Impact of a Crisis - Building Resilience

616 - The Financial Impact of a Crisis - Building Resilience

Author: Doug Hoyes June 20, 2026 Duration: 30:41

Learn how to survive a financial crisis by building resilience and strengthening your personal finance foundation. This conversation provides practical steps to prepare for economic instability. We discuss the core principles of protecting your assets and maintaining stability during uncertain times. Whether you are concerned about market volatility or personal budget security, this discussion offers a clear perspective on how to build financial resilience effectively. We break down the mindset and tactical adjustments necessary to weather a storm. Implementing these money management strategies can help you maintain control over your future. We examine why proactive planning is the most effective tool for financial crisis survival and how to adjust your habits before trouble starts. Subscribe for weekly personal finance tips and comment below with your biggest worry regarding the current economy.

Related Links:

What Many Canadians Still Get Wrong About Debt:

https://youtu.be/VS50UtDNWRA

The Dangers Of Installment Loans: 

https://youtu.be/fmN23pIWbWg

Behind on Payments? Here's What To Pay First: 

https://youtu.be/1oVaraaWaH4

Warning Signs You Have Too Much Debt & How To Deal With It: 

https://www.hoyes.com/blog/15-warning...

Our Free Online Budgeting Course: 

https://courses.hoyes.com/courses/how...


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: 50

Debt Free in 30
Podcast Episodes
588 – Are You Financially Fit Enough to Invest? [not-audio_url] [/not-audio_url]

Duration: 32:17
Start investing because your numbers say "go," not because the internet says "now." This episode will remove the guesswork from entering the world of investing and provide a straightforward way for you to judge your read…
587 – Should Parents Help Adult Children with Debt? [not-audio_url] [/not-audio_url]

Duration: 30:00
With housing costs, student loans, and everyday expenses skyrocketing, more young adults are turning to their parents for financial support. Doug Hoyes and Ted Michalos unpack the emotional, financial, and practical real…
586 - Should You Use Your Home Equity to Pay Off Debt in This Market? [not-audio_url] [/not-audio_url]

Duration: 34:52
Turn your home equity into a plan, not a panic button! This episode gives a clear, practical checklist for using a HELOC or second mortgage wisely: how they work, what they cost, when they help, and when alternatives (li…
585 – Small Business: Mixing Personal and Business Debt Pros & Cons [not-audio_url] [/not-audio_url]

Duration: 32:14
Many Ontario small business owners use personal credit to get a venture off the ground, because banks rarely lend to brand-new businesses. That convenience can help with early cash-flow gaps and sometimes costs less than…
584 – Top Mistakes Debtors Make and How to Avoid Them [not-audio_url] [/not-audio_url]

Duration: 31:22
Drawing on experience from 25+ years and 73,000+ filings, Doug and Ted break down the top debt mistakes Canadians make, and how to avoid them. They explain how problems creep up, why waiting narrows your options, high-co…
583 – Job Loss: What to Do Financially in Your First 30 Days [not-audio_url] [/not-audio_url]

Duration: 30:52
Laid off or let go? Your first 30 days matter. This is a practical, Canada-specific guide to unemployment, covering everything from applying for EI to discussing when upskilling or a pivot makes sense, as well as the ris…
582 – How to Prioritize When Every Expense Feels Urgent [not-audio_url] [/not-audio_url]

Duration: 31:01
When money is tight, everything feels urgent. Rent, groceries, a credit card bill, and that unexpected car repair. In this episode, we walk through a survival-mode framework for prioritizing essentials, organizing a bare…
581 – Why the Best Financial Advice Sounds Boring – But Works [not-audio_url] [/not-audio_url]

Duration: 31:09
Ever feel like the best financial advice sounds... boring and hard to stick to? Doug Hoyes and guest Licensed Insolvency Trustee Maureen Parent discuss why the most effective money habits are often the least exciting. Fr…