Debt - My Own Advisor

How to Manage Debt – Before Debt Manages You

Posted on August 5, 2019 by Mark | 13 Comments

How to Manage Debt – Before Debt Manages You This post was brought to you by Sean Cooper in partnership with Loans Canada. Debt, it’s the four-letter word everyone loves to hate. Rightly so. Debt comes in many different shapes…

The Real Reasons Why You Are in Debt

Posted on June 28, 2017 by Mark | 9 Comments

The Real Reasons Why You Are in Debt The following is a guest post by blogger, economist and fan of this site Kostas Chiotis. Debt can feel like a never-ending, downward spiral. The fact that you’re in debt makes it…

Sean Cooper encourages you to Burn Your Mortgage

Posted on March 21, 2017 by Mark | 23 Comments

Burn Your Mortgage Most of us aspire to own our home. In doing so, we need to burn our mortgage at some point – hopefully before retirement. Some Canadians yearn for a bit more – they want to kill all…

Should you make debt tax-deductible?

Posted on December 2, 2015 by Mark | 5 Comments

Yes, you probably should but not if you have lots of debt to begin with. Let me explain as I carry forward this theme on debt from my earlier post this week – debt is a four-letter word for most…

Debt is another four-letter word for most of us

Posted on November 30, 2015 by Mark | 32 Comments

A while back on this site I wrote about my distaste for debt. For example, our bank owns close to half our home. Sure, there is “good debt” such as borrowing money for an appreciating asset (like a house) but…

The Mental Side of Debt

Posted on March 29, 2015 by Mark | 34 Comments

Tom Bradley recently responded to some questions from young homeowners about debt and it got me thinking about the mortgage paydown versus investing debate, again. For us there will be an enormous amount of emotional well-being when we’re debt-free. While…

I write about investing but I have over $200,000 in debt

Posted on May 20, 2014 by Mark | 46 Comments

Yes, you read the title of this post correctly. I’m in debt, lots of it. I run this personal finance and investing site, and enjoy doing it even though I have over $200,000 in debt. Debt sucks. Maybe I’m not…

A 50 year bond is bad news for investors

Posted on May 7, 2014 by Mark | 19 Comments

I haven’t been alive for 50 years. I can’t imagine locking myself into an investment product for that long. Apparently some Canadians, namely institutional investors don’t feel the same. According to one recent report, our government has successfully sold $1.5…

Paying down debt, should I change my tune?

Posted on August 5, 2013 by Mark | 18 Comments

Friends of My Own Advisor know I don’t like debt. Since moving to our current home and taking on a fat mortgage, I struggle now and then with our debt load. My wife and I are fortunate to have good…

3 Golden Rules to Rid Yourself of Debt

Posted on January 20, 2013 by Mark | 21 Comments

3 Golden Rules to Rid Yourself of Debt Let’s face it, debt sucks. The idea of owing money to others, a financial obligation, doesn’t sit well with me. I suspect if you’re reading this blogpost debt doesn’t sit well with…