Debt - My Own Advisor

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…

Paying down debt, should I change my tune?

Posted on August 5, 2013 by Mark | 21 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 | 28 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…

My struggle with GDSR and TDSR

Posted on May 6, 2012 by Mark | 12 Comments

My struggle with GDSR and TDSR I’ve heard these terms thrown around by a few financial institutions from time to time. Here is a quick look and my quick take on them: Gross Debt Service Ratio (GDSR) – % income…

What would you do with $1,000?

Posted on February 14, 2012 by Mark | 32 Comments

What would you do with $1,000? Plain and simple question: What would you do with $1,000? This $1,000 is lying on the street, figuratively. It is totally found money. You found it, you picked it up and you put it…

Credit cards can be better than cash

Posted on January 25, 2012 by Mark | 27 Comments

Credit cards can be better than cash Yes, you read that headline correctly. Credit cards are not evil. They can be a great tool. They are a fact of life and here to stay because they’ve been around for far…

Why your financial resolutions might have failed

Posted on May 15, 2011 by Mark | 19 Comments

Why your financial resolutions might have failed Did you make any New Year’s financial resolutions? If you did, have you kept them? Like improving your diet or getting more exercise I think changing your financial attitude and behaviours are tough things to…

My view on debt

Posted on March 18, 2011 by Mark | 1 Comment

The more I write about personal finance, investing and my financial independence journey, the more aware I become of this: I hate debt. In short, here’s how I feel about debt: 1. It is for the most part, “normal”. It may…