Debt - My Own Advisor

10 ways to get retirement ready

Posted on August 27, 2019 by Mark | 36 Comments

10 ways to get retirement ready You’ve worked your entire life. You put some money away; invested, watched that money now and then over time. Yet instead of living it up for everything you’ve worked so hard for you’re counting…

How to Manage Debt – Before Debt Manages You

Posted on August 5, 2019 by Mark | 11 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…

Should you own a mortgage in retirement? How you can retire even with debt

Posted on January 3, 2019 by Mark | 36 Comments

Should you own a mortgage in retirement? How you can retire even with debt For a few years now, I’ve been inspired and motivated by early retirement. We continue to be a fair distance away from realizing our financial goals…

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…

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

Posted on May 20, 2014 by Mark | 57 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…

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…