AN INSIDE LOOK AT CANADIAN CONSUMER DEBT (EP.14)

<p>In Episode 14 of the Rational Reminder podcast we were joined by Martin Parizeau, a retired banking executive with extensive knowledge of Canadian consumer debt, and a PWL client. We discussed the following:</p> <p> </p> <ul> <li>The start of the ETF boom</li> <li>When proponents of active management realize they should index</li> <li>Cutting wasteful expenses without sacrificing happiness</li> <li>Pulling off a successful downsizing</li> <li>Housing is not an investment</li> <li>The real cost of owning a home</li> <li>Defining the ideal lifestyle</li> <li>Digging into Canadian consumer debt levels</li> <li>The real debt to income ratio for debtors in Canada</li> <li>Is mortgage debt always “good” debt?</li> <li>The rising cost of debt and its effect on the economy</li> <li>Credit card rates are justified</li> <li>Choosing the right credit card</li> <li>Never pay an annual fee on a credit card</li> <li>The boom-bust lending cycle</li> <li>Bankers saw the financial crisis coming, but had to keep going</li> <li>Focusing on the things that you can control</li> </ul> <p> </p> <p><img style= "display: block; margin-left: auto; margin-right: auto;" src= "https://assets.libsyn.com/secure/show/127327/Newspaper_Ottawa_Citizen.jpg" alt="Ottawa Citizen - Sunday, March 3 2002" width="800" height= "933" /></p> <p style="text-align: center;">Ottawa Citizen article from Sunday, March 3, 2002 mentioned in this podcast.  </p> <p style="text-align: center;"> </p> <p style="text-align: left;">For more information or to contact Cameron and Ben, visit <a href= "https://www.pwlcapital.com/teams/passmore-felix/" target="_blank" rel="noopener">pwlcapital.com</a></p>