Doctor Debt Blog

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Does Breaking Your Mortgage Make Sense?

With mortgage rates still hovering at historic lows, chances are you’ve considered breaking your current mortgage and renewing now before rates begin to rise.

Perhaps you want to free up cash for such things as renovations, travel or putting towards your children’s education? Or maybe you want to pay down debt or pay your mortgage off faster? In some cases, the penalty can be quite substantial if you aren’t very far into your mortgage term, but we can determine if breaking your mortgage now will benefit you long term.

Deals Delivered to Your Door 2

Deals Delivered to Your Door

We live in an ever-accommodating society. No longer do we have to go out and look for deals, they are delivered to our doorstep. I can see the credit companies doing a little jig at this wonderful new shopping sensation. Unfortunately our pocket books aren’t necessarily doing the same jig.

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Breaking up with Credit

I envy people who have no debt. I want to be like them. I really do. I have the skills, I have the desire, yet it seems like a goal floating in the wind. I can see it. And almost touch it but it keeps floating away from my grasp. Oh I’ve made some progress over the years, but unsteady income, child care and investments in my education have all ensured I don’t get too far away from debt. Not yet anyway. But I’m nothing if not persistent!

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Are you a Hot Commodity?

Financial institutions – banks, credit card companies, etc. have money. And they need to invest this money. And they need to make money on their investment. They do not loan us money because they like us, or we need it and our goals are important to them. (I am speaking from an institution perspective, your loans officer may care about you and your goals – the good ones anyway). They loan us money because they are investing in us

Your Bank Relationsip – A Reason, A Season or A Lifetime? 0

Your Bank Relationsip – A Reason, A Season or A Lifetime?

We seem to have this notion that we entered into a “till death do us part” commitment when we opened that new credit account with the bank. The reality is, we entered into a somewhat superficial relationship. I’m not knocking the banks. They provide a specific service to a specific target market. And they do it well. That’s why they are reporting increased profits on a regular basis. What I am saying, is you need to accept that this is a relationship that will serve you well if you don’t hit any major roadblocks along the way.

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Happy about Mad Money

A retired couple, who came to me for financial advice, were in for one of their follow up Counselling Sessions. I had them track their spending for the previous month and was asking them how they did. They felt they had done a good job except for the fact that (in her words) her husband did not get receipts. He was openly frustrated with this requirement to account for every cent spent.

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A hidden treasure in Diary of a Wimpy Kid

When my kids first started bringing the books home, I wasn’t crazy about the “wimpy kid”. He seemed a bit, well, jilted and rude. But the wimpy kid stayed around, the books came home from the library and the movie appeared several times at different events. And then, something magical happened