Debt Free In 30

You’ve got some extra cash. Should you pay down debt or invest it? In this episode, Doug and Ted discuss whether to use your extra money to tackle high-interest credit card debt, invest in an RRSP, or pay down a mortgage.  They’ll also share their advice on what steps to take if you’re unable to pay off your debt—like turning to a consumer proposal. Tune in to learn how to effectively manage your finances and make the most of your money. Time Stamps: 00:00 Pay off debt on your credit card 02:53 Pay off debt or put money in an RRSP? 04:54 Pay off your mortgage or invest in an RRSP? 06:16 Investing may be better than paying off debt for first time home buyers 07:03 Investing makes sense when you inherit a lot of money 08:08 RISK 11:42 The smart way to pay off your debt 13:17 Is there an advantage to paying off a secured debt vs an unsecured debt? 16:19 If you can’t pay your debts you can file a consumer proposal 21:29 Receiving a lump sum of money during a consumer proposal 27:18 Final thoughts Related Links: S