Tagmoney

House Poor is Out. “Kid Poor” is In.

Why the cost of modern parenting is drowning families—and how to be the adult in the room to fix it.

This is an article I began writing 8 months ago. I delayed publishing it because my inner circle said I would get a lot of hate mail.. Well, after seeing more families fall into these situations, I have to speak out. For what it’s worth, I softened the wording to make this easier to digest.

Every parent shares a universal instinct: the desire to give their children the world. We feel a heavy, almost biological responsibility to provide every opportunity life has to offer. In previous generations, this was simpler. Forty years ago, parenting often meant handing a child a stick and a ball, or a cardboard box, and telling them to play outside until the streetlights came on.

Posted 2 months ago Bank News

Stop Bleeding Cash: Why Your Mortgage is the Ultimate Financial Power Tool

Let’s have an honest conversation about the financial squeeze many Canadians are feeling right now.

Prices are up at the pump, at the grocery store, and certainly in utility bills. But for many homeowners, the real pressure isn’t just inflation; it’s the “silent killer” of accumulated consumer debt sitting on top of their mortgage.

I see it every day in my practice. Good people, with good incomes, who have managed to build significant equity in their homes, yet they are drowning in monthly payments because they are financing their lives using the wrong tools. They are using 19.99% credit cards and 11% lines of credit for expenses that should be financed at 4-5%.

It makes absolutely no financial sense.

Posted April 10, 20251 Comment Bank News

A Financial Crisis Or Is It?

2025 will go down in history as one of those years filled with volatility and turmoil. There’s a quote from a book I read that seems appropriate today. “People want certainty versus accuracy.” I hope to give you certainty by sharing my 36 year experience in financial services and having lived through 5 financial crises and living through a 6th crisis today.

I’m going to take a risk and speak very bluntly. This may anger or upset some of you. I apologize, I have to say some things. I have to point out the obvious.

FIRST THE BAD NEWS…

I’m a math guy. Work with numbers every day. The stats don’t lie. Our economy, GDP, cost of living, housing costs, have all gone into the toilet. You don’t need to look very far to believe this. Many of you have contacted me about job losses, or potential job losses. Those secure in their jobs call me because they have increased their debt levels and this can be for many reasons. The point is, many are having a hard time paying their debts.