Death By Subscription

The great financial plague that is wiping out households across North America in particular is none other than personal or “consumer” debt.  I’m describing it like it’s something to be feared because there’s still enough old-school financial thinking left in me to realize just how nefarious it is.  Once out of hand, it not only destroys one’s financial situation, but it has also Continue reading “Death By Subscription”

Overcoming the Debt Mindset

It can be argued that the concept of saving is largely a lost art.

From a developed-world perspective, there is no longer a stigma attached to debt like there was a few decades ago, so people merrily spend their way into multiple forms of debt without thinking about the future consequences.  The ideas of penny-pinching, not buying what you don’t have the cash for, and other forms of saving and frugality – with the goal of someday building a nice nest-egg of savings – have been lost in this world of abundant and easy credit.

In fact, it would seem as though Continue reading “Overcoming the Debt Mindset”