Oct 14, 2018

Episode 14 – An inside look at Canadian consumer debt

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:

  • The start of the ETF boom
  • When proponents of active management realize they should index
  • Cutting wasteful expenses without sacrificing happiness
  • Pulling off a successful downsizing
  • Housing is not an investment
  • The real cost of owning a home
  • Defining the ideal lifestyle
  • Digging into Canadian consumer debt levels
  • The real debt to income ratio for debtors in Canada
  • Is mortgage debt always “good” debt?
  • The rising cost of debt and its effect on the economy
  • Credit card rates are justified
  • Choosing the right credit card
  • Never pay an annual fee on a credit card
  • The boom-bust lending cycle
  • Bankers saw the financial crisis coming, but had to keep going
  • Focusing on the things that you can control

 

About The Author
Cameron Passmore
Cameron Passmore

Cameron Passmore has been a leading advocate for evidence-based, systemic investing for over 20 years in the Ottawa area. Today, Cameron and his team serve a broad range of affluent clients across Canada.

Benjamin Felix
Benjamin Felix

Benjamin is co-host of the Rational Reminder Podcast and the host of a popular YouTube series.

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