Is it time to give your financial life a checkup?  If you are living on your credit cards you have to stop now. 

There are people out there (we meet them every day) who  make modest incomes but are using credit card and lines of credit as if it was extra income.  It’s easy, too easy in fact.  I remember getting my first Canadian Tire Card over 30 years ago and I remember thinking wow I have an extra $2,000 to spend.   It’s so kind of psychological mind game.  Some people have been able to acquire as much as $100,000 dollars in credit cards and get way over their heads by maxing many of them out.

I just had a client in their 60’s show me their credit card statement.  It said on the statement that in making just the minimum payment it will take 102 years to pay it off.  Well do the math!  Last time I checked people we’re not living to 162.  It is the power of compounding interest and it is not in our favour.  If you are using credit to pay credit you are already in the danger zone. Call us immediately before you start missing payments. 

The other day I was in the grocery store and I saw a young couple pull out a credit card to pay for groceries.  We as a society have to get back to basics and stop the insanity.  Live below your means if you can and watch the pennies because that will take care of the dollars.  For goodness sakes stop livin in La La Land. Stop spending and start saving. If you can’t save because you are paying too much interest, then call us to see if we can help eliminate your high cost (bad) debt, and help you get your life back on the rails. Your need a budget. You need to look at your bank statements to see where you spend your money.

Call us for a complimentary copy of ‘MY KIDS ARE GONNA BE RICH’ by Stuart Lyall. It’s for everyone and it will help you.