Debt Free in 30

By: Doug Hoyes
Listen for free

  • Summary

  • Every week we take 30 minutes and talk to industry experts about debt, money and personal finance.
    Show More Show Less
Economics Personal Finance
Show More Show Less
Episodes
  • 550 – How to Build Wealth While Managing Debt: A Practical Guide

    550 – How to Build Wealth While Managing Debt: A Practical Guide
    Mar 15 2025

    Debt often gets a bad rap, but what if you could use it to your advantage?

    This episode unlocks the power of strategic debt! Learn to leverage other people's money, distinguish between good and bad debt, and manage borrowing effectively. Doug and Ted, co-founders of Hoyes Michalos, provide practical strategies for building wealth with debt, including a look at crypto's role.

    Learn how to make debt work for you, not against you.

    (0:00) - Using Debt as a Wealth-Building Tool
    (4:00) - Understanding Leverage and Margin: Risks and Rewards of Investing with Borrowed Money
    (7:00) - Good Debt vs. Bad Debt: Identify the Difference
    (15:45) - Building Wealth While in Debt, Is It Possible?
    (17:30) - Opportunity Cost and Interest Rates
    (20:00) - The Challenge of Paying Interest While Building Assets
    (22:40) - Cryptocurrency and Debt: A Viable Investment Strategy?
    (24:00) - Practical Debt Management Strategies for Wealth Growth
    (26:30) - Strategic Borrowing: Using Debt for Investments?

    Myths About Credit Card Debt in Canada

    How to Eliminate Debt in Ontario

    Is Another Loan a Good Idea?

    Sign Up for the Debt Free Digest

    FREE Credit Rebuilding Course

    Debt Repayment Calculator


    Disclaimer:
    The information provided in the Debt Free in 30 Podcast is for entertainment and informational purposes only and is not intended as personal financial advice. Individual financial situations vary and may require personalized advice from a qualified financial advisor. Always consult with a financial professional. The views expressed in this episode do not necessarily reflect the opinions of Hoyes, Michalos & Associates, or any other affiliated organizations. We do not endorse or guarantee the effectiveness of any specific financial institutions or strategies discussed.
    Show More Show Less
    30 mins
  • 549 – Can You Walk Away from a Pre-Construction Deal? What You Need to Know

    549 – Can You Walk Away from a Pre-Construction Deal? What You Need to Know
    Mar 8 2025
    Alarming trend: Canadians are finding themselves unable to follow through on pre-con real estate purchases. So, what happens if you can’t close on a pre-construction real estate deal? In this episode, the co-founders of Hoyes Michalos break down the reality of pre-construction deals in Canada, including assignment sales, how rising rates and blanket appraisals impact your deal, and what happens if you can’t secure financing. They also explore the legal and financial consequences of “walking away” and whether solutions like a consumer proposal or bankruptcy might apply to your situation. Walking Away From a Pre-Con Deal with Consumer Proposal What To Do When You Can’t Close The Real Problem with Pre-Con Deals by Doug Hoyes LinkedIn (0:00) – What is a pre-construction deal in real estate? (3:30) – What is an assignment sale? (5:15) – Trends in Canadian pre-construction real estate deals (8:00) – “Blanket appraisals” and why they matter (11:45) – The financial and legal consequences of “walking away” (13:00) – Timing issues and pre-con purchases (14:00) – What happens if interest rates go up or down before your closing date? (17:00) – When builders run into problems — how it affects you (20:00) – Practical steps if you can’t close on your pre-construction home (22:00) – Can a consumer proposal help you walk away from a pre-con deal? (26:00) – Are you at risk of being sued by the builder? (28:00) – Bankruptcy: when it becomes an option for pre-construction buyers Sign Up for the Debt Free Digest FREE Credit Rebuilding Course Debt Repayment Calculator Debt To Income Ratio Calculator Read the FULL JOE DEBTOR CONSUMER INSOLVENCY STUDY 2024 ‘Debtasized’ Full Length Documentary – Free on YouTube HERE Hoyes Michalos YouTube Channel Hoyes Michalos Instagram Hoyes Michalos Facebook Hoyes Michalos TikTok Hoyes Michalos Twitter (X) Hoyes Michalos LinkedIn Straight Talk on Your Money by Doug Hoyes Find a Hoyes Michalos Office in Your Area Here Disclaimer: The information provided in the Debt Free in 30 Podcast is for entertainment and informational purposes only and is not intended as personal financial advice. Individual financial situations vary and may require personalized advice from a qualified financial advisor. Always consult with a financial professional. The views expressed in this episode do not necessarily reflect the opinions of Hoyes, Michalos & Associates, or any other affiliated organizations. We do not endorse or guarantee the effectiveness of any specific financial institutions or strategies discussed.
    Show More Show Less
    30 mins
  • 548 – Credit Card Habits Leading to Debt? Expert Advice for Canadians

    548 – Credit Card Habits Leading to Debt? Expert Advice for Canadians
    Mar 1 2025
    Canadian credit card debt is surging! Many people are feeling the squeeze of rising costs, stagnant wages, and mounting unsecured debt. This crucial episode offers timely financial guidance on improving credit card habits (which you may not realize are hurting your finances!) and effectively managing debt. FREE Credit Rebuilding Course (0:00) – Credit Cards Are Now the Norm, Should They Be? (4:00) – What minimum purchase amount should you charge to credit? (5:45) – The biggest problem with credit cards (7:20) – Everyone knows about interest- why do people use credit regardless? (9:00) – The positives of using credit cards (11:00) – Paying off one credit card with another – pros and cons (13:00) – Being “mindful” aka having a plan (14:00) – Gaming the points system – travel points, buy now pay later, (17:00) – Canadians are in hot water – the numbers of unsecured debt are up – prices are up and wages are not, credit cards are a survival tool (19:00) – Is debit a better idea for better financial decisions? (22:00) – Practical advice for better credit card management (27:00) – Practical advice for when credit card debt is completely unmanageable How to Pay Credit Cards 5 Ways to Survive Without Credit Cards Sign Up for the Debt Free Digest Debt Repayment Calculator Debt To Income Ratio Calculator Read the FULL JOE DEBTOR CONSUMER INSOLVENCY STUDY 2024 ‘Debtasized’ Full Length Documentary – Free on YouTube HERE Hoyes Michalos YouTube Channel Hoyes Michalos Instagram Hoyes Michalos Facebook Hoyes Michalos TikTok Hoyes Michalos Twitter (X) Hoyes Michalos LinkedIn Straight Talk on Your Money by Doug Hoyes Find a Hoyes Michalos Office in Your Area Here Disclaimer: The information provided in the Debt Free in 30 Podcast is for entertainment and informational purposes only and is not intended as personal financial advice. Individual financial situations vary and may require personalized advice from a qualified financial advisor. Always consult with a financial professional. The views expressed in this episode do not necessarily reflect the opinions of Hoyes, Michalos & Associates, or any other affiliated organizations. We do not endorse or guarantee the effectiveness of any specific financial institutions or strategies discussed.
    Show More Show Less
    31 mins

What listeners say about Debt Free in 30

Average customer ratings

Reviews - Please select the tabs below to change the source of reviews.

Audible.co.uk reviews

Amazon reviews
No Reviews are Available