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Interesting, and concerning, article in today's Toronto Star newspaper (online) - about how more people are carrying huge mortgages into retirement. Are they in trouble, or is this the new normal?

While a Canadian item, in our current economic circumstances, no doubt this is a situation facing those also in America.

While extended amortizations, dipping into home equity, reverse mortgages, and so forth are ways of helping to keep people in their homes during our golden years - the sad part is there never seems to be a light at the end of the tunnel.

My Debtshredder program, is a financial GPS tool that only uses what is at hand to dashboard an end goal. We are not a debt agency. We only use a program to show people how to use our algorithms to strategically pay down liabilities and help find closure. Used by individuals, agents, brokers, realtors, and advisors - we are helping people get out of debts 5 years sooner, and save almost $100K in interest charges.

Looking for people, agents and/or anyone who work with the soon to be retired, those who are thinking of retirement in the next five years, or those who just became retired.

Please talk to us - or thank you for referring folks to us. We can help!!

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More Canadians are carrying huge mortgages into retirement. Are they in trouble, or is this the new normal? Some clients who are just five to 10 years shy of their golden years are still $500,000 away from paying off their mortgage, says one financial planner. What are your

Are you in a business model where successes is shared be all or by one?

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Today is You Day! (so what if we made that up..)

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Another Student Loan Company is not renewing its contract in Dec.

That brings the total to 10 Million Borrowers between the 2 companies.



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Another student-loan company is shutting down its services, bringing total number of borrowers in limbo to nearly 10 million Granite State Management and Resources, which holds 1.3 million borrower accounts, said it would not renew its contract to service student loans.

Terrible story. Nonetheless, some soothsaying here - as interest rates are posed to rise within the next 6-12 months, how many who financed on cheap money are ready for the hit?

‘A lot of anxiety out there:’ Canadian insolvency at highest level since index began in 2017 Debt is one of the potential long-term impacts of COVID-19, driven in part by the housing market, economist says

Interesting and exciting news - In Canada.

The Province of Ontario has announced that Ontario's Grade 9 math curriculum will be modernized this fall to better equip students for the future with courses on financial literacy, which includes learning about debt, savings, how to use a credit card, and even how to apply for a mortgage or rent.

There may be a lot open to conjuncture about how the Ministry of Education in Ontario is running the firm (and as a teacher in Ontario, I am very much biased on the matter), but this is one item I do agree with.

Meantime, for those well past their high school years, we can still help fill in the blanks. Check out how we can exchange your debt for wealth using our program that, on average, has helped our clients reduce their debt load by $100K and has given them back 5 years of interest payments back into their own wallet: www.shopfinancial.com/edenbrookwelnes

The Bank of Canada cuts growth forecast for 2021, reduces bond-buying target. How do you strategize your financial scenarios for inflation?

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Bank of Canada cuts growth forecast for 2021, reduces bond-buying target OTTAWA - The Bank of Canada says the domestic economy will grow at a slightly slower pace this year than it previously thought and sees the risks from...

Concerning Statistics. 61% of Americans lack the financial resources to come up with an emergency fund. In Canada, 40% of Canucks are in the same boat. YIKES!