Here in Canada - some facts on money made me cringe.
Average credit card debt - $26,000.
Youngsters saying they feel 'empowered' by the amount of debt they carry. Quoi?
RE is the way to get rich, without working. Huh>?
Debt kills. Trouble is, there is such as a thing called "Generational Myopia" - every 20 years or so, people forget about busts.
Vancouver crashed hard in 1980. It is crashing across the Country now - but no one is talking about it...instead people think that RE is the way to get rich.
NOPE.
Never put all your assets in an illiquid asset - DOH!
Average credit card debt - $26,000.
Youngsters saying they feel 'empowered' by the amount of debt they carry. Quoi?
RE is the way to get rich, without working. Huh>?
Debt kills. Trouble is, there is such as a thing called "Generational Myopia" - every 20 years or so, people forget about busts.
Vancouver crashed hard in 1980. It is crashing across the Country now - but no one is talking about it...instead people think that RE is the way to get rich.
NOPE.
Never put all your assets in an illiquid asset - DOH!
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