Course curriculum

  • 1

    Introduction

    • Introduction

      FREE PREVIEW

    • Learning outcomes

    • My own story

      FREE PREVIEW

    • Marie's story

    • Why is the consumer debt crisis so bad?

    • A look at recent historical interest rates

    • How Long will rates remain low?

    • A financially illiterate consumer is a bank's best customer

    • Financial education why is it missing?
  • 2

    The economy and government debt

    • Introduction

    • Fiscal and monetary policy

    • The current situation

    • Government accounting terminology

    • Canada's financial statements

    • How big is Canada's debt?

    • Canada's annual and accumulated deficit history

    • US financial position

    • Ratio of federal debt to gross domestic product

    • Canada's debt versus the rest of the world

    • MGI's five-part framework

    • Provincial and territorial accumulated deficits

    • Canada's debt per capita

    • What it's like to be bailed out

    • Perpetual government deficits

    • The Bank of Canada

    • What if we just cancel pandemic debt?
  • 3

    Canada's Big Six Chartered Banks

    • Introduction

    • Why they so worried about household debt?

    • An analysis of the big six Canadian chartered banks

    • For a bank $1 billion profit is peanuts

    • Bank capital requirements

    • What about the debt to equity ratio?

    • Why is debt more popular than equity?

    • Conclusion
  • 4

    Personal debt

    • Introduction

    • Canadian average debt levels

    • The line of credit trap

    • How to get out of personal debt

    • Attacking debt

    • Canadians' love affair with debt

    • The options to crush your debt

    • Pay off your debts yourself

    • Credit card balance transfers

    • Credit card revolvers

    • Debt reduction methods

    • Demo of what's the cost website

    • Effect of carrying a mortgage into retirement

    • Your home as a source of funds

    • Credit counselling debt management program

    • Shirley's DMP story

    • Consumer proposal

    • Bankruptcy

    • Choosing what route to take

    • RRSP vs paying down debt

    • RRSP vs pay down debt calculator

    • Advantages of paying off debt versus RRSP

    • What is a credit report and score?

    • What's in your credit report

    • How they determine your credit score

    • How to get your free credit report and score

    • 10 secrets to improving your credit score

    • Conclusion