Struggling to stay motivated while repaying debt? You're not alone!

Charlie Kovacs, BIA Insolvency Counselor with Hoyes Michalos, joins Debt Free in 30 to share practical strategies to help you stay focused, celebrate small victories, and shift your mindset from guilt to empowerment.

Whether juggling student loans, tackling "life quakes," or just figuring out how to prioritize debt, this episode offers expert advice to keep you on track.

Sign up for the monthly Debt Free Digest HERE

Hoyes Michalos Instagram
Hoyes Michalos Facebook
Hoyes Michalos TikTok
Hoyes Michalos Twitter (X)
Hoyes Michalos LinkedIn

Credit Rebuilding Course

Timestamps

(2:50) – Is Tracking Progress Essential for Debt Repayment?

(4:30) – The Power of Small, Daily Financial Decisions

(5:40) – How Often Should You Review Your Progress?

(6:40) – Celebrating Wins: The Role of Little Rewards

(8:30) – Ontario Student Loans: Current Trends

(10:15) – Prioritizing Debt: Revolving vs. Installment Loans

(11:20) – Life Quakes: Handling Major Financial Disruptions

(15:30) – How a Financial Professional Can Transform Your Debt Journey

(18:20) – Support Systems: Friends and Family's Impact on Motivation

(20:50) – Shifting Your Financial Mindset

(25:00) – Your Emergency Fund’s Purpose

(28:30) – Practical Advice for Tracking Progress

Should I Pay Off a Credit Card with a Credit Card?

Can You Be Forced into Involuntary Bankruptcy?

Straight Talk on Your Money by Doug Hoyes

Hoyes Michalos Blog

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.

If you’re a homeowner in Canada, you can’t miss this episode!

Canadian homeowners are increasingly facing the tough reality of missed payments and rising financial pressures.

Licensed Insolvency Trustee Scott Terrio joins Debt Free in 30 to unpack the potential warning signs of mortgage trouble, troubleshoot possible solutions, and provides guidance on how to handle worst-case scenarios.

Timestamps:

(1:25) – Canada is at the beginning of a mortgage crisis

(3:50) – Early warning signs of potential mortgage struggles

(8:30) – What to do if you think you might miss a payment

(11:00) – Mortgage deferral programs: How they work

(12:40) – Refinancing or modification of your mortgage

(15:00) – HELOCs (Home Equity Line of Credit)

(17:15) – Selling your house: An extreme or smart option?

(23:15) – If you miss one payment what exactly happens?

(25:45) – Consequences of missing multiple payments

(27:45) – Worst-case scenario: How it unfolds

(28:55) – Can you buy a home again if you lose your current one?

(32:30) – Why an insolvency proceeding might be a good idea

We release new content every weekday! Follow our socials for funny podcast clips, money management tips, Q+A, and more!

Hoyes Michalos Instagram
Hoyes Michalos Facebook
Hoyes Michalos TikTok
Hoyes Michalos Twitter (X)
Hoyes Michalos LinkedIn

Sign Up for Our Newsletter HERE

Credit Rebuilding Course

What Happens If You Miss a Mortgage Payment?

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.

How do you know if you're financially fit?

Doug Hoyes and Ted Michalos break down the essentials of financial "fitness", covering the importance (or unimportance) of positive net worth, stable cash flow, emergency funds, retirement planning, life insurance, budgeting, and more. This episode is packed with expert insights to help you evaluate your financial health and make informed decisions for a financially “fit” future.

Timestamps:

(0:45) – Ted Michalos on Financial Literacy Month

(2:00) – What does it mean to be financially "fit"?

(3:35) – Defining positive net worth and positive cash flow, which is more important?

(7:30) – Example of a cash flow analysis

(9:10) – The importance of an emergency fund (do you need one?)

(12:00) – Is a retirement plan essential?

(14:30) – Financial jargon sounds complex – Doug and Ted keep it practical

(16:00) – Do you need a budget or any financial plan at all?

(21:30) – Setting a savings goal: Why it matters

(24:30) – Life insurance and financial security

(25:00) – Final financial literacy advice from Doug and Ted

We release new content every weekday! Follow our socials for funny podcast clips, money management tips, Q+A, and more!

Hoyes Michalos Instagram
Hoyes Michalos Facebook
Hoyes Michalos TikTok
Hoyes Michalos Twitter (X)
Hoyes Michalos LinkedIn

Episode Links

Why Budgets Fail and How to Succeed
Straight Talk on Your Money by Doug Hoyes
Hoyes Michalos Blog
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.