Crushing Debt – Why Canadians Should Drop Everything and Pay Off Debt

Post-Christmas is the time of year when people sit down and make their New Year’s resolutions.  I won’t cause you undue boredom with my New Year’s resolutions of how I need to get back to running 10K three times a week, set aside more money for investing, and pay off my credit card in full every month etc. 😉 The last point is pertinent, because Canadians are amassing enormous debts on their credit cards and lines of credit. [earnist ref=”crushing-debt-why-canadians-sh” id=”12660″] Trahair asks the hard questions, such as are the Canadian banks as strong as people think they are? Is …

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Paying off Debt is the BEST Investment

The following is a guest post. If you’d like to guest post on the Dividend Ninja, be sure to check out our Guest Posting Guidelines. I firmly believe that paying off debt is the best investment with the greatest rate of return. For every dollar that you pay back in debt on top of your minimum payment, that’s less money you will give to your creditor. This does not mean I don’t believe in investing, but rather I want to take care of my priorities first. There are other reasons why I think eliminating your debt is a great investment. …

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