Open House - The Real Estate and Mortgage Show
Steve, Paul and Frank take all your real estate and mortgage questions. The guys speak with David Chilton, author of the best-selling Wealthy Barber Series and the newest Dragon's Den member.
This week on Open House - The Real Estate and Mortgage Show, Steve, Frank and Paul are joined by David Chilton, author of The Wealthy Barber and the newly released The Wealthy Barber Returns. The team talk about issues that are recently top of mind for many Canadians, and take questions from listeners.
One of the hot topics on this week's show was Canadian debt levels. David weighed in on this topic, stating that although he believes debt is a concern, he also agrees that there are different types of debt. High interest credit card debt is a concern, especially for students who are just starting to build a credit rating and may not necessarily have the financial knowledge to manage their debt. David also points out that there are many Canadians who are able to service their debts, but have borrowed so much they are unable to contribute to their retirement funds or emergency savings. He stresses the importance of borrowing only what is needed, and borrowing for the right reasons.