Earlier this week Detroit, Michigan filed for Chapter 9 bankruptcy protection. If the filing is approved then basically it means the city’s assets are protected from debt collectors. If a person buys a home or a car and is delinquent on their mortgage payments then the lender has the right to evict the person and sell the house… Read More »
Jérôme Kerviel worked for the second largest bank in France, Société Générale, until he went rogue and made a lot of fraudulent trades. He cleverly execute trades by sending fake emails from hacked computers. If his trades were to have been successful he would have became very rich today. But with great opportunity comes great risk and unfortunately for… Read More »
Highest Debt Level Ever Credit bureau TransUnion released their quarterly report recently on the credit history of 25 million Canadians. They’ve found that excluding mortgages, we each owe on average $27,485 of debt, which is up $1,500 from last year and a record high. The average balance owing on a Line of Credit (LOC) grew by 2.6%, installment… Read More »
We sometimes hear about how Canada’s debt is over $600 billion, and it’s going to hit new highs in the next couple of years, and how it’s so unfair to leave all this massive debt to future generations. But I don’t think it’s that big of a deal. I’m sure in the 1980’s when our parents were younger,… Read More »
Despite being only one week away from the end of the world, here are some news you can use 🙂 – We’re Living Longer The popular medical journal The Lancet published the most comprehensive assessments about health and life expectancy in the world. After researching 187 different countries scientists concluded that people are now living 10 years longer… Read More »
Popular search terms that brought visitors to freedomthirtyfiveblog.com…. Nov 16th – from Halifax, NS… “canadian net worth statistics” The median net worth for an individual Canadian adult is $89,014. But the median net worth for a family in 2005 was $148,350. Nov 15th – from Chicago, Illinois… “i bought apple stock on margin, what should i do” Depends on your investment… Read More »