Everything You Need to Know About Debt

Overview:

The COVID-19 pandemic has brought the issue of debt to the forefront as it has never been before. Governments and central banks around the world have racked up trillions of dollars of debt to keep their economies from tanking. And this is after many have been living beyond their means for decades. Many financial institutions and individuals are also getting deeper and deeper into worrying territory when it comes to their debt levels.

Where is this all going? Will our country and financial systems be, OK? Will we be, OK?

That’s why this on-demand course exists. To give you the real truth about what’s going on with the world and Canada’s government, bank, and household debt. In this course, you will cover everything you need to know about government, bank, and personal debt.

This on-demand course is designed to inspire you to take control of your debt if that is needed and arm you with the information you need to know about debt at a government and bank-level so you can optimize your financial strategies going forward.

Course Content:

In this course, you will gain knowledge about the following topics:

·       Look at how the government and central banks control the economy through fiscal and monetary policy, and we’ll take a detailed look at the latest financial statements of both Canada and the United States

·       Find out how the Bank of Canada is pumping billions of dollars into the economy

·       Compare Canada's financial situation and health to other countries

·       Find out the ugly truth about the United States’ financial position by studying their latest financial statements

·       Get up to speed on the strengths and weaknesses of Canada’s big six chartered banks including a look at a consolidated balance sheet of all of them

·       Learn everything you need to know about personal debt including how to find out and improve your credit score

·       How to find out and improve your credit score, pay off your debts, and whether RRSPs are a better option than paying off debt including a look at the RRSP versus pay down debt calculator spreadsheet which is included with the course

·       Learn from personal stories of people dealing with debt issues

·       Find out the options for getting out of debt including doing it yourself, a credit counseling debt management program, consumer proposal, and bankruptcy

·       Includes 10 secrets to improving your credit score

·       Get a free Excel calculator called the “RRSP versus Pay Down Debt Calculator” that will be demonstrated in this course

Learning Objectives:

Upon completing this course, you should be able to:

·       Identify where debt problems come from - human nature and the low interest-rate environment

·       Understand the psychology of debt and what is fueling the debt binge

·       Identify the effect of the unprecedented quantitative easing created by our central bank, the Bank of Canada, including a look at its latest financial statements

·       Learn the ins and outs of fiscal and monetary policy

·       Refer to the financial stability and risks facing the big six Canadian chartered banks including a look at the consolidated balance sheet of all six of them

Who Will Benefit: 

Individuals wishing to learn all about debt at the government, bank, and personal levels.