This episode of the Debt Matters Podcast dives into the financial struggles of millennials. Hosted by Wayne Kay and featuring debt expert Daniel Maksymchak from LCTaylor Licensed Insolvency Trustee, the conversation explores how millennials are particularly affected by debt due to factors like high student loans, credit card debt, and the burden of…

In Episode 155 of the Debt Matters podcast, Daniel Maksymchak Licensed Insolvency Trustee provides valuable strategies on how you can control your credit card debt: Key points and topics covered: Understanding credit card debt: Explore the psychological and financial impacts of credit card debt and why people fall into the debt trap. Debt managemen…

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During my first visit to Alaska, I had to check off the requisite activities… salmon fishing on the Kenai, Halibut fishing off Kachemak Bay, Denali National Park, and of course, Denali Brewing Company. So, on my way out of Talkeetna, I stopped by to chat with Co-Founder Sassan Mossanen. In a 15 years, Sassan has piloted his brewery through expansio…

Rum nerds and mid-century Mavens, Martin and Rebecca Cate are back on the show! Check out Tiki Guru and The Cult of Tiki to hear previous interviews. This week, we’re diving into their place in the world of rum and the Rumbustion Society at Smuggler’s Cove, where their collection of fine and rare rums tops the 1000 mark. Over the course of the year…

Surveys have found that while most Canadians agree that having a budget is a good thing - less than half do. Learning how to set up a budget and stick with it lets your money know that you are taking charge. So what is the secret to budgeting? And how do you stick to the goals you have set? Licensed Insolvency Trustee, Brenda Wood shares some tips …

Whether you are applying for a new cell phone plan or a mortgage, your potential creditors want to understand your financial history and your ability to repay debt. Your credit score and report will help them decide whether they want to do business with you. But most people don’t know a lot about their credit report and credit score. Today’s podcas…

Statistics show that Canadians are falling deeper into debt. With high inflation and interest rates, most of us are under a lot of financial pressure as we combat the rising cost of living. Carrying debt can put a strain on our financial health and emotional well-being but It can be hard to find the right debt relief solution. Licensed Insolvency T…

Finding yourself with unmanageable debt doesn't usually happen overnight. It is often a slow unnoticeable process that might start with being a few hundred dollars short every month. But the sooner you take action, the more options will be available. You’ll have the ability to make decisions before your creditors do. If you think you are alone in t…

Owing the Canada Revenue Agency (CRA) money can be overwhelming. This government agency has greater powers to collect compared to other creditors. What do you do when you simply cannot pay your outstanding tax debt? The good news is that there are ways that you can overcome debts owing to the CRA. In this podcast, Licensed Insolvency Trustee Leigh …

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Everywhere you turn there is another report or survey about Canadian’s record high indebtedness. And alongside those reports we are inundated with offers to help. But be cautious and know that the only debt relief program administered by the federal government is a Consumer Proposal. And the only professional who can file a Proposal is a Licensed I…

Marie King has been making cocktails longer than most of us in the tiki bar business. She got an early start in hospitality at the age of 16 and couldn’t wait to get behind the bar. But, in order to do that, she’d have to move away from her home in Southern California and make her way to The Big Easy, New Orleans. But her travels weren’t done yet. …

Eric Kaye spent decades of his life as a professional musician and amateur rum aficionado. But, as a composer for film and television, technological advances brought the barrier-to-entry intro so low that the competition for those film contracts started to dry up by 2017, as producers looked for cheaper options, even emplying AI services to do the …

Debt cycles are easy to fall into but with a little planning and some discipline, you don’t have to keep spinning your wheels. Acknowledging that you’re trapped in a cycle of debt is a good place to start. In this timely podcast, Licensed Insolvency Trustee, Derek Chase, talks about strategies for managing debt. Other topics covered include: Payday…

If you are already under stress as a result of your financial situation, it’s difficult to decide where to turn when looking for debt relief. Meeting with someone in person who has an office where you live can be helpful. Licensed Insolvency Trustee, Derek Chase explains the benefits of seeking out a local Trustee firm that you feel comfortable wit…

It’s always a great time when I get a chance to talk with Zan Kong of Worthy Park Estate. But, despite the many hours of sharing Jamaican rum together, I’ve never really asked about his background and how he ended up in Jamaica from Canada. Well, this was my opportunity to remedy that. Tune in to find all about his big move from hospitality to rum …

Anyone can fall behind on debt payments especially in these uncertain economic times. Having unpaid debt turned over to a debt collector is a worst-case scenario for the majority of Canadians. But when this happens, it’s important to know how to minimize the impact if a debt collection agency does come calling. Licensed Insolvency Trustee, Mary-Ann…

Thousands of Canadian businesses exit the marketplace every year whether through filing Bankruptcy or just closing their doors. Many more are on a razor’s edge with the rising cost of servicing their debt due to higher interest rates. Today’s podcast looks at the cost of putting a business through Bankruptcy and other options that may be available.…

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I’ve been working on getting Christophe Rossi on the show since mid-August of last year. His bar, L’Escamoteur, came highly recommended from several Kyoto locals while I was in Japan. I dropped in expecting to have a drink or two, but ended up staying all night. And several subsequent nights. The cocktails were perfect and delivered with a bit of m…

While most Canadians view student loans as an investment rather than an expense, they can become a burden after graduation. As the years go by and more unsecured debt is added, it can be a struggle to keep up. If you are contemplating filing for personal Bankruptcy in the hopes of discharging your student loan debt, you need to make sure your timin…

Lately, there seems to be a theme of guests that had a specific path in life only to find it disrupted and hijacked by the craft spirits business. And this week is no exception. Jason Cox was working as a translator when he decided to spend a few months studying Mexican slang and dialects. When he attended his first mezcal tasting, he was immediate…

Under the Canadian Bankruptcy & Insolvency Act there are two options that allow consumers to eliminate debt, filing a Bankruptcy or a Consumer Proposal. The option you chose is based on your personal situation at the time of filing. But what happens if your financial circumstances change? Can you switch from a Bankruptcy to a Consumer Proposal or i…

Living paycheque to paycheque can be stressful, to say the least. A recent poll by Leger found that almost half of Canadians are living that way. Stepping off that treadmill is possible with a few sacrifices and a bit of hard work. Licensed Insolvency Trustee, Leigh Taylor talks about the paycheque trap - how it can slowly happen if we don’t pay cl…

Even though Canada’s economy is thriving in many ways, the rising cost of living is putting pressure on Canadian’s finances. As the price of goods continues to rise, household budgets are getting squeezed from all angles. Rising inflation is affecting most of us and in this podcast, Licensed Insolvency Trustee, Leigh Taylor discusses how we can pro…

The top 2 insolvency options that provide debt relief in Canada are personal Bankruptcy and Consumer Proposals. Both resolve debt problems and provide legal protection from your creditors. However, they are significantly different from each other. Everyone’s situation is different and there is no one size fits all solution in determining which is t…

The mere mention of the word Bankruptcy can send shivers down most people’s spines, but it doesn’t have to be a scary process. As with most fears, they stem from the ‘unknown’. Most people who have been through a Bankruptcy don’t tend to share their experiences. This podcast is meant to lift the curtain on this debt relief option and take the myste…

This week’s guest, Garett Richard has worked in some of the best bars and with some of the best bartenders in New York, which also makes them some of the best in the world. And being a tikiphile running a Tiki/Tropical bar in New York makes him something of a unicorn these days. Having made an unlikely jump from radio to hospitality, he has, in jus…

It has been said that money can be like a silent third partner in a relationship. Whether you’re married or just starting to get serious with someone, it’s a good idea to cultivate open and honest communication about your financial situation. Licensed Insolvency Trustee, Bonnie Hooley has had a lot of experience with couples, helping them navigate …

Debt is on the rise as Canadians deal with surging prices and interest rates. Many may not realize that they’re on the precipice, only making their minimum payments on a large amount of debt. But all it takes is one major change for the house of cards to fall. In this timely podcast, Licensed Insolvency Trustee, Bonnie Hooley talks about the causes…

Being in debt doesn’t mean that you are bad at budgeting or don’t know how to manage your money. Right now, debt is affecting most Canadians. Having a plan to follow can help you pay off your debt faster so you can regain financial stability. In this podcast, Licensed Insolvency Trustee, Amanda Sherwood talks about how to create an effective debt m…

Canadians’ debt is on the rise with increased interest rates and the soaring costs of living resulting in many teetering on the brink of insolvency. Still, most people cling to the notion that Bankruptcy only happens to 'deadbeats', but nothing could be further from the truth. In this podcast Licensed Insolvency Trustee, Amanda Sherwood dispels som…

Owning a home has traditionally been a solid form of investment. But with inflation at an all-time high, interest rate hikes are beginning to cause a slowdown in the real estate market. As the market continues to fall, many recent buyers are beginning to regret their decision to buy. In today’s podcast, Licensed Insolvency Trustee, Matt Fader, addr…

The latest polls have found that nearly half of Canadians are living paycheck to paycheck as the cost of living continues to rise. Household budgets are getting squeezed causing debt levels to increase. Once you find how much money you need to stay on top of your expenses, you’ll either need to make sacrifices or find a way to increase your income.…

A new report predicts that all food categories could rise by as much as 4.5% in 2024. This may mean that we need to be more diligent in how and where we shop and look for new opportunities to save on our grocery bills. This podcast features, LIT Derek Chase, strategizing ways we can fight back and be more creative with our food budget. Topics inclu…

The end of the year is a good time to reflect on the past year, not only on your physical fitness or weight but also on your finances. There may not be much you can do to control the uncertainties of the economy but you can create a plan to help you achieve your financial goals. This podcast gives you some steps to help set your finances on the rig…

Rolling Fork Spirits won me over immediately. The two owners, Turner Wathen and Jordan Morris, set out to create a brand that offered something no one else was offering. Luckily for us (read: me) that meant rum! This small, independent bottler could easily fly under the radar of spirits geeks. But, again, lucky for us, they’re doing it more for the…

Over the last few years, Canadians have seen the ‘financial confidence’ drop. But that doesn’t mean that we shouldn’t still be planning for the future. Preparing a budget for the new year doesn’t have to take too much effort. You’ll reap the benefits of knowing where you stand in each upcoming month. Licensed Insolvency Trustee, Daniel Maksymchak t…

The increased cost of living and interest rate hikes have had a cumulative effect on most of Canadians’ finances this holiday season. Finding ways to keep within your budget can increase your well being. And you’ll thank yourself in the new year. As we head into this holiday season, Licensed Insolvency Trustee, Daniel Maksymchak talks about how to …

Debt is a normal part of life for most people. Recent data from StatsCan shows that only 30.2% Canadians live debt free. But how much debt is too much and how do you know when it’s time to reach out for help? These are the questions Licensed Insolvency Trustee, Mark Marshall answers in this timely podcast. Other topics covered are: Warning signs to…

A recent Leger poll taken in September 2023 has found that nearly half of Canadians are living paycheque to paycheque as the cost of living continues to rise. Skyrocketing inflation means that there is less money available to save for emergencies or retirement. Is there a way to break this cycle? Licensed Insolvency Trustee, Mark Marshall, talks ab…

I’m back in Japan today, and talking to one of the few tiki bar owners in the country. Brandon Grilc’s career as an architectural historian took a left hard turn when he and his wife decided to spend some time in Japan teaching English. They had already become tikiphiles and amateur Mid-Century (American) historians while living in the Pacific Nort…

The Bucket List Showद्वारा Rebecca Danise & Tammy Crandell

The Bucket List Showद्वारा Rebecca Danise & Tammy Crandell

The Bucket List Showद्वारा Rebecca Danise & Tammy Crandell

With rising interest rates, paying off debt can feel like it has to be your only financial priority. But should you not be saving for those unexpected expenses that keep popping up? How do you build financial resilience in these challenging times? Savings versus paying down debt, it’s a balancing act. Licensed Insolvency Trustee, Mary-Ann Marriot t…

When Ashok Chokalingam took his first job with Amrut Distilleries, he had no idea how far that job would take him, and the impact he’d have on the whisky category, India, and worldwide acceptance of one of the most beloved whisky styles in the world – made in India. Not Scotland. His first job with the company was to relocate to Newcastle upon Tyne…

Credit card spending in Canada has reached a historically high level. With such high demands for credit, credit card companies are finding ways to be more competitive. Some offer lower-interest or no-interest cards for a limited time when you do a balance transfer. But is it a good idea to pay one credit card down with another? Today, Licensed Inso…

Personal Bankruptcy is a legal process overseen by the federal government to help Canadians who can’t afford to repay their debts find debt relief. The number of people struggling with insolvency has increased substantially as the cost of living remains high. No-one really wants to go bankrupt but as Licensed Insolvency Trustee, Derek Chase explain…