paying off debt Archives - Page 3 of 3 - The Outlier Model

Paying off my student loans

student loans, paying off student loans, debt freedom, paying off debt

Brian / June 3rd, 2011 / No Comments

According to Statistics Canada, over half of Canadian students graduate from post secondary education with an outstanding government student loan. As you know, CF graduated with a large student loan, while I owed less to the government but more to my parents. On average, we had as much debt as everyone else. Not very appetizing for a couple who prides themselves on being different! Photo Credit:...

Posted in: Credit and Debt, Money Tagged with: compound interest, debt reduction, debt snowball, paying off debt, provincial loan vs. federal loan, sacrifices, student loans

Net worth update 2010

income tax refund, tax refund, extra money, Net worth update , net worth, financial success, financial health

Brian / February 8th, 2011 / 2 Comments

In terms of overall financial health, your net worth is a great indicator of overall success. To calculate your net worth, add up all of your assets (things that are worth money) and subtract your debts (loans, etc). 2010 was the first complete year that both CF and I kept track of our net worth on a monthly basis. At first, adding up all of my assets and debts seemed like a big task. Now, I enjoy...

Posted in: Money Tagged with: assets, debt, loans, Mortgage, net worth, paying off debt, RRSP, TFSA