88 - Financial Literacy: Guide to Personal Finances

Financial literacy is the ability to understand and effectively use skills such as budgeting, saving, taxation, and investing. When you are financially literate you have the foundation of a relationship with money. Achieving financial literacy is crucial in today’s world as we navigate through everyday facets of life, such as student loans, mortgages, credit cards, investments and at some point - retirement. But not all of us can afford the time to get a degree in finance. The old joke of how you eat an elephant - just one bite of a time comes to mind when Licensed Insolvency Trustee, Derek Chase breaks financial literacy down for us. 

Derek discusses:

• A starting point to change the family lineage financial illiteracy
• Importance of finding a mentor
• Where to find resources with good Canadian content
• Strategies to make time to learn
• The payoff of families and partners pulling together and getting onboard

If you are struggling with your finances, Licensed Insolvency Trustees can help you get back on track. From budgeting to Bankruptcy, they are considered one of the best resources to consult, licensed and regulated by the federal government of Canada. 

Derek Chase is a Licensed Insolvency Trustee in British Columbia. He has been helping individuals and corporations restructure their debt since 1997. His areas of practice include personal and corporate insolvency including Consumer Proposals and Bankruptcy. The best part of his work is to be able to witness lives change for the better when the heavy burden of unmanageable debt is lifted. 

• Derek L Chase & Associates Ltd. Licensed Insolvency Trustee
• Financial Literacy in Canada
• How to Break the Debt Cycle