Is everyone in Canada really becoming poor?


Johnnny
#1
The Financial Post released an article saying that a fair share of Canadians are $200 away from financial ruin. That's crazy.

I never thought much of it but I have noticed I'm the only one in my group of friends that even pays into a RRSP and has a TFSA. I'm saving for a new car but I assumed my friends were just an anomaly.

It can't be that bad out there but apparently it is.
 
Walter
+2
#2  Top Rated Post
Polls are never wrong.
 
Hoof Hearted
+1
#3
I have to save up just to be broke. And I doubt I'm the only Canadian in that boat.
 
justlooking
+1
#4
Interest rates way too low for way too long.
People pickling themselves in debt.
 
Hoof Hearted
+1
#5
Lots of people...many seniors...are house rich yet cash poor. Kinda like owning a fancy car you never get to drive.

I'm due to inherit substantial cash and property down the line, but it doesn't make me any less ambitious. I'm having trouble making ends meet these days, but I know it won't always be that way. But I suppose I'm one of the lucky ones.
 
Twin_Moose
#6
Hang in there for every boom there is a bust and keeps cycling through your whole life.
 
DaSleeper
#7
If you don't want to be cash poor....
The question you have to ask yourself when you see something in a store...
Is it a need? or a want?
If it's a "want" ....... Wait until tomorrow to make the decision to buy it.
 
MHz
#8
Quote: Originally Posted by Hoof Hearted View Post

I have to save up just to be broke. And I doubt I'm the only Canadian in that boat.

Actually you might be unique in that respect.
 
Johnnny
+1
#9
Quote: Originally Posted by DaSleeper View Post

If you don't want to be cash poor....
The question you have to ask yourself when you see something in a store...
Is it a need? or a want?
If it's a "want" ....... Wait until tomorrow to make the decision to buy it.

Don't talk about beer like that
 
MHz
#10
You should include that as part of your campaign to be the head head-chopper. You got a catch phrase yet?
 
White_Unifier
#11
Quote: Originally Posted by Johnnny View Post

The Financial Post released an article saying that a fair share of Canadians are $200 away from financial ruin. That's crazy.
I never thought much of it but I have noticed I'm the only one in my group of friends that even pays into a RRSP and has a TFSA. I'm saving for a new car but I assumed my friends were just an anomaly.
It can't be that bad out there but apparently it is.

What we need is to spend more on official bilingualism. God forbid a French Canadian on an international Air Canada flight fails to be served a 7-Up in French.

Priorities, I say!
 
MHz
#12
Quote: Originally Posted by White_Unifier View Post

What we need is to spend more on official bilingualism. God forbid a French Canadian on an international Air Canada flight fails to be served a 7-Up in French.

Priorities, I say!

Forget that, lets deal with something important, like all those 'code words' you just tried to slip through.
 
Hoof Hearted
+2
#13
MHz...

The Mothership will pick you up at the usual coordinates.
 
Walter
+2
#14
Saving 10% of everything you earn will guarantee you won't be poor in retirement.
 
MHz
#15
Quote: Originally Posted by Hoof Hearted View Post

MHz...

The Mothership will pick you up at the usual coordinates.

Where do you think was was for the 'missing 2 years'? This return is 'like a wish come true', for one of us anyway. Why does the term, 'last man standing' seem to apply here??

 
MHz
#16
Quote: Originally Posted by Walter View Post

Saving 10% of everything you earn will guarantee you won't be poor in retirement.

Looking forward to all that quality time we have coming, there is soo much ground to cover, Yes??