504 episodes

Each week Doug Hoyes talks to industry experts about debt, money, and personal finance. Don't be confused; listen as the guest experts cut through the jargon and share practical advice.

Debt Free in 30 Doug Hoyes

    • Business
    • 4.2 • 62 Ratings

Each week Doug Hoyes talks to industry experts about debt, money, and personal finance. Don't be confused; listen as the guest experts cut through the jargon and share practical advice.

    Pet Ownership Costs & Tips to Avoid Debt

    Pet Ownership Costs & Tips to Avoid Debt

    How much does it cost to own a pet? Join Doug and special guest Maureen Parent as they break down the expenses, from breeder fees to food, vet bills, travel, dental, training, and more! Maureen offers valuable tips for managing your pet's expenses while avoiding debt.
    Time Stamps:
    00:00 Introduction
    02:05 What are the upfront costs of owning a pet?
    06:11 The regular costs of owning a pet
    16:55 The unexpected costs of owning a pet
    20:33 How much does it cost to board your pet?
    21:55 Practical advice for owning a pet
    24:04 Pet Insurance
    25:42 Smaller pets vs. large pets
    27:30 Can rescue pets save you money?
    27:55 Toy and treat tips to save you money
    29:59 Conclusion
     
    Related Links:
    The Cost of Dog Parenthood in 2024 - https://www.rover.com/ca/blog/cost-of-dog-parenthood/

    • 31 min
    Should I Buy or Rent a Home? What Makes Sense in Today's Market

    Should I Buy or Rent a Home? What Makes Sense in Today's Market

    Should you buy a home or rent in Canada? We look at the risks and expenses involved when it comes to purchasing a home.  From the unpredictable market trends to steep mortgage penalties and ongoing maintenance costs. As we weigh at the pros and cons, this episode may make you rethink your views on homeownership, not only as an investment but as a consumer choice. Could renting be the smarter choice in 2024? Watch the episode now to find out.
    Time Stamps:
    00:00 Introduction
    01:00 Reasons you should own a home
    03:38 Is a mortgage a forced savings plan?
    06:10 Reasons not to buy a home
    06:21 Timing is everything in real estate
    08:17 Variable rate interest only mortgage vs. amortization mortgage
    12:03 Moving if you own a home vs. if you rent
    15:29 Maintenance
    18:50 Credit creep
    24:11 Practical advice
     
    Related Links:
    Homeowners Bankruptcy Index: https://www.hoyes.com/press/homeowner-bankruptcy-index/
    Hoyes Michalos Bankruptcy Study: https://www.hoyes.com/press/joe-debtor/
    Why Does Home Ownership Cause Financial Problems?: https://www.hoyes.com/blog/why-does-home-ownership-cause-financial-problems/
    Think Twice Before You Get a Home Equity Line of Credit: https://www.hoyes.com/blog/think-twice-before-you-get-a-home-equity-line-of-credit/
    Why a House Does Not Guarantee Financial Security: https://www.hoyes.com/blog/why-a-house-does-not-guarantee-financial-security/

    • 30 min
    Things Collection Agents Can and Cannot Do with Your Credit Report

    Things Collection Agents Can and Cannot Do with Your Credit Report

    Blair DeMarco-Wettlaufer, the Chief of Operations Officer of Kingston Data & Credit joins Doug to discuss the consequences of unpaid debts and their impact on your credit score. They look at real-life scenarios and provide practical advice to manage your credit report.  They also discuss what collection agents can and cannot do when it comes to reporting your debts to the credit bureau and how to dispute old debts, so they don’t affect your credit.
    Timestamps:
    00:00 Introduction
    01:45 If you don’t pay a collection agent can it affect your credit score?
    04:33 The Statute of Limitations Act.
    05:30 The Credit Bureau.
    09:45 How and when do collection agents report to the credit bureau?
    16:20 What collection agents cannot do when reporting to the credit bureau.
    18:14 Can a collection agency remove a debt from your credit report?
    23:24 What happens if a collection agency keeps calling the wrong number?
    26:07 How owing a collection agent can affect your credit score.
    27:43 Practical advice from a collection agent.
    34:05 How to reach out to Blair DeMarco-Wettlaufer.
     
    Related Links:
    How Old Tickets and Fines Can Destroy your Credit Score:  https://www.hoyes.com/blog/how-old-tickets-and-fines-can-destroy-your-credit-score/
    'Insanely old' city ticket wreaks havoc on Ottawa man's credit score: https://www.cbc.ca/news/canada/ottawa/insanely-old-city-ticket-wreaks-havoc-on-ottawa-man-s-credit-score-1.7141166 Long-forgotten fines won't linger on credit records, city assures residents: https://www.cbc.ca/news/canada/ottawa/city-of-ottawa-parking-ticket-debt-owed-collection-credit-score-1.7152329 Blair Demarco-Wettlaufer’s Blog “Receivable/Accounts - Information for Credit and Collection Issues”:  https://receivableaccounts.blogspot.com/
     
    Legislation Links Cited in the Podcast:
     
    Collection and Debt Settlement Services Act of Ontario: https://www.ontario.ca/laws/statute/90c14
     
    The Provincial Offenses Act, section 76: https://www.ontario.ca/laws/statute/90p33#BK105
    The Limitations Act of Ontario sets a basic limitation period of two years: https://www.ontario.ca/laws/statute/02l24#BK16
    The Consumer Reporting Act of Ontario: https://www.ontario.ca/laws/statute/90c33#BK11
     
    Blair Demarco-Wettlaufer’s Previous Appearance Links on Debt Free in 30:
    Episode 20 – January 17, 2015 - Stop The Collection Calls: Advice from Blair Demarco-Wettlaufer: https://www.youtube.com/watch?v=0tsrKacdx4U
    Episode 57 – October 3, 2025 Collection Agents: How Did They Find Me?: https://www.youtube.com/watch?v=0SMU1R5N0ms
    Episode 70 – January 2, 2016 – Top 10 Tips for Dealing with a Collection Agent: https://www.youtube.com/watch?v=736J-IefWrI
    Episode 264 – September 21, 2019 - How to Negotiate With a Collection Agent: https://www.youtube.com/watch?v=ZgNWpKfBUwU 
    Episode 296 – May 2, 2020 - Dealing with Collection Calls in COVID-19: Debt Negotiations, Deferrals, and Credit Report Impact: https://www.youtube.com/watch?v=S86gnBEkeUY 
    Episode 373 – October 23, 2021 - Your Top Collections Questions Answered by a Debt Collector!: https://www.youtube.com/watch?v=Ue8gFE2Z48w
    Episode 477 – October 21,2023 The Messy World of Debt Collection and Statute-Barred Claims: https://www.youtube.com/watch?v=6uN82x3ts1k&t=115s

    • 36 min
    Why Do We Feel Despair? (A Rant)

    Why Do We Feel Despair? (A Rant)

    This is episode 500, and Doug does a solo rant exploring the factors contributing to the despair felt by Canadians. He reflects on how the past four years has affected our economy.  He touches on the cost of real estate, the stock market, fatalistic YOLO, inflation, and strategies for achieving wealth.  Enjoy! 
    Related Links:
    Build a Get Out of Debt Repayment Plan - https://www.hoyes.com/debt-relief/get-out-of-debt/
    Statistics Canada. Table 18-10-0004-01  Consumer Price Index, monthly, not seasonally adjusted -https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1810000401
    Statistics Canada, Wealth Gap - https://www150.statcan.gc.ca/n1/daily-quotidien/230331/dq230331b-eng.htm
    CPI Basked Weight Visualization - https://www150.statcan.gc.ca/n1/pub/71-607-x/2018016/cpi-ipc-eng.htm
    National balance sheet and financial flow accounts, fourth quarter 2023 -https://www150.statcan.gc.ca/n1/daily-quotidien/240313/dq240313a-eng.htm
    Wealth Gap, Statistics Canada - https://www150.statcan.gc.ca/n1/daily-quotidien/240122/dq240122a-eng.htm
    Bank of Canada, Monetary Aggregates (Money Supply) - https://www.bankofcanada.ca/?p=47527
    Canadian Real Estate Association, National Statistics -  https://stats.crea.ca/en-CA/
    November 2023 Federal Government Fall Economic Update - https://www.budget.canada.ca/fes-eea/2023/report-rapport/anx1-en.html#a1
    Episode 270, The Fable of the 20 Dollar Bill - https://youtu.be/5fYfAvSnNps?si=ziTAfuUWwbdmYHvk

    • 35 min
    How To Protect Yourself from Rising Car Thefts & Financial Costs

    How To Protect Yourself from Rising Car Thefts & Financial Costs

    Did you know a car is stolen every 5 minutes across Canada? Car thefts and VIN scams are on the rise.  Michael Rothe, President and CEO of Canadian Finance & Leasing Association, joins Doug and discusses Canada’s auto theft epidemic.  They explore topics such as re-vinning, the impact of stolen vehicles on insurance premiums, steps to take if you unwittingly purchase a stolen vehicle, precautions against potential car theft, and government enforcement. This discussion is essential for Canadian vehicle owners looking to stay safe and understand what actions to take in case of a car theft and how to prevent yourself from falling victim.
    Timestamps:
    00:00 Introduction
    02:10 The latest update on car thefts in Canada
    04:40 How many stolen vehicles end up departing Canada?
    06:14 What is a VIN number and what is re-vinning?               
    10:44 What happens if you purchase a stolen used vehicle?
    12:25 What is the solution to prevent car thefts?
    17:45 What measures can individuals take to defend themselves against car theft?
    28:40 The cost of enforcement
    33:31 Conclusion
     
    Related Links:
    Can You Include Your Car Loan in a Consumer Proposal? -
    https://www.hoyes.com/blog/can-you-include-your-car-loan-in-a-consumer-proposal/
    What Happens to a Financed or Leased Car in Bankruptcy? - https://www.hoyes.com/blog/what-happens-to-a-financed-or-leased-car-in-bankruptcy/
    Should You Consolidate or Pay Bills with a Car Title Loan? -https://www.hoyes.com/blog/should-you-consolidate-or-pay-bills-with-a-car-title-loan/
    How Car Loans and Car Loan Rollovers Lead to Insolvency - https://www.hoyes.com/blog/how-can-car-loans-lead-to-insolvency/
    Car Thefts Have Reached Crisis Levels Across Canada.  How did we get here? -
    https://macleans.ca/society/car-thefts-have-reached-crisis-levels-across-canada-how-did-we-get-here/
    Michael Rothe LinkedIn - https://www.linkedin.com/in/michael-rothe/
    Canadian Finance & Leasing Association - https://cfla-acfl.ca/

    • 36 min
    Save Money with a Micro Wedding Budget | Planning Tips from The Budget Savvy Bride

    Save Money with a Micro Wedding Budget | Planning Tips from The Budget Savvy Bride

    Planning a wedding on a budget? In this episode, Jessica Bishop, founder of The Budget Savvy Bride, shares expert advice on keeping your big day affordable without sacrificing style.
    Whether you are dreaming of a traditional ceremony or considering eloping, Jessica's insights will help you celebrate your love without breaking the bank. We discuss micro weddings, destination weddings, the cost of having an open bar, wedding party attire, and more!  Don't miss out on these essential tips for a budget-friendly wedding!
    Time Stamps:
    00:00 Introduction
    01:42 What does a wedding cost?
    03:50 How has the wedding world changed since the pandemic?
    05:58 What is a micro wedding?
    06:43 How do you save money on your wedding?
    10:36 Wedding resources and finances
    12:31 Do you consider the potential gift contributions from your guests when planning your wedding budget?
    17:09 What amount of money is appropriate to give as a wedding gift?               
    21:06 Strategies for reducing wedding budget expenses
    25:07 Are destination weddings more affordable?
    26:59 Wedding party attire
    30:29 Should I have an open bar?
    32:47 Where to find The Budget Savvy Bride
     
    Related Links:
    Should You Get a Wedding Loan? - https://www.hoyes.com/blog/should-you-get-a-wedding-loan/
    The Budget Savvy Bride - https://thebudgetsavvybride.com/
    The Budget Savvy Bride Real Wedding Budgets - https://thebudgetsavvybride.com/real-weddings/
    Book: The Budget-Savvy Wedding Planner & Organizer: Checklists, Worksheets, and Essential Tools to Plan the Perfect Wedding on a Small Budget – on Amazon
    https://www.amazon.ca/Budget-Savvy-Wedding-Planner-Organizer-Checklists/dp/1623159857/ref=sr_1_1_sspa?&_encoding=UTF8&tag=moneyproblems-20&linkCode=ur2&linkId=a64ef88027584470ba33c94dfd58c76e&camp=15121&creative=330641
    The Budget Savvy Bride on TikTok - https://www.tiktok.com/@budgetsavvybride
    The Budget Savvy Bride on YouTube - https://www.youtube.com/@TheBudgetSavvyBride
    The Budget Savvy Bride Twitter - https://twitter.com/savvybride
    The Budget Savvy Bride Threads - https://threads.net/@budgetsavvybride
    The Budget Savvy Bride Facebook - https://facebook.com/budgetsavvybride
    The Budget Savvy Bride Pinterest - https://pinterest.com/savvybride
    The Budget Savvy Bride Instagram - https://instagram.com/budgetsavvybride
    Jessica Bishop LinkedIn - https://linkedin.com/in/jessicalehrybishop
    The Bouquet Toss: A Wedding Planning Podcast - https://thebudgetsavvybride.com/the-bouquet-toss-podcast/
    Marriage or Mortgage Podcast Episode - https://thebudgetsavvybride.com/podcast/episode-66-marriage-or-mortgage/
    The Wedding Report - https://wedding.report/
    Honeyfund - https://www.honeyfund.com/
    Something Borrowed Blooms- https://www.somethingborrowedblooms.com/

    • 35 min

Customer Reviews

4.2 out of 5
62 Ratings

62 Ratings

laughingshark ,

Temu

I really enjoyed the exploration of temu I had my doubts about them confirmed. A friend of the show from northern Minnesota

loves diamonds ,

Love this show!

Doug Hoyes is a fantastic host. I love the content of the show and watch him on YouTube also. I am listening from Southern California.

New Destiny ahead ,

Episode 365

I found this episode very helpful and interesting, and I hope to hear more like this. It’s a different way to accomplish a goal without the day to day stress. Thank you so much!

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