In Episode 14 of the Rational Reminder podcast, we were joined by Martin Parizeau, a retired banking executive with extensive knowledge of Canadian consumer debt, and a PWL client. We discussed the following: The start of the ETF boom When proponents of active management realize they should index Cutting wasteful expenses without sacrificing happiness Pulling off a successful downsizing Housing is not an investment The real cost of owning a home Defining the ideal lifestyle Digging into Canadian consumer debt levels The real debt to income ratio for debtors in Canada Is mortgage debt always “good” debt? The rising cost of debt and its effect on the economy Credit card rates are justified Choosing the right credit card Never pay an annual fee on a credit card The boom-bust lending cycle Bankers saw the financial crisis coming but had to keep going Focusing on the things that you can control Books From Today’s Episode: The Wealthy Barber: The Common Sense Guide to Successful Financial Planning - https://amzn.to/3izWucC Listen to the Rational Reminder podcast on your favorite podcast app. https://pod.link/1426530582/ Rational Reminder Website - https://rationalreminder.ca/podcast/14 You can follow Cameron Passmore and Ben Felix on Twitter: ➡️ https://twitter.com/CameronPassmore ➡️ https://twitter.com/benjaminwfelix Check out Ben's YouTube channel. 📺 https://www.youtube.com/benfelixcsi Catch up on the latest in wealth management and investing insights from the Passmore-Felix Team at PWL Capital. https://www.pwlcapital.com/teams/passmore-felix/?utm_source=youtube&utm_medium=copy&utm_campaign=rr&utm_content=rrvideo The Rational Reminder is presented as an educational resource and should not be construed as individualized investment advice, nor as a recommendation to buy or sell specific securities. The funds and portfolios discussed are examples only and may not be appropriate for your individual circumstances. #rationalreminder #investing #podcast