Moving Money is Not Saving Money

Are you actually saving money or are you living beyond your means? Today on ThinkSmart, Senior Financial Advisors Rob McClelland and Mike Connon discuss the pros and cons of various financial products and what successful debt management should look like.

Key points:
(00:39): How to successfully improve your net worth
(02:56): How to reduce your debt
(06:56): Debt is debt
(08:58): RSP
(09:49): TFSA
(10:15): FHSP
(10:39): Open accounts
(10:57): Corporate accounts
(11:24): RESPs
(11:42): Registered Disability Savings Plan
(12:23): High-Interest Savings Account
(12:47): Discipline can be hard, make it easier on yourself
(14:12): In-kind contributions and moving money
(16:26): The best ways to save

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