CBC Radio Interview - Talking About Debt
I was recently a guest on CBC Radio and had an opportunity to talk about an extremely important topic - DEBT! I was so grateful that I had an opportunity to share a couple of steps from my Supercharged Debt Repayment Plan (SDRP) with the listeners, and even more grateful to be able to provide some tips to those who are currently struggling financially.
For those of you who missed the interview - or were simply too smart to get up at the break of dawn to catch the show (the show aired live at 7:20 AM), I have posted a recording of the interview above for you to listen to. I hope you enjoy it!
Breakdown of Interview
I was on the air for 8 minutes, and had an opportunity to discuss 2 steps from my '7 Steps to Get Out of Debt and Build Wealth' program. Here is a breakdown of the Steps I discussed in the interview:
4 Ways To Double Your Money
Have you ever wondered how long it would take you to double your money in the stock market? Or wondered what types of strategies you need to implement in order to double your money in the markets? If so, this blog post lays out 4 ways that you can double your money.
Method #1: Invest in Quality Blue Chip Stocks and Hold Them For Many Years
The first way that you can double your money in the markets is to invest in non-speculative blue-chip stocks that are fairly priced and that represent good value, and also by investing in investment grade bonds.
Over the last 100 years non-speculative blue chip stocks have averaged a return of approximately 10%, and investment grade bonds have averaged approximately 6% return. The Rule of 72 is an investment principle that shows you how long it will take for you to double your money. So based on the Rule of 72, it would take you about 9 years to double your money if you were able to achieve an 8% rate of...