How to manage the mindset around debt as the cost of borrowing increases

Globe & Mail
February 27, 2023.

“Even for those with a high income, debt can lead to delays in achieving financial goals, at best, and make them impossible to accomplish, at worst. Taking on more debt than a client can afford can unravel their whole wealth management strategy if not managed carefully.” – states Alexandra Horwood, Portfolio Manager, Investment Advisor at Richardson Wealth.

Working with an advisor to look at both sides of a balance sheet can ensure clients understand how the amount and type of debt they take on will affect their financial goals.

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