Season 5 · Episode 230
230 – Should I Sell My Assets to Pay Off Debt?
Debt Free in 30 · Doug Hoyes
January 26, 201935m 40s
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Show Notes
If you can sell your assets, pay the taxes (there's a tax hit when you cash in an RRSP), and have enough to pay off your debts, it may make sense to sell your assets to pay off your debt. But, if your assets won't cover your debts in full, there may be a better option.
On today's podcast we discuss how to determine if selling assets is a good debt reduction strategy.