If you are like the average family, you probably have 2.5 kids, a house, a car or two and maybe even a cottage. You are most likely both working and counting down the years till you can kiss your nine to fiver good bye. You may even have a company pension and contribute to the Canada Pension Plan as well. Living the life of Riley right?

However when it all comes down to it, you also have a mortgage, a car loan, credit card bills, probably a line of credit as well. You’re thinking that’s nothing, you have plenty of assets! You have your house, your car, your cottage, and your investments. Hold on there, you may be mistaken on what is an asset and what is not.

Let’s take a quick look, you have a nice house, but it … Read more