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Ask Roesie Keeping financial literacy simple to help you make better decisions. 🇨🇦

with Homeownership www.brettroessel.com/free-chapter

06/02/2026

Retirement is supposed to bring more freedom, not more financial stress.

One thing that can make retirement harder than it needs to be?

Carrying high-interest debt into it.

When you're working, there may be opportunities to increase income or work extra hours. In retirement, your income is often more fixed, but interest charges keep growing the same way they always have.

That doesn't mean you need to be debt-free before retiring. It does mean it's worth having a plan.

The more high-interest debt you can reduce before retirement, the more flexibility you'll have to enjoy the years you've worked so hard for.

05/27/2026

Life changes can shake up a lot of things… including your credit.
 
After a divorce or the loss of a partner, it’s common for finances to shift. Joint accounts may need to be separated, bills may get missed during stressful moments, and things can feel a little uncertain.
 
The best first step is simple: get clarity.
 
Pull your credit report, see what accounts are open, and understand where you stand today. Once you know the full picture, you can start rebuilding and moving forward with confidence.
 

Did you know I wrote a book? A few years ago, I published My Big Asset to help people better understand credit, mortgage...
05/14/2026

Did you know I wrote a book?
 
A few years ago, I published My Big Asset to help people better understand credit, mortgages, and how lending actually works.
 
The goal was simple: make complicated financial topics easy to understand.
 
Since then, it has helped a lot of people feel more confident about their finances… and even became an Amazon Best Seller.
 
If you have read it, I would love to hear what you thought. And if not, maybe it is time to check it out.
 

05/06/2026

Great night getting out and connecting with some amazing people in the Calgary community.

I attended the launch party for Braven Talent, proudly sponsored by Christopher Matugas, last week. The event was hosted at the beautiful Blue Rock Swim Club and brought together a great group of people for an evening of conversations, new connections, and celebrating a new venture.

Events like this are always a great reminder of how strong the local business community is and how valuable it is to step away from the desk and connect with people in person.

Congratulations to the Braven Talent team on the launch. Looking forward to seeing what comes next.

04/30/2026

I want to hear your opinion!

Some couples combine everything. Others keep certain accounts separate.

There is no one-size-fits-all answer, but it is an important conversation to have.

Keeping some financial independence can help you maintain your own credit history and financial identity.

What do you think works best? Do you prefer to keep finances separate, combined, or a bit of both?

04/28/2026

Helping a family member by co-signing a loan can feel like the right thing to do.

But it is important to understand what co-signing actually means.

When you co-sign, you are not just supporting the application. You are agreeing to be fully responsible for the debt.
If the person misses a payment, your credit is affected. If they cannot pay the loan, you are legally responsible for making those payments.

Co-signing can help someone get approved, but it also carries real financial risk.

Before saying yes, make sure everyone understands the commitment and has a clear plan for repayment.

04/23/2026

It is never too late to rebuild your credit.

A lot of people assume that once they reach retirement, credit does not matter anymore. But that is not always the case.

You may still want access to financing for things like a vehicle, helping family, renovations, or managing unexpected expenses. And lenders will still look at your credit history when making those decisions.

The good news is that credit is built the same way at any age.

Consistent habits.
Paying bills on time.
Keeping balances manageable.

Showing lenders you can handle credit responsibly.

Whether you have no credit, bad credit, or already good credit, every single payment helps shape your financial reputation.

04/21/2026

Buy Now, Pay Later sounds simple.

Take the item home today and pay for it later. And sometimes it can work just fine. But there is one thing many people miss.

If the balance is not paid off within the interest-free period, interest can be applied all the way back to the original purchase date.

That can turn a small purchase into a much bigger bill.

If you are using Buy Now, Pay Later programs, make sure you have a plan:

• Pay the balance off before the promotional period ends
• Or move the balance to a lower-interest option before interest kicks in

Deferred payment is still debt. The key is making sure the timing works in your favour.

04/16/2026

Some people are afraid to use their credit card because they think it will hurt their score.

In reality, responsible use is what ✨ builds ✨ credit.

Think of it like this:

Person A has a $1,000 credit limit and regularly uses the card, then pays it off on time.
Person B has a $10,000 limit but never touches the card.

Even though Person B has more available credit, lenders may trust Person A more because they have a track record of borrowing and repaying.

Credit scores are built on behaviour. Using credit responsibly shows lenders that you can be trusted with it.

04/14/2026

One missed payment does not immediately destroy your credit.

But the timeline matters. Most lenders report missed payments to the credit bureaus once they reach 30 days past due.

At 60 and 90 days, the impact can become more serious.

That is why even one missed payment can follow you for years on your credit history...it’s actually up to 7.

If you ever miss one, address it quickly. Call your bank or your lender to work out an arrangement if you are going to be late.

Catching up early can limit the damage and keep your credit moving in the right direction.



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