117- How Worrying About Debt Can Affect Your Health

DebtMatters Podcast

Many of us, from all walks of life, are worried about money. There is an abundance of research that indicates that financial worry and stress can have a detrimental affect on both our mental and physical health. Whether the problems stem from a job loss, divorce, unexpected expenses or a combination of factors, stressing about money can take a toll on your overall quality of life.

But no matter how hopeless your situation might seem, help is available. By tackling your money problems head on, you can regain control of your finances - and your life.

Todays’ podcast explores the link between our financial health and our physical health. David Macdonald, Licensed Insolvency Trustee, talks about:

• Keeping problem finances a secret - overcoming the stigma
• Episodic stress (traumatic event) versus chronic stress (long term)
• Finding the right professionals and resources to help
• When to seek help and why go see a Licensed Insolvency Trustee
• Three most common causes of Bankruptcy: job loss, divorce and medical issues

Federally regulated, Licensed Insolvency Trustees are knowledgeable in all aspects of debt management. They are considered to be one of the best advisors and will provide you with unbiased advice. Your initial consultation is always free of charge.

About David Macdonald

David Macdonald has been helping people and small business owners resolve their financial problems since 2003 in British Columbia, Alberta and the Maritime provinces. He has been retained as a trusted advisor and service provider by many of Canada’s banks, private lenders, First Nations and the CRA.

David brings a practical, down-to-earth approach to his work, without judgement. In his spare time he volunteers his time to a number of charitable and non profit organizations.

Additional Resources

• Allan Marshall & Associates Licensed Insolvency Trustee
• Money and Stress: Connecting the Dots
• Reduce Your Financial Stress & Experience Debt Relief