Scott McGillivray Quotes

It's not surprising so many people end up with credit-card debts. Saving for your retirement and buying a house are difficult things, and we don't educate people about them at all.

We want to help Canadians be able to get a home that they can afford.

One of the biggest challenges is that once somebody realizes that they're ready to buy a home, then they realize that they haven't prepared properly, and it takes a while.

Well I am afraid that I am going to die, because I have just put a down payment on a house.

If you're going to live in the house make it your goal to just pay off your mortgage.

While I encourage people to save 100% down for a home, a mortgage is the one debt that I don't frown upon.

Many people are in the dark when it comes to money, and I'm going to turn on the lights.

I'm a big advocate of financial intelligence.

Financial literacy is just as important in life as the other basics.

Potential home buyers have a two-step decision process. First, they determine whether they can afford to make a purchase - does their income safely cover their mortgage payment? Then they determine whether owning is a better financial choice than renting - are the costs of owning a home lower than the cost of renting it?

Without any formal personal finance education or trustworthy resources to tell them otherwise, the majority of people in the 18-to-24-year-old age bracket do not know how to use credit effectively, tackle debt or make wise decisions when it comes to spending.

High bankruptcy rates, increased credit card debt, and identity theft make it imperative that all of us take an active role in providing financial and economic education during all stages of one's life.

The only real indulgence was buying a house. That was a pretty big step.

The Federal Government is achieving its stated goal of helping more minorities go from being renters to being owners.

The best time to buy a home is always five years ago.

I bought my first house at 19-years old.

I still think, from an individual perspective, the best deal investment you can make is to buy a primary residence that you're the owner-occupier of.

I'm really sensible with my money. So I would like to own my own house rather than rent.

I think that every homeowner has a fascination with real estate. You can't deny that it's such a huge player in our finances. It's probably the most expensive thing you'll ever purchase, so you're forced to pay attention.

I say all the time I think there should be some courses in the regular schooling system that isn't, even like about credit, things that matter later in life. I learned the harder way: 'Look, I got a $500 credit card in the mail, let's go shopping!'

As Realtors, you live and breathe the American dream.

I don't think there are any students who should not be exposed to a basic financial literacy course.

My grandmother Izzy taught me to balance her checkbook when I was 6 years old. She would sign the checks after I paid the bills. I had a chuckle with my grandmother recently on how 'unbalanced' her checkbook must have been years ago.

I think I'm pretty smart on what I spend my money on. I still don't have a new car, I drive my old car that I've had forever. But I bought a house in downtown Chicago.

The thing I have discovered about working with personal finance is that the good news is that it is not rocket science. Personal finance is about 80 percent behavior. It is only about 20 percent head knowledge.