Last Thursday I shared how to use your RRSPs to reduce your taxes and buy a home and included a video by Preet Banerjee. Well, here is another video by Preet, an incredible TEDx Talk from TEDxUTSC. Although it was recorded in February of 2013, the principles remain the same.

As a society we are very comfortable with debt. Preet outlines just how much this comfort is costing us in real dollars. He also does a great job of discussing a perspective shift in the way people see money.

“What is the total amount of interest you will pay over your lifetime for stuff that isn’t worth anything anymore?” ~ Preet Banerjee.

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