100 - Why Is It Important to Support Local Businesses

DebtMatters Podcast

Shopping where you live has a huge impact on the local economy. Your support can be far-reaching as every dollar spent locally gets circulated 3 or 4 more times ensuring your money stays in the community. While it’s not always possible to buy everything you need locally, finding a balance between e-commerce sites and buying locally can be a step in the right direction. Today’s podcast features Leigh Taylor, Licensed Insolvency Trustee and Bruce Duggan, Associate Professor of Management at Providence Buller School of Business. Bruce and Leigh discuss what it means to the local economy of locally owned businesses.

Their discussion also covers:

• Advantages of buying local and how to support local businesses
• The price local economies pay for the convenience of online shopping
• Possibility of a recession in Canada
• The high level of consumer debt - rising 5-6% per year
• Advantages of dealing with a local Licensed Insolvency Trustee

If you are having financial difficulties, whether business or personal, talking to a local Licensed Insolvency Trustee should be your first call. You will have the opportunity to meet them face to face in your initial consultation and be assured they are knowledgeable about provincial regulations.

About Leigh Taylor

Leigh began his career as an Official Receiver with the Office of the Superintendent of Bankruptcy. He is a Certified Professional Accountant and attained his license as a Licensed Insolvency Trustee in 1980.

LCTaylor’s mission is to help people get out of debt through compassionate care and professional service. With over 40 years experience in the insolvency field, Leigh and his staff have helped over 50,000 Manitobans solve their debt problems.

Additional Resources

• LCTaylor Licensed Insolvency Trustee
• Warning – Not All Debt Advisors are Equal
• A Local Licensed Insolvency Trustee