The Burn Your Mortgage Podcast: Paths to Homeownership and How to Soften Mortgage Renewal Shock with Erica Alini

Erica Alini is a personal finance reporter at the Globe and Mail and the author of the bestselling book "Money Like You Mean It, Personal Finance Tactics for the Real World." Erica started out her career in journalism as an economics reporter, chronicling the ripple effects of the financial crisis of 2007-2008 for the Wall Street Journal in New York. That background is why she's always exploring how larger trends -- from the housing affordability crisis to the impact of climate change on insurance -- affect Canadians' money struggles.

Her book argues that economic, social and technological changes have complicated personal finance for everybody, but especially for Millennials and Gen Z. She then provides practical tips on how young Canadians can achieve middle-class financial goals despite the challenges they face.

In my interview with Erica, we discuss:

1. Creative ways the dream of homeownership can still be achieved.
2. The money-bucket system and how it can help manage the cost of homeownership.
3. Four powerful strategies to reduce the financial pain of mortgage renewal.