Shows
Young Money with Tracey BissettEP318 Bissett Financial Fitness FrameworkAs we step into the new year, it's the perfect time to get motivated and inspired about our financial fitness. In this episode, I draw parallels between physical and financial fitness, illustrating how both exist on a spectrum from beginners to experts. Dive into the three key elements of the Bissett Financial Fitness Framework: cash flow, savings, and debt management. Just like physical fitness—where cardio, strength training, and lifestyle choices play crucial roles—these financial elements are essential for a balanced and healthy financial life. Whether you're just starting to learn about budgeting or you're a soph...
2024-01-1706 min
Young Money with Tracey BissettTracey Bissett, Balance, Entrepreneur, Money, Finances, basics, financial fitness,Throughout the pandemic, our budgets and spending habits changed immensely. We started ordering groceries online, added to our subscriptions, signed up for online courses, etc. As we gradually come out of the pandemic, many of us may not have taken the time to reevaluate our budgets, and with inflation hitting all-time highs, our money isn’t going as far as it used to. In this episode, I will be walking through some practical steps to ensure your budget is right sized—meaning you haven’t fallen back into old spending habits without removing any pandemic budget additions. Listen...
2022-10-0411 minYoung Money with Tracey BissettEP245 Young Money Listener AppreciationFinancial fitness (aka financial literacy) is a fundamental life skill. It's not about knowing everything - it's about taking those small imperfect actions that increase your foundation of financial knowledge so you can navigate your life, personally and professionally, with confidence. To me that means being comfortable asking questions, following up if you don’t understand something, being kind to yourself when you make a mistake, and approaching things from a mindset of abundance. In this episode, I want to celebrate you. Together we have created 245 episodes, are listened to in over 40 countries, and are approaching 250,000 downloads. Whe...
2022-05-1005 minYoung Money with Tracey BissettEP243 Money MythsWe often tell ourselves stories to excuse the wrong-doings that we allow to happen in our finances. These limiting beliefs that we have, or excuses we create, can end up hurting our financial situation long-term if we don’t shift our mindset. So, how can we avoid falling into these traps? In this episode, I will be sharing the most common money myths that I see and explaining what you can do if you believe any of them to be true. Listen in as I explain why you don't have to be good at math in order to...
2022-04-2615 minYoung Money with Tracey BissettEP242 Home Maintenance 101This time of year, spring cleaning is in full force, and it's a great time to be thinking about home maintenance. Now, I'm not talking about property taxes, utilities, and all of the regular bills that come with owning a home. I am speaking specifically about the costs to keep our homes in good working order. In this episode, I'll be sharing several things I did to maintain my home recently to hopefully inspire you to make a list of your own maintenance items. Listen in as I explain the costs involved in my home maintenance, as...
2022-04-1911 minYoung Money with Tracey BissettEP241 Are You Ready for Prosperity?We all have different motivators for wanting money. For some, it's the freedom to have the things they truly want; for others, it's not having to worry about paying bills or the ability to donate to charities. Our views around money form at a young age, and it is this money mindset that then carries out the way we perceive and desire money throughout the remainder of our lives. So, in this episode, I am going to discuss two main mindsets surrounding money—scarcity and abundance—explaining how to change your mindset so that you are ready to reach the...
2022-04-1212 minYoung Money with Tracey BissettEP240 Financial Cost of Pet OwnershipMany animal lovers will readily agree that dogs offer more than just companionship; having a dog enriches your life in so many ways. However, this enrichment does come with a cost. If you’re a long-time listener, you know that I have two golden retrievers, and in this episode, I thought I would break down the various costs that come with owning a pet so you can make your decision about adopting one based on financial facts versus the desire for a companion. Listen in as I explain the vet bills I have had to pay over th...
2022-04-0515 minYoung Money with Tracey BissettEP237 Fun with FraudstersAs we continue to celebrate Fraud Prevention Month in Canada, it’s important to remember that we should be aware of scammers all year long. I recently spoke with one of my friends, Bonnie, who shared some of her recent interactions with fraudsters and how she switched things around to have the joke on them. So, in this episode, I wanted to share some of these stories with you. Although all fraud should be taken seriously, these are some fun ways that the tables can be turned. To give you some background on Bonnie, she has had a long ca...
2022-03-1508 minYoung Money with Tracey BissettEP236 Good Investment or Investment Scam?In Canada, the top scam is an investment scam that cost Canadians over $163 million in 2021. Any solicitation for investments into false or deceptive investment opportunities falsely promises higher-than-normal returns, but—unsurprisingly—investors lose most or all of their money. Ongoing investment scams include cryptocurrency, fixed income, the "pump and dump," Ponzi, Initial Coin Offerings, franchise/business opportunities, Gem, and Pyramid. In this episode, I will be sharing information on each of these and giving tips on how to avoid these scams moving forward. Unfortunately, once you've sent money to a scammer, it's probably no longer accessible. However, it i...
2022-03-0818 minYoung Money with Tracey BissettEP235 How to Protect Yourself from the Romance ScamMarch is fraud prevention month in Canada, but we should be careful all year round. Scammers are sophisticated and innovative in their craft, making it very hard to know what is real and what is not. So, in this episode, I will be sharing steps you can take to avoid being swindled out of your money through a romance scam. Listen in as I explain the importance of checking the legitimacy of investments and why you should never trust unsolicited opportunities. You will learn key red flags to be aware of when it comes to romance scams...
2022-03-0115 minYoung Money with Tracey BissettEP232 Financial Lessons from Hip Hop at the Super BowlFor all of the loyal Young Money listeners, it is the first full week of February, and you know what that means… the Super Bowl is fast approaching! This year is special, as there will be five hip-hop artists performing on one stage—for the first time ever. So, in this episode, I'll be going over the financial lessons we can learn from these multi-million-dollar performers who have experienced great success in their financial fitness. Listen in as I share some surprising financial trivia surrounding the Super Bowl, as well as how much each of these artists is w...
2022-02-0814 min
Young Money with Tracey BissettEP231 Back to BasicsNow that New Year's resolutions are out of mind, let’s get back to paying attention, taking accountability, and being disciplined with our actions when it comes to our finances. This doesn’t need to be over-complicated—it can be easy to implement financial fitness into your life. So, in this episode, I will be sharing three basic tips to get your finances on the right track for 2022. Listen in as I explain the importance of reviewing your expenses and looking for opportunities to save money on your bills. (You may be surprised by what you find!) You'll...
2022-02-0113 min
Young Money with Tracey BissettEP226 Financial Accountability Over Financial ResolutionsWith so much going on right now (pandemic, job loss, holidays, etc.), how are we supposed to become financially fit? This is a question many are asking themselves as we approach the end of 2021, a year that rivals 2020 in terms of its difficulties. So, in this episode, I will be explaining the key to financial success and how to become financially resilient in the face of adversity. Listen in as I share how to become an active participant in your financial knowledge, as well as why it is so important to be intentional with your spending. You will learn...
2021-12-2815 min
Young Money with Tracey BissettEP225 Celebrating 4 Years of Young MoneyToday, we are celebrating four years of Young Money! Together we have created 225 episodes, we are listened to in over 40 countries, and we have surpassed 200,000 downloads. It is my privilege to create fun, educational content and to host amazing guests to inspire you along your financial fitness journey. In this episode, I will be sharing the top five things I have learned throughout my time podcasting, as well as how these findings relate to finances. Listen in to learn the importance of focusing on what matters most to you, why you should always get your information from...
2021-12-2110 min
Young Money with Tracey BissettEP223 SATC Spotlight: Sarah Jessica Parker versus Carrie BradshawYou may have heard Sex and the City is rebooting the franchise with their new show called And Just Like That. If you were a fan back in the day or are watching the show now to get ready for the reboot, you are in for a treat today. In this episode, I will be shining a spotlight on the show and, in particular, who is more financially fit—Sarah Jessica Parker, the actress, or Carrie Bradshaw, the character she played. Listen in as I discuss the importance of living within your means and understanding the income th...
2021-12-0713 min
Young Money with Tracey BissettEP217 How to Achieve Biz PeaceHappy small business month! We are celebrating all of our small business owners in Canada this month, and what year it has been. As the pandemic continues, small businesses have had to navigate an ever-fluctuating market and get really creative as they come up with solutions to keep their businesses running. So, in this episode, I want to take some time to celebrate these brilliant business owners and highlight the amazing work they’re doing. Listen in as I explain what I have witnessed to be the most important processes to have in place for companies as th...
2021-10-2617 min
Young Money with Tracey BissettEP215 Detecting Deception and Understanding Body Language with Lena SiscoLena Sisco is a former Department of Defense (DoD) certified Military Interrogator and Naval Intelligence Officer who served in the Global War on Terror. In 2013, Lena started her own company called The Congruency Group to offer specialized consulting and training services. Today Lena joins the show to discuss body language and the power of being able to detect deception, as well as some helpful tips for us to use in our personal and professional lives. Listen in as Lena shares several examples of how to build trust with someone in order to get the truth. You will...
2021-10-1240 min
Young Money with Tracey BissettEP214 Backpack to Briefcase with Stephanie KoonarStephanie Koonar is a marketing professional, academic, career coach, and workshop facilitator. Stephanie offers “Meaningful Career” private coaching and online courses supporting young people and those in mid-career transitions. Today she joins the show to discuss the importance of finding your reason for living—or ikigai—in order to live a more purpose-driven and fulfilled life. Listen in as she shares her advice for building practical skills, as well as growing your network so you can broaden your knowledge. You will learn the benefit of learning about other cultures, why it is important to be open to differen...
2021-10-0534 min
Young Money with Tracey BissettEP212 Milli Moves: Purchasing Pro TipsDeciding on a purchase can be harder than it seems. As a society, we are bombarded with choices and advertisements are everywhere fighting for our attention. People go about the buying process in many different ways, from researching everything to making a split-second decision on what to spend their hard-earned dollars on. So, in this episode, I am going to walk you through my purchasing pro tips to give you confidence the next time you are thinking about making a purchase. Listen in as I share the importance of contemplating whether you actually need an item before you spend...
2021-09-2113 min
Young Money with Tracey BissettEP211 Milli Moves: How to Maximize your Employee BenefitsToday I’m going to be sharing how to maximize your employee benefits package. You’ve heard me talk about the importance of reading through legal agreements before, and the same is true when it comes to this area. Read everything related to your benefits, make notes, ask questions, and ask for a guide. To help you understand the important parts to be looking at, I’m going to break down the benefits into two groups: money for you and money savings for you. Listen in as I explain what an Employee Stock Plan is, as well as why you sh...
2021-09-1420 min
Young Money with Tracey BissettEP210 Maximize Your Earning Potential using LinkedIn with Sabita SinghSabita Singh is the President of Trivetta Consulting Inc, which she formed in 2018. After recognizing the power of LinkedIn, Sabita specialized in becoming a strategic LinkedIn coach, trainer and speaker. She is now known for writing all-star LinkedIn profiles for her clients to improve their visibility. Today she joins the show to discuss how to build an ACTIVE presence on LinkedIn to attract new career and business opportunities. Listen in as Sabita shares the importance of staying in contact with your network regardless of how busy you may be with your career. You will learn the importance of...
2021-09-0736 min
Young Money with Tracey BissettEP208 What Are YOU Doing To Increase Your Financial Fitness?We are all in different places in our financial fitness journey. Similar to physical fitness, we could be taking our first step off the couch to walk around the block, or we could be further along and training for a marathon. It is the same when we talk about financial fitness—we could be simply learning about credit cards, or we could be learning to become sophisticated investors. So, in this episode, I want to go back to basics and talk about financial literacy, specifically what you are doing to advance yours. Listen in as I explain what...
2021-08-2415 min
Young Money with Tracey BissettEP206 Milli Moves: 3 Financial Fitness Lessons from the 2021 OlympicsThe 2021 Tokyo Olympics have been unlike any we have had before. Delayed by a year due to the pandemic, and with COVID-19 restrictions in place resulting in health precautions and limited attendance, this year's Games have offered many lessons and takeaways that can be applied to financial fitness, and I'm excited to share those with you today. Listen in as I discuss the importance of consistency when growing your wealth and knowledge around finances, as well as the benefit of taking calculated risks with your money. You'll learn why you should never be afraid to ask questions, why consistent...
2021-08-1013 min
Young Money with Tracey BissettEP205 Student Perspectives on School, Internships and Financial Fitness with Connor CraigConnor Craig joins the show today to share his perspective on post-secondary education life, internships and what he’s been learning about financial literacy. He’s in the Business Management and Organizational Studies program at Western University, and is doubling up with internships at both Capital Markets and with me at Bissett Financial Fitness. In this episode, he discusses everything from work ethic and perseverance to the important lessons he learned in the last year or so. Listen in to hear why Connor decided to pursue business and gain insight into consumer behavior. He shares how important it i...
2021-08-0332 min
Young Money with Tracey BissettEP202 Revenge Spending 101Have you heard about "revenge spending"? This term was created to describe the frenzied spending that is taking place now that people are able to get out and spend their money again. This rush to spend typically follows an unprecedented event—such as the pandemic—as people seek to reclaim control and a sense of normalcy. So in this episode, I will be sharing the steps you can take to avoid revenge spending and become more financially confident. Listen in as I explain the importance of having an emergency fund and why so many people are not fina...
2021-07-1310 min
Young Money with Tracey BissettEP200 Celebrating 200 Episodes of Young MoneyWe did it! Together we have created 200 episodes, are listened to in over 40 countries and have been downloaded over 165,000 times! I am so excited to know that you are enjoying the show, and I love the engagement we have received over the years. In this episode, I'm flipping the show for you—I will be interviewed by my long-time friend, Jennifer Boudreau, so that you can get to know me a little bit better. Listen in as I share how I grew up and my personal financial journey. You will learn the importance of believing in yourself, wh...
2021-06-2924 min
Young Money with Tracey BissettEP199 Financial Fitness in 2021: A tale of postsecondary students, the pandemic & their financesI recently spoke with the Canadian Association of Student Financial Aid Administrators, a group of hard-working professionals supporting students across Canada at colleges and universities, about financial fitness in 2021, and today I'll be sharing with you the thoughts I spoke about with them. It was wonderful to hear their perspectives and questions as they continue to look for ways to support students. Listen in to hear about the financial implications of the pandemic, as well as the impact of the pandemic on the finances of postsecondary students. You will learn how to better support students in their...
2021-06-2216 min
Young Money with Tracey BissettEP198 Pandemic Lessons Learned & Go Forward RemindersFor many of us, these last 16 months have been a challenge, both personally and professionally. With constant worry about the future in regards to our health, our finances, and the wellness of our loved ones, it’s hard to find the positives in this situation. However, during this time I have had the pleasure of speaking with some amazing people, and there have been many common topics or themes that have emerged. In this episode, I will be sharing the lessons that I have learned throughout this year, as well as what I will be keeping top of mind no...
2021-06-1512 min
Young Money with Tracey BissettEP195 Milli Moves 5 Lessons Learned from My First NFT PurchaseI’ve mentioned previously that no matter what news or social media you consume, you have probably heard people talking about NFTs (Non-Fungible Tokens). So, today I want to share more takeaways from my NFT purchase and the learnings from it. In this episode, I will be explaining which fees you should be wary of and the top five lessons I learned. Listen in as I explain my findings from a buyers side and the importance of doing your own due diligence to ensure you are fully aware of what you are purchasing. You will learn about some of the r...
2021-05-2521 min
Young Money with Tracey BissettEP189 Milli Moves: Non-Fungible Tokens (NFTs) ExplainedNo matter what news or social media you consume, I am certain that you have heard people talking about Non-Fungible Tokens. A non-fungible token (or NFT for short) is a unit of data on a digital ledger called a blockchain, where each NFT can represent a unique digital item. Therefore, they are not interchangeable, hence non-fungible. In this episode, I will be explaining why NFTs are being talked about currently, what to be aware of when you hear this term, and who uses NFTs. Listen in as I describe the difference between an artist owning the copyright of his...
2021-04-1314 min
Young Money with Tracey BissettEP179 Milli Moves: Bitcoin – Investing or Gambling?Are you betting on Bitcoin? Things are uncertain right now, and 2021 will stay this way for a while, but it’s still imperative that we focus on our financial health. In this episode, I’m discussing whether Bitcoin is an investment you may want to consider—or whether it’s a gamble you’ll want to avoid. Listen in as I share the basics of investing, speculating, and gambling, and where Bitcoin fits into this equation. I’ll also be sharing the three factors that determine whether you’re investing or speculating, and the three questions you should be aski...
2021-02-0214 min
Young Money with Tracey BissettEP177 How to Work with Me in 2021It's so important to keep an eye on your money and be aware of how you can use it to accomplish the things you want. As someone who's been an entrepreneur from a young age, I am thrilled to be able to support other entrepreneurs in growing their businesses. Understanding financial matters is a fundamental life skill, something that inspires me to find new and straightforward ways to make money make sense and increase financial confidence. In this episode, I will be sharing a few ways we can work together in 2021, including continuing to listen to this podcast and g...
2021-01-1914 min
Young Money with Tracey BissettEP174 2020 Lessons Learned; 2021 Predictions & TipsWhat a year it has been! Lots of ups and downs, and certainly not an easy one. To finish the year on a high note, I will be discussing several great things that have happened within Young Money and the world. I am so very thankful for you, loyal young money listeners, our fantastic guests, and all of you who provide support to me, the show, and Bissett Financial Fitness. Listen in as I go over the impacts of COVID-19, as well as what we can be hopeful for as we look toward 2021. You will learn the importance of...
2020-12-2912 min
Young Money with Tracey BissettEP166 Financial Literacy Month 2020: 10 Things you Should Know During Times of Financial UncertaintyNovember is officially upon us, and this month is celebrated in Canada as Financial Literacy Month, with 2020 being the 10th anniversary. You know I love to celebrate financial fitness every day, and this year more than ever, we need to celebrate! In this episode, I want to share the 10 Things FCAC says you should know during times of financial uncertainty, including budgeting and keeping track of your spending. If you are wanting to take the next steps toward becoming financially fit, this is the episode for you. “It is my privilege to take the mystery ou...
2020-11-0310 min
Young Money with Tracey BissettEP165 How Entrepreneurs Are Adapting to the PandemicAs October is nearing its end, we must take these last few days to celebrate the small businesses in our community. Last week, BDC held a series of special events and kicked off the week with the release of their study, "The Response: How Entrepreneurs Are Adapting to the Pandemic." In this episode, I will be reviewing the findings of this report, which focus on how entrepreneurs are navigating this evolving, uncertain situation. You'll learn how they are responding by implementing five business priorities to help them succeed. “I am currently investing in technology to fac...
2020-10-2710 min
Young Money with Tracey BissettEP162 Celebration of EntrepreneurshipOctober is now upon us and is known in Canada as Small Business Month. This year more than ever, we need to celebrate! COVID stunted so many people’s businesses, leaving the entrepreneurs behind these companies picking up the pieces. So in this episode, I want to share the secret behind what some small business owners are doing right and how you can implement this step into your business. Listen in as I explain the importance of having a business plan to validate your idea for your product or service within the market. Remember: If you are ru...
2020-10-0610 min
Young Money with Tracey BissettEP161 Why an Abundance Mindset and Kindness are Key to Financial FitnessAs we reach the end of September 2020, new realities are starting to set in and many of us are realizing that things are not necessarily as we want them to be. At the time of this recording, Canada is entering its second wave of the COVID-19 pandemic, case counts are climbing around the country, and pandemic fatigue is starting to set in. What does this have to do with mindset, kindness, and your financial health? By cultivating a mindset of abundance and treating everyone—including yourself—with kindness, you will be in a much better place to weat...
2020-09-2908 min
Young Money with Tracey BissettEP158 Milli Moves: Mind Your Own Business About MoneyToday I am going to be discussing the importance of minding your own business about money. I have been hearing and seeing a lot of things recently that have given me pause surrounding this topic, so today I want to share my tips on how to stop inserting yourself into other people's money situations and start focusing solely on growing your bank account. Listen in as I explain the importance of not comparing yourself to others, as more often then not, things are not what they seem. You will learn why it is important to stand behind...
2020-09-0811 min
Young Money with Tracey BissettEP157 Milli Moves: How to Reset FinanciallyGiven the many unexpected challenges we've faced in 2020, it would be easy to stop working toward your financial goals and try again in 2021. However, now is the perfect time to finish the year off strong and start planning for the year ahead. In this episode, I want to share the steps you can take to make informed decisions and reset financially. Listen in as I share the important question you must ask yourself before every purchase to ensure you are being intentional with your spending and saving decisions. You will learn why you must think about your...
2020-09-0110 min
Young Money with Tracey BissettEP155 Business Pricing 101: How to Price your Product or ServiceToday I’m discussing what is hands down one of the things I get asked about the most: how to price your product or service. 80-85% of the clients I work with are not pricing their offering in a profitable way, which leads to losses in their company and is one of the major reasons the owners are not paying themselves consistently. Interestingly enough, while I talk about this all the time, I haven’t yet done a show on pricing. So today’s episode comes to you courtesy of my 11 year old niece. We have spent the la...
2020-08-1815 min
Young Money with Tracey BissettEP154 Milli Moves: Are You Squandering Your Covid Windfall?This episode is part of the Milli Moves Series, where I share tips, insights, and advice to help you continue on your financial fitness journey. Today I am going to be focusing on the people who are actually in better financial situations because of Covid and how you can evaluate your situation so you can make informed, conscious decisions about spending. Listen in to learn how to keep track of your inflows and outflows, as well as how to put it all together so you can see if you are making surplus cash. I know we are...
2020-08-1114 min
Young Money with Tracey BissettEP150 The Top 3 Biz Money Mistakes to AvoidDo you run your business from your bank account? Maybe you combine your business and personal expenses? If this sounds like you, you may be making some of the most commonly made mistakes in the business world. Today I will be sharing how to avoid these mistakes and how to improve your role as a business owner. Listen in as I explain the importance of checking your finances once a month, instead of leaving it until the yearly end review. You will learn how to be responsible with your money, the importance of learning from your mistakes, and how...
2020-07-2116 min
Young Money with Tracey BissettEP148 Celebrating the Launch of the Young Money Scholarship FundIn this episode, we are celebrating the launch of the Young Money Scholarship Fund! I’m on a mission to redefine the economic future of the world by addressing the financial literacy of young adults and entrepreneurs. Since the school systems do not do an adequate job of preparing students for the economic realities they will face, I am hoping to help young adults learn and get prepared for financial stability and success early on. My dream has always been to contribute to help other people reach their goals, so this launch is very important to me. Tu...
2020-07-0707 min
Young Money with Tracey BissettEP146 Milli Moves: How the Global Pandemic Saved Couples & Guests from Wedding Day DebtThroughout this pandemic, we have all been dealing with our own unique issues. Some people have lost their businesses, some have experienced the tragedy of losing loved ones, and some have had to cancel their weddings. Love, however, was not canceled—even if the wedding was. So today I want to explain what I believe to be a silver lining of these canceled or delayed weddings and why I think this may have saved you money. Listen in as I explain the importance of considering where you are financially before the wedding and where you want to be...
2020-06-3008 min
Young Money with Tracey BissettEP143 Milli Moves: How to Stop Being JudgyDo you consider yourself to be judgmental? If you answered no to this question, I want to challenge you to give it another thought. Although it is a human trait to be judgmental, it certainly does not help us to look down on others. So today is a short episode about how to keep our judgment in check, so we can open our minds to new experiences and diverse groups of people. Listen in as I share my own experiences with judgmental thoughts and how I have learned to work through them. You will learn how to...
2020-06-0910 min
Young Money with Tracey BissettEP141 Mindless Spending Through the Global PandemicAre you being thoughtful with your spending, or are you mindlessly shopping on your phone or computer? With social distancing still in full force, the isolation is starting to get to many of us, and you may feel as though you are spending less because you are not going out and doing as much as before. But in this episode, I want to challenge this assumption and discuss the ways you may be overspending through this pandemic. As an advocate of financial fitness, I want everyone and their businesses to come out of this crisis as strong as possible...
2020-05-2610 min
Young Money with Tracey BissettEP139 Should You Be Financially Selfless During a Global Pandemic?I have had many conversations with business owners and other individuals recently regarding government payments during the current global pandemic. A common theme among them has been people saying things along the lines of, "I’m not so bad off. I’ll be okay, and I’ll let other people or businesses get the money instead." Hearing this mindset come up again and again really made me wonder: Should you be financially selfless during a global pandemic? In this quick episode, I want to share with you why I believe that if you are struggling financially throughout these...
2020-05-1208 minYoung Money with Tracey BissettEP137 How to Manage & Negotiate With Creditors (People You Owe Money)During these unusual times, you may find that you are working more, less or not working at all. Because of this, your money situation may be at the forefront of your mind, and you are likely considering how you can save money and keep control of your budget. You may realize that you cannot afford to pay for everything that you are signed up for, so reducing expenses will be essential. You could, for example, consider lowering your auto insurance premiums because you are now working or studying from home. But, how do you go about negotiating with creditors...
2020-04-2816 minYoung Money with Tracey BissettEP135 How to Evaluate Your Financial Situation and Plan for Cash ControlAs we continue to face these unprecedented times with the spread of COVID-19, it’s natural to feel sad, worried, and anxious about what each new day will bring and what your future will hold once the pandemic is over. Whether you’re a student with seminars or classes suddenly cancelled, or a business owner who has been told to close your doors for the foreseeable future, these are uncertain times for everyone. And while we know this won’t last forever, the initial shock of our short-term reality is starting to wear off and we’re beginning to settle i...
2020-04-1412 minYoung Money with Tracey BissettEP133 How to be Financially Fit During A Global PandemicThe COVID-19 virus has seen markets go into freefall in response to the crisis, the impact, and the implications of social distancing. You may have been asked to stay home from work and are experiencing a loss of wages. Perhaps you’re a small business that is suffering or a student adapting to learning from home. In this time of global economic uncertainty, it’s normal to have feelings of anxiety and panic from watching the news and stressing over how or when this crisis will end. But, now is the time that we need to control our...
2020-03-3111 minYoung Money with Tracey BissettEP130 Show Me The Fraud - Fraud Prevention MonthYoung and old people alike need to consider how to protect themselves from fraud and prevent identity theft. Fraud can be initiated in several ways, including by telephone, email, text message, and online as well as through social networks, postal mail, or in-person. There are a few steps you can take to make it more difficult for criminals to hack or obtain your information. When you take appropriate measures and make yourself a harder target, you discourage the attention of criminals. Today, in honor of Fraud Prevention Month, I share how you can reduce your r...
2020-03-1008 minYoung Money with Tracey BissettEP128 Adulting 101: How to Get Out of Debt - No Matter What Got You Into ItThere are many different ways to get into debt and many factors cause debt to accumulate. Perhaps you find it all too easy to use your debit or credit card to make purchases with money that you have yet to earn. Funding your education is a common source of student debt and payday loans are another example. Debt can also be the result of being coerced into accessing it like in the case of sex trafficking or using your good credit to cosign or guarantee for a loan. You can also acquire debt through no fault of your own...
2020-02-2515 minYoung Money with Tracey BissettEP126 Love and Money: 3 Keys to SuccessLove and money play a prominent role in your life, and to find happiness and security, you will need to know how to integrate them in your life. Relationships can be complicated when money is involved. This is true not only for romantic relationships but any relationship you have, including those with family and friends. If you are in debt or saving for a goal, you will find your path by recognizing the keys to success. Today, I share three keys to success in love and money. I share why communication is a vital component t...
2020-02-1106 minYoung Money with Tracey BissettEP123 3 Financial Fitness Lessons from Jennifer Lopez and ShakiraYoung adults, young professionals, and students often find it hard to manage their finances, especially when they are doing it for the first time in their lives. The choices made now can have a long-term effect on their financial fitness, which will ultimately impact other parts of their lives. Whether you love their live shows and music or not, Jennifer Lopez and Shakira - the two star attractions of the Halftime show at Superbowl 54 - have many great lessons to teach young millionaires-in-the-making on finding financial and career success. Today, I share three financial fitness l...
2020-01-2821 minYoung Money with Tracey BissettEP122 Milli Moves: Accessible Post Secondary Education with Chris Wilkins, SchoolFinder GroupChris Wilkins is the founder and CEO of School Finder Group, an organization that helps students decide where to go to school, what they want to do when they graduate, and how to pay for it. Chris is an expert in media, digital, and tech and works closely with the SchoolFinder Group team, clients, and partners. He is active outside of work and loves to explore Toronto, travel, read, and stay active. He has an MBA from London Business School and a BA in History from York University, Glendon College. Chris joins me today to sha...
2020-01-2328 minYoung Money with Tracey BissettEP120 Milli Moves: Financial Fitness Tips from listeners Arlen & BlakeArlen Bondoc is the Co-Founder and Editor-In-Chief at Made Men HQ, a blog for men that promotes, educates, and inspires positive lifestyles for its readers. Arlen is an ambitious and outgoing student at Sheridan College, aiming to earn a CFA, in pursuit of a career in banking and finance. He is also the Founder and President of The Finance Association (HMC) at Sheridan College. Blake LeClair is a 4th year Bachelor of Commerce student in Accounting at Carleton University’s Sprott School of Business. He is an expert in creating student leadership initiatives and trains lea...
2020-01-1626 minYoung Money with Tracey BissettEP119 Milli Moves: How to Travel on a Budget with Barry ChoiBarry Choi is a travel and personal finance expert and the founder of Money We Have, a travel website and blog that advises on budget travel, trending destinations, millennial money, and credit cards. Based in Toronto, Barry is frequently quoted by the Canadian and U.S. media. He has made appearances on the Marilyn Denis Show, CTV's Your Morning, and Breakfast Television. Barry joins me today to share tips on how to travel on a budget. He reveals how to make smart choices with your planning time and travel dollars and highlights the importance of do...
2020-01-1422 minYoung Money with Tracey BissettEP118 How to Work with Me in 2020Understanding financial matters is a fundamental life skill but the school system is not very good at delivering education around it. But understanding money - how to save it, spend it, and invest it - is key to increasing your financial fitness and securing your financial future. It’s essential to accomplish the things you want in life. Are you ready to grow your financial confidence and financial decision-making skills? Today, I share how you can go beyond listening to the Young Money podcast and work with me in 2020. I share my st...
2020-01-0715 minYoung Money with Tracey BissettEP117 Lessons Learned in 2019; 2020 Predictions & TipsWith 41% of Canadians rating money as their most significant source of stress, it is likely affecting you or someone close to you. More than half of Canadians are just $200 away from being unable to pay their bills. One in five couldn’t afford to live for a week if their primary source of income disappeared. Financial confidence is strongly related to financial well-being, so it is essential to learn about money management to build your confidence. Today, I share the top 3 financial fitness lessons we have learned in 2019 and announce my 2020 predictions and tips. I disc...
2019-12-3114 minYoung Money with Tracey BissettEP116 Behind the Scenes of Young MoneyIf you love the Young Money podcast, then you’re aware of the importance of your financial fitness aka financial literacy, recognizing that it is a fundamental life skill that everyone should possess. Your feedback tells me that you enjoy the content we release and keep coming back for more. As positivity and momentum continues to build around Young Money, you have helped us pass several significant milestones including two years of podcast production and pulling in the highest number of monthly downloads ever in November 2019. Today, I share what has been happening behind the sce...
2019-12-2406 minYoung Money with Tracey BissettEP114 Milli Moves: Are you Uber Broke?Many young adults are falling into a cycle of wasting money and overspending. Some of these wasteful spending habits are due to the perception of convenience offered by ride and food delivery services. These expenses can quickly mount up and result in breaking the budget and falling short of achieving goals. If this sounds like you, then it is time to be honest, and take control of your money and boost your earnings and savings power. Today, I discuss whether convenience is causing you to break your budget and leave you Uber broke. I highlight h...
2019-12-1012 minYoung Money with Tracey BissettEP109 Milli Moves: Take Charge of Your Finances - Financial Literacy Month 2019When you are on a financial fitness journey, you will want to take control of your money and increase your earnings power. There are proven ways to do things to reach your financial goals, from budgeting to spending less than you earn. Putting your finances into order can be quite simple; you just need to know where to start and take that first step. Today, in honor of Financial Literacy Month, I share tips on how to take charge of your finances. I discuss the theme of this year’s Financial Literacy Month and share ess...
2019-11-0513 minYoung Money with Tracey BissettEP103 Are you a financial bully?Some people push their financial agenda on others without considering the impact. These actions could be intentional or unintentional, and they may not be aware that they are doing it. Often these actions occur without malicious intent. However, it can still result in people feeling shame or embarrassment about their financial situation. It can lead to people spending money they don’t have rather than having uncomfortable conversations about money. Today, I share how to judge if you are a financial bully and reveal how you should approach difficult conversations surrounding money. I share how you...
2019-09-2409 minYoung Money with Tracey BissettEP101 How to Take Control of Your Financial Future like Taylor SwiftWhether you’re a fan of Taylor Swift’s music or not - there are many financial lessons we can learn from her. As young millionaires-in-the-making, it’s important to understand the power of taking control over your finances and earning power early in your adult life. After all, understanding how you’re earning and spending your money and creating plans for your future are the first steps in securing your financial success. Today, I share how to take control of your financial future like Taylor Swift. I reveal what you can do to take control o...
2019-09-1213 minYoung Money with Tracey BissettEP100 Celebrating 100 Episodes of Young MoneyFinancial fitness is a journey. In the beginning, you start to learn about budgeting and saving, and as you progress along this journey, you come to a destination where you may have advanced financial awareness or even become a sophisticated investor. Whether you are at the start or somewhere in between, improving your financial fitness starts with education and resources such as the Young Money Podcast. Today, we celebrate achieving 100 episodes of the Young Money Podcast by looking at our most popular shows. I share the valuable feedback we’ve received from our loyal listeners and...
2019-09-1017 minYoung Money with Tracey BissettEP094 Financial Fitness Lessons for My Younger SelfAs a young adult, learning how to achieve financial freedom and stability can be challenging if you don’t know where to begin. Learning the importance and value of saving and investing is paramount, but with money and personal finance, true success comes from learning at your own pace. Today, I share the financial fitness lessons that I would share with my younger self. I explain the importance of saving your money and learning to invest at a young age. I discuss the importance of taking a close look at your spending habits. I also exp...
2019-08-0609 minYoung Money with Tracey BissettEP090 3 Financial Fitness Lessons from Rihanna & Jay-ZFinancial fitness can seem like a dream that you can never bring into reality. You might feel like you are not good with money or that since your family is not good with money, you are doomed to repeat this pattern. Maybe you have debt, haven’t established an emergency buffer, or are merely surviving from one month to the next without saving for the future. Today, I share the three lessons I have learned about financial fitness from Rihanna and Jay-Z. I share why your previous decisions and childhood circumstances shouldn’t impact the way y...
2019-07-0909 minYoung Money with Tracey BissettEP086 Are your financial demands hurting your family?Talking with your family about your money and financial demands can be a difficult conversation, but it is certainly an important one. Over 96% of families with children between 18-35 admit that they help their children with their financial burden - including life expenses such as rent and groceries, often at the expense of postponing their retirement. While it can be tempting for young adults to stay in the mindset of accepting financial help from your family or to believe that your family should be taking care of you, how would you feel if it meant that they weren’t ta...
2019-06-1111 minYoung Money with Tracey BissettEP084 3 Myths Sabotaging your Financial FitnessMany people find themselves in debt or suddenly realize that they aren’t making any savings or building a retirement nest egg. It can be hard to know where and how to start clearing debt. You may feel that you don’t have the financial knowledge to create a plan, start saving or make investments. It is also easy to make excuses or tell yourself stories to feel better about not doing anything to improve your financial situation. Today, I share three myths that are sabotaging your financial fitness. I reveal how you can break the c...
2019-05-2806 minYoung Money with Tracey BissettEP082 How to Avoid Financial Roller Coaster RidesRoller coasters are without a doubt the highlight of every theme park enthusiast. The multiple twists and turns, the climb and the drop that seems to never end, riding a roller coaster will definitely get your blood pumping. As fun as a roller coaster ride can be, the way you manage your finances shouldn’t replicate the ups, downs, and nauseating turns that ride makes. Today, I share tips on how you can avoid financial roller coaster rides. I describe the similarities between roller coaster rides and common financial woes. I discuss the logic behind the...
2019-05-1407 minYoung Money with Tracey BissettEP080 Weddings on a BudgetWith summer approaching, many people are planning their weddings. Wedding planning can be stressful, particularly in terms of creating a wedding celebration on a realistic budget. If you are planning a wedding soon, then the expenses should also have you thinking about how these costs will affect your future financial goals. Today, I share everything you need to consider when planning your wedding budget. I discuss the key questions you should ask yourself and your significant other before tying the knot, why you should consider how your wedding costs might affect your future goals and t...
2019-04-3009 minYoung Money with Tracey BissettEP078 Spring Clean Your FinancesSpring is an excellent time of year when nature and new life spring into action. This makes spring the perfect time to review your finances and to make sure you reach your goals, reduce your debt, save money, and protect yourself against the unknown and unexpected things that life can throw your way. It’s time to get your finances organized. Today, I share how to spring clean your finances with a series of tips and clear, practical advice. I review how you can clear your debt and start to save more. I share why you ne...
2019-04-1610 minYoung Money with Tracey BissettEP074 How to Protect Your Business from FraudCanadian business owners and entrepreneurs shouldn’t lose sight of the risk of internal and external fraud. The dangers of fraud are real, and it is a misconception to think that fraud only happens to big firms. A business and its employees can be at risk of many kinds of fraudulent crimes. Companies are at even higher risk now that many parts of business operations take place online, so it is vital to protect against cybercrime. Today, I share 6 tips on how to protect your business from fraud. I reveal the different types of internal and...
2019-03-1908 minYoung Money with Tracey BissettEP072 Multi- Level Marketing – Is It the Right Opportunity for You?Many people have heard of or become interested in the opportunities offered by Multi-Level Marketing companies (MLM), also known as pyramid selling, network marketing, and referral marketing. This strategy for selling products or services sees the revenue of the MLM company coming from a non-salaried workforce, who in turn earn through a pyramid-shaped or binary compensation commission system, as well as through encouraging new people to join. If you have witnessed friends navigate an MLM arrangement, then you may be wondering if an MLM is an appropriate opportunity for you. Today, by special request, I a...
2019-03-0511 minYoung Money with Tracey BissettEP070 RRSP Withdrawal Programs - What Are They & How Do They Work?It can be challenging to prepare and find effective ways of planning for your future. In particular, people find it hard to plan for buying their first home or re-starting their education at a later time. Young adults may understand that starting early to plan their financial future is critical, but it is also vital to understand the financial planning options and programs that are available to Canadians. Today, I’m sharing a short, targeted program on RRSP withdrawal programs. I reveal what a Registered Retirement Saving Plan is, how they work, and explain how an RRSP is established wit...
2019-02-1912 minYoung Money with Tracey BissettEP068 How to Work with Me in 2019As young millionaires-in-the-making, it’s critically important to master the art and skill of managing your money and understanding your finances. Whether you’re a student, recent graduate or entrepreneur your financial literacy is key to building a future of financial success. It’s the key that unlocks the feeling of freedom, empowerment, and financial fitness. On today’s episode, I share how I help young adults and entrepreneurs unlock their financial fitness. I share how I work with young adults, parents, educators, financial institutions and entrepreneurs improve their financial literacy. I also sha...
2019-02-0509 minYoung Money with Tracey BissettEP067 5 Financial Lessons Learned from Maroon 5Financial lessons can be found in many things and there are a lot of people, groups, and businesses who can be viewed as a source for inspiration. Musicians, bands, and celebrities are a great example of this. To find long-term success, they need to employ a variety of skills and have an attitude that will ultimately end in financial rewards and personal happiness. Today, I share 5 financial lessons we can learn from Maroon 5 and lead singer, Adam Levine. I explain why it’s important for entrepreneurs and investors to stay focused on their long-term goals, even...
2019-01-2910 minYoung Money with Tracey BissettEP062 What is your Money Mindset?People think about money in different ways. Our relationship, interpretation, and interaction with money play a significant role in our money mindset. Your views on money might have been created during childhood, but the people that you are closest to can also affect the way that you feel about it. So, how do you change the way you think and feel about money? How do you shift your thoughts from a “scarcity” point of view to a mindset based on abundance and gratitude? Today, I explain what ‘money mindset’ is and share the two primary mindsets...
2018-12-2511 minYoung Money with Tracey BissettEP060 Young Money's 1st Birthday - Ask Me Anything!The Young Money Podcast is one year old, and the feedback and reviews I’ve received from my listeners have truly been heartwarming. Over the last year, it has been my privilege to help young millionaires-in-the-making demystify personal finance concepts and learn strategies to become financially fit through the stories, insights, and successful entrepreneurs we have featured on the show. On today’s special episode, I answer some of your most pressing questions on money and finance. I explain the difference between government and non-government student debt, why you should not comingle these types of debt...
2018-12-1112 minYoung Money with Tracey Bissett011 Financial Fitness Tips for the HolidaysAre you prepared for a financially fit holiday season? Since Halloween, we have been bombarded with holiday decorations, advertisements, and sales to prod us into the holiday spending spirit. What does this mean for you, and what actions can we take? On today’s episode, I share with you some key economic realities for Canadians and provide tips to help you prepare and maintain your financial fitness during this giving season. I’ll also explain what influences people’s spending decisions and why it’s important to create a list and maintain a budget, especially during th...
2018-12-0411 minYoung Money with Tracey BissettEP058 Invest in Your Financial Well-Being - Financial Literacy Month 2018Many people struggle to deal with financial planning and debt, leading to high levels of stress and anxiety. Struggling with your finances can affect all parts of your life, and it can be hard to reach your life goals when you are dealing with such a burden. If financial planning or debt is affecting you, then you are not alone. Canadians have more debt than ever before, and half of all Canadians couldn’t meet their financial obligations if their paycheck were delayed by even one week. November is Financial Literacy Month in Canada. On toda...
2018-11-2014 minYoung Money with Tracey BissettEP056 Back to Basics - The 5Cs of Credit Almost everyone will need to make use of credit at some point in their lives, whether it’s by applying for a loan, credit card or a line of credit. There are many things that lenders take into account when you apply for credit, and the assessment of these will result in either a positive or negative lending decision. Today, I am sharing insights into how a bank decides whether or not to give you a credit card, loan, or line of credit. I explain the 5Cs of credit and the evaluation process that takes place when you...
2018-11-0610 minYoung Money with Tracey BissettEP051 Gift and Prepaid Cards - Consumer Beware Everyone loves a gift card. When bought as a gift or delivered as a prize, gift cards make us happy. Sadly, 25% of gift cards are never used and 32% of those are simply lost. Some might say gift cards are impersonal, but for others, they are a go-to gift. For those who do love gift cards, they’re a fun way to allow someone to treat themselves. Today, I’m sharing my top 3 tips for buying and receiving gift and prepaid cards. I discuss the things to watch out for and how to get the most out of the mon...
2018-10-0211 minYoung Money with Tracey BissettEP049 5 Questions to Answer Before Getting a Credit Card If you walk around any post-secondary campus at the beginning of the semester, you’ll often find many credit card company representatives setting up booths to promote their companies and sign up students for their credit cards. While this is convenient for many students - and a great marketing strategy for these companies - the reality is that many post-secondary students do not know enough about credit cards and the proper way to use them without getting buried in debt. Today, I’m sharing the five critical questions post-secondary students and millionaires-in-the-making need to answer before...
2018-09-1808 minYoung Money with Tracey BissettEP047 Adventures with Crypto - 5 Lessons Learned with Digital Wallets and Buy TransactionsEducation is critical for ensuring your financial fitness and creating a future of financial freedom. Beyond seeking advice and listening to other people’s stories on the strategies they use to make investment decisions, one of the best strategies to understand new concepts and ideas is to experiment and try new things yourself. On today’s episode, I share how my discussion with Alan Wunsche on Bitcoin and other cryptocurrencies inspired me to learn more about digital wallets and how to use them to complete various transactions. I share the research I have conducted on the d...
2018-09-0409 minYoung Money with Tracey BissettEP044 Dangers of Payday LoansFor many millionaires-in-the-making, getting an advance on your pay cheque may sound like a dream come true. The idea and concept of getting a payday loan may seem great on the surface - and may even help you pay for unexpected bills and expenses that come up between pay cheques - but they can often lead to long-term financial trouble. Like any loan, payday loans need to be paid back, and many young millionaires-in-the-making may not realize the negative impact these loans can have on their financial future. Today, I explain wh...
2018-08-1412 minYoung Money with Tracey BissettEP037 Cohabitate in a Financially Fit WayWith the continued increases in housing prices and rental rates, young people realize the need to become more creative and resourceful when it comes to moving out on their own. Many young millionaires-in-the-making consider moving in with friends or their significant other to develop a sense of freedom, responsibility, and to start their journey into adulthood. However, often, young adults often don’t realize all of the things they should consider when deciding to cohabitate with others. In this episode, I share the five keys to successfully cohabitating in a financially fit way. I explain why sometimes, li...
2018-06-2613 minYoung Money with Tracey BissettEP033 Investing BasicsUnderstanding the basics is foundational when learning a new skill or pursuing new undertakings. The first step before investing is to equip yourself with the basics of how investing works. It is crucial that you understand how investment returns are generated and how investors gauge and manage risks based on their investment objectives and time horizon. “No matter what your time horizon or risk tolerance, you should never invest your money in something you do not understand.” - Tracey Bissett Today, I’m sharing a micro-training on investment basics including the definiti...
2018-05-2918 minYoung Money with Tracey BissettEP031 True Cost of Being a Wedding GuestSpring is in the air - and that means wedding season is quickly approaching. While weddings are a joyful celebration of two people sharing nuptials and promising to love each other forever, attending a wedding can often leave you feeling surprised by the financial expense. Being a guest at a wedding can often be more expensive than you think! This cost is magnified if you are invited to several weddings in a year. On today’s episode, I discuss the true cost of being a wedding guest and how close your relationship is to the people getting ma...
2018-05-0806 minYoung Money with Tracey BissettEP029 Buying vs. Leasing a Car Convenience and safety are a few of the many reasons why people own or lease a car. While there are many decisions to make when choosing the car of choice regarding color, model, and make, leasing a car is now a popular option for those who do not want to buy one. Understanding your driving needs, your lifestyle, and your budget will give you a clear picture of whether car ownership is the right choice for you. In this episode, I’m sharing the cost of buying a car versus leasing one based on your expected car usage. I’m...
2018-04-2421 minYoung Money with Tracey BissettEP025 True Cost of Car OwnershipLearning to drive and becoming a licensed driver is a fundamental life skill. Many teens and young adults anticipate with excitement owning their own car, sitting behind the wheel and driving with their friends to work, school, or activities. As young millionaires-in-the-making think about driving and car ownership, it’s important to develop a financial plan that works and takes into consideration the additional expenses that are associated with car ownership. On today’s episode, I’m discussing the true cost of owning a car. I’ll highlight some of the key areas that many people of...
2018-03-2709 minYoung Money with Tracey BissettEP019 TSFAs vs. RRSPsI started my RRSP (Registered Retirement Savings Plan) at the age of 18 with a contribution of $25 per month - $300 a year! My parents were insistent that my budget, even while I was a student, include this long-term savings component so that my savings would benefit from compound interest. You may remember we talked about compound interest in prior episodes and it means the addition of interest to the principal of a deposit – interest on interest. This compounding impact, reinvesting interest, works well when you have a long-time horizon for your investments. Better to save small amounts and reap the be...
2018-02-1309 minYoung Money with Tracey BissettEP017 Superbowl's Musical Talent - Justin Timberlake & Lady GagaSuper Bowl 52 is just around the corner. I’m excited about this episode as it includes so many of my favorite things money, music, and excellent hustlers -- all of which are part of Super Bowl's entertainment. This year, Justin Timberlake adds to the Super Bowl excitement as he dazzles the viewers during the halftime live performance. On today’s episode, I talk about the financials of the Super Bowl’s musical talents, specifically those of Justin Timberlake and Lady Gaga. I share an overview of the backgrounds of Justin and Gaga and how they have accumulated net wo...
2018-01-3012 minYoung Money with Tracey BissettEP013 Start the New Year Financially Fit2018 will soon be upon us and as we look to the new year, it’s a great time for us to reflect on 2017 and our hopes for 2018. We need to be aware of how and why we spent our money the way we did this year. "As we move forward on our collective financial fitness journey it is important to remember to take action! Even small changes can have a big impact – you don't need to tackle everything at once." - Tracey Bissett On today’s episode we are going to ex...
2018-01-0217 minYoung Money with Tracey BissettEP011 Financial Fitness Tips for the HolidaysAre you prepared for a financially fit holiday season? Since Halloween, we have been bombarded with holiday decorations, advertisements, and sales to prod us into the holiday spending spirit. What does this mean for you, and what actions can we take? On today’s episode, I share with you some key economic realities for Canadians and provide tips to help you prepare and maintain your financial fitness during this giving season. I’ll also explain what influences people’s spending decisions and why it’s important to create a list and maintain a budget, especially during th...
2017-12-1909 min
Young Money with Tracey BissettWelcome to Young Money with Tracey BissettWelcome to the Young Money podcast - the advice show for young millionaires-in-the-making. I’m your host, Tracey Bissett, the President and Chief Financial Fitness Trainer at Bissett Financial Fitness Inc. I’m passionate about helping people - especially young adults and young entrepreneurs - learn more about their finances to be successful in their financial lives. In this episode, I’m sharing my story and how I got started in the finance industry. I’ll also explain what you can expect from this podcast, the type of content we will cover, and why I felt it was important to launc...
2017-12-1209 minYoung Money with Tracey BissettDo I Want to be a Young Millionaire?Do you want to be a millionaire? This single word is loaded with multiple meanings - and those meanings are different from one person to the next. Many people have strong negative feelings and emotions about becoming a millionaire while others believe it could bring them the life of their dreams. On today’s episode, I’m going to share the plain and simple truth of what a millionaire is, how to calculate your net worth, and the difference between a millionaire and a multi-millionaire. I’ll also explain what the Bissett Financial Fitness Framework is and how it can help y...
2017-12-1215 minYoung Money with Tracey BissettBiggest Mistakes Made When Educating Young Adults About Student DebtIt’s hard to be a post-secondary student in today’s economic society. The grades you need to get into post-secondary schools are high and the cost of tuition gets more expensive with each passing year. Although there are often grants, scholarships, and other financial programs available, many post-secondary students use credit cards and student loans to put themselves through school. In fact, 9 out of 10 post-secondary students carry at least one credit card to help make ends meet. On today’s episode, I’m sharing some startling Canadian student debt statistics that are impacting our young adults. I’m also discussing...
2017-12-1217 minYoung Money with Tracey BissettHow's Your Financial Reputation aka Your Credit Score?Knowing and understanding your credit score is critical to being financially fit. Your credit score is a determining factor for many things in your life - from buying a new car and opening a credit card account to purchasing a new home and even getting a job. Many young adults today don’t understand what their credit score means or how the financial decisions they make impact it. On today’s episode, I’m going to explain what your credit score is and why it’s important to periodically check your credit report and address any issues that may arise. I’ll als...
2017-12-1215 minYoung Money with Tracey BissettBiggest Mistakes Small Business Owners Make When Growing Their CompaniesAre you selling more than ever before, but finding that you have no money in your bank account to pay your business expenses? Are you overdrawing on your bank account or line of credit? Perhaps you’re struggling to pay your suppliers in a timely manner which is resulting in delayed shipments. Maybe you’re receiving calls or letters in the mail regarding overdue bills. On today’s episode, I’m sharing the three biggest financial mistakes that many small businesses make when growing their companies. I also share tips on how to avoid these critical mistakes so you can grow you...
2017-12-1207 min