Podcasts about share inspire other young millionaires

Kola Ifabumuyi is a mortgage planner that customizes optimal mortgage financing terms by leveraging customized financing engagements across Canada—regardless of whether its mortgage refinancing, mortgage renewal financing, or mortgage purchase financing. Today Kola joins the show to discuss his role as a mortgage broker, including his day-to-day tasks and what makes his position not only unique but ever-changing. Listen in as Kola shares what he attributes to his success to, focusing on his work ethic and the importance of being completely transparent, as well as adaptable with your clients. If you are a first time home buyer or you have been considering working with a mortgage broker, this is the episode for you. “We have a saying back in Nigeria saying 'no condition is permanent,' but there is one condition that is permanent, and that is change.” - Kola Ifabumuyi This Week on Young Money: A day in the life of a mortgage broker. Why someone would want to work with a mortgage broker. Tips for first time home buyers. How to get the most out of your mortgage broker. Key takeaways: Consistency is key. Focus on your work ethic. Be transparent. Be adaptable. Resources Mentioned: Kola Ifabumuyi: Website | LinkedIn Philpott Children’s Tennis   Rate, Share & Inspire Other Young Millionaires-in-the-Making  Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts. Don’t forget to share your favorite episodes on social media!  Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

November 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 out of money, open up the money conversations that are hard to have, and have some fun along the way.” - Tracey Bissett This Week on Young Money: How to make a budget so you can stick to a plan. Why it's important to borrow only what you need. How to understand your financial services. Why you should set up an emergency fund. Key takeaways: Keep track of your money. Commit to a spending plan. Minimize your debt. Prevent financial fraud. Build good financial habits. Understand your financial products or services. Set aside money for unexpected expenses. Order your credit report. Have a plan to pay off your debt. Reassess your financial goals. Resources Mentioned: Financial Literacy Month Budget Planner Financial Tools and Calculators 2020 Wealth Professional Awards EP129 Adulting 101: Equifax's Julie Kuzmic on What's a Credit Report & Should I Care? EP130 Show Me The Fraud - Fraud Prevention Month EP132 How to Protect Yourself from Fraud with Julie Kuzmic of Equifax EP137 How to Manage & Negotiate With Creditors (People You Owe Money) EP139 Should You Be Financially Selfless During a Global Pandemic? EP141 Mindless Spending Through the Global Pandemic EP143 Milli Moves: How to Stop Being Judgy EP146 Milli Moves: How the Global Pandemic Saved Couples & Guests from Wedding Day Debt EP147 Building Financial Resilience During Times of Crisis with Michelle Jackson    Rate, Share & Inspire Other Young Millionaires-in-the-Making  Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts. Don’t forget to share your favorite episodes on social media!  Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

As 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 facilitate better systems and processes that, coupled with online sales, will stimulate growth in my business.” - Tracey Bissett This Week on Young Money: How many Canadian entrepreneurs are confident that they will make it through the crisis. The percentage of consumers that have made more online purchases since the crisis began. Which SMEs plan to make changes to their business practices. Why it's important to keep a close eye on cash flow, including a weekly cash flow forecast. Key takeaways: Keep your eyes on your cash flow. Adapt your management practices for teleworking.  Choose an e-commerce strategy that suits your business model. Listen to your customers to plan your growth. Plan your technology investments.  Resources Mentioned: BDC Study – The Response October 2020 Biz Money Mistakes Masterclass – Top 3 Mistakes to Avoid and How to Take Control of Your Business,  This training has been specifically designed for entrepreneurs with sales in the 6 to 7 figure range who want to proactively change the way they are handling their money matters and navigate the current environment with success.  If you are an entrepreneur with sales at these levels and want to make informed, powerful money decisions, you do not want to miss this important masterclass.  In this short, impactful training I will teach you: Your role as Business Owner The Top 3 Biz Money Mistakes & How to Start New Routines that will Support your Business into the Future  Stop waiting for things to change; take control of your business and join me for the Biz Money Mistakes Masterclass. Click here to register now.   Rate, Share & Inspire Other Young Millionaires-in-the-Making  Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts. Don’t forget to share your favorite episodes on social media!  Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

Jason Pereira is a partner and senior financial consultant with Woodgate Financial, a volunteer with the Financial Planning Standards Council, a mentor for entrepreneurs, a podcast host, a lecturer at the Schulich School of Business at York University, and—if that isn’t enough—he is also a regular contributor to The Globe and Mail. With a wealth of experience behind him, Jason is committed to the betterment of the financial industry and has been recognized both nationally and internationally with numerous awards and accolades. Listen in as he shares how a financial planner helps you to live your best life, as well as the common mistakes he sees business owners make. You'll hear his advice for creating wealth and success in your life (hint: it’s not a quick journey, but it is worth it) and the best time for small business owners to start working with a financial planner. If you’ve been wondering whether a financial planner is something you should have in your life, this is the episode for you. “Having the right financial planner is having someone in your life that you get to turn to that will basically ask you what it is you want out of life and help you get there.” - Jason Pereira This Week on Young Money: What the 5-step process of financial planning entails. The best time for small business owners to begin working with a financial planner. What makes most business owners successful. Common missteps Jason sees business owners make. The difference between financial planning and accounting—and why it matters. Key takeaways: Financial planners enable you to live your best life. Successful business owners act like business owners. Build the business you want 20 years from now. Don’t be afraid to pay for professionalism. Resources Mentioned: Jason Pereira: Website | Facebook | LinkedIn | Twitter | YouTube Woodgate Financial The Fintech Impact Podcast Financial Planning for Canadian Business Owners Podcast FP Canada Institute of Advanced Financial Planners Financial Planning Association of Canada Biz Money Mistakes Masterclass – Top 3 Mistakes to Avoid and How to Take Control of Your Business,  This training has been specifically designed for entrepreneurs with sales in the 6 to 7 figure range who want to proactively change the way they are handling their money matters and navigate the current environment with success.  If you are an entrepreneur with sales at these levels and want to make informed, powerful money decisions, you do not want to miss this important masterclass.  In this short, impactful training I will teach you: Your role as Business Owner The Top 3 Biz Money Mistakes & How to Start New Routines that will Support your Business into the Future  Stop waiting for things to change; take control of your business and join me for the Biz Money Mistakes Masterclass. Click here to register now.   Rate, Share & Inspire Other Young Millionaires-in-the-Making  Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts. Don’t forget to share your favorite episodes on social media!  Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

Nyima Gyalmo is a passionate digital marketing specialist at Social Sherpa, a strategic digital marketing partner based out of Toronto, Ontario. She helps small businesses connect with their customers while also leveraging social media and search engine marketing. Nyima joins me today to share the keys to her success, the entrepreneurial lessons she learned through her childhood, and what she wishes she had known sooner about finances. She also reveals why it’s important to show up for yourself, as well as other people, and what it means to become your own parent when you’re an adult—and why it’s important! “It’s important that as we grow up, we become a parent to ourselves.” - Nyima Gyalmo This Week on Young Money: What a day in the life of Nyima looks like. The key factors that played a role in her success. What she wishes she had known sooner about money and finances. Why it’s important to show up for others, as well as yourself. Key takeaways: Persistence is key for success. Face your problems head-on. Attitude is everything. Resources Mentioned: Nyima Gyalmo: Website | LinkedIn | Facebook | Instagram Nyima Gyalmo's: "A to Z of Social Media for Business & Marketers": https://bit.ly/2Fg0cKi Dave Ramsey's 7 Baby Steps Biz Money Mistakes Masterclass – Top 3 Mistakes to Avoid and How to Take Control of Your Business,  This training has been specifically designed for entrepreneurs with sales in the 6 to 7 figure range who want to proactively change the way they are handling their money matters and navigate the current environment with success.  If you are an entrepreneur with sales at these levels and want to make informed, powerful money decisions, you do not want to miss this important masterclass.  In this short, impactful training I will teach you: Your role as Business Owner The Top 3 Biz Money Mistakes & How to Start New Routines that will Support your Business into the Future  Stop waiting for things to change; take control of your business and join me for the Biz Money Mistakes Masterclass. Click here to register now.   Rate, Share & Inspire Other Young Millionaires-in-the-Making  Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts. Don’t forget to share your favorite episodes on social media!  Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

October 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 running a business, you are strong and resilient and you should be celebrating your successes this month. "The secret is: If you have been in business for more than 3-6 months, you know how to manage cash flow. Let me repeat that so it sinks in: If you have been in business for more than 3-6 months, you know how to manage cash flow.” - Tracey Bissett This Week on Young Money: What you will have a good grasp on after 3-6 months of owning a small business. Why you deserve to celebrate this October if you are an entrepreneur. Key takeaways: Create a business plan. Celebrate your wins. Validate your idea. Identify your target market. Biz Money Mistakes Masterclass – Top 3 Mistakes to Avoid and How to Take Control of Your Business,  This training has been specifically designed for entrepreneurs with sales in the 6 to 7 figure range who want to proactively change the way they are handling their money matters and navigate the current environment with success.  If you are an entrepreneur with sales at these levels and want to make informed, powerful money decisions, you do not want to miss this important masterclass.  In this short, impactful training I will teach you: Your role as Business Owner The Top 3 Biz Money Mistakes & How to Start New Routines that will Support your Business into the Future  Stop waiting for things to change; take control of your business and join me for the Biz Money Mistakes Masterclass. Click here to register now.   Rate, Share & Inspire Other Young Millionaires-in-the-Making  Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts. Don’t forget to share your favorite episodes on social media!  Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.  

As 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 weather the financial storm. That’s why in this episode, I’m giving you tangible and practical steps to hit the reset button on your finances, reminding you how to maintain a sense of calm during the second wave of COVID-19, and sharing how to cultivate a mindset of abundance and gratitude. "An abundance mindset and kindness are key to financial fitness.” - Tracey Bissett This Week on Young Money: How to financially reset in order to ride through the rest of the year. Why a mindset of abundance and kindness are important to your financial health. Actionable steps for maintaining financial calm during a pandemic. How to cultivate a mindset of abundance. What to do you if you fall off the “financial wagon.” Key takeaways: Look for the positives and keep calm during these challenging times. You are in control—even if it doesn’t seem like it. Be patient with yourself and remember that kindness matters. Resources Mentioned: EP062 What is your Money Mindset? EP133 How to be Financially Fit During A Global Pandemic EP157 Milli Moves: How to Reset Financially   Rate, Share & Inspire Other Young Millionaires-in-the-Making  Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts. Don’t forget to share your favorite episodes on social media!  Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.  

Maxim Cramer is the founder of MENNENIA, where she empowers female entrepreneurs to leverage technology so they can make their biggest impact yet. Repeatedly praised for her ability to turn technology into everyday English, flattening communications barriers between technical teams and visionaries, she’s taken on the audacious goal of securing a digital future for women by doubling the number of female-founded tech businesses worldwide. Listen in as Maxim discusses the importance of trying new things and being open to alternative possibilities so you have the chance to broaden your opportunities. You will learn why she avoids using credit and only spends what she has, the benefit of having diverse streams of income, and more. “Decide what you want your money to do for you.” - Maxim Cramer This Week on Young Money: Why being open to new opportunities is important. The benefit of approaching things with excitement and curiosity. Why Maxim avoids using credit. Her best advice for saving money. The importance of deciding what you want your money to do for you. Key takeaways: Get curious. Be open to possibilities. Only spend what you have. Have diverse streams of income. Resources Mentioned: Cutting Through Tech How I Started The UK's Fastest Growing Company: My Gymshark Story | Ben Francis Connect with Maxim Cramer: Website Instagram LinkedIn Twitter Biz Money Mistakes Masterclass – Top 3 Mistakes to Avoid and How to Take Control of Your Business, This training has been specifically designed for entrepreneurs with sales in the 6 to 7 figure range who want to proactively change the way they are handling their money matters and navigate the current environment with success. If you are an entrepreneur with sales at these levels and want to make informed, powerful money decisions, you do not want to miss this important masterclass. In this short, impactful training I will teach you: Your role as Business Owner The Top 3 Biz Money Mistakes & How to Start New Routines that will Support your Business into the Future  Stop waiting for things to change; take control of your business and join me for the Biz Money Mistakes Masterclass. Click here to register now. Rate, Share & Inspire Other Young Millionaires-in-the-Making  Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts. Don’t forget to share your favorite episodes on social media!  Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website. Get Your Young Money Questions ANSWERED! Want to learn more about how you can stay financially fit or share a question about money? Leave a voice message to get all of your Young Money questions answered.  Remember - there is no silly question when it comes to your financial fitness.

Glenda Healy is an educator and researcher whose goal is to help parents and students find financial aid for post secondary education. The founder of Seeking Scholarships, Glenda also published The Scholarship Report, a popular newsletter on financial aid, scholarships, and bursaries subscribed to by hundreds of schools in Ontario. Her two children have won over $65,000 in scholarships, and she joins us today to discuss how to set your scholarship applications up for success. Listen in as Glenda shares her best advice for getting scholarships, bursaries, and government funding to ease some of the financial burdens of post secondary education. You'll learn the dos and don’ts of applying for awards, tips and tricks to maximize your chances of success, and how to leverage awards to get even more funding.  "My passion is that everybody has equal access to education.” - Glenda Healy This Week on Young Money: What a day in the life of Glenda looks like as she helps guidance counselors and parents navigate external funding sources. What drove her to pursue this line of work and how she was able to get over $65,000 of scholarships for her children. Key things to include in a scholarship application to make it stand out. How Glenda kept everything organized when her children were applying for awards. The things to avoid when applying for funding. Why you should always apply for scholarships, even if you don’t think you’ll get them. Key takeaways: Volunteerism is a critical component of successful scholarship applications. Leverage your awards to win even more scholarships and bursaries. Always apply for as much funding as you can. Resources Mentioned: Glenda Healy: Website | Email | Facebook | Twitter | LinkedIn The Scholarship Report Handbook Live Virtual Workshop: Planning & Funding Post-Secondary Young Money Scholarship Fund Thank you to all post secondary students who applied for The Young Money Scholarship Fund. The fund was established to help post secondary students achieve their goals by removing some of the financial strain from the equation and is powered by Bissett Financial Fitness Inc.   Applications for this round have now closed and we will be announcing the recipients shortly. Don’t worry if you missed this round – this was the first round of many!  Rate, Share & Inspire Other Young Millionaires-in-the-Making  Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts. Don’t forget to share your favorite episodes on social media!  Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website. Get Your Young Money Questions ANSWERED! Want to learn more about how you can stay financially fit or share a question about money? Leave a voice message to get all of your Young Money questions answered.  Remember - there is no silly question when it comes to your financial fitness.

Today 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 the pricing you have created for your product or business, why looking wealthy is not the same as being wealthy, and more.    “Do you want to look wealthy or be wealthy?” - Tracey Bissett This Week on Young Money: Why you can’t believe everything you see. The problems that come from concerning yourself with other people and their money. Why looking wealthy doesn’t always mean you are wealthy. Key takeaways: Don’t compare yourself to others. Stand firm in your pricing. Look inward. Resources Mentioned: EP012 The Financial Cost of Comparisonitis with Rachel Brownlow Lund EP036 Kelley Keehn with 5 Ways We Sabotage Our Finances EP045 Stop Feeling Broke with Shannon Lee Simmons EP076 Happy Go Money with Melissa Leong EP090 3 Financial Fitness Lessons from Rihanna & Jay-Z EP155 Business Pricing 101: How to Price Your Product or Service Warren Buffet Power + Presence + Position podcast hosted by Eleanor Beaton Young Money Scholarship Fund Thank you to all post secondary students who applied for The Young Money Scholarship Fund. The fund was established to help post secondary students achieve their goals by removing some of the financial strain from the equation and is powered by Bissett Financial Fitness Inc.   Applications for this round have now closed and we will be announcing the recipients shortly. Don’t worry if you missed this round – this was the first round of many!  Rate, Share & Inspire Other Young Millionaires-in-the-Making  Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts. Don’t forget to share your favorite episodes on social media!  Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website. Get Your Young Money Questions ANSWERED! Want to learn more about how you can stay financially fit or share a question about money? Leave a voice message to get all of your Young Money questions answered.  Remember - there is no silly question when it comes to your financial fitness.

Given 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 future self, instead of focusing on what will make you happy today. You are resilient and innovative, so continue on your financial fitness journey to not only survive but thrive during these last few months of 2020!   “Young Money listeners are innovative, resilient problem-solvers who seek knowledge and then take action in their lives. We have got this!” - Tracey Bissett This Week on Young Money: The key question to ask yourself before every purchase. Why we have to make informed decisions. How to not let 2020 prevent us from reaching our goals. The importance of thinking about your future self. Key takeaways: Evaluate where you are financially. Goal review and reset. Confirm or make new plans to hit goals. Resources Mentioned: Power + Presence + Position podcast hosted by Eleanor Beaton Young Money Scholarship Fund Thank you to all post secondary students who applied for The Young Money Scholarship Fund. The fund was established to help post secondary students achieve their goals by removing some of the financial strain from the equation and is powered by Bissett Financial Fitness Inc.   Applications for this round have now closed and we will be announcing the recipients shortly. Don’t worry if you missed this round – this was the first round of many!  Rate, Share & Inspire Other Young Millionaires-in-the-Making  Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts. Don’t forget to share your favorite episodes on social media!  Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website. Get Your Young Money Questions ANSWERED! Want to learn more about how you can stay financially fit or share a question about money? Leave a voice message to get all of your Young Money questions answered.  Remember - there is no silly question when it comes to your financial fitness.

Have you ever wanted to walk away from your job and never look back? At the age of 27, Rachel Richards quit her job and retired. She is now living off of $15,000 a month in passive income. In this episode, Rachel shares what pushed her to get into real-estate investing and how she did so with a small amount of money. Listen in as she explains the importance of diversifying your income so you have a steady stream coming in from multiple sources. If you want to achieve financial independence and income security, this is the episode for you. “I use the words 'retired' and 'financially independent' interchangeably. So it’s not that I am not working, you know. I still have a purpose, I still have things I am passionate about. Right now it’s just about working when, where, and if want.” - Rachel Richards This Week on Young Money: Why it is okay to say “no” sometimes. The importance of reading. How to get into real-estate with a small amount of money. Tips for diversifying your income. Key takeaways: Choose projects that are important to you.  Mental health comes first. Invest at a young age. Lower your interest rate. Connect with Rachel Richards: Website Instagram Facebook LinkedIn Resources Mentioned: Passive Income Starter Kit Money Honey by Rachel Richards Passive Income, Aggressive Retirement by Rachel Richards The War of Art by Steven Pressfield The Millionaire Fastlane by MJ DeMarco Rate, Share & Inspire Other Young Millionaires-in-the-Making  Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts. Don’t forget to share your favorite episodes on social media!  Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

Today 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 last few weeks together as she has also been at my parent's place in Nova Scotia so she can attend a figure skating camp. In her downtime from skating she has been making all of us beaded bracelets – some on spec and some custom. Any business with cash flow issues is at risk of closing within 90 days, and getting your pricing right is critical to avoiding this potential catastrophe. Listen in as I share the three steps to pricing your offering in a way that not only makes sense to your business, but to your customers as well. You'll also discover why planning is so important to any business and the one crucial cost that many business owners fail to include in their pricing. “Of the clients I work with, I would say that 80-85% of them are not pricing their offering in a profitable way.” - Tracey Bissett This Week on Young Money: What variable costs are and why they’re important to not only profit but company viability.  Why it’s critical to include the cost of your time in your pricing. Examples of the fixed costs you need to include in your pricing and how to allocate these across your offerings. The crucial step to pricing your offering once costs are calculated. How to price your product in comparison to other products on the market already. How to plan for start-up costs in a new business. Why planning is so important to any business start-up. Key takeaways: Follow the formula to accurately price your offering. Know your variable costs. Always include the cost of your time in your pricing. Don't jump into a business without a solid business plan that validates your idea first. Resources Mentioned: 12-Month Money Planner The Young Money Scholarship Fund The Young Money Scholarship Fund Education has the power to help you achieve your life goals and create a financial fortress. It takes money from many different sources to pay for it. The Young Money Scholarship Fund has been established to help post secondary students achieve their goals by removing some of the financial strain from the equation.  This fund is powered by Bissett Financial Fitness Inc. Scholarship awards start at $250 per student. Who can apply? Post secondary students studying in Canada, excluding Quebec residents Students who have helped others achieve their goals Students who have a plan for what they will do when they graduate Apply today or share with a post secondary student who should apply,  here! This episode is powered by the Cash Control Bootcamp: Has this episode inspired you about your business? To start a new venture or take yours to next level requires you to understand the cash flow cycle and how to manage the cash flow in your business. To help you learn those critical skills I have developed the Cash Control Bootcamp. The Cash Control Bootcamp is an introductory live, online group program that empowers entrepreneurs just like you to demystify your business finances and get control of your money so you can sleep better and provide the lifestyle you want for you and your family. The Cash Control Bootcamp - Know Your Numbers, Protect your Business and Grow for the Future, is for you. Register today here.    Rate, Share & Inspire Other Young Millionaires-in-the-Making  Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts.   Don’t forget to share your favorite episodes on social media!    Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

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 in uncertain times, but now is the time to make financially fit decisions to better your future! “Education has the power to help you achieve your life goals and create a financial fortress.” - Tracey Bissett This Week on Young Money: The importance of keeping track of your ”inflows” and “outflows.” How to make a long-term financial plan. Advice for managing surplus cash. Key takeaways: Control your spending. Keep track of what you earn. Stay focused. Resources Mentioned: EP151 Milli Moves: Financial Fitness Tips from Postsecondary Podcasters Paris Grant & Ryan Banfield EP152 Milli Moves: Scholarship Success with Shahab Rad, Centennial College Graduate EP153 Milli Moves: Financial Fitness Tips from Centennial College Students Ricardo Garcia and Janine Walters EP148 Celebrating the Launch of the Young Money Scholarship Fund EP133 How to be Financially Fit During A Global Pandemic EP135 How to Evaluate Your Financial Situation and Plan for Cash Control EP137 How to Manage & Negotiate With Creditors (People You Owe Money) EP139 Should You Be Financially Selfless During a Global Pandemic? EP141 Mindless Spending Through the Global Pandemic EP143 Milli Moves: How to Stop Being Judgy EP146 Milli Moves: How the Global Pandemic Saved Couples & Guests from Wedding Day Debt Young Money Scholarship Fund The Young Money Scholarship Fund Education has the power to help you achieve your life goals and create a financial fortress. It takes money from many different sources to pay for it. The Young Money Scholarship Fund has been established to help post secondary students achieve their goals by removing some of the financial strain from the equation.  This fund is powered by Bissett Financial Fitness Inc. Scholarship awards start at $250 per student. Who can apply? Post secondary students studying in Canada, excluding Quebec residents Students who have helped others achieve their goals Students who have a plan for what they will do when they graduate Apply today or share with a post secondary student who should apply,  here!   Rate, Share & Inspire Other Young Millionaires-in-the-Making  Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts. Don’t forget to share your favorite episodes on social media!  Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

Today we have Centennial graduates Ricardo Garcia and Janine Walters here to share their financial fitness tips. After growing up in Brazil and moving around a lot in his early years, Ricardo decided to pursue the “Canadian Dream” and is graduating with a Financial Services Degree. Janine is an experienced Funds Associate with a Bachelor’s Degree focused in Actuarial Science. In this episode, Ricardo shares what pushed him to start a career in finance and explains his drive to help others plan for their future. Janine describes the benefits of starting something that is completely your own and being your own boss. This is a great episode for anyone planning for their long-term goals, as you will learn the importance of starting small but aiming high! “I get great satisfaction from helping other people.” - Ricardo Garcia This Week on Young Money: The importance of planning for the future. Why you have to believe in yourself to achieve your goals. The benefit of having a tax-free savings account. Why we need to surround ourselves with people who build us up and have the same financial goals. Key takeaways: Pursue your dreams. Set big goals. Start small. Plan ahead. Invest in yourself. Resources Mentioned: Young Money Scholarship Fund Student Podcasts EP042 Best of Tips for Postsecondary Education EP113-Milli Moves: How to Pay for Postsecondary Education Before, During and After School with Suzanne Tyson Connect with Janine Walters: LinkedIn Connect with Ricardo Garcia: LinkedIn The Young Money Scholarship Fund Education has the power to help you achieve your life goals and create a financial fortress. It takes money from many different sources to pay for it. The Young Money Scholarship Fund has been established to help post secondary students achieve their goals by removing some of the financial strain from the equation.  This fund is powered by Bissett Financial Fitness Inc. Scholarship awards start at $250 per student. Who can apply? Post secondary students studying in Canada, excluding Quebec residents Students who have helped others achieve their goals Students who have a plan for what they will do when they graduate Apply today or share with a post secondary student who should apply,  here! Cash Control Bootcamp This episode is powered by the Cash Control Bootcamp: Has this episode inspired you about your business? To start a new venture or take yours to the next level requires you to understand the cash flow cycle and how to manage the cash flow in your business. To help you learn those critical skills I have developed the Cash Control Bootcamp. The Cash Control Bootcamp is an introductory live, online group program that empowers entrepreneurs just like you to demystify your business finances and get control of your money so you can sleep better and provide the lifestyle you want for you and your family. The Cash Control Bootcamp - Know Your Numbers, Protect your Business and Grow for the Future, is for you. Register today here.  Rate, Share & Inspire Other Young Millionaires-in-the-Making  Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts. Don’t forget to share your favorite episodes on social media!  Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

Today we have one of my former students, Shahab Rad, joining the show. Shahab recently graduated from the Finance Program at Centennial College with Honors. As a student, he worked in different industries including technology and educational services, and he is excited to start his career in investments. In this episode, Shahab shares the success he has experienced through hard work and the scholarships he was awarded. Listen in to hear his hopes for his financial future, what he plans to do in the coming years, and his biggest advice for students. “I strongly encourage all students to apply for scholarships and benefit from these funds.” - Shahab Rad This Week on Young Money: The importance of attending networking events. How a scholarship can help you. The long-term benefits of receiving a scholarship. Why it's crucial to show up. Key takeaways: Set goals. Network. Hard work pays off. Be you. Ask for help. Resources Mentioned: Young Money Scholarship Fund Student Podcasts EP042 Best of Tips for Postsecondary Education EP113-Milli Moves: How to Pay for Postsecondary Education Before, During and After School with Suzanne Tyson Connect with Shahab Rad: LinkedIn   The Young Money Scholarship Fund Education has the power to help you achieve your life goals and create a financial fortress. It takes money from many different sources to pay for it. The Young Money Scholarship Fund has been established to help post secondary students achieve their goals by removing some of the financial strain from the equation.  This fund is powered by Bissett Financial Fitness Inc. Scholarship awards start at $250 per student. Who can apply? Post secondary students studying in Canada, excluding Quebec residents Students who have helped others achieve their goals Students who have a plan for what they will do when they graduate Apply today or share with a post secondary student who should apply,  here!   Rate, Share & Inspire Other Young Millionaires-in-the-Making  Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts. Don’t forget to share your favorite episodes on social media!  Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

Paris Grant is a full-time student working in banking, as well as the host of the Millennial to Millionaire Podcast, which is dedicated to financial literacy for anyone in need. Ryan Banfield is currently a student at the University of Ottawa, pursuing a Joint Honours degree in Public Administration and Political Science.  Ryan is a journalist at The Fulcrum, University of Ottawa's English language student newspaper, and the host of the CivNews podcast. Today these two inspiring young gentlemen join the show to share their financial fitness tips and advice for you as they navigate their postsecondary careers. Listen in as Paris shares why being open, diligent, and consistent is key when planning for your future and finances. You will also learn the importance of believing in yourself and having a diverse online presence from Ryan. If you or someone you know is a young millionaire in the making, this is the episode for you.   “The amount of money you have doesn’t define you.” - Paris Grant This Week on Young Money: Why taking the time to decide what you want to go to University for is crucial. The importance of reminding yourself of your why. What is actually more admirable than simply being talented. Why you are never too young to start learning about your retirement funds. Key takeaways: Be open. Be consistent. Be diligent. Hard work beats talent. Have a diverse social media presence. Embrace new norms. Resources Mentioned: Cash Control Bootcamp Student Podcasts Young Money Scholarship Fund EP002 Out of the Mouths of Young Money Masters Connect with Paris Grant: LinkedIn Podcast Connect with Ryan Banfield: Website LinkedIn This episode is powered by the Cash Control Bootcamp: Has this episode inspired you about your business? To start a new venture or take yours to the next level requires you to understand the cash flow cycle and how to manage the cash flow in your business. To help you learn those critical skills I have developed the Cash Control Bootcamp. The Cash Control Bootcamp is an introductory live, online group program that empowers entrepreneurs just like you to demystify your business finances and get control of your money so you can sleep better and provide the lifestyle you want for you and your family. The Cash Control Bootcamp - Know Your Numbers, Protect your Business and Grow for the Future, is for you. Register today here.    The Young Money Scholarship Fund Education has the power to help you achieve your life goals and create a financial fortress. It takes money from many different sources to pay for it. The Young Money Scholarship Fund has been established to help post secondary students achieve their goals by removing some of the financial strain from the equation.  This fund is powered by Bissett Financial Fitness Inc. Scholarship awards start at $250 per student. Who can apply? Post secondary students studying in Canada, excluding Quebec residents Students who have helped others achieve their goals Students who have a plan for what they will do when they graduate Apply today or share with a post secondary student who should apply,  here!   Rate, Share & Inspire Other Young Millionaires-in-the-Making  Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts. Don’t forget to share your favorite episodes on social media!  Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

Do 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 to start new routines that will prepare your business for the future. “You need to have access to your numbers on a monthly basis.” - Tracey Bissett This Week on Young Money: The top business mistakes made by business owners. Why you need to keep business and personal finances separate. The importance of being responsible with your money. How to start new routines that will support your business in the future. Why you should be checking your finances once a month. Key takeaways: Keep up to date with your finances. Business and personal finances must remain separate. Review your finances. Learn from your mistakes. Resources Mentioned: Cash Control Bootcamp Student Podcasts This episode is powered by the Cash Control Bootcamp: Has this episode inspired you about your business? To start a new venture or take yours to the next level requires you to understand the cash flow cycle and how to manage the cash flow in your business. To help you learn those critical skills I have developed the Cash Control Bootcamp. The Cash Control Bootcamp is an introductory live, online group program that empowers entrepreneurs just like you to demystify your business finances and get control of your money so you can sleep better and provide the lifestyle you want for you and your family. The Cash Control Bootcamp - Know Your Numbers, Protect your Business and Grow for the Future, is for you. Register today here.    The Young Money Scholarship Fund Education has the power to help you achieve your life goals and create a financial fortress. It takes money from many different sources to pay for it. The Young Money Scholarship Fund has been established to help post secondary students achieve their goals by removing some of the financial strain from the equation.  This fund is powered by Bissett Financial Fitness Inc. Scholarship awards start at $250 per student. Who can apply? Post secondary students studying in Canada, excluding Quebec residents Students who have helped others achieve their goals Students who have a plan for what they will do when they graduate Apply today or share with a post secondary student who should apply,  here!   Rate, Share & Inspire Other Young Millionaires-in-the-Making  Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts. Don’t forget to share your favorite episodes on social media!  Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

Taz Rajan has been in the finance industry for 18 years and has her Adult Educator Certificate. She is the Community Engagement Partner at Bromwich+Smith Licensed Insolvency Trustees, where she gets to share her passion for simplifying complex financial concepts for her clients. Today she joins the show to discuss the importance of building long-lasting relationships and letting your inner light shine through. Listen in as Taz shares the changes she has seen in her business since the beginning of this pandemic, as well as how she thinks things will change moving forward. She creates an open and comfortable environment and facilitates discussion very well on a topic that is not easy to talk about. If you have experienced bankruptcy, or you are feeling alone in your financial decisions, this is the episode for you. “The biggest success factor that really has been the newest thing for me over the last 10 years is learning to let my own light shine.” - Taz Rajan This Week on Young Money: The importance of opening up the conversation around money with your family.  How to build long-lasting relationships and trust with your clients. What bankruptcy truly means and how to move past it. The positive things that have come from this pandemic. Why it's key to get help for your finances. The biggest mistake Taz wants you to avoid. Key takeaways: Teach your children about money. Be confident. You are not alone. There is life after bankruptcy. Get help when needed. Resources Mentioned: Cash Control Bootcamp Bromwich+Smith Events This episode is powered by the Cash Control Bootcamp: Are you inspired about your business? To start a new venture or take yours to the next level requires you to understand the cash flow cycle and how to manage the cash flow in your business. To help you learn those critical skills I have developed the Cash Control Bootcamp. The Cash Control Bootcamp is an introductory live, online group program that empowers entrepreneurs just like you to demystify your business finances and get control of your money so you can sleep better and provide the lifestyle you want for you and your family. The Cash Control Bootcamp - Know Your Numbers, Protect your Business and Grow for the Future, is for you. Register today here.  Connect with Taz Rajan: Website Blog Facebook Instagram LinkedIn YouTube The Young Money Scholarship Fund Education has the power to help you achieve your life goals and create a financial fortress. It takes money from many different sources to pay for it. The Young Money Scholarship Fund has been established to help post secondary students achieve their goals by removing some of the financial strain from the equation.  This fund is powered by Bissett Financial Fitness Inc. Scholarship awards start at $250 per student. So who is the Young Money Scholarship Fund for: Post secondary students studying in Canada Students that know it is important to help others achieve their goals Students who have a plan for what they will do when they graduate Apply today or share with a post secondary student who should apply,  here! Rate, Share & Inspire Other Young Millionaires-in-the-Making  Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts. Don’t forget to share your favorite episodes on social media!  Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

In 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. Tune in to learn who this fund is meant for and what you need to do to put yourself in the running. “I know firsthand the power that education can bring to help you achieve your life’s goals.” - Tracey Bissett This Week on Young Money: My vision and mission behind providing financial literacy and aid. Who the Young Money Scholarship Fund is for. The requirements for earning the scholarship. Why understanding finances is a fundamental life skill. Key takeaways: Education is key when it comes to achieving life goals. It's important to make money make sense. Take steps to further your financial fitness. Resources Mentioned: Young Money Scholarship Fund What Every Student Needs To Know About Money… Centennial College School of Business Cash Control Bootcamp  12-Month Money Planner  Set up a financial fitness event This episode is powered by the Cash Control Bootcamp: Feeling inspired you about your business? To start a new venture or take yours to the next level requires you to understand the cash flow cycle and how to manage the cash flow in your business. To help you learn those critical skills I have developed the Cash Control Bootcamp. The Cash Control Bootcamp is an introductory live, online group program that empowers entrepreneurs just like you to demystify your business finances and get control of your money so you can sleep better and provide the lifestyle you want for you and your family. The Cash Control Bootcamp - Know Your Numbers, Protect your Business and Grow for the Future, is for you. Register today here.  Rate, Share & Inspire Other Young Millionaires-in-the-Making  Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts. Don’t forget to share your favorite episodes on social media!  Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

Michelle Jackson helps clients sell what they already know through her course, Make Money with Ebooks, and blog, Michelle is Money Hungry. She focuses on educating older Millennial and GenX women on financial topics related to debt-repayment, relationships, and money, as well as general personal finance content. Today Michelle joins the show to share why she enjoys empowering people to earn more money and why wanting to earn more does not make you greedy. Listen in as she explains the importance of taking calculated risks so you can find what works for you and your business, a process she calls “doing it ugly.” You will learn how you can own a home, raise a family, and even go on vacation while still saving money. If you are wanting to change your money habits and attract more income, this is the episode for you. “It’s 100% okay to earn more because when you earn more, you can do more and you are empowering yourself to walk away from bad situations because you have the money to do so.” - Michelle Jackson This Week on Young Money: Why wanting to make more money does not make you greedy.  How spreading yourself too thin can hinder your productivity. How to change the way you think about money. The importance of prioritizing your health while paying off your debt. How you can still go on vacation while saving money. Why it's crucial to be kind to yourself and those around you. Key takeaways: Empower yourself with money. Focus on one thing. Take calculated risks. Set boundaries. Be bold. Resources Mentioned: Cash Control Bootcamp Make Money with Ebooks Course Michelle is Money Hungry Podcast This episode is powered by the Cash Control Bootcamp: Has this episode inspired you about your business? To start a new venture or take yours to the next level requires you to understand the cash flow cycle and how to manage the cash flow in your business. To help you learn those critical skills I have developed the Cash Control Bootcamp. The Cash Control Bootcamp is an introductory live, online group program that empowers entrepreneurs just like you to demystify your business finances and get control of your money so you can sleep better and provide the lifestyle you want for you and your family. The Cash Control Bootcamp - Know Your Numbers, Protect your Business and Grow for the Future, is for you. Register today here.  Connect with Michelle Jackson: Website LinkedIn Twitter Instagram Rate, Share & Inspire Other Young Millionaires-in-the-Making  Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts. Don’t forget to share your favorite episodes on social media!  Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

Throughout 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 financially after the wedding. If you start your married life on the right foundation and plan together to accomplish your life’s goals, you can have that happy ending you are searching for. “What I have observed during this pandemic is that people found new ways to connect.” - Tracey Bissett This Week on Young Money: Why you need to think about who is paying for your wedding. The importance of considering you and your partner's life goals. How much can you truly afford to spend? Why you should think about how you want to feel financially after the wedding. Should you and your partner be entering into a pre-nuptial arrangement? Key takeaways: The importance of not passing judgment on others.  Truly think about your financial goals. How to avoid wedding day debt. Resources Mentioned: Cash Control Bootcamp EP031 True Cost of Being a Wedding Guest EP015 I Love My Dog Rosie but She is Expensive! Find Out the Financial Realities of Having a Beloved Pet with Ellen Wright! EP027 What is a Mortgage Broker with Leanne Myles EP037 Cohabitate in a Financially Fit Way EP079 Burn Your Mortgage with Sean Cooper EP070 RRSP Withdrawal Programs EP062 What is Your Money Mindset? EP092 How to be In Love AND Financially Fit with Wendy Brookhouse This episode is powered by the Cash Control Bootcamp: Feeling inspired you about your business? To start a new venture or take yours to the next level requires you to understand the cash flow cycle and how to manage the cash flow in your business. To help you learn those critical skills I have developed the Cash Control Bootcamp. The Cash Control Bootcamp is an introductory live, online group program that empowers entrepreneurs just like you to demystify your business finances and get control of your money so you can sleep better and provide the lifestyle you want for you and your family. The Cash Control Bootcamp - Know Your Numbers, Protect your Business and Grow for the Future, is for you. Register today here.  Rate, Share & Inspire Other Young Millionaires-in-the-Making  Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts. Don’t forget to share your favorite episodes on social media!  Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

Being a woman in a male-dominated field comes with its own set of challenges, but Jodi Huettner believes it shouldn’t hold someone back. The Founder and CEO of Helga Wear Inc., Jodi has a background in engineering and helps companies across industries find more safety and more money with body-specific gear for tradeswomen and women in active and outdoor STEM positions. Listen in as Jodi shares how she turned her passion into a business and works to level the playing field for women in male-dominated industries. You will learn how Helga Wear is solving problems for both women and the companies they work for, why community is important as an entrepreneur, and so much more. “Women are not a scaled-down version of the male body dimension.” - Jodi Huettner This Week on Young Money: How Jodi’s passion led to her success. Why community is a big component to success. How mentors can make all the difference to a successful venture. Why it’s important to tap into resources as an entrepreneur. Jodi’s number one financial advice for entrepreneurs. What bootstrapping a business means and how to leverage it to your advantage. How to foster resilience as an entrepreneur. Key takeaways: Be passionate about what you do. Take advice from those who have come before you. Leverage your community. Don’t take no for an answer. Hustle hard to get what you want. Stay resilient. Resources Mentioned: SheEO This episode is powered by the Cash Control Bootcamp: Has this episode inspired you about your business? To start a new venture or take yours to the next level requires you to understand the cash flow cycle and how to manage the cash flow in your business. To help you learn those critical skills I have developed the Cash Control Bootcamp. The Cash Control Bootcamp is an introductory live, online group program that empowers entrepreneurs just like you to demystify your business finances and get control of your money so you can sleep better and provide the lifestyle you want for you and your family. The Cash Control Bootcamp - Know Your Numbers, Protect your Business and Grow for the Future, is for you. Register today here.  Connect with Jodi Huettner: Website LinkedIn Twitter Facebook Instagram Rate, Share & Inspire Other Young Millionaires-in-the-Making  Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts. Don’t forget to share your favorite episodes on social media!  Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

Great customer service and developing client relationships are the cornerstones of any successful business, according to the Principal of Bold Financial, David Boldovitch. A Toronto-based financial advisory firm, Bold Financial focuses on helping business owners and professionals plan for lifelong security. Today David joins the show to discuss insurance and why it is so important when it comes to protecting your family, as well as your wealth. Listen in as we talk in depth about several different types of insurance that you may want to consider for your family and/or your business. You will learn why it is never advisable to pay premiums with before-tax dollars, how to get affordable insurance, and more. “When it comes to insurance policies—any kind—I would encourage people to do some homework and get educated.” - David Boldovitch This Week on Young Money: The biggest misconceptions around insurance. The importance of critical thinking. How David ended up working in insurance. What insurance is and the purpose of it. The different kinds of insurance you may want to consider. Key takeaways: The benefit of insurance. How insurance can protect your family. The importance of doing your homework. Find someone you trust. Resources Mentioned: Cash Control Bootcamp This episode is powered by the Cash Control Bootcamp: Entrepreneurs: To start a new venture or take yours to next level requires you to understand the cash flow cycle and how to manage the cash flow in your business. To help you learn those critical skills I have developed the Cash Control Bootcamp. The Cash Control Bootcamp is an introductory live, online group program that empowers entrepreneurs just like you to demystify your business finances and get control of your money so you can sleep better and provide the lifestyle you want for you and your family. The Cash Control Bootcamp - Know Your Numbers, Protect your Business and Grow for the Future, is for you. Register today here. Take back control of your business today! Connect with David Boldovitch: LinkedIn Website Rate, Share & Inspire Other Young Millionaires-in-the-Making  Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts.   Don’t forget to share your favorite episodes on social media!    Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

Do 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 move from a place of negativity to positivity and empathy. We can all be our own worst critics and no one is perfect, so it is time to start being gentle with ourselves and others. “Be kind to yourself.” - Tracey Bissett This Week on Young Money: How the dictionary describes the word “judgment.” How quickly perspectives can change when it’s you. Why we must be open to new experiences. The importance of understanding the root cause of your judgment. Key takeaways: Notice when you are being judgmental. Put yourself in someone’s shoes. Practice gratitude and positive thinking. Open your mind. Be kind to yourself. This episode is powered by the Cash Control Bootcamp: Entrepreneurs: To start a new venture or take yours to next level requires you to understand the cash flow cycle and how to manage the cash flow in your business. To help you learn those critical skills I have developed the Cash Control Bootcamp. The Cash Control Bootcamp is an introductory live, online group program that empowers entrepreneurs just like you to demystify your business finances and get control of your money so you can sleep better and provide the lifestyle you want for you and your family. The Cash Control Bootcamp - Know Your Numbers, Protect your Business and Grow for the Future, is for you. Register today here. Take back control of your business today! Rate, Share & Inspire Other Young Millionaires-in-the-Making  Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts. Don’t forget to share your favorite episodes on social media!  Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

Darlene M. Rites is a family law lawyer experienced in the resolution of all family law matters with a focus on settlement. With significant experience litigating disputes involving custody, support, property, and child abduction, Darlene applies a practical and individualized approach to all her cases and focuses her unique skills on creating positive outcomes for her family law clients. She joins the show today to discuss what you should consider before moving in with your partner, as well as how to approach a conversation about a marriage contract. Listen in to learn why common-law relationships do not have the same rights as married spouses, the importance of open and honest conversations with your partner, and more. “Don’t assume you know something because it happened to a friend.” - Darlene M. Rites This Week on Young Money: The day-to-day life of a lawyer. How Darlene became so successful. Why she is teaching her child how to budget from a young age. Things to consider when moving in with your partner. How to approach a conversation about marriage contracts. The importance of open and honest conversations. Why common-law relationships do not have the same rights as married spouses. Key takeaways: The importance of a strong work ethic. What simple thing Darlene credits to helping her toward success. Why budgeting is crucial. When to consider a marriage contract. Why we can’t assume we know something just because it happened to a friend. Resources Mentioned: EP031 True Cost of Being a Wedding Guest EP037 Cohabitate in a Financially Fit Way EP080 Weddings on a Budget EP092 How to be In Love AND Financially Fit with Wendy Brookhouse   This episode is powered by the Cash Control Bootcamp: Entrepreneurs: To start a new venture or take yours to next level requires you to understand the cash flow cycle and how to manage the cash flow in your business. To help you learn those critical skills I have developed the Cash Control Bootcamp. The Cash Control Bootcamp is an introductory live, online group program that empowers entrepreneurs just like you to demystify your business finances and get control of your money so you can sleep better and provide the lifestyle you want for you and your family. The Cash Control Bootcamp - Know Your Numbers, Protect your Business and Grow for the Future, is for you. Register today here. Take back control of your business today! Connect with Darlene M. Rites: Website LinkedIn Rate, Share & Inspire Other Young Millionaires-in-the-Making  Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts.   Don’t forget to share your favorite episodes on social media!    Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

Are 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. Listen in as I share how you can avoid derailing your progress toward your goals by asking yourself one simple question before making any purchases. If you are prepared to start thinking of your future self instead of only thinking about what makes you happy now, this is the episode for you. “Think about your future self and what will be best for them versus what will make you happy in the moment.” - Tracey Bissett   This Week on Young Money: The ways you may be mindlessly spending. Why it's important to think of your future self. Whether debt levels are growing during the pandemic. The simple question you need to ask yourself before every purchase.   Key takeaways: Why you need to think of your future self. How to avoid mindless spending. The importance of agility.   Join Tracey Bissett for the Cash Control Bootcamp: Registration is now open for the Cash Control Bootcamp here. The Cash Control Bootcamp is an introductory live,  4 week online group program that empowers entrepreneurs just like you to demystify your business finances and get control of your money so you can sleep better and provide the lifestyle you want for you and your family. The Cash Control Bootcamp - Know Your Numbers, Protect your Business and Grow for the Future, is for you. Register here today!   Resources Mentioned: EP063 Money Mindfulness with Jessica Moorhouse EP128 Adulting 101: How to Get Out of Debt-No Matter What Got You Into It EP133 How to be Financially Fit During A Global Pandemic EP135 How to Evaluate Your Financial Situation and Plan for Cash Control EP137 How to Manage & Negotiate With Creditors (People You Owe Money) EP139 Should you be Financially Selfless During a Global Pandemic   Rate, Share & Inspire Other Young Millionaires-in-the-Making  Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts.   Don’t forget to share your favorite episodes on social media!    Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

Continuing in our Real Estate 101 series, we have a Home Inspector from Toronto on the show today. Starting out her career in the 1980s, Lisa Simkins did not follow a traditional path towards her life as a young professional woman. After graduating from the University of Waterloo, when the faculty’s department was still called “Man-Environment”, Lisa worked in the fields of Mennonite country as a Land Surveyor’s assistant, then trained at Seneca College for Commercial Diving, obtaining her Canada Oil and Gas Lands Category I Diving Certificate. In this episode, Lisa shares how her average day as a Home Inspector looks and the role a Home Inspector plays when purchasing a house. You will learn the different areas of a house to have inspected by a Home Inspector to ensure you are not buying property that has preexisting issues. If you have been considering purchasing a home but are unsure as to what you should be looking out for, this is the episode for you.   “You need a Home Inspector to understand what you’re buying.” - Lisa Simkins   This Week on Young Money: A typical day as a home inspector. Why home inspectors are important and who needs them. What to look for when hiring a home inspector. Misconceptions around home inspectors. The specific spaces in a house you should have looked at by a Home Inspector. Key takeaways: The importance of Home Inspectors.  Mistakes to avoid when hiring a Home Inspector. How to find a Home Inspector. Resources Mentioned: Superior Home Inspectors Connect with Lisa Simkins: Twitter LinkedIn Rate, Share & Inspire Other Young Millionaires-in-the-Making  Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts.   Don’t forget to share your favorite episodes on social media!    Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

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 unprecedented times, then you should absolutely not refrain from applying for government support. Listen in as I explain my simple answer to this common question—and if you qualify, please apply! “If you are struggling financially, it makes the decision very easy and people will—and should—apply” - Tracey Bissett   This Week on Young Money: How to survive and thrive during this pandemic. Whether you should be financially selfless during this time. How to join a complimentary webinar hosted by me.   Key takeaway: If you qualify—apply!   Resources Mentioned: EP128 Adulting 101: How to Get Out of Debt-No Matter What Got You Into It EP133 How to be Financially Fit During A Global Pandemic EP135 How to Evaluate Your Financial Situation and Plan for Cash Control EP137 How to Manage & Negotiate With Creditors (People You Owe Money) Cash Control Connect with Tracey Bissett: Twitter Rate, Share & Inspire Other Young Millionaires-in-the-Making  Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts.   Don’t forget to share your favorite episodes on social media!    Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

Alexandra Cote is a motivated realtor with an impressive work ethic, committed to reaching her clients’ real estate goals. Voted Best Real Estate Agent in Toronto for the last 4 years by the NOW Reader's Choice Awards, Alexandra is a consistent top producer in her industry. She joins the show today to discuss what we can expect to see in real estate as we power through these challenging and tumultuous times. In this episode, we discuss the changes real estate will see in the coming years, as well as the importance of consulting a realtor when purchasing or renting your first home. Listen in to learn which professionals you should include in your home buying transaction, the common expenses you may be unaware of in the home buying process, and more. “What I want is for that client, a year down the road, to be happy with the decision.” - Alexandra Cote This Week on Young Money: What we can expect to see in the real estate market coming out of these uncertain times How real estate is still moving forward through social distancing The importance of consulting a realtor when making your first home transaction Which professionals you should include in every home buying transaction The common expenses to be aware of in the home buying process Why it is not a good idea to try and purchase a home without a realtor Common misconceptions to avoid   Key takeaways: The role a realtor plays in home buying How to decide which property is right for you The importance of a real estate lawyer, home inspector, and mortgage broker How to budget properly for a home How to overcome the fear of home buying   Resources Mentioned: Parkdale Community Food Bank   Connect with Alexandra Cote: Website Instagram Linkedin   Rate, Share & Inspire Other Young Millionaires-in-the-Making  Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts.   Don’t forget to share your favorite episodes on social media!    Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

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 about a reduction? Today, I share a short, practical training on how to manage and negotiate with your creditors. I reveal the best way to approach the people you owe money to and how to structure your conversation. I share how contacting your creditors over the phone and the internet differs. I also highlight why it is vital to get any agreement in writing and check the implications to your credit score and overall cost of the debt. “Being proactive and honest with creditors and trying to make a plan is being responsible.” - Tracey Bissett This Week on Young Money: How to make a list of the people you owe money to Sorting your creditors into an order, starting with those that have the most significant impact on your cash flow Preparing your mindset and recognizing your motives before contacting creditors How to research and inform yourself about the options available, including contacting a professional and visiting creditor websites The online route versus the telephone route of speaking to the people you owe Why you shouldn't stop your momentum after your first success Why you must check for any implications linked to your negotiations, including your credit score and total cost of borrowing Three steps to managing and negotiating with creditors: Make a list of all creditors (people you owe money) Make the actual approach Get it in writing and other details Resources Mentioned: EP115: Shmoney Guide with Olga Kirshenbaum EP133 How to be Financially Fit During A Global Pandemic EP135 How to Evaluate Your Financial Situation and Plan for Cash Control Rate, Share & Inspire Other Young Millionaires-in-the-Making  Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts.   Don’t forget to share your favorite episodes on social media!    Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.  

Sanjana Kapur Bansal is the founder of Dream Energy Solutions, an independent energy broker that helps Ontario businesses make better energy decisions and lower their gas and electric spend. She is a certified business energy professional and licensed energy broker in the province of Ontario. Sanjana is an entrepreneur who is passionate about education and empowerment. She holds a Bachelor of Business Administration in International Business and Marketing from Stephen F. Austin State University and a Master's in Business Administration from the University of Texas at Tyler.   Sanjana joins me today to discuss the power of possibility and how to create your path to success. She reveals the traits that led to her success, including embracing challenges, learning from mistakes, working hard, and doing the research. Sanjana shares how questioning her parents about budgeting helped her develop the right mindset for running a business. She also stresses the importance of networking without trying to sell and building a community and tribe that you can trust. “Being an entrepreneur isn't just about following what you are passionate about but also being careful about the money aspect.” - Sanjana Kapur Bansal This Week on Young Money:   Embracing challenges, change, and education to find success What it’s like being an entrepreneur Growing up and learning about budgeting and financial planning  Seeing all business expenditure in terms of investment and return Doing your due diligence, researching the market, and following your passion The importance of networking, creating a community, and a tribe you can trust How to network the right way Why trying to sell is not the right approach to networking The power of learning from mistakes Key takeaways:   Focus on budgeting Be unique Network Learn from your mistakes Connect with Sanjana Kapur Bansal:   Dream Energy Solutions Sanjana Kapur Bansal on LinkedIn Dream Energy Solutions on Facebook Dream Energy Solutions on Instagram Dream Energy Solutions on Twitter Rate, Share & Inspire Other Young Millionaires-in-the-Making    Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts.   Don’t forget to share your favorite episodes on social media!    Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

As 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 into our ‘new norm.’ Everyone’s financial situations are different, so it is vital to take stock of where you are and make adjustments where needed to remain financially fit. Today, I share how to evaluate your financial situation and plan for cash control. I share the steps you need to take to evaluate your current financial situation and how to use your numbers to calculate your cash surplus or deficit. I reveal the ways that you can increase the inflow of your finances and the options that may be available to reduce your outflows, such as deferrals, cancellations, and interest rate reductions. I also share where you can find and apply for financial assistance packages from the government. “It is really important to focus on the reality and not worry about what might be the worst-case scenario.” - Tracey Bissett This Week on Young Money: Assessing your financial inflows from part-time or full-time employment and adjusting your expectations to account for wage fluctuations Assessing your financial outflows including accommodation costs, utilities, loans, insurance, cell phones, and groceries How to double-check your outflows using your online bank and credit card statements How to reduce your financial outflows during a prolonged period at home How to calculate your numbers to determine your cash shortfall or surplus Finding income opportunities to boost your cash flow Where to apply for government instituted assistance packages The financial outflows that may be eligible for deferral Four steps to evaluate your financial situation:   Inflows: How much money is coming in Outflows: How much money is going out Put it all together Make a plan for cash control Resources Mentioned:   EP057 Bankruptcy and Consumer Proposals 101 with Doug Hoyes EP069 How to be Financially Resilient with Jackie Porter EP081 Credit Canada Debt Solutions with Laurie Campbell EP128 Adulting 101: How to Get Out of Debt – No Matter What Got You Into It EP133 How to be Financially Fit During A Global Pandemic Canadian Government Financial Assistance Rate, Share & Inspire Other Young Millionaires-in-the-Making    Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts.   Don’t forget to share your favorite episodes on social media!    Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.  

Nunzio Presta is the CEO and founder of BizON, an online marketplace where thousands of people sell, buy, and grow business and franchises. Nunzio is a former professional hockey player and entrepreneur with extensive experience in identifying funding and building businesses. He is a mentor to small business owners and entrepreneurs, sharing his skills in leadership, marketing, product development, and strategy. Nunzio contributes to the digital resource, Thrive Global, sits on the board of directors for multiple startups, and is part of Startup Canada’s Entrepreneur Success Advisory Council.    Nunzio joins me today to share how to start, buy, and sell businesses. He shares how BizON helps people find existing companies and get into ownership. He reveals the mindset and skills that successful business owners possess along with tips and considerations for starting a business. He discusses what to look for when assessing a business and the importance of doing your due diligence. Nunzio also shares common missteps to avoid when starting or acquiring a business. “You don't have to start a business to own one. You can find an established business today that gives you purpose.” - Nunzio Presta This Week on Young Money:   Starting a marketplace and community where small businesses owners can list their business Getting into business ownership Traits of successful business owners including reliability, focus, curiosity, and energy The things Nunzio wished he knew earlier in his entrepreneurial journey Tips for starting a business and the importance of a good team What to look for when buying a business including self-sufficiency, timing and trends, and the business model Using professionals to do your due diligence  Missteps to avoid in the startup and business space Key takeaways:   Think about success as a journey Start with the right motivation Validate your idea Look at things through the lens of social, economic, and tech trends Be patient and think about the future Do your due diligence Resources Mentioned:   EP020 Business Financing Tips with Sharon Connolly, VP at BDC EP121 BDCs Sharon Connolly on Young Entrepreneurs & Newcomers to Canada   Connect with Nunzio Presta:   BizON BizON blog Nunzio Presta on Twitter Nunzio Presta on Facebook Nunzio Presta on LinkedIn BizON on LinkedIn BizON on Instagram BizON on Twitter BizON on Facebook BizON on YouTube Rate, Share & Inspire Other Young Millionaires-in-the-Making    Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts.   Don’t forget to share your favorite episodes on social media!    Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.  

The 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 actions and our reactions to what is happening. Today, I share how you can stay financially fit during a global pandemic. I share three tips for surviving this crisis, starting with staying calm and not making decisions based on your emotions. I discuss how you can assess your situation and the importance of acting now to get the assistance available, including the help offered by the government. I also share why it is helpful to talk to a financial advisor and stress the importance of communicating with those that you have financial ties with. “Historically, individuals who regularly invest in a diversified portfolio and stay invested for the long term have typically benefitted.” - Tracey Bissett This Week on Young Money: Remaining calm, knowing where you are, and recognizing that you are not alone Why you should not let emotions drive your investment buying and selling decisions Assessing your situation before deciding how to proceed Applying for government assistance packages Consulting professionals, financial planners, and advisors to understand your risk tolerance Communicating with those you are financially tied to   Key takeaways: Remain calm Assess the situation Consult a professional Communicate   Resources Mentioned: EP032 David Jenkins on Investing with TheAnswerIs EP033 Investing Basics EP038 Investor Spotlight Part 1 EP040 Investor Spotlight Part 2 EP069 How to be Financially Resilient with Jackie Porter EP128 Adulting 101: How to Get Out of Debt – No Matter What Got You Into It Rate, Share & Inspire Other Young Millionaires-in-the-Making    Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts.   Don’t forget to share your favorite episodes on social media!    Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

Julie Kuzmic is the Director of Consumer Advocacy at Equifax Canada. She is passionate about financial literacy and is a recognized authority on consumer credit. She often speaks on the credit lifecycle to consumers, clients, government, and industry groups and she is always testing out new metaphors to describe the nuances of credit scores. Julie joins me today to share how to protect yourself from fraud and how fraudsters can obtain your personal details and use it to apply for credit in your name. She reveals how many times you can check your credit report each year as a proactive fraud prevention step, why it’s vital to inform credit agencies if you fall victim to identity theft and the protective measures and alerts you can activate to authenticate credit requests in your name. Julie also discusses the pros and cons of using your passwords online over open Wi-Fi networks and with third parties.  “It is important to let both credit bureaus know if you are a victim of fraud.” - Julie Kuzmic   This Week on Young Money:   How fraudsters can use your identity and data to apply for credit in your name Checking your credit file for free to proactively check for fraud and identity theft How to put a warning and alert on your credit file if you have been a victim of a data breach Preventing fraud with a free “Identity Warning” from Equifax Fraud prevention tips and measures The vulnerabilities of open Wi-Fi networks The pros and cons of open banking services Liability negating clauses introduced by banks when you share your username and password with third-parties Key takeaways:   Protect yourself by keeping an eye on your credit report Set an alert if you fall victim to identity fraud Be wary of sharing your passwords Resources Mentioned:   EP129 Adulting 101: Equifax's Julie Kuzmic on What's a Credit Report & Should I Care? Connect with Julie Kuzmic:   Julie Kuzmic on LinkedIn Equifax Canada on LinkedIn Equifax Canada Equifax Canada on Twitter Julie Kuzmic on Twitter Rate, Share & Inspire Other Young Millionaires-in-the-Making    Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts.   Don’t forget to share your favorite episodes on social media!    Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

Erin Bury is the co-founder and CEO of Willful, an organization that allows Canadians to create a will online in less than 20 minutes. Before founding the online estate planning platform, Erin held leadership roles in Eighty-Eight, BetaKit, and Sprouter. She is one of Marketing Magazine’s Top 30 Under 30 and is a frequent speaker with Speakers’ Spotlight. Erin has appeared in publications such as CNN, Forbes, and The New York Times. She is a technology commentator on CTV News and writes a column for the Financial Post.    Erin joins me today to share why you need a will and a powers of attorney.  Erin highlights the traits she believes lead to success and the importance of focusing on networking and your personal brand. She reveals why it is vital to make a will and assign a powers of attorney and why you should create a document of your intentions, including intentions for your digital footprint and pets. Erin also shares why being young is the best time to take risks with your career and finances.  “If you pass away without a will, the government has a series of rules that govern how they distribute your stuff and it probably wouldn’t match what you want.” - Erin Bury This Week on Young Money:   Erin's passion for entrepreneurship and creating Willful Why you should focus on personal branding and networking to find success What estate planning is and why it is important The role of powers of attorney when you can’t make decisions for yourself How a will governs what happens once you pass away Why you should have a will and why anyone over 18 should have powers of attorney Creating a Google Doc to state your intentions for your digital footprint Keeping your will updated Why being young is the best time to take a career or financial risk Key takeaways:   Create an ‘If I die’ document  Make sure you write down specific requests Estate planning isn’t off the table because you are young Have a conversation with those that you appoint as your power of attorney and executor Resources Mentioned:   Tom Hanks Golden Globes speech Connect with Erin Bury:   Willful Willful on Facebook Willful on Twitter Willful on Instagram Erin Bury on Twitter Erin Bury on LinkedIn Rate, Share & Inspire Other Young Millionaires-in-the-Making    Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts.   Don’t forget to share your favorite episodes on social media!    Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

Young 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 risk of fraud and identity theft. I share the risks linked to our online activities and how fraudsters can take control of your cellphone and your credit.  I highlight tips on preventing fraud, including when to be cautious about sharing your information. I also share the details of the organizations you should contact if you lose your phone, wallet, or suspect you are being targeted by criminals. “You need to take good care of your personal information, whether it's electronic or on paper.” - Tracey Bissett This Week on Young Money:   Identity theft risks associated with our reliance on phones and online accounts How fraudsters can take control of your cellphone number Protecting your online information with strong passwords Securing and restricting access to physical information What cellphone port protection is Organizations you should report fraud to Using caution when disclosing personal information, using unsecured public networks, and responding to suspicious messages Resources Mentioned:   Fraud Prevention Centre Canadian Anti-Fraud Centre Government of Canada: Protection from frauds and scams Equifax Canada Transunion EP023 How to Protect Yourself from Fraud EP074 How to Protect Your Business from Fraud Get Your Young Money Questions ANSWERED!   Want to learn more about how you can protect yourself from fraud and how you can stay financially fit? Leave a voice message to get all of your Young Money questions answered.    Remember - there is no silly question when it comes to your financial fitness. Rate, Share & Inspire Other Young Millionaires-in-the-Making    Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts.   Don’t forget to share your favorite episodes on social media!    Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.  

Julie Kuzmic is the Director of Consumer Advocacy at Equifax Canada, a credit scoring and reporting organization. Julie is recognized as an authority on consumer credit and is passionate about financial literacy and creating metaphors to explain the nuances of credit scores. She is a speaker on the topic of credit lifecycle, speaking to consumers, clients, and industry groups.   Julie joins me today to share what a credit report is and why you should care about yours. She shares how credit information is collected and used and reveals which credit inquiries affect your score. Julie also shares the most important things you can do to improve your credit score and explains why having no credit history can be a problem when you apply for significant credit, such as a mortgage.  “Nobody is perfect. We all make mistakes - and that includes with our money and financial decisions.” - Julie Kuzmic This Week on Young Money:   How Equifax collects credit information to create your credit report and score How a genuine curiosity, taking a human approach, and tailoring the message has helped Julie find career success How small steps can help you move towards where you want to go The differences between soft inquiries and hard inquiries and how they impact your credit score The monthly information collected by credit bureaus The three-digit range of credit score numbers Why paying your bills on time is the most significant factor in calculating your credit score Why the number of times you apply for credit affects your score How no credit history can negatively impact your credit score How to build up your credit score Key takeaways:   Your sources of credit affect your credit score You can rebuild your credit score You can have modest debt, live within your means, and have a good credit score Do not base your self-worth on your net worth Resources Mentioned:   EP111 Milli Moves: Talk Money To Me with Kelley Keehn EP081 Credit Canada Debt Solutions with Laurie Campbell EP056 Back to Basics – The 5Cs of Credit EP007 How’s Your Financial Reputation aka Your Credit Score? Connect with Julie Kuzmic:   Julie Kuzmic on LinkedIn Equifax on LinkedIn Equifax Canada Equifax on Twitter Julie Kuzmic on Twitter Get Your Young Money Questions ANSWERED!   Want to learn more about your credit score and how you can stay financially fit? Leave a voice message to get all of your Young Money questions answered.    Remember - there is no silly question when it comes to your financial fitness. Rate, Share & Inspire Other Young Millionaires-in-the-Making    Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts.   Don’t forget to share your favorite episodes on social media!    Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.  

There 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 such as becoming a victim of fraud, losing your job, getting sick, or going through a divorce.   Today, I share strategies to get out of debt, no matter what got you into it. I discuss how to begin by creating a debt list and a budget to assess the funds you have available each month to repay your debt. I describe three debt repayment strategies that take different approaches, giving you a choice that aligns with your mindset and goals. I highlight when to seek professional help and the types of professionals that you can turn to. I also share why you should not be too hard on yourself and should expect a few ups and downs along your debt repayment journey. “Be kind to yourself throughout the debt repayment process. You will have ups and downs, and that is perfectly natural.” - Tracey Bissett This Week on Young Money:   Making a list of debts to assess the situation Reducing anxiety by confiding in someone you trust Creating a budget to determine what is available for debt repayment Three strategies to pay down your debt When to seek professional help from a credit counsellor or licensed insolvency trustee Being comfortable with the natural ups and downs of debt repayment The four steps to get you out of debt:   Assess the complete situation Talk to someone you trust Make a plan, including a budget and debt repayment strategy Be kind to yourself Resources Mentioned:   EP005 Biggest mistakes made when educating young adults about student debt EP023 How to Protect Yourself from Fraud EP037 Cohabitate in a Financially Fit Way EP044 Dangers of Payday Loans EP049 5 Questions to Answer Before Getting a Credit Card EP057 Bankruptcy and Consumer Proposals what does it mean with Doug Hoyes EP127 Sex & Money: Shining a Light on Human Trafficking Hoyes Michalos Bankruptcy Study Get Your Young Money Questions ANSWERED!   Want to learn more about ways to get out of debt and how you can stay financially fit? Leave a voice message to get all of your Young Money questions answered.    Remember - there is no silly question when it comes to your financial fitness. Rate, Share & Inspire Other Young Millionaires-in-the-Making    Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts.   Don’t forget to share your favorite episodes on social media!  Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

Rhonelle Bruder is an internationally recognized motivational speaker and a human rights advocate. She is the founder of the RISE Initiative, a community and platform dedicated to supporting, empowering, and inspiring vulnerable youth and trauma survivors. As a survivor of human trafficking, Rhonelle frequently speaks and writes on topics about overcoming adversity, building resilience, human rights, social equity, and mental health. She has been featured in several media publications, including CBC, Global News, The Agenda, and Toronto Star. In 2019, Rhonelle was awarded one of Canada’s Top 100 Black Women to Watch.   Ashley Franssen-Tingley is the Stakeholder Relations and Promotions Advisor at The Canadian Centre to End Human Trafficking, a national charity that aims to end all forms of human trafficking in Canada. Ashley is passionate about enhancing cross-sector collaborations to dismantle siloes, support partnerships, and develop anti-trafficking strategies with Canadian law enforcement agencies. Ashley has completed the International Visitor Leadership Program in Trafficking in Persons and holds a Bachelor of Arts degree with Honors in Psychology from York University.   Rhonelle and Ashley join me today to shine a light on human trafficking, in honor of Human Trafficking Awareness Day on February 22, 2020. Rhonelle shares the three areas covered under the human trafficking term and describes the targets and tactics that sex traffickers use on young women. Ashley shares the current situation of sex trafficking in Canada, the differences between human trafficking and human smuggling, and explains what coercive debt is. She also highlights the behavioral cues to watch for and how you can get involved in tackling this issue. We also discuss how you can help end human trafficking and where to find support and resources. “Lead with kindness, empathy, and compassion.” - Rhonelle Bruder This Week on Young Money:   What the umbrella-term of human trafficking covers Misconceptions of sex trafficking and who is vulnerable in Canada How traffickers target young women and the tactics they use The signs and indicators of human trafficking How to approach and help a vulnerable person Where to find resources and support The current situation of trafficking in Canada How sex trafficking is hiding in plain sight The differences between human smuggling and human trafficking What coercive debt is Behavioral clues to watch for The elevated risks to young Canadians How you can help end human trafficking Key takeaways:   Increase your awareness Get rid of misconceptions Get involved Connect with Rhonelle Bruder:   Rhonelle Bruder’s website Rhonelle Bruder on Facebook Rhonelle Bruder on Twitter Rhonelle Bruder on Instagram Rhonelle Bruder on LinkedIn Connect with Ashley Franssen-Tingley:   The Canadian Centre to End Human Trafficking Canadian Human Trafficking Hotline Canadian Human Trafficking Hotline Phone: 1-833-900-1010 Project Recover The Canadian Centre to End Human Trafficking on Facebook The Canadian Centre to End Human Trafficking on Twitter The Canadian Centre to End Human Trafficking on LinkedIn Ashley Franssen-Tingley on LinkedIn Rate, Share & Inspire Other Young Millionaires-in-the-Making    Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts.   Don’t forget to share your favorite episodes on social media!    Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.  

Love 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 to easing your financial fears, setting goals, and achieving your dreams. I highlight how to avoid money misunderstandings and the value of support and problem-solving together. I share how keeping secrets and not telling the truth will only lead to further stress and anxiety and encourage you to find support and assistance through financial professionals. “It becomes infinitely easier to solve problems when you have the support of the most important people in your life.” - Tracey Bissett This Week on Young Money:   Why it is important to communicate your financial feelings, goals, fears, and plans Avoiding financial misunderstandings The value of problem-solving together and finding support The importance of telling the truth and avoiding keeping secrets Why you should consider consulting with professionals for financial assistance The 3 keys to success:   Communicate Problem-solve together Tell the truth Resources Mentioned:   12-Month Money Planner - Coming Soon - Spring 2020 EP037 Cohabitate in a Financially Fit Way EP086 Are your financial demands hurting your family? EP092 How to be In Love AND Financially Fit with Wendy Brookhouse EP103 Are you a financial bully? EP123 3 Financial Fitness Lessons from Jennifer Lopez and Shakira Rate, Share & Inspire Other Young Millionaires-in-the-Making    Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts.   Don’t forget to share your favorite episodes on social media!    Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

Richard Moxley is the founder of The Credit Game, an organization helping Canadians improve and fix their credit scores. He is a best-selling author and recently published The Credit Game: Rules Every Canadian Must Know to Win. He began his career as a mortgage agent before transitioning to help people get out of debt. Richard is a sought-after professional speaker and has been featured in The Globe and Mail, CTV, Global TV, and CBC Market Report. He was the Financial Literacy Leader of the Year in 2015 and 2016 and studied finance and economics at Mount Royal University.   Richard joins me today to explain how you can win at the credit game - and have some fun along the way. He shares the basis for his recent book and highlights why it is vital to continue to learn about your finances. Richard shares why you should take responsibility for your credit report and how you can get a free copy of your credit file. He highlights the factors that affect your credit score, who might use your credit score, and why your score may fluctuate or change quickly. “The credit score itself is just a by-product of what is happening on your credit report.” - Richard Moxley This Week on Young Money:   The inspiration for writing The Credit Game Putting a focus on the action steps to take to always have good credit Why continued learning about finance is vital How Equifax and TransUnion create credit scores Why you should take responsibility and check your credit file How to get your credit report How active credit, credit limits, and keeping a balance/debt affect your score Who uses your credit report, including those you wouldn’t expect Why your credit score fluctuates or changes quickly Key takeaways:   Your credit score is just a by-product of what's happening on your credit report Try not to focus only on the number It is important to fix any errors on your credit report Know that it is your responsibility Your credit score moves and changes  Resources Mentioned:   Equifax TransUnion Connect with Richard Moxley:   The Credit Game The Credit Game: Rules Every Canadian Must Know To Win The Credit Game on Facebook The Credit Game on Instagram The Credit Game on Twitter The Credit Game on LinkedIn Rate, Share & Inspire Other Young Millionaires-in-the-Making    Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts.   Don’t forget to share your favorite episodes on social media!    Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

Ellen Roseman is a Consumer Advocacy and Personal Finance journalist who is passionate about standing up for ordinary Canadians and being a champion for consumers to fight back against consumer injustices. As a public speaker and author, she has presented keynote speeches and written multiple books on consumer injustice topics. Her latest book, Fight Back: 81 Ways to Help You Save Money and Protect Yourself from Corporate Trickery, shares money-saving tips and advice from leading consumer advocates in Canada. Additionally, Ellen is the co-chair of the investor advocacy group, FAIR Canada, and the co-host of the monthly Moneysaver podcast. She regularly teaches courses on personal finance and investing at the University of Toronto, School of Continuing Studies.   Ellen joins me today to share how to stick up for your consumer rights and leverage loyalty to negotiate better deals. She highlights the advantages of joining investing communities and clubs as well as resources for improving your financial acumen. She explains how to use social media to fight for your rights as a consumer and the difference amongst various investments. Ellen shares opportunities for young people to start investing and why she believes exchange-traded funds (ETFs) and robo-advisors are one of the best ways to start investing. “Consider every transaction as a negotiation transaction using your own loyalty.” - Ellen Roseman This Week on Young Money:   Investor communities on social media The advantages of low-cost investing The benefits of being a career specialist over a generalist How to use social media to fight for your consumer rights Why ETFs and robo-advisors are a great way to start investing The secret to creating wealth and dividend reinvestment (DRIP) Tips for consumers to save money through negotiating a better deal Financial tips for future entrepreneurs Why regular talks about money with your spouse are vital Why you should join or create a money-advice club Key takeaways:   Build up your investment knowledge Be a smart consumer and save money Don't be scared of money and open communication lines Resources Mentioned:   EP032 David Jenkins on Investing with TheAnswerIs EP076 Happy Go Money with Melissa Leong EP087 Canadian MoneySaver with Lana Sanichar Connect with Ellen Roseman:   Ellen Roseman’s website Email: ellen@ellenroseman.com Ellen Roseman on LinkedIn Ellen Roseman on Twitter Ellen Roseman on Instagram Ellen Roseman on Facebook Young Money Listener Contest!   I’d be so grateful if you could share news of Young Money on social media. For every share of the Young Money podcast that you tag me in on Instagram (@bissetfinfit), Twitter (@bissetfinfit), Facebook (@bissetfinfit) or Linked In (Tracey Bissett) you will be entered into a draw to win a fabulous prize to help you on your financial fitness journey. There will be multiple winners so share away! Contest closes on January 31st! Rate, Share & Inspire Other Young Millionaires-in-the-Making    Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts.   Don’t forget to share your favorite episodes on social media!    Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.  

Young 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 lessons I have learned from Jennifer Lopez and Shakira. I share how persistence, hard work, and long-term approaches helped Shakira and JLO ride out their failures and find success. I share how you can put small steps in place to reduce your debt and start saving. I highlight the need for you to be accountable for your finances and financial management. I also share why you need to set financial goals and put a plan in place to ensure you achieve them. “Small, steady positive actions related to savings or debt reduction ultimately lead us to financial success.” - Tracey Bissett This Week on Young Money:   Quick facts on Jennifer Lopez and Shakira The big failures and the big successes experienced by JLO and Shakira Using hard work, persistence, and a long-term approach to find success  Using small, positive actions to reduce debt and increase your savings Being accountable and taking an active role in your financial life Preparing for Canadian tax time The powerful messages of positivity and inclusion from JLO and Shakira  Taking time to set goals and plans to achieve them Three financial fitness lessons:   There are no shortcuts Be accountable The sky is the limit Resources Mentioned:   EP017 Super Bowl’s Musical Talent – Justin Timberlake & Lady Gaga EP067 5 Financial Lessons Learned from Maroon 5 EP090 3 Financial Fitness Lessons from Rihanna & Jay-Z EP101 How to Take Control of Your Financial Future like Taylor Swift Young Money Listener Contest!   I’d be so grateful if you could share news of Young Money on social media. For every share of the Young Money podcast that you tag me in on Instagram (@bissetfinfit), Twitter (@bissetfinfit), Facebook (@bissetfinfit) or Linked In (Tracey Bissett) you will be entered into a draw to win a fabulous prize to help you on your financial fitness journey. There will be multiple winners so share away! Contest closes on January 31st! Rate, Share & Inspire Other Young Millionaires-in-the-Making    Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts.   Don’t forget to share your favorite episodes on social media!    Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.  

Chris 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 share how to prepare for accessible post-secondary education. He reveals the resources available to students and how longer life expectancies make it more likely that you will work in several careers. He shares how to approach conversations around educational choices with your family. He also shares the options and availability of scholarships for first and subsequent degrees. “As a 17 or 18-year-old, you want to be doing whatever you are doing for yourself.” - Chris Wilkins This Week on Young Money:   How SchoolFinder, ScholarshipsCanada, and StudyinCanada help students with educational and career choices When students should start planning for post secondary education How longer life expectancies set the stage for multiple careers How to manage family discussions on educational decisions Financial success strategies  How to find and apply for scholarships Scholarships for bachelor, subsequent and master degrees Non-academic based scholarships  Key takeaways:   Make your own decisions but include family. Focus on your passion. Be prepared. Scholarships are not just for first-year students. Resources Mentioned:   EP048 Increasing Access to Post Secondary Education with Shelley Clayton EP104 AI Career Transitions with Brian Lenahan EP113 Milli Moves: How to Pay for Postsecondary Education Before, During and After School with Suzanne Tyson Connect with Chris Wilkins:   SchoolFinder Group SchoolFinder ScholarshipsCanada StudyinCanada Chris Wilkins on LinkedIn Young Money Listener Contest!   I’d be so grateful if you could share news of Young Money on social media. For every share of the Young Money podcast that you tag me in on Instagram (@bissetfinfit), Twitter (@bissetfinfit), Facebook (@bissetfinfit) or Linked In (Tracey Bissett) you will be entered into a draw to win a fabulous prize to help you on your financial fitness journey. There will be multiple winners so share away! Contest closes on January 31st! Rate, Share & Inspire Other Young Millionaires-in-the-Making    Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts.   Don’t forget to share your favorite episodes on social media!    Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.  

Sharon Connolly is the Vice President of the Newcomer Entrepreneur Success Team (NEST) at Business Development Bank of Canada (BDC), a bank that is solely devoted to entrepreneurs. She is passionate about leading teams to offer the best solutions to clients and has worked in the real estate financing and commercial lending sector for more than 20 years. As the NEST team leader, she helps newcomer entrepreneurs to overcome systemic barriers and accelerate their businesses. Sharon holds a BBA from the University of Prince Edward Island and an MBA from the Schulich School of Business at York University.   Sharon joins me today to share how young entrepreneurs and newcomers are becoming prevalent in the face of entrepreneurship in Canada. She highlights how BDC supports entrepreneurs with resources and advice. She reveals the ways entrepreneurs can relieve stress and build their skill sets. Sharon also shares two elements that are fundamental to finding success and the support available for women entrepreneurs. “The key for entrepreneurs is to work through their stresses by talking to somebody or finding an outlet.” - Sharon Connolly This Week on Young Money:   BDC's offers of term debt financing solutions, advisory services, and access to non-traditional financing How entrepreneurship is on the rise and the stressors facing entrepreneurs Four groups that are starting businesses at a higher rate than ever before Three ways entrepreneurs can relieve their stress Building skill sets through training, networking, e-learning, and working with a business coach How the NEST team helps newcomers understand Canadian business culture, networking, and language skills How planning and tapping into resources are the keys to success Key takeaways:   Entrepreneurship is back on the rise Entrepreneurs are passionate about what their businesses are about Entrepreneurs need to release their stress There are many resources out there Resources Mentioned:   BDC Study: A Nation of Entrepreneurs Futurpreneur Financial Management Game EP020 Business Financing Tips with Sharon Connolly, VP at BDC Connect with Sharon Connolly:   Business Development Bank of Canada Sharon Connolly on LinkedIn BDC on LinkedIn BDC on Facebook BDC on Twitter BDC on Instagram Young Money Listener Contest!   I’d be so grateful if you could share news of Young Money on social media. For every share of the Young Money podcast that you tag me in on Instagram (@bissetfinfit), Twitter (@bissetfinfit), Facebook (@bissetfinfit) or Linked In (Tracey Bissett) you will be entered into a draw to win a fabulous prize to help you on your financial fitness journey. There will be multiple winners so share away! Contest closes on January 31st! Rate, Share & Inspire Other Young Millionaires-in-the-Making    Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts.   Don’t forget to share your favorite episodes on social media!    Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

Arlen 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 leaders at the university through the Sprott Ambassador Program, Sprott Accounting Students Association (SASA) and Sprott Information Systems Students Association (SISSA). Blake is passionate about working in the accounting field and has over a year of experience in public accounting. Arlen and Blake join me today to share their financial fitness tips.  Arlen shares why networking and finding mentors is essential for preparing yourself for finding work. He discusses starting a small business while being a student and why writing your ideas down is a significant first step in bringing them to fruition. Blake reveals how networking and being part of the community has helped him during his education. He also encourages students to never settle for where they are now and to show determination to meet their goals. “Be proactive with your career. Get out there and network, network, and network.” - Arlen Bondoc This Week on Young Money:   Why you shouldn't go it alone and the value of mentors Being proactive with your career and networking How to learn social skills while being a student Starting a small business and website community Writing down your ideas and figuring out how to make them a reality Finding the confidence to get a job and concerns over student debt Taking advantage of incentive programs and compound interest Why you need to network and be involved in your community Being determined, focusing on goals, and never settling for where you are now Key takeaways:   Follow your passion Be proactive and network Write down your ideas and figure out how to make them happen Be goal-driven Connect with Arlen Bondoc:   Made Men HQ Made Men HQ in LinkedIn Arlen Bondoc on LinkedIn Connect with Blake LeClair:   Blake LeClair on LinkedIn Young Money Listener Contest!   I’d be so grateful if you could share news of Young Money on social media. For every share of the Young Money podcast that you tag me in on Instagram (@bissetfinfit), Twitter (@bissetfinfit), Facebook (@bissetfinfit) or Linked In (Tracey Bissett) you will be entered into a draw to win a fabulous prize to help you on your financial fitness journey. There will be multiple winners so share away! Contest closes on January 31st! Rate, Share & Inspire Other Young Millionaires-in-the-Making    Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts.   Don’t forget to share your favorite episodes on social media!    Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

Barry 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 doing your research and due diligence when making travel plans. He explains how you can earn rewards by using travel credit cards and loyalty programs, how to save for your trip, and how to create a budget. He also shares the travel mistakes to avoid and the most popular destinations for Canadian travel enthusiasts. “It's not about being as cheap as possible with your travel; it's about being smart with your dollars and time.” - Barry Choi This Week on Young Money:   The importance of doing your due diligence and taking charge of your finances How to make smart choices with your travel dollars and time Earning points with travel credit cards or loyalty programs The most popular travel destinations for Canadians The importance of researching multiple destinations The biggest mistakes travelers typically make What you should be spending your travel dollars on How to save for travel and create a travel budget Key takeaways:   Be smart with your dollars and time Use credit cards and loyalty programs to your advantage Research more than one destination Don't be too cheap Travel isn't as expensive as you think Resources Mentioned:   EP049 5 Questions to Answer Before Getting a Credit Card EP056 Back to Basics – The 5Cs of Credit Connect with Barry Choi:   Money We Have Money We Have on Facebook Barry Choi on Twitter Barry Choi on LinkedIn Barry Choi on Instagram Young Money Listener Contest!   I’d be so grateful if you could share news of Young Money on social media. For every share of the Young Money podcast that you tag me in on Instagram (@bissetfinfit), Twitter (@bissetfinfit), Facebook (@bissetfinfit) or Linked In (Tracey Bissett) you will be entered into a draw to win a fabulous prize to help you on your financial fitness journey. There will be multiple winners so share away! Contest closes on January 31st! Rate, Share & Inspire Other Young Millionaires-in-the-Making    Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts.   Don’t forget to share your favorite episodes on social media!    Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

Understanding 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 story from learning about the value of money as a child to hustling to make money and recognizing the four elements of successful selling. I highlight the importance of grasping opportunities that come your way and highlighting the value of continuing your education throughout your career. I also share some of the resources I provide, including the 12-Month Money Planner for Young Millionaires. “Understanding financial matters is a fundamental life skill.” - Tracey Bissett This Week on Young Money:   How I learned the value of money as a child The four pillars of the money-making formula The opportunities I had at Junior Achievement Canada Studying Commerce at Queen's University The value of continued education Working with young adults and entrepreneurs Five ways to work with me in 2020:   Continue to listen to the Young Money podcast, and share your feedback Get your copy of the 12-Month Money Planner for Young Millionaires Invite me to speak to groups of young adults, entrepreneurs, and young adult entrepreneurs Check out my financial fitness packages for entrepreneurs and business owners Participate in my live and online financial coaching courses Resources Mentioned:   Junior Achievement Canada 12-Month Money Planner for Young Millionaires Young Money Listener Contest!   I’d be so grateful if you could share news of Young Money on social media. For every share of the Young Money podcast that you tag me in on Instagram (@bissetfinfit), Twitter (@bissetfinfit), Facebook (@bissetfinfit) or Linked In (Tracey Bissett) you will be entered into a draw to win a fabulous prize to help you on your financial fitness journey. There will be multiple winners so share away! Contest closes on January 31st! Rate, Share & Inspire Other Young Millionaires-in-the-Making    Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts.   Don’t forget to share your favorite episodes on social media!    Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.