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EP058 Invest in Your Financial Well-Being - Financial Literacy Month 2018

Young Money with Tracey Bissett

Release Date: 11/20/2018

EP322 Fifth Annual Worry Poll Results with Scotiabank show art EP322 Fifth Annual Worry Poll Results with Scotiabank

Young Money with Tracey Bissett

Are Canadians' financial concerns keeping them up at night? In this episode, we're joined by Kingsley Chak, Senior Vice President at Scotiabank, to delve into the anxieties and hopes shaping the financial landscape in Canada today, as revealed by the fifth annual Worry Poll. This discussion sheds light on the pressing financial issues that Canadians face—from spending concerns to debt management—and highlights the proactive measures being adopted, particularly by the youth, to forge a path toward financial stability. "You're not alone. What you're thinking, what you're feeling—a lot of...

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EP321 TikTok Credit Card Tips Reviewed by NerdWallet Canada show art EP321 TikTok Credit Card Tips Reviewed by NerdWallet Canada

Young Money with Tracey Bissett

Today we're diving into the untapped world of financial wisdom on TikTok as Shannon Terrell, lead writer at NerdWallet Canada, shares the truths and myths surrounding popular financial advice. Shannon sheds light on crucial financial insights shaping the digital landscape, from purchase protection to the mysteries of credit card skimmer scams. With Canadians increasingly relying on TikTok for financial advice, this episode offers tips to navigate the complexities of credit cards and personal finance. Listen in to hear about the nuances of credit utilization ratios, the intricacies of credit...

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EP320 Financial Fitness Lessons from Super Bowl LVIII show art EP320 Financial Fitness Lessons from Super Bowl LVIII

Young Money with Tracey Bissett

What can Super Bowl LVIII teach us about financial fitness? In this episode, I dive into wisdom we can take away from the year's biggest game and explore how stars like Taylor Swift and Usher, along with the athletes’ inspiring stories, reveal crucial financial strategies. Listen in as I analyze the perseverance and disciplined approaches of NFL players and entertainers, showing how their journeys mirror essential financial principles. You'll hear actionable insights for achieving financial wellness and learn the significance of dedication to long-term goals and resilience. "In the same way...

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EP319 Loud Budgeting show art EP319 Loud Budgeting

Young Money with Tracey Bissett

Are you ready to challenge the norms of personal finance with the bold trend of loud budgeting? In this episode, I explore this trend, which encourages openly declaring and adhering to your financial goals. Spearheaded by Lukas Battle on social media, this movement marks a departure from quiet luxury, advocating for courageous, value-driven financial decisions. I’ll delve into how this approach not only curbs impulse spending, but also adapts effectively to the current economic landscape. Listen in as I revisit themes of financial openness from previous episodes, highlighting how discussing...

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EP318 Bissett Financial Fitness Framework show art EP318 Bissett Financial Fitness Framework

Young Money with Tracey Bissett

As we step into the new year, it's the perfect time to get motivated and inspired about our financial fitness. In this episode, I draw parallels between physical and financial fitness, illustrating how both exist on a spectrum from beginners to experts. Dive into the three key elements of the Bissett Financial Fitness Framework: cash flow, savings, and debt management. Just like physical fitness—where cardio, strength training, and lifestyle choices play crucial roles—these financial elements are essential for a balanced and healthy financial life. Whether you're just starting to learn...

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EP317 Lessons Learned in 2023; 2024 Predictions & Tips show art EP317 Lessons Learned in 2023; 2024 Predictions & Tips

Young Money with Tracey Bissett

As we bid farewell to 2023 and welcome 2024, it's time to reflect on the past year's financial lessons and look ahead with optimism and preparedness. In this episode, I’m diving into the significant financial events of 2023, from soaring interest rates to the challenges of inflation and job cuts, and how they've shaped our financial behaviors. Join me as I celebrate Young Money's milestones (including crossing 350,000 downloads!), explore the personal and professional achievements of the year, and discuss the importance of community support and personal health in our financial journeys. I...

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EP316 How to Practice Gratitude in Challenging Times show art EP316 How to Practice Gratitude in Challenging Times

Young Money with Tracey Bissett

What are you grateful for? Reflecting on this question is the first step toward integrating gratitude into your life. Whether through mindful observation, expressions of thanks, or keeping a gratitude journal, the possibilities are endless. In this episode, I will be going over several ways to practice gratitude when you may not be feeling so grateful. Incorporating gratitude into your daily routine doesn't require extensive time; even a few minutes each day can significantly impact you. As we explore the power of gratitude, remember that expressing thanks for your financial fitness is equally...

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EP315 How to Protect Yourself Online with TELUS show art EP315 How to Protect Yourself Online with TELUS

Young Money with Tracey Bissett

Are you aware of the risks lurking in the digital world—especially during the holiday season? In this episode, we're joined by Leigh Tynan, Director of TELUS Online Security, to discuss the importance of cyber safety and how to protect your identity and finances online. Listen in as Leigh shares her insights on the increasing prevalence of online fraud and identity theft in Canada. We delve into the specific risks Canadians face during the holidays and the best practices for safe online shopping. Leigh also walks us through the three phases of dealing with online fraud and offers practical...

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EP314 Celebrating 6 Years of Young Money show art EP314 Celebrating 6 Years of Young Money

Young Money with Tracey Bissett

Six years, 314 episodes, a global audience across 40 countries, and over 350,000 downloads—join me in celebrating the incredible journey we've had on the Young Money podcast. With educational and entertaining content from all of our inspiring guests, I hope this show has guided you on your financial fitness journey. Listen in as I reflect on the past and share how my personal experiences and newfound perspectives will shape the future of Young Money. From addressing current issues to sharing listener stories and exploring the impact of biases on financial fitness, I plan for the next chapter...

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EP313 Canadian Holiday Spending Outlook with Myles Gooding, PwC show art EP313 Canadian Holiday Spending Outlook with Myles Gooding, PwC

Young Money with Tracey Bissett

How are Canadians navigating the holiday season amidst economic challenges and evolving retail landscapes? In this episode of Young Money, I’m joined by Myles Gooding, PwC Canada's National Consumer Markets Leader, to explore the Canadian Holiday Outlook Survey's findings.  Listen as we dive deep into the spending behaviors of different generations and examine how cutting-edge retail technologies like AI, AR, and the metaverse are revolutionizing the way we shop. Myles also offers a wealth of insights into the current trends shaping Canadian consumer habits, as well as why Canadians are...

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More Episodes

Many people struggle to deal with financial planning and debt, leading to high levels of stress and anxiety. Struggling with your finances can affect all parts of your life, and it can be hard to reach your life goals when you are dealing with such a burden.  If financial planning or debt is affecting you, then you are not alone. Canadians have more debt than ever before, and half of all Canadians couldn’t meet their financial obligations if their paycheck were delayed by even one week.

 

November is Financial Literacy Month in Canada. On today’s episode, I discuss how The Financial Consumer Agency of Canada(FCAC) is raising awareness and educating people so that they can increase their financial acumen. I share my thoughts on the fundamental life skill that you need and how creating an effective financial plan can help you get out of debt. I also reveal how you can begin to invest in your financial well-being, make a budget, and start a savings plan.

 

“When you understand what’s important to do, how you are doing it, and how to move ahead - you can tackle anything.” - Tracey Bissett


This Week on Young Money:

 

  • What it means to invest in your financial well-being.
  • Creating a plan to pay off your debt.
  • How to make informed financial decisions.
  • Why you should start good habits early.
  • How to take control of your finances.
  • What having a plan to reduce your debt means.
  • My financial values and what motivated me to make money.
  • Strategies I used to make money at an early age.


How to take control of your finances:

 

  1. Invest in your financial well-being and have control over your week to week and month to month finances.
  2. Have a plan to pay off debt.
  3. Make informed decisions.
  4. Start good habits early - seize the day.
  5. Take control of your finances - be courageous and take that first step.


Resources Mentioned:

 



Get Your Young Money Questions ANSWERED!

 

Want to get all of your Young Money questions answered?  Leave a voice message here and start your journey to invest in your financial well-being this FLM2018.

Remember - there is no silly question when it comes to your financial fitness.


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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 iTunes and leave us a rating and review. Don’t forget to share your favorite episodes on social media!

 

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