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EP121 BDCs Sharon Connolly on Young Entrepreneurs & Newcomers to Canada

Young Money with Tracey Bissett

Release Date: 01/21/2020

EP246 Love, Money and Divorce with Eva Sachs show art EP246 Love, Money and Divorce with Eva Sachs

Young Money with Tracey Bissett

Eva Sachs is a Certified Financial Planner, Chartered Financial Divorce Specialist, and Certified Divorce Financial Analyst who is a recognized expert in financial planning in divorce. She is also an author and a team member at Love and Money, a resource for modern marriage contracts that helps protect the romance by taking care of the finance. In this episode, Eva shares the things that everyone should be considering as they’re entering in a relationship, including the critical conversations they need to have with their partner and tips to protect themselves financially. She also discusses...

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EP245 Young Money Listener Appreciation	 show art EP245 Young Money Listener Appreciation

Young Money with Tracey Bissett

Financial fitness (aka financial literacy) is a fundamental life skill.  It's not about knowing everything - it's about taking those small imperfect actions that increase your foundation of financial knowledge so you can navigate your life, personally and professionally, with confidence. To me that means being comfortable asking questions, following up if you don’t understand something, being kind to yourself when you make a mistake, and approaching things from a mindset of abundance. In this episode, I want to celebrate you. Together we have created 245 episodes, are listened to in...

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EP244 Financial Curiosity with Elke Rubach show art EP244 Financial Curiosity with Elke Rubach

Young Money with Tracey Bissett

Everyone experiences their own set of issues, and while they’re not all related to finances, eliminating financial issues can provide more clarity in other areas of your life. No one knows this better than our guest today, Elke Rubach. Elke is a sought-after speaker on wealth management, estate planning, and philanthropy, as well as the founder of Rubach Wealth. In this episode, she will be sharing her practice’s unique holistic approach to helping her clients with their needs. Listen in as she explains the importance of having financial independence as soon as you can and the benefit of...

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EP243 Money Myths show art EP243 Money Myths

Young Money with Tracey Bissett

We often tell ourselves stories to excuse the wrong-doings that we allow to happen in our finances. These limiting beliefs that we have, or excuses we create, can end up hurting our financial situation long-term if we don’t shift our mindset. So, how can we avoid falling into these traps? In this episode, I will be sharing the most common money myths that I see and explaining what you can do if you believe any of them to be true. Listen in as I explain why you don't have to be good at math in order to take care of your finances and why even the smallest of steps taken towards educating...

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EP242 Home Maintenance 101 show art EP242 Home Maintenance 101

Young Money with Tracey Bissett

This time of year, spring cleaning is in full force, and it's a great time to be thinking about home maintenance. Now, I'm not talking about property taxes, utilities, and all of the regular bills that come with owning a home. I am speaking specifically about the costs to keep our homes in good working order. In this episode, I'll be sharing several things I did to maintain my home recently to hopefully inspire you to make a list of your own maintenance items. Listen in as I explain the costs involved in my home maintenance, as well as why it is essential that you have your dryer vents and...

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EP241 Are You Ready for Prosperity? show art EP241 Are You Ready for Prosperity?

Young Money with Tracey Bissett

We all have different motivators for wanting money. For some, it's the freedom to have the things they truly want; for others, it's not having to worry about paying bills or the ability to donate to charities. Our views around money form at a young age, and it is this money mindset that then carries out the way we perceive and desire money throughout the remainder of our lives. So, in this episode, I am going to discuss two main mindsets surrounding money—scarcity and abundance—explaining how to change your mindset so that you are ready to reach the level of prosperity you want in life....

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EP240 Financial Cost of Pet Ownership show art EP240 Financial Cost of Pet Ownership

Young Money with Tracey Bissett

Many animal lovers will readily agree that dogs offer more than just companionship; having a dog enriches your life in so many ways. However, this enrichment does come with a cost. If you’re a long-time listener, you know that I have two golden retrievers, and in this episode, I thought I would break down the various costs that come with owning a pet so you can make your decision about adopting one based on financial facts versus the desire for a companion. Listen in as I explain the vet bills I have had to pay over the last few years, as Rosie has faced numerous illnesses. You will learn...

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EP239 The Money Master with Sandy Yong show art EP239 The Money Master with Sandy Yong

Young Money with Tracey Bissett

Sandy Yong is a self-directed investor who successfully generated a 6-figure investment portfolio and owns several rental properties. As a keynote speaker, she teaches female millennials how to invest in the stock market and real estate. In this episode, Sandy joins the show to discuss the importance of taking control of your finances, as well as tips on how you can get started today. Listen in as she shares advice from her award-winning book, The Money Master, and explains the importance of diversifying your income. You will learn how to differentiate between your wants and your needs, how to...

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EP238 Get Your Mindset and Money Right with Zandile Chiwanza show art EP238 Get Your Mindset and Money Right with Zandile Chiwanza

Young Money with Tracey Bissett

Zandile Chiwanza is a self-proclaimed “budget warrior” and personal finance journalist. Although Zandile is committed to empowering newcomers to Canada with the tools they need to make sound financial decisions, her overarching message is for everyone: No matter your circumstances, financial wealth and wellness are attainable for everyone. In this episode, she joins the show to discuss the connection between money and mental health. Listen in as Zandile explains why she does not believe in “good” or “bad” debt, as well as the importance of talking to a professional when you’re...

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EP237 Fun with Fraudsters show art EP237 Fun with Fraudsters

Young Money with Tracey Bissett

As we continue to celebrate Fraud Prevention Month in Canada, it’s important to remember that we should be aware of scammers all year long. I recently spoke with one of my friends, Bonnie, who shared some of her recent interactions with fraudsters and how she switched things around to have the joke on them. So, in this episode, I wanted to share some of these stories with you. Although all fraud should be taken seriously, these are some fun ways that the tables can be turned. To give you some background on Bonnie, she has had a long career in financial services in the areas of audit, risk...

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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:

 

  1. Entrepreneurship is back on the rise
  2. Entrepreneurs are passionate about what their businesses are about
  3. Entrepreneurs need to release their stress
  4. There are many resources out there



Resources Mentioned:

 



Connect with Sharon Connolly:

 




Young Money Listener Contest!

 

Id 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!




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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 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.

 

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