EP185 Why Financial Fitness Requires Persistence and Resilience
Young Money with Tracey Bissett
Release Date: 03/16/2021
Young Money with Tracey Bissett
As Financial Literacy Month continues, we're diving into the crucial but often overlooked role of insurance for young Canadians. Today we're joined by Jessica Baker, Executive Vice President of Retail Wealth at Co-operators, a trusted, Canadian-owned company providing insurance and financial services since 1945. Listen in as Jessica explains how insurance isn't just about protecting possessions—it's about safeguarding your financial future. She busts common myths, like the idea that insurance is too expensive or unnecessary for healthy young people, and offers valuable insight that could...
info_outline EP331 Financial Literacy Month with FCACYoung Money with Tracey Bissett
In this Financial Literacy Month special of Young Money, we're joined by Rana Abu-Naameh, Director General of Supervision at the Financial Consumer Agency of Canada (FCAC). With her extensive background in public service and financial oversight, Rana sheds light on how FCAC protects consumer rights and enhances financial literacy across Canada. Listen in as Rana dives into the critical aspects of FCAC’s mandate, focusing particularly on the streamlined consumer complaint handling process. She explains the steps consumers should take if they have grievances with financial products or...
info_outline EP330 Small Business Path to Impact with Pouya Zangeneh, ScotiabankYoung Money with Tracey Bissett
As we celebrate Small Business Month in Canada, I'm delighted to speak with Pouya Zangeneh, the Senior Vice President of Small Business Banking at Scotiabank. With over a decade of experience in the financial services industry, Pouya shares his insights from Scotiabank's recent report, "Path to Impact 2024: Navigating the Future Succession and Success in the Digital Era." Listen in as Pouya discusses the trends impacting small businesses, including the imminent 'succession tsunami' where many business owners plan to transition their businesses in the next decade. He explores the importance of...
info_outline EP329 Canadian Holiday Spending Outlook with PwCYoung Money with Tracey Bissett
In this episode, I’m joined by Elisa Swern, a national retail and consumer leader and partner at PwC Canada. With over 25 years of experience in the retail and consumer goods sectors, Elisa brings her extensive expertise to discuss the findings of PwC's Canadian Holiday Outlook Survey for 2024. Listen in as Elisa dives into the expected increase in consumer spending this holiday season, despite economic challenges. She also highlights the spending behaviors across different generations and provinces and shares insights into the growing importance of sustainability in consumer choices. You'll...
info_outline EP328 More Than A Number with Meridian Credit UnionYoung Money with Tracey Bissett
Are you feeling overwhelmed by rising living costs and seeking better financial guidance? In this episode, we sit down with Shawn Kauth, Vice President of Wealth at Meridian Credit Union, who brings nearly three decades of experience in the financial industry. Shawn discusses the results of Meridian's 'More Than a Number' survey, revealing critical perspectives on financial insecurity among Canadians. Listen in as Shawn addresses the concerns different demographics face, including the anxiety experienced by Gen Z and the challenges women face regarding long-term financial futures. You will...
info_outline EP327 Student Loan Repayment Explored with NerdWallet CanadaYoung Money with Tracey Bissett
Are you or someone you know dealing with student loans or getting ready to navigate the world of repayment? In this episode, I sit down with Clay Jarvis, NerdWallet Canada’s mortgage and real estate expert, to discuss essential strategies for managing student loans and making smart financial decisions. We'll dive into practical advice for students just starting their loan repayments, adjusting payments to fit your financial situation, and what to do if you’re struggling to make payments. Clay also highlights the importance of budgeting and why parents should have financial conversations...
info_outline EP326 NerdWallet's Guide to the Costs of Fertility TreatmentsYoung Money with Tracey Bissett
Have you ever wondered about the true costs of fertility treatment in Canada? In today's episode, we sit down with Shannon Terrell, a lead writer and spokesperson for NerdWallet, to explore the financial realities many Canadians face when seeking fertility treatments. With one in six Canadian couples experiencing infertility, understanding the costs and financial options available is crucial. Shannon shares insights from a guide she developed, offering a comprehensive look at the various methods of fertility treatments and their associated costs. Listen in as we discuss where Canadians can...
info_outline EP325 Spotlight on V.I.L. Landscaping founder Charlie KerriganYoung Money with Tracey Bissett
In this episode, I’m joined by Charlie Kerrigan, the founder of V.I.L Landscaping and host of The Hard Lessons Podcast. Starting his business in 2016 with just a push mower, Charlie has grown V.I.L Landscaping into a thriving enterprise and aims to become one of the top landscaping companies in Canada. Listen in as Charlie shares his journey, from being a young entrepreneur knocking on doors to running a company with multiple locations and a dedicated team. He emphasizes the importance of surrounding yourself with mentors, the necessity of cash flow management, and building a strong team...
info_outline EP324 Advice to My Younger Self with Martha IbrahimYoung Money with Tracey Bissett
In this episode, I’m joined by Martha Ibrahim, a certified accountant with 13 years of experience in capital markets regulation and a champion of financial inclusion projects in Nigeria. Martha shares her journey and the inspiration behind her book, Things I Wish I Knew Before I Got My First Job, which highlights the seven keys to personal finance, personal growth, and self-leadership. Listen in as she offers invaluable advice on the importance of personal finance, the necessity of multiple streams of income, and the four essential skills everyone should develop. You'll learn about the...
info_outline EP323 Financially Supporting Aging ParentsYoung Money with Tracey Bissett
As Canadians grapple with the financial and emotional aspects of supporting aging parents, we sit down with Clay Jarvis, a mortgage and real estate expert from NerdWallet Canada. This episode dives into NerdWallet’’s recent aging parent survey, conducted by the Harris Poll, revealing that nearly one-third of Canadians are either assisting or plan to assist their parents financially. Listen in as Clay provides expert advice on initiating conversations about finances with aging parents, addressing sensitive topics such as estate planning and end-of-life care. He emphasizes the importance of...
info_outlineWe are all experiencing the same stormy waters of the pandemic, but we're all in different boats. Every personal and business situation is different, and there is no one-size-fits-all advice. Remember that you are not alone, and there is support to help you when you need it. Today I want to share a story of a recent project I had with my team that we almost gave up on—but then bounced back with each challenge and persevered until it worked out.
Listen in as I explain the importance of being resilient when things don’t go to plan and remaining persistent until everything gets resolved. The same applies to your financial situation. Start wherever you are and take consistent, forward action until you reach your goals—and then set new goals and work towards those. If you have been feeling uncertain about your finances as of late, this is the episode for you.
“So what did we do while frustrated, inconvenienced, and tired? We pushed through, clarified our communication, asked question after question, and were able to resolve everything.” - Tracey Bissett
This Week on Young Money:
- How my team and I recently had to push through tough times.
- The importance of persevering.
- Why financial fitness is not for the faint of heart.
- How to build those muscles of resilience and persistence.
Key takeaways:
- Ask for help when you need it.
- Don’t give up on your goals.
- Be resilient.
- You are not alone.
Resources Mentioned:
- EP023 How to Protect Yourself from Fraud
- EP044 Dangers of Payday Loans
- EP045 Stop Feeling Broke with Shannon Lee Simmons
- EP049 5 Questions to Answer Before Getting a Credit Card
- EP066 Living Debt-Free with Shannon Lee Simmons
- EP074 How to Protect Your Business from Fraud
- EP057 Bankruptcy and Consumer Proposals what does it mean with Doug Hoyes
- EP128 Adulting 101: How to Get Out of Debt - No Matter What Got You Into It
- EP132 How to Protect Yourself from Fraud with Julie Kuzmic of Equifax
- EP137 How to Manage & Negotiate With Creditors (People You Owe Money)
- EP149 Adulting 101: How to Deal with Overwhelming Debt Levels with Taz Rajan, Bromwich + Smith
- EP161 Why an Abundance Mindset and Kindness are Key to Financial Fitness
Join us for the Financial Foundation to Entrepreneurial Peace Training
Learn the Keys to Financial Basics & Money Mastery
Starting March 22. Register below!
With Money Coach Tracey Bissett
This LIVE 5 Day training has been specifically designed for future and existing entrepreneurs across all industries online and offline who want to proactively change the way they are handling their money matters and navigate the current environment with success.
If you want to make informed, powerful money decisions, you do not want to miss this important LIVE training.
Register Now: bizpeace.com
In this LIVE 5 Day Training You Will Learn:
Day 1: Cash Flow 101 & why it is important to know your #s (Key #1)
Monday, March 22 at 11am EST
Day 2: Cash Flow forecasting 101 (Key #2)
Tuesday, March 23 at 11am EST
Day 3: Pricing 101 (Key #3)
Wednesday, March 24 at 11am EST
Day 4: Stakeholder Conversations (Key #4)
Thursday, March 25 at 11am EST
Day 5: Putting into Practice your Full Set of Keys
Friday, March 26 at 11am EST
Register Now: bizpeace.com
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