EP292 Navigating Financial Firsts and Spending Shifts with Interac
Young Money with Tracey Bissett
Release Date: 06/20/2023
Young Money with Tracey Bissett
Today we're celebrating Young Money’s incredible journey. Together, we’ve created 334 episodes, reached listeners in over 40 countries, and surpassed 360,000 downloads! It’s been a privilege to inspire financial fitness through fun, educational content and host amazing guests who’ve shared their insights to help you navigate your financial journey. As I reflect on this milestone, I’m sharing the lessons I’ve learned, the hurdles I’ve overcome (like losing access to Apple Podcasts!), and the community that made it all possible. From loyal listeners to supportive colleagues and...
info_outline EP333 Financial Fitness Lessons Learned in NashvilleYoung Money with Tracey Bissett
In this episode I’m wrapping up Financial Literacy Month with a musical twist, drawing inspiration from a recent trip to Nashville, Tennessee. Known as a prime bachelorette destination and the heart of country music, Nashville also provided valuable financial fitness lessons applicable to everyone, especially young entrepreneurs and those at the start of their financial journey. Listen in as I share personal stories and insights from my travels, exploring the parallels between the vibrant life of Nashville's music scene and practical financial strategies. You'll learn about the importance of...
info_outline EP332 What Finfluencers Overlook with Co-operatorsYoung 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_outlineWill Keliehor, Chief Commercial Officer at Interac, joins the show to discuss the findings of a recent survey that examines how Generation Z approaches their finances and navigates financial firsts amidst current economic conditions. Gen Z is more likely to feel stressed, anxious, and overwhelmed compared to other generations, with 52% believing they will have to work harder for money. However, the survey also reveals that nearly seven in ten Gen Z individuals want to improve their relationship with money. In this episode, Will shares insights on how Interac and Conscious Economics are addressing the emotional barriers faced by Gen Z through financial therapy education, emphasizing the importance of both financial and emotional support.
Listen in as we discuss practical advice, such as tracking spending, setting priorities, and utilizing available tools, to help Gen Z feel more in control of their finances and create a supportive community. By providing a clear focus on Gen Z's financial challenges, emotions, and aspirations, this episode offers valuable insights for both Gen Z individuals and those seeking to understand and support this generation's unique financial journey.
“Use debit. Track your spending. Set your financial priorities. Set your budget and take money out for your savings to fund whatever you’re trying to fund in the future." - Will Keliehor
This Week on Young Money:
- Why Gen Z are navigating firsts in finances that older generations never had.
- How Gen Z is approaching their finances.
- Why Gen Z is more likely to feel stressed and overwhelmed.
- What sets this generation apart when it comes to financial matters.
- How we can help Gen Z feel more in control of their finances.
- The importance of having the right support around you.
- What to focus on when managing your money.
Key takeaways:
- Find emotional support.
- Take charge of your financial well-being.
- Create a supportive community.
- Utilize the tools available.
- Track your spending.
Connect with William Keliehor:
Resources Mentioned:
- Mindfulness & Money
- EP249 Control Money Movements with Interac
- EP184 Credit Canada Debt Solutions with Keith Emery
- EP224 Get the Hell Out of Debt with Erin Skye Kelly
- EP269 Tips for Tackling Debt Part 1
- EP270 Tips for Tackling Debt Part 2
- EP290 Affordability and Debt Management with BDO
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!
Follow 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.