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EP07 How's Your Financial Reputation aka Your Credit Score?

Young Money with Tracey Bissett

Release Date: 12/12/2017

EP212 Milli Moves: Purchasing Pro Tips show art EP212 Milli Moves: Purchasing Pro Tips

Young Money with Tracey Bissett

Deciding on a purchase can be harder than it seems. As a society, we are bombarded with choices and advertisements are everywhere fighting for our attention. People go about the buying process in many different ways, from researching everything to making a split-second decision on what to spend their hard-earned dollars on. So, in this episode, I am going to walk you through my purchasing pro tips to give you confidence the next time you are thinking about making a purchase. Listen in as I share the importance of contemplating whether you actually need an item before you spend money on it and...

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EP211 Milli Moves: How to Maximize your Employee Benefits show art EP211 Milli Moves: How to Maximize your Employee Benefits

Young Money with Tracey Bissett

Today I’m going to be sharing how to maximize your employee benefits package. You’ve heard me talk about the importance of reading through legal agreements before, and the same is true when it comes to this area. Read everything related to your benefits, make notes, ask questions, and ask for a guide. To help you understand the important parts to be looking at, I’m going to break down the benefits into two groups: money for you and money savings for you. Listen in as I explain what an Employee Stock Plan is, as well as why you should always take advantage of employee matching through...

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EP210 Maximize Your Earning Potential using LinkedIn with Sabita Singh show art EP210 Maximize Your Earning Potential using LinkedIn with Sabita Singh

Young Money with Tracey Bissett

Sabita Singh is the President of Trivetta Consulting Inc, which she formed in 2018. After recognizing the power of LinkedIn, Sabita specialized in becoming a strategic LinkedIn coach, trainer and speaker. She is now known for writing all-star LinkedIn profiles for her clients to improve their visibility. Today she joins the show to discuss how to build an ACTIVE presence on LinkedIn to attract new career and business opportunities. Listen in as Sabita shares the importance of staying in contact with your network regardless of how busy you may be with your career. You will learn the...

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EP209 Secrets to Scholarship Success show art EP209 Secrets to Scholarship Success

Young Money with Tracey Bissett

I am passionate about helping young millionaires in the making accomplish their goals by becoming financially fit, and a key part of this equation is education. Unfortunately, paying for school can be stressful, but it is possible for you to reduce the financial burden with scholarships. So why not make use of other people’s money? In today’s episode, I am going to share secrets to scholarship success to make it easier for you to secure scholarships. Listen in as I explain the benefit of taking the time to apply for a scholarship—even if you are not in serious financial need or there are...

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EP208 What Are YOU Doing To Increase Your Financial Fitness? show art EP208 What Are YOU Doing To Increase Your Financial Fitness?

Young Money with Tracey Bissett

We are all in different places in our financial fitness journey. Similar to physical fitness, we could be taking our first step off the couch to walk around the block, or we could be further along and training for a marathon. It is the same when we talk about financial fitness—we could be simply learning about credit cards, or we could be learning to become sophisticated investors. So, in this episode,  I want to go back to basics and talk about financial literacy, specifically what you are doing to advance yours.  Listen in as I explain what financial literacy and financial...

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EP207 Financial Fitness Round Up from Millionaires in the Making show art EP207 Financial Fitness Round Up from Millionaires in the Making

Young Money with Tracey Bissett

We have been fortunate to have so many amazing guests on the show over the years, sharing their stories and knowledge with us. From children as young as seven to young adults making waves in the investment space, these millionaires in the making have so much wisdom to give. So, in this episode, I want to provide you with some of my favorite clips from several of these incredible young folks. Listen in to hear what inspired and motivated these young investors to begin investing, as well as the lessons they have learned throughout their journey. You'll learn about the strategies they use to...

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EP206 Milli Moves: 3 Financial Fitness Lessons from the 2021 Olympics show art EP206 Milli Moves: 3 Financial Fitness Lessons from the 2021 Olympics

Young Money with Tracey Bissett

The 2021 Tokyo Olympics have been unlike any we have had before. Delayed by a year due to the pandemic, and with COVID-19 restrictions in place resulting in health precautions and limited attendance, this year's Games have offered many lessons and takeaways that can be applied to financial fitness, and I'm excited to share those with you today. Listen in as I discuss the importance of consistency when growing your wealth and knowledge around finances, as well as the benefit of taking calculated risks with your money. You'll learn why you should never be afraid to ask questions, why consistent...

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EP205 Student Perspectives on School, Internships and Financial Fitness with Connor Craig show art EP205 Student Perspectives on School, Internships and Financial Fitness with Connor Craig

Young Money with Tracey Bissett

Connor Craig joins the show today to share his perspective on post-secondary education life, internships and what he’s been learning about financial literacy. He’s in the Business Management and Organizational Studies program at Western University, and is doubling up with internships at both Capital Markets and with me at Bissett Financial Fitness. In this episode, he discusses everything from work ethic and perseverance to the important lessons he learned in the last year or so. Listen in to hear why Connor decided to pursue business and gain insight into consumer behavior. He shares how...

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EP204 From Bankruptcy to Business Owner with Ean Price Murphy show art EP204 From Bankruptcy to Business Owner with Ean Price Murphy

Young Money with Tracey Bissett

Ean Price Murphy founded Moxie Bookkeeping & Coaching Inc to work with creative businesses and nonprofits - companies who are usually deeply engaged with their work but frequently not comfortable with numbers. In this episode, Ean joins the show to discuss her journey from bankruptcy to successful business owner, as well as the lessons she learned along the way. Listen in as she explains the importance of being resilient and persistent in finding information regarding financial literacy. You will learn the importance of asking the right people the right questions, how to take the mystery...

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EP203 Financial Impacts of Anti-Black Racism in Canada with Jackie Porter show art EP203 Financial Impacts of Anti-Black Racism in Canada with Jackie Porter

Young Money with Tracey Bissett

Jackie Porter is an awarding-winning certified financial planner, best-selling author, and featured speaker who has helped thousands of clients grow their net worth, build a fortress around their finances, and keep more of their cash in their pockets. In this episode, Jackie joins the show to talk about Anti-Black racism in Canada and its adverse economic and social effects on Black Canadians. Listen in as Jackie explains her experience growing up without knowing about the value of money, as well as the moment that changed her life in regards to this. You will learn what financial racism is,...

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Knowing and understanding your credit score is critical to being financially fit. Your credit score is a determining factor for many things in your life - from buying a new car and opening a credit card account to purchasing a new home and even getting a job. Many young adults today don’t understand what their credit score means or how the financial decisions they make impact it. On today’s episode, I’m going to explain what your credit score is and why it’s important to periodically check your credit report and address any issues that may arise. I’ll also explain how to check your credit report, how often you should check it, and why your credit history matters.  

“Just like you take care with your personal reputation, it is equally or more important to take care of your financial reputation.” - Tracey Bissett

This Week on Young Money:
  • Understanding what a credit report is
  • How lenders and creditors use your credit score
  • What’s considered good credit, fair credit, and bad credit
  • Actions that affect your credit score
  • The benefits of having good credit
  • Who can see and use your credit report
  • Types of information included in your credit report
  • How monitoring your credit report can help you spot errors and signs of identity theft
  • Understanding the codes associated with your credit report
  • How often you should check your credit report
  • How to get a free credit report
  Resources Mentioned:      

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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!   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.