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EP062 What is your Money Mindset?

Young Money with Tracey Bissett

Release Date: 12/25/2018

EP262 Taking Control of Our Money with Kelley Keehn show art EP262 Taking Control of Our Money with Kelley Keehn

Young Money with Tracey Bissett

Kelley Keehn believes everyone has money problems. That’s as true for millionaires as it is for people who spend years trying to pay off their student debt. However, these last few years have been especially challenging for everyone. With the pandemic and the current state of the economy, it can be difficult to know what to do to secure your finances. So, in this episode, Kelley will be joining the show to share her tips for navigating these uncertain times. Listen in as Kelley explains the importance of reviewing your spending so you know where your money is going and why it is...

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Young Money with Tracey Bissett

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Young Money with Tracey Bissett

As a talent management thought partner and results coach, Lisa Mitchell helps talent leaders embed programs that drive results and elevate organizational culture. Today she joins the show to discuss her experience with financial literacy, including the challenges she has faced financially over the years and her best advice for others hoping to better their financial fitness. Listen in as Lisa describes the importance of investing, paying off your debt, and changing your scarcity mindset. You will learn the benefit of learning how business works, what compound interest is, and what scale is....

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EP260 Banking for Newcomers to Canada with Tracy Gomes, SVP Scotiabank show art EP260 Banking for Newcomers to Canada with Tracy Gomes, SVP Scotiabank

Young Money with Tracey Bissett

Throughout the pandemic, immigration plateaued in Canada. However, as we continue to rebuild after the last few years, we have seen a huge influx of newcomers. To better understand the experiences of newcomers and the unique challenges they face as they begin their lives in Canada, Scotiabank conducted interviews with some of these newcomers. In this episode, Tracy Gomes, SVP Retail Customer Value at Scotiabank, will be sharing what they learned from this research and sharing her advice for anyone hoping to improve their banking skills as they live in Canada. Listen in as Tracy describes the...

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EP259 Young and Profiting with Hala Taha show art EP259 Young and Profiting with Hala Taha

Young Money with Tracey Bissett

Hala Taha is the host of the Young and Profiting (YAP) Podcast, frequently ranked as a #1 education podcast across all apps. Hala is also the founder and CEO of YAP Media, a social media and podcast marketing agency for podcasters, celebrities, and CEOs. In this episode, she joins the show to share her advice for those looking to start their own successful businesses through gaining experience, talent stacking, and finding confidence in their strengths. Listen in as Hala gives her tips for investing and why she believes you should invest instead of compiling your money into a savings account....

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Young Money with Tracey Bissett

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EP257 Entrepreneurship Spotlight with Jowana and Melisa show art EP257 Entrepreneurship Spotlight with Jowana and Melisa

Young Money with Tracey Bissett

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EP256 Tips to Combat Inflation show art EP256 Tips to Combat Inflation

Young Money with Tracey Bissett

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Young Money with Tracey Bissett

In the fast-paced, over-worked society that we live in, setting aside time for rest throughout the day is becoming crucial for mental health. However, it is tricky to find a comfortable spot to take a snooze. This is where Plufl comes in. Inspired by the classic dog bed, the Plufl is designed to alleviate stress and anxiety by providing a space to recharge. Noah Silverman and Yuki Kinoshita, Co-Founders of Plufl, will be joining the show to share their advice for other young entrepreneurs, including their secrets to success. Listen in as they describe the importance of not having debt and how...

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Young Money with Tracey Bissett

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People think about money in different ways. Our relationship, interpretation, and interaction with money play a significant role in our money mindset. Your views on money might have been created during childhood, but the people that you are closest to can also affect the way that you feel about it.

So, how do you change the way you think and feel about money? How do you shift your thoughts from a “scarcity” point of view to a mindset based on abundance and gratitude?

Today, I explain what ‘money mindset’ is and share the two primary mindsets most people have regarding money and finances. I explain how your mindset around money impacts your daily financial decisions and ability to achieve your financial goals and explain the difference between a scarcity mindset versus an abundance mindset. I also share how you can assess your money mindset through personal reflection and discuss ways that you can manage your relationship with money through a series of strategies designed to change your money mindset.



“Your life is meant to be lived consciously and joyfully - and a big part of that is being able to manage your relationship with money.” - Tracey Bissett



This Week on Young Money:

 

  • How to interact with and think about money, and is it good or bad?
  • What is a money mindset?
  • How the scarcity money mindset looks, feels, and impacts your life.
  • What it means to have an abundance mindset regarding money.
  • Strategies you can use to change your money mindset.
  • How to determine if your money mindset is based on scarcity or abundance.
  • The importance of knowing your worth.
  • How forgiving your financial past impacts your money mindset.
  • The importance of changing the “money story” you tell yourself.


Strategies to Create a Money Mindset of Abundance:

 

  1. Practice gratitude.
  2. Carefully select the company you keep.
  3. Create space.


Resources Mentioned:

 





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