Canadian Holiday Spending Outlook with Myles Gooding, PwC
Young Money with Tracey Bissett
How are Canadians navigating the holiday season amidst economic challenges and evolving retail landscapes? In this episode of Young Money, I’m joined by Myles Gooding, PwC Canada's National Consumer Markets Leader, to explore the Canadian Holiday Outlook Survey's findings. Listen as we dive deep into the spending behaviors of different generations and examine how cutting-edge retail technologies like AI, AR, and the metaverse are revolutionizing the way we shop. Myles also offers a wealth of insights into the current trends shaping Canadian consumer habits, as well as why Canadians are...
info_outline
EP312 Check Up On Your Financial Health
Young Money with Tracey Bissett
Are you equipped to handle the complexities of managing debt and navigating financial emergencies? In this episode, I dive into the crucial aspects of financial health, focusing on debt management and emergency preparedness. November, being Financial Literacy Month in Canada, serves as a timely reminder to assess and enhance our financial literacy, a key component of overall financial wellness. Join me as I explore the theme of this year’s campaign, "Managing Your Money in a Changing World," and discuss practical tips and strategies for dealing with debt, creating budgets, and setting up...
info_outline
EP311 Deal or No Deal
Young Money with Tracey Bissett
Are you ready to tackle the tempting deals of Black Friday and Cyber Monday without derailing your budget? In today’s episode, we dive into the art of smart shopping during the biggest sale season of the year and share essential considerations to ensure you're making wise purchasing decisions. Listen in as we explore three key considerations: understanding the real reason behind your purchase, assessing if the deal is genuinely beneficial, and exploring ways to maximize benefits like loyalty points or additional perks. We also offer bonus tips on avoiding overspending, such as unsubscribing...
info_outline
EP310 Mental Health, Financial Fitness and Entrepreneurship with Sharmila Sriram
Young Money with Tracey Bissett
Embarking on the journey of entrepreneurship requires more than just business acumen—it necessitates a strong foundation built on passion, resilience and a commitment to positive change. Sharmila Sriram, Founder & CEO of Spectrum Medical Diagnostics, sheds light on the crucial aspects that drive the success of a business. Sharmila reflects on the challenges she faced in her financial journey, emphasizing the need for a solid financial roadmap, a robust emergency fund and the ability to find opportunities in challenges. Listen in as she shares valuable lessons on resilience, as well...
info_outline
EP309 Small Business Path to Impact with Jascha Jabes, Scotiabank
Young Money with Tracey Bissett
Wondering how small business owners are navigating the current economic landscape and what the future holds for them? Tune in to this episode with Jascha Jabes, Vice President of Small Business at Scotiabank, who brings a wealth of experience from various sectors and a deep understanding of the challenges and opportunities facing businesses today. In this episode, Jascha shares some of the key findings from Scotiabank's recent Small Business Report, highlighting the resilience and optimism of business owners despite prevailing headwinds. He sheds light on how businesses are adapting to...
info_outline
EP308 How To Curb Overspending with Iva Poshnjari
Young Money with Tracey Bissett
Looking for insights on how to curb overspending and make smarter financial decisions? Don't miss this episode featuring Iva Poshnjari, a BNN Bloomberg digital reporter and a voice on CTV’s Things To Know T.O. TV show. With a keen focus on personal finance and a passion for guiding young women away from financial pitfalls, Iva brings a wealth of knowledge and experience to the discussion. In this episode, Iva explores the pressing challenges of overspending, shedding light on some of the trends when it comes to overspending and which generation is most affected by inflation. She also shares...
info_outline
EP307 Canadian Investing Habits with David O'Leary
Young Money with Tracey Bissett
Curious about making smart investment choices and understanding the current economic climate in Canada? Tune in to this episode with David O’Leary, chartered financial analyst, wealth management expert, and the founder and principal of Kind Wealth. With a wealth of experience behind him and a commitment to independence and transparency, he’ll take you through the intricacies of investing and financial planning. Listen in as David shares his insights on a range of topics, including the impact of inflation on investing among Canadians, changes in risk tolerance, and the links between...
info_outline
EP306 Empowered Financial Futures with Julie Shipley-Strickland
Young Money with Tracey Bissett
Wondering how to navigate the complex world of personal finance and wealth-building? Don't miss this episode featuring Julie Shipley-Strickland, a Senior Wealth Advisor at Wellington-Altus Private Wealth and a trailblazer for women in the financial industry. She joins the show today to share actionable insights from more than a decade of experience in the field. Listen in as Julie delves into the rituals for building wealth that you can start practicing today, as well as her own financial challenges and what she wishes she had known earlier in life. You'll learn real, actionable advice,...
info_outline
EP305 Resilience and Reinvention with Leisse Wilcox
Young Money with Tracey Bissett
Ever wondered how our emotional relationship with money shapes our financial success? In this episode, we sit down with Leisse Wilcox, a Strategic Business Coach who has dedicated her career to helping women bridge the gap between self-worth and net worth. With a story marked by resilience, Leisse has not only built a thriving business amidst personal challenges, but has also become a beacon of hope for entrepreneurial women worldwide. From navigating cancer and complex personal challenges to building a multiple six-figure business, Leisse's journey is a testament to the power of self-belief...
info_outline
EP304 No Regret Decisions with Shannon Lee Simmons
Young Money with Tracey Bissett
Curious about making the right choices in challenging times? Shannon Lee Simmons, a seasoned Certified Financial Planner (CFP), bestselling author, and founder of the New School of Finance™, joins us to explore her latest book, No-Regret Decisions. Introducing a universal decision-making framework applicable to most scenarios, Shannon emphasizes that setbacks don't define your decision-making ability—they're opportunities for growth. Listen in to hear about her three-phase approach: first, avoiding impulsive panic decisions; second, navigating the messy middle phase of...
info_outlinePeople 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:
- Practice gratitude.
- Carefully select the company you keep.
- Create space.
Resources Mentioned:
- EP012 The Financial Cost of Comparisonitis with Rachel Brownlow Lund
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 iTunes and leave us a rating and review. Visit our website to learn how easy it is to leave a review on iTunes.
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.