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EP069 How to be Financially Resilient with Jackie Porter

Young Money with Tracey Bissett

Release Date: 02/12/2019

EP258 For Your Convenience Vending with Maya Ray show art EP258 For Your Convenience Vending with Maya Ray

Young Money with Tracey Bissett

Maya Ray owns and operates FYC Vending, which (in just two short years) she has turned into a 6-figure company. Maya's goal now is to pass on the knowledge and expertise she has built in this industry to students and young adults who are going through what she went through only a few years ago. In this episode, she joins the show to share her success secrets and advice for anyone hoping to start as an entrepreneur. Listen in as Maya explains the importance of finding people you can learn from who are already experts in their field, as well as why you need to research the credibility of where...

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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

Entrepreneurship is often a difficult journey. Starting a business as a woman at a young age simply adds more challenges. Our two guests today have both created something inspirational by themselves and have truly showcased what it means to have an entrepreneurial spirit. Jowana Burgan is a recent Mechanical Engineering Graduate who has initiated the Girls Mechanic Team, running hands-on workshops that educate and empower women on the basics of car maintenance. Melisa Cela is an International Business graduate who founded a successful Lash Extension business. In this...

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

Young Money with Tracey Bissett

Over the last few months, you’ve probably heard the word “inflation” numerous times. Inflation refers to a general progressive increase in the prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money. So, how does this impact you and your goals? In this episode, I will break down this topic in depth so that you feel confident in your understanding of inflation. Listen in as I explain the pros and cons of inflation, as well as the...

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EP255 Plufl: The Dog Bed for Humans with Noah & Yuki show art EP255 Plufl: The Dog Bed for Humans with Noah & Yuki

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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EP254 Spotlight on Young Money Scholarship Recipients Bradford & Jasmine show art EP254 Spotlight on Young Money Scholarship Recipients Bradford & Jasmine

Young Money with Tracey Bissett

Today we are showcasing two more young money scholarship recipients, Bradford Sonnenberg and Jasmine Hasmatali. These students are incredibly insightful and share their post secondary experiences, including what is and isn’t working for them. They also describe in depth how scholarships have impacted their lives and share their advice for anyone thinking about applying for scholarships themselves. Listen in as Bradford talks about how scholarships have been a life-saver, as well as the importance of finding a balance of taking school seriously—but not too seriously. Jasmine opens up about...

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EP253 Wallet Activism with Tanja Hester show art EP253 Wallet Activism with Tanja Hester

Young Money with Tracey Bissett

When making purchasing decisions, it is becoming apparent that many of us are beginning to take into consideration the ethicality of what we are buying and how it is produced. Spending ethically doesn’t have to be difficult, and it doesn’t mean that you can’t save money while doing so. Our guest today, Tanja Hester, knows this topic very well. Tanya is the author of two award-winning books,  and , and is best known for retiring from her career at the age of 38. In this episode, she will be sharing several things to think about next time you’re faced with a spending decision...

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EP252 Spotlight on Young Money Scholarship Recipients Alain & Alexandra show art EP252 Spotlight on Young Money Scholarship Recipients Alain & Alexandra

Young Money with Tracey Bissett

It is never too early to learn about scholarships and the impact they can make on not only your education, but also your entire life. In this episode, we are shining a spotlight on two of the Young Money Scholarship recipients: Alain Lavoie and Alexandra Snider. These post secondary students are incredibly bright and will share so many great tips with you about their post secondary experiences and how scholarships have changed their lives. Listen in to learn why doing what you enjoy is so important—because if you don't, you won’t be successful in hitting your goals. You will hear the...

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EP251 Financial First Aid with Alyssa Davies, founder of Mixed Up Money show art EP251 Financial First Aid with Alyssa Davies, founder of Mixed Up Money

Young Money with Tracey Bissett

After going through financial problems herself, Alyssa Davies discovered a need for a safe and non-judgemental space for people to discuss their finances. This discovery led to the creation of her finance blog, , which has now won Canadian Personal Finance Blog of the Year twice. Today Alyssa joins the show to discuss the importance of having open conversations about finances so that people can become educated and protect themselves from financial uncertainty. Listen in as she explains why having an emergency fund is crucial, as is having a backup fund that you can rely on in a relationship...

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EP250 Success Secret of & Lessons from 250 Episodes show art EP250 Success Secret of & Lessons from 250 Episodes

Young Money with Tracey Bissett

When I started podcasting in 2017, I was nervous about the technology and apprehensive about how I would sound, not sure I’d have enough to say or that anyone would want to listen. Once I started creating these episodes and receiving your feedback, all of my worries washed away. I love knowing that this show is helping so many people begin their financial journey and work their way to a financially fit future. So, in this episode, I will be sharing the top lessons that have weaved their way into this show throughout the years. Listen in as I explain what helped me reach 250...

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EP249 Control Money Movements with Interac show art EP249 Control Money Movements with Interac

Young Money with Tracey Bissett

Canadians choose Interac products an average of 18 million times a day to pay and exchange money. Through their world-class privacy, fraud mitigation, governance, and digital identity and authentication expertise, they help keep Canadian customers safe and secure when transacting. Anurag Kar, Associate Vice President of Money Movement Products at Interac Corp., joins the show today to discuss the recent news that Interac surpassed a billion e-transfer transactions in the last 12 months, as well as the overall key findings of the study. Listen in as Anurag breaks down how e-transfers work and...

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Jackie Porter is one of Canada’s most recognized, award-winning financial planners, the founder of Ask Jackie, and the co-author of Single by Choice or Chance: The smart woman’s guide to living longer, better. She has worked in the financial services industry for nearly 20 years, serving thousands of families, businesses, and professionals in the Greater Toronto Area. She has been featured in various publications including Wealth Professionals, Investment Executive, Forum, and The Globe & Mail and has shared actionable, easy-to-understand advice at business conferences as well as on TV, radio, and through the podcast medium.

 

Jackie joins me today to discuss the importance of financial resiliency and how you can put a plan in place to become financially resilient. She discusses the uncertainty and disruptiveness of modern times and explains how you can put a financial plan in place to prepare for the unexpected. She also explains the importance of living below your means, developing a savings plan, and why people should plan for future events, such as starting a family and getting married.



“Expect uncertainty; expect disruption and build a fortress around your finances so you can be more equipped to deal with life’s setbacks.” - Jackie Porter



This Week on Young Money:

 

  • How Jackie helps people understand their finances.
  • The meaning of financial resilience and why it is essential to be prepared for disruption and uncertainty.
  • How to build a fortress around your fortune and make the most of the resources you have.
  • Strategies to improve your financial resiliency.
  • Why it is crucial for women to review their finances and plan for retirement.
  • Why you should live below your means and include a savings element in your financial plan.
  • Common myths and misconceptions regarding financial resilience.
  • Why you should consider the best-case and worst-case scenarios when creating your financial plan.


Key takeaways:

 

  1. Be prepared for uncertainty.
  2. Think bigger and think long term.
  3. Pay attention to the financials of the company that employs you.
  4. Live below your means.
  5. Be a keen observer of what is going on and take responsibility.
  6. Spend money on what you value.


Resources Mentioned:

 


Connect with Jackie Porter:

 




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