Young Money With Tracey Bissett

Business and personal finances are interconnected, but without the guidance of experienced planners, many business owners lose track of where their spending is going and things can become dangerously muddled. Anjali Jariwala, CPA, CFP® and the founder of FIT Advisors, is experienced in helping business owners and physicians navigate their finances as they continue their busy lives. In this episode, she will explain the steps you can take to feel empowered to discover and reach your life goals - all while building a stable financial future.  Listen in as Anjali shares her advice on finding the best financial advisor for your needs so that you feel comfortable asking any questions you may have and sharing all of your personal information. You will learn why entrepreneurs must be flexible and adaptable, as well as the importance of paying yourself accordingly as a business owner. “You really want to make sure [your financial advisor] is someone you can fully trust because that makes the relationship really prod

Spending time overseas in countries where clean water is hard to come by, Alisha McFetridge uncovered the need for something to make this human essential more accessible to communities currently living without. She is now the co-founder and CEO of Rainstick, a clean technology company committed to cutting residential water usage in half. In this episode, she explains how her company is allowing people to live with half the energy and without compromise. Listen in as Alisha describes that no matter what happens today, you have to put yourself out there and show up for yourself tomorrow. You will learn the benefit of surrounding yourself with mentors or people who you can learn from as well as the importance of being open to meeting new people. You don’t have to be good everything, just be open to learning along the way. “Water is such a building block to livelihoods and education, sanitation and health.” - Alisha McFetridge This Week on Young Money: Where Rainstick started.   How to push through hard times.

Anu Bidani is the founder and CEO of STEM MINDS, a social enterprise that empowers youth to develop a love of learning through STEM (Science, Technology, Engineering, and Math) education. Anu is an award-winning entrepreneur who is passionate about empowering the next generation of global leaders and innovators by making education accessible to children across the globe. In this episode, Anu joins the show to share the journey of starting her business and her advice for anyone considering this path for themselves. Listen in as she explains the importance of embracing the ups and downs of launching a company and why you must be willing to take big, bold steps. You will learn how to be financially prepared for starting up your business, why it is important to create a priority list so you don’t get distracted by smaller tasks, and how to empower your team members to grow in their positions. “Being an entrepreneur is a journey itself…embrace the journey when you are starting a business, because the idea you sta

The world of insurance and financial services can be difficult to understand if you're not working in the industry. Feeling ready for any financial emergency takes a lot of financial knowledge and preparedness, so to help us understand this complex industry a bit more and share his advice for anyone looking to fill the gaps in their financial life is Tony Steuer. Tony is an author, host of the Females & Finance Meet The Author Series, and a financial literacy thought leader.Listen in as Tony describes the importance of finding the right form of education, seeking out someone who truly resonates with you. You will learn how to put your education into action, what you need to know about investing before you invest, and the importance of getting everything in writing. “Finding a content provider that speaks to you is important.” - Tony Steuer This Week on Young Money: A typical day in the life of Tony Steuer. Why Tony catches up on the news every day. The importance of planning out your day to be more prod

No matter what news or social media you consume, I am certain that you have heard people talking about Non-Fungible Tokens. A non-fungible token (or NFT for short) is a unit of data on a digital ledger called a blockchain, where each NFT can represent a unique digital item. Therefore, they are not interchangeable, hence non-fungible. In this episode, I will be explaining why NFTs are being talked about currently, what to be aware of when you hear this term, and who uses NFTs. Listen in as I describe the difference between an artist owning the copyright of his/her work and a buyer of an NFT. You will learn the benefit of creating an NFT, as well as the benefit of buying one, and why you may want to start collecting NFTs. If you have been hearing about this explosive trend but don’t quite understand what all the chatter is about, this is the episode for you. “Let’s get back to basics. What are your goals? What is your risk tolerance and time horizon? Do these speculative investments fit into your strategy? If

As Director of the Science of Imagination Laboratory, Jim Davies explores the processes of imagination in humans and machines, specializing in artificial intelligence, analogy,and problem-solving, as well as the psychology of art, religion, and creativity. Today he joins the show to share how you can optimize your mind and behavior by focusing on your productivity, happiness, and morality. Listen in as Jim explains how you can make a positive impact on the world and why being a better person doesn’t necessarily have to do with how you treat the people around you day-to-day. You will learn how to measure the amount of good you are doing, how to make the most of your time, and the best charities to donate to. “I’m not saying that it’s wrong to be nice to the people around you, but it’s a matter of the size of the impact.” - Jim Davies This Week on Young Money: A typical day in the life of Jim Davies. Why he prefers waking up extra early in the morning. What it means to be a “better you.” How to measure how mu

Joshua Gray and Genevieve Sutherns are the co-founders of a social enterprise named Guelph Box. Guelph Box started as a way to help struggling or closed local businesses get their products into homes during the COVID-19 lockdown through curated weekly boxes of local merchandise. In this episode, Josh and Genevieve join the show to discuss their charitable efforts, sharing what pushed them to start their entrepreneurial ventures and what has led to their success. Listen in as they explain the importance of helping others whenever you get the chance and what they wish they knew about money growing up. You will learn why it is essential that you start young to set yourself up for a strong financial future and how to be adaptable in the face of constant change. If you are looking for an inspiring story about two young entrepreneurs who are doing good in the world, this is the episode for you! “Help others when you can. It’s possible to do good and business at the same time.” - Josh Gray This Week on Young Money:

As a Family Business Consultant, Sharon Spano helps thriving family business leaders develop family alignment so they can deepen their relationships, achieve sustainable business growth, maximize their impact, and secure a multi-generational legacy. Today she joins the show to share insights from her new book, The Pursuit of Time and Money, and explain the three elements of business she is committed to for success. Listen in as Sharon explains why the way you think about money plays a big part in your success and everyday decisions. You will learn how to shift your mindset around money, how to “become a director of your own movie,” and some of the scarcity beliefs that are holding people back from where they want to go. “Every decision we make is based on time and/or money.” - Sharon Spano This Week on Young Money: What Sharon’s day-to-day life looks like as a family business consultant. The three elements of business Sharon is committed to. What spearheaded the idea for her book. How you should think about

We are all experiencing the same stormy waters of the pandemic, but we're all in different boats. Every personal and business situation is different, and there is no one-size-fits-all advice. Remember that you are not alone, and there is support to help you when you need it. Today I want to share a story of a recent project I had with my team that we almost gave up on—but then bounced back with each challenge and persevered until it worked out. Listen in as I explain the importance of being resilient when things don’t go to plan and remaining persistent until everything gets resolved. The same applies to your financial situation. Start wherever you are and take consistent, forward action until you reach your goals—and then set new goals and work towards those. If you have been feeling uncertain about your finances as of late, this is the episode for you. “So what did we do while frustrated, inconvenienced, and tired? We pushed through, clarified our communication, asked question after question, and were able

Keith Emery is the COO for Credit Canada Debt Solutions, the country’s first and longest-standing credit counseling agency. Keith’s experience in the financial literacy industry spans over two decades, and he is recognized as one of the nation’s leading experts in personal finance. Today he joins the show to discuss what credit counseling is and why he believes it is so important. Listen in as Keith shares several common misconceptions around finances, as well as the first steps you need to take to work toward becoming financially successful. You will learn how to save for unexpected expenses (vet bills, new appliances, medical bills, etc.), how to avoid high-interest debt, and tips for anyone already struggling with debt. “If we’re going to be financially successful, we have to have a budget surplus.” - Keith Emery This Week on Young Money: A day in the life of Keith Emery. What a credit counselor does. Common misconceptions around finances. What happens when the income supports end. Trends Keith is notici

Today we have a very special guest, Kelley Keehn, joining the show for the third time! Kelley is a financial educator whose mission is to make Canadians feel good about money. She has written many bestselling books, including Talk Money To Me, the latest addition to her published work with the COVID-19 special edition just released on February 23rd. In this episode, Kelley explains the importance of understanding financial lingo and why we should ask for clarification when needed instead of pretending to know the answer. Listen in as she explains how to track your money so you know where you can cut down on costs, what to be aware of when using technology apps, how to protect yourself from fraud, and how to ‘spring clean’ your finances. “I really do think that the financial industry needs to do a better job of making things simple and easy to understand.” - Kelley Keehn This Week on Young Money: A day in the life of Kelley Keehn. How COVID has affected her life. The importance of understanding financial lin

Samra Zafar is an award-winning and internationally renowned speaker, bestselling author, and educator for mental health, human rights, and equity. After arriving in Canada as a child bride and escaping a decade of abuse, Samra pursued her education as a single mother working multiple jobs and graduated as a top student with several awards and scholarships. Today she joins the show to share her incredible story, diving deep into her background and the major decisions that impacted the rest of her life.   You will hear how love, money and the power it can be used to exert, have shown up in Samra's life over the years.  Listen in as she explains what led to her decision to start a business with her mother-in-law and how that decision impacted her ability to attend university. You will learn how she gained the courage to leave her abusive relationship, how her university became her lifeline, and why asking for help when you need it is incredibly important.   “We are not meant to do this alone. We are social cre

One of the questions I get asked the most is how to invest or get involved in investing. The reason is that investing gets all the hype in the market, online, and in the news. It's often talked about in an exciting way, dominating headlines and luring investors in for fear of missing out (also known as FOMO). The last few weeks have been no exception with the frenzied trading of GameStop, AMC, and Blackberry. So in this episode, I want to explain how to avoid the fear of missing out when investing. Listen in as I explain some things to be mindful of if you plan on getting involved in the investment industry and how to find an investment accountability buddy. You will learn how to develop an investment strategy, why it’s important to start investing early, and the importance of getting back to basics by setting goals. “From an economic/financial perspective, FOMO is a psychological phenomenon associated with loss aversion, particularly in terms of financial decision making.” - Tracey Bissett This Week on Youn

Adam H. Kol, J.D. is a Couples Financial Coach. He helps couples make sure the money conversation doesn't get in the way, leading to financial clarity, confidence, stability, and peace of mind. Today he joins the show to discuss the intersection of money and relationships, giving advice on how to approach this topic with your loved ones. Listen in as Adam explains the importance of communication and debunks the top myths around relationships and finances. You will learn the number one mistake he thinks couples are making, how the pandemic has changed the way families are dealing with their money, and so much more. “Money gets the best of us.” - Adam Kol This Week on Young Money: Why it is okay to spend money on yourself sometimes. The importance of remaining mindful of your goals. How to align your life goals with your money goals. The top myths around relationships and money. Key takeaways: Communication is key. Be mindful. Make a plan. Engage in healthy dialogue with your partner. Connect with Adam

Are you betting on Bitcoin? Things are uncertain right now, and 2021 will stay this way for a while, but it’s still imperative that we focus on our financial health. In this episode, I’m discussing whether Bitcoin is an investment you may want to consider—or whether it’s a gamble you’ll want to avoid. Listen in as I share the basics of investing, speculating, and gambling, and where Bitcoin fits into this equation. I’ll also be sharing the three factors that determine whether you’re investing or speculating, and the three questions you should be asking yourself before making any kind of investment. “Risk and return go hand in hand in investing.” - Tracey Bissett This Week on Young Money: The basics of investing. What the riskiest investments typically are. The difference between investing, speculating, and gambling. What Bitcoin is. Three factors that determine investing vs. speculating. The three questions to ask yourself before making any kind of investment. Key takeaways: Focus on your goals.  Risk and

Erin Lowry is on a mission to help millennials get their financial lives together. She is the author of Broke Millennial: Stop Scraping By and Get Your Financial Life Together and Broke Millennial Takes On Investing: A Beginner's Guide to Leveling Up Your Money. Today Erin joins the show to discuss how to overcome your fear of talking about finances, so you can navigate those important money questions on your mind. Listen in as she explains how to negotiate for what you’re worth when starting a new job or simply asking for a raise. You will learn the importance of practicing asking for what you want, how to set boundaries or expectations with your friends and family around money, and more. “At the end of the day, oftentimes we are just afraid of how people close to us in our lives are going to judge us for the financial decisions we are—or perhaps aren’t—making.” - Erin Lowry This Week on Young Money: A typical day in the life of Erin Lowry. Why people are so afraid to have money conversations. Why silence

It's so important to keep an eye on your money and be aware of how you can use it to accomplish the things you want. As someone who's been an entrepreneur from a young age, I am thrilled to be able to support other entrepreneurs in growing their businesses. Understanding financial matters is a fundamental life skill, something that inspires me to find new and straightforward ways to make money make sense and increase financial confidence.  In this episode, I will be sharing a few ways we can work together in 2021, including continuing to listen to this podcast and getting your copy of the Twelve-Month Money Planner for Young Millionaires in the Making. As always, thank you for your ongoing support! “I have always had my eye on money and how I can use it to accomplish the things I want.” - Tracey Bissett This Week on Young Money: My story and how I got to where I am today. Where I learned the value of money. The importance of listening to what your customer wants. Why hard work is rewarded. Key takeaways:

Joy and inspiration are always welcome, and what could be better than a spotlight episode on two of the Young Money Scholarship recipients? In this episode, post secondary students Sharaf Khan and Courtney Clayton share great financial tips for success, what their post secondary experiences have been like, and how these scholarships have impacted their lives. Listen in as Sharaf and Courtney describe their experiences so that we can learn from what is—and isn’t—working from them. Sharaf talks about setting goals and accomplishing things that others don’t, while Courtney shares one of her big goals and important advice for other millionaires in the making. “Leave with the least amount of debt possible.” - Courtney Clayton This Week on Young Money: How scholarships have impacted the lives of these students. How to stay focused on your career or business. The importance of giving yourself downtime. How to stand out from the crowd when creating a business. How to be successful as a business person. Key takeawa

Today we are speaking with Kate and Anna Healy, two sisters who grew up in the same house but may have different outlooks on the way they spend money. In this episode, Kate discusses why she has always been so adamant about saving her money and Anna shares why she made the switch from being a spender to being a saver. Listen in as Kate explains what it has been like working in the health care sector during the pandemic and why she only ever spends the money she knows she has. You will also hear Anna describe how she learned to budget and why she feels so passionate about helping people with mental health issues. “I want to buy the things that I know I can afford.” - Kate Healy This Week on Young Money: Why you should invest your money. The benefits of having a TFSA. Why you shouldn’t be influenced by what others buy. Key takeaways: Only spend what you have. Set goals. Stay strong in your money plans. Leverage the power of credit cards. Budgeting is key. Resources Mentioned: EP159 Milli Moves: Seeki

What a year it has been! Lots of ups and downs, and certainly not an easy one. To finish the year on a high note, I will be discussing several great things that have happened within Young Money and the world. I am so very thankful for you, loyal young money listeners, our fantastic guests, and all of you who provide support to me, the show, and Bissett Financial Fitness. Listen in as I go over the impacts of COVID-19, as well as what we can be hopeful for as we look toward 2021. You will learn the importance of taking care of yourself before others, whether credit card use has gone up or down since the beginning of the pandemic, and so much more. “We are all in the same storm but are not in the same boat.” - Tracey Bissett This Week on Young Money: Why you must remain hopeful even in times of darkness. The importance of finding out what your situation is and making plans accordingly. Why taking care of yourself first is key. The many ways to solve a financial panic. Why you need to make a savings plan. Key