Young Money With Tracey Bissett

Eva Sachs is a Certified Financial Planner, Chartered Financial Divorce Specialist, and Certified Divorce Financial Analyst who is a recognized expert in financial planning in divorce. She is also an author and a team member at Love and Money, a resource for modern marriage contracts that helps protect the romance by taking care of the finance. In this episode, Eva shares the things that everyone should be considering as they’re entering in a relationship, including the critical conversations they need to have with their partner and tips to protect themselves financially. She also discusses the key things to consider financially when you and your spouse are separating, what the difference is between a separation and a divorce, and when you should consider putting a marriage contract into place. “Money doesn’t come with instructions.” - Eva Sachs This Week on Young Money: What a day in the life of Eva looks like. Tips to set a solid financial foundation for couples. When to consider a marriage contract. What

Financial fitness (aka financial literacy) is a fundamental life skill.  It's not about knowing everything - it's about taking those small imperfect actions that increase your foundation of financial knowledge so you can navigate your life, personally and professionally, with confidence. To me that means being comfortable asking questions, following up if you don’t understand something, being kind to yourself when you make a mistake, and approaching things from a mindset of abundance. In this episode, I want to celebrate you. Together we have created 245 episodes, are listened to in over 40 countries, and are approaching 250,000 downloads. Whether today is the first day you are tuning in to check out the show, you’ve been a loyal listener since the beginning or somewhere in between, I am happy you are here. Thank you for your steadfast support, continuous questions, and feedback on the show. “I believe that financial fitness aka financial literacy is a fundamental life skill.” - Tracey Bissett This Week on

Everyone experiences their own set of issues, and while they’re not all related to finances, eliminating financial issues can provide more clarity in other areas of your life. No one knows this better than our guest today, Elke Rubach. Elke is a sought-after speaker on wealth management, estate planning, and philanthropy, as well as the founder of Rubach Wealth. In this episode, she will be sharing her practice’s unique holistic approach to helping her clients with their needs. Listen in as she explains the importance of having financial independence as soon as you can and the benefit of educating yourself about your own finances. You will learn why being curious when it comes to finances is key, why women should not be fearful to learn about their finances, and why you should never be afraid to ask for clarification from your financial advisor. “I truly believe that everybody has the opportunity and a chance to improve their financial situation with the right advice, the right team, and discipline.” - Elke

We often tell ourselves stories to excuse the wrong-doings that we allow to happen in our finances. These limiting beliefs that we have, or excuses we create, can end up hurting our financial situation long-term if we don’t shift our mindset. So, how can we avoid falling into these traps? In this episode, I will be sharing the most common money myths that I see and explaining what you can do if you believe any of them to be true. Listen in as I explain why you don't have to be good at math in order to take care of your finances and why even the smallest of steps taken towards educating yourself about your finances can make a difference. You will learn why it is important to start investing from a young age, why you don’t necessarily have to pay off your debt before investing, and how you can become involved in investing with little money. “Nobody cares more about your life than you, so it’s time to step up.” - Tracey Bissett This Week on Young Money: The importance of investing. Why you should start saving f

This time of year, spring cleaning is in full force, and it's a great time to be thinking about home maintenance. Now, I'm not talking about property taxes, utilities, and all of the regular bills that come with owning a home. I am speaking specifically about the costs to keep our homes in good working order. In this episode, I'll be sharing several things I did to maintain my home recently to hopefully inspire you to make a list of your own maintenance items. Listen in as I explain the costs involved in my home maintenance, as well as why it is essential that you have your dryer vents and furnace filters cleaned frequently. You will learn how to ensure your home maintains its value, how to avoid a larger issue in your home later down the road, and why you should always put money into an emergency fund. “For many people, our homes are our biggest asset. It is critical that we maintain it so it holds its value.” - Tracey Bissett This Week on Young Money: Why it's critical that you maintain your home. How much

We all have different motivators for wanting money. For some, it's the freedom to have the things they truly want; for others, it's not having to worry about paying bills or the ability to donate to charities. Our views around money form at a young age, and it is this money mindset that then carries out the way we perceive and desire money throughout the remainder of our lives. So, in this episode, I am going to discuss two main mindsets surrounding money—scarcity and abundance—explaining how to change your mindset so that you are ready to reach the level of prosperity you want in life. Listen in as I break down what a money mindset is and how this can impact your ability to achieve your goals. You will learn how to stop operating from a place of fear surrounding money, the benefit of surrounding yourself with people who have an abundance mindset, and how practicing gratitude can increase your positive money mindset. “Understand the past, be in the present, and plan for the future.” - Tracey Bissett This Wee

Many animal lovers will readily agree that dogs offer more than just companionship; having a dog enriches your life in so many ways. However, this enrichment does come with a cost. If you’re a long-time listener, you know that I have two golden retrievers, and in this episode, I thought I would break down the various costs that come with owning a pet so you can make your decision about adopting one based on financial facts versus the desire for a companion. Listen in as I explain the vet bills I have had to pay over the last few years, as Rosie has faced numerous illnesses. You will learn the initial purchase cost of a dog, what the average monthly supplies might cost, and what you can expect in terms of at-home repairs when owning a puppy.  “Our pets are family members.” - Tracey Bissett This Week on Young Money: How much the purchase cost is for a dog. What supplies you need to buy on average for a new dog. The average vet bill for a healthy puppy. What you can expect for vet bills if your dog has health

Sandy Yong is a self-directed investor who successfully generated a 6-figure investment portfolio and owns several rental properties. As a keynote speaker, she teaches female millennials how to invest in the stock market and real estate. In this episode, Sandy joins the show to discuss the importance of taking control of your finances, as well as tips on how you can get started today. Listen in as she shares advice from her award-winning book, The Money Master, and explains the importance of diversifying your income. You will learn how to differentiate between your wants and your needs, how to save for vacations reliably, and how to receive more dividends. *Giveaway* The first 3 people who share this episode on social media will win an autographed copy of The Money Master. ”I want to make women feel empowered with their personal finances and take control of their financial future.” - Sandy Yong This Week on Young Money: The importance of taking control of your finances. Why women must be more involved in th

Zandile Chiwanza is a self-proclaimed “budget warrior” and personal finance journalist. Although Zandile is committed to empowering newcomers to Canada with the tools they need to make sound financial decisions, her overarching message is for everyone: No matter your circumstances, financial wealth and wellness are attainable for everyone. In this episode, she joins the show to discuss the connection between money and mental health. Listen in as Zandile explains why she does not believe in “good” or “bad” debt, as well as the importance of talking to a professional when you’re feeling overwhelmed. You will learn the benefit of surrounding yourself with people in the right mindset, common challenges faced by newcomers, and the importance of reaching out for help when you need it. ”There is a strong connection between money and mental health that we need to talk about more.” - Zandile Chiwanza This Week on Young Money: How Zandile discovered personal finance. The connection between money and mental health. The

As we continue to celebrate Fraud Prevention Month in Canada, it’s important to remember that we should be aware of scammers all year long. I recently spoke with one of my friends, Bonnie, who shared some of her recent interactions with fraudsters and how she switched things around to have the joke on them. So, in this episode, I wanted to share some of these stories with you. Although all fraud should be taken seriously, these are some fun ways that the tables can be turned. To give you some background on Bonnie, she has had a long career in financial services in the areas of audit, risk management, compliance, anti-money laundering, and so much more. As a result, she has tremendous experience in detecting things that are not quite right. I had a laugh as she shared these stories with me, and I hope you do too!  ”Be vigilant and call your relative back on the number you have if you are concerned.” - Tracey Bissett This Week on Young Money: Several funny stories of how the tables have been turned on frauds

In Canada, the top scam is an investment scam that cost Canadians over $163 million in 2021. Any solicitation for investments into false or deceptive investment opportunities falsely promises higher-than-normal returns, but—unsurprisingly—investors lose most or all of their money. Ongoing investment scams include cryptocurrency, fixed income, the "pump and dump," Ponzi, Initial Coin Offerings, franchise/business opportunities, Gem, and Pyramid. In this episode, I will be sharing information on each of these and giving tips on how to avoid these scams moving forward. Unfortunately, once you've sent money to a scammer, it's probably no longer accessible. However, it is still recommended to tell your bank or credit card company about the scam so you can protect your accounts from further harm. Listen in as I explain who to report these frauds to, as well as how this can help others moving forward. ”Reporting an investment scam won't undo the damage done, but it may save others from falling victim to the same fra

March is fraud prevention month in Canada, but we should be careful all year round. Scammers are sophisticated and innovative in their craft, making it very hard to know what is real and what is not. So, in this episode, I will be sharing steps you can take to avoid being swindled out of your money through a romance scam. Listen in as I explain the importance of checking the legitimacy of investments and why you should never trust unsolicited opportunities. You will learn key red flags to be aware of when it comes to romance scams, why talking about your situation to others is crucial, and why you should report cyber-crime when you spot it. ”If someone you have never met is pressuring you to send money, don't be afraid to say NO!” - Tracey Bissett This Week on Young Money: How to spot a scammer. Why we should be careful of unsolicited opportunities. The importance of checking the legitimacy of an investment. Why you shouldn’t trust phone numbers that have been given to you online. Several red flags to watch

Managing money as a young person with a continuous list of responsibilities can be a challenge. Between living expenses, student loan debt, saving for the future, and wanting to have fun, young people often feel these pressures to keep up financially. This is where Lisa Hannam steps in. Lisa is the Executive Editor of MoneySense and has been a leading force in the success of the financial magazine with her effective financial advice. Today Lisa joins the show to share her motivational tips for anyone wanting to stay on their savings journey. Listen in as she explains an easy way to start a savings account, as well as the power of using automatic deposits for your investments. You will learn how fluid money can be, an easy way to calculate if you want to spend money on something, and Lisa’s advice for anyone currently getting their financial information from social media. “[People say] that it’s so easy to spend money, but it’s actually just as easy to save it.” - Lisa Hannam This Week on Young Money: What a

We live in a world shaped by gender. For too long, we have underestimated the consequences of sexism in our economy, and the way it holds all of us—both women and men—back. In Mother of Invention, bestselling author Katrine Marçal sets the record straight and shows how, in a time of crisis, the ideas and ingenuity of women are crucial for our future. Today Katrine joins the show to discuss the economic impact of women, specifically how the inclusion of women is the missing key to innovation for modern business.  Listen in as we dive deep on the topic of gender bias, explaining how gender bias can actually delay the innovations that we now take for granted. You will learn how to maintain an innovative spirit and inspire others to do the same, as well as how you can amplify diverse voices to ensure everyone is able to share their knowledge, ideas, and opinions. “Innovation and tech is really what drives the economy, and there is this narrative that historically everything important ever was invented by a man… a

For all of the loyal Young Money listeners, it is the first full week of February, and you know what that means… the Super Bowl is fast approaching! This year is special, as there will be five hip-hop artists performing on one stage—for the first time ever. So, in this episode, I'll be going over the financial lessons we can learn from these multi-million-dollar performers who have experienced great success in their financial fitness. Listen in as I share some surprising financial trivia surrounding the Super Bowl, as well as how much each of these artists is worth. You will learn why the past does not predict the future and the importance of having diversification in your income. Remember: success does not require perfection—you can take small imperfect actions every day toward your goals. So start today! “There has never been a better time to learn about personal finance.” - Tracey Bissett This Week on Young Money: How much teams earn playing in the Super Bowl. How much each of these five artists is worth

Now that New Year's resolutions are out of mind, let’s get back to paying attention, taking accountability, and being disciplined with our actions when it comes to our finances. This doesn’t need to be over-complicated—it can be easy to implement financial fitness into your life. So, in this episode, I will be sharing three basic tips to get your finances on the right track for 2022. Listen in as I explain the importance of reviewing your expenses and looking for opportunities to save money on your bills. (You may be surprised by what you find!) You'll learn the advantages of maximizing your retirement and employment benefits, as well as how to establish a financial fitness routine. “With so much uncertainty still on the horizon, we need to get back to basics and bring greater discipline and accountability to our finances.” - Tracey Bissett This Week on Young Money: Why you should always be on the lookout for opportunities to save on bills. The importance of understanding and reviewing all of your expenses.

After years of working in the health industry, Dr. Stacy Irvine was puzzled as to why no one had been able to find a solution to successfully motivate everyone to lead healthier lives. In Canada and the USA, rates of many chronic diseases are increasing, obesity is more prevalent than ever, and our mental health is suffering. So, what needs to happen? In this episode Dr. Irvine joins the show to share her advice for adopting a healthier lifestyle—and the answer may surprise you! Listen in as Dr. Irvine explains her inspiration for her latest book, Your Better Instincts, as well as key takeaways for harnessing your instincts. You will learn why Dr. Irivine believes instincts are pathways to a better life, what happens when we spend a lot of our days sitting down, and the importance of allowing yourself time to recover. “Human beings were never meant to sit all day at a computer or walk around with a phone.” - Dr. Stacy Irvine This Week on Young Money: How to live a healthier life. How healthy living impacts

Kelley Keehn has been a trusted voice for sound personal finance advice for decades. Kelley started her career helping some of Canada’s wealthiest, and then took her expertise to a broader audience to help people of all incomes as a personal finance educator. Today she joins the show to share insights from her new book, Rich Girl, Broke Girl, including how she is helping women claim their wealth. Listen in as Kelley explains why so many women struggle to lean into their finances and why it is so important to remember how far we have come as women in regards to finances. You will learn the difference in behavior between wealthy and broke females, how to change your mindset around money, and how to be successful with investing.”Not everyone who looks like they have money has money.” - Kelley Keehn This Week on Young Money: How Kelley became involved in financial advice. The inspiration that led Kelley to focus on women claiming their wealth. Why some women aren’t leaning into their finances as much as they s

Andrew Hallam is a personal finance journalist, speaker, and the internationally bestselling author of Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School and Millionaire Expat: How To Build Wealth Living Overseas. Before Andrew’s 20th birthday, he started to invest. By the time he reached his late 30s, he had enough money to retire. In this episode, he will be sharing his personal journey to financial freedom and his advice for anyone searching for a way to make money on the road. Listen in as Andrew shares insights from his newest book, Balance: How To Invest and Spend for Happiness, Health and Wealth, to help you work toward achieving life satisfaction. You will learn why you should spend your money on experiences, why making strong connections and relationships is essential to longevity, and how to identify your true superpower. “You have to live the best life that you can now and the best life that you can later. So spending money on building memories is key.” - Andrew Hall

Erica Alini is the personal finance reporter, where she writes about all things personal finance, business, and economics. In this episode, Erica will be joining the show to discuss her new book, Money Like You Mean It: Personal Finance Tactics For The Real World, as well as her advice for building a financially stable life. Listen in as she gives you a deeper look at the economic forces that are shaping your financial struggles and some tips on how to overcome them. You will learn the four steps people go through in order to turbocharge their finances, how to make better financial decisions and stick to them, and the power of budgeting. “Know what you are saving for.” - Erica Alini This Week on Young Money: How to build a financially stable life. How to train your brain to make good financial decisions. Why you should give yourself monthly targets. The importance of celebrating your wins. Why automation is a wonderful tool for meeting your financial goals. The problem with installment payments. Key takeaw