Young Money With Tracey Bissett

The 2021 Tokyo Olympics have been unlike any we have had before. Delayed by a year due to the pandemic, and with COVID-19 restrictions in place resulting in health precautions and limited attendance, this year's Games have offered many lessons and takeaways that can be applied to financial fitness, and I'm excited to share those with you today. Listen in as I discuss the importance of consistency when growing your wealth and knowledge around finances, as well as the benefit of taking calculated risks with your money. You'll learn why you should never be afraid to ask questions, why consistent saving is crucial, and how mental health plays into all of this. There is so much to be learned from these athletes, and I hope you will implement some of these lessons into your financial strategies. “Educating ourselves, starting small, and consistently saving and investing with time on our side to earn compound interest is the key.” - Tracey Bissett This Week on Young Money: Why you should be aware of your mental h

Connor Craig joins the show today to share his perspective on post-secondary education life, internships and what he’s been learning about financial literacy. He’s in the Business Management and Organizational Studies program at Western University, and is doubling up with internships at both Capital Markets and with me at Bissett Financial Fitness. In this episode, he discusses everything from work ethic and perseverance to the important lessons he learned in the last year or so. Listen in to hear why Connor decided to pursue business and gain insight into consumer behavior. He shares how important it is to know how to manage finances—even from the early days—and gives some key tips to his fellow millionaires in the making. “I’m a really firm believer in putting in the hard work, and I love seeing outcomes, whether it’s in school or rugby or whatever.” - Connor Craig This Week on Young Money: What influenced Connor's interest in business and finance. How financial literacy affects us from a young age. What

Ean Price Murphy founded Moxie Bookkeeping & Coaching Inc to work with creative businesses and nonprofits - companies who are usually deeply engaged with their work but frequently not comfortable with numbers. In this episode, Ean joins the show to discuss her journey from bankruptcy to successful business owner, as well as the lessons she learned along the way. Listen in as she explains the importance of being resilient and persistent in finding information regarding financial literacy. You will learn the importance of asking the right people the right questions, how to take the mystery out of money, and the benefit of doing your due diligence when seeking financial advice. “I’m a firm believer that small business health is deeply connected to community health.” - Ean Price Murphy This Week on Young Money: The importance of being resilient and persistent in life. Why you must understand your own value. The benefit of doing your own research in terms of wages. Why it's important to talk about money. Ho

Jackie Porter is an awarding-winning certified financial planner, best-selling author, and featured speaker who has helped thousands of clients grow their net worth, build a fortress around their finances, and keep more of their cash in their pockets. In this episode, Jackie joins the show to talk about Anti-Black racism in Canada and its adverse economic and social effects on Black Canadians. Listen in as Jackie explains her experience growing up without knowing about the value of money, as well as the moment that changed her life in regards to this. You will learn what financial racism is, why access to financial education is not equal, and what actions we can take to eliminate Anti-Black racism in our country moving forward. “Racism is real, and people need to understand that.” - Jackie Porter This Week on Young Money: Jackie’s experience growing up without knowing about the value of money. What redlining is and why the impacts are still being felt despite it being illegal. Why it is harder for Black Can

Have you heard about "revenge spending"? This term was created to describe the frenzied spending that is taking place now that people are able to get out and spend their money again. This rush to spend typically follows an unprecedented event—such as the pandemic—as people seek to reclaim control and a sense of normalcy. So in this episode, I will be sharing the steps you can take to avoid revenge spending and become more financially confident. Listen in as I explain the importance of having an emergency fund and why so many people are not financially prepared if they were to suddenly lose their job. You will learn the importance of creating a budget to ensure you are not spending money you don’t have and why you shouldn’t base your spending on how others are spending. “Financial confidence is strongly related to financial well-being.” - Tracey Bissett This Week on Young Money: How to manage the revenge spending urge. What percentage of Canadians rank money as their greatest source of stress. How many peopl

A Chartered Professional Accountant by training, Robin Taub began her career at KPMG, transitioned into real estate, and then landed in the complex world of derivatives marketing at Citibank Canada. Today, she’s a professional speaker and the author of The Wisest Investment, an update of the bestselling A Parent’s Guide to Raising Money-Smart Kids. In this episode, Robin discusses how you can open up the conversation around money with your children and the young adults in your life. Listen in as she breaks down the five pillars of money and how to meet young people at any age with the right information. You will learn why Robin believes money is such a taboo topic, as well as what a tax-free savings account is and how you can use that to build your wealth. “Kids want to learn from their parents.” - Robin Taub This Week on Young Money: A day in the life of Robin Taub. How to teach your kids to be responsible with money. What Robin calls the five pillars of money. The importance of checking the credibility of

We did it! Together we have created 200 episodes, are listened to in over 40 countries and have been downloaded over 165,000 times! I am so excited to know that you are enjoying the show, and I love the engagement we have received over the years. In this episode, I'm flipping the show for you—I will be interviewed by my long-time friend, Jennifer Boudreau, so that you can get to know me a little bit better. Listen in as I share how I grew up and my personal financial journey. You will learn the importance of believing in yourself, why it’s essential to make time for fun in your life and the benefits of investing from a young age. Thank you so much for all of your support and encouragement over the years and know it is because of you that this is all possible! “I think when you have good things in your life and you have a good life, it’s your responsibility to give back to others.” - Tracey Bissett This Week on Young Money: Some of the amazing reviews we have received over the years. A little bit about my ch

I recently spoke with the Canadian Association of Student Financial Aid Administrators, a group of hard-working professionals supporting students across Canada at colleges and universities, about financial fitness in 2021, and today I'll be sharing with you the thoughts I spoke about with them. It was wonderful to hear their perspectives and questions as they continue to look for ways to support students. Listen in to hear about the financial implications of the pandemic, as well as the impact of the pandemic on the finances of postsecondary students. You will learn how to better support students in their financial fitness journeys, why the pandemic hit women harder than men, and the importance of being mindful of your spending. “Incur as little debt as you can.” - Tracey Bissett This Week on Young Money: The financial implications of the pandemic. The impact of the pandemic on the finances of postsecondary students. How to support postsecondary students' financial fitness. The impact the pandemic had on wom

For many of us, these last 16 months have been a challenge, both personally and professionally. With constant worry about the future in regards to our health, our finances, and the wellness of our loved ones, it’s hard to find the positives in this situation. However, during this time I have had the pleasure of speaking with some amazing people, and there have been many common topics or themes that have emerged. In this episode, I will be sharing the lessons that I have learned throughout this year, as well as what I will be keeping top of mind now and in the future. Listen in as I explain the benefit of asking for help when you need it and why this is not a sign of weakness. You will learn how to be okay with things changing or not going to plan and why we should place value on building relationships with our loved ones, not on items or things. This is your reminder to enjoy life and savor the moments. “Place value on people, experiences, and connection versus things and status.” - Tracey Bissett This Week

With Bitcoin being the hot topic as of late, there are many questions circulating about what it is and how you can involve yourself with cryptocurrency. To help us dive into this topic and clear up any misconceptions around Bitcoin is the author of Magic Internet Money: A Book About Bitcoin, Jesse Berger. In this episode, Jesse will be breaking down this enigmatic topic and unraveling the promise of sound money. Listen in as he shares his knowledge to help us make the most informed decision to increase the amount of money we have. You will learn why there is no such thing as objective value, why dollars cannot accurately portray prices, and whether Bitcoin is environmentally friendly. “Don't trust—verify.” - Jesse Berger This Week on Young Money: Common misconceptions around Bitcoin. How Jesse got into Bitcoin and Blockchain. The difference between Bitcoin and bitcoins.   What Blockchain is. How people can begin to get involved in Bitcoin. Whether Bitcoin uses energy. Key takeaways: Strive to be more effi

When we are more productive in our lives, we are able to have balance and get things done efficiently - all of which lead to increasing our earning potential. However, with so many distractions in this technology focused world we live in, it can be difficult to remain on task and stop procrastinating. So, in this episode, I will be speaking with Mark ‘Ski’ Struczewski, otherwise known as “Mister Productivity,” about how we can increase our productivity, overcome overwhelm, and focus on what matters. Listen in as Mark shares the importance of focusing on the things we can control, as well as the top five distractions you need to be aware of - and how to avoid them. You will learn how to compartmentalize, why you should set boundaries around where/when you work, and how to be more disciplined. If something is taking you away from your goals, remember, only you have the power to decide how you spend your time. “If you’re not successful, don’t tell other people how to be successful.” - Mark Struczewski This Wee

I’ve mentioned previously that no matter what news or social media you consume, you have probably heard people talking about NFTs (Non-Fungible Tokens). So, today I want to share more takeaways from my NFT purchase and the learnings from it. In this episode, I will be explaining which fees you should be wary of and the top five lessons I learned. Listen in as I explain my findings from a buyers side and the importance of doing your own due diligence to ensure you are fully aware of what you are purchasing. You will learn about some of the reported best marketplaces and the different specialties that each of them offer. “Be thorough in your due diligence, maintain a healthy skepticism and understand risks and downsides involved.” - Tracey Bissett This Week on Young Money: Why you should always keep an eye out for hidden fees. The importance of doing your due diligence when purchasing things online. What to be wary of when purchasing NFTs. The importance of taking care of all of your records. The benefit of

We have all experienced the significant stress and exponential impact of the past year, especially if you are a business owner. To better understand the unique pressures that entrepreneurs face, BDC supported the Canadian Mental Health Association to survey almost 500 small and medium-sized businesses. So, in this episode I want to share with you some of the key findings from this study and explain why mental health is so important to talk about. Mental health issues are not as uncommon as you may think in the work place. Entrepreneurs who are concerned about anxiety, stress, depression or any other mental health issue, should consult a doctor or a mental health professional. Remember,  just like with financial fitness, you do not need to handle any of this alone. “So what were the reported impacts of mental health issues at work ... 67% stressed about their cash flow.” - Tracey Bissett This Week on Young Money: The key findings found from the Canadian Mental Health Association’s recent study. Why depression

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: