Young Money With Tracey Bissett

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

Kim Cooper is the president of Youth Culture Inc., a social enterprise that bridges the gaps between youth and industry. She’s passionate about sharing the stories of underrepresented youth and is part of the movement to bring equity, diversity, and inclusivity (EDI) into the STEM fields. Today Kim joins the show to discuss the importance of resilience and having the courage to pursue your big ideas. Listen in as she describes how she is minimizing negative forces in her life (such as social media) so she can remain hopeful in her business. You will learn the benefit of being vulnerable and putting yourself out there. If you are searching for an inspiring story of hard work paying off, this is not an episode to be missed. “In order for us all to stay relevant, we have to have that continuous learning and also be able to pivot throughout our lives.” - Kim Cooper This Week on Young Money: The importance of resilience. Why you must remain hopeful. The power of being open to learning. Why you have to be able to

Today we are celebrating 3 years of Young Money! Together we have created 172 episodes, are listened to in over 40 countries, and are approaching 120,000 in downloads! It is my absolute privilege to create educational and fun financial content, as well as host amazing guests to help and inspire you along your financial fitness journey. In this episode, I interview my nephew Riley and my niece Brenley in a sibling vs. sibling episode. As you may know, children raised in the same household often have different views and behaviors when it comes to money, and these fun interviews definitely highlight what the research tells us. You'll also hear some highlights of the research after we hear the interviews. “Sometimes children from the same household have very different thoughts around money.” - Tracey Bissett This Week on Young Money: A celebration of 3 years of Young Money podcast content. Whether children raised in the same household usually have similar views about money. Which child tends to be the most driv

Today we will be putting the spotlight on two of the Young Money Scholarship Fund recipients, Leeah George and Erica Morrow. These young women are amazing, and in this episode, they'll be sharing their post-secondary experiences and how the scholarship has positively impacted their lives. Listen in as Leeah describes the importance of preparing yourself financially when pursuing education, as well as setting SMART goals and working hard to achieve them. Erica explains the importance of allowing time for yourself and being open to criticism. “I think there are gaps that need to be filled and truths that need to come out.” - Leeah George This Week on Young Money: How applying for a scholarship can benefit you. The importance of having confidence in yourself and not giving up. Why planning for your education is critical. How taking care of yourself can boost your work and education. Key takeaways: Believe in yourself. Work hard. Set SMART goals. Be open to criticism. Resources Mentioned: EP148 Celebrating

Sophia Yen, M.D. MPH is the CEO and Co-Founder of Pandia Health, a birth control delivery service. With 20+ years in medicine, she is a Clinical Associate Professor at Stanford Medical School and serves on the Executive Committee of the American Academy of Pediatrics’s Section On Adolescent Health. Her passion is Women’s Reproductive Health, and today she joins the show to discuss the three non-profit projects she has co-founded to improve the lives of women. Listen in as Sophia shares the importance of confidence and having a growth mindset. You'll learn why loving what you do and approaching your career with an “all-in” attitude is so crucial for success. “The stupid question is the one that isn’t asked.” - Sophia Yen This Week on Young Money: What pill anxiety is and how to avoid it. The importance of having a growth mindset. Why you must go into entrepreneurship wholeheartedly. Key takeaways: Confidence is key. Ask for help when needed. Do something you enjoy. Take preventive measures. Resources Ment

We are celebrating Financial Literacy Month in Canada, and for those who have been listening for a while, you know that I am on a mission to redefine the economic future of the world by addressing the financial literacy of young adults and entrepreneurs. While the school system does not do a good job of preparing the youth of today for the harsh economic realities they will be facing, I know firsthand the power that education can bring to achieving your life goals. So in this episode, I will be discussing the first round of the Young Money Scholarship recipients. These talented young millionaires in the making will have some of the financial strain removed from their education. Remember, the earlier you can master your money, the faster you can achieve the things you want in your life. “I believe that understanding financial matters is a fundamental life skill.” - Tracey Bissett This Week on Young Money: Why financial literacy matters. The importance of education around finance. What I believe is a fundament

If you have been listening for a while, you know that I consider financial fitness to be a journey much like physical fitness. Financial fitness falls along a spectrum—on the far left you may be starting to learn about budgeting or saving, and on the far right of the spectrum, you may be a highly sophisticated investor. For most of us though, we are somewhere between the two in this journey together. So today, I want to revisit some of our most popular episodes of 2020, focusing on the sound advice from Michelle Jackson on building financial resilience and Taz Rajan on how to overcome overwhelming debt. In EP156 Milli Moves: How to Earn Passive Income,  Rachel Richards explained the importance of diversifying your income so you have a steady stream coming in from multiple sources. If you are looking to hear some of the best business and finance tips from our most notable guests, this is the episode for you. “I consider financial fitness to be a journey much like physical fitness—you can be just getting off th

Kola Ifabumuyi is a mortgage planner that customizes optimal mortgage financing terms by leveraging customized financing engagements across Canada—regardless of whether its mortgage refinancing, mortgage renewal financing, or mortgage purchase financing. Today Kola joins the show to discuss his role as a mortgage broker, including his day-to-day tasks and what makes his position not only unique but ever-changing. Listen in as Kola shares what he attributes to his success to, focusing on his work ethic and the importance of being completely transparent, as well as adaptable with your clients. If you are a first time home buyer or you have been considering working with a mortgage broker, this is the episode for you. “We have a saying back in Nigeria saying 'no condition is permanent,' but there is one condition that is permanent, and that is change.” - Kola Ifabumuyi This Week on Young Money: A day in the life of a mortgage broker. Why someone would want to work with a mortgage broker. Tips for first time hom