Young Money With Tracey Bissett

Petra Hakansson is the managing director of Guardian Angel Security, a SheEO funded venture that supplies and monitors GPS panic button pendants that help protect lone workers in remote environments. Petra has worked in the GPS and security industries for more than a decade, developing lone worker solutions for government bodies and small and medium-sized enterprises (SME’s). Her previous roles include being a sales and marketing manager, account manager, and national sales manager for companies such as First Management Group Global Security and Inkworks Limited.    Petra joins me today to share her journey of leaving the 9-to-5 behind to start her business venture. She reveals how she funded her start-up and the hard work and commitment needed to find success. She shares the traits that helped her build a business and the importance of communication and humility. Petra also discusses her money mindset and encourages young adults to have the confidence to take available opportunities.         “It’s about know

Wendy Brookhouse is the founder of Black Star Wealth, a company dedicated to providing comprehensive financial services to professionals, entrepreneurs, and business owners. Wendy has developed unique, easy to implement solutions that remove the friction of anxiety and stress that stand in the way of her clients meeting their financial goals. She is also the inventor of the One Number Solution™, a holistic plan for saving, spending, and debt repayment. Wendy founded QueenPins, a money-raising organization for local causes and serves on the national board for Junior Achievement Canada.   Wendy joins me today to share how to be in love and financially fit. She describes how personal relationships and money can co-exist in harmony. She reveals when you should talk about finances in your relationship and polite ways to start those conversations. She stresses why it is vital to understand the costs of purchases paid on credit cards and highlights how your credit score and that of your partner can affect interest r

  Robyn McLean is the Founder and Co-owner of the Hello Cup company where she handles the marketing and communications of the business. A quirky and out-of-the-box style is her specialty. She mentors startups in marketing and how to stand out from the crowd. Robyn has previously worked as the PR Manager for local government and the Royal New Zealand Ballet, as well as been a journalist for newspapers such as the Sunday Star Times, Dominion Post, and The Taranaki Daily News.    Robyn joins me today to share how an idea to try something turned into a business idea and a product that could change the world. Hello Cup was recently recognized as a 2018/2019 Top 5 New Zealand SheEO funded Venture.  She reveals how her passion for words and has helped craft the marketing message for the Hello Cup company and how social media is giving a voice to people who want to be an entrepreneur and start a company. Robyn also describes how the mindset of having faith in yourself and your idea is key to turning an idea into

Financial fitness can seem like a dream that you can never bring into reality. You might feel like you are not good with money or that since your family is not good with money, you are doomed to repeat this pattern. Maybe you have debt, haven’t established an emergency buffer, or are merely surviving from one month to the next without saving for the future.   Today, I share the three lessons I have learned about financial fitness from Rihanna and Jay-Z. I share why your previous decisions and childhood circumstances shouldn’t impact the way you plan your financial future and the steps you can take to improve your financial success. I share how hard work, determination, and a positive attitude can help you create the financial freedom you deserve. I also reveal how Rihanna and Jay-Z’s inspirational financial stories can be used to help you gain a prosperous financial future. “Financial fitness is all about the movement on the financial fitness spectrum. Each person can improve their level of financial fitne

Beau Humphreys, Personal Finance Coach, helps people get their personal finances on track. He is also the host of The Personal Finance Show, which shares personal finance stories. Since going through a consumer proposal 8 years ago, Beau has transformed his finances and is now a regular financial blogger and accountability coach for others that are struggling with their finances. Beau has a Bachelor’s Degree in Administrative and Commercial Studies from Western University and has worked as a Tour Finance Manager with Live Nation Global Touring.   Beau joins me today to share his story of dealing with a gambling addiction and how it lead to him becoming a personal finance coach. He reveals simple ways to manage your finances, from recognizing how much you earn to creating a simple financial plan. He highlights the importance of knowing where your money is being spent and stresses caution about using credit cards. He also shares how to get started with building savings and why jumping into investing does not ne

Jocelyn Molyneux is the Founder of Wastenot Farms, a company that uses red wiggler worms to recycle and compost food and paper waste from offices in Toronto, creating a nutrient-loaded soil booster for urban gardeners. Jocelyn has worked for companies such as ZooShare Biogas Co-operative, Pride Toronto, and Turtle Island Recycling Corporation. She has an M.A.Sc. in Environmental Science and Management, a Bachelor of Business Administration Management and a Bachelor of Science in Psychology and Neuroscience from Bishop’s University.   Jocelyn joins me today to share her motivations and the experiences that led to creating a business. She highlights how she became a specialist in her field and how vital it was for her success. She describes how a full-time job supported her while developing her business. She also shares how important it is to invest in yourself and consider whether financial risks are worth taking. “Really drill down and become an expert. Once you’re an expert, you’re that much more valuable

Lana Sanichar is the President and Editor-in-Chief of Canadian MoneySaver, an independent investment advisory magazine and the co-host of The MoneySaver Podcast, a show which helps educate Canadians about money, saving, reducing debt, increasing assets, and safeguarding interests. Leading the Women’s Financial Awareness Group in her hometown, she helps inspire other women to take control of their finances. Lana also writes for several publications such as the Kincardine Independent and Costco Magazine.   Lana joins me today to share her story and explain the importance of having the right mindset to achieve financial fitness. She shares the three key elements that helped her secure her financial future, such as starting to save and invest as early as possible. She explains why it’s vital to invest in your education and to find mentors that can help you along the way. She also shares the incredible power of compound interest and how seeing it in action creates an addictive saving nature. “Mindset is such a

Talking with your family about your money and financial demands can be a difficult conversation, but it is certainly an important one. Over 96% of families with children between 18-35 admit that they help their children with their financial burden - including life expenses such as rent and groceries, often at the expense of postponing their retirement. While it can be tempting for young adults to stay in the mindset of accepting financial help from your family or to believe that your family should be taking care of you, how would you feel if it meant that they weren’t taking care of themselves?   On today’s episode, I explore how the financial demands of many young adults could be hurting their families and loved ones. I discuss ways you can help yourself and your family to become financially fit, why it’s important for parents and their children to communicate the financial demands that will impact everyone involved, and how a little planning and preparation can help you meet your financial goals without hur

Sandra D'Souza is the Founder and Managing Director of Sandstone Solutions Group, a boutique recruitment company that conducts candidate searches for organizations of all sizes and across all sectors, including the private equity and not-for-profit sectors. Sandra is a business professional with over 20-years of experience in senior recruitment and financial roles. She has previously held positions as the Director of Recruiting and is currently an active participant with the Mississauga Board of Trade. She has an Honors Bachelor of Commerce degree from the University of Ottawa and obtained her CPA, CA designation. Sandra is passionate about helping organizations connect and recruit employees and build winning teams.   Sandra joins me today to share advice that will make you a star candidate for your next employment role. She shares the crucial investment and financial lessons that she has learned throughout her life and career and explains what happens during a recruiter's call screening process. Sandra also

Many people find themselves in debt or suddenly realize that they aren’t making any savings or building a retirement nest egg. It can be hard to know where and how to start clearing debt. You may feel that you don’t have the financial knowledge to create a plan, start saving or make investments. It is also easy to make excuses or tell yourself stories to feel better about not doing anything to improve your financial situation.   Today, I share three myths that are sabotaging your financial fitness. I reveal how you can break the cycle of not taking action and how you can build upon your first steps towards financial fitness. I discuss the benefits of setting up a financial plan to clear debts and begin saving or investing. I also highlight the need for a budget that still lets you live a fun and fulfilling life as well as emphasize the importance of having an emergency fund and saving for retirement. “You don’t need to know everything to take positive action. Start with one positive action.” - Tracey Bisset

Ann Marie MacDougall is the Founder and President of LeaderBoom, an organization on a mission to foster high performing cultures through leadership coaching, development, and consulting. Ann Marie started her career in the banking industry, managing diverse multi-cultural teams. She has a passion for helping teams and leaders recognize solutions to complex challenges, encouraging supportive behaviors, and releasing their full potential. She has an MBA from The Rotman School of Management in Toronto and has received the Directors Award for Women Manager.   Ann Marie joins me today to share how LeaderBoom is helping newcomers to Canada, particularly women, with professional and entrepreneurial skill sets. She reveals the skills, attitudes, and openness that allow global leaders to find success and encourages newcomers to recognize these and make people aware that they have them. She also shares her views on what Canada will need to do to be prosperous in the future and highlights the entrepreneurship hub for wo

Roller coasters are without a doubt the highlight of every theme park enthusiast. The multiple twists and turns, the climb and the drop that seems to never end, riding a roller coaster will definitely get your blood pumping. As fun as a roller coaster ride can be, the way you manage your finances shouldn’t replicate the ups, downs, and nauseating turns that ride makes.   Today, I share tips on how you can avoid financial roller coaster rides. I describe the similarities between roller coaster rides and common financial woes. I discuss the logic behind the tips I provide and cite multiple real-world scenarios which you may or may not relate to. I also explain how you can be in charge of your finances without being stressed out. “No matter your level of knowledge or financial acumen, you are in charge of your financial life.” - Tracey Bissett This Week on Young Money:   Strategies for taking control of your financial situation and increasing your financial acumen. How planning your finances and setting sh

Laurie Campbell is the CEO of Credit Canada Debt Solutions Inc., the longest established non-profit credit counselling agency in Canada. Laurie is recognized as an expert in personal finance as well as an advocate for consumer protection. She is on the Board of Credit Counselling Canada and Chair of the Advocacy Committee. She is a former member of the Task Force on Financial Literacy and was the President of the Credit Association of Greater Toronto.   Laurie joins me today to share how Credit Canada Debt Solutions is helping people who are struggling with debt and managing their finances. She reveals the financial trends that are concerning many Canadians and the negative role that social media is having on people today. Laurie shares the four pillars of money management that form essential life skills and tips that will help you manage your finances and reduce the amount of stress that you may feel about your debt. “By having a lifestyle plan that gives you some fun, but recognizes the need for savings

With summer approaching, many people are planning their weddings. Wedding planning can be stressful, particularly in terms of creating a wedding celebration on a realistic budget. If you are planning a wedding soon, then the expenses should also have you thinking about how these costs will affect your future financial goals.   Today, I share everything you need to consider when planning your wedding budget. I discuss the key questions you should ask yourself and your significant other before tying the knot, why you should consider how your wedding costs might affect your future goals and the importance of creating a contingency plan for things you may have overlooked early-on. I also explain what a prenuptial arrangement is and why you should consider talking with your partner about entering into one. “Before you start setting a wedding budget, it’s important to consider what other financial commitments you may have on the horizon based on your goals.” - Tracey Bissett This Week on Young Money:   The im

Sean Cooper is an independent mortgage broker, international speaker, personal finance writer, and the author of  Burn Your Mortgage: The Simple, Powerful Path to Financial Freedom for Canadians. His articles on personal finance have been featured in multiple publications such as the Toronto Star, Globe and Mail, MoneySense, and Financial Post. He has made regular appearances on several national television and radio shows including the CBC News Network, Global Morning Show, and Bell Media’s Bell Local Super Savers Show where he discusses topics related to personal finance, pensions and retirement planning, and mortgages and real estate.   Sean joins me today to share how he paid off his mortgage in three short years. He shares tips that can help you get and burn your mortgage at an earlier date, the inspiration for writing his book, and why he feels more focus should be put on financial literacy through the school system. He also shares the criteria that mortgage lenders are looking for and how you can prepar

Spring is an excellent time of year when nature and new life spring into action. This makes spring the perfect time to review your finances and to make sure you reach your goals, reduce your debt, save money, and protect yourself against the unknown and unexpected things that life can throw your way. It’s time to get your finances organized.       Today, I share how to spring clean your finances with a series of tips and clear, practical advice. I review how you can clear your debt and start to save more. I share why you need an emergency fund and explain the importance of spring cleaning your paperwork and financial documents. I also explain why it’s important to review your insurance needs and explain how checking your credit score annually can help you find errors and quickly address them. “Pay off small debts first and get that personal satisfaction of clearing a debt.” - Tracey Bissett This Week on Young Money:   How to adjust your goals if you are meeting them. How to adjust your goals if you are

Preet Banerjee is the author of the personal finance books Stop Over-Thinking Your Money!: The Five Simple Rules of Financial Success and RRSPs: The Definitive Guide to Registered Retirement Savings Plans. He is a personal finance commentator, keynote speaker, and consultant.  He trained as a neuroscientist and was a race car driver, before becoming a stockbroker and an index fund wholesaler. Additionally, he is a TED Talk speaker and a contributing author for The Globe and Mail. He also hosted the popular show Million Dollar Neighborhood on the Oprah Winfrey Network.   Preet joins me today to share his five simple rules to financial success and what inspired him to write his book, Stop Over-Thinking Your Money!: The Five Simple Rules of Financial Success. He reveals the impact that your emotions can have on your financial decisions and explains why it’s vital to ‘disaster-proof’ your life. He also reveals how making little changes to your saving habits can have a massive effect, debunks some of the most c

Melissa Leong is recognized as one of Canada’s leading personal finance authorities. She is the author of Happy Go Money, a feel-good guide to finances. As a best-selling author and personal finance writer, she has over 15-years of journalism experience ranging from interviewing heads of state, celebrities, and royalty. Additionally, Melissa is the on-air personality and resident money expert of CTV’s leading daytime talk show, The Social and is recognized as one of Canada’s leading personal finance authorities. She is on a mission to help Canadians manage their money while maximizing their happiness.   Melissa joins me today to discuss the critical factors she feels helped her achieve success. She shares the financial lessons she has learned throughout her career, the inspiration for her book, and the connection between happiness and money. She also explains her perspective on spending money to achieve happiness, how to achieve happiness without spending money, and the criteria you should consider before ma

Rob Brown is a personal finance speaker and the author of Wealthing Like Rabbits: An Original and Occasionally Hilarious Introduction to the World of Personal Finance. Released in 2014, Wealthing Like Rabbits became a Canadian bestseller. The book has been featured in multiple publications such as The Globe and Mail, Reader’s Digest, and MoneySense Magazine, and is highly regarded as a must-read book on personal finance. Rob writes a monthly column that appears in the MoneySense magazine and often speaks at universities and colleges about how to manage money better. He is also a frequent speaker at business and trade organizations such as Chambers of Commerce and Sales and Networking groups where he shares the business lessons he has learned as a self-published author.   Rob joins me today to share the inspiration for his book and the financial tips that have helped him find financial stability and success. He explains the vital financial lessons that are essential for students and young adults to learn early

Canadian business owners and entrepreneurs shouldn’t lose sight of the risk of internal and external fraud. The dangers of fraud are real, and it is a misconception to think that fraud only happens to big firms. A business and its employees can be at risk of many kinds of fraudulent crimes. Companies are at even higher risk now that many parts of business operations take place online, so it is vital to protect against cybercrime.   Today, I share 6 tips on how to protect your business from fraud. I reveal the different types of internal and external fraud that entrepreneurs and small to medium-sized business owners should be aware of and stress the importance of keeping your business vigilant against risks. I also share practical tips that any business can implement to protect themselves against fraud. “As business owners, we owe it to our customers, employees, and to our industry as a whole, to make sure that we are protecting everything related to our business.” - Tracey Bissett This Week on Young Money: