Young Money With Tracey Bissett

Céline Williams is the Founder and Chief Strategist at reVisionary, a company that helps conscious companies and entrepreneurs develop healthy and successful businesses, in a human-focused way. She is a speaker who values communication, authenticity, and innovation, with 15 years of experience helping Fortune 1000 companies that are experiencing fast growth. Céline has a BA in English Literature, Sociology, Anthropology, and History from the University of Toronto and the University of St. Michael’s College.   Céline joins me today to share her story and love for working in the field of communication, people, and business relationships. She reveals what it takes to become successful and shares the challenges she faced while building her business. She explains how to successfully work in remote teams and shares essential tips for people working in or managing remote teams. She also dispels some of the common myths that surround remote workers and their productivity. “A really effective team brings together di

Many people have heard of or become interested in the opportunities offered by Multi-Level Marketing companies (MLM), also known as pyramid selling, network marketing, and referral marketing. This strategy for selling products or services sees the revenue of the MLM company coming from a non-salaried workforce, who in turn earn through a pyramid-shaped or binary compensation commission system, as well as through encouraging new people to join. If you have witnessed friends navigate an MLM arrangement, then you may be wondering if an MLM is an appropriate opportunity for you.   Today, by special request, I am sharing insights into how Multi-Level Marketing systems work and the questions to ask to understand the opportunities offered. I reveal the type of person that MLMs will and will not suit and a series of questions that are vital to ask before enrolling in an MLM contract. I also explain what research you should do on an MLM company and stress the importance of understanding the terms and conditions of the

Dr. Jordin Wiggins is the Founder of Health Over All Inc., a clinic focused on treating women’s health concerns with personalized care plans. She is a doctor of Naturopathic Medicine and focuses on a whole body and whole health approach to addressing the root cause of health issues. She has a Bachelor of Naturopathy and Naturopathic Medicine from the Canadian College of Naturopathic Medicine and a First-Class Honors Bachelor’s Degree in Health Science from Brock University.   Jordin joins me today to share her inspiration for starting her business and going beyond the ‘take this pill’ approach to treating women’s health issues. She reveals the mindset and perseverance that has made her an entrepreneurial success and shares the financial challenges of starting a business and finding financial support after leaving higher education with student debt. She also shares her views on finding happiness by focusing on your health and well-being. “Doing more of what works and stopping doing what doesn’t, makes a big

It can be challenging to prepare and find effective ways of planning for your future. In particular, people find it hard to plan for buying their first home or re-starting their education at a later time. Young adults may understand that starting early to plan their financial future is critical, but it is also vital to understand the financial planning options and programs that are available to Canadians.  Today, I’m sharing a short, targeted program on RRSP withdrawal programs. I reveal what a Registered Retirement Saving Plan is, how they work, and explain how an RRSP is established with the Canada Revenue Agency, by you, your spouse, or your common-law partner.  I share how you can withdraw funds from a RRSP to build or buy a qualified home through a program known as a Home Buyers’ Plan (HBP). I also share how the Lifelong Learning Plan (LLP) can be used to fund your education or retraining.   “If home ownership is a goal, then you should get your RRSP started as early as possible.” - Tracey Bissett Thi

Jackie Porter is one of Canada’s most recognized, award-winning financial planners, the founder of Ask Jackie, and the co-author of Single by Choice or Chance: The smart woman’s guide to living longer, better. She has worked in the financial services industry for nearly 20 years, serving thousands of families, businesses, and professionals in the Greater Toronto Area. She has been featured in various publications including Wealth Professionals, Investment Executive, Forum, and The Globe & Mail and has shared actionable, easy-to-understand advice at business conferences as well as on TV, radio, and through the podcast medium.   Jackie joins me today to discuss the importance of financial resiliency and how you can put a plan in place to become financially resilient. She discusses the uncertainty and disruptiveness of modern times and explains how you can put a financial plan in place to prepare for the unexpected. She also explains the importance of living below your means, developing a savings plan, and

As young millionaires-in-the-making, it’s critically important to master the art and skill of managing your money and understanding your finances. Whether you’re a student, recent graduate or entrepreneur your financial literacy is key to building a future of financial success.   It’s the key that unlocks the feeling of freedom, empowerment, and financial fitness.   On today’s episode, I share how I help young adults and entrepreneurs unlock their financial fitness. I share how I work with young adults, parents, educators, financial institutions and entrepreneurs improve their financial literacy. I also share the various ways you can begin working with me in 2019 on your journey toward financial fitness. “The mission of Bissett Financial Fitness Inc. is to make the world a more prosperous, empowering, and financially fit place by advancing people and business owners into positions of financial knowledge, confidence, and power.” - Tracey Bissett This Week on Young Money:   The mission of Bissett Financia

Financial lessons can be found in many things and there are a lot of people, groups, and businesses who can be viewed as a source for inspiration.  Musicians, bands, and celebrities are a great example of this. To find long-term success, they need to employ a variety of skills and have an attitude that will ultimately end in financial rewards and personal happiness.   Today, I share 5 financial lessons we can learn from Maroon 5 and lead singer, Adam Levine. I explain why it’s important for entrepreneurs and investors to stay focused on their long-term goals, even in a volatile market. I share why you need to be adaptable and willing to try new things and the impact that showing gratitude, appreciating what you have, and giving back to your community can have on your financial success. I also explain why it’s important for entrepreneurs to align their passion with their values and how it impacts their ability to achieve financial fitness. “When you align your passions and your values, and you’re able to make

Shannon Lee Simmons is the Founder of the New School of Finance, an unbiased advice-only financial planning school. Shannon is a Certified Financial Planner, a Chartered Investment Manager, and a public speaker. She is the celebrated author of the national bestseller Worry-Free Money and has penned a new book called Living Debt Free: The No Shame No Blame Guide to Getting Rid of Debt. Shannon is a financial expert on The Marilyn Denis Show and a columnist for CBC’s On the Money and Metro Morning. She has a BAH in Economics and Finance from Queen’s University.   Shannon joins me today to discuss her new book, which details a practical approach to eliminate debt and work toward living debt-free. She shares the principles of her plan to help people out of debt which includes key strategies and a step-by-step approach that will help you quickly clear your debt. She also shares several vital components of financial planning including creating a ‘Debt Map’ and why ‘Debt Stacking’ is the most efficient approach to r

Colleen O’Connell-Campbell is the lead of O’Connell-Campbell Wealth Management at RBC Dominion Securities Inc. She specializes in creating financial plans and strategies for wealthy families, self-made millionaires, and entrepreneurs spend, save and share their wealth. Colleen is the host of the podcast I’m a Millionaire! So Now What? She has a Bachelor of Commerce from Carleton University and has worked in banking and financial planning since 1994.  Colleen is a mother of two and is passionate about local causes and her community.   Colleen joins me today to share how she is helping families find financial fitness through budgeting, planning, saving, and investment. She reveals the questions that she asks when creating a financial goal, along with the common themes and mindset that will help people find financial fitness. Colleen introduces her podcast, the topics it explores, and the types of experts featured on the show. She also shares the common traits that she has noticed in entrepreneurs and wealthy f

Emmy Roberts is the Co-Founder of Sercy LLC, a company that curates gifts online to spread kindness ‘one gift at a time.’ She is responsible for the marketing strategy and social media platforms for the company and works closely with suppliers and small businesses that share the company’s mission. Initially starting as an intern, Emmy works with the Product Development team of E by Design, a home textile print-on-demand company. In 2020, Emmy expects to graduate from the Queens University of Charlotte with a Bachelor of Arts in Studio Art. She is also a Young Elite and completed the Young Elites Leadership Summit, a program that helps young women build confidence, leadership skills, and life skills.   Emmy joins me today to share her passion for kindness and Sercy’s mission for spreading more kindness throughout the world. She describes the business model used to create the company and how being open to new opportunities to gain experience has contributed to her success. She shares the challenges she faced re

Jessica Moorhouse is a millennial money expert, host of the Mo’ Money Podcast, and the founder of Millennial Money Meetup, a financial literacy event for young Canadian adults. She is an Accredited Financial Counselor Canada®, a public speaker, an award-winning finance blogger and appears as a regular guest on CTV’s Mind the Gap. Additionally, she is frequently featured in publications such as the Huffington Post, The Globe and Mail, Yahoo Finance, and Metro News.    Jessica joins me today to share how she helps people in financial debt to build their financial confidence and improve their money mindfulness. She explains what Money Mindfulness is and highlights the six steps of her Money Mindfulness Challenge. She also shares her experiences of tracking finances and adjusting her spending habits and explains how many millennials are following a new trend of shopping minimalism.      “Once you educate yourself, you arm yourself with that knowledge. You also then get rid of this crazy anxiety and fea

People think about money in different ways. Our relationship, interpretation, and interaction with money play a significant role in our money mindset. Your views on money might have been created during childhood, but the people that you are closest to can also affect the way that you feel about it. So, how do you change the way you think and feel about money? How do you shift your thoughts from a “scarcity” point of view to a mindset based on abundance and gratitude? Today, I explain what ‘money mindset’ is and share the two primary mindsets most people have regarding money and finances. I explain how your mindset around money impacts your daily financial decisions and ability to achieve your financial goals and explain the difference between a scarcity mindset versus an abundance mindset. I also share how you can assess your money mindset through personal reflection and discuss ways that you can manage your relationship with money through a series of strategies designed to change your money mindset. “Your

Stacey Ann Berry is the founder and CEO of Bstellar Consulting Group, an organization dedicated to helping individuals, private companies, and non-profit organizations develop the soft skills and community they need to thrive in business through interactive workshops and consulting services. She is a published author and highly sought-after speaker who has presented engaging and inspiring keynotes at world-renowned institutions such as Ryerson University, York University’s Schulich School of Business, and the University of Toronto as well as a virtual presentation for SheEO World’s Online Learning Lab.     Stacey has received multiple awards and recognition for her excellent services and support, including the Outstanding Contribution to Student Experience Award by York University, the Women of Courage - Young Leaders Award by the Endless Possibilities and Hope Development Organization, and one of the top 100 Accomplished Black Canadian Women.   Stacey joins me today to share her journey as an “accidental ent

The Young Money Podcast is one year old, and the feedback and reviews I’ve received from my listeners have truly been heartwarming. Over the last year, it has been my privilege to help young millionaires-in-the-making demystify personal finance concepts and learn strategies to become financially fit through the stories, insights, and successful entrepreneurs we have featured on the show.   On today’s special episode, I answer some of your most pressing questions on money and finance. I explain the difference between government and non-government student debt, why you should not comingle these types of debt, and strategies you can use to evaluate and consolidate your debt. I explain how university students can still apply for scholarships, even after they’ve started their post-secondary education. I also share what you should consider when taking out a line of credit and how some outstanding lines of credit can impact your ability to qualify for certain loans.   “Certainly, when you graduate school - whether i

Are you prepared for a financially fit holiday season? Since Halloween, we have been bombarded with holiday decorations, advertisements, and sales to prod us into the holiday spending spirit. What does this mean for you, and what actions can we take?   On today’s episode, I share with you some key economic realities for Canadians and provide tips to help you prepare and maintain your financial fitness during this giving season. I’ll also explain what influences people’s spending decisions and why it’s important to create a list and maintain a budget, especially during the holiday season.   “Year over year, prices are the main driver of how people are choosing to spend their money” - Tracey Bissett   This Week on Young Money: The reality of financial stability for most Canadians The evolution of gift giving Where the consumer’s money goes and how it breaks down What influences spending decisions, and shopping habits The importance of creating a list and a budget Looking for unforeseen costs What starting new

Deborah Williams has 20 years of experience in the Capital Markets and Financial Services industry with a focus on retirement planning, real estate and commercial lending, and trading derivatives. She is a financial services expert and a Professor at The Business School at Centennial College where she also coaches the Financial Planning Case Competition teams. Recently, her team won the Canadian Institute of Financial Planning Regional and National Championships. She has an MBA in Finance and Marketing from the University of Toronto – Rotman School of Management and has an Honours Co-op Bachelor of Environmental Studies, Urban and Regional Planning from the University of Waterloo. She is a member of the Desjardins Financial Security Independent Network and sits on the board of multiple local organizations including the Caribbean Chinese Association.     Deborah joins me today to discuss what insurance is and why you need it.  She explains the difference between life insurance, critical illness insurance, disa

Many people struggle to deal with financial planning and debt, leading to high levels of stress and anxiety. Struggling with your finances can affect all parts of your life, and it can be hard to reach your life goals when you are dealing with such a burden.  If financial planning or debt is affecting you, then you are not alone. Canadians have more debt than ever before, and half of all Canadians couldn’t meet their financial obligations if their paycheck were delayed by even one week.   November is Financial Literacy Month in Canada. On today’s episode, I discuss how The Financial Consumer Agency of Canada(FCAC) is raising awareness and educating people so that they can increase their financial acumen. I share my thoughts on the fundamental life skill that you need and how creating an effective financial plan can help you get out of debt. I also reveal how you can begin to invest in your financial well-being, make a budget, and start a savings plan.   “When you understand what’s important to do, how you a

Doug Hoyes is the co-founder of Hoyes, Michalos & Associates Inc., a personal insolvency firm that helps consumers in need of debt relief. He is a passionate advocate for ensuring that people find the right solutions to their debt problems. Doug has a BA from the University of Toronto and is a Chartered Professional Accountant and Licensed Insolvency Trustee. He is the author of Straight Talk on Your Money: The Biggest Financial Myths and Mistakes…and How to Avoid Them, hosts the popular Debt Free in 30 weekly podcast and regularly comments in media publications such as the Globe and Mail, Global News, CBC, and BNN Bloomberg.  Doug joins me today to explain the difference between consumer proposals and bankruptcy. He explains the work of a licensed insolvency trustee and how they help individuals find legal debt solutions. He explains the concept of garnishments and how they work as well as when to consider seeking a consumer proposal or filing for bankruptcy. He also shares sound advice surrounding debt

Almost everyone will need to make use of credit at some point in their lives, whether it’s by applying for a loan, credit card or a line of credit. There are many things that lenders take into account when you apply for credit, and the assessment of these will result in either a positive or negative lending decision.   Today, I am sharing insights into how a bank decides whether or not to give you a credit card, loan, or line of credit. I explain the 5Cs of credit and the evaluation process that takes place when you apply for credit from financial institutions or retail stores. I also share some best practices to help you stay on top of your finances and obligations.       “Character is often the big decider as to whether or not money is lent.” - Tracey Bissett      This Week on Young Money:  Understanding your debt service capacity and the Total Debt Service Ratio (TDSR).  How lenders score your financial reputation aka your credit score.  What role your character plays in the decisi

Brittany Pickrem is the owner of a boutique design agency where she helps businesses and entrepreneurs build and boost their brand with smart, sophisticated design services that will help them get noticed while breaking free from the visual clutter. She has worked with personal brands, non-profit organizations, and large corporations such as People Bright Consulting Inc., the IWK Foundation, Bissett Financial Fitness Inc. and Helping Nature Heal. With over 11 years of brand design experience, she understands the power of a great brand and how it can transform businesses.    Brittany joins me today to talk about her mindset shift from creative, to CEO and how she’s learned to scale her business. She explains the importance of grit and determination, no matter the circumstances, and why building a strong support network is essential to any entrepreneur’s success. She also shares her financial revelations and biggest tips for those who are just starting out or trying to scale their business.      “If