Young Money With Tracey Bissett

Anjali Pradhan, CFA, is an investment coach to women through her business Dahlia Wealth. She teaches women to invest their money so that they can grow their wealth and live a life filled with opportunity, and her services are offered through a unique online program called “Investing for Boss Ladies.” In this episode, Anjali will be joining the show to share her expertise on investments and explain how you can start getting involved in investing today. Listen in as she describes how to get diversification in your money and why you should always start investing at an early age rather than waiting. You will learn the benefit of hiring a professional or asking for help when you start thinking about investing, as well as several mistakes to avoid in the process. “When you are a business owner, you set the hours.” - Anjali Pradhan    This Week on Young Money: Anjali’s background and how she got involved in finances. The challenges she faced as a woman in finances. How she has found a work-life balance. Success ti

Deciding on a purchase can be harder than it seems. As a society, we are bombarded with choices and advertisements are everywhere fighting for our attention. People go about the buying process in many different ways, from researching everything to making a split-second decision on what to spend their hard-earned dollars on. So, in this episode, I am going to walk you through my purchasing pro tips to give you confidence the next time you are thinking about making a purchase. Listen in as I share the importance of contemplating whether you actually need an item before you spend money on it and how to decipher if you can actually afford it. There is nothing worse than buying something and then never using it. Not only did you waste your money, but you deprive yourself of something else you could have had instead. But if you follow these tips, they'll help you avoid this issue moving forward. “The first thing we should be thinking about is: do we need what we are contemplating buying?” - Tracey Bissett     This

Today I’m going to be sharing how to maximize your employee benefits package. You’ve heard me talk about the importance of reading through legal agreements before, and the same is true when it comes to this area. Read everything related to your benefits, make notes, ask questions, and ask for a guide. To help you understand the important parts to be looking at, I’m going to break down the benefits into two groups: money for you and money savings for you. Listen in as I explain what an Employee Stock Plan is, as well as why you should always take advantage of employee matching through RRSP or TFSAs. You will learn the importance of reassessing your benefits annually and after any major life event, why you must understand what comes with naming a beneficiary, and how to utilize your Employee Assistance Plans. “Reassess your benefits if you have a life change, typically a marriage, divorce, or new dependent like a baby.” - Tracey Bissett     This Week on Young Money: How to make the most of your employee benef

Sabita Singh is the President of Trivetta Consulting Inc, which she formed in 2018. After recognizing the power of LinkedIn, Sabita specialized in becoming a strategic LinkedIn coach, trainer and speaker. She is now known for writing all-star LinkedIn profiles for her clients to improve their visibility. Today she joins the show to discuss how to build an ACTIVE presence on LinkedIn to attract new career and business opportunities. Listen in as Sabita shares the importance of staying in contact with your network regardless of how busy you may be with your career. You will learn the importance of having an emergency fund, how to add the right individuals to your network and how to write the perfect LinkedIn profile. “No matter how busy you get in your corporate job, take time to engage with your network because you never know when you’re going to need help from someone.” - Sabita Singh This Week on Young Money: How to use LinkedIn to build a professional brand. If you can use LinkedIn to grow a business. The

I am passionate about helping young millionaires in the making accomplish their goals by becoming financially fit, and a key part of this equation is education. Unfortunately, paying for school can be stressful, but it is possible for you to reduce the financial burden with scholarships. So why not make use of other people’s money? In today’s episode, I am going to share secrets to scholarship success to make it easier for you to secure scholarships. Listen in as I explain the benefit of taking the time to apply for a scholarship—even if you are not in serious financial need or there are many other applicants. You will learn the best time to apply for a scholarship (hint: you can apply at any time!), why you should not solely rely on school-provided scholarships, and how to stand out from the crowd of applicants. “Use the opportunities that don’t cost you anything and are going to give you opportunities to build your resume and make you stand out.” - Shelley Clayton This Week on Young Money: Why your grades

We are all in different places in our financial fitness journey. Similar to physical fitness, we could be taking our first step off the couch to walk around the block, or we could be further along and training for a marathon. It is the same when we talk about financial fitness—we could be simply learning about credit cards, or we could be learning to become sophisticated investors. So, in this episode,  I want to go back to basics and talk about financial literacy, specifically what you are doing to advance yours.  Listen in as I explain what financial literacy and financial resilience are, and share several steps you can take to increase both of these areas in your life. You will learn the importance of consistently moving toward your goals, how to ensure your finances match your goals, and the benefit of seeking professional advice when you are unsure. “Everyone’s pace on the journey looks different.” -  Tracey Bissett This Week on Young Money: The importance of taking small actions every day to move towar

We have been fortunate to have so many amazing guests on the show over the years, sharing their stories and knowledge with us. From children as young as seven to young adults making waves in the investment space, these millionaires in the making have so much wisdom to give. So, in this episode, I want to provide you with some of my favorite clips from several of these incredible young folks. Listen in to hear what inspired and motivated these young investors to begin investing, as well as the lessons they have learned throughout their journey. You'll learn about the strategies they use to build their wealth and their portfolios and more. “Think of money as a tool. You have to learn how to use it, make it, and make it grow.” -  Leanna Haakons This Week on Young Money: How many people have graduated with student debt. Why it is essential to be aware of the costs of your education. Why you must have an understanding of what credit card debt can lead to. Common misinformation around investing. How much money yo

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