Young Money With Tracey Bissett

With more than 15 years in the world of finance, Kalee Boisvert, MBA, champions the cause of financial empowerment. She's set to release two books in 2023: MoneyWise Mabel’s Bursting Bank, a children's book, and Make Money Your Thing! a non-fiction guide. In this episode, Kalee dives into empowering women in finance, untangling financial stress, and practical steps to take control of your financial journey. Listen in as she shares tactics to remove stress and create a positive relationship with money. You will learn the importance of taking small actions every day and the preliminary steps towards financial well-being, including cultivating a healthy money mindset and understanding your present financial standing. Kalee also explains the value of dedicating time to financial growth while avoiding the pursuit of perfection, instead embracing your own financial uniqueness.  “Women being financially empowered and feeling good in their finances benefits everyone.” - Kalee Boisvert This Week on Young Money: How

Ever wondered how to enjoy big events like a Taylor Swift concert without sinking into debt? Shannon Terrell is a renowned writer for NerdWallet Canada and holds a bachelor’s degree from the University of Toronto. Her work has been featured in prominent publications like Black Enterprise, Finder, and Yahoo! Finance, and she joins the show today to share insights into the financial implications of major events like concerts for fans and attendees. As the excitement builds for Taylor Swift's 2024 tour, Shannon Terrell offers an insider's perspective on NerdWallet, as well as how to navigate ticket challenges, avoid scams, and make the most of your concert experience without overspending. From budget-friendly travel tips to the real value of concert merchandise, we've got you covered! "The last thing you want after spending that kind of money is to be ripped off or scammed.” - Shannon Terrell This Week on Young Money: A day in the life of Shannon Terrell and an inside look into NerdWallet. The frenzy around Tay

Welcome to this milestone episode of Young Money! I'm overwhelmed with gratitude as we mark our 300th episode. The podcast has reached listeners in over 40 countries, with more than 335,000 downloads. This isn't just my achievement; it's ours. It's a testament to our shared commitment to financial education and your unwavering support. Together, we've championed the cause of financial fitness as a fundamental life skill and empowered countless young adults and entrepreneurs. You, the listeners, are truly the soul of Young Money. Your engagement, insightful reviews, and invaluable feedback have all shaped this podcast into what it is today. As I eagerly anticipate our next 100 episodes, I'm reminded of the sheer joy of podcasting, the hurdles we've crossed, and the recognition we've received, like the Financial Literacy Champion Award from the IFSE Institute. Here's to celebrating more milestones, diving deeper into financial insights, and nurturing a community that only grows stronger! “I’m on a mission to re

Are you unknowingly falling prey to a troubling trend of financial exploitation in your platonic or romantic relationships? This summer has been an eye-opening experience for me, as I've witnessed and heard countless stories about individuals facing financial exploitation. It's a concerning trend that we need to address and reverse, and that's precisely what we'll tackle in this episode. Throughout my years of experience in personal finance, I've helped many people navigate these tricky situations. Today, I'll share insights into identifying red flags that may indicate someone is taking advantage of your financial standing. We'll dive deep into the subtle and more obvious signs of financial exploitation and equip you with the tools to protect yourself and your financial well-being. “Sometimes other people can see situations more clearly than we can.” - Tracey Bissett This Week on Young Money: How to identify warning signs of financial manipulation in your relationships. Strategies to assert yourself confiden

The release of the Barbie movie has captured the spotlight, with its colossal marketing budget dominating current events. This 2023 American fantasy comedy film brings to life the beloved Barbie fashion dolls in their first-ever live-action adaptation, featuring Margot Robbie as Barbie and Ryan Gosling as Ken. Amidst the fantasy and comedy, the movie weaves profound themes of existentialism and the pursuit of self-identity, challenging societal norms and predetermined paths. In this episode, I will be sharing the financial lessons inspired by Barbie's illustrious career.  With over 200 jobs to her name, Barbie exemplifies financial self-sufficiency, becoming a symbol of empowerment as she owns her home, car, and more. Through Barbie's journey, we learn the significance of staying true to our values and goals, refusing to be swayed by external pressures or comparisons. The movie highlights the importance of seeking support when needed, understanding that we don't have to navigate our financial journeys alone.

Today Reni Odetoyinbo, content creator, marketing consultant, and finance educator, joins the show to share resources for career development and financial literacy. After achieving the remarkable feat of purchasing her first house at the young age of 23, Reni became determined to empower Black individuals with financial knowledge. In this episode, she dives deep into the importance of taking calculated risks and having the courage to embrace a leap of faith. Reni emphasizes the significance of building an emergency fund, pivoting when necessary, and the benefits of establishing multiple streams of income and investment accounts. Listen in as she encourages you not to wait, but to embark on your financial journey now and shape your own financial destiny. “Having one stream of income is too close to having none.” - Reni Odetoyinbo This Week on Young Money: The importance of taking a leap of faith. Why you should take calculated risks. The value in being willing to learn new things. Why budgeting is key. What f

Joining the show today is Scott Stirrett, the Founder and CEO of Venture for Canada (VFC), a national charity that empowers young Canadians with entrepreneurial skills and mindsets. In this episode, Scott shares the inspiring story behind the inception of VFC and discusses its mission and target audience. Whether you're a post-secondary student or a graduate seeking to develop entrepreneurial abilities, Scott provides invaluable guidance on how to pave the path to success. Listen in as he highlights common missteps made by students in their pursuit of entrepreneurial learning and offers advice to parents and family members on supporting the students and graduates in their lives. You will learn the importance of embracing new experiences and taking calculated risks, why having an open mind is crucial, and more. “One of the most important things that a young person can do is be willing to have an open mind and try out new things.” - Scott Stirrett This Week on Young Money: How Scott came up with the idea for V

In this episode, Michelle Dittmer, an educator and youth advocate, joins the show to shed light on the transformative power of a gap year. Michelle founded the Canadian Gap Year Association, recognizing the potential of a gap year to address mental health challenges, lack of clarity, and skill gaps among youth. Throughout our conversation, Michelle explores the benefits of taking a gap year, emphasizing its positive influence on the mental well-being of young individuals, as well as the valuable lessons and personal growth that can be gained. Listen in as she explains the impact of a gap year on post-secondary education and the importance of taking time to recharge to set yourself up for success. You'll learn why Michelle advocates for providing young people with adequate support and life experiences before making significant life decisions, as well as insights into how to make the most of a gap year, both before, during, and after the experience. “A gap year is a purposeful and intentional break away from yo

Today we are joined by Sudeshna Sen, an Economist and senior leader in the financial services industry. With her extensive experience working with top financial institutions and Fortune 500 clients, Sudeshna has gained a unique perspective on the challenges of financial literacy. Recognizing that the use of jargon and industry lingo can hinder understanding, she decided to tackle this issue by approaching money and careers holistically through her personal venture, The Abundance Psyche. In this episode, Sudeshna offers insights on various topics, including the importance of following your curiosity and committing to continuous learning. Listen in as she emphasizes the need to consider the return on investment of your time and money, highlighting the significance of assessing your mindset around money and avoiding spending more than you earn. Sudeshna also shares the intricacies of generational wealth, the benefits of diversifying income streams, and valuable advice on investing while young. “Don’t spend more

Today we delve into the findings of the 6th Annual Financial Stress Index released by FP Canada, which reveals that money remains the number one stressor for Canadians. In this episode, we share actionable strategies to alleviate financial stress as we go beyond the numbers and engage in a candid discussion with  The Real Bottom Line host Wendy Brookhouse and Financial Therapist Aseel El-Baba. You will learn the reasons behind the escalating stress surrounding finances, leading many to feel hopeless in their financial journey, as well as the sense of disempowerment that arises when we perceive our finances as being beyond our control. Listen in as we explain the significance of evaluating our income and shifting from a scarcity mindset to one of abundance. “People are feeling as though their finances are outside of their control which is very dis-empowering. These are things we are in control of but because there is so much happening it is like a tornado sweeping us off of our feet and that is causing a sense

Will Keliehor, Chief Commercial Officer at Interac, joins the show to discuss the findings of a recent survey that examines how Generation Z approaches their finances and navigates financial firsts amidst current economic conditions. Gen Z is more likely to feel stressed, anxious, and overwhelmed compared to other generations, with 52% believing they will have to work harder for money. However, the survey also reveals that nearly seven in ten Gen Z individuals want to improve their relationship with money. In this episode, Will shares insights on how Interac and Conscious Economics are addressing the emotional barriers faced by Gen Z through financial therapy education, emphasizing the importance of both financial and emotional support.  Listen in as we discuss practical advice, such as tracking spending, setting priorities, and utilizing available tools, to help Gen Z feel more in control of their finances and create a supportive community. By providing a clear focus on Gen Z's financial challenges, emotions

Jessica Baker, Vice President of Advisor Alliance at Co-operators, joins the show today to shed light on a recent survey that highlights the lack of investing confidence among young Canadians. The survey reveals some key findings that are particularly relevant to young people, showcasing notable differences in their approach compared to their parents and grandparents. The results highlight that 74% of young Canadians lack confidence in their ability to choose investments and are hesitant to seek financial advice from professionals. Many respondents expressed concerns about their financial habits and uncertainty about their future success. Jessica shares valuable tips for those unsure about where to start with their finances. She emphasizes the importance of not relying solely on social media for financial advice and encourages starting investments early and maintaining consistency. Listen in as she reminds young Canadians that they have the right to seek financial guidance.  “Not very many young Canadians are

As inflation pressures rise, more and more Canadians find themselves compelled to reevaluate their spending habits, seek effective budgeting techniques, and even consider additional sources of income. In this episode, Jennifer McCracken, a Partner and Senior Vice President at BDO's Vancouver office, will be joining the show to discuss BDO Canada's Affordability Index Spotlight, providing a comprehensive assessment of affordability and debt management among Canadians. Jennifer highlights the warning signs of financial distress, such as cutting back on essential expenses to meet debt obligations, particularly concerning for younger Canadians who face an alarming amount of debt. Moreover, she emphasizes the importance of improving financial literacy and breaking the taboo surrounding conversations about personal finances. For those listeners facing tight budgets and significant debt, Jennifer offers practical advice and effective debt management strategies. She addresses the overwhelming feeling of paycheck-to-p

Janine Rogan is a highly respected keynote and TEDx speaker who has dedicated her career to empowering women to build wealth through financial feminism. Janine's mission is to educate and inspire women to confidently and profitably grow their wealth. Despite the pervasive wage gap that has historically disadvantaged women, Janine believes that women can still achieve financial equality for all by taking small, practical steps towards financial literacy. In this episode, Janine addresses the complex issue of the Pink Tax, which is the issue of women paying more than men for everyday products and services. She explains how this, coupled with the wage gap, can significantly impact women's ability to save, invest, and accumulate wealth over their lifetimes. Listen in as Janine emphasizes the importance of investing and negotiating for better wages, rates, and charges. She also advocates for supporting new mothers to ensure they can remain in the workforce and continue to build their wealth. With Janine's guidance

There is no easy way to get rich quick. It's tempting to believe that there is, especially with all the stories you hear on the news and on social media. But the truth is, we need to be cautious and realistic about our financial situations. We can't fall for every offer or post we see on social media that promises easy money. So, in this episode, I want to get back to basics and share some tips on how we can start taking control of our financial situations. Listen in as I recap some of the key lessons from our previous episode on getting back to basics and share some additional tips on how to establish financial fitness routines, review expenses, and understand retirement-saving options. I promise you that these are simple yet effective steps that can make a significant impact on your financial well-being. Remember: small, imperfect actions are better than no action at all, so don't forget to make a date in your calendar to take one small step toward your financial fitness goals. “Let’s get back to paying att

Today we dive into the shadowy world of digital fraud and the sophisticated tactics used by scammers to lure unsuspecting victims. With March being Fraud Prevention Month in Canada, I want to emphasize the importance of being vigilant all year round to avoid falling prey to these scams.  Listen in as I share eight common signs of digital fraud that individuals should be aware of, including high-pressure sales tactics, offers that seem too good to be true, requests for personal or financial information, and attempts to keep the transaction secret. By being aware of the signs and staying informed, you can avoid falling prey to these scams and keep your personal information and finances safe. “Staying informed and vigilant is your best protection against fraud.” - Tracey Bissett This Week on Young Money: How to protect against digital fraud. Why we should be vigilant about protecting ourselves against fraud all year round. The importance of remembering that sometimes deals are too good to be true. Why you shoul

Today's episode is all about the importance of managing your money mindset and the impact this can have on your financial success. A leading expert in business finance, Nathalie Noisette joins the podcast to offer valuable insights into why credit is foundational in today's society, as well as how it can affect your perception of risk and trust when it comes to financial institutions. Listen in as Nathalie shares practical tips and success strategies to eradicate debt, improve your credit score, and avoid common missteps when managing your finances. You'll learn the significance of having a healthy money mindset and how to make wise financial decisions to achieve long-term success. “It doesn’t matter where you are in your life, credit is foundational. Credit is really just the intersection between risk and trust.” - Nathalie Noisette This Week on Young Money: Nathalie’s inspiration for her book. Why credit is critical in today’s society. Why she is so passionate about helping single mothers. How to improve y

Have you ever wanted to know if someone is lying to you or manipulating you in a conversation? In this episode, former Naval Intelligence Officer and Marine Corps certified interrogator Lena Sisco shares her expertise on how to detect honesty and persuade others to be honest in any conversation. Lena has conducted hundreds of interrogations during her service in the Global War on Terror, and she is now the CEO and Founder of two companies, The Congruency Group and SECTOR INTELLIGENCE, where she teaches effective communication practices for interviewing, elicitation, and negotiation. Join us as Lena discusses the benefits of understanding people, the importance of being more trustworthy, and how these communication skills can benefit all facets of your life. Whether you're going into a big purchase or just trying to build stronger relationships with those around you, Lena's insights and advice can help you feel more prepared, informed, and heard in any important conversation. “Sometimes, we just need to stop t

Heather Roberts is a Boundaries Coach who helps female entrepreneurs create space in their lives and businesses. She joins us today to share the importance of defining what boundaries mean to each individual, as well as advice for overcoming the struggles women often face when trying to establish boundaries. Listen in as she offers tips on how to overcome the guilt and other negative emotions that may arise during this process. You'll learn why it's crucial to ask for clarification when feeling unsure about what is expected of you, why texting or emailing may not be the best option for having difficult conversations, and how to create boundaries that will help you achieve the business and life you truly want. "You don’t have to have the business you have. You can have the business you wanted.” - Heather Roberts This Week on Young Money: Why Heather decided to focus her business on women. The importance of remembering that you can have the business you truly want. Why women struggle to put boundaries in place

Are you ready to break the silence and start having meaningful conversations about finances? Kathleen Burns Kingsbury, the author of Breaking Money Silence, joins the show today to share her insights on why conversations around financial issues are essential and the importance of having these hard conversations around money with the ones you love and trust. Kathleen believes that keeping secrets about finances can be hurting you, not only financially, but also emotionally. That's why she advocates for breaking the money silence. Listen in as she explains how the way we think and talk about money can impact our lives. You'll hear practical tips on where to begin with opening up the conversation around finances, how to have better money conversations, and several mistakes to avoid when approaching a money conversation. “Taboos around engaging in financial conversations hurt us—not just financially, but they also hurt us emotionally.” - Kathleen Burns Kingsbury This Week on Young Money: Why conversations around