Young Money With Tracey Bissett

Have you ever lied to your partner about money? Or have you ever suspected your partner of not being truthful about their finances? Financial infidelity is a prevalent issue in relationships, and it's time to start talking about it. In this episode, I discuss what financial infidelity is, the reasons people lie about money in relationships, and how to identify if it's happening in your relationship. I also cover the importance of transparency regarding finances with your spouse and what you can do if you suspect financial infidelity. Listen in to learn how to build a recovery plan with your spouse and move forward with positive changes in your financial relationship. Let’s break the silence on financial infidelity and empower ourselves to take control of our financial relationship. “We need to be transparent with our partners.” - Tracey Bissett This Week on Young Money: • What financial infidelity is. • What pushes people to lie to their partners about money. • How to identify financial infidelity. • What you

It is the first full week of February, and you know what that means: the Super Bowl is fast approaching. Rihanna will be headlining the halftime show, sponsored for the first time by Apple Music. With sales of more than 250 million records worldwide, Rihanna ranks as one of the bestselling female artists ever, and this is sure to be an incredible show. Aside from her music career, Rihanna has built an empire and has become an incredible businesswoman. So, in this episode, we will be reviewing the financial lessons we can learn from her and her career. Listen in as I explain the importance of cultivating multiple streams of income and only using your wealth on your own terms. You will learn the benefit of diversifying your income, seeking advice or guidance when you need it, and never changing who you are. “Once you recognize and notice the issue or challenge that you are facing, seek help to address it.” - Tracey Bissett This Week on Young Money: The importance of asking for help when needed. Why your backgr

Online sports betting has seen a significant expansion in recent years, and it seems as though you can’t watch a sports game without seeing an advertisement promoting a gambling app or website. Online sports betting allows people to place bets on a wide variety of sports events using their smartphones or computers, rather than having to go to a physical casino or racetrack. Those with a gambling addiction may find it easier to access and spend more money on sports betting online than in physical settings. So, in this episode, I will shine a light on online sports betting—its expansion, who is doing it, and the potential harms that can come from it. Listen in as I explain who is most at risk for problem gambling and addictions, as well as what you should do if you are seeing gambling problems pop up in your life. You will learn how to change your habits, the importance of increasing your dialogue on the subject with friends or family, and why we should take the time to check in on our loved ones who may have g

Valentine's Day is a special occasion for many couples, but it can also be costly. Is all of this Valentine’s Day spending in the name of love? According to Wallethub’s 2022 Valentine’s Day Survey, fear may also be a driver. Fortunately, fancy dinners and high-priced gifts aren’t the only ways to show someone you care, and if you're on a budget, there are plenty of ways to celebrate without breaking the bank. So, in this episode, I will be talking about romance on a budget. One way to save money is to plan a romantic evening at home. Instead of going out to a fancy restaurant, cook a special meal together using ingredients you already have on hand or buy them at a lower cost. Listen in as I explain some statistics about how much people are spending, other ways you can make your significant other feel special, and how to show more appreciation for your loved one. Remember: the most important thing is to spend time together and show love for each other. “I think what’s most important is that your special someon

For the last decade, Fotini Iconomopoulos has been empowering Fortune 500 executives and their teams to achieve their objectives through her expertise in negotiation, communication, and persuasion. She guides companies through high-stakes scenarios and creates tailored intensive negotiation workshops for clients across the globe in all industries who want to develop their teams. Today, Fotini is joining the show to share her advice for maximizing your earning power and negotiating your way to the top. Listen in as she explains her inspiration behind her book, Say Less, Get More, and the power of the pause when referring to getting what you want. You will learn how to negotiate a higher salary, the importance of sharing facts rather than opinions, and how to build a strong network. “If you convince yourself to just shut up, I promise you, you will get better results.” - Fontini Iconomopoulos This Week on Young Money: How to get what you want while saying less. How to negotiate a higher salary. What the power

In Financial Literacy Month—and as we entered a busy holiday spending season—Interac and Conscious Economics partnered to launch Mindfulness & Money for Canadians, which offers a free, foundational digital learning platform to support the development of financial well-being skills through the lens of mindfulness, to Canadians coast-to-coast. In this episode, Aseel El-Baba, financial therapist, economic healer, and wealth consultant, will be joining the show to share more details about this partnership, as well as her advice for intentional financial planning for successful financial fitness. Listen in as Aseel explains behavioral finance and how your upbringing can impact your beliefs and ideas about your personal finances. You will learn how to reach your full financial potential, how to prepare for the new economy, and the importance of communicating your financial concerns with your loved ones. Lastly, Aseel will share how to feel more in control of your finances and why it's crucial to understand why

Erin Bury is one of Canada’s top female entrepreneurs, an active startup advisor, and a former marketer and technology journalist. Erin is the co-founder and CEO of the online estate planning platform Willful, where she drives the company’s mission to make it easier for Canadians to prepare for and deal with death in a digital age. In this episode, Erin will be sharing the importance of estate planning, regardless of your age, and what this process actually entails. Listen in as she explains how to reduce the burden on your loved ones if you pass away, as well as how to have these hard conversations with your family. You will learn the importance of looking into your work benefits and bank accounts to ensure your beneficiaries are updated, what mistakes to avoid when creating your will, and Erin’s advice for any young millionaires in the making hoping to build their wealth. “Estate planning is all about how you take all of the wealth that you hopefully grow over your lifetime and pass it on efficiently and ef

It seems the news and social media headlines have become very disheartening through 2022. Personal debt delinquencies are on the rise, consumer bankruptcy activity is expected to increase in 2023, and COVID supports have stopped for the most part, with some people required to pay back amounts they received in error. In this bleak economic environment with high inflation and interest rates, remaining hopeful for good things to come is essential. So, in this episode, I am going to be sharing what you can do to find hope through financial fitness. Listen in as we go over the importance of monitoring your news consumption and being more intentional with the media you are reading, watching, or listening to. You will learn the benefit of knowing your financial situation, how to make a realistic plan for your finances, and why it is a great practice to include gratitude in your daily routine. “It is important to stay abreast of news developments and trends, but it doesn’t need to be a 24-hour consumption. Get the fa

The last few years have been hard for everyone. As the pandemic fears started to ease, inflation and rising interest rates began to grow. With everyone focused on cutting back and doing less, there is the presumption that all the fun and joy must be lost as well. But life is too short to live this way. So, in this episode, I will be discussing the relationship between happiness and money, specifically how to find joy in your life regardless of your financial situation. Listen in as I explain why more money doesn’t necessarily mean more happiness. (It's what you do with the money that truly counts.) You will learn that the little things often make the biggest impact and how you can bring more joy to those around you. “Our finances give us the opportunity to experience joy if we look for it.” - Tracey Bissett This Week on Young Money: The importance of showing gratitude for your money. How to shift your mindset to one of abundance. The relationship between money and happiness. Whether money truly can buy happi

Today we are celebrating 5 years of Young Money! Together we have created 273 episodes, are listened to in over 40 countries, and have surpassed 290,000 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. Whether you're checking out the show for the first time today, have been a loyal listener since the beginning, or fall somewhere in between, I am so thankful that you are here. I believe that financial literacy is a fundamental life skill. It's not about knowing everything—it's about taking those small imperfect actions that increase your foundation of financial knowledge so you can navigate your life, personally and professionally, with confidence. To me, that means being comfortable asking questions, following up if you don’t understand something, being kind to yourself when you make a mistake, and approaching things from a mindset of abundance. In this episode, I want to thank y

With the holidays just around the corner, many Canadians are wondering how they’re going to make their budgets work when it comes to gift-giving and holiday travel. In fact, according to new research from Interac Corp., the majority of Canadians say they are facing barriers that hinder feelings of financial control this year, with 49% saying the current economic situation has negatively impacted their confidence in managing everyday finances. So how can we set ourselves up for a successful holiday season ahead? In this episode, I will be sharing some tips and tricks for navigating the holidays so that you can feel more confident when it comes to your finances. Listen in as I explain how to communicate with your loved ones about what they may benefit from this season so that you can help them in a meaningful way rather than simply giving them a gift. You will learn that it is okay to let your loved ones know about your financial situation so that they are aware of what you can do and how to have fun this seaso

It is becoming increasingly clear that money and our mental health are directly tied together. The stress of not having money can cause anxiety, increase tiredness, and make us physically sick, more irritable, and short-tempered. So, it is critical that we make sure we're staying on top of our finances, seeking help as needed, and accepting our imperfections. In this episode, I will share three tips that can improve your mental health when it comes to money and finances to help you throughout this financially stressful time. Listen in to make sure you have the tools and tricks you need to minimize the stress you’re carrying in relation to finances in your life. "When you don’t know the facts, your situation can feel overwhelming. So get down to the facts of your financial situation.” - Tracey Bissett This Week on Young Money: How mental health can be impacted by finances. Several statistics around people’s current mental health in regard to finances. How to avoid feeling overwhelmed about your finances. The

Due to the current state of the financial world, I wanted to review more powerful interviews we've had on the podcast where our guests shared fantastic advice to help you navigate debt. We have had so many amazing guests in the past who have offered tips that remain timeless, so in this episode, we will be listening to key takeaways from our interviews with Zandile Chiwanza and Kelley Keehn. Listen in as Kelley shares the inspiration for her book, Rich Girl, Broke Girl, as well as the hidden costs of an expensive lifestyle and her advice for those just starting out in the financial world. You will also learn about Zandile’s experiences as a newcomer to Canada, her feelings around money, and her advice for dealing with debt.   “Like oxygen, if you don't have money, it can be suffocating.” - Kelley Keehn This Week on Young Money: The inspiration for Kelley Keehn’s book. The hidden costs of an expensive lifestyle. Kelley’s positive, practical approach to money. Why some women aren’t leaning into their finances

We are living in a time of high inflation and increasing interest rates, leading to many companies cutting previously secure jobs. It is beginning to be harder to make ends meet as our income no longer goes as far as it used to. If you are like many people carrying variable-rate debt, your payments are taking up more and more of your budget than before. Due to this current state of the world, I wanted to review some interviews we’ve previously had on the show where our guests have shared some fantastic advice that can help you navigate these uncertain times. Listen in as Erin Skye Kelly explains the importance of reviewing your budget, understanding how your budget and net worth work together, and taking action every day—regardless of how small it may seem. You will learn tips for those dealing with bankruptcy, what it means to work with a licensed insolvency trustee, and common misconceptions about consumer proposals and bankruptcies. “Pay attention to how your budget and your net worth work together.” - Eri

Financial fitness is not only about learning the basics of financial matters, but also securing the income that will make financial freedom possible. In order to achieve a well-paying position with your desired organization, it is essential to understand what is required of you in the workplace. So, in this episode, I’m sharing my recent experiences with employers and the tips they shared to ensure you’re ready to start your career.  During student engagement week, graduating students in the financial services program were given the opportunity to participate in experiential learning opportunities. Listen in as I explain the key takeaways from this session, including the importance of being willing to work hard, working well within a team, and being adaptable. “We need to be resilient and regroup at times.” - Tracey Bissett This Week on Young Money: The importance of working hard and being eager to succeed. Why it is important to not only ask questions but answer questions too. The benefit of being a good te

November is Financial Literacy Month in Canada. During Financial Literacy Month, the Financial Consumer Agency of Canada engages and works together with organizations across the country to help strengthen the financial literacy of individuals and families. The theme for 2022 is: Managing Your Money in a Changing World. Throughout the month, they’re focusing on different themes for each week, and in this episode, I will be explaining how you can make a difference in your financial situation today. As the financial marketplace grows increasingly complex, it is crucial that Canadians have the knowledge, skills, and confidence to make informed decisions about the financial products and services that best meet their needs. Financial fitness is important, not only for the financial well-being of individuals, but also for the economy. Remember: understanding the basics of money is as essential today as numeracy and basic literacy, so make sure to tune in! ​ “Financial literacy means having the knowledge, skills, and

With the rising cost of living due to inflation, many Canadians are stuck relying on credit cards and loans in order to pay for necessary items in their lives. This is causing an increase in debt levels and an overall fear of finances for a lot of people. Our guest today is Eva Wong, Co-Founder and Chief Operating Officer at Borrowell, a financial technology company dedicated to making financial prosperity possible for everyone. In this episode, Eva will be sharing her advice for those Young Money listeners wanting to get out of debt and build their credit scores so they can start working toward financial well-being. Listen in as Eva explains the importance of surrounding yourself with successful people who are either on the same path as you or are where you want to be in your career. You will learn several tips for improving your credit score, the benefit of focusing on one small action toward your goals, and why you should never get complacent with your financial situation. “Your happiness isn’t necessarily

Breaking money silence is more important than it has ever been before. With inflation rising and increasing interest rates, there are many people suffering—and many of them are suffering in silence. This means instead of receiving the help they require to make better financial decisions during these tough financial times, they feel as though they have to suffer alone. So, how do we start the conversation about money so we can begin to build our wealth? In this episode, Jackie Porter, award-winning CFP, bestselling author, and featured speaker, will be joining the show to share her advice for anyone hoping to help their financial situation regardless of where they are in life. Listen in as Jackie explains financial racism, including how this shows up in our financial systems. You will learn why women and people of color struggle more with finances, how we can help people of color access more financial opportunities, and the importance of frequently revisiting your budget. “Having conversations with people you

Money impacts everyone on a daily basis, yet many people feel disconnected, especially when it comes to spending and savings habits. The truth is that every decision you make, including every purchase, does impact your overall budget and savings. So, how can we change our spending habits to be more aligned with our long-term goals? In this episode, Kathy Kasten, Founder and CEO of Lion Crest Leadership, will be joining the show to share the conscious choices she has made that have led to her ability to live a financially free life—and how you can do the same. Listen in as Kathy explains the importance of living within your means, finding ways to save money, and ensuring you are saving for retirement as soon as possible. You will learn the benefit of focusing on what truly matters in your life, such as family and loved ones rather than money or success. Finally, Kathy describes the lessons she learned throughout the many different jobs she has had over the years. “Money doesn't buy happiness, and you don’t nee

Throughout the pandemic, our budgets and spending habits changed immensely. We started ordering groceries online, added to our subscriptions, signed up for online courses, etc. As we gradually come out of the pandemic, many of us may not have taken the time to reevaluate our budgets, and with inflation hitting all-time highs, our money isn’t going as far as it used to. In this episode, I will be walking through some practical steps to ensure your budget is right sized—meaning you haven’t fallen back into old spending habits without removing any pandemic budget additions.  Listen in as I explain the importance of canceling any new additions from the pandemic that you may no longer be using and making room for the new food expenses, concerts, travel, etc. You will learn how to take a mindful moment before making a purchase, how to feel in control of your spending and debt, and more. "Take time to review your spending and alter your budget.” - Tracey Bissett This Week on Young Money: Why it is essential that yo