Young Money with Tracey Bissett

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 toda...

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 fit...

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 I...

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...

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...

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...

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,  Biss...

  Robert Gignac is the best-selling author of  Rich is a State of Mind  and an in-demand speaker at client events and financial industry seminars. He has delivered light-hearted yet powerful financial planning presentations and keynotes on stages such as the Ontario Association of School Business Officials, Sun Life Financial, and Say It With Power Presentations. He is passionate about helping his...

Tristen is a 21-year-old musician, carpenter, salesman and barman. He is also a homeowner and landlord. After a brief experience at university, he decided that college was a better fit for his business and personal goals. Once qualified as a carpenter, he continued to work across other roles to help bolster his financial portfolio and support his home-owning and real estate dreams.   Carly is a 28...

Murray Baker is the author of  The Debt-Free Graduate: How to Survive College or University Without Going Broke . Having sold over 200,000 copies, his book reached #3 on the Toronto Star Bestseller list. As a recognized influencer in the field, he has also been interviewed by a number of media outlets, including  The Globe and Mail, The National Post, The Vancouver Sun, The Toronto Star,  Canada A...

Everyone loves a gift card. When bought as a gift or delivered as a prize, gift cards make us happy. Sadly, 25% of gift cards are never used and 32% of those are simply lost. Some might say gift cards are impersonal, but for others, they are a go-to gift. For those who  do  love gift cards, they're a fun way to allow someone to treat themselves.   Today, I'm sharing my top 3 tips for buying and re...

Jennifer Reynolds is the President and CEO of the  Toronto Financial Services Alliance (TFSA) , a Toronto-based public-private partnership dedicated to promoting the area's financial services sector and positioning it as a prominent leader in the industry worldwide. She is the current Director on the Boards of two organizations: the Canada Development Investment Corporation and the Women's College...

  If you walk around any post-secondary campus at the beginning of the semester, you'll often find many credit card company representatives setting up booths to promote their companies and sign up students for their credit cards. While this is convenient for many students - and a great marketing strategy for these companies - the reality is that many post-secondary students do not know enough abou...

Shelley Clayton is the Director, Financial Aid at the University of New Brunswick's Fredericton Campus. In this role, she has helped hundreds of students - nationally as well as in the Atlantic region - to obtain funding for their post-secondary education through Student Services and Student Financial Assistance. She is a representative on the Canadian Association of Student Financial Aid Administ...

Education is critical for ensuring your financial fitness and creating a future of financial freedom. Beyond seeking advice and listening to other people's stories on the strategies they use to make investment decisions, one of the best strategies to understand new concepts and ideas is to experiment and try new things yourself.   On today's episode, I share how my discussion with Alan Wunsche on...

Sheena Russell is the founder and CEO of Made with Local , a heart-led food company based in Nova Scotia, Canada. The company provides nourishing, handmade foods made with locally sourced ingredients. Their mission is to offer healthier snack options to Canadians that are made with simple ingredients, taste great, and packed with love while building a community to bridge the gap between local farm...

Shannon Lee Simmons is a Certified Financial Planner, Chartered Investment Manager, and the founder of the New School of Finance , a fee-only financial planning firm for Canadian residents and small businesses to receive unbiased financial planning advice. She is the author of the national bestselling book Worry-Free Money: The guilt-free approach to managing your money and your life , and a regul...

For many millionaires-in-the-making, getting an advance on your pay cheque may sound like a dream come true. The idea and concept of getting a payday loan may seem great on the surface - and may even help you pay for unexpected bills and expenses that come up between pay cheques - but they can often lead to long-term financial trouble.   Like any loan, payday loans need to be paid back, and many y...

Kamara Toffolo is a job search strategist, LinkedIn consultant, and resume writer who is passionate about helping high-achieving professionals around the world transition and advance their careers to the next level. She is a featured and contributing author for many publications including Business Insider, Forbes Magazine, and Inc. Magazine and has presented keynote speeches and seminars at severa...

With the Back-to-School season quickly approaching, many parents and young millionaires-in-the-making are beginning to consider the financial costs associated with postsecondary education. As these young adults and their parents discuss their budget and create a plan to afford this new expense, many important factors are often overlooked.   On today's episode, I share some of the best tips and str...

Monica Da Ponte is the founder of Strive , a social company that seeks to change the way we see and define financial literacy to advance our individual and collective resiliency. Her company is currently piloting a peer-to-peer based program with St. Mikes Hospital in Toronto to curate financial journeys and demonstrate the ingredients of financial success. Additionally, she holds Bachelor and Mas...

  Lisa, Elaine, and Melissa are three young millionaires-in-the-making that began their journey into investing as a way to create long-term financial growth and save for their future. Shortly after high school, Lisa began investing in RRSPs (Registered Retirement Savings Plan) and TFSAs (Tax Free Savings Account) as a way to save money to support her passion for traveling. After receiving a substa...

Alan Wunsche is the CEO and Chief Token Officer of TokenFunder . TokenFunder is a regulatory-compliant blockchain venture funding platform with Ontario's first regulated Initial Token Offering.  Alan is also the Chair and Co-Founder of Blockchain Canada, a Canadian federal not-for-profit corporation with a mission to connect Canadian Blockchain Innovators and to help Canada be a leader in blockcha...

Mark, Quintin, and Mounir - three young millionaires-in-the-making - are young investors building their wealth and striving to achieve financial fitness. Mark is a 25-year-old investor focused on building his long-term wealth by making small investments early and reaping the rewards of compound interest. Quintin is a 20-year-old university student who is making his money work for him by investing...

With the continued increases in housing prices and rental rates, young people realize the need to become more creative and resourceful when it comes to moving out on their own. Many young millionaires-in-the-making consider moving in with friends or their significant other to develop a sense of freedom, responsibility, and to start their journey into adulthood. However, often, young adults often d...