EP302 Make Money Your Thing with Kalee Boisvert

Are Canadians' financial concerns keeping them up at night? In this episode, we're joined by Kingsley Chak, Senior Vice President at Scotiabank, to delve into the anxieties and hopes shaping the financial landscape in Canada today, as revealed by the fifth annual Worry Poll.

This discussion sheds light on the pressing financial issues that Canadians face—from spending concerns to debt management—and highlights the proactive measures being adopted, particularly by the youth, to forge a path toward financial stability.

"You're not alone. What you're thinking, what you're feeling—a lot of Canadians are feeling that way as well.” -  Kingsley Chak

This Week on Young Money:

• The financial concerns and aspirations highlighted in Scotiabank's Worry Poll.
• A look at how Canadians are navigating their financial worries amidst economic fluctuations.
• The proactive approach of younger Canadians toward their financial wellness.
• Strategies for effective financial management and planning for a secure future.

Key takeaways:

1. Evaluate your financial concerns.
2. Seek out financial advice.
3. Implement practical strategies to confront financial challenges.

Connect with Kingsley Chak:

• LinkedIn
• Scotiabank

Resources Mentioned:

• Scotiabank Advice+
• Smart Money
• BNS:CC - Canadians prioritizing day-to-day finances optimistic for better days ahead

Rate, Share & Inspire Other Young Millionaires-in-the-Making 

Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts.

Don’t forget to share your favorite episodes on social media! 

Follow the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

Today we're diving into the untapped world of financial wisdom on TikTok as Shannon Terrell, lead writer at NerdWallet Canada, shares the truths and myths surrounding popular financial advice. Shannon sheds light on crucial financial insights shaping the digital landscape, from purchase protection to the mysteries of credit card skimmer scams. With Canadians increasingly relying on TikTok for financial advice, this episode offers tips to navigate the complexities of credit cards and personal finance.

Listen in to hear about the nuances of credit utilization ratios, the intricacies of credit card insurance, and the realities of credit card churn. You'll learn how to safeguard your financial interests and make informed decisions about your finances.

“When dealing with credit card insurance, always make sure that you’re checking the fine print and ensure that you understand what obligations you need to fulfill as the cardholder so that you’re not left high and dry in a difficult situation.” - Shannon Terrell

This Week on Young Money:

• What NerdWallet is and who they help.
• What a day in the life of a writer for NerdWallet looks like.
• What trends on TikTok we can follow.
• How credit card insurance works.
• What your credit utilization ratio is.
  
• How to spot a skimmer scam.

Key takeaways:

1. Check the fine print.
2. Know your obligations.
3. Check your spending.
4. Understand your credit limits.
5. Make payments often on your credit card.
6. Trust your gut.
7. Re-evaluate who you follow on social media.

Connect with Shannon Terrell:

• LinkedIn
• NerdWallet
• NerdWallet Website
• NerdWallet LinkedIn

Resources Mentioned:

• EP106 Milli Moves: Money & Media with Leanna Haakons
• EP301 Will Swifties Save or Sink into Debt

Rate, Share & Inspire Other Young Millionaires-in-the-Making 

Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts.

Don’t forget to share your favorite episodes on social media! 

Follow the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

What can Super Bowl LVIII teach us about financial fitness? In this episode, I dive into wisdom we can take away from the year's biggest game and explore how stars like Taylor Swift and Usher, along with the athletes’ inspiring stories, reveal crucial financial strategies.

Listen in as I analyze the perseverance and disciplined approaches of NFL players and entertainers, showing how their journeys mirror essential financial principles. You'll hear actionable insights for achieving financial wellness and learn the significance of dedication to long-term goals and resilience.

"In the same way that athletes and performers dedicate themselves to their craft, achieving financial fitness requires discipline, planning, and the courage to pursue long-term goals over instant gratification.” - Tracey Bissett

This Week on Young Money:

• Extracting financial lessons from the spectacle and spirit of Super Bowl LVIII.
• The impact of celebrity influence on financial decisions, with a spotlight on Taylor Swift and Usher.
• The disciplined journey to success: insights from the NFL's finest and musical icons.
• Strategies for setting, pursuing, and achieving your financial goals with resilience.

Key takeaways:

1. Vision and perseverance are key when it comes to achieving financial fitness.
2. Navigate your financial future with support and guidance.
3. There are no shortcuts to success—discipline is the path to victory.

Resources Mentioned:

• EP017 Super Bowl's Musical Talent - Justin Timberlake & Lady Gaga
• EP067 5 Financial Lessons Learned from Maroon 5
• EP090 3 Financial Fitness Lessons from Rihanna & Jay-Z
• EP101 How to Take Control of Your Financial Future like Taylor Swift
• EP123 3 Financial Fitness Lessons from Jennifer Lopez and Shakira
• EP179 Milli Moves: Bitcoin – Investing or Gambling?
• EP231 Back to Basics
• EP232 Financial Lessons from Hip Hop at the Super Bowl
• EP280 Sports Betting: Gambling or Entertainment?
• EP281 Financial Fitness Lessons from Rihanna
• EP301 Will Swifties Save or Sink into Debt

Rate, Share & Inspire Other Young Millionaires-in-the-Making 

Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts.

Don’t forget to share your favorite episodes on social media! 

Follow the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

Are you ready to challenge the norms of personal finance with the bold trend of loud budgeting? In this episode, I explore this trend, which encourages openly declaring and adhering to your financial goals. Spearheaded by Lukas Battle on social media, this movement marks a departure from quiet luxury, advocating for courageous, value-driven financial decisions. I’ll delve into how this approach not only curbs impulse spending, but also adapts effectively to the current economic landscape.

Listen in as I revisit themes of financial openness from previous episodes, highlighting how discussing finances with others can lead to better decision-making. I also explore loud budgeting's role in addressing financial bullying and influencing consumer behaviors like “buy now, pay later” schemes, emphasizing its impact on personal finance management.

"It’s not ‘I don’t have enough’. It’s ‘I don’t want to spend’.” - Tracey Bissett

This Week on Young Money:

• What loud budgeting is and its rise to popularity.
• How this trend has shifted the norm from quiet luxury to open financial planning.
• Previous episodes that align with the theme of financial openness and accountability.
• The role of loud budgeting in current economic scenarios and its impact on consumer behavior.

Key takeaways:

1. Open discussions about finances can foster better financial decisions and relationships.
2. Economic conditions influence personal finance strategies.
3. Aligning financial actions with personal values and goals is key.

Resources Mentioned:

• EP031 True Cost of Being a Wedding Guest
• EP037 Cohabitate in a Financially Fit Way
• EP092 How to be In Love AND Financially Fit with Wendy Brookhouse
• EP103 Are you a financial bully?
• EP114 Milli Moves: Are you Uber Broke?
• EP158 Milli Moves: Mind Your Own Business About Money
• EP226 Financial Accountability Over Financial Resolutions
• EP247 Buy Now Pay Later 101
• EP292 Navigating Financial Firsts and Spending Shifts with Interac

Rate, Share & Inspire Other Young Millionaires-in-the-Making 

Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts.

Don’t forget to share your favorite episodes on social media! 

Follow the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

As we step into the new year, it's the perfect time to get motivated and inspired about our financial fitness. In this episode, I draw parallels between physical and financial fitness, illustrating how both exist on a spectrum from beginners to experts.

Dive into the three key elements of the Bissett Financial Fitness Framework: cash flow, savings, and debt management. Just like physical fitness—where cardio, strength training, and lifestyle choices play crucial roles—these financial elements are essential for a balanced and healthy financial life. Whether you're just starting to learn about budgeting or you're a sophisticated investor, this framework can help individuals and businesses alike, so make sure to tune in!

“Tackle your financial life with the Bissett Financial Fitness Framework and become more financially fit.” - Tracey Bissett

This Week on Young Money:

• Understanding the Bissett Financial Fitness Framework and its relevance in everyday life.
• What physical fitness has in common with financial fitness.
• The three key elements of financial fitness.
• Practical advice for improving each aspect of your financial health.

Key takeaways:

1. Recognize where you stand on the financial fitness spectrum and identify areas for improvement.
2. Cash flow is key in maintaining a stable and balanced financial life.
3. Savings contribute to financial security and enable personal and business growth.
4. Debt management is crucial for controlling your future and avoiding financial pitfalls.

Rate, Share & Inspire Other Young Millionaires-in-the-Making 

Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts.

Don’t forget to share your favorite episodes on social media! 

Follow the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

As we bid farewell to 2023 and welcome 2024, it's time to reflect on the past year's financial lessons and look ahead with optimism and preparedness. In this episode, I’m diving into the significant financial events of 2023, from soaring interest rates to the challenges of inflation and job cuts, and how they've shaped our financial behaviors.

Join me as I celebrate Young Money's milestones (including crossing 350,000 downloads!), explore the personal and professional achievements of the year, and discuss the importance of community support and personal health in our financial journeys. I also share predictions for 2024 and practical tips to help you take control of your finances and navigate the uncertainties ahead.

“Reflect on your financial learnings and prepare for a year of taking control of your finances.” - Tracey Bissett

This Week on Young Money:

• A review of the financial landscape in 2023, including interest rates, inflation, and job market trends.
• The impact of financial stress on Canadians' mental health and well-being.
• Celebrating Young Money's achievements and personal milestones.
• Predictions for the financial challenges and opportunities in 2024.
• Five actionable tips for improving your financial fitness in the new year.

Key takeaways:

1. Reflect on your financial experiences and learnings from the past year.
2. Understand the ongoing financial challenges and prepare for them.
3. Embrace community support and prioritize health alongside financial goals.
4. Set realistic financial goals and be mindful of your spending habits.
5. Seek professional advice and support to enhance your financial journey.

Rate, Share & Inspire Other Young Millionaires-in-the-Making 

Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts.

Don’t forget to share your favorite episodes on social media! 

Follow the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

What are you grateful for? Reflecting on this question is the first step toward integrating gratitude into your life. Whether through mindful observation, expressions of thanks, or keeping a gratitude journal, the possibilities are endless. In this episode, I will be going over several ways to practice gratitude when you may not be feeling so grateful.

Incorporating gratitude into your daily routine doesn't require extensive time; even a few minutes each day can significantly impact you. As we explore the power of gratitude, remember that expressing thanks for your financial fitness is equally essential. Celebrate the achievements, big and small, that your hard-earned money affords you. 

“It is important to give back. Whether it is through a contribution to a food bank, a kind word for someone you pass in your busy day, helping out a neighbor in need—anything that you can do.” - Tracey Bissett

This Week on Young Money:

• The concept of gratitude and its benefits for mental and physical well-being.
• How to celebrate the simple everyday pleasures.
• Several ways to express gratitude.
• The scientifically supported benefits of practicing gratitude.
• Practical tips on seamlessly integrating gratitude into daily routines.

Key takeaways:

1. Practice gratitude.
2. Celebrate small wins.
3. Take small actions every day.
4. Observe the beauty of wonder.
   
5. Be kind to others.

Rate, Share & Inspire Other Young Millionaires-in-the-Making 

Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts.

Don’t forget to share your favorite episodes on social media! 

Follow the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

Are you aware of the risks lurking in the digital world—especially during the holiday season? In this episode, we're joined by Leigh Tynan, Director of TELUS Online Security, to discuss the importance of cyber safety and how to protect your identity and finances online.

Listen in as Leigh shares her insights on the increasing prevalence of online fraud and identity theft in Canada. We delve into the specific risks Canadians face during the holidays and the best practices for safe online shopping. Leigh also walks us through the three phases of dealing with online fraud and offers practical tips for safeguarding your digital presence.

"Even if you do everything right, you can still be at risk." - Leigh Tynan

This Week on Young Money:

• The heightened risks of online scams during the holiday season.
• Strategies for preventing, detecting, and recovering from online fraud.
• The current landscape of online fraud and identity theft.
• Best practices for protecting your identity and shopping safely online.
• The role of TELUS Online Security in safeguarding Canadians' digital lives.

Key takeaways:

1. Stay vigilant and informed about the risks of online fraud.
2. Embrace cybersecurity best practices, including two-factor authentication and VPN usage.
3. Regularly monitor your financial accounts and credit reports.
4. Utilize resources like TELUS Online Security for comprehensive digital protection.
5. Share your experiences and report incidents to help combat cybercrime.

Rate, Share & Inspire Other Young Millionaires-in-the-Making 

Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts.

Don’t forget to share your favorite episodes on social media! 

Follow the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

Six years, 314 episodes, a global audience across 40 countries, and over 350,000 downloads—join me in celebrating the incredible journey we've had on the Young Money podcast. With educational and entertaining content from all of our inspiring guests, I hope this show has guided you on your financial fitness journey.

Listen in as I reflect on the past and share how my personal experiences and newfound perspectives will shape the future of Young Money. From addressing current issues to sharing listener stories and exploring the impact of biases on financial fitness, I plan for the next chapter to be relevant, insightful, and connected to what you want to hear. 

“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.” - Tracey Bissett

This Week on Young Money:

• How we have had to adapt to the ever-changing financial landscape.
• How Young Money has changed in the past six years.
• The power of shared experiences.
• The role biases play in financial fitness.
• How I have changed since starting the show.
• The complexities of financial fitness.

Key takeaways:

1. Embrace community.
2. Be adaptable.
3. Remain open to learning new things.
4. Learn to pivot.

Rate, Share & Inspire Other Young Millionaires-in-the-Making 

Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts.

Don’t forget to share your favorite episodes on social media! 

Follow the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

How are Canadians navigating the holiday season amidst economic challenges and evolving retail landscapes? In this episode of Young Money, I’m joined by Myles Gooding, PwC Canada's National Consumer Markets Leader, to explore the Canadian Holiday Outlook Survey's findings. 

Listen as we dive deep into the spending behaviors of different generations and examine how cutting-edge retail technologies like AI, AR, and the metaverse are revolutionizing the way we shop. Myles also offers a wealth of insights into the current trends shaping Canadian consumer habits, as well as why Canadians are increasingly focusing on travel, supporting local businesses, and making socially responsible decisions in their holiday shopping.

“Safety concerns now in the rearview mirror, in-store shopping is actually continuing to make a pretty large number.” - Myles Gooding

This Week on Young Money:

• Insights into consumer spending trends.
• The impact of inflation on consumer choices and spending habits.
• The role of emerging retail technologies in enhancing the shopping experience.
• Generational differences in holiday spending.
• The growing popularity of 'Buy Now, Pay Later' among Gen Z consumers.
• The importance of supporting local businesses and making socially responsible purchases.
• Strategies for managing holiday expenses and staying financially fit.

Key takeaways:

1. Understand the changing dynamics of consumer spending.
2. Recognize the influence of technology on modern shopping.
3. Learn how different generations approach holiday spending amidst economic challenges.
4. Discover the significance of socially responsible and community-focused purchasing.
5. Gain insights into effective budgeting and financial planning for the holidays.

Rate, Share & Inspire Other Young Millionaires-in-the-Making 

Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts.

Don’t forget to share your favorite episodes on social media! 

Follow the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.