Michelle Jackson helps clients sell what they already know through her course, Make Money with Ebooks, and blog, Michelle is Money Hungry. She focuses on educating older Millennial and GenX women on financial topics related to debt-repayment, relationships, and money, as well as general personal finance content. Today Michelle joins the show to share why she enjoys empowering people to earn more money and why wanting to earn more does not make you greedy. Listen in as she explains the importance of taking calculated risks so you can find what works for you and your business, a process she calls “doing it ugly.” You will learn how you can own a home, raise a family, and even go on vacation while still saving money. If you are wanting to change your money habits and attract more income, this is the episode for you. “It’s 100% okay to earn more because when you earn more, you can do more and you are empowering yourself to walk away from bad situations because you have the money to do so.” - Michelle Jackson This Week on Young Money: Why wanting to make more money does not make you greedy.  How spreading yourself too thin can hinder your productivity. How to change the way you think about money. The importance of prioritizing your health while paying off your debt. How you can still go on vacation while saving money. Why it's crucial to be kind to yourself and those around you. Key takeaways: Empower yourself with money. Focus on one thing. Take calculated risks. Set boundaries. Be bold. Resources Mentioned: Cash Control Bootcamp Make Money with Ebooks Course Michelle is Money Hungry Podcast This episode is powered by the Cash Control Bootcamp: Has this episode inspired you about your business? To start a new venture or take yours to the next level requires you to understand the cash flow cycle and how to manage the cash flow in your business. To help you learn those critical skills I have developed the Cash Control Bootcamp. The Cash Control Bootcamp is an introductory live, online group program that empowers entrepreneurs just like you to demystify your business finances and get control of your money so you can sleep better and provide the lifestyle you want for you and your family. The Cash Control Bootcamp - Know Your Numbers, Protect your Business and Grow for the Future, is for you. Register today here.  Connect with Michelle Jackson: Website LinkedIn Twitter Instagram 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!  Subscribe to 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.

Young Money with Tracey Bissett

EP147 Building Financial Resilience During Times of Crisis with Michelle Jackson

Throughout this pandemic, we have all been dealing with our own unique issues. Some people have lost their businesses, some have experienced the tragedy of losing loved ones, and some have had to cancel their weddings. Love, however, was not canceled—even if the wedding was. So today I want to explain what I believe to be a silver lining of these canceled or delayed weddings and why I think this may have saved you money. Listen in as I explain the importance of considering where you are financially before the wedding and where you want to be financially after the wedding. If you start your married life on the right foundation and plan together to accomplish your life’s goals, you can have that happy ending you are searching for. “What I have observed during this pandemic is that people found new ways to connect.” - Tracey Bissett This Week on Young Money: Why you need to think about who is paying for your wedding. The importance of considering you and your partner's life goals. How much can you truly afford to spend? Why you should think about how you want to feel financially after the wedding. Should you and your partner be entering into a pre-nuptial arrangement? Key takeaways: The importance of not passing judgment on others.  Truly think about your financial goals. How to avoid wedding day debt. Resources Mentioned: Cash Control Bootcamp EP031 True Cost of Being a Wedding Guest EP015 I Love My Dog Rosie but She is Expensive! Find Out the Financial Realities of Having a Beloved Pet with Ellen Wright! EP027 What is a Mortgage Broker with Leanne Myles EP037 Cohabitate in a Financially Fit Way EP079 Burn Your Mortgage with Sean Cooper EP070 RRSP Withdrawal Programs EP062 What is Your Money Mindset? EP092 How to be In Love AND Financially Fit with Wendy Brookhouse This episode is powered by the Cash Control Bootcamp: Feeling inspired you about your business? To start a new venture or take yours to the next level requires you to understand the cash flow cycle and how to manage the cash flow in your business. To help you learn those critical skills I have developed the Cash Control Bootcamp. The Cash Control Bootcamp is an introductory live, online group program that empowers entrepreneurs just like you to demystify your business finances and get control of your money so you can sleep better and provide the lifestyle you want for you and your family. The Cash Control Bootcamp - Know Your Numbers, Protect your Business and Grow for the Future, is for you. Register today here.  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!  Subscribe to 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.

EP146 Milli Moves: How the Global Pandemic Saved Couples & Guests from Wedding Day Debt

Being a woman in a male-dominated field comes with its own set of challenges, but Jodi Huettner believes it shouldn’t hold someone back. The Founder and CEO of Helga Wear Inc., Jodi has a background in engineering and helps companies across industries find more safety and more money with body-specific gear for tradeswomen and women in active and outdoor STEM positions. Listen in as Jodi shares how she turned her passion into a business and works to level the playing field for women in male-dominated industries. You will learn how Helga Wear is solving problems for both women and the companies they work for, why community is important as an entrepreneur, and so much more. “Women are not a scaled-down version of the male body dimension.” - Jodi Huettner This Week on Young Money: How Jodi’s passion led to her success. Why community is a big component to success. How mentors can make all the difference to a successful venture. Why it’s important to tap into resources as an entrepreneur. Jodi’s number one financial advice for entrepreneurs. What bootstrapping a business means and how to leverage it to your advantage. How to foster resilience as an entrepreneur. Key takeaways: Be passionate about what you do. Take advice from those who have come before you. Leverage your community. Don’t take no for an answer. Hustle hard to get what you want. Stay resilient. Resources Mentioned: SheEO This episode is powered by the Cash Control Bootcamp: Has this episode inspired you about your business? To start a new venture or take yours to the next level requires you to understand the cash flow cycle and how to manage the cash flow in your business. To help you learn those critical skills I have developed the Cash Control Bootcamp. The Cash Control Bootcamp is an introductory live, online group program that empowers entrepreneurs just like you to demystify your business finances and get control of your money so you can sleep better and provide the lifestyle you want for you and your family. The Cash Control Bootcamp - Know Your Numbers, Protect your Business and Grow for the Future, is for you. Register today here.  Connect with Jodi Huettner: Website LinkedIn Twitter Facebook Instagram 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!  Subscribe to 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.

EP145 How Jodi Huettner of Helga Wear Inc. is Changing the World

Great customer service and developing client relationships are the cornerstones of any successful business, according to the Principal of Bold Financial, David Boldovitch. A Toronto-based financial advisory firm, Bold Financial focuses on helping business owners and professionals plan for lifelong security. Today David joins the show to discuss insurance and why it is so important when it comes to protecting your family, as well as your wealth. Listen in as we talk in depth about several different types of insurance that you may want to consider for your family and/or your business. You will learn why it is never advisable to pay premiums with before-tax dollars, how to get affordable insurance, and more. “When it comes to insurance policies—any kind—I would encourage people to do some homework and get educated.” - David Boldovitch This Week on Young Money: The biggest misconceptions around insurance. The importance of critical thinking. How David ended up working in insurance. What insurance is and the purpose of it. The different kinds of insurance you may want to consider. Key takeaways: The benefit of insurance. How insurance can protect your family. The importance of doing your homework. Find someone you trust. Resources Mentioned: Cash Control Bootcamp This episode is powered by the Cash Control Bootcamp: Entrepreneurs: To start a new venture or take yours to next level requires you to understand the cash flow cycle and how to manage the cash flow in your business. To help you learn those critical skills I have developed the Cash Control Bootcamp. The Cash Control Bootcamp is an introductory live, online group program that empowers entrepreneurs just like you to demystify your business finances and get control of your money so you can sleep better and provide the lifestyle you want for you and your family. The Cash Control Bootcamp - Know Your Numbers, Protect your Business and Grow for the Future, is for you. Register today here. Take back control of your business today! Connect with David Boldovitch: LinkedIn Website 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!    Subscribe to 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.

EP144 Adulting 101: Insurance for Young Professionals with David Boldovitch

Do you consider yourself to be judgmental? If you answered no to this question, I want to challenge you to give it another thought. Although it is a human trait to be judgmental, it certainly does not help us to look down on others. So today is a short episode about how to keep our judgment in check, so we can open our minds to new experiences and diverse groups of people. Listen in as I share my own experiences with judgmental thoughts and how I have learned to work through them. You will learn how to move from a place of negativity to positivity and empathy. We can all be our own worst critics and no one is perfect, so it is time to start being gentle with ourselves and others. “Be kind to yourself.” - Tracey Bissett This Week on Young Money: How the dictionary describes the word “judgment.” How quickly perspectives can change when it’s you. Why we must be open to new experiences. The importance of understanding the root cause of your judgment. Key takeaways: Notice when you are being judgmental. Put yourself in someone’s shoes. Practice gratitude and positive thinking. Open your mind. Be kind to yourself. This episode is powered by the Cash Control Bootcamp: Entrepreneurs: To start a new venture or take yours to next level requires you to understand the cash flow cycle and how to manage the cash flow in your business. To help you learn those critical skills I have developed the Cash Control Bootcamp. The Cash Control Bootcamp is an introductory live, online group program that empowers entrepreneurs just like you to demystify your business finances and get control of your money so you can sleep better and provide the lifestyle you want for you and your family. The Cash Control Bootcamp - Know Your Numbers, Protect your Business and Grow for the Future, is for you. Register today here. Take back control of your business today! 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!  Subscribe to 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.

EP143 Milli Moves: How to Stop Being Judgy

Darlene M. Rites is a family law lawyer experienced in the resolution of all family law matters with a focus on settlement. With significant experience litigating disputes involving custody, support, property, and child abduction, Darlene applies a practical and individualized approach to all her cases and focuses her unique skills on creating positive outcomes for her family law clients. She joins the show today to discuss what you should consider before moving in with your partner, as well as how to approach a conversation about a marriage contract. Listen in to learn why common-law relationships do not have the same rights as married spouses, the importance of open and honest conversations with your partner, and more. “Don’t assume you know something because it happened to a friend.” - Darlene M. Rites This Week on Young Money: The day-to-day life of a lawyer. How Darlene became so successful. Why she is teaching her child how to budget from a young age. Things to consider when moving in with your partner. How to approach a conversation about marriage contracts. The importance of open and honest conversations. Why common-law relationships do not have the same rights as married spouses. Key takeaways: The importance of a strong work ethic. What simple thing Darlene credits to helping her toward success. Why budgeting is crucial. When to consider a marriage contract. Why we can’t assume we know something just because it happened to a friend. Resources Mentioned: EP031 True Cost of Being a Wedding Guest EP037 Cohabitate in a Financially Fit Way EP080 Weddings on a Budget EP092 How to be In Love AND Financially Fit with Wendy Brookhouse   This episode is powered by the Cash Control Bootcamp: Entrepreneurs: To start a new venture or take yours to next level requires you to understand the cash flow cycle and how to manage the cash flow in your business. To help you learn those critical skills I have developed the Cash Control Bootcamp. The Cash Control Bootcamp is an introductory live, online group program that empowers entrepreneurs just like you to demystify your business finances and get control of your money so you can sleep better and provide the lifestyle you want for you and your family. The Cash Control Bootcamp - Know Your Numbers, Protect your Business and Grow for the Future, is for you. Register today here. Take back control of your business today! Connect with Darlene M. Rites: Website LinkedIn 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!    Subscribe to 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.

EP142 Adulting 101: Your Family & the Law - Lawyers & Mediators Explained with Darlene M. Rites

Are you being thoughtful with your spending, or are you mindlessly shopping on your phone or computer? With social distancing still in full force, the isolation is starting to get to many of us, and you may feel as though you are spending less because you are not going out and doing as much as before. But in this episode, I want to challenge this assumption and discuss the ways you may be overspending through this pandemic. As an advocate of financial fitness, I want everyone and their businesses to come out of this crisis as strong as possible. Listen in as I share how you can avoid derailing your progress toward your goals by asking yourself one simple question before making any purchases. If you are prepared to start thinking of your future self instead of only thinking about what makes you happy now, this is the episode for you. “Think about your future self and what will be best for them versus what will make you happy in the moment.” - Tracey Bissett   This Week on Young Money: The ways you may be mindlessly spending. Why it's important to think of your future self. Whether debt levels are growing during the pandemic. The simple question you need to ask yourself before every purchase.   Key takeaways: Why you need to think of your future self. How to avoid mindless spending. The importance of agility.   Join Tracey Bissett for the Cash Control Bootcamp: Registration is now open for the Cash Control Bootcamp here. The Cash Control Bootcamp is an introductory live,  4 week online group program that empowers entrepreneurs just like you to demystify your business finances and get control of your money so you can sleep better and provide the lifestyle you want for you and your family. The Cash Control Bootcamp - Know Your Numbers, Protect your Business and Grow for the Future, is for you. Register here today!   Resources Mentioned: EP063 Money Mindfulness with Jessica Moorhouse EP128 Adulting 101: How to Get Out of Debt-No Matter What Got You Into It EP133 How to be Financially Fit During A Global Pandemic EP135 How to Evaluate Your Financial Situation and Plan for Cash Control EP137 How to Manage & Negotiate With Creditors (People You Owe Money) EP139 Should you be Financially Selfless During a Global Pandemic   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!    Subscribe to 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.

EP141 Mindless Spending Through the Global Pandemic

Continuing in our Real Estate 101 series, we have a Home Inspector from Toronto on the show today. Starting out her career in the 1980s, Lisa Simkins did not follow a traditional path towards her life as a young professional woman. After graduating from the University of Waterloo, when the faculty’s department was still called “Man-Environment”, Lisa worked in the fields of Mennonite country as a Land Surveyor’s assistant, then trained at Seneca College for Commercial Diving, obtaining her Canada Oil and Gas Lands Category I Diving Certificate. In this episode, Lisa shares how her average day as a Home Inspector looks and the role a Home Inspector plays when purchasing a house. You will learn the different areas of a house to have inspected by a Home Inspector to ensure you are not buying property that has preexisting issues. If you have been considering purchasing a home but are unsure as to what you should be looking out for, this is the episode for you.   “You need a Home Inspector to understand what you’re buying.” - Lisa Simkins   This Week on Young Money: A typical day as a home inspector. Why home inspectors are important and who needs them. What to look for when hiring a home inspector. Misconceptions around home inspectors. The specific spaces in a house you should have looked at by a Home Inspector. Key takeaways: The importance of Home Inspectors.  Mistakes to avoid when hiring a Home Inspector. How to find a Home Inspector. Resources Mentioned: Superior Home Inspectors Connect with Lisa Simkins: Twitter LinkedIn 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!    Subscribe to 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.

EP140 Real Estate 101: Role of the Home Inspector with Lisa Simkins

I have had many conversations with business owners and other individuals recently regarding government payments during the current global pandemic. A common theme among them has been people saying things along the lines of, "I’m not so bad off. I’ll be okay, and I’ll let other people or businesses get the money instead." Hearing this mindset come up again and again really made me wonder: Should you be financially selfless during a global pandemic? In this quick episode, I want to share with you why I believe that if you are struggling financially throughout these unprecedented times, then you should absolutely not refrain from applying for government support. Listen in as I explain my simple answer to this common question—and if you qualify, please apply! “If you are struggling financially, it makes the decision very easy and people will—and should—apply” - Tracey Bissett   This Week on Young Money: How to survive and thrive during this pandemic. Whether you should be financially selfless during this time. How to join a complimentary webinar hosted by me.   Key takeaway: If you qualify—apply!   Resources Mentioned: EP128 Adulting 101: How to Get Out of Debt-No Matter What Got You Into It EP133 How to be Financially Fit During A Global Pandemic EP135 How to Evaluate Your Financial Situation and Plan for Cash Control EP137 How to Manage & Negotiate With Creditors (People You Owe Money) Cash Control Connect with Tracey Bissett: Twitter 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!    Subscribe to 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.

EP139 Should You Be Financially Selfless During a Global Pandemic?

Alexandra Cote is a motivated realtor with an impressive work ethic, committed to reaching her clients’ real estate goals. Voted Best Real Estate Agent in Toronto for the last 4 years by the NOW Reader's Choice Awards, Alexandra is a consistent top producer in her industry. She joins the show today to discuss what we can expect to see in real estate as we power through these challenging and tumultuous times. In this episode, we discuss the changes real estate will see in the coming years, as well as the importance of consulting a realtor when purchasing or renting your first home. Listen in to learn which professionals you should include in your home buying transaction, the common expenses you may be unaware of in the home buying process, and more. “What I want is for that client, a year down the road, to be happy with the decision.” - Alexandra Cote This Week on Young Money: What we can expect to see in the real estate market coming out of these uncertain times How real estate is still moving forward through social distancing The importance of consulting a realtor when making your first home transaction Which professionals you should include in every home buying transaction The common expenses to be aware of in the home buying process Why it is not a good idea to try and purchase a home without a realtor Common misconceptions to avoid   Key takeaways: The role a realtor plays in home buying How to decide which property is right for you The importance of a real estate lawyer, home inspector, and mortgage broker How to budget properly for a home How to overcome the fear of home buying   Resources Mentioned: Parkdale Community Food Bank   Connect with Alexandra Cote: Website Instagram Linkedin   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!    Subscribe to 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.

EP138 Real Estate 101: Role of the Realtor with Alexandra Cote

During these unusual times, you may find that you are working more, less or not working at all. Because of this, your money situation may be at the forefront of your mind, and you are likely considering how you can save money and keep control of your budget. You may realize that you cannot afford to pay for everything that you are signed up for, so reducing expenses will be essential. You could, for example, consider lowering your auto insurance premiums because you are now working or studying from home. But, how do you go about negotiating with creditors about a reduction? Today, I share a short, practical training on how to manage and negotiate with your creditors. I reveal the best way to approach the people you owe money to and how to structure your conversation. I share how contacting your creditors over the phone and the internet differs. I also highlight why it is vital to get any agreement in writing and check the implications to your credit score and overall cost of the debt. “Being proactive and honest with creditors and trying to make a plan is being responsible.” - Tracey Bissett This Week on Young Money: How to make a list of the people you owe money to Sorting your creditors into an order, starting with those that have the most significant impact on your cash flow Preparing your mindset and recognizing your motives before contacting creditors How to research and inform yourself about the options available, including contacting a professional and visiting creditor websites The online route versus the telephone route of speaking to the people you owe Why you shouldn't stop your momentum after your first success Why you must check for any implications linked to your negotiations, including your credit score and total cost of borrowing Three steps to managing and negotiating with creditors: Make a list of all creditors (people you owe money) Make the actual approach Get it in writing and other details Resources Mentioned: EP115: Shmoney Guide with Olga Kirshenbaum EP133 How to be Financially Fit During A Global Pandemic EP135 How to Evaluate Your Financial Situation and Plan for Cash Control 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!    Subscribe to 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.  

EP137 How to Manage & Negotiate With Creditors (People You Owe Money)

Sanjana Kapur Bansal is the founder of Dream Energy Solutions, an independent energy broker that helps Ontario businesses make better energy decisions and lower their gas and electric spend. She is a certified business energy professional and licensed energy broker in the province of Ontario. Sanjana is an entrepreneur who is passionate about education and empowerment. She holds a Bachelor of Business Administration in International Business and Marketing from Stephen F. Austin State University and a Master's in Business Administration from the University of Texas at Tyler.   Sanjana joins me today to discuss the power of possibility and how to create your path to success. She reveals the traits that led to her success, including embracing challenges, learning from mistakes, working hard, and doing the research. Sanjana shares how questioning her parents about budgeting helped her develop the right mindset for running a business. She also stresses the importance of networking without trying to sell and building a community and tribe that you can trust. “Being an entrepreneur isn't just about following what you are passionate about but also being careful about the money aspect.” - Sanjana Kapur Bansal This Week on Young Money:   Embracing challenges, change, and education to find success What it’s like being an entrepreneur Growing up and learning about budgeting and financial planning  Seeing all business expenditure in terms of investment and return Doing your due diligence, researching the market, and following your passion The importance of networking, creating a community, and a tribe you can trust How to network the right way Why trying to sell is not the right approach to networking The power of learning from mistakes Key takeaways:   Focus on budgeting Be unique Network Learn from your mistakes Connect with Sanjana Kapur Bansal:   Dream Energy Solutions Sanjana Kapur Bansal on LinkedIn Dream Energy Solutions on Facebook Dream Energy Solutions on Instagram Dream Energy Solutions on Twitter 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!    Subscribe to 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. 

EP136 Inspiration and the Power of Possibility with the Cha-ching Queen, Sanjana Kapur Bansal of Dream Energy Solutions

As we continue to face these unprecedented times with the spread of COVID-19, it’s natural to feel sad, worried, and anxious about what each new day will bring and what your future will hold once the pandemic is over. Whether you’re a student with seminars or classes suddenly cancelled, or a business owner who has been told to close your doors for the foreseeable future, these are uncertain times for everyone. And while we know this won’t last forever, the initial shock of our short-term reality is starting to wear off and we’re beginning to settle into our ‘new norm.’ Everyone’s financial situations are different, so it is vital to take stock of where you are and make adjustments where needed to remain financially fit. Today, I share how to evaluate your financial situation and plan for cash control. I share the steps you need to take to evaluate your current financial situation and how to use your numbers to calculate your cash surplus or deficit. I reveal the ways that you can increase the inflow of your finances and the options that may be available to reduce your outflows, such as deferrals, cancellations, and interest rate reductions. I also share where you can find and apply for financial assistance packages from the government. “It is really important to focus on the reality and not worry about what might be the worst-case scenario.” - Tracey Bissett This Week on Young Money: Assessing your financial inflows from part-time or full-time employment and adjusting your expectations to account for wage fluctuations Assessing your financial outflows including accommodation costs, utilities, loans, insurance, cell phones, and groceries How to double-check your outflows using your online bank and credit card statements How to reduce your financial outflows during a prolonged period at home How to calculate your numbers to determine your cash shortfall or surplus Finding income opportunities to boost your cash flow Where to apply for government instituted assistance packages The financial outflows that may be eligible for deferral Four steps to evaluate your financial situation:   Inflows: How much money is coming in Outflows: How much money is going out Put it all together Make a plan for cash control Resources Mentioned:   EP057 Bankruptcy and Consumer Proposals 101 with Doug Hoyes EP069 How to be Financially Resilient with Jackie Porter EP081 Credit Canada Debt Solutions with Laurie Campbell EP128 Adulting 101: How to Get Out of Debt – No Matter What Got You Into It EP133 How to be Financially Fit During A Global Pandemic Canadian Government Financial Assistance 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!    Subscribe to 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.  

EP135 How to Evaluate Your Financial Situation and Plan for Cash Control

Nunzio Presta is the CEO and founder of BizON, an online marketplace where thousands of people sell, buy, and grow business and franchises. Nunzio is a former professional hockey player and entrepreneur with extensive experience in identifying funding and building businesses. He is a mentor to small business owners and entrepreneurs, sharing his skills in leadership, marketing, product development, and strategy. Nunzio contributes to the digital resource, Thrive Global, sits on the board of directors for multiple startups, and is part of Startup Canada’s Entrepreneur Success Advisory Council.    Nunzio joins me today to share how to start, buy, and sell businesses. He shares how BizON helps people find existing companies and get into ownership. He reveals the mindset and skills that successful business owners possess along with tips and considerations for starting a business. He discusses what to look for when assessing a business and the importance of doing your due diligence. Nunzio also shares common missteps to avoid when starting or acquiring a business. “You don't have to start a business to own one. You can find an established business today that gives you purpose.” - Nunzio Presta This Week on Young Money:   Starting a marketplace and community where small businesses owners can list their business Getting into business ownership Traits of successful business owners including reliability, focus, curiosity, and energy The things Nunzio wished he knew earlier in his entrepreneurial journey Tips for starting a business and the importance of a good team What to look for when buying a business including self-sufficiency, timing and trends, and the business model Using professionals to do your due diligence  Missteps to avoid in the startup and business space Key takeaways:   Think about success as a journey Start with the right motivation Validate your idea Look at things through the lens of social, economic, and tech trends Be patient and think about the future Do your due diligence Resources Mentioned:   EP020 Business Financing Tips with Sharon Connolly, VP at BDC EP121 BDCs Sharon Connolly on Young Entrepreneurs & Newcomers to Canada   Connect with Nunzio Presta:   BizON BizON blog Nunzio Presta on Twitter Nunzio Presta on Facebook Nunzio Presta on LinkedIn BizON on LinkedIn BizON on Instagram BizON on Twitter BizON on Facebook BizON on YouTube 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!    Subscribe to 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.  

EP134 Young Money Masterclass: Starting, Buying or Selling a Business with Nunzio Presta, Founder & CEO of BizON

The COVID-19 virus has seen markets go into freefall in response to the crisis, the impact, and the implications of social distancing. You may have been asked to stay home from work and are experiencing a loss of wages. Perhaps you’re a small business that is suffering or a student adapting to learning from home. In this time of global economic uncertainty, it’s normal to have feelings of anxiety and panic from watching the news and stressing over how or when this crisis will end. But, now is the time that we need to control our actions and our reactions to what is happening. Today, I share how you can stay financially fit during a global pandemic. I share three tips for surviving this crisis, starting with staying calm and not making decisions based on your emotions. I discuss how you can assess your situation and the importance of acting now to get the assistance available, including the help offered by the government. I also share why it is helpful to talk to a financial advisor and stress the importance of communicating with those that you have financial ties with. “Historically, individuals who regularly invest in a diversified portfolio and stay invested for the long term have typically benefitted.” - Tracey Bissett This Week on Young Money: Remaining calm, knowing where you are, and recognizing that you are not alone Why you should not let emotions drive your investment buying and selling decisions Assessing your situation before deciding how to proceed Applying for government assistance packages Consulting professionals, financial planners, and advisors to understand your risk tolerance Communicating with those you are financially tied to   Key takeaways: Remain calm Assess the situation Consult a professional Communicate   Resources Mentioned: EP032 David Jenkins on Investing with TheAnswerIs EP033 Investing Basics EP038 Investor Spotlight Part 1 EP040 Investor Spotlight Part 2 EP069 How to be Financially Resilient with Jackie Porter EP128 Adulting 101: How to Get Out of Debt – No Matter What Got You Into It 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!    Subscribe to 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. 

EP133 How to be Financially Fit During A Global Pandemic

This is the stuff you need to know to get smart with your money, financially fit and start making millions. Tracey Bissett, Founder of Bissett Financial Fitness, gives you the straight goods each week to set yourself up for financial success. As a Chartered Financial Analyst who’s helped hundreds of small business owners understand and take control of their own financial future, Tracey goes behind-the-scenes of all the money matters with need-to-know tips, money-making demystified, and special power-player interviews. Join us weekly for Financial Fitness Training that will turn even a Cash Couch Potato into a Marathon Money Maker.

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Young Money with Tracey Bissett

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