今年夏季,絕不能錯過名勝壹號世界郵輪重回基隆啟航!多種優惠方案讓您輕鬆預訂心儀的日本沖繩郵輪行程,同時省下大筆開支!

More Money Podcast

1 年前
-
-
(基於 PinQueue 指標)

More Money Podcast

Want to learn how to save, earn, and do more with your money? Then welcome to the More Money Podcast! Canadian Money expert, Accredited Financial Counsellor Canada® and podcast host Jessica Moorhouse is here to guide you on your personal finance journey and share the stories, expertise, and wisdom from top personal finance and business experts, celebrities, entrepreneurs, authors, and influencers to help simplify and demystify the "complex" world of money. In other words, if you want to get a better handle on your money but have no idea where to start...you're in the right place. New episodes air every Wednesday. For podcast episode show notes, visit jessicamoorhouse.com/podcast. To enquire about being a guest on a future episode, visit jessicamoorhouse.com/podcastsubmissions

2022-05-18 14:00:50

329 A Better Way to Save for Retirement - Frederick Vettese, Author of Retirement Income for Life

I have another returning guest joining me on the podcast today to share more about his new book and his rule of thumb for saving for retirement. Frederick Vettesse is back on the podcast to talk about his new book, The Rule of 30: A Better Way to Save for Retirement, and the different approach he took to write this book as opposed to his others. Frederick Vettesse is the former chief actuary of Lifeworks and a best-selling author of books all about retirement. He’s also a regular contributor for the Globe and Mail. He first appeared on the More Money podcast in episode 262 where he chatted about how to not run out of money during retirement. In this episode, Frederick explains what the rule of 30 is for retirement, including how much to save and invest at certain ages and stages in your life and is it ever too late to start. We also talk about investing options including if real estate is still a good investment for your future. Another important topic we cover is planning for the best-case scenario along with the unexpected and inevitable changes that come from getting older including potential job loss and declining health. For full episode show notes visit: https://jessicamoorhouse.com/329

2022-05-18 14:00:50

328 How to Live in the Now and Still Save for the Future - Paris Woods, Author

This week’s episode is FULL of so many interesting topics including, debt, FIRE, privilege and so much more. I’m so excited to welcome author, Paris Woods to the podcast to share how we can all learn from her mistakes in her new book, The Black Girl’s Guide to Financial Freedom. Paris Woods is a lifelong educator, first-generation and two-time college graduate of Harvard University. She’s currently completing her doctorate at the University of Texas at Austin. In her new book, The Black Girl’s Guide to Financial Freedom, Paris teaches readers how to live an abundant life now and continue to do so in the future through her simple personal finance principles. In this episode, Paris shares her approach to FIRE, why she’s so passionate about educating the black community about finance and why debt is the number one obstacle to your financial goals. I loved reading Paris’s book because it felt like having a chat with your best friend and I hope this episode leaves you with the same feeling! For full episode show notes visit: https://jessicamoorhouse.com/328

2022-05-11 14:00:27

327 Putting Together Your Financial First Aid Kit - Alyssa Davies, Author & Blogger at Mixed Up Money

I’ve got a returning guest joining me on the podcast today whose new book should be added to everyone’s personal finance reading list. Alyssa Davies of Mixed Up Money is on the show to talk about her latest book, Financial First Aid, and how her approach to saving for unexpected expenses can help you with your anxiety surrounding money. Alyssa Davies currently resides in Calgary, Alberta, and is a content manager for Zolo as well as a two-time Plutus Award winner for Canadian Personal Finance Blog of the Year for . The last time she was on the show was back in 2020 to discuss her first book, The 100 Day Financial Goal Journal (which is episode 235 in case you want to listen). Now two years later, she’s back to share tidbits from her new book Financial First Aid: Essential Tools for Confident, Secure Money Management. In today’s episode, Alyssa shares what she’s been up to since our last episode, why she’s passionate about emergency funds, and how big of a role therapy and taking care of your mental health has played in her financial journey. Like myself, Alyssa wants to make financial literacy more easily accessible and understandable. I can’t wait for you to listen to this one! For full episode show notes visit: https://jessicamoorhouse.com/327

2022-05-04 14:00:18

326 Buying Your First Home in a Hot Real Estate Market - Sandra Rinomato, Former HGTV Host and Real Estate Broker

I’m so excited to share this week's episode of the More Money podcast because I’m such a mega fan of my guest. You may also recognize her from popular HGTV shows like Property Virgins and Buy Herself — Sandra Rinomato! Sandra joins me on the podcast to share her expertise in all things real estate. Sandra Rinomato is a Toronto real estate Broker/Owner with over 25 years of experience. She has worked with hundreds of clients, many of them single women, and her book, Home Worthy: How to Buy Your Dream Home with Ease, outlines the importance of knowing yourself well, setting goals, remaining flexible, and keeping the goal of homeownership at the forefront of your search. In this episode, Sandra shares stories about helping single women purchase homes for the first time and how their fear for the future is often their biggest obstacle. I also ask Sandra why it seems like older generations are forgoing downsizing and what impact that has on the current market. So much is covered in this episode that you won’t want to miss! Don't forget to enter Sandra's special giveaway for one lucky listener! For full episode show notes visit: https://jessicamoorhouse.com/326

2022-04-27 14:00:29

325 What to Know Before Investing in Canadian Fine Art - Rob Cowley, President and Co-Founder of Cowley Abbott

This season on the podcast we’ve been exploring alternative ways to invest your money and in this episode, we’re diving into the Canadian art world. To help navigate how to invest in art is Rob Cowley, a Canadian Art Specialist and the President and Co-Founder of Cowley Abbott. Rob Cowley is a Canadian Art Specialist who first started as a clerk at an auction house in Toronto in 2000. In 2013, Rob and his coworker Lydia Abbott set out on their own and founded the auction house, Cowley Abbott. Cowley Abbott bridges the gap between traditional art auction services and the online fine art marketplace. Cowley Abbott’s live and online auctions have included headline-grabbing and record-setting works while providing Canadians with the expertise they need when it comes to purchasing art. In this episode, Rob shares how the pandemic caused a boom in the Canadian fine art market. He also answers my many questions about how this sort of investment works in terms of depreciation and the other costs involved in buying art. Rob also gives a great explanation about what exactly NFTs are and how they protect and benefit digital artists. This episode is full of great insider knowledge on the art world and how its become more accessible to newbie art investors, which is great news for anyone looking into alternative investments! For full episode show notes visit: https://jessicamoorhouse.com/325

2022-04-20 14:00:37

324 Successfully Launching a Startup in Canada - Marc-André Campagna, Co-Founder and CEO of oxio

Calling all budding entrepreneurs, today’s bonus episode is for you! We often hear from the founders and CEOs from the U.S., but how different is it to start and find funding for your startup in Canada? The answer to that and so much more is covered in today’s episode. Joining me on the podcast is the co-founder & CEO of oxio, a Canadian home internet provider that offers fair and affordable pricing (and the one I currently use for my internet in case you're wondering). Marc-André Campagna is from Baie-Comeau, Quebec and as I mentioned is the CEO and co-founder of oxio. After helping his parents move and set up their internet, it sparked his interest in developing a more affordable internet provider that put Canadians' needs first. This led him to drop out of Law School at Laval University to start Accès Télécom (now oxio) along with his friend Francis Careau. In this episode, Marc-André shares what it was like to launch a successful startup in Canada including finding investors, participating in an incubator program, and understanding the importance of networking. He also explains how oxio is shaking things up in the telecom industry by putting the customer experience first and why Canada needs to move away from oligopolies. For full episode show notes visit: https://jessicamoorhouse.com/324

2022-04-14 14:00:50

323 How Ego Gets in the Way of Smart Investing - Gil Baumgarten, Founder and CEO of Segment Wealth Management

It seems like every other week there’s a new investment craze and before you can wrap your head around it everyone on social media is already on to the next one. In this week’s episode, I’m joined by a veteran of the investment industry to help navigate through all the investing noise. Gil Baumgarten is the Founder, President, and CEO of Segment Wealth Management and the author of FOOLISH: How Investors Get Worked Up and Worked Over by the System. Gil Baumgarten has been a part of the investment industry for over 37 years and has been the multi-year recipient of the Top 1,200 Financial Advisors in America distinction by Barron’s. He started his career on Wall Street in the 1980s but found it routinely emphasized its own interests over the clients. In 2010, Gil left the brokerage world to start Segment Wealth Management, a fiduciary firm where the interests of the client and the firm could align. He launched his first book, FOOLISH: How Investors Get Worked Up and Worked Over by the System last spring. In this episode Gil pulls back the curtain on Wall Street and why he ultimately decided to leave and do things on his own terms. Gil shares why a lack of understanding about short-term investing is what leads to major losses and ending up in high tax brackets. I also ask Gil what’s the difference he’s seen from working with high-net-worth individuals and what we can learn from their investment strategies. For full episode show notes visit: https://jessicamoorhouse.com/323

2022-04-13 14:00:18

322 Breaking the Debt Cycle for Good - Erin Skye Kelly, Author and Financial Educator

This week on the podcast we’re tackling a common money problem that affects millions of people everywhere. Of course I’m talking about debt. Joining me today is an author who racked up over $2 million of personal debt, despite being the owner of a mortgage brokerage at the time. Erin Skye Kelly, is on the show to share how she paid down her debt and is now helping others do the same. Erin Skye Kelly is a bestselling and award-winning author, podcast host, educator, and entrepreneur. She’s created courses and workshops focused on financial empowerment and her book “Get the Hell Out of Debt'' teaches financial literacy through a relatable and approachable lens. In this episode, Erin shares what led her to accruing millions of dollars of debt, despite working in the financial industry and why that’s a more common occurrence than you’d think. She also shares why learning to build wealth is a part of her step-by-step guide to tackling your finances and how the pandemic has shifted things for younger generations. Whether you have student loans or have been racking up credit card debt, today’s episode will motivate you to start putting together a repayment plan. For full episode show notes visit: https://jessicamoorhouse.com/322

2022-04-06 14:00:05

321 Getting Out of Your Own Way - Joyce Marter, Author and Licensed Psychotherapist

The More Money podcast is no stranger to conversations surrounding mental health and in fact I’m always happy to keep that conversation going. In today’s episode licensed psychotherapist Joyce Marter joins me to talk about her new book, The Financial Mindset Fix, and share how it's the new guidebook for getting ahold of your mental health in order to fix your financial wealth. Joyce Marter has been a licensed psychotherapist for 25 years and has bared witness to how improving your mental health can result in an increase in your financial wealth. She’s also an entrepreneur, a national public speaker, and a mental health thought leader. She is the founder of Urban Balance, a national outpatient mental health company, and the author of The Financial Mindset Fix: A Mental Fitness Program for an Abundant Life. In this week's episode, Joyce shares the correlation between mental health and financial wealth, how her book tackles topics like abundance vs. scarcity mindset, the effects of limiting beliefs and why we need to stop selling ourselves short. It was an absolute pleasure to have Joyce on the podcast and have her share lots of food for thought. For full episode show notes visit: https://jessicamoorhouse.com/321

2022-03-30 14:00:06

320 Learning to Financially Adult - Ashley Feinstein Gerstley, Author and Founder of Fiscal Femme

We talk a lot about adulting on this podcast and today we’re delving back into the topic but more specifically, financial adulting. I’m so excited for today’s guest since she wrote the literal book on the subject. Joining me is the author of Financial Adulting: Everything You Need to be a Financially Confident and Conscious Adult, Ashley Feinstein Gerstley. Ashley Feinstein Gerstley is an author, money coach, and founder of the money platform Fiscal Femme. She has over 15 years of experience in the financial services industry from investment baking to corporate finance. Her new book, , is a guide that breaks down everything you need to be a financially confident and conscious adult. In this episode, Ashley shares how she went from investment banker to money coach, why privilege is multi-faceted, and how to overcome financial overwhelm. I really enjoyed my chat with Ashley and her positive approach to personal finance and I think you will too! For full episode show notes visit: https://jessicamoorhouse.com/320

2022-03-23 14:00:32

319 How Much It Really Costs to Have a Pet - Katie Blakeley, Head of Pet Insurance at MetLife

Were you one of the many people who adopted a pet during the pandemic? You wouldn’t be alone because the number of pet adoptions significantly rose during the last couple of years. My husband and I have also been toying with the idea of adopting a pet, which is why I’m so excited about today’s episode. Today’s episode is all about the real cost of owning a pet, including whether it's worth it or not to get pet insurance. To help me with this topic is Katie Blakeley, Head of Pet Insurance at MetLife. Prior to joining the MetLife team through acquisition, Katie was the CEO of PetFirst Pet Insurance. She had been with the organization since it was founded in 2004 serving in a variety of roles including Marketing Director and Vice President of Business Development. Prior to joining PetFirst, Katie worked in the thoroughbred racing industry. Katie lives in Louisville, Kentucky with her husband Chris, daughters Maddie and Charlotte, and terrier-mix (Franklin). In this episode, Katie talks about how much money should you be putting aside for monthly pet costs, why you should consider pet insurance, and how much you could expect to pay for it. I also ask Katie all about why breeds and pre-existing conditions matter when it comes to pet insurance rates. This episode is great if you’re already a pet owner or you’ve been considering getting a furry friend (like me) too. For full episode show notes visit: https://jessicamoorhouse.com/319

2022-03-16 14:00:18

318 Why You Should Ask More Questions About Your Money - Lisa Hannam, Executive Editor of MoneySense Magazine

Calling all Gen Zs, this is the episode for you! I’m so happy to welcome today’s guest on the podcast today since I’ve been an avid reader of MoneySense Magazine for over a decade. Lisa Hannam, the Executive Editor for the digital magazine, joins me today to share what Gen Z should be looking out for when it comes to getting personal finance advice. Lisa Hannam has worked in publishing as a journalist and editor for 17 years. She is a leading force in the success of MoneySense, creating some of the publication's most viewed and sought-after content. She writes and edits popular articles about personal finance, insurance, banking, investing, practical money tips, and more. In this episode, Lisa and I talk about why you should always question the sources of the financial advice you follow and how the tone of personal finance education has changed for the better. We also discuss why understanding how your values play into how you manage your money. Lisa was such a great guest and so I know you’ll love this episode! For full episode show notes visit: https://jessicamoorhouse.com/318

2022-03-09 15:00:58

317 How to Retire on Your Own Terms - Ryan Goldsman, President of Monkey Credits

If you’ve ever been curious about what it takes to become a CFP, how to get your foot in the door of the Canadian financial industry, or how to set yourself for a successful retirement in Canada...then this episode is going to be just what you've been looking for. In this episode, I’m joined by Ryan Goldsman, the President of Monkey Credits and the author of Elmer's Nine & Dine: A Guide to Retirement Planning. Ryan Goldsman is a Certified Financial Planner, has worked for some of Canada’s largest banks, and has taught at George Brown College in their financial planning program. He is now focused on growing his continuing education platform, Monkey Credits Inc. which offers courses to help future CFPs. Ryan shares how Monkey Credits was never meant to be a business, but 5 years on he’s looking to expand its offerings to help further the education of financial planners across Canada. We also talk about his book Elmer's Nine & Dine, which is a succinct guide to retirement planning for Canadians (and a book I think every Canadian should read). For full episode show notes visit: https://jessicamoorhouse.com/317

2022-03-02 15:00:49

316 Should Wine Be Part of Your Investment Portfolio? - Atul Tiwari, CEO of Cult Wines Americas

Right now the investing space has been taken over with talk of cryptocurrencies and NFTs, but those aren't the only alternative investment options for investors. Heck, there are some alternative investments that even include physical things attached to them...like wine! That’s why I've got Atul Tiwari, CEO of Cult Wines Americas, back on the show to discuss all the ins and outs of investing in a portfolio of fine wine (and yes, you can actually drink the wine if you want too!). You may remember Atul from episode 170, when he was CEO of Vanguard Canada. Back then, he came on the show to share how he helped pioneer ETF investing in Canada and some of the benefits of index funds. Now, he's in a very different role, focused on educating and helping investors diversify their portfolios even more by investing in fine wine. Cult Wines originated in the U.K. in 2007, and Atul has taken on the task of bringing the company over to North America, making wine investing more accessible to Canadian investors. In this episode, Atul goes over everything from what’s the return on investment with fine wines, how to build a strong portfolio, fee structure, as well as where the wine is physically stored. As someone who enjoys a glass of wine (but rarely spends more than $15 on a bottle), I wanted to know what constitutes a fine wine, and are there wines that are bought without the intention of drinking it? If you’re keen to find out the answers and more about fine wine investing, then you’ll love this episode! For full episode show notes visit: https://jessicamoorhouse.com/316

2022-02-23 15:00:35

315 The Evolution of The Budget Mom - Kumiko Love, The Budget Mom

This week’s episode has a little bit of everything, including talking about budgeting, investing, and defining success on your own terms. Joining me on the show today is The Budget Mom aka Kumiko Love, whose new book My Money My Way: Taking Back Control of Your Financial Life is such a great read that is chock-full of practical finance tips. In 2015, Kumiko found herself in $77,000 worth of debt while making a yearly salary of only $24,000 as a single mom. She managed to pay off the debt in record time, while also sharing the journey on her blog, The Budget Mom. She now has 2 million highly devoted followers that love her personally designed budget planners. Her new best-selling book, My Money My Way: Taking Back Control of Your Financial Life, shares her story, as well as others to show that you too can take control of your money. Kumiko wants people to ask themselves once they finish the book if their glass is half empty or half full when the correct answer is actually that it’s refillable. I loved having Kumiko on the show because she is such a positive and inspiring woman who wants everyone to succeed by doing money their own way. For full episode show notes visit: https://jessicamoorhouse.com/315

2022-02-16 15:00:54

314 How to Get Rid of Debt and Level up Your Financial Life - Anthony ONeal, Author, Speaker and Podcast Host

I always find by February, the initial buzz of the new year and all those goals we’ve made have subsided. That’s why today’s episode is the perfect injection of motivation to get us all excited about our goals again. Joining me on the podcast today is bestselling author Anthony ONeal to inspire you to get rid of your debt and start living your life on your terms Anthony ONeal is an author and speaker who has helped over 250,000 people set out on a path towards a debt-free life with his chart-topping book Debt-Free Degree. He’s also reached over 15 million people in 15 different countries through his podcast The Table. In addition to helping people climb out of debt, he's also on a mission to help singles maximize their single season with both intention and grace with his new course The Single’s Blueprint: 8 Pillars to Maximize Your Single Season. In this episode, Anthony explains the starting points for getting out of debt, including having a vision for your money and zeroing in on the WHY of it all. He also shares what it means to maximize your single season and why taking control of your finances and life today will save you more time and money in the long run. For full episode show notes visit: https://jessicamoorhouse.com/314

2022-02-09 15:00:35

313 The Gamestop Craze One Year Later - Spencer Jakab, Author and Financial Journalist

January 2021 marked the 1-year anniversary of the Gamestop stock going viral, which led to the birth of meme stocks. To help make sense of what happened during that craze and the time since is my guest, Spencer Jakab whose new book “The Revolution That Wasn't: GameStop, Reddit, and the Fleecing of Small Investors” tells the story of what led to those events and what it says about investing in today’s social media culture. Spencer Jakab is an author, award-winning financial journalist, and a former top-rated stock analyst at Credit Suisse. He also edits the Wall Street Journal’s “Heard on the Street” segment. In today’s episode, Spencer talks about the rise of people turning to social media for investing advice and the danger of confusing investing with speculating or get-rich-quick schemes. Spencer also explains the initial purpose of the takeover of the Gamestop stocks and why it only made the rich richer. I thoroughly enjoyed talking to Spencer and hearing his take on Reddit threads like r/wallstreetbets and financial influencers, and I know you will too! For full episode show notes visit: https://jessicamoorhouse.com/313

2022-02-02 15:00:38

312 Is Investing in Real Estate Still Possible in This Housing Market? - Griffin Milks, Entrepreneur and Youtuber

If you’ve been a listener for any amount of time then you know investing is one of my favourite topics. I’ve talked a lot about investing in stocks and index funds, but I haven't really tackled investing in real estate...until today’s episode! Joining me on the podcast is entrepreneur and real estate investor Griffin Milks. Griffin is 25 years old and has already bought 15 houses and flipped 3 of them. After landing a government job after graduating from the University of Ottawa, where he studied business and commerce, Griffin started his YouTube channel that focuses on personal finance, stock, and real estate investing. As his YouTube channel and real estate portfolio grew, he was able to leave his 9-to-5 and become a full-time entrepreneur. In this episode, I pick Griffin’s mind about how he’s been able to build up a real estate portfolio at such a young age, and what his long-term strategy is. Griffin also shares his investing philosophy for building wealth and why he advocates for taking your time to do your research instead of getting sucked into the clickbaity world of TikTok and Reddit. For full episode show notes visit: https://jessicamoorhouse.com/312

2022-01-26 14:00:25

311 Money Advice for the Real World - Erica Alini, Author and Incoming Personal Finance Reporter for The Globe and Mail

Welcome back to a new season of the podcast! I hope you’ve had a nice winter break and like me are ready to get this year started. To kick off Season 14, I’m joined by author and personal finance reporter Erica Alini, whose new book Money Like You Mean is the perfect new year read. Erica Alini lives in Toronto and is the incoming personal finance reporter for The Globe & Mail after being a financial journalist at Global News for several years. She was also the face and creator of the Global News' Money123 personal finance series, which aired on Global National every Saturday evening for nearly two years. In this episode, we cover so many topics that Erica writes about in her new book, Money Like You Mean It, such as the trouble with buy now, pay later apps, renting vs. owning, how to increase your income, and why the pandemic is partially the reason behind the growing popularity in investing. For full episode show notes visit: https://jessicamoorhouse.com/311

2022-01-19 14:00:00

310 Balancing Wealth, Health & Happiness - Andrew Hallam, Author of Millionaire Teacher

It's the season finale for Season 13 of the More Money Podcast, can you believe it? Soon, we’ll all be ringing in the new year and hopefully see 2022 be the fresh start we all need. Joining me again on the podcast for this very special episode is the international best-selling author behind one of my all-time favourite personal finance books Millionaire Teacher, Andrew Hallam. Andrew is on the podcast today to talk about his new book Balance, which explores how to spend and invest in happiness and why our definition of success needs to be redefined. Andrew is a speaker, author, and personal finance writer. He’s given personal finance talks in more than 32 countries but still finds time to travel the world, explore jungles and climb volcanoes with his wife. His new book, Balance, is a combination of personal anecdotes and behavioural scientific studies that aim to share how we can get happier and wealthier. Balance is available for pre-order now but will be available on January 18th, 2022. I loved having Andrew back on the podcast and being able to chat about investing and why we are striving for things that we don’t actually want. Our chat was the perfect way to end this year and look toward the future. I hope that you have a wonderful holiday and a happy new year and I’ll be back in mid-January 2022! For full episode show notes visit: https://jessicamoorhouse.com/310

2021-12-22 15:00:00

309 How Not to Be a Fool When Investing in Stocks - Iain Butler, Chief Investment Advisor at The Motley Fool Canada

We all know I’m a hardcore index fund investor and love to talk about the benefits of passive investing for building long-term wealth. But I’m also often asked if I invest in individual stocks, to which I answer "Yes, I do actually." One of the ways that I learn about potential stocks to invest in is Motley Fool Canada, and Chief Investment Advisor Iain Butler joins me on today’s bonus episode of the podcast to talk stocks in-depth. Motley Fool Canada offers financial and investing research and education, and Iain has been an employee with them since 2012. He is a Chartered Financial Analyst (CFA) and the Lead Advisor on Fool Canada's flagship Stock Advisor Canada product. His investing interests are centered on scouring the market for interesting businesses that trade at under-valued prices and offer an appealing risk/reward relationship. In this episode, Iain shares why you should still have your overall portfolio in mind when investing in individual stocks and how having a long-term strategy is key to earning a greater return and reaching your investment goals. We also talk about the feelings of FOMO when it comes to the growing popularity of NFTS, meme stocks, and cryptocurrencies, and why Motley Fool Canada is a great place to learn more about how to invest in today's market with their daily updates and research. For full episode show notes visit: https://jessicamoorhouse.com/309

2021-12-16 13:00:00

308 Trauma, Privilege & Diversity in Personal Finance - Parween Mander, Money Expert and Founder of the Wealthy Wolfe

As the podcast starts to wind down before a short winter break, I’m so glad that before the end of the season I get to share today’s episode. Today we’re tackling some important topics like privilege, money trauma, and how to build generational wealth as a child of immigrants. To help navigate these topics is my guest and fellow Accredited AFCC® Parween Mander. Parween is a South Asian money expert and founder of the Wealthy Wolfe. She holds the Accredited Financial Counselor Canada® designation and is also a certified Trauma of Money Facilitator. She’s on a mission to provide honest and relatable financial coaching for women of colour. From her upbringing as a child of immigrants, she has been determined to help other WOC overcome their financial traumas and build generational wealth. Parween shares how her money journey began at 16 and why privilege is often a big part of people’s money journey that isn't acknowledged. There needs to be more diversity in this industry and I’m glad Parween is one of the amazing voices that’s spreading that message and her financial expertise. For full episode show notes visit: https://jessicamoorhouse.com/308

2021-12-15 15:00:00

307 Canada's Housing Boom...Is There an End in Sight? - John Webster, President and CEO of Scotia Mortgage Corporation

As someone who decided to sell her townhouse and buy a new house in Toronto this year, I can vouch for how crazy the Canadian housing market is right now. Although my experience is specifically in Toronto, talking to people across the country every single day...I know that people have similar experiences from coast to coast. Since real estate has become such a hot topic, especially because of the pandemic, I wanted to gain some further insight into why the housing market has exploded in the past two years and hear some predictions for what we can expect in the future. To provide that insight, I've got John Webster, President & CEO of Scotiabank Mortgage Corporation, joining me for this episode. John has 30+ years of experience in mortgage lending, and in addition to being the President & CEO of Scotiabank Mortgage Corporation, he's also the Head of the Real Estate Secured Lending Unit at Scotiabank which includes Scotia Mortgage Authority and Home Financing Solutions. John was previously the President & CEO of Maple Trust Company which was purchased by Scotiabank in 2006. He is also a founding member of the Canadian Association of Accredited Mortgage Professionals (CAAMP) now called Mortgage Professionals Canada, and was inducted into the Canadian Mortgage Hall of Fame in 2009. In this episode, John shares how the pandemic put pressure on the housing market and why the demand for housing will continue to be greater than the supply into the future. John also shares how lenders have had to adapt to this new normal over the past 18 months and the digital products and services they’ve introduced since the start of the pandemic. I love talking about real estate and especially when I can get an insider perspective on how we can best navigate the market, so I am very excited to share today’s episode with you! For full episode show notes visit: https://jessicamoorhouse.com/307

2021-12-08 13:00:00

306 The Real History of Index Funds & Passive Investing - Robin Wigglesworth, Author and Journalist for The Financial Times

In today’s episode, we’re being treated to a history lesson on index funds from my guest who wrote the book all about it. Robin Wigglesworth’s new book, Trillions: How a Band of Wall Street Renegades Invented the Index Fund and Changed Finance Forever, gives a broader history of index investing and how that has influenced the current markets. Robin Wigglesworth is an author and the global finance correspondent at the Financial Times since 2008. He focuses on the biggest trends reshaping markets, investing, and finance across the world by sharing long-form features, profiles, and columns. Robin’s new book is a fascinating look at the financial history of index funds and why it was the invention that Wall Street initially never wanted. In this episode, Robin shares how he fell into financial journalism and how his work allows him to be paid to learn. I was excited to talk to Robin because I thoroughly enjoyed his book, which is now going on my list as one of my favourite investing books, especially if you're a die-hard index investor like myself. For full episode show notes visit: https://jessicamoorhouse.com/306

2021-12-01 13:00:00

305 Why We Should All Plan to Be Financially Single - Ardelle Harrison, Author of Bank on Yourself

Being single shouldn’t have to mean that you can’t achieve all your financial goals, like owning your own home or retiring early. That’s why this week I’m talking with Ardelle Harrison who wrote a book all about how to be financially independent and why we should plan to be, even if we’re not currently single. Ardelle’s book “Bank on Yourself: Why Every Woman Should Plan Financially To be Single, Even If She's Not” was spurred by her interest in personal finance and out of the necessity of wanting to travel, pay for post-secondary education, and purchase a property. Ardelle is now a retired teacher and has been able to achieve all of her financial goals without relying on a partner. Ardelle’s book explains the importance of knowing the ins and out of your finances, despite your marital status, and how to best plan for your financial future. Ardelle shares how she’s handled the critics in her life who thought her financial goals were unattainable and why you need to find a team, personal and professional that can help you with your goals. This is a great episode for anyone no matter your age or what your relationship status is to know that even if you’ve never done something doesn’t mean you can never do it. For full episode show notes visit: https://jessicamoorhouse.com/305

2021-11-24 15:00:00

304 How to Fit Thematic ETFs into Your Investment Portfolio - Michael Kovacs, Founder, President and CEO of Harvest Portfolios Group

You know that I love talking about investing on the podcast, especially when I can get different perspectives about the topic. For today’s bonus episode, I’m joined by Michael Kovacs, the founder, president & CEO of Harvest Portfolios Group. Michael Kovacs got his start as a stockbroker in the '80s, which would later influence his decision to start Harvest Portfolios Group in 2009. Michael believes that the best way to create wealth is to invest in quality companies for the long term. This is reflected in the ETFs developed by Harvest, which are focused on investing in strong businesses that have the potential to grow and generate steady income over time. In this episode, Michael shares why Harvest is different from other ETF portfolio companies and breaks down how they also use options in some of their ETFs in order to generate income and growth. For full episode show notes visit: https://jessicamoorhouse.com/304

2021-11-18 13:00:00

303 The Deep Connection Between Money and Trauma - Morgan Blackman, CEO of Holistic Bucks Coaching Inc.

For this week’s episode, we’re getting deep. We’re talking about the intersection of trauma and money. To help talk about how the two subjects connect is holistic wealth coach Morgan Blackman. Morgan is the CEO of Holistic Bucks Coaching Inc. and is a certified Trauma of Money facilitator. The aim of Morgan's wealth and wellness coaching business is to help female business owners and leaders better understand their relationship with money in order to become financially secure and build generational wealth. In this episode, Morgan explains how past traumas, regardless of their severity, can affect every part of our lives including our money. She also delves into the different trauma healing methodologies she uses in order to tackle those money-limiting beliefs. Morgan is a big believer that by taking care of your mental well-being, the rest of your life, including your wealth, will feel the healing effects. I'm a huge advocate for mental health (you know I've mentioned several times on the podcast I see a therapist!) and it was so great to hear from Morgan about how she's bridging the gap between money and mental health. For full episode show notes visit: https://jessicamoorhouse.com/303

2021-11-17 13:00:00

302 Navigating Your Finances as a Small Business Owner - Joe Collins, CPA, and Partner & Owner of Avalon Accounting

I’m so excited for this week’s episode of the podcast because we’re talking about the money side of owning a small business and going freelance. I’m joined by Joe Collins, CPA, who is the partner and owner of the accounting firm Avalon Accounting. Joe's accounting firm Avalon Accounting focuses on working with Canadian small businesses because he believes they have a significant positive impact on our world (and I'd have to agree with that!). After some failed attempts at entrepreneurship, Joe still wanted to be a part of that world and decided to merge his passion for entrepreneurship with his affinity for numbers. This led him to go back to school and start his own accounting firm. As you can tell from his interview with me, he’s passionate about helping Canadian small business owners get to grips with their finances so that they can focus more on growing their bottom line. What you can look forward to in this episode is Joe answering small business owners' most pressing questions on taxes, write-offs, and common beginner mistakes to avoid when starting a business for the first time. I was so excited to talk to Joe since I’ve often referred back to his YouTube channel that shares hard-to-find answers to common questions multiple times. Whether you’re a freelancer, small business owner, or are just curious about what to know when it comes to starting a business...this is the episode for you! For full episode show notes visit: https://jessicamoorhouse.com/302

2021-11-10 13:00:00

301 What to Know About Getting a Mortgage (and Using a Credit Union) - Michael Borrelli, Branch Manager, Alterna Savings Credit Union

BONUS EPISODE! This episode is incredibly apt if you’ve been following along on my house hunting journey because it’s all about mortgages! I’m joined by the Branch Manager of the Bay Street Branch in Toronto for Alterna Savings, Michael Borrelli. Michael has been in the financial services industry for over 19 years with expertise in retail banking, product management, and acquisition. Michael is passionate about financial literacy and giving people transparent advice from a caring place so that they can better their financial wellbeing. In this episode, Michael fields my laundry list of questions all about mortgages and what to know for first-time buyers, how to set a budget to buy a property, and explains what all that mortgage jargon means in real terms. This episode is great for people who are thinking of getting into the real estate market and buying a home for the first time or already seasoned homeowners since I even learned some incredibly useful, new things! For full episode show notes visit https://jessicamoorhouse.com/301

2021-11-04 12:00:00

300 Why We Need to Redefine Wealth - Patrice Washington, Author, Coach and Host of The Redefining Wealth Podcast

This week we hit a major milestone on the More Money Podcast! Today is the 300th episode of the podcast and I almost can’t believe we’ve made it this far. Yes, we! I couldn’t have done it without you all listening every week, so I want to say a BIG thank you to all who’ve listened and supported the More Money Podcast over the past 6 years. For today’s episode, I am joined by author, podcast host, and hope-restoring coach Patrice Washington. Her book “Redefine Wealth for Yourself: How to Stop Chasing Money and Finally Live Your Life's Purpose” really amplifies her holistic approach to building wealth and why it’s intertwined with our physical and mental health. Patrice’s podcast “The Redefining Wealth Podcast” aims to change our money mindsets and she uses her Certification in Financial Psychology to help people beyond budgeting. Patrice has built a large community of people wanting to get to the heart of their money struggles so that they can achieve the life they want, on their own terms. Patrice is full of great insights into tapping into your why when it comes to making money. In this episode, Patrice shares how the 2008 market crash was a defining moment for her money journey, why wealth needs to be redefined, and her 6 pillars of wealth. I can’t wait for you to listen to it! For full episode show notes visit https://jessicamoorhouse.com/300

2021-11-03 12:00:00

299 Budgeting for Your Big Day - Jeffra Trumpower, Senior Director of Creative Marketing at WeddingWire

This week I’m tackling a subject that I’m shocked I’ve never talked about before, weddings! I love weddings but I also know how stressful it was when I was planning my own 8 years ago. To help me talk about all things wedding planning I’m joined by Jeffra Trumpower, Senior Director of Creative Marketing at WeddingWire. Jeffra has been part of the wedding industry for more than a decade, with a focus on marketing and content development. She has expanded her role at WeddingWire to all facets of marketing including, design, video production, live and virtual events, and more. She currently resides in Bethesda, Maryland with her husband, daughter, and Jack Russell terrier. WeddingWire was a site I used religiously when I was planning my wedding years ago, so I was so excited to have Jeffra on the podcast to get her great insight into the industry. Jeffra shares expert tips on wedding planning including where to start when it comes to planning, how to decide on a budget, and how to avoid regrets when it comes to your special day. For full episode show notes visit https://jessicamoorhouse.com/299

2021-10-27 13:00:00

298 How to Talk to Your Kids About Money - Robin Taub, CPA and Author of The Wisest Investment

This week I have a returning guest on the podcast! I’m joined for a third time by Robin Taub who's here to share everything about her new book The Wisest Investment, an update to her bestselling book, A Parent’s Guide to Raising Money-Smart Kids. I was so happy to have Robin back on the show to share how her book aims to help parents and kids navigate the world since the pandemic hit. Robin is a Chartered Professional Accountant by trade, who then transitioned into real estate then derivative marketing at Citibank Canada. Robin is now a professional speaker and author, whose new book The Wisest Investment is for parents who are strapped for time but want to teach their kids to become responsible and money-savvy adults. In this episode, we chat about everything from what age should we start getting kids interested in personal finance to where the best information for kids to learn is, and spoiler alert it's probably not TikTok. Since the world has changed dramatically in the past 18 months so has how we’re handling our money, and how we should be teaching our kids about it. Robin is a big proponent of looking for teachable moments in our everyday lives and that learning with your child is one of the best ways to get them engaged and interested in personal finance. For full episode show notes visit https://jessicamoorhouse.com/298

2021-10-20 13:00:00

297 How to Break the Money Silence - Kathleen Burns Kingsbury, Wealth Psychology Expert

It’s no surprise that I love talking to friends, family, or basically anyone about money. But that’s not the case for a lot of people. Today’s guest on the podcast is trying to make talking about money easier. I’m joined by the author of Breaking Money Silence and wealth psychology expert Kathleen Burns Kingsbury. Kathleen has a background in banking and finance but after completing her Master’s degree in psychology, she decided she wanted to merge the two and create her own business. Breaking Money Silence®: How to Shatter Money Taboos, Talk More Openly about Finances, and Live a Richer Life is Kathleen’s fifth book and it aims to teach how to approach talking about money with the people in our lives. In this episode, Kathleen shares why negotiation is an essential tool in everyone’s money arsenal, how to approach talking to your parents about money, and why being money compatible is essential to a successful relationship. Kathleen is a wealth of knowledge (pun intended) and it was such a privilege to have her on the show! For full episode show notes visit https://jessicamoorhouse.com/297

2021-10-13 13:00:00

296 How Mental Health Affects Financial Wealth - Zandile Chiwanza, Personal Finance Journalist

This week I’m so excited to be joined by someone who I met at one of my live events 5 years ago and since have had the privilege to see them thrive as an important voice in the Canadian personal finance space. Zandile Chiwanza is a personal finance journalist and self-proclaimed “budget warrior”. In this episode, Zandile takes us through how she navigated debt, and how Twitter was the catalyst for her career. Originally from Zimbabwe, Zandile came to Canada as an international student in 2010. Through her own struggles with debt and trying to pay for school and bills, her personal finance journey began. Zandile’s writing as a financial journalist aims to empower people and reassure them that financial wealth is attainable, no matter your circumstance. Her work focuses on the intersection between mental health, financial wellness, and race. I love Zandile’s writing and I was so excited to have her on the show. Our chat was so motivational for anyone who’s worried about how they’ll ever get out of debt or figure out their finances. Zandile also is an advocate for crushing your debt, while not sacrificing having fun and living your life. For full episode show notes visit

2021-10-06 13:00:00

295 How to Change Careers at Any Age - Jennifer Turliuk, CEO of Makerkids and Author

I’ve seen so many people either quit their job or reconsider their current profession over the course of the pandemic. It’s not completely surprising that with so many changes in the last 18 months, everyone is taking stock of their life. That’s why today’s podcast episode is so timely. I’m joined by Jennifer Turliuk, entrepreneur and author of How to Figure Out What to Do With Your Life (Next). Jennifer Turliuk is an entrepreneur, writer, and speaker that resides in Toronto. Jennifer is the CEO of MakerKids, which started the first and largest makerspace for kids in the world and now runs award-winning virtual programs, camps, and parties on Coding, Robotics, and Minecraft. Her book, How to Figure Out What to Do With Your Life (Next) breaks down her strategy of how to make a career change at any age and what led her to her own change in career path. My career path has not been linear and I’m always excited to have guests on the show that further reinforce the idea that it doesn’t have to be. Jennifer’s book is a great toolkit for anyone looking to make a change and to remember that it doesn’t matter what age you are, you can start or change your life at any time. For full episode show notes visit

2021-09-29 13:00:00

294 Freelancing, Hustle Culture & Leaving the 9-5 - Jessica & Sarah Moorhouse

For today’s episode, I’m being interviewed by my younger sister and virtual assistant, Sarah Moorhouse! We dive into never-before-heard stories about how I went from being a corporate employee to a business owner, why freelancing is not for everyone, hustle culture, and my tips for newbie freelancers. When I was back home in Vancouver over the summer, I brought all my podcast equipment with me without knowing what this episode would be about. Sarah had the great idea to turn it around and interview me on all things freelance since she has joined the self-employment club this past year. We also talk about what success means to me, and of course, some money talk. We had a lot of fun recording this episode and I enjoyed sharing more about my journey than I ever have before. I really hope you enjoy this episode too! For full episode show notes visit

2021-09-23 13:00:00

293 Bite-Sized Personal Finance Tips - Chris Browning, Financial Analyst & Host of Popcorn Finance and This Is Awkward

I may have found another internet twin in my guest on the podcast today! Fellow podcast host and Financial Analyst Chris Browning is joining me today to talk about his false start as an art major in college, which led him to eventually pursue a career in finance (and podcasting!). Chris is the creator and host of Popcorn Finance, a short-form personal finance podcast, as well as the co-host of the call-in money advice show This is Awkward. Chris began producing podcasts in 2017, which led him to create his own show, Popcorn Finance, a podcast discussing finance in about the time it takes to make a bag of popcorn. Chris and I talk about how he started his career in finance and why he wanted to make his own podcast. We also talk about the pitfalls of being in a time of information overload and why that can be dangerous when it comes to misinformation about investing and get rich quick schemes. I really enjoyed having Chris on the show and would love to have him be a guest again in the future! For full episode show notes visit

2021-09-22 13:00:00

292 Season 12 Round-Up & Personal Update - Jessica Moorhouse, Host of the More Money Podcast

That’s a wrap on season 12 of the More Money podcast! I can’t believe that I’ve been recording this podcast for 6 years, which leads me to say a HUGE thank you to all my listeners, new and old of this podcast. It’s because of you that I’ve been able to continue to grow in both knowledge and confidence and host amazing guests on each episode. Today’s final episode is a solo one, I wanted to do a round-up of all that was discussed this season, as well as what's new in my business and personal life. I love being able to have an episode where I can just update and chat with all of you about what's been going behind the scenes in my life. I wanted to share how my 2021 has been and some plans I have going forward. I’m looking forward to my summer break and finally being able to see and hug my family and friends in Vancouver. You can always keep up to date with what I’m doing on my or and don't forget I have a channel, which I will still be posting to this summer, so be sure to follow me there. I’ll be back in the fall with brand new episodes, but until then enjoy today’s episode and have a safe (and vaccinated) summer! For full episode show notes visit https://jessicamoorhouse.com/292

2021-07-09 13:00:00

291 Why Budgeting Is a Form of Self-Care with Allison Baggerly, Founder of Inspired Budget

Today is the penultimate episode of season 12 of the More Money Podcast, can you believe it? In today’s episode, I’m joined by Allison Baggerly from Inspired Budget to discuss all things budgeting. Allison is a blogger, influencer, podcast host, and the founder of Inspired Budget blog and now podcast! Allison started Inspired Budget in 2017 when she was still an elementary school teacher with 10 years of experience. In 2019 she was able to go full-time with her business and share her combined passion for teaching and finances to help others learn how to start budgeting. She has built a community of over 119,000 Instagram followers that turn to her for budgeting advice and inspiration to take control of their finances. In this episode, we discuss Allison’s money journey, which started when she decided to explore budgets in preparation for the arrival of her firstborn son. We also discuss the importance of mental health in regards to money management and how budgeting is not one-size-fits-all, and how her business accommodates that. Since this episode was recorded Alison has launched her new podcast, Inspired Budget (check it out!). For full episode show notes visit https://jessicamoorhouse.com/291

2021-07-08 13:00:00

290 Why Sustainable Investing is the Future with Jessica Robinson, Author, Sustainable Finance Expert, Founder and Managing Director of Moxie Future

For the final week of Season 12, I've got not one, not two, but three amazing episodes to share with you before I go on summer break. And for the first episode this week, we’re talking about sustainable investing and financial feminism! To discuss this topic with me, I am joined by an expert in the field (and a fellow Jessica) Jessica Robinson. She is an expert in sustainable finance and has over 15 years of experience in the industry. Her career has taken her all over the world resulting in quite the résumé. Jessica is a global expert in sustainable finance and the Founder and Managing Director of Moxie Future — the world’s first insights, education, and community platform empowering women as responsible, sustainable, and impact investors. She also has a newly published book, Financial Feminism: A Woman’s Guide To Investing For a Sustainable Future. In this episode, she talks about what sustainable investing actually means and how it goes deeper than solely investing in green energy. We also chat about how 2020 gave a good indicator to investing skeptics about what kind of returns you can expect from adding sustainable investments to your portfolio, and finally how not to be fooled by greenwashing in the industry. For full episode show notes visit https://jessicamoorhouse.com/290

2021-07-07 13:00:00

289 What You Should Know About Investing in ETFs with Alfred Lee, Director, Portfolio Manager, and Investment Strategist at BMO ETFs

Like I mentioned in my last More Money episode (ep. 288), today I’m sharing another bonus episode and we’re talking all about ETFs. I’m joined by Alfred Lee, who is the Director, Portfolio Manager, and Investment Strategist at BMO ETFs. I love any chance I can get to talk about investing and was super excited to go in-depth about ETFs (one of my personal favourite investment products). Alfred is a senior portfolio manager with BMO ETFs and has been a part of their ETF business since its inception over 10 years ago. He currently manages their index-based equities ETFs but also previously managed their fixed income ETF lineup. He also serves as the investment strategist for BMO ETFs and is involved with product design. There is so much to cover with ETFs, including all the different types of index funds, taxation, and the major differences between them and mutual funds. Alfred helps answer all these questions and more in today’s episode. If you want to go even more in-depth when it comes to ETFs, then be sure to check out BMO ETFs' Views for the Desk podcast, which releases new episodes weekly. For full episode show notes visit https://jessicamoorhouse.com/289

2021-07-01 09:18:37

288 How to Marry and Divorce Well - Leanne Townsend, Family Law Attorney and Podcast Host

Today’s episode has been so highly requested that I’m so excited to finally share it with you today. My guest joining me today is Leanne Townsend, a family law attorney based in Toronto and today she’s tackling the long list of questions sent in by you, the listeners on all things divorce! Leanne Townsend is the Counsel & Chair of the Family Law Group at Mills and Mills LLP where her practice is focused on family law, domestic violence and victim advocacy. She’s a regular guest expert in the media on topics including abusive relationships, divorcing a narcissist, and co-parenting. She’s also the host of the Divorcing Well podcast and the Youtube show, The Dish on Divorce. Leanne answered everything from common mistakes that people make before they get married, to the difference between marriage contracts and cohabitation agreements to how much getting a divorce actually costs. Leanne also shares the wide range of topics and guests you can expect while tuning into her podcast, Divorcing Well. This episode is full of great expert tips and practical advice to keep in mind whether you plan on getting married in the near or distant future, so I hope you enjoy it! For full episode show notes visit https://jessicamoorhouse.com/288

2021-06-30 13:00:00

287 How To Be A Money-Smart Solopreneur - Laura Adams, Podcast Host, Author and Spokesperson

This week I’m so excited to be talking to an OG personal finance podcaster who started her show in 2008 and has now amassed over 40 million downloads! I am joined by none other than Laura Adams, the host of the Money Girl Podcast. Laura joins me to chat about her new book, Money-Smart Solopreneur: A Personal Finance System for Freelancers, Entrepreneurs, and Side-Hustlers as well as how she ended up in a career in personal finance. Laura Adams is a leading insurance and finance analyst with over a decade of top-level experience. She’s a writer, podcast host and award-winning author and spokesperson, which has led her to become one of the top leading finance, insurance and small business authorities in the U.S. In today’s episode, Laura shares the money mistakes she made early in her adult life and the lessons that her book aims to teach budding solopreneurs so that they may achieve long-term success in their businesses. Laura also shares the key protections every self-employed person should have in place in order to ensure their business can withstand the curveballs that life tends to throw our way. I can’t wait for you to listen and soak up all the great tips and advice Laura was able to share! For full episode show notes visit https://jessicamoorhouse.com/287

2021-06-23 13:00:00

286 The Procrastinator's Guide to Retirement - David Trahair, CPA, CA, Author and President of Infowin Inc.

Today’s podcast episode is on one of my favourite subjects…retirement! I’m joined by David Trahair, author of The Procrastinator’s Guide to Retirement. We chat about the great practical advice in his book and its overall message of hope for people 50+ who haven’t yet saved for retirement David Trahair is a CPA, CA, personal finance writer, trainer, speaker, and eLearning developer. David is the author of several personal finance books and currently operates his own personal finance training and eLearning development firm. He also offers live webinars and online courses to people through organizations including the CPA provincial and territorial bodies. David is a wealth of knowledge and I’m so glad I was able to ask him so many questions when it comes to retirement. Our conversation covered everything from practical advice like the difference between RIFFs vs. annuities to why running out of money in retirement shouldn’t be as big of a worry as financial institutions would like us to think. I can’t wait for you to listen and enjoy! For full episode show notes visit https://jessicamoorhouse.com/286

2021-06-16 13:00:00

285 How to Invest with Options - Bryan Rogers, Client Education Instructor at TD Direct Investing

Hurray, today is a special bonus episode for you as we get ready to wrap up Season 12 in the coming weeks! In today’s episode, we’re celebrating the fact that June is Options Education Month. I have Bryan Rogers from TD Direct Investing joining me today to share and answer all questions relating to investing with options. Bryan is the Client Education Instructor at TD Direct Investing, who has 20 years of experience in the industry with a Master’s Degree in Business. During his Master’s he became interested in personal finance and once he started working at TD he discovered his passion for helping others with their finances leading to his current role. Investing has long been a favourite topic on the podcast and I was so happy to have Bryan share his expertise on an alternative kind of investing, and one that is more complex. In this episode, Bryan answered what options are, how they work, common terms, and misconceptions. If you’re interested in investing in options or are just curious because of the constant news surrounding the topic then this episode is definitely for you. Make sure to also check out all the free resources on options here: td.com/OptionsEducationMonth For full episode show notes visit https://jessicamoorhouse.com/285

2021-06-10 21:51:20

284 Why Getting Good with Money Doesn't Have to Be Complicated - Tiffany Aliche, Founder of The Budgetnista and Author of Get Good with Money

This week I have Tiffany “The Budgetnista” Aliche on the podcast! I have been following Tiffany for years and throughout that time have seen her and her brand grow exponentially. We chat about everything from her new book, Get Good with Money to how she took her business from one-on-one budget coaching to helping millions of women save and manage their money. Hailing from New Jersey, Tiffany is a personal financial educator and former teacher of over 10 years with a Master’s degree in Education. She was instrumental in getting The Budgetnista Law (A1414) passed in January 2019, making financial education mandatory for middle school students in New Jersey. Her new book Get Good with Money, was published earlier this year and is a New York Times Bestseller. In this episode, Tiffany gives insight into how her business grew over time and how her past as a teacher made her into the successful personal financial educator that she is today. I hope this episode drives home the fact that everyone starts somewhere, and you can decide to change and start your personal finance journey at any time. For full episode show notes visit https://jessicamoorhouse.com/284

2021-06-09 13:00:00

283 How to Become Your Own Financial Advisor - Mark Seed, Founder of My Own Advisor and Co-Founder of Cashflows & Portfolios

This week’s guest is one that I’m shocked that I haven’t already had on the podcast. I’ve known Mark Seed for years and I was am so happy to be able to talk with him about his approach to FIRE, as well as his investing philosophy (FIWOOT) and what it means to be a hybrid investor. Mark Seed is the founder of My Own Advisor, personal finance and investing blog that he started in 2009. He is also the co-founder of Cashflows & Portfolios, which is a new, free resource providing a beginning-to-end guide for DIY investors. Mark has been featured in MoneySense magazine, The Globe and Mail, and The Winnipeg Free Press and is currently working towards semi-retirement with his wife. As a successful DIY investor, Mark was able to share both great tips and the mistakes he’s made along the way. Mark also outlines how the 2008 financial crisis was the spark that lit the path for his financial journey and blog. If you’re just as curious about other people’s approach to investing as I am then I know you’ll love my conversation with Mark. For full episode show notes visit https://jessicamoorhouse.com/283

2021-06-02 13:00:00

282 Why Women Continue to Earn Less Than Men - Annabelle Williams, Author of Why Women Are Poorer Than Men and Financial Journalist

For years the conversation around women and wealth has centred on the gender pay gap in the workforce, but is that really the only reason why women are earning significantly less than men? Today’s guest is here to answer that question and give amazing insight into why women are statistically the poorer sex. Annabelle Williams joins me today from the United Kingdom and is a financial journalist and newly published author. Annabelle has had two weekly columns in The Times of London and has recently released her first book, Why Women Are Poorer Than Men and What We Can Do About It, which explores the inequality in money and wealth between the sexes. It includes examples from all over the world including large sections focused on North America. Annabelle gave such amazing hard-hitting facts and statistics on why women have historically been unable to attain the same wealth as men. We talked about several topics that are more thoroughly discussed in her new book, but topics covered today include why women are often the ones paying more for things because of societal pressures and norms that men don’t have to contend with and how ownership and leadership roles are two of the biggest factors in the pay gap. For full episode show notes visit https://jessicamoorhouse.com/282

2021-05-26 13:00:00

281 The Clever Girl's Path to Financial Empowerment - Bola Sokunbi, Founder of Clever Girl Finance, Author & Certified Financial Education Instructor

For this week’s episode, I have the pleasure of welcoming the founder of Clever Girl Finance, Bola Sokunbi. Clever Girl Finance is one of the largest financial education platforms in the U.S, which is centred around empowering women to achieve financial wellness and live life on their own terms. In this episode, topics range from the importance of women investing, to the need for the financial education space to hear more from minorities. As well as the founder of Clever Girl Finance, Bola is a Certified Financial Education Instructor (CFEI), finance expert, bestselling author, and speaker. Her third book Clever Girl Finance: The Side Hustle Guide comes out in June 2021. Investing and financial advice have long been dominated by an older generation of men that tends to not account for the barriers that women face in their financial journey. Today’s episode highlights why that needs to change and why women need to prioritize their wealth-building journey. Bola also urges the financial community to move forward with more empathy. For full episode show notes visit https://jessicamoorhouse.com/281

2021-05-19 13:00:00

280 Seven Things We Need to Unlearn About Money - James Otteson, Author of Seven Deadly Economic Sins and John T. Ryan Jr. Professor of Business Ethics at the University of Notre Dame

This week’s episode seems more relevant than ever since we’ve been living during a pandemic and that’s why I’m so glad I get to share it with you all. My guest this week is the author of the newly released book The Seven Deadly Economic Sins, James Otteson. Our conversation explores everything from the impact of generational wealth to the economic history behind it. James has an undergraduate degree from the University of Notre Dame and a Ph.D. in philosophy from the University of Chicago. He’s currently the John T. Ryan Jr. Professor of Business Ethics in the Mendoza College of Business at the University of Notre Dame. His specialties include moral philosophy, the history of economic thought, and business ethics. Our conversation delves into the relationship between philosophy and economics and what kind of impact that has in the real world. James echoes a lot of my own feelings of wealth, in that it is a tool and not an end goal. This episode is full of food for thought, as is his new book and so I hope it gives you something to chew on today. For full episode show notes visit https://jessicamoorhouse.com/280

2021-05-12 13:00:00

279 A Dragon's Secrets to Success - Manjit Minhas, Investor on Dragon's Den, Serial Entrepreneur & Podcast Host

On today’s podcast, I’m interviewing entrepreneur, Dragon investor, and new podcast host Manjit Minhas! I’d be lying if I said I wasn’t starstruck while interviewing Manjit since I am a huge fan of CBC’s Dragon’s Den. I couldn’t be more excited to share with you our conversation from how she became an entrepreneur as a young engineering student, to behind the scenes of Dragon’s Den as well as her newest venture as host of her podcast, The Manjit Minhas Podcast. Manjit Minhas is the co-founder and owner of Minhas Breweries, Distilleries, and Wineries with her brother Ravinder Minhas. Since starting her business at the ripe age of 19 years old, Manjit has gone on to grow her business portfolio, which includes over 30 Canadian businesses stemming from the 6 seasons she’s been a Dragon investor on CBC’s Dragon’s Den. In November 2020 she decided to hit record on her conversations with fellow business leaders and CEOs by way of her podcast, “The Manjit Minhas Podcast” so that she could share their stories and insights into achieving success. She currently resides in Calgary, from which she was born and raised with her husband and two young daughters. Manjit believes there isn’t one set path to becoming an entrepreneur and her story is a great example of that. As long as you’re keen to learn and have the self-awareness to know what you don’t know then you’re already on the right path. I hope you find today’s episode just as inspiring as I did when I recorded it! For full episode show notes visit https://jessicamoorhouse.com/279

2021-05-05 13:00:00

278 How to Think Like a Breadwinner - Jennifer Barrett, Author of Think Like a Breadwinner and Chief Education Officer at Acorns

This week on the podcast we’re asking the question, what does it mean to think like a breadwinner? How would your approach to spending, saving, and investing in your future change if you thought like the primary earner in your life? Luckily, the answers to those questions are exactly what my guest, Jennifer Barrett, author of the upcoming book Think Like a Breadwinner will be tackling. Jennifer Barrett is the Chief Education Officer at Acorns, a saving and investing app with more than 9 million users. She’s also a contributor to Forbes, as well as an advisor to three female-led startups and a featured money expert in the media. She lives in Brooklyn with her family, of which she is also the breadwinner. Following Jennifer’s own wake-up call to change her money mindset, she wants all women to know that they don’t have to think small when it comes to wealth-building. We discuss everything from what women should be investing in (spoiler alert, it’s not handbags and clothes) and how negotiating for a better future now will give you the biggest payday in the future. Jennifer’s book and our chat definitely reinforced what a positive ripple effect wealth-building can have on your life. For full episode show notes visit https://jessicamoorhouse.com/278

2021-04-28 13:00:00

277 Finding Your Financial Joy - Ken Okoroafor, Founder and CEO of The Humble Penny and Financial Joy Academy

This week I have a first on the More Money Podcast…a guest from across the pond! In today’s episode, I welcome Ken Okoroafor, a first-generation immigrant from Lagos, Nigeria who at age 14 moved to the UK to start a new life. Ken is a trained Chartered Account with 15 years of experience working in both Asset Management and Venture Capital. In April 2020, he took the big leap to go full-time with his passion project turned business, The Humble Penny, which he started with his wife in 2017. In today’s episode, we dive into The Humble Penny’s early beginnings and the whirlwind 18-month journey Ken has been on from starting The Humble Penny Youtube channel. Furthermore, we chat about his new platform, Financial Joy Academy, which seeks to help 10,000+ families achieve financial independence and money joy in their lives by 2030. Ken shares that his decision to step outside his comfort zone was the best thing he could’ve done for his business and his life. So, if you’re in need of some inspiration and a push to finally start that project you’ve been putting off then this is the episode for you. For full episode show notes visit

2021-04-21 13:00:00

276 Budgeting for Baby: How to Afford Starting a Family - Vivian Leung, Senior Principal of Taxation at CPA Canada

Have you ever wondered how much it really costs to have a baby? We’ve all heard having a kid can be expensive but what do those numbers actually look like? Whether you’re planning on having a baby in the near or distant future or like me, are curious about getting to know the nitty-gritty of how much raising a kid in Canada is then today’s episode should pique your interest. Joining me on the podcast today is Vivian Leung, Senior Principal, Taxation at CPA Canada. Prior to her current role, Vivian was the Program Director for Tax Education where she was responsible for developing and implementing the strategic direction of CPA Canada income tax education. As quoted in Babies: How to Afford Your Bundle of Joy, Vivian shares from both personal and professional experience what it costs to have a family today. We dive into whether advice from our mothers holds up to today’s standards and what having a baby looks like on your finances in the short-term, like parental leave and long-term, like saving for post-secondary education. For full episode show notes visit https://jessicamoorhouse.com/276

2021-04-14 13:00:00

275 Enjoying the Journey to Financial Independence - Jamila Souffrant, Podcaster, Writer, Money Coach & Founder of JourneytoLaunch.com

A lot of the time when you start reading about F.I.R.E. (Financial Independence Retire Early), the stories you hear about how people achieved it can be pretty insane. Many people in the community can take living on less and saving and investing every extra dollar to the extreme, which can seem pretty intimidating or just unrealistic. Why can't you enjoy the journey to financial independence? Why can't you work towards building wealth and having more financial security without making so many sacrifices? Luckily I have Jamila Souffrant on the show, founder and podcast host of Journey to Launch, who shares that it is possible to work towards financial independence and enjoy yourself at the same time. In this episode, she shares what inspired her to achieve F.I.R.E. and how her strategy is a bit more sustainable (and fun!) than some of the more strict paths others may take. Because at the end of the day, life is short and we need to enjoy every bit we can! It doesn't have to be an all-or-nothing situation. You can work towards having a better financial life, without having to sacrifice your happiness or comfort for years until you reach your goal. For full episode show notes, visit https://jessicamoorhouse.com/275

2021-04-07 13:00:00

274 How to Become a Master Negotiator - Jean-Nicolas Reyt, Negotiation Expert & Assistant Professor of Organizational Behaviour at McGill University

Negotiation is such an important part of setting yourself up for financial success and helping you build wealth over time. Just think, by negotiating your salary a few thousand dollars higher at the beginning of your job, that could have a major impact on future bonuses, raises, and salaries! Unfortunately, most of us weren’t taught how to negotiate and the examples we see on TV do not work in the real world. That’s why I have Jean-Nicolas Reyt on the show, who is a negotiation expert and Assistant Professor of Organizational Behaviour at McGill University. He teaches students every day what to do, and not to, when negotiation in every situation. Unlike what we may think, it’s not about being aggressive or manipulating the other party. It’s about doing your research, being confident in what you’re asking for, and ultimately finding a middle ground in which you, and whoever you’re negotiating with, find a happy outcome. As mentioned in the show, Jean-Nicolas has so many great tips and ideas on this topic, so make sure to subscribe to his newsletter Master Negotiators linked in the show notes. For full episode show notes visit https://jessicamoorhouse.com/274

2021-03-31 13:00:00

273 How to Be an All-Star in Your Financial Life - Courtney Stephen, Financial Educator & Professional Football Player for the CFL

It’s not every day you get a celebrity sports star on your podcast…who also doubles as a financial educator who is passionate about helping more Canadians become empowered through personal finance! For this episode of the show, I have professional football player (he plays defensive back for the Hamilton Tiger-Cats of the CFL) and financial literacy advocate Courtney Stephen as my special guest to discuss his career and his mission to help others better manage their money and understand the importance of generational wealth. Although you may not think that sports and finance go hand in hand, they actually really do! As we discuss in this episode, they can both seem intimidating, but at their core, they are quite simple. For sports, it's about understanding the rules, practicing, and then implementing what you've learned. The same goes for money. It's really just simple math, understanding some best practices and rules for money management, then actually putting into action what you've learned. Still, it can seem easier said than done, which is where that mindset component comes in. You need to trust yourself and not let your imposter syndrome get in the way. And that means showing up for yourself, your future, and your family every single day. I hope you enjoy this inspirational episode just as much as I enjoyed interviewing Courtney! And don't forget to check out his website and amazing YouTube channel! For full episode show notes, visit https://jessicamoorhouse.com/273

2021-03-24 13:00:00

272 Balancing Money & Covid One Year On - Kelley Keehn, Personal Finance Educator, Speaker & Author of Talk Money to Me

One year ago I had Kelley Keehn, financial educator, speaker, media personality, and author, on the show to discuss her latest book Talk Money to Me. And then a few weeks later the pandemic hit and everything changed. Well, she's back on the show with a new edition of her book that includes passages specifically talking about Covid-19 and its impact on people's finances. Some people had the roughest year in 2020, and are still struggling in 2021. Many people lost jobs, racked up debt, and have struggled to earn an income and keep up with their bills. And others have experienced the opposite in that they never experienced a significant change in their income or jobs (aside from working from home) and have actually been able to save more money than usual by spending more time at home with less stuff or experiences to spend their money on. So...what does this mean? What should you do or change in terms of managing your money if you're in either camp? How has this pandemic changed personal finance for all of us? Kelley Keehn is here to share her insight and some tips to help you no matter what you're going through. For full episode show notes, visit https://jessicamoorhouse.com/272

2021-03-17 13:00:00

271 Using Your Dollars to Keep Her on the Map - Larkin MacKenzie-Ast, Chair of the Business Women’s Network at Coast Capital Savings

With International Women’s Day happening this past Monday, I’ve partnered with Coast Capital Savings on their Keep Her on the Map campaign to put a spotlight on the disproportionate social and economic impacts that the COVID-19 has had on women, and women-owned businesses, and hopefully inspire action. To discuss this more in-depth, I have Larkin MacKenzie-Ast on the show, who is currently the Chair of the Business Women’s Network at Coast Capital Savings. Throughout the almost 6 years of this podcast, I’ve tried to emphasize the importance of using your dollars as votes for change. Of course it’s important to be frugal and find deals to save money, but it’s also important to be mindful of what your spending says about your values and realize how big of an impact your spending has on the bigger picture. For instance, maybe instead of using Amazon for everything or always going to the big box stores, seeking out local, women-run businesses instead. Especially since they’ve been the hardest hit during this pandemic. To get some ideas about how you can be part of the change, you find more resources and info about Coast Capital’s Keep Her on the Map campaign on their website. Also watch their quick video about some startling statistics about how women have been affected by the pandemic. For full episode show notes, visit https://jessicamoorhouse.com/271

2021-03-11 14:00:00

270 How to Protect Yourself & Loved Ones Financially - Nicole Simons, Wealth Management Advisor at CPN Financial Services

When we think of financial planning, often we just focus on budgeting, debt repayment, and investing. But another important element of a complete financial plan is protection. Specifically protecting yourself and/or your loved ones if something happens. That’s why I’ve got Nicole Simons on the show, who is a Wealth Management Advisor at CPN Financial Services. For the past decade, she’s worked with clients in all aspects of financial planning, but especially when it comes to having the right insurance in place. In this episode, we discuss the important things everyone should know about life insurance, critical illness insurance, and disability insurance. Hopefully, this episode will serve as a timely reminder to review how you’re currently protected and to ensure if you don’t have the right protections in place, to get it sooner rather than later. For full episode show notes visit https://jessicamoorhouse.com/270

2021-03-10 14:00:00

269 Filing Your 2020 Taxes: All Your Questions Answered - Susan Watkin, Accountant, Educator & Spokesperson for TurboTax Canada

It’s that time again…tax time. But this tax season may feel a bit different than other years. And that’s because 2020 sure was a weird year. Many Canadians earned income through various benefit programs or started earning self-employment income for the first time. So what’s the best way to navigate this new tax season so it can be the least stressful possible? That’s why I’ve got Susan Watkin, accountant, educator, and spokesperson for TurboTax Canada on the show! I took some time to gather all the key questions people had about taxes for this year, and Susan graciously answers all of them. Hopefully, you’ll feel a bit better about filing your taxes this year, because it doesn’t have to be a pain. Just take some time to organize your documents (feel free to download my Tax Prep Checklist), pick a route to get your taxes done (click here to get 20% off TurboTax Assist & Review or Live Full Service), then choose a date and time to get it done. Remember, the sooner you get it done, the sooner you can get your tax refund…or at least not have to think about taxes until next year. For full episode show notes visit https://jessicamoorhouse.com/269

2021-03-04 14:00:00

268 Is Now the Time to Invest in Cryptocurrency? - Ayelen Osorio from Netcoins, and Elliot Johnson from Evolve ETFs

Well, this episode is a big first for me! Not only is this the first-ever double episode, in which I share not one, but two guest interviews. But this is also the first episode I’ve ever done on cryptocurrency. With all the talk in recent weeks about Bitcoin, I’ve finally given up thinking that cryptocurrency is just a trend or an asset that only tech bros or get-rich-quick investors are interested in. Even though it’s still very new, in my view it’s safe to say that cryptocurrency is here to stay. I’m still an ardent promoter of passive investing using index ETFs, however, I think it’s important to talk about other types of investing too. So the first interview is with Ayelen Osorio, the Content & Community Manager at Netcoins. Netcoins is one of the leading cryptocurrency trading platforms in Canada, providing access for people like you and me to invest in cryptocurrencies like Bitcoin, Ethereum, and Tether. Going from zero crypto knowledge now teaching others all about it, Ayelen provides a crash course in cryptocurrency to demystify digital currency as an investment type and share how why it may make sense as an addition to your portfolio. As Ayelen mentions in the podcast, to learn more about cryptocurrency Netcoins offers a free Crypto Academy online course you can check out on their website. For my second interview, I chat with Elliot Johnson, CIO & COO at Evolve ETFs. Evolve ETFs recently launched the second-ever Bitcoin ETF in Canada (ticker EBIT), making owning a bit of Bitcoin more accessible by trading it on a traditional stock exchange through your discount brokerage account. Not only that, you can hold your Bitcoin ETF in your TFSA or RRSP (something you’re unable to do with an actual Bitcoin). This is a very exciting time to be an investor, and although I’m still cautious (what couch potato investor wouldn’t be?), I’m interested to see where cryptocurrency will go in the future. Maybe in a few more years, like when this show turns 10 years old, I’ll do a follow-up episode to see how much has changed. Remember, people thought using a digital bank 10 years ago was risky, so who knows what will happen with cryptocurrency! For full episode show notes, visit https://jessicamoorhouse.com/268

2021-03-03 14:00:00

267 Budgeting Your Way into Millionaire Status - Sarah Wilson, Founder of Budget Girl

I’m so excited to have Sarah Wilson from Budget Girl on the podcast! I got to know Sarah when we met at FinCon in 2019, and since then we’ve become friends and are even in a mastermind together with some other amazing women in the personal finance community. It was high time I had Sarah on the show because she has crushed some major milestones since our first meeting. As she shares in this episode, she started out her personal finance journey with five-figures of debt while living on a very low income. But by learning more about the fundamentals of money management, living frugally, and taking on some side hustles to earn extra money on top of her day job, she not only paid off all her debt in 3 years, she was also able to buy a house that she partially rents out, and has just reached a $100,000 net worth. Sarah’s story should serve as an important reminder that where you start doesn’t determine where you’ll end up. It may not be easy to crush your debt and grow your wealth, but it is possible if you stay strong, consistent, and don’t give up! For full episode show notes, visit https://jessicamoorhouse.com/267

2021-02-24 14:00:00

266 The History of Money - Frederick Kaufman, Author of The Money Plot and English Professor

Although I’ve done 265 episodes of this show (well, more if you count any of my solo episodes), shockingly I’ve never done an episode on the history of money. As important as it is to discuss the management of money, it’s just as important to understand currency’s history. Especially as we enter this new age of currency with the rise of cryptocurrency. Luckily, I was able to get Frederick Kaufman on the show, who authored The Money Plot: A History of Currency’s Power to Enchant, Control, and Manipulate, and is also a much distinguished English professor who has spent the last decade focused on researching the fiction that is money. If you’re a money nerd and history buff like me, you’re going to love this episode and Frederick’s latest book! For full episode show notes, visit https://jessicamoorhouse.com/266

2021-02-17 14:00:00

265 Practicing Mindfulness to Get Clarity with Your Money - Meaghan Smith, Money Mindset and Life Coach

Before I get into some details about my wonderful guest for this episode, I want to share more about what I said right at the top of the show since it’s pretty important. As of last week, I have put to rest the old name for this podcast, the Mo’ Money Podcast, and have officially changed the show’s name to the More Money Podcast. As I explained in the intro for this episode, it was very much time for this change and I feel really good about it. As you know, especially from episode 244, I am an ally of BIPOC and am a supporter of Black Lives Matter. I’ve also been putting more effort to have a more diverse guest list for the show to ensure there are more voices being heard that need to be. I want to be part of the solution, not the problem. Still, I had never really stopped to think that my podcast name may actually be part of the problem and may come off as offensive to some people until recently. To give you some background, when I first started my blog in 2011, I called it Mo' Money Mo' Houses. I was 24 when my old roommate and I came up with the name, and I thought it was a funny play on words with my last name and the song Mo' Money Mo' Problems. A few years later, I launched this podcast under the same name. When I rebranded from Mo' Money Mo' Houses to just my personal name (Jessica Moorhouse), I dropped the Mo' Houses from my podcast name so it became simply Mo' Money. Throughout the years, I've toyed with the idea of updating the name to something that had more relevance to my brand, but I kept putting it off. Until I recently stumbled upon a review on my podcast that made take action immediately. The review is still on Apple Podcasts, so I'm sure you'll be able to find it easily. In essence, they were calling me out for appropriating language from the Black community. That was never my intention and I felt terrible that that had never crossed my mind. So I did a quick poll on Instagram to see how some of my listeners felt. Although the majority didn't feel the same way, some people did. I never want to offend anyone, and I especially don't want anyone to misunderstand my values or support for the Black community. So, I changed the name. Luckily it was an easy change to the More Money Podcast, but it did remind me that I still have work to do in order to become a better ally. So thanks to everyone for supporting this name change, and supporting me! And thanks again for continuing to listen to the show. Ok, now onto the special guest for this episode, Meaghan Jean Smith. She is a money mindset and life coach for women who I’ve been following on Instagram for a little while now. She is also the host of the popular Money Mindful podcast and book club. I find her so inspiring and her thoughts on money and mindfulness so interesting, I had to have her on the show so we could dive deeper. This is one of those episodes that's going to make you pause and think (what good timing since I've been doing a lot of that lately!), and reconsider your actions, habits, and mindset around money. Meaghan definitely got me thinking of some of the money mindset issues I still battle every day. I think I've mentioned on the show that naturally I have a scarcity mindset because of my background growing up. But I try to work through that because I find having an abundance mindset so much more liberating. I hope you enjoy this episode as much as I did and make sure to follow Meaghan on Instagram and check out her podcast that dives even deeper into this topic! For full episode show notes visit https://jessicamoorhouse.com/265

2021-02-10 14:00:00

264 Is Your Money Safe at the Bank? - Peter Routledge, President and CEO of CDIC

Is your money safe at the bank? It’s a question I get asked all the time. Same with is it safe to use an online bank. And that’s thanks to the Canada Deposit Insurance Corporation (CDIC). I’ve personally partnered with CDIC for years because I believe it’s so important to spread awareness about how our deposits are protected at the bank. In other words, if your bank goes bankrupt, you won’t lose any of your money at that bank. And just so you know, there hasn’t been a bank failure in Canada for 25 years. And even when there was a bank failure in Canada, as long as CDIC has been around, not a single Canadian has lost a dime! To share more about this, so you too can spread the word and feel confident that your money is safe at the bank, I’ve got Peter Routledge, President & CEO of CDIC on the show to explain what CDIC is, how it works, and what you should know. For full episode show notes visit https://jessicamoorhouse.com/264

2021-02-05 07:23:17

263 Navigating Tough Money Conversations - Erin Lowry, Author of Broke Millennial Talks Money

What a treat of an episode I have for you! Back for a 3rd time on the podcast, and to celebrate the final installment of her Broke Millennial series, I have Erin Lowry back on the show. Her new book, Broke Millennial Talks Money, is available now and that’s what we get talking about in this episode. How to navigate touch money decisions, be it with your friends, partner, or parents. What are the scripts we should use and what are some tips to make those conversations even a little bit less awkward? I can’t believe it’s been almost two years since Erin was in Toronto to do a live event with me to celebrate her 2nd book, Broke Millennial Takes on Investing. What a fun event that was, and boy do I look forward to being able to do events again (maybe I can get her back to Toronto!). I can’t wait to see what Erin has in store next now that her book series is done. So I guess we all have to stay tuned! For full episode show notes visit https://jessicamoorhouse.com/263

2021-02-03 14:00:00

262 How Not to Run Out of Money in Retirement - Frederick Vettese, Author of Retirement Income for Life

I've had so many guests on the show over the years to talk about the wealth accumulation stage of investing, but I haven't had any, besides Mike Drak from episode 208 who wrote Victory Lap Retirement, to talk about what happens when you actually retire. What happens when you have to start decumulating your nest egg? That's why I've got Frederick Vettese on the show for this episode. He is the former Chief Actuary of Morneau Shepell, a major Canadian human resources firm. He's also a frequent contributor to the Globe and Mail on retirement issues. And lastly, he's the author of three books, including his latest book that we talk about in this episode, Retirement Income for Life: Getting More Without Saving More. Even if retirement is decades away for you, it's so important to know what to expect when it's right around the corner. How do you ensure you don't drain your retirement savings in the first few years? What strategies should you use to decumulate your savings in a sustainable way? And what are some key things to know about enjoying your retirement and the fruits of your labour? For full episode show notes visit https://jessicamoorhouse.com/262

2021-01-27 14:03:14

261 How to Get Back to Business After a Career Pause - Nancy Jensen & Sarah Duenwald, Co-Founders of The Swing Shift & Co-Authors of Back to Business

We’ve all heard the statistics. If you’re a woman and you decide to take time off of your career to raise a family, go back to school, or travel the world, it will set you back both professionally and financially. Although it’s not fair, these are the facts. But that shouldn’t scare you from taking that career pause when you need to. And luckily I have two guests on the show to discuss how to get back into the workforce, and not just get back on track but accelerate your career into an even better, more successful one. I’ve got Nancy Jensen and Sarah Duenwald on the show to discuss this topic in-depth. They teamed up to found their company, The Swing Shift, and co-author their new book Back to Business, after working with hundreds of women struggling with this exact thing. Not only that, both Nancy and Sarah experienced this themselves when taking maternity leaves, and that’s what inspired them to come together and create a solution for women so we can see a change in those statistics. For full episode show notes visit https://jessicamoorhouse.com/261

2021-01-20 23:32:34

260 Designing Your Freedom Years - Stephanie Myers & Gillian Batt, Founders of Our Freedom Years

Happy New Year! And welcome back to the Mo’ Money Podcast! After taking a few weeks off to rest and recharge, I am so excited to be back to drop Season 12 of the Mo’ Money Podcast today. Not only that, I thought I’d start with an episode that will get you excited about the future again! 2020 was rough on us all, some more than others, and we’re still in the thick of it. But I’ve got hope for 2021. And when you’ve got hope, you can make plans for better days to come. That’s why I’ve got the wonderful Stephanie Myers and Gillian Batt from Our Freedom Years on the show. I’m a big fan of their YouTube channel, and not only did they achieve financial independence and retire early in their 30s/40s, but they are also Canadian! I haven’t had many Canadians FIRE people on the show, so this is a big treat. And I sure asked them all the questions I know you would have asked yourself, like what to do with taxes when you’re a nomad, how much to save, how to ensure you won’t run out of money, and does FIRE mean you don’t ever have to work again (since so many people who achieve FIRE seem to continue working?). I know you’re going to love this episode just as much as I enjoyed recording it. And don’t forget to check out the link below to sign up for their free e-course! For full episode show notes visit https://jessicamoorhouse.com/260

2021-01-13 14:00:00

259 Money Conversations to Have Before You Commit - Wallace Howick, CPA & Author of Love and Money: Conversations To Have Before You Get Married

Talking money with your partner is never easy. Wouldn’t it be great if there was a book with conversation starters and examples to use to get things going? Good thing Wallace Howick, CPA thought just the same thing and wrote his book Love and Money: Conversations to Have Before You Get Married. But the conversations he shares in his books can actually be applied to so many different relationships, such as when you’re dating or common-law. And the thing is, although technically it’s not difficult, most couples have no idea where to start. Luckily in this episode, Wallace shares his expertise and insight with his 30 years of being a Chartered Professional Account and working with a wide range of clients. This book is such a great read (and not too long), if you’re looking for a way to approach the subject with your partner, maybe put this episode on in the background or grab a copy and try out some of his conversation starters for yourself! For full episode show notes visit https://jessicamoorhouse.com/259

2020-12-23 14:00:00

258 A Smarter Way to Do Passive Investing - Brendan Wood, Co-Founder & CTO of Passiv

DIY investing has always been a popular topic on the show, so I’m thrilled to have Brendan Wood on the show, who is the co-founder and CTO of Passiv. As he shares on the show, he grew up in New Foundland and then studied engineering at the University of New Brunswick. After managing his own investment portfolio like so many others do, using Questrade and spreadsheets, he started to wonder if there was an easier way to do it. Realizing that others on forums like Reddit wondered the same thing, he went to work to develop Passiv, an app that works with a number of discount brokerages to make it easier and saving you precious time managing your own portfolio. The best part? Currently, Passiv is free to use for all Questrade clients, so you can try it out yourself and see how much easier it is to use compared to your traditional spreadsheet. This is great news because the one thing I hear all the time is that after listening to my podcast, so many people want to try out DIY investing but aren’t sure how to start. Passiv is a new entry point into self-directed investing, which means it just got easier to start investing and growing your wealth. For full episode show notes visit https://jessicamoorhouse.com/258

2020-12-17 14:00:00

257 The Power of Financial Literacy - Dr. JeFreda Brown, Financial Freedom Strategist & CEO of Provision Financial Education

You know how I came up with the title for this episode? It was actually from a listener who shared with me that she never knew the power of personal finance (and financial literacy) before she discovered books, blogs and podcasts like mine. And once she realized how powerful it can be, it changed her whole perspective on things. My next guest Dr. JeFreda Brown shares a similar realization in this episode. Before helping individuals with their money, she worked on the institutional side of things. But her passion for personal finance and motivation to teach others the powers of financial literacy led her to start her own company, Provision Financial Education, and dedicate her time to empowering others through her financial wellness programs. Seeing as discovering the world of personal finance changed my life and path forever, I couldn’t agree more that financial literacy is one of the most important things we need to bring more to the forefront. So if you like this episode, share it with your friends and family. Get the word out that your financial present does not have to be your financial future. All of this stuff can be learned, you just need to start somewhere and keep going. For full episode show notes visit https://jessicamoorhouse.com/257

2020-12-16 14:00:00

256 How to Secure Your Dream Job During a Pandemic - Isi Aladejobi, Salary Growth & Career Strategist and Founder of Powerful Women Make Power Moves

Is it a smart move to think about asking for a raise, switching employers (or careers), or searching for your dream job during a pandemic? Well…why not? Employers are still recruiting, so why can’t you be the one recruited? That’s why I’ve got career growth strategist Isi Aladejobi on the show to share her expertise on how to navigate the career landscape during these still uncertain times. Through her Power Women Make Power Moves program, which is a community of over 10,000 Black women, she been able to help countless people win in their careers and lives, even during the pandemic. She believes that with the right tools, mindset, and strategies, women can 100% successfully achieve their purpose, find the right career (that pays their true value), level the playing field, and of course, smash that damn glass ceiling already. Career growth is always one of the most popular topics on this podcast, so I know you’re gonna love this episode! Isi is so inspirational, she’ll make anyone feel like they can make some power moves no matter what’s going on in the world. For full episode show notes visit https://jessicamoorhouse.com/256

2020-12-09 14:00:00

255 Opting Out to Live a More Intentional Life - Cait Flanders, Author of Adventures in Opting Out

I can’t believe Cait Flanders has been on the podcast 4 times now! Not only that, she truly helped launched the podcast as my first real guest for episode 3. Well, she’s back on the show because after releasing her first book The Year of Less, she has a second book that’s recently come out called Adventures of Opting Out. As a short bio in case you haven’t followed Cait since she started her original personal finance blog (Blonde on a Budget) in 2010 like me, she was able to pay off all her debt, do a 2-year shopping ban, and eventually published her first book in 2018 sharing her journey in 2018. To me, she always will be one of the OG personal finance bloggers in Canada. Now, she’s moved away from personal finance and into the intentional living and minimalism space, but she still talks about money quite a bit in her books (which I thoroughly enjoy). In her first book, she wrote about her life and experience doing her shopping ban which changed her life forever. For her new book, Adventures in Opting Out, she writes about how to opt-out of things (or relationships) in order to live a more intentional life. I think a lot of the time we think of adding things to our life, instead of taking things away or just doing things differently. Not only that, if there’s ever been a time to take a moment and reassess your life, 2020 is it! And Cait’s latest book is such a great way to get inspired and start thinking about how to change your life so it aligns better to what you really want it to look like. That could mean making shifts with your finances, changing your career, opting out of some social media platforms, leaving relationships that don’t add value to your life, or moving to a new place to live. I hope you really love this episode because I had such a great time recording it. I had an even better time reading Cait’s book, so make sure to check it out for yourself! For full episode show notes visit https://jessicamoorhouse.com/255

2020-12-02 14:00:00

254 Investing for Your Future After Becoming Debt-Free - Jully-Alma Taveras, Founder of Investing Latina

We’ve all seen the stats…if you started investing in your teens you’d end up significantly wealthier than if you wait until your 20s or 30s. But most of us have no idea where to start or even have the confidence to invest our first dollar before we’re fully ready. Well, as my next guest Jully-Alma Taveras (a.k.a. Investing Latina) shares in this episode, you’ll never be fully ready. And that’s ok! She started investing at 19 and now in her 20s, she’s much further ahead on her financial journey because of it. And now, she creates financial literacy content on your Instagram and YouTube channel, in addition to being a contributing editor at Next Advisor and public speaker, to empower and educate other young women to start investing as soon as possible. Because the thing is, you’ll never be completely ready to start investing and you may make mistakes. But that shouldn’t scare you off from getting started because you can change your investment strategy as you become a more confident and knowledgeable investor. Just take my journey. I started with index funds (but had no idea what those were), then switched to mutual funds, then moved everything to ETFs, and now I do a mixture of ETFs and individual stocks. It’s taken me years to discover the best way to invest for my goals, but I’m so glad I didn’t wait until I was “ready”. For full episode show notes visit https://jessicamoorhouse.com/254

2020-11-25 14:00:00

253 How to Become a Mindful Millionaire - Leisa Peterson, Author of The Mindful Millionaire, Money Expert & Mindset Coach

You may remember my next guest from episode 104 in which we discussed money and mindfulness. Well, I’ve got Leisa Peterson back on the show to discuss her new book The Mindful Millionaire! In case you don’t know, Leisa is an author, business growth strategist, money expert, mindset coach and host of The Art of Abundance podcast and the Mindful Millionaire podcast. You see, it’s all about having a millionaire mindset, or having an abundance mindset, to guide you to make better financial choices for your future. Not only that, but she also shares why it’s so important to practice mindfulness and how taking care of your mental health plays into your financial health. I know you’ll love this episode as much as I loved recording it, so make sure to listen, share, and grab a copy of Leisa’s new book! For full episode show notes visit https://jessicamoorhouse.com/253

2020-11-18 14:00:00

252 How to Be the Architect of Your Financial Future - Kassandra Dasent, Financial Wellness Engineer & Speaker

I’m so excited to share this episode! I was told by others that Kassandra Dasent, a financial wellness engineer, Certified Financial Education Instructor, and speaker, would be an amazing guest…and she did not disappoint. As she shares in this episode, she is immigrated with her mom from Trinidad to Quebec, Canada as a child, and now lives in Florida, USA. And as immigrants to a new country, money was always tight. This led Kassandra to do, as I see so many financial counselling clients do, to rebel as an adult and spend without a plan and eventually get into debt. But everything changed in 2009 when she realized she was in serious consumer debt. Something needed to change if she wanted to live a more balanced, fulfilled, and financially secure life. So, in June 2009, she created a plan to pay off $55,000 of debt in five years. By November 2012 she became debt-free. And now she is on the show to not only share her journey of becoming debt-free, but to explain how she did it, how she continued to stay diligent with her plan and stay motivated, and what lessons she learned she hopes to pass onto others who may be in a similar situation. For full episode show notes, visit https://jessicamoorhouse.com/252

2020-11-11 14:00:00

251 Advancements in Responsible Investing - Tim Nash, Sustainable Investing Expert & Founder of Good Investing

I can’t believe it’s been almost 3 years to the day since I last had Tim Nash, a sustainable investing expert and founder of Good Investing, on the show! You may remember Tim from episode 129 because not only does he know his stuff, but he was the first guest I had on to talk about responsible investing. Since then, a lot has happened! Notably, Tim Nash became a Certified Financial Planner (CFP®) and founded his investment coaching company. He also has been featured in the media regularly to discuss the changes in the sustainable investing landscape. But in terms of the financial industry, more and more companies are developing ETFs and mutual funds that follow ESG criteria (ESG standing for environmental, social, and governance). This is good news because sustainable investing is becoming less of a niche and more the norm. And as I’ve learned over the years, it is critical that we all become more mindful of what companies we invest in for our futures. For full episode show notes visit https://jessicamoorhouse.com/251

2020-11-04 14:00:00

250 Budgeting for Your Best Life - Mykail James, Founder of BoujieBudgets.com

Maybe talking about your spending shouldn’t make you feel bad? Maybe a hobby doesn’t have to become a side hustle? Maybe striving towards early retirement by living extremely frugally isn’t the ideal path? These are just some of the fresh takes about personal finance I discuss with my next guest Mykail James, founder of BoujieBudgeter.com. Having had her interest in personal finance sparked in her early school days, Mykail naturally went on to obtain her MBA in accounting and become a Certified Financial Literacy Instructor. But what’s unique about Mykail is she likes to use her fresh take on finance to reach people outside of the normal personal finance bubble. That’s why she uses pop-culture references, relatable language, and Instagram as one of her main platforms to help her audience understand confusing concepts like budgeting, saving, and investing…and actually feel good about it at the same time! Because living your best life shouldn’t be about doing something extreme and unsustainable, like living on practically nothing for years or side hustling until you burn out. You can live your best life and still work towards your financial goals as long as you practice being intentional and well, take some of that traditional financial advice with a grain of salt. For full episode show notes visit https://jessicamoorhouse.com/250

2020-10-28 13:00:00

249 Retiring at 30 During a Pandemic - A Purple Life, Award-Winning Blogger & Early Retiree

I’ve been following A Purple Life on Twitter for a while now. So, when I saw her tweet about finally quitting her job because she’d reached her financial independence number of half a million dollars this summer, I knew I needed to have her on the show to share her story! Purple (that’s what I’ll call her to keep things simple) started her personal finance blog back in 2015 when she was only 25 to document her journey of becoming financial independent and eventually retiring early. Originally, her plan was to have enough saved up to retire by 2025 when she would be 35. But, as she saved and invested her money, and lived well below her means, she was able to achieve FIRE five years early! Not only that, she made the decision to follow through with her plans during the pandemic. From the outside looking in, that seems like a fairly bold move, but not by Purple. As she explains in our interview, it didn’t have much effect on her plan to retire at 30. She had a solid investment plan, she understood her personal risk tolerance and didn’t freak out in March when the market tanked (unlike many of us), and she also knew that if she had to earn more income, she could through the job she was leaving. Another thing I want to point out that we didn’t really discuss in this episode is that Purple is a person of colour. You may not know that since she’s anonymous online, but I think this is very significant. When you look at the FIRE community as a whole, it’s very white. Purple is actually the first guest I’ve had on my show who achieved FIRE and isn’t white. I’m pointing this out because I’m hopeful that moving forward, and by sharing more examples like Purple, that the FIRE community will become more diverse and better represent what our world actually looks like. For full episode show notes visit https://jessicamoorhouse.com/249

2020-10-22 00:08:27

248 The Effects of a $70k Minimum Wage Increase - Dan Price, CEO of Gravity Payments & Author of Worth It

I almost never slide into anyone’s DMs, but if I do…it’s to beg them to be on my podcast. So when I saw some news articles online talk about Dan Price, CEO of Gravity Payments, and the effects of the $70,000 minimum wage increase he implemented 5 years ago (a story that went viral globally!), I thought this was my chance to just ask and see what happens. And it worked! Not only that, Dan has since written a book called Worth It all about his journey of becoming an entrepreneur, going from no money to millionaire status, and then making the radical decision to cut his million-dollar salary to $70,000/year so he could increase the wages of all his staff. In this episode, we talk about his relationship with money, his experiences mingling with the 1%, income inequality, universal basic income, and what he hopes to achieve with his $70,000 minimum wage into the future. All I can say is I hope more CEOs take a page out of his book (pun intended) because people not only deserve a living wage but a wage the can make a huge difference in their overall quality of life. For full episode show notes visit https://jessicamoorhosue.com/248

2020-10-14 13:00:00

247 Baby-Proofing Your Finances - Shannon Lee Simmons, CFP & Founder of The New School of Finance

Ask and you shall receive! Having a guest on to talk about starting a family and what to do with your finances has been a popular request from listeners, so I’m excited to finally share this episode! I of course thought of having Shannon Lee Simmons on the show to talk about this. Not only is she an amazing guest (listen to her on episode 151 and episode 184), she’s also a mom and offers baby-proofing your finances services as part of her financial planning firm – The New School of Finance. Shannon mentions in this episode that as a financial planner, she works will people all the time who come to her worried that they have to achieve a certain amount of wealth before they can start a family. But the truth is, people all around the world have kids in different circumstances, and they make it work with little or a lot! It’s all about your expectations and figuring out how to balance them with your income. Moreover, you don’t need to buy all the things! Although having kids can be expensive, there are a number of ways you can save money and make it work within the constraints of your income. It may mean cutting some expenses, or putting a pause on some future plans. But people do it all the time, and so can you. For full episode show notes visit https://jessicamoorhouse.com/247

2020-10-07 23:34:38

246 Reaching Financial Independence If You're Single - Jackie Porter, CFP & Author of Single by Choice or Chance

Oh my goodness, what a week last week was! But I’ll get to that in a bit. I’ve got one hell of a guest this week though. Jackie Porter, a financial planner, author and speaker, joins me on the show to share her incredible story of getting into financial planning but also to discuss her book Single by Choice or Chance. Over the years of having the podcast, I’ve gotten so many questions from single people asking what should they do differently with their money? What are some important considerations they should be aware of? Jackie shares her wisdom because not only has she gone through it herself but she’s also worked with numerous clients over the years. Ok, back to last week. Not only was the launch of Season 11 my best ever (I got the highest amount podcast episode downloads on launch day than any other day in the history of my podcast!) but I have some very exciting news to share…I passed! As I shared at the end of the episode, I’ve been studying all summer for the Canadian Securities Course. It’s broken down into two parts, and last week I passed the first exam. And it was tough! But it feels so good to be over and done with. Now, onto the second exam this October. Thanks so much to everyone who sent me good vibes, I really appreciate it! Now continue to send them over to me so I pass the next one! For full episode show notes visit https://jessicamoorhouse.com/246

2020-09-30 13:00:00

245 How to Be a Go-Giver - Bob Burg, Motivational Speaker & Author of The Go-Giver

Well, that was a much-needed break that I needed from the podcast…how about you? This year has been intense to say the least. And it’s still going. I ended Season 10 on what I thought was a hopeful note. Amongst all the chaos we’re experiencing, I do believe there is also a lot of light. With that, I’ve been recording guests for Season 11 all summer to make this my best season yet. Full of inspiring interviews, diverse voices, and actionable takeaways we can all use to turn these uncertain times into that wake-call many of us need to do more and live more intentional and positive lives. That’s why I wanted to kick off this season with a very inspiring and positive guest, Bob Burg, author of The Go-Giver. As I shared in this episode, I’d previously heard of his book, but it wasn’t until I did a call-out on Twitter about what everyone’s favourite personal finance books were that I was introduced to Bob. Although it’s not a personal finance book in the traditional sense, it is now one of my go-to recommendations for anyone who is struggling in the areas of growing in their career and planning out a path for personal or professional success. No joke, I read this book in maybe two sittings. Then I got my husband to read it right after. I loved it. I really did. It hit home on so many fronts, it almost felt like I was meant to read it at that specific point in time. We talk about a few different sections of the book in this episode, so hopefully, you’ll absorb some of the key takeaways I got from reading it, but of course, I highly recommend grabbing a copy too! For full episode show notes, visit https://jessicamoorhouse.com/245

2020-09-23 13:00:00

Big Announcement - Live Masterclass Starting July 15 & New Shop Page

I've got some big news to share! Starting Wednesday, July 15, I'll be doing my Fix Your Finances Masterclass LIVE for 6 weeks. Enroll now and join me this summer to make some big moves with your money (because let's be honest, we're all still stuck at home, so why not make the most of it?). For more info visit https://jessicamoorhouse.com/fixyourfinances Not only that, I've just unveiled my Shop page on my website, that have 7 new budget spreadsheets and a bunch of other helpful financial resources to check out. Check it out at https://jessicamoorhouse.com/shop Hope you're having a great summer so far!

2020-07-11 22:45:12

244 How to Support BIPOC Right Now - Jessica Moorhouse, Host of the Mo' Money Podcast

Hello wonderful podcast listener! This is my final episode of Season 10 of the Mo’ Money Podcast, and I want to end this season by discussing something very important to me and quite honestly the human race right now. There are global protests both online and offline to fight against the systemic racism that exists in Canada, the U.S., and the rest of the world. It’s 2020, and despite all the progress and innovation we’ve made as a society, racism still exists. Inequality still exists. Injustice still exists. I have been so emotional all week. I’m heartbroken about the innocent lives that have been lost due to police brutality. I’m heartbroken that people of colour have suffered for so long while their white allies (like me) have done nothing to help. Enough is enough. I believe what’s happening right now is a tipping point leading to major change. And I for one want to take action. One of the things I’ve done is made a choice to no longer support FinCon, a financial conference I’ve attended since 2014. You can find more info on my Twitter page, but let’s just say I am an anti-racist and I refuse to support anyone or any institution that does not uphold those basic values. The thing with money is it has everything to do with race. Moreover, money can be used to make positive change and fight against racism. One way I’ve been trying to lend support to the black community and the protests is by donating money to various bail funds, victim funds and Black Lives Matter. I will also never be attending FinCon again and as I’ve just received my refund for that event, I will be redirecting those funds to another cause to help people of colour. Right now isn’t the time to see how things play out or be afraid of not being liked. Right now is the time to speak up and be vocal. It’s time to condemn racism, support people of colour, and not just say you’re an ally, but prove it! For myself, besides donating money, I’m going to continue to educate myself, I’m going to support more BIPOC businesses, and I will be making the next season of my podcast more diverse in terms of guests. It is something I’ve always tried to do, but just looking at the Season 10 line up, I know I can do way better. If you want to take action also, below are some ways you can vote with your dollars, as well as a long list of fantastic BIPOC personal finance influencers to support. Please follow them, consume their content, and amplify their platforms. Their voices need to be heard. Thanks for listening to this episode and supporting me in these 5 years of having the podcast! I’ll be taking a summer hiatus, and will be bringing back the podcast in late August or early September. To stay in the loop, you can follow me on social media or better yet sign up to my email list. I will most likely pop in and do a few special podcast episodes during the summer, but otherwise, I plan on taking this time to focus on a few projects I’ve had on the backburner and make more videos for my YouTube Channel. Thanks again for listening and I’ll catch you back on the podcast soon! For full episode show notes visit https://jessicamoorhouse.com/244

2020-06-04 13:00:00

243 Making Sense of Money During the Pandemic - Lauren Silbert, VP, General Manager of The Balance

We're here! This is it! We've arrived at episode 243, the last interview episode of Season 10 of the Mo' Money Podcast...and my 5-year anniversary of starting this podcast! It is actually insane that I started this show half a decade ago, have interviewed hundreds of guests, and am still going. I do want to acknowledge that things have been very difficult in the world right now. I have a solo podcast episode that I will drop tomorrow to talk more about it, but if you follow me on Twitter or Instagram, then you already know my stance and my feelings about everything. It's been a trying week trying to focus on anything, but I think what's going on right now is so important for us to progress as a society. But, that's not what this episode is about. For this last interview of the season, I have the amazing Lauren Silbert, VP, General Manager of The Balance (one of my favourite personal finance resources). I recorded this episode a month ago at the beginning of May, and we discussed how to make sense of money (and manage it the best way possible) during this pandemic. I just learned that in Ontario (where I live), our State of Emergency status has been extended until June 30, so we are still in the thick of it. I have no idea what the rest of the year will look like, but if there's one thing I do know, it's what to do with your money during uncertain times. This is the time to preserve your capital, save up that emergency fund I always talk about, and avoid making any emotional decisions with your money. Moreover, this is the time to start taking your finances seriously. I know it can feel overwhelming and stressful, but during chaos is the best time to try to create some stability in your financial life. So even though I'll be going on summer hiatus for the show (I'm sure I'll pop in with a few bonus episodes though), take this time to listen to other podcasts, read blogs and books, and make improving your financial literacy your number one priority. For full episode show notes visit https://jessicamoorhouse.com/243

2020-06-03 13:00:00

242 How to Master the Art of Self-Promotion - Meredith Fineman, Author of Brag Better, Speaker, Media Expert & Founder of FinePoint

Brag isn’t a dirty word! Or at least, it shouldn’t be. That’s what Meredith Fineman, author of Brag Better, shares in this episode all about how to master the art of self-promotion. Meredith is the founder of FinePoint, a leadership and professional development company focused on training women on bragging, a systemic issues issue she hopes to eradicate. She is also an entrepreneur, media expert and freelance writer who has written for outlets like the Harvard Business Review, Forbes, FastCompany, and Inc. You see, if you don’t promote yourself and tell others what you’re good at and what you’ve achieved, no one’s going to ask! The advice that your work will speak for itself, unfortunately, isn’t true anymore (and who knows if it ever was true!). In today’s society, if you want to succeed in life and you’re career, you need to brag about yourself. And no, that doesn’t mean being arrogant or boastful in the negative way you may think. It means knowing who you are, what you want, and understand how to get to where you want to go while also lifting others up at the same time. We dive deep into this topic in the second to last week of Season 10 of the podcast, so I hope you really enjoy it as much as I did interviewing Meredith! For full episode show notes visit https://jessicamoorhouse.com/242

2020-05-27 13:00:00

241 How to Write Your Own Money Story - Tara Falcone, CFP, CFA, Founder of ReisUP

Money influences us all in different ways. Our childhoods and backgrounds specifically have a big impact on how we think, feel and manage money later in life. But ultimately, money is just a tool. It’s up to us to decide how to use it to write our own money story. And my guest Tara Falcone knows this all too well. As she shares in this episode, she grew up in a low-income household in which money was scarce, compelling her to start working and earning money at a young age. Realizing that she didn’t want money to have such a tight hold on her adult life, she worked hard in school to get accepted to Yale and enter a career as an investment analyst in New York City. After 4 years in the industry, she left to dedicate her time and knowledge to a larger audience by starting her financial literacy company ReisUP. She also got her Certified Financial Planner™ designation and became a Certified Financial Analyst® charterholder. Now, she offers financial literacy programming to universities to help educate students, as well as her own audience of followers. But the most inspiring thing about Tara’s story is how she chose to use money as a tool of empowerment. Money used to restrict her family growing up, but she didn’t want that for when she eventually starts a family. That’s why she named her company ReisUP, to encourage others to rise up and take control of their financial future like she did. For full episode show notes, visit https://jessicamoorhouse.com/241

2020-05-20 13:00:00

240 Managing Your Debt During the Pandemic - Doug Hoyes, Licensed Insolvency Trustee & Author of Straight Talk on Your Money

It’s been way too long since I first had Doug Hoyes, licensed insolvency trustee and co-founder of Hoyes Michalos, on the show! I’m talking years! He was first on the show to talk about consumer proposals and bankruptcies back in May 2016 for episode 49, and he’s back to talk about things to consider if you’re dealing with mounting debt during this pandemic. Not only that, but he is now also an author with his book Straight Talk on Your Money, which we also discuss in this episode. What I enjoyed most about his book is his very unique perspective on some of the money myths or traditional financial advice we’ve all heard over the years. Since Doug has worked with a number of clients over the course of his career, he has seen almost every situation possible first-hand. If you haven’t read it yet, I’d highly recommend it. There are some great sections on day-to-day money management and dealing with debt that I found so different in their take. For instance, a common piece of financial advice is to pay off either your most expensive debt or your smallest debt first. But maybe the best route to take is to pay off your callable or secured debts first since those debts are linked to assets that can be taken away. For full episode show notes visit https://jessicamoorhouse.com/240

2020-05-13 13:00:00

239 Financial Relief for Canadians - Preet Banerjee, Personal Finance Commentator & Author of "Stop Over-Thinking Your Money"

Many Canadians are feeling the financial effects of the pandemic and as a response the federal government as launched several financial relief programs to help out. To explain what the different programs are and how eligibility works, I’ve got personal finance expert and author Preet Banerjee finally back on the show! If you’re a longtime listener of the Mo’ Money Podcast, then you’ll remember that Preet was one of my first ever guests on episode 17 in which he talked about his book Stop Over-Thinking Your Money, and made sure I got life insurance and a will after our recording (it works because I did!). For full episode show notes, visit https://jessicamoorhouse.com/239

2020-05-07 00:56:12

Is Right Now a Good Time to Invest? - Money Minute with Jessica Moorhouse

Is right now a good time to invest? Yes! But also...so was a 6 months ago, a year ago, 10 years ago (you get the picture). Remember this famous Chinese proverb: “The best time to plant a tree was 20 years ago. The second best time is now.” – Chinese Proverb The same goes for investing! Don't try to time the market, just get into the market and stay there. One of the best things I ever did was start investing when I thought it was the wrong time (in 2010 when the stock market started to recover). I thought I missed the boat and I was doing it all wrong. Cut to a decade later and no, I didn't do it wrong. I did it right by starting to invest as soon as I could afford to, and making regular contributions to my investments during all the ups and downs we saw in the past 10 years. So if you want to get started with investing, I highly recommend you start educating yourself more about it, gain some financial confidence, then go for it!

2020-05-02 01:19:17

238 From NFL Player to Financial Planner - Jedidiah Collins, CFP, Ex-NFLer & Author of Your Money Vehicle

Have you ever watched the show Ballers with Dwayne Johnson? I know, that doesn’t sound like the type of show I’d watch (I know nothing about sports!), but my husband was watching it one night and told me it was about an ex-NFL player who becomes a financial planner. Now that’s my kind of show! Well, cut to present day and I have basically a real-life “baller” on the podcast! Jedidiah Collins played for the NFL for seven seasons, and studied to become a CFP on the off-season. Post-NFL career, he now owns his own financial services company, does public speaking and is on a mission to educate others how to make their money work better for them. We get into what it was like playing for the NFL, earning those big game cheques, and how he was able to avoid being another sports star who ended their career with no savings in the bank. We also dive into his new workbook Your Money Vehicle that he developed to be an actionable guidebook for others to build their own financial plans and set themselves on the right path. For full episode show notes visit https://jessicamoorhouse.com/238

2020-04-29 13:00:00

More Flexible Criteria for the Canada Emergency Response Benefit (CERB) - Money Minute with Jessica Moorhouse

This week, new (and more flexible) criteria for the Canada Emergency Response Benefit (CERB) was announced. That means that if you weren't originally eligible to receive the $2,000 benefit payout, you might be now! Important Resources Apply for CERB: https://www.canada.ca/en/services/benefits/ei/cerb-application.html FAQs about CERB: https://www.canada.ca/en/services/benefits/ei/cerb-application/questions.html Scenarios for Eligibility: https://toronto.citynews.ca/2020/04/01/faq-canada-emergency-response-benefit/ Info on COVID-19 Economic Response Plan: https://www.canada.ca/en/department-finance/economic-response-plan.html

2020-04-18 02:30:52

237 Managing Your Money in Uncertain Times - Katie Dunsworth-Reiach, Author & Co-Founder of Smart Cookies

Life is crazy sometimes. Back in 2009, when I was struggling to find a full-time job after university thanks to the Great Recession, I got an on-call job as a teleprompter operator for Global News thanks to my dad putting a good word in for me (he’d worked there for over 20 years). It was honestly a god send because it meant I could earn a little money, pay off my student loan and start saving to eventually move out of my parent’s basement. Anywho, while I worked there (and I ended up keeping that job as a side hustle for 3 years) I would sometimes see the ladies from Smart Cookies appear on the news and share their personal finance wisdom. Cut to 2020, as we enter possibly another recession, I’ve got Smart Cookies co-founder Katie Dunsworth-Reiach on my podcast to talk about how to navigate your money during these uncertain times. And since her personal finance journey was majorly impacted from the last recession too, she has some amazing advice and food for thought in this episode. Just remember, we’ve gone through many recessions in history before, and there will be many more in the future. It’s how you react and what actions you ultimately take during those hard times that will define your path. For full episode show notes visit https://jessicamoorhouse.com/237

2020-04-15 13:00:00

Canada Emergency Response Benefit (CERB) - Money Minute with Jessica Moorhouse

This Monday, April 6, applications opened up to anyone eligible for the Canada Emergency Response Benefit (CERB). Even though the application process is incredibly simple and easy, finding out if you're eligible...not so much. I go through exactly how to find out if you're eligible for the $2,000/month benefit in this episode. Important Resources Apply for CERB: https://www.canada.ca/en/services/benefits/ei/cerb-application.html FAQs about CERB: https://www.canada.ca/en/services/benefits/ei/cerb-application/questions.html Scenarios for Eligibility: https://toronto.citynews.ca/2020/04/01/faq-canada-emergency-response-benefit/ Info on COVID-19 Economic Response Plan: https://www.canada.ca/en/department-finance/economic-response-plan.html

2020-04-11 01:45:23

Special Episode - Financial Relief in the U.S. - Erin Lowry, Author of Broke Millennial & Broke Millennial Takes on Investing

Since so much is going on and many of you listening are looking for some financial relief during this pandemic, I thought I would do another special episode with my pal Erin Lowry who is a money expert in the U.S. and the author of Broke Millennial and Broke Millennial Takes on Investing. Erin has been hard at work compiling a number of resources in a massive Google spreadsheet (link below) to help you during these uncertain times, and she joins me in this episode to share what you need to know about applying for unemployment insurance and getting your stimulus check if you're living the U.S. Unemployment Insurance Department of Labor website: https://www.dol.gov/general/topic/unemployment-insurance Career One Stop website: https://www.careeronestop.org/ Stimulus Check https://www.irs.gov/newsroom/economic-impact-payments-what-you-need-to-know Broke Millennial's Coronavirus/Recession Relief Hub https://docs.google.com/spreadsheets/d/13OdpUwbi_VytzS4trSsGx25FxElrozbegPZK8KnSLpU/edit#gid=141836046 Support Erin & Buy Her Books Broke Millennial Broke Millennial Takes on Investing

2020-04-09 13:00:00

236 How to Become More Financially Self-Reliant - Chris Guillebeau, New York Times Bestselling Author & Host of the Side Hustle School podcast

I can’t believe it’s been over 2 years since I’ve had Chris Guillebeau on the show to promote his book Side Hustle, and of course to share his expertise about side hustles. Well, he’s back with a brand-new book, and this time his first work of fiction, called The Money Tree. This book is actually pretty timely, since it focuses on characters dealing with some tough times financially, so you’ll definitely be able to relate to the story. But since it’s still a book about money, it also offers some solutions and helpful advice on how to overcome these obstacles, how to think differently about your money and earning potential, and how to not let the outside world determine the course of your future. I personally found his book super inspiring, so I hope you enjoy this podcast episode and of course pick up a copy of Chris’ new book! For full episode show notes visit https://jessicamoorhouse.com/236

2020-04-08 13:00:00

How to Manage Your Anxiety with the Stock Market & Pandemic - Money Minute with Jessica Moorhouse

It's totally normal to feel anxious about everything going on right now. Just like you, I've been battling with my anxiety for the past several weeks, but I've started to do a few things to manage it better. It's no good feeling worried and anxious for weeks or months on end, so here are some things I'm doing to control my anxiety so I can live a relatively normal life until the stock market stops being an up and down rollercoaster and there's a solution to this health crisis. Set up a new normal routine (shower, dressed, breakfast, to-do list, etc...) When working from home, set up a dedicated work station Take breaks, such as using the Pomodore Technique, which involves working for 25 minutes (set a timer) then taking a break. https://francescocirillo.com/pages/pomodoro-technique Limit your info intake each day from the news and social media Exercise daily Journal each day or week Meditate Sleep at least 8 hours per day and have a set sleep schedule Socialize online Avoid/limit alcohol and drug dependency Think of life in 1-2 week chunks (or day by day) Accept that anxiety and fear are normal for what’s going on right now Be careful with "What Ifs" Get professional help if needed

2020-04-03 13:00:00

Special Episode - Deferring Your Mortgage Payments in Canada - Richard Moxley, Credit Expert & Author of The Credit Game

Due to the tanking stock market, mass job layoffs, and the pandemic, many Canadians are finding themselves in a situation where they are no longer earning an income (or now have a reduced income) and don't have an emergency fund. If you don't have any new money coming in and you don't have any money saved up, what can you do? Recently it was announced that some lenders, including the big banks, in Canada will be providing mortgage borrowers the opportunity to defer their mortgage payments. To explain more about what this actually looks like and what this could do to your credit score, I'm joined with credit expert and author Richard Moxley for this special timely episode. More info about mortgage deferrals: https://www.cmhc-schl.gc.ca/en/finance-and-investing/mortgage-loan-insurance/the-resource/covid19-understanding-mortgage-payment-deferral Make sure to support Richard and grab a copy of his new book The Credit Game: https://amzn.to/2y5UjeA

2020-04-02 13:00:00

235 How to Achieve Different Types of Financial Goals - Alyssa Davies, Author of The 100 Day Financial Goal Journal & Blogger/YouTuber at Mixed Up Money

I know revising or even setting new financial goals may seem like the last thing you want to do right now (I get it, there’s a pandemic going on!), but right now is actually the perfect time to sit down and take a hard look at your finances. If you don’t have a budget, this is the time to make one. And if you do, it’s time to make a new one because you can stop those auto-contributions to your travel fund. To discuss this and her new book The 100 Day Financial Goal Journal I’ve got Alyssa Davies on the show, blogger and YouTuber at Mixed Up Money. Aside from talking about the importance of having a budget and tracking your spending, we also discuss how to set and plan for different types of financial goals like homeownership and starting a family, and Alyssa shares some tips and techniques to help you get started. For full episode show notes visit https://jessicamoorhouse.com/235

2020-04-01 13:00:00

My Top F.I.R.E. Book Picks You Need to Read - Money Minute with Jessica Moorhouse

Since this week’s episode featured another guest who was able to achieve F.I.R.E. in his 30s, I thought it would be a great topic for this week’s Money Minute! Since we are currently in a bear market, similar to the one that happened from 2007-2009, this is actually the best time to build wealth. From all the guests I’ve had on my show, that’s how they were able to achieve financial independence and retire early…they invested during the last recession and reaped the rewards. If you have dreams of reaching financial independence, a great first step is to pick up one of these great books: Financial Freedom by Grant Sabatier Your Money or Your Life by Vicki Robin Quit Like a Millionaire by Kristy Shen and Bryce Leung Work Optional by Tanja Hester The Simple Path to Wealth by J.L. Collins How to Retire Early by Robert and Robin Charlton Millionaire Teacher by Andrew Hallam Since we’re all being told to practice social distancing, that doesn’t mean you have to stop talking to people! Make sure to join my Facebook group and join in the conversation: https://jessicamoorhouse.com/facebookgroup

2020-03-27 23:47:07

234 How to Reach FI at 32 & Why Not to Pay Your Mortgage Early - Kornel Szrejber, Host of the Build Wealth Canada Show

I finally have Kornel Szrejber from Build Wealth Canada on the show! As a Canadian, I’m always considering what the right financial advice is so I can, in turn, curate the best personal finance content for you guys. Kornel’s mission is very similar to mine, only he’s FI and paid off his mortgage by 32, which is of course incredible! On the podcast today we’re talking about how to become financially independent (FI) and learning a little more about what the path is toward FI. Kornel and his wife lived together in their twenties and focused their dual-income household toward paying off any debts and their mortgage. In achieving his goals he is now focused on his early retirement and navigating life as a young retiree. Toss the headphones on and tune it for this energetic interview with Kornel and learn a few ways on how you can create a financially independent life for yourself! For full episode show notes visit https://jessicamoorhouse.com/234

2020-03-25 13:00:00

My Thoughts on the Stock Market & Pandemic - Money Minute with Jessica Moorhouse

We are still dealing with a volatile stock market and health crisis, and everyone, understandably, is feeling anxious and panicked. Even though we’re in an uncertain time, here are some of my tips for what to do based on some of the messages I’ve been getting recently. First off, if you’re currently investing and feel like your job is fairly stable, then don’t do anything differently than what you’re currently doing. Continue to make your regular contributions to your investments to practice dollar-cost averaging and ride out this wave because the stock market will recover. And if you have some extra money laying around and feel comfortable doing so, you can even increase your investment contributions. If you want to try your hand at investing in individual stocks or ETFs, this is a good time to buy, however, it is still risky and you need to understand what you’re doing and the risk you’re taking on. The stock market will most likely continue to plummet, so as long as you plan on buying and holding for the long-term, you will eventually see positive returns in the future. Just make sure you’re only dedicating a small percentage of your portfolio to this type of investing. Secondly, if you don’t feel safe at your job and there is the risk of being laid off or having your hours cut, this is the time to focus on your emergency fund. Cut back on other expenses so you can dedicate more funds to your emergency fund, and if necessary either pause or reduce your investment contributions if you don’t think you have enough cash saved up in the event that you lose your job. Thirdly, if you want to take this time in self-isolation to increase your financial literacy, then read books and blogs, listen to other podcasts, and if you are interested, sign up to my Investing Foundations for Canadians online course.

2020-03-20 13:00:00

233 What to Know About Filing this 2020 Tax Season - Gerry Vittoratos, UFile Tax Specialist

Can you believe it’s been 4 years since I had tax expert Gerry Vittoratos on the show? That’s right, he was the guest for episode 44 of the Mo’ Money Podcast, so I think that means he’s one of my OG guests! Well, it’s a new season and new decade, and it’s also tax season so I thought I’d bring him back on the show to talk about taxes. In case you don’t know Gerry, he really knows his stuff when it comes to taxes. He’s been working for Thomson Reuters for over 10 years as a trainer and tax support resource person. In his capacity as head trainer, Gerry has been providing training sessions to tax professionals all over Canada. He has also made several radio and TV appearances on BNN and Global TV as the UFile tax specialist discussing a multitude of tax topics. He has also served as the main resource person for the tax support department of Thomson Reuters, resolving complex tax issues and questions for tax professionals using the DT Professional Suite. Lastly, Gerry obtained his Graduate Diploma (Gdip) in Taxation from Sherbrooke University in 2018, and is in the process of obtaining a Masters of Taxation! Here are some of the things we talked about in this episode. Tax Brackets, Average Tax Rate & Marginal Tax Rate We talked at length about tax brackets and how in Canada we have a progressive tax system. That means that you pay different tax rates on different portions of your income. Here’s how that would look for your 2019 taxes: 15% on your first $47,630 of taxable income 20.5% on your next $47,629 of taxable income (on any taxable income over 47,630 up to $95,259) 26% on your next $52,408 of taxable income (on any taxable income over $95,259 up to $147,667) 29% on your next $62,704 of taxable income (on any taxable income over 147,667 up to $210,371) 33% on your taxable income over $210,371 Your average tax rate is the amount of tax you pay divided by your income. Average Tax Rate = Total Tax / Total Income Your marginal tax rate is the amount of tax your would pay on your next dollar of income. With that said, your average tax rate is what you need to know because it will show you how much money you have to pay the government in taxes. To help, here’s UFile’s Income Tax Calculator. Refundable & Non-Refundable Tax Credits There are a ton of tax credit available that you can take advantage of, but it’s important to know the difference between those that are refundable and those that aren’t. Both are still good, but ultimately refundable tax credits are the best kind because you can a tax refund if you use it. For non-refundable tax credits, they only decrease the amount of tax you owe. In other words, if you owe $300 in taxes and your non-refundable tax credit is for $500, you won’t get $200 refunded to you. Your taxes owed would simply become $0. For more information, check out the CRA’s page on non-refundable and refundable tax credits. Tax Credits, Deductions & Business Expenses to Be Aware Of There are a ton of tax credits you can take advantage of, and when you use a tax software like UFile, it will help you find out which ones you quality for. Otherwise, check out this list of deductions, credits and business expenses by the CRA that you may be able to help reduce how much you pay in taxes. Taxes on Investment Income If your investments are in a TFSA and/or RRSP, then you don’t have to pay any taxes on any investment income you earn from interest, dividends or capital gains. But, if your investments are in a taxable (unregistered) account, then you will have to pay taxes. Here’s how that all works: For any interest you earn (GICs, savings accounts, bonds…), those amounts are taxed at your marginal tax rate. For any Canadian dividends you earn, you may be eligible for the Canadian dividend tax credit which will lower your tax rate on that income. For any capital gains you earn (the profit you earn when you sell stocks or equity mutual funds or ETFs), only 50% of those capital gains are taxable. That means you get to keep 50% of that profit and not pay tax on it, and the remainder is taxed at your marginal tax rate. More Tax Resources As Gerry mentioned on the podcast, make sure to check out these other tax resources that will help you this tax season. Income tax calculator UFile’s tax blog CRA’s personal income tax hub Save 15% When Filing Your Taxes If you want to get your taxes done by using UFile, make sure to use promo code MOMONEY to get a special 15% off! For full episode show notes visit https://jessicamoorhouse.com/233

2020-03-19 13:00:00

232 How to Be Smart with Your Money During the COVID-19 Pandemic - Janna Herron, Personal Finance Editor at Yahoo Finance and Cashay

So…it’s been a crazy few weeks (understatement of a lifetime)! I almost never do “timely” podcast episodes. I typically record all my episodes a few months or weeks in advance, so it’s hard to do an episode that is about what’s going on in the news and it still be fresh or on trend by the time it’s published. But, since what’s going right now with COVID-19 and the stock market is something I have never seen or experienced before, I knew I needed to have an episode to talk about it. That’s why I’ve got Janna Herron, Personal Finance Editor for Yahoo Finance, on the show today to discuss what exactly is happening, how we should react and how best to manage our money in these uncertain times. Here are some of her top tips which I completely agree with. 1. Don’t Panic I know you’ve probably been hearing this a lot, but honestly it’s the best advice you can take. I understand it’s easier said than done. I myself am trying not to panic. A lot has changed in my life and business in just the past few weeks, such as all my future speaking engagements have been canceled, so it’s hard not to panic and think the worst. But just remember, the best thing you can do is stay calm to maintain a clear head. When you let that panic take over, you’ll start to make emotional decisions that may not be the best choices for you in the long-term. 2. Don’t Sell Off All Your Investments Another piece of advice that’s easier said than done, but I would really implore you not to make a very rookie investing mistake which is selling off all your investments to free up cash because you’re panicked. I’ve even had thoughts of selling some things off, or stopping some of my investments to have more cash on hand. That’s a natural feeling to have! Our instincts are telling us to cash out and run away from danger, but when it comes to long-term investing you cannot do this. This is the time to continue investing or if you can afford to, dump more money into your investments. 3. Free Up Cash Flow If You Need To Now you may be thinking “What if I need cash though?” If you don’t have a fully funded emergency fund that can float you for 3-6 months if you lose work, then that’s obviously a different story. If you feel like your livelihood is at risk, then it’s important to have cash on hand. And by that, I don’t mean literally get cash out of the bank to put under your mattress (though there’s nothing wrong with having some physical cash at home). I mean that in order to prevent you from going into debt, you need to have cash to pay for things if your income dries up. In this instance, there’s a few things you can do. File your taxes. It’s tax season after all, and you may be due for a nice tax refund. Put those funds to good use by putting them into your emergency fund. Cut or pause any unnecessary subscriptions Cut back other unnecessary expenses, like eating out (this is actually the best time to start eating in and meal prepping). Call your lenders and creditors to see if they can reduce your regular debt payments temporarily. Contact your utility companies to see if they can reduce your payments temporarily. Sell things you don’t need if there’s a market for them. If you’ve always wanted to start an online at-home side hustle, this is the perfect time to start! If you’re still worried about not having any cash, then either reduce your regular contributions to your investments, pause them (but don’t forget to restart them when you can afford to), or if you’re really desperate, liquid some of your investments (ideally from your TFSA or taxable accounts first, not your RRSP). And if you need to borrow money, make it your last resort and avoid high-cost debt like credit cards and payday loans. Work with your bank to secure either a close-ended loan with set payments or a line of credit. 4. Don’t Be an Eager Yet Inexperienced Day Trader “Buy low, sell high!” You know how many times people have been messaging me with this quote? Yes, it’s true, right now is a great time to buy equities on sale, however that doesn’t mean this is the time to become a day trader when you don’t know what you’re doing. Buying s tocks can be risky, and there are a lot of emotions involved with trading. If you really want to start investing, great, but don’t just start buying individual stocks. Start by making an investment plan which will help guide you on what to do. One way to get started would be to enroll in my Investing Foundations for Canadians course. For full episode show notes visit https://jessicamoorhouse.com/232

2020-03-18 13:00:00

What's Going on with the Stock Market (and How You Should React) - Money Minute with Jessica Moorhouse

So...what the heck is going on with the stock market right now? Because everyone is freaking out from all the headlines, Twitter hashtags and conversations around the water cooler. Here’s the thing, we are currently experiencing a market correction, not a crash. That being said, this market correction could lead us into a bear market, which means interest rates and stock prices may sit at a lower point than we’ve experienced for a while. That’s okay. It’s part of the natural market cycle. We’ve had one of the longest bull markets in history, so we were overdue. The key thing to know is not to panic. Make sure you have an investment plan and are sticking to that plan. Make sure you continue to practice dollar-cost averaging and are still contributing regularly to your investments (do not hit pause!). Do not sell off everything because you’re afraid. That’s how you lose money. You make money during a correction or crash when you don’t sell, or if you continue to buy at discounted prices. To learn more, I highly suggest you check out my Investing Foundations for Canadians course. But no matter what you do, don’t panic, don’t make decisions based on fear and emotions, and continue to educate yourself about investing so you can feel confident about what you’re doing. To check out my course visit https://jessicamoorhouse.com/investingfoundations

2020-03-13 13:00:00

231 Her Husband Died Suddenly at 34, Here's How She Came Out On Top - Keisha Blair, Economist & Author of Holistic Wealth

Keisha and her husband at a young age were very focused on early retirement and nurturing their brand new family. At 34, Keisha and her husband welcomed a brand new baby into the world and becoming an executive was just in sight for Keisha. When their baby was eight weeks old, her husband became very ill and died suddenly. They later came to the conclusion that he had a very rare disease. This disease was so rare that a year after her husband died, an international medical team had to get together to diagnose the disease. This series of events shook Keisha’s world and drove her straight into writing. There she was able to share her struggles and deepest thoughts surrounding the tragic experience she went through. In this episode we talk about her new book, Holistic Wealth: 32 Life Lessons To Help You Find Purpose, Prosperity, and Happiness. Keisha walks us through her financial journey and the types of teams she worked with, in creating a healthy financial future for her children and herself as she did not have a will or estate plan in place when her husband passed suddenly. I am incredibly moved by the major financial moves she has made out of a tragedy she wasn’t prepared for. If you or someone you love is not prepared for a sudden passing, give them the tools to get a plan in place so everyone, including yourself, is safeguarded for the longterm. For full episode show notes visit https://jessicamoorhouse.com/231

2020-03-11 13:00:00

Robo-advisors in Canada & USA - Money Minute with Jessica Moorhouse

I get asked all the time "What's a good robo-advisor?" to which I always answer "It depends on what you're looking for." You see, even though I've got my personal preferences, that doesn't mean they are right for you. Instead, know what robo-advisors are out there then do your own research and due diligence to make the right decision for you and your investment needs. That's what this episode is all about, helping you start your research. I share some of the robo-advisors available in both Canada and the U.S., and if you're Canadian I'd also suggest checking out robo-advisor comparison sites like AutoInvest and HardBacon too.

2020-03-06 14:00:00

230 How Financial Therapy Can Help You Tackle Your Money - Lindsay Bryan-Podvin, Financial Therapist & Author of The Financial Anxiety Solution

You’re gonna love this episode. You’re gonna feel so good after listening to it! Why? Because there’s just something about my guest, Lindsay Bryan-Podvin of , that puts you at ease. Which is probably why she’s a financial therapist. She makes you open up, get deep, and eventually get to the crux of what’s going on with your money so you can start building a solid, happy and successful financial life. In this episode, we discuss what exactly a financial therapist does (and how it differs from some other financial designations), why talking about money is one of the most important things we can all do to improve our financial situations, and how impactful our past is on our financial futures. Besides working with individuals and couples as a financial therapist, Lindsay is also the author of The Financial Anxiety Solution. If you want to grab a copy of her book, make sure to visit to also get a free video training on values-based spending and saving. For full episode show notes visit https://jessicamoorhouse.com/230

2020-03-04 14:00:00

What Is CDIC & How Does It Work? - Money Minute with Jessica Moorhouse

Do you know what the Canada Deposit Insurance Corporation (CDIC) is, or why it was created? I go through the history, how it protects banking customers and their deposits, and how exactly (and how much) you’re protected.

2020-02-28 14:00:00

229 What You Need to Know About Responsible Investing - Guy Cormier, CEO of Desjardins

A few weeks ago, I got to co-host a really special event called “A Greener Dollar” with Desjardins CEO Guy Cormier, and after that event, he sat down to do a podcast episode with me so we could dive deeper into the topic of responsible finance and investing. Something you should know about Desjardins is that they have been at the forefront of responsible investing going back 25 years with the launch of their first SocieTerra funds. Since then, they’ve built a number of responsible mutual funds and ETFs, and hope to be a leader in promoting responsible investing to the masses. As Guy mentions in the podcast, more business leaders need to step up and take more action when it comes to sustainable growth in the financial industry and in the greater economy. Although many leaders and companies are profit-first thinkers and simply focused on getting high returns, things need to shift in the investing world. There needs to be more transparency, inclusivity, and we need to protect our future. And one big way this can be done is by offering responsible investing products and having the conversation with investors. Hopefully, one day responsible investing will simply be called investing, and there won’t be so many different interpretations of what it means to be responsible fund or responsible investor. Until then, what we all can do is to be more intentional with our investing dollars and to keep the conversation going so more people are aware of their options. For full episode show notes visit https://jessicamoorhouse.com/229

2020-02-27 14:32:33

228 How to Feel Good About Money - Kelley Keehn, Personal Finance Expert & Author of Talk Money to Me

It's been well over 2 years since I've had well-known personal finance expert Kelley Keehn on the podcast (she was featured on episode 131 back in Nov. 2017 if you want to check that out), and she's back to chat with me about her new best-selling book Talk Money to Me. If you are looking for a new book, specifically for Canadians, about all the things you should know about money management, debt, credit and mindset, you'll definitely want to grab a copy of her book. It's not written like your typical personal finance advice book, telling you what to do and not to do. Instead, Kelley weaves in his wisdom by sharing stories and scenarios based on all of the people she's been able to talk to and help over the years in her career as a financial literacy advocate. The reason she wanted to write this book is because she wanted to write a book to open up the conversation and to just make people not only feel good about their money, but about money in general. Our pasts really do have a big impact on how we think, feel and manage our money as adults. Luckily, you can change all of that, as long as you own up to that past and become intentional with how you view and interact with money moving forward (and of course taking some of Kelley advice in her book!). For full episode show notes visit https://jessicamoorhouse.com/228

2020-02-26 14:00:00

What is Wealthsimple Cash All About (and Is It Safe)? - Money Minute with Jessica Moorhouse

For this Money Minute episode, after much listener demand, I’m going to be sharing what is Wealthsimple’s new savings/chequing account Wealthsimple Cash all about, is it safe, and how does it compare to other high-interest savings accounts offered by Motive Financial, EQ Bank and LBC Digital. FYI, Wealthsimple Cash is only available in Canada currently.

2020-02-21 14:00:00

227 No-BS Financial Education for Women - Amanda Holden, Financial Educator & Speaker

For this episode of the Mo’ Money Podcast, I have someone on who is making some major waves in the personal finance space – money writer, speaker and educator Amanda Holden (a.k.a. Dumpster Doggy). I’ve been following her on social media and reading her blog for a while now, but I was lucky enough to finally meet her this past fall at FinCon 2019. She has such a positive energy, it's no wonder she's been able to cultivate a community of super-engaged followers who want to empower themselves through financial literacy. Amanda has such an amazing story too of how she decided to become a financial educator. She was first introduced to the world of finance when she starting working for an investment firm in San Francisco. But after a few years helping the rich get richer, she realized that was not the path for her. So, she started living extremely frugally (hence why she has the nickname Dumpster Doggy) to save up enough money to leave her job and travel around South America. On her travels, she realized what she was meant to do with her career – build a business that focused on educating young women about finance and investing. This led her to start her blog, Dumpster Dog Blog, and her business, Invested Development. In this episode, Amanda shares some of her top investing tips, how she was able to live extremely frugally for so long (and doesn't regret it), and what #TRASHION is all about. Make sure to check out her Instagram for some constant inspiration and check out her website to find out when she'll run her next live online Invested Development course. For full episode show notes visit https://jessicamoorhouse.com/227

2020-02-19 14:00:00

What Is RRSP Season? - Money Minute with Jessica Moorhouse

What is RRSP season? And why is every bank, financial institution, robo-advisor and discount brokerage telling you "Quick, the deadline is looming! Don't forget to contribute to your RRSP before it's too late!" That's because March 2, 2020 is the deadline for you to contribute to your RRSP to count towards the 2019 tax year (typically it's March 1, but this year March 1 is on a Sunday). So if you are trying to figure out to reduce your taxes owing for 2019, you may want to take this opportunity to contribute to your RRSP now before the deadline to use as a tax deduction when filing your 2019 taxes.

2020-02-14 14:00:00

226 How to Make Money as a Full-Time YouTuber - Marko Zlatic, Host of the WhiteBoard Finance YouTube channel

You hear all the time that these YouTubers started a channel just for fun, then a few years later…BAM they’re doing it full-time and raking in the dough! Is it true or is it just hype? Wanting to get to the bottom of this, for this episode of the podcast I talk to Marko Zlatic, the YouTuber behind the popular WhiteBoard Finance channel, to find out how he was able to quit his day job in finance to run his channel full-time in just a few years. I was lucky enough to have met Marko at FinCon 2019, and I was shocked to learn later that his channel was huge! Not only that, the advice he gives in his video is actual quality, with tons of well-researched and explained videos. A rarity with all the click-bait hype channels that are really just trying to sell you something or promote some get-rich-quick dream. So, how does he do it? Putting in the work for years without seeing a dollar, creating quality videos on topics people want the answers too, and of course, there’s the X factor that just makes him stand-out and keep his viewers coming back for more. Besides chatting about his channel, we also discussed some of his tips from his top videos, such as how to not get scammed at the car dealership and how to survive the next recession. If you’re just getting into YouTube and are looking for some quality personal finance channels to follow, make sure to subscribe to WhiteBoard Finance (and why not my channel while you’re at it). For full episode show notes visit https://jessicamoorhouse.com/226

2020-02-12 14:00:00

Stop "Saving" for Retirement - Money Minute with Jessica Moorhouse

If there's one thing that grinds my gears it's when people use the wrong terminology! And people, journalists, even some financial experts keep saying this and it is WRONG: "Save for retirement" Nope. You can't. You cannot save for retirement. Because saving is the act of putting cash in a savings account, keeping it liquid, and earning very little interest. So stop saving for retirement, and instead start investing for retirement. Investing is the only way to build your wealth for retirement. So stop saying "save" and start saying "invest" for retirement, because it more accurately describes the steps you need to take to get to that $1 to $3 million dollars you'll probably need to retire by 65.

2020-02-07 14:00:00

225 How to Be a Common Sense Investor - Ben Felix, MBA, CFA, CFP, Portfolio Manager & host of the Common Sense Investing YouTube channel

For this episode of the podcast, I interview someone who I’ve been getting a ton of requests by listeners to be on the show…Ben Felix! Not only is he a well-respected portfolio manager at PWL Capital with more letters behind his name than anyone I know, he is also the popular YouTuber behind the Common Sense Investing channel as well as the co-host of the Rational Reminder podcast. Benjamin took a fairly unique path to the investing world. Whereas many guests I have on the show had a strong passion for personal finance early on, Ben first studied mechanical engineering before deciding to pivot and get his MBA in Finance (because it was the most difficult program offered at Carleton University’s Sprott School of Business!). While doing his MBA, he got the chance to work at an investment firm and soon realized the culture and strategies used by a traditional institution did not align with his own values and research. But before deciding to ditch the whole thing he was hired at PWL Capital, a firm with a fairly alternative approach to doing business, offering fiduciary advice and index fund portfolios to clients. Ben started his career there in 2013, and has since become a strong advocate for financial literacy and educating Canadians about how they can take control of their investments through his podcast and YouTube channel. Specifically, he likes to explain the rationale behind why indexing is such a great (and increasingly popular) investment strategy, while also sharing research on alternative investing strategies such as factor-based investing. Honestly, he is one of the few people out there who can actually explain complex ideas in a very easy to understand way. It’s no wonder he has over 80,000 YouTube subscribers and counting! As mentioned on the podcast, make sure to check out his website RationalReminder.ca and his YouTube channel. There is so much amazing content on there, you’re sure to find yourself binging episodes and videos just like I have! For full episode show notes visit https://jessicamoorhouse.com/225

2020-02-05 14:00:00

How Much You Should Have in Your Emergency Fund - Money Minute with Jessica Moorhouse

For this money minute, I'm going to answer to questions I get all the time. 1) Why should I have an emergency fund? 2) How much should I have in it? An emergency fund is simply cash you have in a savings account you don't touch unless there's an emergency, and the typical rule of thumb is to have 3, 6 or 9 months' worth of your living expenses (which you can find by having a budget and tracking your spending!).

2020-01-31 14:00:00

224 How to Be Brave with Your Money - Kara Perez, Founder of BravelyGo and Financial Feminist Educator

For this episode of the Mo’ Money Podcast, I’ve got my friend Kara Perez on the show. She is the founder of Bravely Go, a feminist financial education company. Her company focuses on bringing actionable and accessible financial education to people through pop up events and an online community. Kara is also the co-host of the award-winning The Fairer Cents podcast and if that wasn’t enough she’s also a money coach! In this episode, we talk about why there is such a need to hear diverse voices in the personal finance world so we can all learn from each other, what it means to be a financial feminist, and Kara shares her tips on how to negotiate like a pro so you can level up your money (a skill I sure wish I had back in my 20s). Kara also shares her story of graduating soon after the recession with an English degree, and living on a low income for many years while struggling to pay off her debt. By taking the time to educate herself about money and being disciplined with living below her means, she was able to crush her debt and now works full-time running her own company teaching others how to empower themselves through personal finance. Although she doesn’t like to say if she can do it so can you, hopefully her story will serve as some inspiration that no matter where you’re at in life, there’s always a path to a better financial life. For full episode show notes visit https://jessicamoorhouse.com/224

2020-01-29 14:00:00

How to Check Your Credit Scores for Free - Money Minute with Jessica Moorhouse

For another edition of Money Minute with Jessica Moorhouse (that's me), I'm going to share with you the different ways that you can check your credit scores for free in both Canada and the US. An important thing to note, in Canada we have 2 credit bureaus: TransUnion and Equifax. In the US, there are 3 bureaus: TransUnion, Equifax and Experian. No matter if you're in Canada or the US, you must check all of your scores. These bureaus are different companies, they do not share information or talk to each other, and the scores will be different.

2020-01-24 14:00:00

223 What the Banks Don't Want You to Know About Investing - Larry Bates, Author of Beat the Bank

Having spent 35 years in the investment business in both Toronto and London, Larry Bates knows a thing or two about how the banks operate and how to be a savvy investor. Which is what inspired him to write his book Beat the Bank, which is all about how to beat the bank at their own game…namely getting rich off you, not helping you get rich! In his book, Larry provides insight into how the investment industry in Canada works, and how best to achieve higher returns through the use of better investment products. In other words, it’s time to stop investing in high-fee actively-managed mutual funds from the bank in favour of index funds or index-ETFs using a robo-advisor or self-directed investing using a discount brokerage. Seeing as this podcast is in its 10th season, I’ve interviewed hundreds of authors and money experts on this show, but I’ve gotta say, if you’re Canadian and you’re looking for a good intro to investing book, this is it! This is my new go-to recommendation (in addition to my other favourites like Millionaire Teacher by Andrew Hallam, Wealthing Like Rabbits by Robert Brown, and The Value of Simple by John Robertson). If you want to start your investing journey and want a non-dry book on investing in Canada, you need to grab this book. You will not be disappointed! Also, don’t forget, I’m giving away a copy of his book! To enter to win you just have to visit jessicamoorhouse.com/contests. For full episode show notes, visit https://jessicamoorhouse.com/223

2020-01-22 14:00:00

No-Fee Banks in Canada & USA - Money Minute with Jessica Moorhouse

Welcome to my new weekly series on the Mo' Money Podcast called "Money Minute with Jessica Moorhouse"! I love doing interviews for this show, but sometimes I just want to talk to you directly and share some tips or pieces of wisdom that I think could help you on your personal finance journey...all in just a few minutes per episode. This first episode is me sharing 5 different banks that offer no-fee chequing accounts in both Canada and the US. If you're paying monthly bank fees, I challenge you to calculate how much you're spending on bank fees in a year. You may be surprised! Just think of what you could do with that money instead if you switched to a no-fee bank.

2020-01-17 14:00:00

222 How to Save $13,000 Per Month - Gordon Stein, Author of Cashflow Cookbook

I can’t believe we’re already celebrating Season 10 of the Mo’ Money Podcast, which is why to kick off this new season I wanted to share a special episode that will hopefully inspire and motivate you to take a good look at your spending and see how you can save some money with minimal effort. The perfect guest to talk about this with me is Gordon Stein, author of Cashflow Cookbook. In his book he shares 60 different ways you can save between $25 and $900 per month! If you add all of those ways up, you could save $13,000 per month total! You know the old adage “A penny saved is a penny earned”? Well, it’s true! If you can find a way to cut down on costs or save money on things you’re already spending money on, that means there’s more money leftover for you to put towards your emergency fund, a future vacation, or your retirement investments. And what’s great about Gordon’s book and the tips he shares in this episode is they are all fairly simple to implement and don’t require you to live like one of those people featured on TLC’s show “Extreme Cheapskates”. Because at the end of the day, you probably don’t want to live like an extreme cheapskate, and I sure don’t either. That kind of life, in my opinion, isn’t sustainable for the long-term. But the tips that Gordon shares are, and can save you a ton of money over the course of years and decades. Also, don’t forget, I’m giving away a copy of his book! To enter to win you just have to visit jessicamoorhouse.com/contests. For full episode show notes, visit https://jessicamoorhouse.com/222

2020-01-15 14:00:00

Big Announcement - Live Masterclass & Season 10 Start Date

I've got something very special to share with you that I needed to jump on here to tell you before the start of Season 10! I am launching my LIVE 6-Week Fix Your Finances Masterclass next week and registration is now open...but not for long. Registration closes on Tuesday, Jan. 14 and the masterclass officially starts on Wednesday, Jan. 15. To learn more and to sign up, visit https://jessicamoorhouse.com/fixyourfinances And if that's not exciting enough, Wednesday, Jan. 15 will be the day Season 10 drops. I'll also be doing something very special this season, but you'll just have to wait and see what that is!

2020-01-07 13:03:47

221 How to Be a Value Investor - Danielle Town, New York Times Bestselling Author of Invested

I can’t believe we’re already here but this is the last episode of 2019 and Season 9 of the Mo’ Money Podcast! And what better way to end it than with an episode all about value investing with New York Times bestselling author Danielle Town. Although I’ve done a ton of episodes on the podcast on investing, if you’re a long-time listener then you may have found that most of the guests I have on the show tend to say pretty much the same things: keep fees low, diversify and invest in low-cost index funds or index ETFs. Not Danielle! As a value investor following the path of Warren Buffet and Charlie Munger, she has an altogether different strategy for reaching financial indepence. Instead of buying investment products that replicate a broad market index, she believes in investing in just a few stocks strategically, buying low, holding on to them, then eventually selling them when they are priced high to earn a nice profit. There’s obviously quite a bit to know about value investing, and in my opinion, it is an advanced investment strategy that is not easily carried out. That being said, I find it incredibly fascinating and an important strategy to understand when learning about different ways to invest your money. I’m still a huge fan of indexing, but I’m not gonna lie, I’m definitely going to look more into doing some value investing for a small portion of my overall investment portfolio and see how things go. And luckily Danielle’s book breaks the strategy down in a very easy to understand way. For full episode show notes visit https://jessicamoorhouse.com/221

2019-12-18 14:00:00

220 The Life-Changing Reason You Need Emergency Savings - Sharon Epperson, Author & CNBC Senior Personal Finance Correspondent

When I heard Sharon Epperson, CNBC Senior Personal Finance Correspondent, speak at this year’s FinCon, I knew I needed to have her on the show. Her keynote about surviving a brain aneurysm and the importance of having the right insurance and emergency savings made the entire ballroom at the conference so quiet a pin could drop and you’d hear it. Not only that, my mentee who I was connected with as a speaker at the conference, stood up at her speech to share her own health emergency story that I had no idea about. Sharon’s story of why it’s so crucial we all slow down and take care of ourselves moved me, so I hope you feel the same way after listening to this episode. Below are links to some of the resources we mentioned in this episode, but if there’s one big takeaway I want you to leave with after listening it’s this: nothing is more important in this world than your well-being and health. And personal finance isn’t just about money. It’s about taking care of yourself first. So make sure that you take a look at how you’re covered and start making strides with fully funding your own emergency fund. Moreover, make sure to make a will and assign a Power of Attorney. Because no one can predict when they will experience their own health scare, like Sharon did. The only thing we can do right now is to make a plan for “if” and “when” something happens. For full episode show notes, visit https://jessicamoorhouse.com/220

2019-12-11 14:00:00

219 How to Tackle Debt & Better Understand Credit - Millennial Money Meetup #6 Live Recording

For my 6th Millennial Money Meetup that took place on Nov. 19, 2019, in Toronto, I was able to once again celebrate and promote Financial Literacy Month in Canada thanks to the help of event sponsor Capital One. For this meetup, I was joined by a panel of financial experts: money expert and financial journalist Rubina Ahmed-Haq, credit expert and author of The Credit Game Richard Moxley, and Patrick Ens, Head of Customer Acquisitions at Capital One. The theme for this event will be debt & credit, something we’ve all struggled with (or still are) and can learn more about. For full episode show notes visit https://jessicamoorhouse.com/219

2019-12-05 14:00:00

218 The Link Between Behaviour & Investing - Dr. Daniel Crosby, Author, Psychologist & Behavioural Finance Expert

Learning how to invest isn’t just figuring out the difference between stocks and bonds, choosing between being a passive or active investor, or deciding to hire an investment professional, going with a robo-advisor or doing DIY investing. Investing is so much more than that. Why? Because we’re humans, not robots or computers. Emotions and behaviour dictate so much about why the stock market goes up and down and what decisions we end of making. Which is why I’ve got Dr. Daniel Crosby on the show who recently authored the book The Behavioral Investor. In this episode we talk about what the 4 behavioural risks that crush your investment returns: Ego – We believe we are special and succumb to confirmation bias. Conversativsm – We like to stick to things we know and thus tend to hold on to losing positions. Attention – We pay too much attention stories put out by the media or our personal networks, and not enough to stats and simple math. Emotion – We tend to let our emotions control our decisions and ignore logic. We also discuss some helpful ways to combat these behaviours: Ego – Diversify, don’t fall into the trap of investing too much of your portfolio into your home country. Conservatism – Create a rule-based system for investing and stick to it. Attention – Stop listening to the noise and get focused. Sometimes the simplest solution is also the best solution. Emotion – Meditate and stop and think. Also having a barrier such as using dollar-cost averaging, automated contributions and working with an advisor could help so you don’t have too easy access to your money. There are many more gems in his book so make sure to buy a copy. Also, visit jessicamoorhouse.com/contests to enter to win a copy of his book too. For full episode show notes visit https://jessicamoorhouse.com/218

2019-12-04 14:00:00

217 What to Know About Health Care & Insurance - Camille Stewart, Vice President of Strategy and Digital Experience at Manulife

There’s a lot of information out there about health care in the U.S., but what about Canada? Is it actually free? What isn’t covered by our government? And does it make sense to get private health insurance? I sit down with Camille Stewart, Vice President of Strategy and Digital Experience at Manulife Canada, to discuss all of this and more. Camille became interested in working in insurance because of a personal family experience that she shares in this episode. Ever since then, she’s felt a deep passion for educating others about how to properly protect themselves in terms of their health. For more helpful resources on health care in Canada and health insurance in Canada, check out the show notes for this episode. Visit jessicamoorhouse.com/contests to enter to win a copy of one of the books featured on this season of the podcast! For full episode show notes visit https://jessicamoorhouse.com/217

2019-11-28 14:00:00

216 Understanding Financial Abuse - Jana Lynch, Financial Abuse Awareness Advocate

I’ve been following Jana Lynch for years ever since she was a fellow personal finance blogger (now she is an editor at DollarSprout). And although we’ve crossed paths a number of times at previous FinCons, this year we finally got to spend some time together and I couldn’t help but feel inspired by her knowledge and passion for educating others about financial abuse. I knew I needed to have her on the show to share what she knew because for whatever reason in my 200+ podcast episodes, not once have I interviewed anyone about the very important topic of financial abuse. But what is financial abuse exactly? According to the Canadian Bankers Association, “Financial abuse occurs when someone tries to take or control what belongs to you for their own benefit, not yours.” Or, as per VeryWellMind, “Financial abuse involves controlling a victim’s ability to acquire, use, and maintain financial resources.” In other words, financial abuse may be hard to see from the outside but it can be just as dangerous and damaging as physical or verbal abuse. I’m going to share some articles and resources in the show notes for after you’ve listened to this episode. If you or someone you know is experiencing financial abuse, just know that there is help and don’t be afraid to seek it. Visit jessicamoorhouse.com/contests to enter to win a copy of one of the books featured on this season of the podcast! For full episode show notes visit https://jessicamoorhouse.com/216

2019-11-27 14:00:00

215 How to Master Your Money - Sandy Yong, Author of The Money Master

I met Sandy Yong, author of the soon-to-be-released book The Money Master: Inside Secrets On How to Make Your Money Grow and Stay Safe, about a year ago at the 2018 Canadian Personal Finance Conference. She told me she was working on a book and I soon found out we had very similar personal finance journeys. Having been brought up in a very frugal family, and having finished her business degree during the Great Recession, Sandy worked hard to pay off her student loan and make her way in the corporate world. She soon realized that being frugal was only one part of mastering your money. You also needed to set financial goals, invest wisely and have a clear action plan for all your hard-earned money. That’s what led her to discover personal finance books which eventually inspired her to write her own book to reflect her journey and key things young Canadians should know about managing their money better. In this interview, we touch on what some of those key things are, such as the benefits to passive investing instead of investing in high-fee actively-managed mutual funds, while also discussing some new players in the finance world like investing in the cannabis industry, cryptocurrency and robo-advisors. Her book isn’t out yet, but you can pre-order your copy today. I’m also going to be giving away copies of her book when it’s out, so make sure to enter to win in my massive book giveaway! Visit jessicamoorhouse.com/contests to enter to win a copy of his book! For full episode show notes visit https://jessicamoorhouse.com/215

2019-11-20 14:00:00

214 How to Be Smart with Credit - Jay Acharya, Vice President of Card Partnerships & Customer Management at Capital One

This week is Credit Education Week, which is why I don’t just have one, but I’ve got two podcast episodes to share with you! Yesterday, I had Richard Moxley on the show to talk about how to win the credit game (or how to understand and be good at managing credit). For today’s episode, I’m talking to Jay Acharya, Vice President of Card Partnerships and Customer Management at Capital One, because Capital One is the sponsor of Credit Education Week, as well as my upcoming Millennial Money Meetup next week! Every year, there’s a different theme for Credit Education Week. Last year, as you may remember, I had Patrick Ens from Capital One to talk about the theme last year-money mindfulness. This year the theme is #MyMoneyVision, which just means on top of being mindful with your money, it’s important to have a vision for your money. Just like with anything in life, we won’t change any of our habits without a good reason for doing so. We won’t just start working out because we know we should for our health. We need a clear goal to work towards. I give presentations all the time about how to manage your money better, but I always try to emphasize that nothing I share about how to make a budget or how to pay off your debt will mean anything to you unless you set some strong financial goals. So I hope you take this opportunity during Credit Education Week to learn more about responsible credit use and to set some financial goals. It’s never to late and you don’t have to wait until the start of the next year. The best time to set a new goal is as soon as possible. Join the Conversation To see what other people are talking about for Credit Education Week, follow the hashtags #MyMoneyVision and #CEWC2019 Learn More About Credit Education Week To learn more about Credit Education Week, visit CEWC.ca and CreditCanada.com. To Check Your Credit Score for Free To check your TransUnion credit score for free through Capital One, visit their Credit Keeper page. Learn More About Capital One’s Cards As mentioned on the show, if you’re trying to improve your credit score but can’t get approved for a credit card, one route you can take is to get a guaranteed or secured credit card like Jay mentioned. You can take a look at Capital One’s various credit cards here. For full episode show notes visit https://jessicamoorhouse.com/214

2019-11-14 14:00:00

213 How to Play the Credit Game - Richard Moxley, Credit Expert & Author of The Credit Game

I think we can all agree, the world of credit and credit scores can sometimes feel like a bit of a mystery. That’s why I’ve got credit expert and author of The Credit Game Richard Moxley on the show to finally make sense of things for all of us. Now, part of the reason there’s a lot of mystery in the credit industry is because the two credit bureaus in Canada, Equifax and TransUnion, aren’t completely transparent and like to keep private a lot of information surrounding how they score consumers when it comes to credit. Luckily, Richard has taken it upon himself to try to find out some of their hidden secrets and test things out so he can help consumers like you and me, and of course share everything he knows in his latest book The Credit Game. For full episode show notes, visit https://jessicamoorhouse.com/213

2019-11-13 14:00:00

212 Money and Its Effect on Your Mental Health - Melanie Lockert, Author of Dear Debt & Founder of Lola Retreat

Money and mental health, have you ever wondered if there is a connection? Because there absolutely is. And surprisingly, even though this is something I’ve known for a while, and even experienced in my personal life, I’ve never had anyone on the podcast to talk about it with me. Luckily, I know people. Like Melanie Lockert, who was on episode 21 of the podcast all the way back in 2015. A lot has happened since we recorded that episode. She published a book called Dear Debt, moved from Portland to L.A., and founded a women’s financial literacy event called Lola Retreat. She’s also become very well known as not only a debt expert, but also a money and mental health advocate. And that’s what we’re talking about on the show, hopefully to shed some light on a topic not many people are talking about. If you or someone you know is struggling with financial issues, mental health issues, or both, here are some resources we mentioned on the show that you may want to look into for help: Crisis Text Line Open Path Collective The LifeLine Canada For full episode show notes visit https://jessicamoorhouse.com/212

2019-11-06 14:00:00

211 The New Rules of Couponing - Joanie Demer, Co-Founder of The Krazy Coupon Lady

Is couponing still as easy to save money doing as it used to be when people would go shopping with their big coupon binders à la Extreme Couponing? Yup, and honestly couponing is so much easier now than it used to be. That’s what Joanie Demer, co-founder of The Krazy Coupon Lady, explains in this episode of the Mo’ Money Podcast. Because so much has changed in the couponing world, if you really want to save on everyday purchases, you’ve got to learn about the new rules (and chuck out the old ones). Since we’re now living in a very digital world, that’s where you’d start. Sure, you can still get paper coupons and get some savings, but the time and effort may not be worth it. Instead, using apps and browser extensions at check out may be a better way to save money because, well, they take no time and little effort on your part. As mentioned in this episode, here are some ways to get started saving money through coupons and promo codes online: Honey Shopgatr Rakuten The Krazy Coupon Lady Ibotta SnipSnap Visit jessicamoorhouse.com/contests to enter to win a copy of a book featured on Season 9 of the podcast! For full episode show notes visit https://jessicamoorhouse.com/211

2019-10-30 13:00:00

210 How to Become a Master Networker - AJ Harbinger, CEO & Co-Founder at The Art of Charm

You may not know this about me, but I’m actually a huge introvert that used to be terrible at networking, or heck, even making new friends! I would get anxious, nervous and would never know how to start or end a conversation. But, I knew that networking and being a good conversationalist was a key component to advancing in life. Your network is your net worth as AJ Harbinger says, and since he’s the CEO and co-founder of The Art of Charm…he would know! In this episode, we dive deep into what we all should know about having the right social skills to help us advance in our social lives, relationships and of course career. I know for a fact that because I started practicing and just putting an effort into socializing more, that’s why I’ve now got a fairly large network of friends, acquaintances and work-related connections all over the world. If you know this is something that’s been holding you back from reaching your full potential, luckily this is a learned skill that anyone can master, and you can start today by listening to this episode and then binging The Art of Charm podcast as well. Visit jessicamoorhouse.com/contests to enter to win a copy of a book featured on Season 9 of the podcast! In-Person Bootcamps AJ mentioned on the show that he hosts personal bootcamps all over the world to help people level-up their social and networking skills. If this sounds up your alley, learn more at: https://theartofcharm.com/personal-bootcamp-2 Take the Social Skills Challenge Join over 50,000 others to learn how to make a great first impression, easily make new friends, and feel confident in any social situation! Sign up to take The Art of Charm’s fee 10-day social skills challenge. Learn more at: https://challenge.theartofcharm.com/begin For full episode show notes, visit: https://jessicamoorhouse.com/210

2019-10-23 13:00:00

209 What You Should Know About Self-Directed Investing - Bruno Sandre, Associate Vice President - Client Education at TD Direct Investing

Happy Investor Education Month! You may not have that’s what October is…but it is! And that’s why I am currently doing a 5-part video series on my YouTube channel as well as doing a bonus episode for the podcast. For this episode, I’m interviewing Bruno Sandre, Associate Vice President of Client Education at TD Direct Investing. As you can guess from his title, his role is all about improving the financial literacy of TD Direct Investing clients. He doesn’t sell any products, and actually TD Direct Investing can’t try to sway you to do anything when it comes to your investments because they are a discount brokerage. All a discount brokerage can do is provide the tools and platform you need to invest on your own. That being said, they can still provide free and unbiased education to clients, which they do in their Learning Centre which houses a bunch of video courses, masterclasses and webinars. So, since Bruno knows quite a bit about educating people about investing, I wanted to have him on the show to do a deep dive on the topic of DIY investing, also known as self-directed investing. Below are some links to videos, blog posts and the webinar that we mentioned in the episode. For full episode show notes visit https://jessicamoorhouse.com/209

2019-10-17 13:00:00

208 Victory Lap Retirement, A New Path to Financial Independence - Mike Drak, Author of Victory Lap Retirement

I read a lot of personal finance books. I also read a lot of niche books on retirement planning. And I’ve gotta say, most of them are so dry it takes me months to finish them. Not Victory Lap Retirement by Mike Drak though. I was given this book (the 1st edition) by Mike’s co-author Jonathan Chevreau at the Canadian Personal Finance Conference a few years ago, and even though it took me until last winter to finally read it…I loved it! I’d say the only other book that I whipped through in record time was Andrew Hallam’s Millionaire Teacher. So, once I finished reading it, on top of telling everyone I know to read it, I made a plan to get Mike on the show. And here is that episode! Mike Drak is a 38-year veteran of the financial services industry, so when he started his victory lap in 2014, he felt compelled to write a book about what he knew on the subject. That and he found that all the retirement books out there only talked about saving up enough for retirement, not what life in retirement actually meant. Something to get excited about too, his second book titled Retirement – Heaven or Hell? is coming out in 2020. Now, what I love most about Mike’s concept of victory lap retirement is that it’s a way to stop thinking of retirement as an end to something. I honestly dread the idea of retirement. It means you’re done with your career and are basically in the last phase of your life. I know many people think of retirement as one big vacation and what’s not to love about that, but for me it always fills me with dread and panic. I don’t want to just hang out with nothing to do and just watch the clock tick. I love working! I love having a purpose! I don’t want to retire! Mike agrees. We need to stop this idea of full-stop retirement and think of “retirement” as point in your life in which you’ve reached financial independence (you have enough money or assets to live on without working again) so you can do whatever you want with very little risk taken. It’s when you can start a second career, or just devote your time how you want, not how you have to because you need to earn money. For me, the concept of victory lap retirement fills me with hope, not dread. So if you ever feel a bit panicked when you start thinking about retirement, read this book (and obviously listen to this episode!). Visit jessicamoorhouse.com/contests to enter to win a copy of her book! For full episode show notes visit https://jessicamoorhouse.com/208

2019-10-16 23:36:28

207 Women, Money & Healthcare - Jean Chatzky, Author, Money Expert & Founder of HerMoney

I’m so excited to have the one-and-only Jean Chatzky on the show to talk about women, money and healthcare in the United States. In case you aren’t in the loop, Jean Chatzky is the founder of Her Money Media, an organization that strives to promote financial literacy amongst women. She is also an award-winning editor of NBC Today, and has appears on shows like Oprah, MSNBC, CNN, The View, The Talk just to name a few. She also has her own podcast called HerMoney with Jean Chatzky which has received shout outs from The New York Times, Yahoo Finance and Refinery29. If that wasn’t enough, she is also the best-selling author of 11 books, including her latest book (that I’m doing a book giveaway for) called Women with Money: The Judgement-Free Guide to Creating the Joyful, Less Stressed, Purposeful (and Yes, Rich) Life You Deserve. As you may expect, Jean and I chat about women and money in this episode, since that is a big focus in her writing and her podcast. We also discuss one very important topic that as a Canadian I find fascinating, healthcare in the U.S. I hear it pretty much every time I speak to one of my friends in the U.S.: healthcare costs can be very expensive in America! The system works very differently than in Canada, and although there is always talk about reform, if you’re American you need to figure how to navigate the system as it stands today. That’s why Jean is also an ambassador for HAS Awareness Day. We talk extensively about health savings accounts, something I’ll be honest I’ve never heard of. In Canada, there’s a thing called health spending accounts, but they are offered by companies or you can set one up if you are a business owner. In other words, they work very differently. We go fairly in-depth about HSAs in this episode, but since there’s quite a bit to know and they are a relatively new type of account, feel free to learn more at HSADay.com. Visit jessicamoorhouse.com/contests to enter to win a copy of her book! For full episode show notes visit https://jessicamoorhouse.com/207

2019-10-09 13:00:00

206 How to Talk to Your Parents About Money - Cameron Huddleston, Author of Mom & Dad, We Need to Talk

This episode is a must a listen because it’s about something we all need to think about. I’m talking about having that important yet awkward conversation with our parents about their financial situation. As we get older, it’s only natural for us to think about the future, and the future of our parents. Although they worry about us as their children, we also worry about them and want to make sure they’ve got everything organized and prepared too. But, we’re still their children, so it’s a weird path to navigate. We want to respect them, but we also want to protect them. Which is why I’ve got Cameron Huddleston on the show to share her insight into this topic. She is an award-winning journalist with more than 17 years of experience writing about personal finance and she also recently wrote the book Mom & Dad, We Need to Talk about this very subject. As she explains in our interview together, she had a personal experience with her mother that inspired her to write this book. Now, I hope her story inspires you…plus I’m also giving away a copy of her book! Visit https://jessicamoorhouse.com/contests to enter to win a copy of her book! For full episode show notes visit https://jessicamoorhouse.com/206

2019-10-02 13:00:00

205 Who Can You Trust? Financial Designations Explained - Matthew Siwiec, Founder of Friendly Financial Coach & CFP Candidate

I'm back! After taking some time off this summer, I am so excited to be back with Season 9 of the Mo' Money Podcast! With 4 years under my belt, I can't believe how much this podcast has evolved...and grown. Over the summer I crossed the 1 million download threshold, and currently I'm at 1.1 million total downloads! That's a ton of amazing people like you listening to the show, how crazy is that!? To kick off season 9 of the podcast, I thought this would be the perfect episode. One thing I hear often from listeners is "I want to work with a financial planner, but who can I trust or how can I find a good one?" If you've listened to several episodes of my show, I am not a fan of going to the bank and working with their advisors because they ARE NOT giving you unbiased advice. They work for the bank, and no matter how they are compensated (salary, commission, both), they are incentivized to sell their bank's financial products first, and advice second. That's why I'm such a big fan of fee-only financial planners. Although you do have to pay money upfront to work with them, and sometimes they can be expensive, they are UNBIASED because they do not work for a financial institution. They are being paid to advise you, and they shouldn't be pushing any particular financial products on you, nor should they be able to sell you anything besides their services. So, I knew the perfect guest for this episode, my friend Matthew Siwiec, founder of the Friendly Financial Coach. He just finished his CFP exam (which is no easy feat) but has been in the financial advisory industry for over a decade and now works as a fee-only financial planner. More Info About Financial Designations in Canada Financial designations explained by the Investment Funds Institute of Canada Understanding financial certifications by IIROC Financial designations explained by Advocis Financial designations explained by Canadian Securities Institute Info About Becoming a Financial Planner Path to become a Qualified Associate Financial Planner (QAFP) Path to become a Certified Financial Planner (CFP) Path to become a Personal Financial Planner (PFP) Info About Becoming a Financial Counsellor Path to become an Accredited Financial Counsellor Canada (AFCC) Follow Matthew Siwiec FFCoach.ca Simple Money Podcast Twitter: @F_FCoach Facebook: Friendly Financial Coach For for full episode show notes visit https://jessicamoorhouse.com/205

2019-09-25 13:00:00

204 Your Investing Questions Answered - Jessica Moorhouse

For my final episode of Season 8 of the Mo’ Money Podcast, I’ve got a solo episode for you, and it’s all about answering your investing questions. I get investing questions all the time at events I organize or speak at, via email or even through social media. So, since I just did my Level Up Your Moneyevent with Erin Lowry which included a Q&A (but wasn’t part of the recording we did), I thought I would do an episode focused solely on answering all your most pressing investing questions. Now, as a disclaimer, nothing in this episode should be considered financial or investing advice. Heck, nothing on this website or any content I create should be considered advice. It is simple information, facts and opinion. And when it comes to investing specifically, it’s hard to even give a straight answer. You may have noticed that in the panel discussion recording, and some attendees voiced their frustration. I totally get it, but unfortunately, there’s no such thing as one-size-fits-all investment advice or recommendations. We’re all at different stages in our lives, with different incomes, circumstances, goals and time horizons. It would be ridiculous to say “Do this and you’ll be fine.” And if someone does tell you that, remember, even if they are an investment advisor, that is their opinion on what they think you should do. Nothing is guaranteed when it comes to investing, and it’s not black and white. Paying Down Debt. vs. Investing: Which One Should You Do First? If you’ve got consumer debt (credit cards, line of credit, etc.), focus on paying that all off before investing because it’s unlikely you’ll be able to earn the same or higher interest on your investments that those debts are charging you. If you have student loans or other low-interest debt like a car loan or mortgage, I would say pay down debt and invest. The interest you’re paying is most likely below 5%, and 5% or higher is a very possible return you could make on your investments. Also, no matter what type of debt you have, make sure you have a fully funded Emergency Fund before you start investing. How Do You Know When You’re Ready to Start Investing? You’ve got to have that solid financial foundation first before you start investing. That means you have a budget, you’re tracking your spending and net worth regularly, you have a debt-repayment plan, you have a fully funded emergency fund, and have outlined all of your financial goals (short and long-term) first. How Much Money Do You Need to Start Investing? There’s no perfect number, but I say once you’ve got your financial foundation set, then work on saving up $1,000 as your initial contribution to your investment plan. I say $1,000 because most robo-advisors actually require that as a minimum initial contribution, and some discount brokerages have similar requirements. Is Wealthsimple a Good Robo-Advisor? I get this question a lot, and what I think the real question is is “What’s a good robo-advisor” or “What robo-advisor should I invest with?” Here’s the thing, I do personally like Wealthsimple. I invest with them and have for about 3 years and I like their platform, customer service, and have had an overall good experience with them. But I also invest with Justwealth, and similarly I have had an overall good experience with them too. Heck, I even invest with RBC InvestEase (though a very tiny portfolio with them since I mainly wanted to test them out since I worked with them on a campaign), and I actually really like their platform and customer service to. The reason so many people think of Wealthsimple first is because they are one of the biggest robo-advisors in Canada, they were one of the first, and they also hands-down do the most marketing. And let’s be honest, their branding is amazing. It’s millennial-focused, it’s beautiful and as someone who used to work in marketing, they are doing everything right. But, just because I choose to invest with Wealthsimple, or Justwealth, or RBC Investease, doesn’t mean you should. It’s not that easy. You need to do the work to see which one makes sense for you. You need to do your research on each company, the portfolios they offer, the fees they charge, the ease-of-use of their platforms, the quality of their customer service, to see which place makes the most sense to invest with. That’s what I did, and that’s what you as a responsible and smart investor need to do to. Where to start is by checking out my recommendations page that includes the full list of robo-advisors in Canada, plus two comparison sites that can help you see the difference between all of them (Hardbacon and Autoinvest). Real Estate Investing: What Do You Think? The home you live in is not an investment. It’s part of your net worth, but I wouldn’t consider it a real estate investment because you are living in it. This may be a controversial take, but that’s just my point of you. If you own real estate and rent it out, then yes that would be considered an investment. Now, if you are investing in real estate, you need to determine what portion of your overall investment portfolio is it? Typically, real estate is considered an “alternative investment”, because the traditional investment asset classes are cash, stocks and bonds. So, if real estate is an alternative, most investment experts suggest not to invest more than 5-10% of your portfolio in alternatives. All I want to really say is that if you choose to invest in real estate, don’t just invest in real estate. Invest in those traditional asset classes, invest in the stock market, make sure your portfolio is diversified. In other words, never put all of your eggs in one basket. If I Have a Work Pension, Do I Still Need to Invest on My Own for Retirement? Short answer, of course you do. Even though you have a pension, most likely it won’t be enough, in addition to getting your CPP and OAS payments, to cover your retirement income. To learn more about pensions, I highly suggest listening to episode 180 since it goes in-depth about retirement planning and pensions. How Much Do I Need to Save Up for Retirement? One million? Two million? Most people just want a straight up answer but it’s not as simple as that. First, you need to define what your retirement looks like, and then determine how much that will cost in today’s dollars on an annual basis. Then figure out how long you’ll most likely live in retirement. Then make the calculations that include an average inflation rate. Bam, you’ll get a number. The calculation itself is fairly simple, however that doesn’t mean that’s the exact amount of money you’ll need because it’s difficult to predict the future and your future needs. That’s why you need to constantly look at your financial plan and retirement plan every year and adjust when appropriate. I’d also like to recommend to amazing books on retirement income planning: Victory Lap Retirement by Mike Drak, Rob Morrison & Jonathan Chevreau Your Retirement Income Blueprint by Daryl Diamond Should I Participate in My Employer’s RRSP Program? If they match dollar-for-dollar to your contributions then yes. Even if they have you invested in high-fee actively-managed mutual funds, it’s still worth it because it’s free money from your employer. I Want to Start DIY Investing, How Do I Build My Portfolio? Quick answer, you can either look at model portfolios other investors or bloggers share (but please do your due diligence first), you can build your own by finding ETFs that match the benchmarks you want to replicate, or you can take a look at the portfolios offered by robo-advisors and just replicate their portfolios yourself. How Are My Investments Protected? Your investments aren’t protected through CDIC or when there are ups and downs in the market, but if you’re more concerned about your robo-advisor, investment firm or discount brokerage become insolvent and you losing your investments, you are protected under the Canadian Investor Protection Fund (CIPF). What’s the Difference Between Index Funds & Index-Based ETFs? I share way more about this in my investing course, but basically they are two different investment products. Index funds are a type of mutual funds that track the broad market index, and index-based ETFs are more similar to a stock but they also track the movements of the broad market index. So they are similar, but not the same. Also ETFs are typically cheaper. Should I Invest the Money I’m Saving for a Down-Payment on a House? In general, no. You should keep it liquid in cash if you plan on buying a place in the near future (so stash it in a high-interest savings account). But, if you do want to invest, invest in something conservative like GICs or a balanced portfolio with a good portion invested in fixed income. For full episode show notes visit https://jessicamoorhouse.com/204

2019-06-06 13:00:00

203 Solutions for Your Student Debt - David Carlson, Author & Founder of Young Adult Money

For the last interview episode of Season 8, I talk with David Carlson, the founder of Young Adult Money, and the author of Student Debt Solutions. And his book and student debt (and finding solutions to paying it down) are exactly what we chat about in this interview. This is pretty timely too since many students are graduating university with student debt and don’t know where to start in paying it back. If you are a student and are in this situation, just remember you are not alone. So many other new post-grads are in the same exact situation, but that doesn’t mean you shouldn’t take them seriously. The sooner you start paying them back, the sooner you’ll be debt free and can allocate that money towards something much more fun like traveling, buying a home or investing. If you know of a new post-grad freaking out because they’ve got a five or six figure student debt burden looming over them, share this episode with them! Where to Start with Student Debt Student debt is the ultimate obstacle to overcome, but it’s not as easy as just saying “Make more money and you’ll pay it off quicker.” Like David did, earning more money is of course a good solution. He started a side hustle on top of his day job which helped him pay off his student loans quicker. But that’s not the only thing you need to do. You need to make a financial plan starting with crafting a budget and saving up for an emergency fund. The emergency fund is crucial as it will help prevent you from getting into more debt. For full episode show notes visit https://jessicamoorhouse.com/203

2019-06-05 13:00:00

202 Why You Need to Make a Will - Erin Bury, CEO & Co-Founder of Willful

For this bonus episode of the podcast, I interview Erin Bury, who you may remember from episode 70 of the show. Back then, in 2016, she was the Managing Director at 88 Creative. She’s since switched paths and co-founded the online will-making software Willful with her husband and has recently become the company’s CEO. Since making a will is a very important element in having a complete financial plan, I wanted to have her on the show to shed some light about what the process looks like. I hope this episode inspires you to get a will if you don’t have one too! For full episode show notes, visit https://jessicamoorhouse.com/202

2019-05-30 21:54:49

201 How to Become Your Best Self - Mike Bayer, NYT Bestselling Author & Life Coach

There’s no point in talking about investing strategies or tips on how to stick to a budget if you don’t like who you are or the direction your life is going in, am I right? Personal finance is important, but being your authentic self and striving to be your best self is something I personally believe you need to work on first, otherwise you won’t have a strong enough reason to be smart and responsible with your money. And that’s why I’ve got Mike Bayer a.k.a. Coach Mike on the podcast. He just came out with his New York Times best-selling book Best Self: Be You Only Better, and you may recognize him from his frequent guest spots on the Dr. Phil show. He joins me to talk about how we can all choose now to take action, start living more authentic lives and moving forward to fulfilling our full potential. For full episode show notest visit https://jessicamoorhouse.com/201

2019-05-29 13:00:00

200 Why You Need to Show Up for Yourself - Natasha Koifman, President of NKPR

If you’re looking for some motivation to set your goals and actually do something about them, then this episode is for you! I interview Natasha Koifman, founder and president of NKPR, one of North America’s top PR and marketing companies, about how she was able to go from young single mom to one of Canada’s most powerful and innovative women. For this episode, we talk about what it means to show up for yourself (and others) and why it’s so important. What it really means, to break it down, is to put yourself forward and not be afraid to take risks or try new things. You only have one life to live, so get out there, take action and achieve your potential! Being Introverted Shouldn’t Stop You from Reaching Your Goals One thing I’ve been noticing lately is a lot of successful entrepreneurs and celebrities even are coming out and sharing that they are introverts. I find that so fascinating because I used to think that introverts were shy and hated things like networking and public speaking. Nope! That is not the case at all. Being an introvert just means that after you do something that involves a lot of socializing, you need some time alone to recharge. This is something I can 100% attest to as an introvert myself. After an event, I need a good couple of days to recharge on my own. The same thing goes with Natasha, who is a master networker. So, there you have it. Being an introvert can no longer be an excuse for not putting yourself out there. You just need to push past that feeling of not wanting to go out or socialize and do it anyway. You’ll thank yourself later for doing it. Say Yes When You Don’t Want To Natasha shares a great story about how she gets this amazing opportunity to run this event in a very short timeframe. She really wanted to say no because she wasn’t sure if she could pull it off, but she also knew herself and said yes to it anyway. Thankfully she did, it was a success, and that client became one of her main clients when she started her own business. I do this all the time to. Sometimes when I land a big opportunity, I freak out and don’t think I can I do it. Listen, this is a good thing. If you’re not terrified of doing something outside of your comfort zone, then you’re not pushing yourself enough. So, I do the same thing and it’s worked really well for me in so many situations. If you get an opportunity to take on more responsibility or try something new, do it anyway! You’re more capable than you think. The Right Way to Network with People You Look Up Networking isn’t getting rid of your stack of business cards at an event or asking someone to chat further over a coffee. It’s about developing a true connection with someone and being respectful of their time. If you want to reach out to someone you think you can learn from, do it the right way. Be proactive about reaching out to them, follow up if they don’t respond (remember, their busy not just ignoring you), and be clear about what you would like from them. And if I can’t say this enough, stop asking people to “Pick their brain”, “Collaborate” or “Chat over coffee.” If you want to chat with them, ask to drop by their office, or talk over the phone or Skype for 15 minutes. For full episode show notes visit https://jessicamoorhouse.com/200

2019-05-22 13:00:00

199 How to Level Up Your Money - Jessica Moorhouse, Erin Lowry, Barry Choi & Diana Stoparic

Last Tuesday, I had the pleasure of joining forces with Erin Lowry (author Broke Millennial and Broke Millennial Takes on Investing) in Toronto for a special event we called Level Up Your Money! It was a sold-out event sponsored by TD Direct Investing and was all about how to inspire and educate millennials about how to get started with investing. We were joined by money expert Barry Choi and TD Direct Investing Education Facilitator Diana Stoparic for a panel discussion on the key things we all need to know about getting started with investing. Here is the live recording of our panel discussion, and as promised in this episode I’ll be doing another episode with the Q&A! For full episode show notes visit https://jessicamoorhouse.com/199

2019-05-16 13:30:00

198 A Beginner's Guide to Investing - Erin Lowry, Author of Broke Millennial Takes on Investing

It’s been a few years since I first had Erin Lowry on the show to talk about her first book Broke Millennial (that’s episode 109 if you want to listen), and she’s back with a brand new book called Broke Millennial Takes on Investing! She’s still on her book tour, but we recently teamed up to co-organize our Level Up Your Money Torontoevent last week, and while she was in town I got to do an in-person interview for this episode of the podcast. Since her new book is about investing, but specifically a guide for beginner/millennial investors, that’s what we talk about in-depth in this episode. As we shared, we often get asked investing book recommendations, and there isn’t a whole lot out there as a good starter book. You can find some of mine on my recommendations page, but still many of those books can seem too advanced and thus do more harm than good. Investing shouldn’t feel intimidating or scary, and the only way to feel more comfortable with investing is to educate yourself. It took me several years to feel confident even having certain guests on the show because I was afraid I’d say something wrong or use the wrong term. Here’s the thing, investing is simple. But it can also be as complex as you want it to be. The key thing is to start by learning the foundations, then continue educate yourself by learning more advanced topics in investing. And as a little self-promo, that’s literally why I created my Investing Foundations for Canadians course. It’s the perfect place to start to build that foundation and grow from there. Fiduciaries in Canada This was a topic we touched on and there’s so much confusion about fiduciary duty in Canada. If you pick up any American investing book, it’ll tell you to make sure you work with a fiduciary to get unbiased advice. In Canada, we don’t have the same regulations. Here are some articles that go more in-depth: Are You a Fiduciary – Wealth Professional Canada What Is a Fiduciary Standard? – PWL Capital Fiduciary Duties and Financial Advisors Different Ways to Invest in Canada Another thing that’s important to make clear is although there are a lot of similarities between Canada and the U.S. in terms of investing, there are some differences too. In Canada, there are three different ways to invest: work with an advisor through an investment firm or financial institution, use a robo-advisor, or go self-directed (DIY) using a discount brokerage. The biggest difference between Canada and the U.S. is of course the different regulations of our advisors, but also how our robo-advisors work. For all robo-advisors in Canada, there is always an investment professional behind the scenes. It’s not just an algorithm, there are people monitoring portfolios, rebalancing, and giving advice to clients.

2019-05-15 13:00:00

197 The Leverage Equation to Reach Financial Independence - Todd Tresidder, Author & Founder of FinancialMentor.com

I love having repeat guests on the show, especially when it's been years since their last interview with me. For this episode, I have FinancialMentor.com founder and author Todd Tresidder back on the show to talk about his new book The Leverage Equation. If you're a longtime listener, you'll remember him from episode 46 where we talked about his journey of reaching financial independence at 35. For this episode, we talk more about the topics he discusses in his book, namely how to reach financial independence by using leverage. So, what is leverage? It's not a negative word at all! It actually means using different processes and strategies to reach your goals. For instance, we talk a lot about how many investment experts will share how passive investing is the way to go. And although Todd agrees this strategy has merit, he doesn't believe can reach millionaire status quickly by doing this alone. In order to reach financial independence at an early age, you need to take advantage of other asset classes besides stocks and bonds, such as real estate and entrepreneurship. To learn more, grab a copy of his new book The Leverage Equation! Todd's Relevant Blog Posts You May Want to Read What Is a Good Investment Reduce Your Risk by Increasing Leverage – 5 Uncommon Strategies Leverage – How To Fast-Track Your Financial Goals Check Out Todd's Courses Todd has a whole series of courses on different aspects of investing. Click here to check out all 7 courses about how to reach seven figures in seven steps! Grab Copies of Todd's Books The Leverage Equation: How to Work Less, Make More, and Cut 30 Years Off Your Retirement Plan The 4% Rule and Safe Withdrawal Rates In Retirement Variable Annuity Pros & Cons Investment Fraud: How Financial “Experts” Rip You Off And What To Do About It Don’t Hire a Financial Coach! (Until You Read This Book) How Much Money Do I Need to Retire? Follow Todd Tresidder FinancialMentor.com Podcast: The Financial Mentor Twitter: @financialmentor Facebook: Financial Mentor YouTube: Financial Mentor For full episode show notes, visit https://jessicamoorhouse.com/197

2019-05-08 13:00:00

196 Looking at the "Why" of Financial Independence - Grant Sabatier, Author of Financial Freedom

What was going to be an interview about how Grant Sabatier, blogger at Millennial Money and new author of Financial Freedom, was able to become a million in only 5 years, sure turned into something quite different! Maybe it’s because I’ve interviewed so many guests on the show about how they’ve reached millionaire status at such a young age, or because Grant majored in Philosophy, but in this episode we dive deep and talk about the “Why” behind wanting to reach financial independence. For Grant, saving up a million dollars meant freedom. All he wanted was freedom. He wanted to be able to dictate his own schedule and essentially not be forced to make life decisions based on the balance in his bank account. I know many other people working towards F.I.R.E. also seek freedom, but for others it’s security or a way of laying a foundation to take more calculated risks in life. What I’d suggest after listening to this episode is to define your financial independence “Why”. So many people think the goal is to become a millionaire, but money is just a tool at the end of the day. There are plenty of examples of unhappy and unfulfilled millionaires out there, just take a look. You need to find your “Why” or your purpose first, and then determine how much you need to save to get there. Then, you need to figure out the “How”, which you can do by grabbing a copy of Grant’s book. For full episode show notes, visit https://jessicamoorhouse.com/196

2019-05-01 13:00:00

195 Empowered Entrepreneurs Empower Entrepreneurs - Devon Fiddler, Founder of SheNative

For this episode of the podcast, I have Devon Fiddler, founder of SheNative, with me to talk about her journey into entrepreneurship and she not only hopes to grow her business, but to empower more indigenous women to become entrepreneurs too. Devon founded SheNative in 2014, and since then has received numerous awards such as the 2015 CBC Future 40 Under 40 designation, 2015 Start-up Canada Young Entrepreneur of the Year Award, the 2016 YWCA Women of Distinction Award Under 29 category and is a top 5 SheEO Venture of 2016. After experiencing her own personal struggles, and seeing other issues in the indigenous community, after graduating with her B.A. in Aboriginal Public Administration from the University of Saskatchewan, Devon started her own business as a way to empower herself and other indigenous women too. Every person in her company is from the indigenous community, and the products she creates also promote messaging of positivity, confidence and pride in the community. To learn more about SheNative and to support Devon’s business, visit SheNative.com. For full episode show notes, visit https://jessicamoorhouse.com/195

2019-04-25 13:00:00

194 Millennial Retirement Planning: How to Save Enough - Ron Haik, Financial Planner at Nicola Wealth

A topic that I think we millennials all need to focus more on is retirement planning. And the reason I think so is because traditionally retirement planning seemed like something for older generations, and what us younger generations needed to focus on was debt-repayment and homeownership. Listen, I know us millennials have a lot going on, but NOW is the time to start planning for retirement, not when we’re nearing it. That’s why I have Ron Haik, Senior Financial Planner & Regional Manager, Ontario at Nicola Wealth on the show to talk all about how to plan for retirement in Canada and as a millennial. Here are some things we discussed. Where Do You Even Start? A common question I get, because planning for retirement either seems too simple or too complicated. Where you start is determining what your retirement will look like. Everyone’s retirement is different, but essentially you need to answer what kind of life do you want to lead after you’ve finished your full-time career. Retirement may still include working, or maybe you want to volunteer, travel the world, or help raise your grandkids. Whatever it is, write it down then figure out how much in today’s dollars you’ll need as an annual income in order to afford that life. TFSAs Don’t Get Enough Attention For years, RRSPs were given all the attention. Although they are great vehicles for housing your investments for retirement, TFSAs are great too. They may even be better depending on your situation. You see, with RRSPs, you get that wonderful tax deduction that lowers you tax bill while allowing your money to grow tax free. But, once you withdraw funds from your RRSP, that’s when you’ve got to pay tax on that money. That also means you need make sure you’ve included income tax in your retirement budget. With a TFSA, you don’t get a tax deduction when you contribute, but when you withdraw those funds, you don’t have to pay tax either. Things to think about when considering what account type to put your investments into. Real Estate Investing Is Great, But Diversification Is Better I recently did a talk on investing for a retreat, and many people there voiced how they were more comfortable with real estate investing because it made more sense to them. You were investing in something tangible and they could wrap their heads around the concept better. Real estate investing is great, but you should never put your eggs in one basket. Real estate should be a portion of your overall retirement portfolio, not the entire thing. Don’t Set and Forget Your Retirement Plan Once you’ve built a retirement plan, it’s not something you just put somewhere to gather dust. Your life and goals change, and so will your retirement plan with them. Make sure to revisit your retirement plan every 6 to 12 months. For full episode show notes visit https://jessicamoorhouse.com/194

2019-04-24 13:00:00

193 Startup Money Made Easy - Maria Aspan, Editor-at-Large at Inc. Magazine

For anyone interested in startups or starting their own business (no matter how big or small), I’ve got an episode for you! For this episode of the Mo’ Money Podcast, I’m joined by Maria Aspan, the editor-at-large of Inc. Magazine and the author of the new book Startup Money Made Easy. Maria has a unique perspective on entrepreneurship because she isn’t sharing her own entrepreneurial journey. She’s sharing what she’s learned by interviewing hundreds of entrepreneurs about their journeys. And what’s really interesting is they all have very different journeys. Sure, they are some similarities and patterns, but in general no story is alike. That’s why there can never be a one-size-fits-all guide to entrepreneurial success. What may skyrocket one person’s business may be the downfall for someone else. In her book, she dives deep about the financial aspects of starting a business, and here are some key things she shared in this episode. Never Invest More Than You’re Willing to Lose You hear stories all the time about how someone racked up a bunch of debt to get their business started…and it paid off big time and they’re now a millionaire! You don’t often hear the stories of all the people who racked up a bunch of debt and had a business that flopped. We hear a lot of success stories, and maybe not enough failure stories. When it comes to starting a business and finding that initial financing, use the same logic as investing your money for a big goal like retirement – never invest more than you’re willing to lose. Make Mistakes Is Inevitable, Make Sure to Learn from Them Maria mentioned that Serena Williams, famous tennis player and entrepreneur, once said that in business everyone makes mistakes. What you need to be prepared for is being open to learning from those mistakes. Usually when we make mistakes, we want to brush them under the rug, not talk about them, just move forward and forget about it. But mistakes are amazing learning tools! I’ve learned amazing things from my mistakes and failures! It’s not easy. It will definitely bruise your ego a bit. But you need to remember that success is a long-game. If you want to eventually reach your goals, you need to learn from each one of your mistakes and change your behaviours and actions accordingly. Don’t Jump In, Make a Business Plan I see so many people out there get caught up in the idea that they can start a blog, start posting on Instagram, sell an online course, make a fashion line, etc… and start making money right away. That’s no reality. The people who are telling you that you can make money blogging, Instagramming, selling courses, or selling your own clothing designs, they may have neglected to tell you that there’s no such thing as an overnight success. It takes time, hard work, and most importantly a solid plan! Don’t ever think you can just quit your day job and figure it out. Figure it out while still working your day job. Start learning what you don’t know about running a business, and make a business plan you feel good about. For full episode show notes visit https://jessicamoorhouse.com/193

2019-04-17 13:03:43

192 Planning for a Successful Retirement - Larry Swedroe, Author & Director of Research for Buckingham Strategic Wealth

I don’t know why exactly, but lately I’ve been hearing from my millennial clients their big concern about not being able to afford retirement. I’m talking 20 and 30 years olds freaking out because they have no idea how they’ll ever be able to save up $1 million (or most likely more) for retirement, plus pay of their student loans, buy a home, start a family, and just simply live! So, I thought I would bring on a retirement expert who can shed some light on the most important things we all need to know about retirement. My guest for this episode is Larry Swedroe, the author of Your Complete Guide to a Successful and Secure Retirement, as well as the director of research for Buckingham Strategic Wealth and the BAM Alliance. Here are a few things we discussed in this episode. What People Forgot to Plan – What to Do in Retirement Most people focus on the money part. How much do I need? How should I invest to reach that number? Will it be enough? But really, you should start by outlining what you want to do when you’re actually retired. How do you want to fill your days? What’s your exit strategy from the workforce? Are you going to do a full-stop retirement or ease into retirement by going part-time or consult? Before testing out any retirement calculator, define what your retirement will look like first. Planning to Live Longer Than 20 Years in Retirement Another concern I often hear is that we’re all living longer. Many of us will live until 100! So if we retire at 65 and live until 100, that’s 35 years of retirement we need to prepare to have income for. That might make your palms sweaty, but it’s actually fairly simple math to figure out how to afford a long retirement. Larry suggests taking the number of years you plan on being retired for and multiplying it by the gross annual income you’ll need to live off of in retirement. Then, figure out how inflation will come into play, and that’s your number! How to Be a Savvy Investor Larry shared some amazing pieces of wisdom when I asked him about how we all can be savvy investors. Here are his top tips: Make sure you’re only spending money on things that are important to you. Save as early and as often as possible. Make your savings automatic through auto-debits and auto-withdrawals to your savings and investment accounts. Read the book Nudge: Improving Decisions About Health, Wealth, and Happiness by Richard H. Thaler & Cass R. Sunstein to learn how to nudge yourself into doing the right things Invest in low cost Index funds or index ETFs Avoid investment products sold by insurance companies and Wall Street investment brokers as they’ll be more expensive and most likely won’t outperform index funds. Don’t work with any financial profession who earns a commission when working with you. Diversify your portfolio to include more foreign equities and fixed income. Don’t focus solely on domestic stocks and bonds (just Google what happened in Japan). Don’t mistake the home you live in for a real estate investment. If you live in it, it’s not an investment. Once you sell it, it is. Be careful with real estate investing (just look at what happened and is happening in the U.S.) For full episod show notes, visit https://jessicamoorhouse.com/192

2019-04-10 13:00:00

191 Women, Money & Financial Success - Robin Taub, CPA, Speaker & Author

If you’re a long-time listener of the Mo’ Money Podcast, you’ll remember when I had Robin Taub on for episode 32 to talk about her book A Parent’s Guide to Raising Money Smart Kids. Well, that was a few years ago now so I thought it was time to have her back on the show, but to talk about something very different. As I mentioned at the beginning of the show, we bumped into each other at Melissa Leong’s book launch for Happy Go Money and started talking about the different ways both genders think, talk and manage money. It’s a subject that Robin has been researching quite a bit lately, and one that I thought would make for a great conversation on the podcast since gender roles is a fairly hot topic right. As humans, we all deal with money differently from one another. As the saying goes, personal finance is personal so there’s really no such thing as a one-size-fits-all financial solution. But, not only do we deal with money different as individuals, there’s a lot of research to indicate striking differences between how men and women handle money. Here’s one of the studies that Robin mentions in the podcast by CPA Canada: The impact of personality traits: a fresh look at gender differences in financial literacy What much of the research shows is that women tend to be more risk averse or risk conscious, we struggle with financial confidence, and we tend to be better investors than men. We chat about all this and more in the episode, so enjoy! For full episode show notes visit https://jessicamoorhouse.com/191

2019-04-03 13:08:12

190 The Latte Factor (What It Really Means) - John David Mann, Best-Selling Author of The Go-Giver, The Red Circle & The Latte Factor

This is by far one of my favourite interviews on the podcast…ever! For this episode, I chat with John David Mann, and award-winning author whose books have sold more than 3 million copies, including titles such as The Go-Giver with Bob Burg and the New York Times bestseller The Red Circlewith Brandon Webb. For his latest book The Latte Factor, which he co-authored with best-selling author and OG personal finance expert David Bach, they discuss the term that Bach coined several years ago in his popular book The Automatic Millionaire. You see, even though pretty much everyone has heard of “the latte factor,” most people don’t really know what it means. Surprisingly, it doesn’t mean you should ditch your morning coffee to save money. It’s actually bigger than that. It’s less about coffee and more about how we all need to spend our money more in line with our values, and how little bits of money over-time can have a major impact on our financial futures. What I loved most about this book is that it’s a very short read (you can read it in a day), and it’s not a typical how-to book and written in a narrative style. Similar to how David Chilton’s structured The Wealthy Barber, this book has central characters we follow along so we can learn the same lesson they’re learning and can identify with their struggles too. I 100% could relate to the central character, a 20-something city-living millennial who feels like no matter how much they earn, they still never have enough. Who hasn’t felt like that at some point in their life? But, she learns that it’s not necessarily how much you earn that’s the problem. It’s what you do with what you earn now that is most important. And yes I know, earning more can sometimes be a solution, but from working with so many clients now, I can tell you that cash flow usually isn’t the problem. The problem is not understanding what they are spending their money on. The problem is not having clear financial goals to work towards. The problem is not having the financial literacy necessary to make solid and confident financial decisions moving forward. The book isn’t out quite yet (it comes out May 7), but you can pre-order now and you enter to win a free copy by visit the show notes. For full show notes, visit https://jessicamoorhouse.com/190

2019-03-27 23:34:51

189 Credit Card Reward & Travel Tips for Canadians - Barry Choi, Personal Finance & Travel Expert

Can you believe it’s been almost 4 years since Barry Choi from Money We Have on the show? We’ve been friends for years now, and he was guest number 7! Since so much has happened in our lives since that interview, I needed to have him back on the show now that he works full-time for himself as a personal finance & travel expert. As I mentioned at the beginning of this episode, I’ve done a few unofficial meetups with podcast listeners the past few months, and the feedback I got was to have someone on the show to talk about credit card reward programs and travel tips specifically for Canadians. Well, of course I thought of Barry who is always in the news or on TV sharing his wisdom on how to get the most value out of your credit cards and how to travel on a budget without it feeling like you’re doing budget travel. Here are some great tips and resources he shared on the show. Include Travel in Your Budget If travel is one of your big values in life (it is for me!), then you need to add it as a line item in your budget. Don’t just book a trip and figure out how to pay for it later. Research where you want to go, price out the cost, then start putting away amounts every month until you can afford it. It’s what both Barry and I do, and honestly it’s the only way to afford travel without getting into debt. For me, I put away money every month for trips I take with my husband and trips I do on my own (usually work-related like conferences or retreats). In terms of how much to save, it depends on where you plan on going. As long as you’re saving a good amount for your emergency fund, retirement and your other financial goals, it’s up to you how much to save for travel. Use Deal Sites to Save Big I’ve used deal sites for years, like Kayak, Booking.com, Expedia, Trivago (you get the picture), and to me it’s the best way to get the best price for flights, car rentals and accommodation. Yes, it can take some time and effort to really figure out the best time, place and dates to travel, but it’s worth it if you can save hundreds if not thousands of dollars! Just think, that savings can be used for excursions, food or shopping to make your trip even better! Travel in the Off-Season You’ve heard this tip before, but it’s true. If you want to save big, travel during that location’s off-season. I’m so used to doing this, I don’t even know what it’s like to go somewhere during the on-season. And I don’t want to! It’s actually really nice to avoid the hordes of tourists, even if it means going somewhere during spring or fall. Best No-fee Credit Cards Here are Barry’s picks for the best no-fee credit cards in Canada. Just remember, even though it’s no fun paying an annual fee for a credit card, you usually get better benefits with those cards than no-fee cards. American Express SimplyCash Preferred Card Rogers World Elite Mastercard Tangerine Money-Back Card For full episode show notes, visit https://jessicamoorhouse.com/189

2019-03-20 13:00:00

188 How to Get Rich by 30 - Lesley-Anne Scorgie, Author & Personal Finance Expert

It was one fateful day when a 17-year-old Lesley-Anne Scorgie went viral because of her financial acumen. Not only did she get featured in newspapers across Canada, she also landed a spot on the Oprah Winfrey show because she aspired to become a millionaire by 25 and was well on her way to reaching that goal. As Lesley-Anne says in our interview together, the Oprah effect is real and her short segment on the show catapulted her career into one Canada’s top money experts today, with four books under her belt, regular TV appearances and speaking gigs. Not only that, she launched her own money coaching business called MeVest, and focuses on teaching others how they can take control of their financial future like she did. In this episode, we discuss what inspired her to get into personal finance at such a young age, what she learned from striving towards an aggressive goal in her 20s (spoiler, she wishes she enjoyed her 20s a bit more), and what some of the most common concerns and struggles her money coaching clients have. Grab Copies of Lesley-Anne’s Books Rich by Thirty: Your Guide to Financial Success Rich by Forty: A Young Couple’s Guide to Building Net Worth Well-Heeled: The Smart Girl’s Guide to Getting Rich The Modern Couple’s Money Guide: 7 Smart Steps to Building Wealth Together For full episode show notes, visit https://jessicamoorhouse.com/188

2019-03-13 13:00:00

187 How Your Money Is Protected at the Bank - Brad Evenson, Director of Communications at CDIC

Have you ever heard from someone that if a bank fails (goes bankrupt), you’ll lose all the money you had their? Because that is 100% false! You see, there’s a little thing called the Canada Deposit Insurance Corporation (CDIC) and Brad Evenson, the Director of Communications and Public Affairs of CDIC joins me for this bonus podcast episode to discuss in-depth how all Canadians are protected. For full episode show notes, visit https://jessicamoorhouse.com/187

2019-03-08 03:28:05

186 Starting a Successful Business with Little to No Money - Nathan Latka, Entrepreneur & Author of How to Be a Capitalist Without Any Capital

For this episode of the show, I interview young entrepreneur Nathan Latka who has released his first book (like…today!). It’s called How to Be a Capitalist Without Any Capital, and it’s his guidebook on how to successfully start a business or side hustle without that much money at the beginning. You see, Nathan has a pretty interesting story. He basically realized that because of the Internet and social media, the possibilities and opportunities for making money were limitless. He’s started many businesses himself, his first being one where he built and sold Facebook pages (back when you could add apps and widgets to Facebook pages). The reason I wanted Nathan on the show was to talk about a very important, though sometimes overlooked, topic of personal finance — making money. So many personal finance books (or experts) give advice assuming you’re an employee at a company and you’re limited by your salary. Well, that doesn’t have to be the case if you don’t want it to be. Just take my personal finance journey. I worked numerous 9 to 5 jobs since graduating university, but I always had a second job or side hustle to earn more to I keep reach my financial goals sooner. And at that time, none of my friends or family were doing it. Luckily, I was inspired by other people in the personal finance community who were doing the same thing, so I followed suit. Now, so many of those people who thought I was crazy for working more than one job have started side hustles themselves. And that’s what I hope this episode (and Nathan’s book) help you with. Hearing that you don’t have to start out rich to become rich, you don’t have to be a born entrepreneur to start your own business or side hustle, and essentially your past should not define your future. Another thing I really want to press is that money should never be the end goal. Building wealth isn’t solution, it’s the journey. The solution or reason you’re building wealth is so you can live a life that is meaningful to you. For me, I work hard to earn my living so I can afford to travel, have more spare time to fly back to Vancouver to visit family and friends, and sometimes just have the flexibility to take a Thursday afternoon off to read a good book when it’s snowing outside. Why do you want to build wealth? Really define that, then check out this interview or Nathan’s book for some guidance on how to go about making that a reality. Grab a Copy of Nathan’s Book As Nathan mentions in the podcast, his book wasn’t meant to be an evergreen book you can pick up in 20 years and it still be relevant. The business and digital marketing are evolving so quickly these days, his advice may not work even in a few years from now. So, if you want to learn what’s worked for him recently, grab a copy of his book, read it and take action NOW! For full episode show notes visit https://jessicamoorhouse.com/186

2019-03-06 14:00:00

185 How to Make Work Optional - Tanja Hester, Author of Work Option & Blogger at Our Next Life

I had Tanja Hester from Our Next Life on the show back in November 2017 for episode 133. Back then, Tanja was still an anonymous blogger who hadn’t yet quit her job yet to retire early with her husband. Well, a few months after we recorded that episode she left her job and has been officially retired ever since! Not only that, she finally revealed her full name on her blog and the news literally went viral, being picked up by MarketWatch. Because of this, Tanja has had a very busy retired life, that includes doing speaking, writing for MarketWatch, and of course publishing her first book Work Optional: Retire Early the Non-Penny-Pinching Way. Since so much has happened with Tanja since that first episode, I wanted to have her back on the show to talk more about what life is like in early retirement, and how you can strategize to retire early too! Retiring Early Isn’t About Opting Out Planning to retire early doesn’t start with the number crunching (or at least it shouldn’t). You need to figure out the “Why” before the “How”. Most people just think retiring early is a way they can finally opt-out of working, or subtract something from their life. Instead, you should think about it as a way to add more to your life. As we discuss in this episode, most early retirees aren’t just chilling on a beach reading. That’s nice for a vacation, but that can get boring quick if it’s your every day. Instead, think about what things you want to do now that you don’t have to focus all your time and energy on earning an income. Maybe it’s volunteering. Maybe it’s starting some new hobbies. Maybe it’s writing a book like Tanja. No matter what it is, retiring early isn’t about opting out of work, it’s about opting into a life that’s more fulfilling and meaningful to you. You Can Continue to Earn Money in Retirement Another thing we discuss is the idea that by retiring, that doesn’t mean you have to stop earning money…or working for that matter. Early retirement or financial independence means you don’t have to work to earn an income anymore. But, that doesn’t mean you can’t if you want to. From talking to so many early retirees on the podcast and in real life, all of them are working in some way. Usually not full-time, but they are definitely staying active and contributing to society in some way. And yes, this means they earn money. Earning money doesn’t negate the fact that they are financially independent or retired. It just means they have extra fun money to play with. Follow Your Own Path I see and hear so many conversations about F.I.R.E. (financial independence, retire early), most of which are negative. Many people believe it’s a dangerous idea because most people will either run out of money or it’s just completely impossible because they aren’t high income earners. As Tanja mentions, early retirement isn’t for everyone and that’s okay. Moreover, one person’s path to early retirement shouldn’t serve as a template you should try to mimic because it may not work for you. Personal finance is personal after all, so if early retirement is something you want to do, do your research, learn from other people’s journeys, then carve out your own path that’s unique to you. For full episode show notes, visit https://jessicamoorhouse.com/185

2019-02-27 14:00:00

184 Living Debt-Free with Shannon Lee Simmons, Author, CFP & Founder of The New School of Finance

I’ve got another repeat guest on the show, who first appeared on the Mo’ Money Podcast this time last year in episode 151 to promote her first book Worry-Free Money. I’m talking about the lovely Shannon Lee Simmons, and she’s back with her second book all about debt called Living Debt-Free. Since her first book was essentially the feel-good personal finance book we were all looking for, Shannon’s second book does the same thing for debt. There are so many negative emotions surrounding debt, such as shame and guilt. Debt is bad right? Well, guess what…real people have debt. And they shouldn’t feel shame or guilt for having it. Shame and guilt aren’t exactly motivators to doing anything, so why would we think making people feel bad about their debt will help them get out of it. Having a Positive Mindset for Debt Repayment Is Key Instead, Shannon shares stories and advice on how to tackle your debt by adopting a new positive mindset and asking yourself some of these helpful questions: What is your debt holding you back from in life? What kind of life could you have without this debt? What’s really important to you? What are your core life values? Having clear answers for these questions will help you stay on track to paying off your debt. Yes, strategies like the debt snowball and debt avalanche are helpful too, but from my experience and Shannon’s, people are more likely to get back into debt or stop their debt repayment plan because they lack positive reinforcement and motivation. By thinking with a more positive mindset, such as “What could I add to my life once I’m debt-free?” instead of being critical of your current situation like “You’re not as well off as your peers because of your debt,” you’ll be able to change your financial picture quicker than you ever thought possible. Not only that, you’ll be able to stay out of debt because you’ll have a clearer vision for your overall finances. Emergency Funds Are for Emergencies Recently, there was a question that popped up in my Facebook group asking whether it was a good idea to use Emergency Fund money to pay off debt. Shannon and I both agreed that Emergency Funds should be reserved for emergencies only, not debt. Lack of emergency savings is one of the main reasons people fall into debt. Something unexpected happens, like their car breaks down, they don’t have the money to pay for it, they use credit to fix their car, now their in debt and can only afford the minimum payments. To avoid this cycle, save up 3 to 6 months of your living expenses and put it in a high-interest savings account. Then don’t touch it until a real emergency happens. And once you touch it, make sure to pay that money back so it’s never empty. Shannon also suggest having two Emergency Funds. One is for real emergencies that you don’t touch unless you absolutely need to. One is more of a slush fund that you are constantly contributing to, but dipping into when you need cash for unexpected expenses (that don’t fall into the emergency category). The Only Way to Avoid Over-Spending with Your Credit Card There are only a few ways to avoid over-spending with your credit card. One way is to use debit or cash for all of your variable expenses, and just link your credit card to any of your regular fixed expenses like your cable bill, phone bill, and utilities. Or, if you do like to use your credit card for your variable spending, set its limit to the exact amount you’ve budget for variable expenses. Then, as soon as you make a purchase with your credit card, move money from your chequing account to pay off your credit card. That’s it! There really isn’t any other magic way to do it. Believe me, I’ve tried them and so has Shannon and these are the ones that work! For full episode show notes, visit https://jessicamoorhouse.com/184

2019-02-20 14:24:23

183 Tax Time Prep Like a Pro - Lisa Zamparo, CPA & Founder of The Wellth Company

It’s that time of year again. You know, the time to start thinking of getting your taxes done. Most people dread it, I love it (because I’m a weirdo), but as the saying goes taxes is one of the two certainties in life. To give you a head start this tax season, and to help you change your mindset so you don’t hate it, I’ve got Lisa Zamparo (CPA & founder of The Wellth Company) back on the show. You probably remember her from episode 137 where she joined me to discuss how to be responsible with debt and credit. Well, she’s back and is sharing some amazing tips on how to do some tax time prep like a pro! Also, as Lisa mentioned, if you want to get one of her tax season self-care kits, sign up to work with Lisa before February 21! 4 Steps for Tax Prep Tax prep is super easy, you just need to give yourself some time and know what to do. Here are 4 steps you can take to get prepared like never before! Step 1 – Download my tax prep checklist. Step 2 – Get some stationary, boxes and tools that are pleasing to the eye to get you excited. Step 3 – Actively try to switch your mindset about tax time. Remember that by taking the time right now to make a system for tax time, you won’t have to do all this heavy lifting next year. Once you’ve got a system in place, it’ll be 10x easier next time! Step 4 – Start preparing tax return. If you want to do it on your own, use online tax software like SimpleTax, UFile, TurboTax or H&R Block’s Online Tax Software. Make sure to Google for a promo code to save money. If you need some help with your taxes, hire a professional tax accountant to help you (like Lisa!). Step 5 – If you’re self-employed, make things easier for next year by using some online accounting software like Freshbooks, Quickbooks or Wave. Step 6 – After you’ve filed your taxes, if you get a tax refund, be smart about it! Don’t just spend it. Use it to pay down debt or invest for your future. Follow Lisa LisaZamparo.com Instagram: @lisa.zamparo Twitter: @lisazamparo Facebook: Lisa Zamparo For full episode show notes, visit https://jessicamoorhouse.com/183

2019-02-13 14:00:00

182 Making an Impact with Your Investments - Trish Nixon, Managing Director & Head of Capital at CoPower

Since it’s launch week for Season 8 of the Mo’ Money Podcast, I’ve got a bonus episode for you! Last season, CoPower sponsored my podcast. So, I thought it would be fun to bring on Trish Nixon, Managing Director & Head of Capital of CoPower, to discuss impact investing with me. You may or may not have heard about impact investing before, but that could be because it goes by so many different names: socially responsible investing, green investing, sustainable investing, ethical investing (you get the picture). No matter what the name, what this episode is about is being a more mindful and conscious investor. You see, with every dollar you invest you are saying you want the companies you’re investing in to become more profitable and successful. There’s nothing wrong with that…unless the companies you’re investing in aren’t actually very ethical or don’t align with your personal values. That’s why we need to be more aware of what companies are in our mutual funds or ETFs. We need to see if there’s something we don’t like, then do something about it. One thing you can do is negative screening. It’s basically a way to take out the worst offenders in your portfolio, or find a portfolio that doesn’t include them. This is obviously easier if you’re a DIY investor because you have more control with what companies you invest in, but as you’ll see below there are a ton of big banks and robo-advisors that are offering more SRI portfolios now too. Socially Responsible Investment Products To give you a better sense of what kind of socially responsible investments exist, here’s a quick list of model portfolios and investment products that are considered SRI. Green Bonds – CoPower Equity Index Funds for the Socially Responsible – Canadian Couch Potato Organic Couch Potato Model Portfolio – Sustainable Economist Fossil Fuel Free Model Portfolio – Sustainable Economist Easy as Pie Model Portfolio – Sustainable Economist Vanguard Cheap AF ESG Model Portfolio – Sustainable Economist Socially Responsible Portfolio – ModernAdvisor Socially Responsible Portfolio – Wealthsimple Socially Responsible Mutual Funds & ETFs – RBC Global Asset Management Socially Responsible ETFs – BlackRock For full episode show notes, visit https://jessicamoorhouse.com/182

2019-02-07 14:00:00

181 How to Get Happy with Your Money - Melissa Leong, Author of "Happy Go Money" & Money Expert

Welcome to Season 8 of the Mo’ Money Podcast y’all! I know, I know…where have I been? For the past 3 years I’ve always started a new season of the show the first week of January. Well, to tell you the truth, I only had this episode recorded before I took off to Vancouver to enjoy Christmas with my family. In other words, I wasn’t ready! And I didn’t just want to put a season together quick, I wanted to make sure this season is one of my best yet! I believe it is, starting with having the amazing Melissa Leong on the show for my first episode. You probably are already familiar with Melissa. She was my favourite financial journalist at the Financial Post for years, then transitioned into an entrepreneur herself as a speaker, host, TV personality on The Social and now personal finance author with her new book Happy Go Money. This book has been a decade in the works because although Melissa shares some great advice and research in it, it is also very personal. What inspired this book was her husband’s depression that got her exploring the world of happiness. I think it’s no surprise that we’re dealing with a major happiness problem today. So many of us (myself included) are dealing with depression, anxiety and feelings of failure and unfulfillment. But that doesn’t mean we should just throw our hands up and give in. We need to get our happy back! Especially when it comes to our money. Here are some of my favourite gems from this episode. Give Me 3 One of my favourite parts of the podcast was when Melissa shares her tip for keeping accountable when trying to focus on the positive, instead of complain about the negative. I find I get especially down during the winter months, so I’m going to practice this whenever I, or my husband, catch myself complaining for no real reason. How does it work? If you find yourself or someone you know focusing on the negative, say “Give me 3!” and share 3 good things about your life, your day, or whatever you want! Focusing on the positive takes practice, so start practicing with me today! No More Victimhood I find this a lot with people who I deem “negative”. You know who I mean. Those people that no matter what, everything is always the worst and nothing is ever their fault. Life just happens to them, and they sure are unlucky. Umm…no! The only way to change your life for the better is to stop acting like a victim. You need to take control of your life, your circumstances and your future. The only way to do that is to stop being a victim, take responsibility, and then take action! Meditation Can Be as Effective as Medication This is 100% true, and not just because it’s a claim backed by research. I know so many people who swear that meditation has been the fix they’ve been looking for. I myself have even experimented with it, and when I do it regularly, I do find myself so much more happy with my present. There are some great apps you can use to get started too like Calm and Headspace, or you can simply practice on your own. But try it out and see if you start to feel a change. Books to Read If you want to continue learning about happiness, money or both, here are some book recommendations mentioned in this episode: Happy Go Money by Melissa Leong 10% Happier by Dan Harris Hardwiring Happiness by Rick Hanson For full episode show notes, visit https://jessicamoorhouse.com/181

2019-02-06 13:47:51

180 Retirement Planning & Pensions - Tim Thomson, Financial Services Commission of Ontario (FSCO)

For my 5th Millennial Money Meetup (and my only event for 2018), I hosted the event in downtown Toronto selling out tickets in only a few weeks to 50 attendees. This event was sponsored by the Financial Services Commission of Ontario (FSCO) to celebrate Financial Literacy Month. I was joined by technical consultant and pensions expert Tim Thomson of FSCO, and we dived deep into the topics of retirement planning and pensions in Canada. This is the live recording of Tim and I’s discussion on the subject, but as we’ve mentioned throughout the event, make sure to learn more at fsco.gov.on.ca/retirement. For full episode show notes visit https://jessicamoorhouse.com/180

2018-12-12 14:00:00

179 8 Major Money Takeaways from 2018 - Jessica Moorhouse

Well, we’re almost at the end of another podcast season! Just like last year, for my second to last episode I wanted to do a special solo episode. I wanted to just chat one-on-one with you about some of the things I’ve been up to and have realized this year. Then, I wanted share some of the biggest money takeaways from both Season 6 and 7 of the Mo’ Money Podcast. My Personal Realizations from 2018 Let’s first start with some of my personal realizations this year. This year has been truly amazing. I’ll do a longer blog post closer to the end of the year really reflecting on all that happened, but two keys things I’ve realized this year: my mission/purpose is to help others, and the only way to do that is to talk to real people like you (meaning, don’t get stuck in my little personal finance bubble). Going back to when I was a missionary in Africa at 18 (you can learn more in Ep. 20), I’ve been looking for a way to have a career that isn’t just personally meaningful, but also impactful on other people’s lives in a positive way. In short, I’ve felt for a very long time that I’ve been put on this Earth to help people. When I was in my 20s, I thought maybe the way to do that was to become a filmmaker and make documentaries that educated others, or films that lifted people’s spirits. Then, real life happened and I just needed a job to earn a living. My dream of having a job that helped others went by the wayside, until I got the idea to start my personal finance blog. Even though it was just a hobby at the time, I finally felt like I had a creative outlet and a means to help others by sharing my own personal finance journey. It’s crazy to think that by starting my blog over 7 years ago, I would eventually end up running my own business and helping others with their personal finances full-time. Life is unpredictable, but for the first time since I became self-employed (almost 2 years now), I finally feel like I’ve been able to accomplish that big goal of having a job that helps others too. And honestly the big reason I feel like that is this year I’ve had more opportunities to talk to real people. Sometimes they are people like you who listen to my podcast, read my blog, watch my videos, or follow me on social media. Sometimes they have no idea who I am, but I meet them at events or through friends and we strike up a conversation about money. It is seriously so cool to be able to find out what people do with their money, and what they struggle with. For years I was pretty much in this echo-chamber of just talking with other personal finance content creators or reading articles by finance journalists. That’s not real life. The only way to understand how to help people with their money is to talk to them. It’s been an education, but it’s definitely been helpful in me having a better sense of direction in terms of what I can do in the future to spread the word and help even more people. 8 Money Takeaways from 2018 I’ve interviewed 41 people on the podcast this year. That’s almost one person per week! I’ve loved every single interview, but there are a 8 interviews in particular that stuck out to me because of the tips and takeaways they shared. [Ep. 139] Perez Hilton – Hustle Hard to Make More Money I’m a huge fan of Perez Hilton (I’ve been reading his blog for a decade), so it was seriously such a thrill to interview him on my show. And he did not disappoint as a guest. He was very open and honest about how he made a ton of money mistakes which forced him to file for bankruptcy. But he learned from those mistakes, and is now very conscious of all of his money decisions. Still, the biggest takeaway from his interview was to hustle hard and focus on earning more. Yes, there is value in living simply and frugally, but that shouldn’t deter you from trying new things, working hard, and striving to always earn more money. [Ep. 148] J.D. Roth – Take Charge of Your Finances (No One Else Will) J.D. Roth is one of the OG personal finance bloggers, who started the blog Get Rich Slowly, sold it for a hefty profit, then bought it back to run it again. The biggest takeaway from his episode was you need to be the CFO of your own life. If you want to be financially successful, don’t just hand off your finances to someone else to deal with and hope they do what they’re supposed to. No one cares more about your money than you do, so you need to step up to the plate and take responsibility for your own financial life. [Ep. 151] Shannnon Lee Simmons – Money Is a Tool for Good Shannon Lee Simmons released her first book Worry-Free Money last year, and I’ve been telling everyone who will listen to grab a copy ever since I finished reading it. It is one of the few personal finance books around that has a positive spin on finance. It makes you feel good about your money, not ashamed or judged. The biggest takeaway from her book was that money is a tool for good. You should feel good about your money. If you’re not happy with your current financial situation, it’s not too late. You can fix it! [Ep. 161] Laurie J. Cameron – Be Mindful with Your Money Laurie J. Cameron is the author of The Mindful Day, and teachers others how to practice mindfulness in their daily lives. Wouldn’t you know it, mindfulness is becoming a bigger part of the personal finance space, and for good reason. As I’ve been recognizing by working with my financial counselling clients, money is about the numbers. It’s about psychology. The only way to change your financial situation is to change your mindset and to be more mindful with every single one of your financial decisions. [Ep. 144] Cait Flanders – Minimalism Could Help with Your Spending Problem Along the same lines, in my interview with Cait Flanders, author of The Year of Less, living a more simple and minimal life may be the life change you’ve been looking for. Especially if you’re dealing with a spending problem and are looking to create a different type of relationship with your money. Practising minimalism helped Cait stay out of debt and live a more fulfilled life. Maybe it’s something you’ll want to try out next year too! [Ep. 165] Kathlyn Hart – You Deserve to Be Paid Your Worth This was one of my most downloaded episodes, and I’m not surprised. Kathlyn Hart, a negotiation coach, shares tips on how to ask for more money, either in the interview stage or when asking for a promotion. This is something, especially us women, need to do more of. Whenever I talk to women about this topic, most of the time they tell me they’ve never negotiated a salary or pay raise, they just accepted what was offered. Well, if you want to earn more, you need to ask for more and not be afraid to ask in the first place! [Ep. 171] Amanda Abella – Don’t Be Ashamed for Wanting to Earn More Money I loved chatting with Amanda Abella for this episode because I’ve known her for years from the FinCon community, and I also worked with her as a sales coach for my business too. For this episode, she shares how so many of us (again, mainly women) have a hard time feeling good about earning money. We associate it with negative ideas of greed and unworthiness. But that’s not how we’re going to change the wage gap. We need to ask for what we deserve, we need to feel good about earning, and we need to ignore anyone who shames us for feeling good about making money. [Ep. 174] Paulette Perhach – An Emergency Fund Should Be Everyone’s Top Priority If you need some major motivation for starting an emergency fund, this episode is it. Paulette Perhach, an acclaimed writer whose F** Off Fund article went viral, shares why she wanted to write about the importance of having an emergency fund in a new way. Instead of thinking of it in the traditional sense, think of it as a stash of cash you can use in case you need to get the hell out of a really bad situation (like leave your boyfriend or quit your toxic job). For full episode show notes, visit https://jessicamoorhouse.com/179

2018-12-06 02:57:25

178 Improving the Wage Gap & Boosting Financial Confidence - Brynne Conroy, Author of The Feminist Financial Handbook

For this episode I chat with Brynne Conroy, the blogger behind Femme Frugality and the new author of The Feminist Financial Handbook, about women, money, the wage gap, financial confidence and what we can all do as a society to make the future a more financially equal one. Long description: I hope you’re ready for a deep dive into women, oppression, victim blaming, leaning in, financial confidence and the wage gap, because that’s exactly what my next guest and I discuss for this episode of the Mo’ Money Podcast. I’m joined by Brynne Conroy, the blogger behind Femme Frugality and the new author of The Feminist Financial Handbook. And as you can guess from the title of her book, instead of writing another how-to finance book, Brynne decided to look at some of the big problems women face when it comes to finance and what we can do about it. I love this interview so much (as you can tell from my many tangents), because I obviously can relate a ton to the content of Brynne’s book. I’m a woman, and growing up I had no idea that I’d be treated differently, or paid less, when I entered the workforce. It’s the 21st century after all! Haven’t we moved past all that? Unfortunately, no we haven’t. There is still a lot of work to be done, and the issues of financial confidence and the wage gap aren’t just women’s problems. They are societal problems that we need to fix together. Women can’t fix the fact that they are paid less without the support of men as their allies. The only way we can make a different future for young girls is to work together now. It’s certainly something I’ve passionate about, and it’s honestly a big reason I was so drawn to personal finance in the first place. All of the books and personal finance experts I saw were men. I want to see more women represented. Luckily, I’m already seeing more women enter the personal finance space compared to 10 years ago, and that makes me incredibly happy and hopeful. For full episode show notes visit https://jessicamoorhouse.com/178

2018-11-29 08:44:47

177 Investing, Making Money & Budgeting in Canada - Tom Drake, Blogger & Podcaster at Maple Money

I don't know how I've had this podcast for over 3 years and haven't had one of the OG Canadian personal finance bloggers on the show yet, but here he is! The one and only Tom Drake, blogger and podcaster at Maple Money! He's been in the game for almost 10 years, and he's dropping all types of knowledge bombs in this podcast on investing, making money and budget like a pro! Long description: My next guest was supposed to be on my podcast 3 years ago! That’s when myself and Tom Drake from Maple Money first talked about him getting on my show. Well, I don’t know what happened, but at least I got my act together and finally got him on the show. And honestly, he was worth the wait! A lot has changed for Tom in the past 3 years. He has been blogging for almost a decade, and recently rebranded his blog to Maple Money and started his own podcast called the Maple Money Show. As I mention at the beginning of this episode, Tom is literally the nicest guy. Which could be why he’s one of my personal favourite finance bloggers and I am so thrilled with all of his success. What’s even crazier is he blogs and podcasts on the side! He still has a day job and somehow manages to get it all done. Oh, he also has a family. How he does it all, I have no idea. But luckily for me, he does share lots of his finance wisdom when it comes to investing, making money and budgeting on the show. Investing: Get Out of Mutual Funds As Tom shares in the episode, he got out of high-fee actively-managed mutual funds as soon as he got a better understanding of what he got himself into. Now, there’s technically nothing wrong with these type of investment products, but the thing is there are better products out there. Namely index funds and ETFs. Since moving out of mutual funds, Tom has been managing his own portfolio of ETFs using a Questrade account, but he’s actually thinking of switching to a robo-advisor to lessen his work-load which I thought was pretty interesting. There’s definitely benefits to both, so it was refreshing to hear a DIY investor actually express interest in using a robo-advisor instead. Making Money: Why Not Earn Money with Your Hobby? Several years ago, I saw Tom speak on a panel of bloggers at the Canadian Personal Finance Conference. One of the questions they were asked was what they thought of monetizing their blogs? Most of the panel said they didn’t monetize their blogs and were more focused on just creating good content, but I remember Tom distinctly share that he’d do anything to make money. Obviously he was kidding, but I loved how he was so honest about how it shouldn’t be a bad thing for bloggers to want to earn money from their blogs and work with brands. As someone who does this, and is thus able to create a bunch of free content for my audience, I totally agree! Why not earn money from your hobby, and why not turn your hobby into a business? Budgeting: Micro-Budgeting Doesn’t Work Micro-budgeting, or having specific categories in your budget you need to try to stick to, just doesn’t work. Another point that Tom and I share. He shares that he manages his family’s finances and they allocate money to savings and fixed expenses, then have a specific number they want to stay within for their variable expenses. It’s just a simpler way to budget since in most cases it’s impossible to stick to a hard $400 for groceries or $100 for entertainment each month. For full episode show notes, visit https://jessicamoorhouse.com/177

2018-11-21 14:00:00

176 How to Build Wealth by Investing in ETFs - Som Seif, Founder & CEO of Purpose Investments

Want to start investing, but not sure how? Or maybe you are investing, but aren't completely sure if you're doing it right? You're in luck, because I've got the king of ETFs Som Seif on the show to discuss how to build wealth by investing in ETFs and following a few of important rules of thumb too. Long description: I hope you’re ready to get your investing knowledge on, because for this episode I’m joined by the king of ETFs Som Seif! To give you some background on Som in case you’re unfamiliar with his importance in the investing world, he is currently the founder and CEO of Purpose Investments Inc., which he formed after he sold his first company Claymore Investments to Blackrock Inc. in March 2012. You may be familiar with Blackrock as they offer a number of great ETFs you’re probably already invested in, and the same goes for Som’s new company Purpose Investments. Now, Som started his Claymore Investments in 2005 because although he had been an investment banker with RBC Capital Markets since 1999, he wanted to be able to really help individual investors by making low-cost ETFs more accessible. And he continues to do so with his new company Purpose Investments, and shares more helpful tips to investors of all ages in this episode. How Much You Should Invest If you’re just starting out, meaning you’ve recently finished school and are working full-time, Som suggests investing 15-20% of your net income. You’re at such a great stage in life where your cost of living is low (even if your salary is too), but the money you invest this early in life will have a huge, positive impact on your future. If you wait to invest later in life, then make sure to boost that percentage to hit your target end goal. How to Invest It’s great knowing how much to invest, but a better question is how to invest? Luckily there are some great options now with all the robo-advisors out there, which is one way Som suggests can be a great way to invest your money. He really does believe in robo-advisors since he was one of the founders of Wealthsimple, and believes in making investing in low-cost ETFs simple for every type of investor. Or, if you’d rather work with an investment advisor, you may need to have a greater some of money to do so, but it may be what you’re looking for in terms of getting specific guidance and management. Then again, you may want to be fully in control, which means you’ll want to go the self-directed route and pick your own portfolio and manage it using a discount brokerage. Don’t Be Scared off by Investing We dive into some deep subjects like crypto, blockchain and the future of investing, and honestly it was even intimidating to talk about with Som myself, but that’s something that Som wants to make sure doesn’t happen. Investing isn’t hard and you shouldn’t be scared off by new technologies and new strategies emerging. You need to arm yourself with information, because as you and I both know, the best way to rid yourself of fear and worry is to educate yourself. One way to do that is to follow his suggestion by reading books by Benjamin Graham to have a better foundational understanding of investing. 3 Key Things You Need to Do to Be a Smart Investor As Som mentioned, investing isn’t hard. Here are the 3 key things he suggests for any investor’s success: Build a portfolio of strong assets that perform well Keep costs low Stay diversified Start Investing Now The biggest take-away from this episode is that investing is incredibly important to take part in. It shouldn’t be something you delay until your 30s or 40s. The sooner you start investing in life, the better off you’ll be in the future. Moreover, you’ll also become more confident and feel more secure with your finances my having a solid plan for retirement and your other financial goals. So if you just got your first job out of school, make sure to invest some of that first paycheque. If you’re further along than that in your career, there’s no better time to start than today! For full episode show notes, visit https://jessicamoorhouse.com/176

2018-11-15 01:08:02

175 Being Intentional with Your Money - Patrick Ens, VP Strategy & Brand at Capital One Canada

Money isn't just about the numbers. And having money struggles doesn't mean you're lazy or "bad" with money. Money is about habits, experiences and what tools we're working with. One of the ways to fix our struggles and become less stressed out about money is adding mindfulness into the mix. Being intentional with your money can make all the difference in your life, and that's what I discuss with my guest Patrick Ens, VP of Strategy & Brand at Capital One Canada. Long description: Capital One Canada is one of the sponsors for this year’s sponsors of Credit Education Week from Nov. 13-16. There are tons of free financial literacy events happening for Credit Education Week, so visit cewc.ca to find out what’s happening in your city! Like I mentioned in the intro of this episode, I was 100% living my best life this past weekend. Not only did I attend the Canadian Personal Finance Conference (I’ve gone to this conference every year since 2013!), but I also got to moderate the fireside chat sponsored by Capital One Canada, with Laurie Campbell (CEO of Credit Canada Debt Solutions) and Patrick Ens (VP, Strategy and Brand at Capital One Canada). This was definitely my ideal situation because although I loved getting the chance to do a full-on presentation at last year’s conference, I’ve gotta admit that I was in my element moderating this chat. To me, it was basically like a podcast episode with two incredibly intelligent and experienced guests, and there just so happened to be a live audience watching. But yes, I know, this wasn’t really a podcast episode. So, in case you weren’t able to catch our talk at the conference, luckily I was able to interview Patrick for the podcast! We discuss at length (and in-depth) this year’s theme for Credit Education Week — money mindfulness. If you’re a longtime listener of the show, you may have listened to a few episodes I’ve done in the past about this topic. But what is so great about my interview with Patrick is he comes from a very different background. He’s not a mindfulness guru or your typical money expert. He comes from the brand side of things and helps clients directly with the financial products offered by Capital One Canada. Because of that, he has a very interesting perspective on what it means to be intentional with your money and thus smart and responsible with credit use. Credit Education Week Credit Education Week is in its 12th year, and Capital One Canada is one of the sponsors alongside Credit Canada Debt Solutions. The theme for this year is money mindfulness, because we all need to be more mindful with our money habits, our spending and especially our credit use. To learn more about all the free events going on for Credit Education Week, visit cewc.ca. Get Your Credit Score for Free If you don’t know your credit score, what are you waiting for? Capital One Canada let’s you check your Transunion credit score for free without dinging your credit score in the process. Click here to get started.

2018-11-07 14:00:00

174 Why You Need a F*** Off Fund - Paulette Perhach, Author of Welcome to the Writer's Life

Do you have a f*** off fund? You know, a bit of money you've got in a savings account for emergencies. But I'm not just talking about when your car breaks down or you lose your job. I'm talking about when you need to quit your job because you're being harassed by your boss. Or when you need to leave your abusive boyfriend and need a place to stay. I talk with the woman who coined the term for this episode, and you are definitely going to want to set up a f*** off fund after this. Long description: Before you even listen to this episode of the show, please read my guest Paulette Perhach’s article that went mega-viral — A Story of a Fuck Off Fund. As I mention in this episode, I had a very emotional reaction to her article. It was just such an amazing visual story of why we all need to take care of ourselves by having an emergency fund, so I highly recommend you read it, then listen to our chat together. I know myself and any other personal finance experts out there talk about the importance of having an emergency fund all the time, but her story really can show you how it can be a life-changer. Besides having an article that went viral, Paulette is also the new author of the book Welcome to the Writer’s Life. She writes for all kinds of major publications like the New York Times, Elle and Cosmo, and she knows first-hand how difficult it is to crack into this business as a new writer. So, if you’ve ever thought about being a professional writer, this is literally the playbook on how to get started! For full episode show notes, visit https://jessicamoorhouse.com/174.

2018-10-31 13:00:00

173 How to Pay Off Meaningful Debt (and Stay Debt-Free) - Jessi Fearon, Financial Coach

Jessi Fearon was able to pay off $55,000 in debt in 2 years! Yes, I know, we've all seen headlines like this before, and usually you find out after reading the full news article that they were able to pay off that debt because they got a windfall, their parents helped them, or they earn over 6 figures at their job. Well, that's no Jessi' story. Her and her husband were able to pay that debt off by making some major sacrifices and hustling to make it happen. Now Jessi is a financial coach on mission to help others conquer their finances too! Long description: For this episode of the Mo’ Money Podcast, I chat with another Jessica who is also a financial coach! I’m talking about Jessi Fearon, who was able to pay off $55,000 in 2 years with her husband, while raising a family of 3 little ones. After being a stay-at-home more for a few years, Jessi now spends her days coaching others how they too can build a solid financial foundation and kick their debt to the curb (for good!) just like her family was able to. What I love about this episode, and Jessi for that matter, is that she is an open book when it comes to her numbers. Most of the time when you see some headline about someone who paid a big amount of debt in a short amount of time, you eventually find out it’s because they got a big windfall, their parents helped them out, or they earn a high salary. That’s not Jessi’ story at all. For her, it came down to making some tough choices, such as taking on some extra jobs like being a server or dog walker to earn some extra money, or having to trade in her dream truck for a more cost-efficient car to put the difference onto her debt. Basically, if you’re dealing with debt and need some motivation, this episode is going to make you want to get to work right away and start living a better life! For full episode show notes, visit https://jessicamoorhouse.com/173

2018-10-24 13:00:00

172 How to Earn $10,000 Per Month as a Virtual Assistant - Kayla Sloan, Virtual Assistant Coach

Want to earn 5-figures per month as a virtual assistant? No, this isn't a scam. This is the true story of how Kayla Sloan, a former personal finance blogger, started a side hustle as a virtual assistant that led her to earn $10,000/month. Now, she trains others how to become virtual assistants so they can earn extra money on top of their day jobs to reach their financial goals sooner. Long description: As a sort of companion episode to last week’s interview with Amanda Abella (sales coach & CEO of Make Money Your Honey), in which we talked in-depth about how to get over feeling guilty about earning money, this week I’m chatting with Kayla Sloan, a virtual assistant coach. And guess what, the topic of earning guilt pops up yet again. To be fair, I’m the one who brings it up. I’m pretty sure I recorded these episodes close together and it was something I was thinking about a lot. In any case, I’m excited to share this episode with you because I really want to emphasize the message that earning money is good, not bad. Especially as women, who are still paid less for the same work as men, we need to stop the shame game and empower ourselves to reach our full financial potential! Just take Kayla’s story for instance. She finished university, got a job, then realized she was always flirting with a $0 balance in her account. She had $8,000 in student debt and $10,000 in credit card debt, not to mention a $110,000 mortgage. She wanted to live a better life, but she didn’t have a business background or even felt like she deserved to earn more. I think a lot of us who were raised in low to middle income families feel like this. We are taught to be smart, go to school, get a job at a company, and accept whatever salary we get (we should be so lucky we even have a job when so many people don’t!). The thing is, we’re limited when we work for someone else. That’s why Kayla started blogging (she ran a blog called Shoeaholic No More), then started doing some freelance writing on the side to earn some extra money. She then started getting offers for virtual assistant work, and realized she had a talent for creating systems and project management. After a year of basically juggling two full-time jobs, she was at a crossroads. She had to give either her day job or her virtual assistant side hustle up, or risk burning out completely. Looking at the numbers, she was earning just as much as a virtual assistant as she was at her full-time job. Believing that virtual assistant work was her calling, she took a big risk (since she was still in debt) and left her day job in 2015. Since then, she’s actually stopped most of her virtual assistant work and runs her own business as a virtual assistant coach and instructor with her 10K VA online course. Now, she dedicates her days to training others how to become virtual assistants so they can earn extra money at home in their free time. For full episode show notes, visit https://jessicamoorhouse.com/172

2018-10-17 13:00:00

171 Why You Should Feel Good About Making Money - Amanda Abella, CEO & Founder of Make Money Your Honey

Do you feel bad or guilty about making money? You're not alone. This is a very common feeling that myself and my guest Amanda Abella (CEO & founder of Make Money Your Honey) have had to confront head-on in our financial lives. Here's the thing, earning money isn't bad. It's actually an amazing, empowering thing! Learn why in this very raw episode with Amanda and myself. Long description: I’ve been in some of the same circles as my next guest, Amanda Abella (CEO and founder of Make Money Your Honey), for the past 7 years. Still, I hadn’t gotten to know her properly until we officially met at a party at FinCon in 2017, and then went to the same retreat back in the spring. Once I got to know her, I just loved her! Her personality is infectious, she’s so positive and energetic, and she makes you feel like you can reach any goal you set your sights on. That could be why after I had her on the podcast, she convinced me to hire her for some sales training. Yeah, she’s that good. To be fair, I had actually been looking for someone to help me with my sales. I started getting enquiries about my financial counselling services as soon as I became an Accredited Financial Counsellor Canada in January, but over the course of 6 months I still hadn’t locked down any clients. I knew that it wasn’t me not being good enough. I got my accreditation, I worked with some clients for free before offering my paid program, I knew I had the ability to really help people. But for some reason, I just couldn’t get anyone to say “Yes” to working with me. Well, as I discovered when working with Amanda, it had everything to do with my negative mindset about earning money. It’s something I’ve had for a while, and something I still struggle with. I want to earn money. Actually, I want to earn a lot of money. But whenever I try to do something to raise myself up and reach that next level, I let the nay-sayers and my own self-doubt get the best of me. It’s not easy being called a sell-out or being shamed for earning money (and yes, this happens to me all the time). But the thing is, they aren’t the people I want to work with anyway. Those people are detractors who have their own issues they’re projecting. For me, I want to earn money, but it’s not out of greed or a desire to be rich just for the sake of being rich. I want to help people. I also want to earn a living, pay my bills, and be able to continue to work for myself. Long story short, after working with Amanda, I worked hard at shifting my mindset, and since then have been working with financial counselling clients one-on-one and loving every minute of it. Enough about me though, because that’s only part of what we discuss in this episode. In my chat with Amanda, we talk about how she also had this mindset where she felt bad about earning money and also was afraid to spend it. What we all need to realize is we’re only limited by the limitations we put on ourselves. If we don’t think we can earn more, we won’t. If we don’t think we can afford something, then we won’t find a way to change that reality. If we’re always afraid that there won’t be enough money, so don’t spend any of it, that money will control us instead of us controlling our money. This episode is really about empowerment. I never thought I’d be where I’m at right now. Two years ago I would have said you were crazy! But here I am. And a lot of it has to do with shifting my mindset so I feel empowered about making more than I ever have, feel good about spending money on things that I value, and also make a point of giving back more money to the community or charity because I’m earning more. For full episode show notes, visit https://jessicamoorhouse.com/171

2018-10-10 13:00:00

170 ETFs, Index Funds & Passive Investing in Canada - Atul Tiwari, Managing Director of Vanguard Canada

ETFs, index funds...oh my! I talk with Vanguard Canada Investments Managing Director Atul Tiwari about all things passive investing. If you want to dive into a great conversation with an investing pro, this is the episode for you! Long description: For this episode of the podcast, I chat with Atul Tiwari, the managing director of Vanguard Investments Canada. He seriously has such a wealth of knowledge, it was such a treat to ask him pretty much anything and everything about Vanguard, passive investing and some key things us Canadians need to know about how to invest for our futures. To give you a little background on Atul, he joined Vanguard in 2011, but before that was the senior vice president of BMO Asset Management and founding president of BMO Exchange Traded Funds. Before that, he was president of BMO’s U.S. subsidiary mutual fund business, Harris Insight Funds. If that wasn’t impressive enough, he used to practice law. Why Low Fees Are So Important This is a subject that comes up no matter who I’m talking to about investing. Probably because absolutely no one likes to pay high fees! Why would they? As Atul said in the podcast, “The best predictor of your investments’ performance is the cost of them.” In other words, no one can predict the outcome of your investments, but you can control one thing — the fees you pay. The lower the fees, the more money in your pocket. The thing is, most people have no idea how much they are paying in fees. Typically, if you’re invested in actively-managed mutual funds, you could be paying 2-2.5% on your investments. If you earn a 6% return on your investments, that leaves you with only 3.5-4% after fees. That may sound like nothing, but after decades of investing, that could amount to hundreds of thousands of dollars. That’s why I’m personally a big fan of low fee index mutual funds and index-based ETFs. They offer the same diversification as actively-managed mutual funds, they track the index, and they have way lower fees. Index Funds in Canada vs. the U.S. This is something I swear no Canadian really knows about. I only figured out the difference when I started doing research about it and talked to a rep at Vanguard for my blog post on investing with Vanguard. They would be the people to ask since Vanguard developed the first ever index mutual fund in 1975. So, when people are talking about index funds in Canada, more times than not they are actually referring to index-based ETFs. In Canada, there are actually only two providers of index mutual funds, Tangerine and TD E-Series. All the big banks offer actively-managed mutual funds, and all the robo-advisors offer index-based ETFs. Then there are the self-directed brokerages like Questrade, though almost all the big banks have their own self-directed brokerages as well. Using those brokerages, you can essentially buy any type of investment product like ETFs, actively-managed mutual funds, stocks, bonds, etc. You cannot however buy index mutual funds. Those can only be bought through those two providers I previously mentioned. Confusing right? Well, the reason I think we Canadians get confused about some of this is because we get a lot of our information from the U.S. In the U.S., index mutual funds are much more popular, and you can even buy them directly from Vanguard. In Canada, you have to go through a brokerage, robo-advisor or financial institution to buy any of Vanguard’s products. This is all to say that the next you’re talking with someone and they mention index funds, ask them whether they mean index-based ETFs, and then feel free to share this episode with them. The Vanguard Effect Atul mentioned in the episode a thing called “The Vanguard Effect” which was originally coined by Morningstar. What this effect means is that when Vanguard enters a new market, like Canada (though it was originally coined when it entered the U.K.), because it offers such low fee products, it causes other investment product providers to also lower their fees. It’s a good thing for us Canadians especially since we have some of the highest fees in the world. Let’s hope things continue down this path in the future! Vanguard Investor Questionnaire Vanguard has a number of great free resources on their website, but my personal favourite is the Investor Questionnaire. It’s a great example of how to determine your risk tolerance and ideal asset mix. This is just a great thing to try out if you want to see how it compares to the investor questionnaires provided by the robo-advisors in Canada, or if you plan on becoming a DIY investor and need a starting point when building your own portfolio. For full episode show notes, visit https://jessicamoorhouse.com/170

2018-10-03 13:00:00

169 How to Make Big Change with Your Spare Change - Leena Patidar, Founder & CEO of Coin Up

Want to find a way to automatically donate money to charity without affecting the rest of your budget? Check out my interview with Coin Up founder & CEO Leena Patidar all about how you can make big change with your spare change. Long description: The other week, a member of my Facebook group asked how people automate (or try to automate) their charitable giving. Well, talk about good timing because for my latest podcast interview I have Leena Patidar on the show, and she’s the founder and CEO of Coin Up. It’s literally an app to help you automatically give money to charity without you having to put much effort in, but still giving you those handy charitable tax receipts and making you feel like you’re doing some good in the world! As you’ll find out in the interview, Leena is a serial entrepreneur with a killer resume. She could honestly have continued her career and become a very successful and high paid CEO if she wanted to, but giving back was always something that she was passionate about. So, she eventually developed Coin Up, the merging of her passion for giving back to those in need and her entrepreneurial skills. When I heard about Coin Up and Leena’s story, I was so excited to have her on the show. Giving back and donating to charity are often overlooked when talking about the elements of personal finance, but giving back really should be a line item in your budget. You don’t have to donate a lot either. Although many people follow the tradition of donating 10% of their income to charity, I’ve always believed that you should just give whatever you can afford. It can be $50/month, or $5/month. Giving anything is better than not giving anything at all, so I challenge you to take a look at what charities are out there that speak to you, and make room in your budget to donate a sum to help them with their services. How Does Coin Up Work? You’ve probably heard of apps that help you add small additional amounts of money onto your debt or into your investments? Usually how those apps work is every time you make a purchase with your credit or debit card, a percentage of that amount you spent will also be taken out of your savings or chequing account and put onto your debt or investments. It’s basically a way to automatically accelerate your financial goals without you really noticing. That’s similar to how Coin Up works too. When you sign up with Coin Up, it will round up your everyday credit or debit card transactions and will donate that spare change to your selected charity every month. For more info on how to set it up, check out Coin Up’s FAQs. Who Can Use Coin Up? Currently the app it’s only available in the U.S., but Leena mentions in the episode that they hope it will be available in other countries like Canada very soon. How Do I Download Coin Up? You can either download the app from Apple’s app store, or you can sign up on their website. Right now, the app isn’t available for Android. For full episode show notes, visit https://jessicamoorhouse.com/169

2018-09-26 13:00:00

168 Canada Pension Plan: Will It Be Around When You Retire? - Mei Maven, Director of Global Communications for CPPIB

We all pay into the Canada Pension Plan (CPP), but most of us have no idea what the heck it is! I talk with CPPIB spokesperson Mei Maven to get the facts. Long description: We all pay into the Canada Pension Plan (CPP), but most of us have no idea what it is, who manages it, or if it will even exist by the time we retire in the next 40+ years. That’s why for this episode I talk with Mei Maven, the Director of Global Communications for the Canada Pension Plan Investment Board (CPPIB). I ask her all the important questions we all should know about CPP so we can understand how this pension plan can (and should) work into our individual retirement savings plans. So…Will CPP Still Exist in the Future? Since I was a young adult, I remember hearing conversations from my parents about how CPP wouldn’t be around by the time I would retire. I think that’s a big reason why I was so set on saving and investing for retirement as soon as I got a full-time job. This is actually a fairly common worry amongst Canadians, so I wanted to make sure I got to the bottom of it. Well, the short answer is YES, CPP will be around by the time you retire. As Mei mentioned in the interview, it is almost guaranteed to be around for the next 80 years. It will probably (and hopefully) be around for longer than that, but I don’t think CPPIB can make assumptions further into the future than that. Does This Mean I Don’t Need to Save for Retirement? As Mei also mentioned in our interview, CPP is meant to supplement your retirement savings, not replace it. You still need to save for your own retirement, but it’s important to consider CPP when doing your calculations for how much you actually need to save up to retire comfortably. One great tool to play around with is government’s free Canadian Retirement Income Calculator. What Is CPP Invested In? This was a fun question to ask, and it was quite nice to get a straight up answer. All the funds that CPP is invested in is made public on their website under the Our Investments tab. What Has CPP’s Portfolio Performance Been Like? To see what returns the CPP’s investment portfolio has been earning, check out the Our Performance tab on the CPPIB website. As shown clearly on their website, their 5-year annualized return has been 12.3% and their 10-year annualized return has been 8%. Open Submissions for Guest Posts Hello lovely podcast listener, do you have a money story to share? Well, first and foremost, you are always welcome to email me about being a guest on the Listener Series of my podcast. I’m always looking for new listeners to interview, so feel free to email me directly with your money story to apply to be on the show. Does the idea of being recorded on the podcast freak you out? Maybe you’d be more comfortable writing a guest post on my blog. I’m currently accepting submissions from my podcast listeners (and blog readers, of course!) for guest posts. What I’m looking for is raw and real money stories that include failures, successes, lessons and advice and tips readers can absorb and learn from. To apply, visit https://jessicamoorhouse.com/listenerguestpost For full episode show notes, visit https://jessicamoorhouse.com/168

2018-09-19 13:00:00

167 What It Means to Be a Financial Grownup - Bobbi Rebell, CFP, Author & Podcast Host of Financial Grownup

I chat with Financial Grownup best-selling author & podcast host Bobbi Rebell about what it means to be a financial grownup, the difference between high achievers and dreamers, and her story of going from journalist to entrepreneur focused on educating others about finance and success. Long description: Back in the spring, I had the opportunity to attend a women in business retreat called Statement that was organized by money expert Stefanie O’Connell and writer Emma Pattee. It was held in the Catskills and was 3 days of intense workshopping with other women entrepreneurs. It was honestly one of the best things I’ve experienced all year, especially since it gave me the chance to meet so many amazing women (many of whom will be on the podcast this season) One of those women is Bobbi Rebell. Bobbi is a CFP® and host of the Financial Grownup podcast. She is also the author of the best-selling self-help/personal finance book How to Be a Financial Grownup: Proven Advice from High Achievers on How to Live Your Dreams and Have Financial Freedom. If that wasn’t impressive enough, she’s also a keynote speaker and an award-winning TV anchor and personal finance columnist who has worked at Thomson Reuters, PBS (Nightly Business Report) CNN and CNBC. In this episode, we talk about how Bobbi Rebell went from traditional journalist to becoming an entrepreneur herself, starting with her book then launching a podcast. We also talk about how she’s able to get so many big celebrities on her show through the power of networking and just being ballsy and straight up asking them. I hope you feel motivated after this episode to get out there and stop thinking about doing something, but actually doing it. I know, doing is the hardest part, but without taking that next step, you’ll never be able to reach your full potential and you’ll never truly become a financial grownup. For full show notes visit https://jessicamoorhouse.com/167

2018-09-12 13:00:00

166 From Teen Mom to Millionaire Entrepreneur - Farrah Abraham, Teen Mom Star & Entrepreneur

To kick off Season 7 of the Mo' Money Podcast, I chat with Teen Mom star & entrepreneur Farrah Abraham about success, overcoming obstacles & balancing work with being a single mom. Long description: It’s the first episode in Season 7 (yes, 7!!!) of the Mo’ Money Podcast, and boy do I have a treat for you! This episode has been a long time coming. If you know me, then you know I’m a huge reality TV junkie. And one of the shows I’ve watched from the beginning is MTV’s 16 & Pregnant and its subsequent spin-off series Teen Mom. I’ve followed the cast members over so many years, I feel like I practically know them. Since I have been such a long-time fan, when I first started this podcast over 3 years ago, I made a list of dream guests. These were guests I hoped to have on the show once I hit a level of popularity that I could realistically get them to come on. Well, one of those dream guests was Teen Mom‘s Farrah Abraham. If you’re watched the show, or read celebrity news, you may know she’s a bit of a controversial figure. She’s outspoken, she’s worked in the adult industry, and she isn’t your typical Teen Mom reality star. What I mean by that last bit is that most of the cast members on Teen Mom (and Teen Mom 2 for that matter), seem to mainly earn their bread and butter from the show and being a social media influencer. A few of them have started clothing lines, but in general, none of them have shown as much entrepreneurial spirit as Farrah. There’s a reason for that, which we get into in the episode. Basically, Farrah has always wanted to be an entrepreneur and start her own businesses, even before being on the show. And despite what I thought, in that the show helped her get to where she is today, it actually hindered her in a lot of ways with lots of doors closing on her. Nonetheless, she sure has more drive than most 27 year-olds. That’s why I wanted to focus on that for this episode, because from all the episodes of Teen Mom and articles I’ve read about her, I kind of felt like no one really asks her about her entrepreneurial journey or how she was able to build up a net worth in the millions at such a young age. Personally, I don’t really care what’s said about her in the news or that she has businesses within the adult industry. I don’t judge people for how they earn their money. What I do judge people on are how they treat others, how professional they are, and how dependable they are. Farrah ticked all of those boxes, being nothing but pleasant during our interview, and being professional enough to reschedule our interview after our first interview date was cancelled due since it was on the day of the whole Beverly Hills Hotel situation. Entrepreneur First, Reality Star Second One of the things I found fascinating when talking to Farrah was that she considers herself above all else an entrepreneur, not a reality star. She’s definitely a reality star, considering she’s been on 16 & Pregnant, Teen Mom, Couples Therapy, Botched, Celebrity Big Brother UK and Million Dollar Matchmaker just to name a few. But, it was actually refreshing to hear that she didn’t choose to do 16 & Pregnant and then Teen Mom as a way to propel her career. Instead, she wanted to prove to young girls that it is possible to finish school and have a successful career, even if you are a teen mom. More than that, it also shows she doesn’t want to be famous just to be famous. Now, she uses her fame to create new opportunities and build up her portfolio of businesses. This is to help her create a solid financial backing for herself, but also for her daughter when she grows up and wants to join the family business. I also think it’s super admirable that Farrah didn’t just go down the easy route of being an Instagram star. You can make a ton of money partnering with brand and doing sponsored posts (and I would know), but she decided to not make that her main focus, but instead open three different brick-and-mortar businesses in Texas. That is not easy to do! I run my own business, but it’s completely online and I’m the only employee. I have such respect for people who run physical businesses with staff! Overcoming Obstacles & Negativity Farrah has had more than her fair share of obstacles to overcome. Starting with the father of her child passing away suddenly when she was a teen mom, to dealing with family rifts, to having constant negative media attention, to MTV deciding to fire her from the show. Most people wouldn’t be able to handle all that, especially not when in the public eye. I know I couldn’t! My feelings get hurt every time I see a mean comment from someone on my social profiles or blog! So, I had to ask Farrah how the heck she can overcome, move on and not let all that stuff get her down. She had a few great answers. One, she’s very spiritual. I don’t really talk about this much, but spirituality and believing in a higher power is also very important to me. It grounds me and reminds me that I’m not the centre of the universe. This is what also grounds Farrah, helps her move passed obstacles, and feel like she has a purpose on Earth. Another answer Farrah gave was that it’s important to surround yourself with people who are supportive and have positive energy. You can be tough as nails and ignore negative people, but it still can chip away at you. Instead, remove all those negative people or situations from your life, so you can focus on the positive. It’s definitely something I’ve done. In my lifetime, I’ve definitely had to quit jobs or remove friends from my circle who weren’t adding to my life, only detracting from it. What’s Next for Farrah? She’s got three 2 year-old brick-and-mortar businesses. She’s got a best-selling book. She’s got millions of fans on social media. From the outside looking in, it looks like she’s got a pretty cushy set-up and could easily retire early. But, that’s not what she wants to do. Instead, she hopes to develop her book about her life story into a movie, and become a director and producer in the film & TV industry. She also has plans to write her first business book. And I can’t wait to have her back on the show to talk about it! For full episode show notes, visit: https://jessicamoorhouse.com/166

2018-09-05 14:00:00

165 Get Paid Your Worth: Negotiation Tips - Kathlyn Hart, Salary Negotiation Coach

For my Season 6 finale episode, I chat with Kathlyn Hart, podcast host of The Big Leap Show and salary negotiation coach. We talk about earning what you deserve, practical ways to ask for a promotion and/or raise, and recognizing when it's time to jump ship for the chance at a higher salary with a different company. As I mentioned in this episode, I'll be taking the next two months off for a much needed break, but I'll be back for Season 7 in September! Long description: It’s the Season 6 finale episode, but I’m ending things off with one hell of an inspiring and motivating episode! I chat with salary negotiation coach Kathlyn Hart about what to do (and not to do) to negotiate a higher salary so you can be paid your worth. It’s actually pretty funny timing this episode because this time 2 years ago is when I asked my boss for a promotion and a raise. I thought I took all the right steps to level up my job and income, but little did I know I actually made a ton of mistakes. So many in fact that I ended up quitting that job. Obviously, I don’t regret how things turned out. It gave me the push I needed to leave a job that wasn’t fulfilling to run my own business. And now, I’m a year and a half in to being an entrepreneur and I’m so thankful for it. But, that being said, I sure wish I knew some of the tips and tactics Kathlyn shares in this episode when I was back working a 9 to 5. I wonder how things would have been different. To sum up some of Kathlyn top tips, I’ve compiled them below in case you want to be brave and get paid better than you are now. Salary Negotiation Beings in the Job Search This was a big mistake I made early on. I always chose jobs and industries that were on the downturn or didn’t have any growth potential. Because of this, for most of my corporate life, I earned really low salaries and never got promotions or raises. Well, what you’re supposed to do is pick a job and industry that are the opposite of that. As Kathlyn mentions, a project manager for a non-profit is going to be paid substantially less than a project manager for a Fortune 500 company. This is something you need to consider before applying for jobs, because it could be the difference of earning $50,000 or $150,000 per year. Be Confident When Talking Salaries in Interviews I always dreaded when the interviewer would ask me my salary expectations. Most of the time I was so desperate for the job, I always gave them my lowest possible number, and would always kick myself a few months later when I was in a role making less than I deserved. Do not do this. Kathlyn has a strategy that focuses on your wish, your want and your walk. Those three numbers are your dream salary, the salary you’d be satisfied with, and the salary that would make you walk away from the job offer because it’s too low. Instead of starting with your lowest offer, ask for your dream salary. Of course, it’s important to back that number up with research, comparables from other jobs in similar sectors, and your skillset. But, if you present your ask with confidence and certainty, the interviewer will be more likely to see your value and want to lock you down for the job. Be Okay with Walking Away If you don’t feel like you’re earning enough at your current job, and you feel like you’ve done everything to bump up your salary but nothing’s working, it might be time to walk away. It’s no secret that the easiest way to increase your salary is by jumping ship to another company. Just make sure you’re prepared to ask for the salary you really want before accepting your next job offer. Download Salary Negotiation Scripts Download Kathlyn’s free scripts to practice with my texting earnmore to 44222 For full episode show notes, visit https://jessicamoorhouse.com/165

2018-06-27 13:00:00

164 How to Know If You're Investing Right - Pauline Shum Nolan, Co-founder & CEO of Wealthscope

One of the most common questions I get from people when it comes to investing is "Am I even doing it right?" It was also a question that my next guest Pauline Shum Nolan (Finance Professor) also gets, which is why she co-created Wealthscope, a website that helps investors understand their investments so they can feel more confident about what they're doing. Long description: It’s not every day I get to chat with a professor of finance! But that’s exactly why I sometimes have to pinch myself because my job as a podcast host can sometimes be so unfairly fun. For this episode of the Mo’ Money Podcast, I sit down with Pauline Shum Nolan, Professor of Finance at the Schulich School of Business at York University and the co-founder and CEO of Wealthscope. Basically, when it comes to investing, she really is an expert. She not only teaches finance at York University, she also manages the school’s pension program. And if she wasn’t busy enough, she developed an website called Wealthscope to educate and empower investors. We talk a lot about investing strategies in this episode, and big point we both keep bringing up is the lack of confidence so many people have when it comes to investing. That’s why so many of us just want to hand everything over to an advisor to deal with it, even if that might actually be the worst thing we could do with our finances. You see, investing isn’t that complicated when you break it down. And once you truly understand the basics, it’s easy to slowly build up your investing knowledge to a point where you feel completely comfortable managing your own investment portfolio, buying and selling stocks, and knowing when to call out someone for spreading misinformation. Here are a few key points we discussed in our interview together. Stay Diversified & Ditch High Fees Investing doesn’t just mean dumping your money in stocks and hoping for the best. It also shouldn’t mean handing over your money to an advisor and praying they manage your money properly. The best way to invest is to be an informed investor, staying diversified (investing in multiple investment products), and saying no to high fees. Let’s first start with staying diversified. There’s nothing wrong with investing in individual stocks, real estate or cryptocurrency. But you would be making a mistake if that was the only thing you’re invested in. A better way to invest would be to invest in index funds or index-based ETFs, then some individual stocks and/or real estate. And if you really wanted to dabble in something highly speculative, throw some money at cryptocurrency. Basically, following the rule of thumb to not put all of your eggs in one basket is the best way to do it. As for fees, the less fees you pay, the more money in your pocket. That’s why a lot of people are moving away from actively managed mutual funds in favour of low fee ETFs or index funds. You could be saving 1-2% in fees, which over a few decades could equal to hundreds of thousands of dollars. Keep It Simple When Rebalancing Your Portfolio Now, if you’re on board with becoming a DIY investor (which I think is awesome!), this is actually one of the top questions I get asked after what ETFs should I invest in (which I usually suggest checking out the Canadian Couch Potato’s model portfolios for a start). Rebalancing your portfolio isn’t something you should fret over. As mentioned countless times in Andrew Hallam’s amazing book Millionaire Teacher, you only need to rebalance your portfolio once per year, or when there is a big market correction. All rebalancing means is either sell/buying some of your equities or fixed income so it goes back to your initial asset allocation goal (ie. 80% equities, 20% fixed income), or buying more equities or fixed income to balance things out. To learn more about how to rebalance your portfolio, read this article from Investopedia. For full episode show notes, visit https://jessicamoorhouse.com/164

2018-06-20 13:00:00

163 How to Achieve FIRE in Your 20s - Gwen Merz, Blogger at Fiery Millennials & Co-host of FIRE Drill Podcast

For this episode, I talk with Gwen Merz, the blogger behind Fiery Millennials and the co-host of FIRE Drill Podcast. As you may have guessed, we go in-depth about FIRE, chat about Gwen achieving financial independence in her 20s, and some terms you may not have her of from the FIRE community. Long description: For this episode of the podcast, I chat with a new friend I made recently at an event called Statement. It was a women in business retreat for women in the financial blogging space, and I can’t even tell you how life changing it’s been. But that’s not what I want to share anyway. I want to share that at this event, I got to meet the amazing Gwen Merz who was able to achieve something not many 20-year-olds can! I’m talking about achieving financial independence. We chat in-depth about what that actually means, and no, it doesn’t mean she’s retired. For her, it means she saved up enough money to afford to leave her corporate job, move cities and then focus on her blog (Fiery Millennials) and podcast (FIRE Drill Podcast) full-time. It also means she saved up enough money that by retirement age, it will have grown to an amount she could easily retire on. So I know I’ve had a lot of guests on the show in the FIRE community that have been able to achieve financial independence and retire early, but Gwen’s story might actually be a bit related. She didn’t save up a million dollars and is now living an easy life. She was able to save up $200,000, bought an income property for about $80,000, but still intends to work to earn a living. She’s set things up so in the future she will earn passive income from your property and her $200,000 will have compounded into a way bigger amount she can live off of in retirement. But, she still needs to earn money for her present needs. Which is why now she’s exploring some different entrepreneurial avenues such as making stained glass art and selling it, selling courses on how to start an Etsy store, and monetizing her popular blog and podcast. You see, FIRE isn’t a straight road. You can actually apply the principles in any way you want. There’s no right or wrong way to FIRE! Here are a couple other things we talked about when talking FIRE. Lean FIRE vs. Fat FIRE These are terms I recently learned about when I was actually at a FIRE meetup in New York City last month. Lean FIRE is when you’ve saved up enough to live on for the foreseeable future, but you’d be living a fairly frugal life. You’re living in a low cost of living area, your expenses are minimal, and you don’t need that much to live off of. It’s sounds fine if you’re more of a minimalist, but obviously it’s a bit restricting Fat FIRE is when you’ve saved up enough to live the life you really want with little to no restrictions. For instance, I met a woman at the meetup who was on her way to achieving Fat FIRE and she told me her goal was to save up $7 million. Albeit, she wanted to continue living in New York and travel a lot, but it’s a big difference when compared to Lean FIRE. Why the FIRE Community is Exploding My only comparison to the FIRE community is the debt-payoff community. Two communities that are massive and members are diehards for. With FIRE, to me at least, it’s a bit more exciting. The end goal is to have enough money to live whatever life you want. And that’s exactly why Gwen also thinks the FIRE community is exploding right now. It gives people purpose with their money. Instead of just being responsible with your money so you can eventually afford to buy that car, that house or some trips in the future, it’s way more exciting to save up for early retirement or the freedom to quit your job to start your own business! That’s sort of why I consider myself a bit financially independent. I don’t have enough to retire on or anything like that, but I did have the financial security to be able to leave my job to focus all my energy on my own business. FIRE Resources You May Want to Check Out Mr. Money Mustache The Simple Path to Wealth by JL Collins Mad Fientist Your Money or Your Life by Vicki Robin For full episode show notes, visit https://jessicamoorhouse.com/163

2018-06-13 22:54:55

162 Why Your Money Matters - Jen Hemphill, Author & Money Confidence Coach

It's been a few years since I had Jen Hemphill on the show (episode 48, check it out!). And a lot has happened since that first interview. Jen is now an author, having recently published her first book entitled Her Money Matters, and we discuss three big components in her book for this episode: finding your "Why", financial confidence and practicing value-based spending. Long description: For this episode, I’m bringing back a guest who hasn’t been on the show since 2016 (episode 48 if you want to check it out), and boy has a lot happened since then. I’m talking about the wonderful Jen Hemphill, who is a money confidence coach and Accredited Financial Counselor®, as well as the podcast host of Her Money Matters. But she also has a new title she just added, and that’s author. She recently published her first book, also called Her Money Matters, and we dig in to some of the big topics she discusses in her book in this episode. Finding Your “Why” Is Key for Your Money I am a big believer that money isn’t just about money. It’s so much more than that. Money is also about your hopes, dreams and goals. And the only way to achieve any of those is by figuring out your why. We all know we shouldn’t spend too much, should save and invest, and should get or stay out of debt. But without a clear why for doing any of these things, we don’t do any of them. That’s why determining your “Why” is key for financial success. It’s a huge motivator and will keep you on track and grounded. Financial Confidence Is Something We Need to Work More On This may not be a big issue with men, but it’s a big issue with women. I talk to so many amazing women that from the outside look like they are doing so well! And then they explain how they don’t have that much confidence when it comes to managing their own money or asking for a raise. This is a big problem, and something we all (men and women) need to work on. If we’re all confident in ourselves, we’ll naturally make better decisions and be able to live lives that are more joyful and fulfilling. Value-Based Spending Is a Better Way to Spend For years (and sometimes even still), it felt like every book or newspaper article I read, the advice was the same: “Stop spending your money!” or “Stop buying expensive lattes!” Well, when you keep hearing those things over and over, you start to feel bad about spending anything at all, and that’s just ridiculous! Money is meant to be spent. The money you’re currently saving up? You’ll eventually spend it. That’s the purpose of money. But, it doesn’t mean you should overspend. It’s important to practice value-based spending, so you are spending on things that align with your values and bring you joy, while staying conscious of your budget. For full episode show notes, visit: https://jessicamoorhouse.com/162

2018-06-07 00:06:00

161 How Mindfulness Leads to Better Money Decisions - Laurie J. Cameron, Author of The Mindful Day

If we're not mindful with our money, that's when mistakes happen. Stupid mistakes. Mistakes that are 100% avoidable. Mindfulness plays a bit role in our financial lives, which is why for this episode I interview Laurie J. Cameron, author of The Mindful Day, to explore this topic in-depth. Long description: It was such a treat to have Laurie J. Cameron on the show to talk in-depth about mindfulness, and what role it plays in our financial lives, and our lives in general. Mindfulness, as you may already know, has become a sort of buzz word lately. Millennials especially are desperate for a solution to their digital anxiety, and mindfulness practice is being adopted at a very high rate (for a very good reason). I myself have been trying to practice mindfulness. As I mentioned in this episode, I sometimes feel like I’m always chain to a computer, my phone and there are just a million things to do. What’s worse is because I feel perpetually busy, most of the time I’m just working on auto-pilot, without really taking a moment to consider what I’m doing. And when it comes to money, you don’t want to be on auto-pilot. You want to be mindful of every decision you make, so you know you’re making the right decision, not the just easiest one. I know I’m not alone, and I know that this is no way to live. It’s not sustainable and it just leads to more stress and anxiety, and who wants that? This is why I wanted to have Laurie on the show. To share her wisdom with us and to provide some helpful practices we can all start doing right now in our daily lives. For full episode show notes, visit https://jessicamoorhouse.com/161

2018-05-30 13:26:13

160 How to Avoid Student Debt with Scholarships - Jocelyn Paonita, Founder of The Scholarship System

You don't have to get into debt to go to school. Even though it looks as if everyone has student debt these days, there are actually people out there that go to go to school for free! And no, it's not because they are trust-fund kids, it's because they applied to scholarships and were able to secure enough funding to pay for their tuition. I was able to get my first year paid because of scholarships, and Jocelyn Paonita, founder of The Scholarship System, was able to get her degree paid from scholarships too. Now, she's on a mission to help others prevent themselves from getting into student debt by teaching others about scholarships through her online community, courses and book. Long description: I met Jocelyn Paonita Pearson over 2 years ago at FinCon in San Diego. And ever since that first meeting, I remember thinking that I needed to interview Jocelyn on my podcast. Well, it took me a while to finally get around to ask her, but I’m so glad I did wait because she has been able to accomplish so much since that first meeting. Now, she’s running her own successful company called The Scholarship System, has a best-selling book (also called The Scholarship System), and has a popular online course focused on helping parents and students find scholarships. As mentioned in our interview together, right up until now her company has helped secure $1,000,000 in scholarships for students. In other words, that’s $1,000,000 of debt those students just avoided. That’s major! In our interview, we chat a lot about how to prevent getting into debt through student loans by getting scholarships, and I want to share the 3 top tips Jocelyn shared with me about how to up your chances of getting scholarships to pay for college. Start Local Don’t start big when it comes to scholarships, start small by researching local scholarships you’re eligible for. The logic with this is that even though these scholarships may not be big money, there is less competition because most people don’t know about them. Jocelyn herself had some great experiences applying (and getting) local scholarships for her own degree. One degree she mentioned only had 4 applicants, and the it was then decided that the scholarship would be divided evenly amongst each applicant so everyone came out ahead! Pitch Companies to Start their Own Scholarships If there’s a company you like, pitch them the idea to start their own scholarship. Not only would there be some potential tax benefits, it could also be used as a marketing tool or a way for them to recruit future talent. All You Need Is One Great Application Kit Yes, it will take you some to get your materials together to apply to a bunch of different scholarships, but here’s a great tip. Just focus your energy on creating one awesome application kit, that should include things like a personal statement, then tweak those documents just a little bit to customize them for each application. Most students think they need to create unique documents for each application, but you can actually just duplicate what you’ve got by making small changes to each. That’s what you do when you’re applying for different jobs, so it’s the same thing for scholarship applications. For full episode show notes, visit https://jessicamoorhouse.com/160

2018-05-23 13:00:00

159 How to Become Financially Independent by 35 - Chris Reining, Early Retiree & Writer

Another inspiring interview to get you excited about FIRE! I interview Chris Reining in this episode, who was able to achieve financial independence by 35 (meaning he saved up $1million), and retire comfortably at 37. Now, he spends his days working out, doing yoga and meditating, and writing on his blog at ChrisReining.com. So, how did he do it? He shares how in this interview, so check it out! Long description: I’ve been chatting to a lot more guests this season who’ve been able to achieve financial independence in their 30s, and wow is it inspiring! Because really, they didn’t do anything crazy to achieve financial independence. They just made that their main goal and went for it! And Chris Reining, who was able to reach financial independence at 35 and retire at 37, is no different. He didn’t come from wealth, and although near the end of his career his was earning money, he was by no means “rich”. He worked in cyber security in Madison, Wisconsin and did two main things to reach his goal of saving up $1,000,000 for retirement. Practice Value-Based Spending This term “value-based spending” has been popping up a lot more, and for good reason. It’s taking the extreme out of being totally frugal or a shopaholic. It is giving you permission to spend your money (because after all, that’s what it’s for), but also giving you that balance and perspective so you spend it wisely. By practicing value-based spending, not only will you feel more joy when you do spend money, you’ll also find that there’s a lot more money available to save for your future goals. Chris shares that when he started practicing this, he found it easy to cut out coffee, cable and his expensive hobby of flying planes. They didn’t align with his values, and so he started only spending money on what did, and then making a conscious effort to live below his means so he could continue to save up and invest for his goal of early retirement. Earn More Money As Chris says in our interview together, at a certain point, there’s no where else to cut back, and at that point you’ll need to figure out how to earn more money. What Chris did to grow in his career and earn a higher salary was find a mentor, learn some new skills and push himself to take public speaking lessons by joining Toastmasters. By doing this, he was able to earn more and reach his goal of financial independence that much sooner. For full episode show notes, visit https://jessicamoorhouse.com/159

2018-05-16 13:00:00

158 Practical Investing for Canadians - John Robertson, Author of The Value of Simple

For the second time on the podcast (I had him on the show in 2015, episode 25 if you want to check that out after), I chat with The Value of Simple author John Robertson about his tips for practical investing for Canadians. Long description: It’s crazy to see how fast time flies…like when I interviewed John Robertson, author of The Value of Simple and personal finance blogger at HolyPotato.net, for the first time for episode 25 of the Mo’ Money Podcast back in Nov. 2015. That was almost 3 years ago! And that was also back when I got my guests to come over to my tiny apartment in Toronto to record with me in person. How is it already May 2018 and I’m at episode 158? HOW?! A lot has changed since that first interview. Not only has my own life and career changed significantly, but my investing knowledge too. When I first interviewed John, I’m almost embarrassed to admit how little I understood about investing. But then again, that was the whole point of interviewing him! So I could learn more about it and help others do the same. You see, everyone starts from investing knowledge 0, but no one ever talks about that, do they? When the topic of investing comes up, it always seems like everyone in the room knows what everyone else is talking about, and the ones who don’t, well, they just keep that to themselves and presumably google what “index fund” and “diversified portfolio” mean later (like I used to do). That’s why I really loved talking to John for episode 25. He explained investing, and more specifically index investing, in a very understandable and simple way. Which is a big reason why I’m always recommending his book The Value of Simple and his Practical Index Investing for Canadians course to anyone who wants to broaden their investing knowledge and be able to take action with confidence afterwards. That’s also why I wanted to bring him back on the show, because in the 2.5 years that have passed since our first interview, not only am I much more knowledgeable and confident when it comes to investing, I’m now an Accredited Financial Counselor-Canada® (which just means I studied investing in-depth to get my certification). If there’s one thing I hope you take away from this new interview with John, it’s that investing is for everyone. It’s not reserved for the already wealthy. It’s not just something people who love stock picking do. And it’s not something you need a lot of money or time to get started. Remember, if this girl who literally didn’t know what an index fund was 3 years ago can figure it out and become an empowered investor, so can you! For full episode show notes, visit https://jessicamoorhouse.com/158

2018-05-09 13:00:00

157 Building Confidence to Live Your Best Life - Lauren Ferraro, Speaking Coach

Confidence doesn't just mean walking in the room and feeling powerful. It's what can help us get that job on the first interview, get that raise or promotion, network more authentically, or even start your own money-making venture. For this episode of the podcast, I chat with Lauren Ferraro, a speaking coach and instructor in Toronto (and also my speaking coach), about how to be more comfortable on stage, how to lean in and not be afraid to make your voice heard, and be the best version of you that you can be. Long description: The minute I met speaking coach Lauren Ferraro for our first lesson together, I new I needed to have her on the podcast. And not just because she’s an expert speaker (a podcaster’s dream!), but because she just exudes confidence. I’m not talking about puff out your chest, hold your head up high kind of confidence. I’m talking about genuine confidence in yourself. Something I think most of us wish we had more of. So, for this episode of the show, she joins me to chat about confidence, or in her case, being comfortable on stage, in a room or in yourself. The reason why it’s so important to have that confidence is because by being comfortable in yourself, you’ll feel more inclined to take risks that will inevitable have financial benefits. I’m talking negotiating your salary for a new job, getting a promotion and raise, pitching yourself as a freelancer, pitching your products and services as an entrepreneur or business owner (you get the idea). I know that after listening to this interview, you’ll immediately want to start putting some of her tips into practice. For instance, her advice on how to network but practicing what you’re going to say ahead of time is invaluable! Also, make sure to check out the links below for more info about Lauren and her speaking business (which in my opinion, is so worth the money!). For full episode show notes, visit https://jessicamoorhouse.com/157

2018-05-02 13:00:00

156 Life After Wall Street: From Investment Banker to Entrepreneur - Alex Grodnik, Podcast Host at Wall Street Oasis

Ever wondered what it's like to work on Wall Street? Then you'll love this episode! I chat with former investment banker Alex Grodnik who worked in the finance industry for almost 10 years, but eventually left to pursue an MBA then become an entrepreneur to live life on his terms. Beyond sharing what life is like as an investment banker, Alex also shares some great tips on how to invest your money and how to be your authentic self. Long description: I’ve always been curious what it’s like to be an investment banker. I mean, is it really like Wolf of Wall Street, The Big Short or the classic Wall Street? Or is that all dramatized and it’s really just another office job? After talking with Alex Grodnik, host of the Wall Street Oasis podcast, I feel like it might be a mix. Alex worked in investment banking for just under a decade, and left to pursue an MBA and start his own business, a fintech startup in LA called Payclub. But before he transitioned into entrepreneurship, he was an analyst at JPMorgan, then moved onto an advising role at Houlihan Lokey. He pursued a career in investing because he was always interested in investing and finance from an early age. But after working in the industry for several years, he realized it wasn’t something that got him excited anymore. Luckily, he was one of the smart investment bankers and just saved everything he earned (instead of falling victim to lifestyle inflation). Because he lived fairly frugally and saved the majority of his income, he was able to quit, go back to school and have the financial freedom to become an entrepreneur. In this episode we talk about what life is like for an investment banker and what some of his tips for investing are for regular people like us. Here are some of my favourite tips he shared. Buy & Never Sell This isn’t exactly his, tip, it’s one from Warren Buffet, but he shared it and I liked it. Basically, for anyone who is too afraid to invest because they are really risk averse, this is the secret sauce to not losing all your money in the stock market. Buy and hold. As Alex mentioned, you can’t time the market and you’ll probably never buy at the bottom or sell at the top of the market. But, if you buy and hold onto your investments for the longterm, you really can’t go wrong. It’s only when you sell in a panic because you see the markets dipping that you’ll lose money. Don’t Borrow Money to Invest I can’t stand articles out there that encourage people to borrow money to invest with because debt is cheap and it’s a bull market. Hey, if you want to take that chance, go ahead. I hope things work out for you. But for the average investor, the smartest thing to do is invest money you actually have, and invest any excess savings or money that comes your way. You got a tax refund? Awesome, invest it. You got an inheritance? Fabulous, invest it. You got a side hustle and don’t know what to do with that extra cash? Invest it! Answer Truthfully “When Do You Feel Like You Are Your Most Authentic Self?” I’m not sure if I got the wording on that exact, but this is something Alex asked himself when he felt like he wanted to make a change in his career. I loved how he put it, because I did the same thing when I was considering leaving my job. I asked myself when I felt the most proud and confident in myself, and the answer wasn’t sitting in a cubicle being told what to do by my boss. It was when I was doing my own thing with the podcast, blog and speaking that I felt I was being the me I always wanted to be. So, if you’re in a rut, ask yourself the same thing. When do you feel you are your most authentic self? For full episode show notes visit https://jessicamoorhouse.com/156

2018-04-25 13:00:00

155 Practical Strategies to Pay Down Debt & Retire Early - Deacon Hayes, Author & Founder of Well Kept Wallet

Want to learn how to become debt-free and financially independent? It doesn’t have to be one or the other, you can dig yourself out of debt and retire early. Just take it from Deacon Hayes from Well Kept Wallet who was able to pay of $52,000 in debt in only 18 months, then become financially independent and retire early with his family. If he can do it, why not you? Long description: Deacon Hayes, the blogger and podcaster behind Well Kept Wallet, was knee deep in debt to the tune of $52,000 in 2010. But instead of digging himself further and further into the whole, he decided to take responsibility and dig himself out. He started by looking to the experts, other bloggers and authors that offered personal finance advice, and was able to implement their strategies to become debt-free in only 18 months! Now, he’s all about educating others to do the same. But he doesn’t just focus on helping others become debt-free, he also wants to share how they can become financially independent and retire early too. That’s certainly never something he thought he’d be able to accomplish, but now, in 2018, he is financially independent and technically an early retiree. But instead of drinking Pina Coladas on the beach somewhere, early retirement to him means being able to afford to do what he wants with each day. And what he wants to do is educate and inspire others to take control of their finances so they can live the lives they really want. How to Become Debt-Free So, in this episode we talk about a lot of things, but first let’s talk about debt repayment. Honestly, at the end of the day, to get a handle on your spending and debt, there are two simple things you need to do. Reduce your expenses Make more money If you actually implement both things, you’ll be able to become solvent once again. It may take some time (longer than 18 months), but even if it takes a few years, these two things are key and they work! Deacon also recommends the cash envelope system for reigning in spending, and having monthly money meetings with yourself or your partner to talk about your budget, your spending and net worth, and your future goals you’re working towards (and I totally agree!). How to Become Financially Independent Now, let’s talk early retirement. In order to achieve financial independence, there are three paths you can follow (though technically you don’t have to pick just one, you can do a combination or all three): Invest in real estate Invest in the stock market (no more than 10% individual stocks, then diversify your portfolio with index funds and ETFs) Earn more money through entrepreneurship And to help guide you and give you examples on how to do this, Deacon share real-life case studies on his website. Get His Course for Free Want to take Deacon’s “Debt Free in 18 Months” course for free? It’s valued at $97, but you can sign up for free by going to: wellkeptwallet.com/retire For full episode show notes visit https://jessicamoorhouse.com/155

2018-04-18 23:10:30

154 The Best Hacks for Your Wallet - Jim Wang, Blogger at Wallet Hacks

For this episode of the podcast, I talk with veteran personal finance blogger Jim Wang about how he was able to sell his first blog (Bargaineering) for 6-figures after having it for just 5 years, and what some of his best wallet hacks are that he shares on his current blog, the aptly named Wallet Hacks. Long description: For this episode of the podcast, I talk with veteran personal finance blogger Jim Wang about how he was able to sell his first blog (Bargaineering) for 6-figures after having it for just 5 years, then we dive into some of his top wallet hacks that he now shares on his current website, Wallet Hacks. First, let’s go back to the part where he shares that he was able to sell his first blog for a million dollars. There aren’t too many bloggers out there that I know have who have been able to do this (aside from JD Roth of Get Rich Slowly), so this is pretty impressive. What’s even more impressive is how frickin’ humble Jim is! You would never know that he’s financially independent and pretty much just living that best life from talking to him. He just comes off as a normal guy who write about money hacks for living at home. Which I guess he is, but still, sold his blog for 6-figures, I still can’t get over that! Anywho, after selling that blog, he started up a new one called Wallet Hacks, which as you can guess is all about tips, hacks and strategies to optimize your dollars, be smart with your money, and become financial secure. Here are some of the hacks he shared with me in this episode. The Secret Santa Hack You may already know about doing a Secret Santa hack. It’s fairly popular in the office during the holidays (also in The Office, one of my favourite shows). This is something I’ve actually been able to take out of the workplace and integrate into my family life. All it requires is instead of buying gifts for everyone, you get assigned a person (in secret), buy them a gift, and then gift it to them on Christmas. Someone else is assigned you, and someone else is assigned that person and so on. My family has been doing this gift exchange for two years now, and I’ve got to say, it’s amazing. We don’t have any young kids in our family anymore, which makes it easier, but it really is a big financial relief each Christmas. The holidays are an expensive, even without gifts, so this is a huge life saver. Amazon Hacks Jim doesn’t just have one hack for Amazon.com, he has 16! But, if you’re Canadian, I can’t confirm if all the hacks work for Amazon.ca, but you never know. You can read about all 16 Amazon hacks on his website, but here are just a few of them: If you’ve never used the app, download it, find a promo code like MARTH549N, and get $5 in credit. Get $1 in credit for ebooks, digital videos and more when you choose no rush shipping. Purchase from out-of-state third-party sellers to avoid sales tax. Track Your Net Worth This isn’t really a hack, but man is it a good thing to do. I’ve been tracking my net worth as well as my spending for over a year now, and it’s changed the game for me. Jim has been doing it for more than a decade, and he says it’s a big reason he’s been able to stay on track financially all these years. If you want to start tracking your net worth, here’s my free net worth spreadsheet to get started. Get Credit Card Payment Notifications Another thing Jim does to curb his spending is getting notifications or emails directly to his phone whenever he makes a credit card purchase. Not only does this help him know instantly if any fraudulent purchases are being made with his card, but it also reminds him of how much he’s spending. This is something I’m going to set up right now, because the one thing I hate about using my credit card is it’s just way to easy to tap and pay and forget about what you just bought. For full episode show notes, visit https://jessicamoorhouse.com/154

2018-04-11 13:00:00

153 Real Estate Investing & Becoming a Leader - Scott McGillivray, HGTV Star & Real Estate Investor

I chat with HGTV star & host of Buyers Bootcamp Scott McGillivray about how to become a real estate investor in Canada, and how to go against the grain, take risks and go after what you truly want in life. Long description: It’s not every day you get to talk someone you’ve binge-watched on TV before. And man have I binged (okay, now it sounds like I’m a stalker). It’s just that I’m such a huge HGTV fan and have 100% watched every single episode of Scott McGillivray’s Income Property. As I mentioned at the end of the episode, I loved that show so much I even bookmarked a webpage application to be on the show. But I never applied. Partially because I was way too much of a scaredy cat, and partially because I didn’t own a house to transform into an income property (that’s probably the main reason actually). Although that dream may have gone by the wayside, the dream of one day talking to the one and only host of Income Property, and now Buyers Bootcamp, Scott McGillivray certainly came true! And who better to talk to on the podcast about becoming a real estate investor in Canada. I know I’ve mentioned a few times on the podcast how I’ve always had dreams of owning a few properties to rent out so I could have some passive income to fall back on in retirement. Well, I’m on my way slowly with owning my first property (my townhouse). Though that’s not really an income property as I currently live in it. Still, it’s a step in the right direction. As for adding on actual income properties, or trying my hand at flipping properties, I unfortunately have to wait a few more years. Since I’ve only been self-employed a year, my mortgage broker informed me I would need at least 3 years of self-employment records on hand when applying for another mortgage. So, I’ve just got a few more years ahead of me, but I’m hoping that in the meantime I can grow my income so my husband and I won’t have as hard of a time getting a good mortgage rate. But enough about me, let’s talk about Scott, because he’s amazing! Not only did he buy his first income property in his 20s as a university student, he was able to grow his real estate portfolio exponentially in just a few years after that. And fast forward to now, he’s one of the most popular faces on HGTV. If you wondering how that all happened, it wasn’t luck. It was a ton of hard work and finding people to say “Yes” when everyone around him was saying “No.” That’s the message I think I love the most from this episode. The message that the only way to succeed is just not giving up. As Scott mentioned, we’re trained to be workers in university, not leaders. Which is a big reason I believe that so many of us have trouble fitting in because we’re meant to be leaders or entrepreneurs. That’s definitely my experience, so it was pretty cool hearing Scott’s take on that. Scott also mentioned three key steps for success that I wanted to reiterate here. They can be used for real estate investing specifically, or achieving any type of goal really. 3 Steps to Achieving Your Goals 1. Gather Information This means taking the time to gather information for yourself so you have the tools and information to move forward. It could mean reading books or articles about the subject, watching informational shows like those on HGTV, or going to events or conferences. 2. Education Once you’ve gathered the information you need, it’s time to educate yourself. You can do this by doing case studies, finding a mentor or instructor, or shadowing someone who is an expert in that field. 3. Implementation Last but not least, you need to take action. As Scott mentioned, this is the step that most people fail at because they expect instant results or don’t fully see it through. You need to try, then try again. And if it’s not working and you keep failing, you need to go back to the first two steps to see what you’re getting wrong, then pivot. For full episode show notes, visit https://jessicamoorhouse.com/153

2018-04-04 13:00:00

152 How to Get Money (in More Ways than One) - Kristin Wong, Journalist & Author of Get Money

Do know how to get money (as in earn), and do you truly get money (as in understand)? I talk with Kristin Wong, financial journalist and new author of the book Get Money about all things getting money! We talk about why people have such a hard time taking action on bettering their financial situation, setting financial goals, money and relationships, and being in the driver's seat of your investments. Long description: 2018 is the year of the woman personal finance author, and I’m all about it! Just to recap, for season 6 of the Mo’ Money Podcast, I’ve interviewed the following fabulous female authors who’ve published books this year: Shannon Lee Simmons (author of Worry-Free Money), Elizabeth Willard Thames (author of Meet the Frugalwoods), and Cait Flanders (author of The Year of Less). And for my latest episode, I’m interviewing first-time author Kristin Wong of Get Money. You may already be familiar with her YouTube channel or maybe you’ve see some of your articles in the New York Times, LifeHacker, or New York Magazine’s The Cut. She has been talking and writing about money for a while now, so it was only natural for her to write a book about how to live the life you want, not just the life you can afford. Honestly, in addition to Broke Millennial by Erin Lowry, I think Kristin Wong’s book is the perfect for anyone just starting out in their personal finance journey and is looking for some actionable steps to take. And I really do mean actionable, because Kristin wrote her book in a way that will get you thinking and then doing! What I love is that she breaks up her book into stages. Just like life has stages, so does you money. First, you need to power up, then optimize, then grow. I know that sounds simple, but she goes into way more detail in the book. And we chat about a few of those things in this episode. Specifically, why people don’t take action. A lot of us know what we’re supposed to do, but it’s hard to change how we’ve always done things. One of Kristin’s hopes is that her book will be that trigger to help you get moving. Next, we talk about goals. I never really knew financial goals were a thing when I was in my 20s, but I was always working towards something when I was starting to save and invest my money. If only I had made some of those goals more specific, I wonder where I’d be now in my financial life. Then, we talk about something we’ve all dealt with in one way or another: money and relationships. I know first-hand everyone has an opinion about how you and your partner should manage your money, but honestly, those people need to stay in their lane in my opinion. There is no right or wrong way to manage your money, no matter if you’re single or in a partnership. It’s all about what makes the most sense for you and who you’re managing your money with. Last but not least, we talking about investing. Something that way to many people believe is harder than it actually is. The thing is, you don’t need some fancy investment advisor in an expensive suit to tell you how to grow your money. You can actually do it yourself, or use a robo-advisor to make sure your investments are on track, as long as you get more comfortable with the lingo and some of the best practices out there. I sincerely loved chatting with Kristin, and 100% recommend her book. I know as soon as I my younger sister moves out on her own, it’s gonna be one of the first books I hand her. For full episode show notes, visit https://jessicamoorhouse.com/152

2018-03-28 13:00:00

151 Worry-Free Money - Shannon Lee Simmons, Author, CFP & Founder of The New School of Finance

At the end of the day, money shouldn't be something you worry about, or feel guilty about, or don't even want to think about. We all deal with money. We all earn it. We all spend it. But it shouldn't be something we're ashamed of or hate talking about. Which is why I loved reading Shannon Lee Simmons' new book Worry-Free Money, which takes a unique and refreshingly positive approach to how to manage your money and feel good about it. Long description: I know I say this for almost every episode, but this seriously is one of my favourite interviews. And it could be because when I met Shannon Lee Simmons, author of Worry-Free Money and founder of The New School of Finance, for the first time, I immediately clicked with her. There aren’t too many financial planners out there who make money fun and cool, but she does and I’m so glad she was able to share her wisdom and personality on the podcast! We talk about a lot of different topics in this episode, but there are two main points that we touch on. First, that budgeting doesn’t have to be boring or restricting, especially if you try out her method of not categorizing all of your variable expenses. I know for me, that’s what I used to do, and I would always end up kicking myself for overspending on groceries one month or spending too much on eating out the next. Instead, just set aside an amount of money you can spend, and spend it until it reaches zero (and not more than that). If you do that, you’ll free yourself from the guilty of not matching your budget perfectly, but you’ll still won’t be spending more than you want. It’s simple really. So simple that I have no idea why we all over-complicate budgeting! Another big topic we tackle is the idea of comparing our financial situation to those of our peers. This is something that is absolutely normal and not something to be ashamed up. We want to keep up with our peers (who doesn’t?) and we want to do whatever it takes so we don’t fall behind. That being said, we don’t have all the information. We don’t know how much our peers earn, how much they spend, or what their net worth is. So really, we shouldn’t try to keep up with the Jones’ because we actually have no idea what’s going on with the Jones’ financials. Maybe they got a big inheritance which is why they could afford to buy a house. Maybe they are actually really frugal in their day-to-day lives which lets them afford those fancy vacations. Maybe they just have different values than us and are just really good at showing that good life on Instagram. The important thing to remember is we should put the focus back on ourselves. Are we happy with where we’re at? Are we spending on things that match our values? Are we meeting our financial goals? I probably could have talked to Shannon for another hour, but I called it at the 45-minute mark. That being said, I highly recommend her book Worry-Free Money (I seriously loved it!) and I also suggest you check out her online courses linked in the show notes. For full episode show notes, visit https://jessicamoorhouse.com/151

2018-03-21 13:00:00

150 Building a Successful Freelance Business - Matt Inglot, Host of Freelance Transformation

Is it even possible to build a successful freelance business without taking on debt and without sacrificing all balance in your life? Yes there is, and Matt Inglot shares how. Long description: Before I went full-time self-employed, I had this crazy idea in my head that freelancing meant you’d always be worried about money coming in, would be living from gig to gig and would have no balance in your life. Well, a year later and I was definitely proven wrong, but this episode isn’t about my story, it’s about Matt Inglot from Freelance Transformation. Not only does he host his own podcast all about freelancing, he runs a successful freelance business himself building websites for high-level clients. But as you might imagine, it wasn’t always smooth sailing for Matt. For him to achieve the success he has now, he made a number of mistakes along the way. Luckily, he’s open to sharing all of them on the show and has a lot of other nuggets of wisdom to share, such as don’t quit your day job before your side hustle is making money, always try to keep your overhead low, and try to avoid taking out a loan for your business if you can. For full episode show notes, visit https://jessicamoorhouse.com/150

2018-03-14 13:00:00

149 Living Your Best Life Through Sustainable Frugality - Elizabeth Willard Thames, Blogger & Author of Meet the Frugalwoods

Your path may not be to quit city living and move to the woods, but that's not what Liz's (a.k.a. Mrs. Frugalwoods) story is about. In her new book, Meet the Frugalwoods, she shares how defining your life can help lead you to your best life, whether that’s living simply in the country, living it up in the city, or being nomadic and travelling the world. Not matter what path you end up on, the most important things to always remember is being true to yourself and making sure you’re living a life with more intention. Long description: Joining me again on the podcast, and now no longer an anonymous blogger at Frugalwoods, Elizabeth Willard Thames is the newly published other of Meet the Frugalwoods. Not a “how-to” book on living that frugal life or reaching financial independence, but her personal story of how she was trying to check-off life’s checklist only to realize, that checklist wasn’t making her happy and didn’t align with her values anyway. I’m pretty sure most of us can identify with this. How many of us have been checking off things throughout our lives without really taking some time to think about whether what we’re doing or achieving is actually making us happy or bringing us fulfillment? I know I was doing that exact thing up until a year ago. I got my degree (check!), got married (check!), got a corporate job in Toronto’s financial district (check!), and by anyone’s standards was “making it.” But it didn’t feel like that to me, which is why I did a crazy thing and quit my job to work for myself. That’s why I totally get Liz’s story in her book. I can relate to it on such a personal level. Heck, I even fantasize about moving to the country (in the Maritimes) with my husband in the next few years. Now, I’m not sure if that’ll actually happen, but I am definitely taking a page out of Liz’s book by trying to be more intentional with my life and also practicing sustainable frugality. To me, that means spending my money on stuff that brings value to my life, and not spending money on stuff that doesn’t. Also being strategic so I can maximize my dollars so there’s more money to save and invest for my future. To me, this book was a great in-depth look into someone’s personal finance journey. I really loved this book, and I hope you do too! Check Out Liz’s Top Blog Posts Announcing My Book, “Meet The Frugalwoods: Achieving Financial Independence Through Simple Living Introducing Littlewoods! How I Figured Out What I Want To Do With My Life (And How You Can Too!) How To Be Frugal With Your Time, Not Just Your Money Buy & Review Meet the Frugalwoods Buy on Amazon.ca Buy on Amazon.com Buy on Indigo Review on Goodreads For full episode show notes, visit https://jessicamoorhouse.com/149

2018-03-07 14:00:00

148 Why You Should Be the CFO of Your Life - J.D. Roth, Blogger at Get Rich Slowly

You take so much care and consideration at your day job, why aren't you doing the same with your financial life? I chat with early retiree & big-time blogger about why everyone should be the CFO of their life. Long description: In the personal finance blogging community. J.D. Roth is considered a very big deal. He started his blog, Get Rich Slowly, early on, became one of the go-to resources for personal finance information, and he was able to sell it for I believe 7-figures, helping reach his goal of early retirement. And during his early retirement, he started a second blog focused more on being the CFO of your life called Money Boss, which also took off and was always nominated for Plutus Awards at FinCon every year. Well, at a certain point, J.D. realized he wanted his original blog back. Since he was in the financial situation to afford it, in the fall of 2017 he bought it back and now he’s back at it (and I’m loving it!). So, that’s a little bit of what we talked about this episode, but we also dive deep into getting your financial life in order, taking your finances seriously (as seriously you would a high-powered job in a big corporation), and what steps you need to take to reach financial independence like he was able to. If this episode won’t inspire you to get out of debt and start investing for your future, I don’t know what will! Check Out J.D.’s Recent Blog Posts Spending and Withdrawals During Early Retirement: A Real-World Example The Future of Money Boss The Secret to a Rich Life The Optimization Trap Follow J.D. on Social Follow J.D. on Twitter Follow Get Rich Slowly on Twitter Follow J.D. on Instagram Like Get Rich Slowly on Facebook For full episode show notes, visit https://jessicamoorhouse.com/148

2018-02-28 23:49:07

147 What You Should Know About Prepaid Cards - David Eason, Chair of CPPO

Do you know the difference between open-loop and closed-loop prepaid cards? Learn that & more in my interview with CPPO chair David Eason. Long description: Back in October 2017, I did a really crazy thing. I participated in the Money 20/20 Payments Race and it truly was an adventure I’ll never forget. The best part was being able to meet so many amazing people, and one of those people was a woman named Heidi who works for an agency that represents the Canadian Prepaid Providers Organization (CPPO). She was nice enough to offer me a free night’s stay in her home when I was in Denver, and to say thank you, I said I would gladly interview an expert from CPPO to talk about prepaid cards. I mean honestly, I think I won all around because I haven’t done an episode about prepaid cards and I actually really wanted to learn more about them from none other than David Eason, the chair of CPPO. Here are some of the things we talked about in the episode, and don’t forget to watch my entire Money 20/20 Payments Race vlog series! What is CPPO? CPPO stands for the Canadian Prepaid Providers Organization, which is a “not-for-profit organization and the collective voice of the open-loop prepaid payments industry in Canada. It is the only association solely focused on this growing industry and includes the major players in open-loop prepaid in Canada.” Open-Loop vs. Closed-Loop Having been blogging about personal finance for over 6 years, sometimes I feel like I’ve heard about it all, but apparently not! I had no idea that open-loop and closed-loop cards until recently. But don’t feel bad if you didn’t know what they were either. They are really terms that only people in the prepaid card industry use. So, what do they mean? It’s very simple. An open-loop prepaid card is either a Visa, Mastercard or AMEX prepaid card. It’s “open-loop” because it’s technically open to use at almost any retailer, as long as that retailer accepts credit cards for payment. A closed-loop prepaid card is a retailer-specific prepaid card, like a Home Depot gift card or a Shoppers Drug Mart credit card. The reason being is that they are comparatively “closed” because you can only use that card at that specific retailer. You Cannot Build Credit with a Prepaid Card One reason why the prepaid industry is trying to educate people about prepaid cards, and have moved away from calling open-loop cards “prepaid credit cards” is because they have nothing to do with credit. Open-loop cards work a lot like credit cards, but they will do nothing to help you build up a good credit history or rating. For full episode show notes: https://jessicamoorhouse.com/147

2018-02-22 14:00:00

146 How to Afford a Life That Fits Your Purpose - Pete McPherson, Blogger & Podcaster at Do You Even Blog

Don’t think you can afford to live a life you’ve designed yourself? Think again! Pete McPherson from Do You Even Blog shares how he risked it all to live a life with more meaning. Long description: As I mentioned at the beginning of this episode, I ended up randomly meeting Pete McPherson from Do You Even Blog at a party at FinCon this past October. I liked him right away. He was so friendly, funny and full of energy. So when he non-pitched me to be a guest on my show, I couldn’t resist! And what’s even better, I was a guest on his show, the Do You Even Blog Podcast (listen to my episode here). In this episode, we talk about how Pete made the risky move of leaving his cushy corporate job to do something crazy and start his own online business. Now, you may be thinking, why did he do this? Especially when he has a family? Well, it really came down to him wanting to start living a life that had more purpose and that he designed himself. Up until he made that change in his life, he felt like he was making choices based on what he thought he was supposed to do, not what he wanted to do. And because of that, he felt unfulfilled. Money really doesn’t buy you happiness. It’s a tool, and it’s up to you to use it the way you want. You can either earn money doing something you don’t really like, and then spend that money on stuff you think will make you happy (even if for a limited time). Or, you can take the risk to do something else, earn less, but spend the money you do earn to live a life that’s more intentional. This idea of intentional living and designing your own life has become a bit of a theme on the podcast, and I think for good reason. The more millennials I talk to, the more I see a big shift happening. We’re realizing that the dream of a white picket fence, two cars and a stable job just isn’t cutting it anymore. We want more. And not more stuff, more out of life. As Pete mentioned, he has made some special videos for all my listeners at doyouevenblog.com/momoney, so make sure to check them out. We also mentioned Smarter Queue as our new favourite (and cheap!) social media scheduler, so if you’d like to try out a free 30-day trial on me, click here. For full episode show notes: https://jessicamoorhouse.com/146

2018-02-21 13:20:04

145 Listener Series - Overcoming a Home Foreclosure - Lindsay VanSomeren, Blogger at Notorious D.E.B.T.

For this Listener Series episode, I'm joined once again by past guest Lindsay VanSomeren, also a blogger at Notorious D.E.B.T. Last time we talked she was about to finally get rid of her home from hell. But catching up, that's not exactly what happened (though there is a happy ending!). Long description: For my first "Where Are they Now?" Listener Series episode, I check back with Lindsay VanSomeren who was one of my first Listener Series guests. Lindsay, who also blogs at Notorious D.E.B.T., was featured on episode 57, and shared how her and her husband bought their first home in Alaska together but had nothing but trouble with it. You see, it was built on a foundation of permafrost and they had to shell out $30,000 in repairs (that they couldn't afford). Literally pretty much the same storyline as the movie The Money Pit. We ended off that episode with some good news though, because she had just received two offers buy the house. One of those offers would help them say goodbye to the home from hell, and stop getting into more and more debt so they could move on with their lives. Unfortunately, both of those offers fell through. So, they had to make some tough decisions. Either hang on to the home and continue to get into debt, or get some help. They chose the latter and contacted a credit counsellor to weigh their options. In the end, they decided to go with a deed in lieu of foreclosure. Once that was taken care of, they decided to move to Colorado for a fresh start. And now Lindsay is making a full-time living as a freelance writer, her husband is back in school, and they are slowly but surely building up their credit and saving up a downpayment for their next home in the future. I'm so glad Lindsay was able to share this update, because I think her story is fairly common. It started out with buying a property they thought was great, and taking advantage of a special Veterans loan program they also thought was great. But in the end, the property was not what they thought and a program that let's you buy a home with no money down can also have dangerous consequences. Luckily Lindsay and her husband have moved on, learned from their mistakes, and are on a better path now. So hopefully the lesson from this episode is that even if you feel like you are in an impossible financial situation, there is always a way out. There is a solution for every financial problem out there, but sometimes it means reaching out for help. For full episode show notes visit: https://jessicamoorhouse.com/145

2018-02-16 00:04:07

144 The Year of Less - Cait Flanders, Author & Blogger

How can a year of less change your life? Just listen to my episode with The Year of Less author Cait Flanders to learn how a shopping ban, getting rid of most of her belongings & being more mindful with her money helped her regain focus and control of her present and future. Long description: She was my first ever guest (excluding my husband) on the podcast when I launched it almost 3 years ago, and now my friend and blogger pal Cait Flanders is back to chat about what has happened since Episode 3 of the podcast. Well, a lot! For starters, she’s a full on author now, having just published her first book The Year of Less. And she’s not just a first-time author, her book is a hit. As she mentions in the episode, it’s still hard to find a copy at most book stores because they ran out of copies, so if you do still want to buy a copy, check Amazon first. When we sat down for Episode 3 of the show, Cait was just about to finish her one-year shopping ban. I still remember her sharing that she wasn’t sure what to do after it finished. She eventually decided to continue it for another year, and although now she’s no longer on a shopping ban, she’s integrated the lessons she learned into her daily life. The biggest lessons being to be more mindful when it comes to spending. It’s okay to spend money, but it’s about being more intentional with our spending and making sure we are spending money in alignment with our values that’s important. And when you do that, you’ll find that you can stick to a budget, you aren’t overspending as often (or anymore), and you don’t worry as much about your money. This is a big lesson I also took away from her book and something I’ve been actively trying to integrate into my own life. In this episode we also dive into other stories she shares in the book beyond the shopping ban, such as addiction and indulgence. Cait is now sober, but she used to have a problem with drinking, something she eventually realized was something she would do to fill a void or overcome other struggles in her life. It’s something I can relate to in that I definitely turn to certain things, like food or wine or even spending, to either deal with stress, unhappiness or hardship. If you haven’t already grabbed your copy of the book, I highly recommend. And like I mentioned in the episode, I’m not recommending it because Cait’s my friend, I’m recommending it because it’s really good! I literally whipped through it in a day (no lie!), and I can’t stop thinking about it or telling other friends about it.

2018-02-14 16:00:00

143 How to Manage Your Money as a Professional Beauty Blogger - Jessica Desjardins, Founder of Beautezine

It's not easy to become a professional beauty blogger, but it's not impossible. And it doesn't mean you have to spend all of your money on beauty products to do it. Just take it from Jessica Desjardins, the founder of popular beauty website Beautezine. Long description: I’ve always been fascinated by beauty bloggers and vloggers, and not just because I have no clue how they transform their faces into beautiful masterpieces (and I can barely do my own mascara without smudging), but because the beauty space is so competitive! Believe me, every time I meet a new hair stylist or makeup artist, they usually share that they have their own blog or YouTube channel. I sometimes find it competitive in the personal finance community, I couldn’t imagine trying to build an online business in the beauty industry. But, there are people out there like Jessica Desjardins, founder of Beautezine, who are proof that it is in fact possible to make a good living and have a broad reach as a full-time beauty blogger and content creator. You just have to be really good at it, and hustle until you make a name for yourself. And that’s exactly what Jessica did. Before quitting her job to focus on her online business full-time, she was actually headed to medical school to pursue a career as a doctor (no joke, she went so far as to do the MCAT). But at a certain point in her studies, she realized that her true passion was beauty, and instead of always wondering “What if?”, she decided to take a big leap of faith and start her own online beauty magazine called Beautezine. It took her 6 years to make it the go-to beauty resource for Canadians, but now she’s able to do what she loves and be her own boss. In this episode, we chat about how she was able to build her business into what it is today, how she manages her business finances and personal finances, and why no matter what she puts a high priority on staying out of debt and investing for her future. Top Posts You’ll Want to Check Out on Beautezine Time-Saving Beauty Products That Cut The Right Corners Victoria Beckham x Estée Lauder Red Carpet Ready Eye Look 5 Fashion Bloggers Share Their Go-To Hairstyle Secrets Learn More About Jessica & Beautezine About Beautezine Beautezine on Instagram Beautezine on Twitter Jessica Desjardins on Twitter Jessica Desjardins on Instagram For full episode show notes, visit https://jessicamoorhouse.com/143

2018-02-07 14:00:00

142 Listener Series - Becoming Location Independent & Working Abroad

Ever dreamed of becoming a digital nomad, able to work from anywhere and travel on your off time? That’s what my listener Grace was able to do, and she explains how in this Listener Series episode. Long description: One of my big aspirations in life is to become completely location independent and to travel abroad more. So when my next guest, podcast listener Grace (who also runs the blog Gracefully Expat) emailed me about being on the show, I knew I needed to talk to her to find out how she was able to leave Canada, set up shop in Ireland and run her own business. What’s funny is Grace is also from Vancouver (like me), but she didn’t move to Ireland directly. She first went to the US for university, then when she got a job opportunity that would take her to Ireland, she lept at the chance to live somewhere new. After a few years working the corporate life, Grace starting making plans to leave and start her own online business as a tax consultant for expats like herself. Now, she’s living it up, able to explore the rest of Europe quite easily since it’s so close, and live that digital nomad life like I, and so many of us dream of. It just goes to show, becoming location independent doesn’t mean you have to become an Instagram star or a famous beauty YouTuber. You can do a number of things as a business that don’t require you to have an office, like a tax consultant for instance. My dream is that within 5 years I’ll be able to have enough saved up and a business that earns enough passive income that I can focus my efforts on developing more content, create more online courses and do financial counselling from anywhere in the world. I’ve got a lot of work ahead of me, but if Grace can do it, why not me (or you!). For full episode show notes, visit https://jessicamoorhouse.com/142

2018-02-01 14:00:00

141 Deconstructing FIRE (Financial Independence Retire Early) - Bob Lai, Blogger at Tawcan

Have you heard of the FIRE movement before? In this episode I chat with Bob Lai from Tawcan about what it means to be financially independent and how make an investment strategy to get there. Long description: For anyone who wanted a deep look into the FIRE movement, and to get the low down on how to become financially independent, this is an episode you are gonna love! I chat with Bob Lai, the blogger behind Tawcan, about his plans to reach financial independence while being a single-income family with his wife and two kids. He even shares what his personal investment strategy looks like: a mixture of dividend paying stocks (a.k.a. blue-chip stocks), index ETFs, and a small percentage of growth stocks. Now, if you’re just getting started with your investment journey, before getting into DIY investing like Bob, a good place to start is by investing in index mutual funds, like the portfolios that Tangerine offers. It’s actually what I started investing with, as they track the index and charge way lower MERs than the big banks. Financial Independence vs. Financial Freedom Most people use these two terms interchangeably, I’ve even been guilty of it. But talking to Bob, I learned that they actually mean to very different things. Financial independence is when your passive income exceeds your expenses. Many people believe the magic number is to have 25 times your living expenses saved up through savings and investments. Or if you’re more conservative, 33 times your living expenses. Financial freedom on the other hand is a relatively loose term, but generally speaking mean that you’ve accumulated so much wealth that you don’t even have to worry about or rely on your passive income. Happiness vs. Joy Another concept we talked about was the difference between happiness and joy, and balancing the two. You see, happiness is externally driven and has an expiry date. For instance, when you get a raise or buy something you’ve been saving up for. Both of those things would make you happy, for a time, and then it would dissipate. Joy is internally driven, and is the feeling of being at peace. It’s also less fleeting than happiness, and usually comes about from fulfilling experiences and being around your loved ones. A big part of the FIRE movement is about focusing on joy instead of happiness. Also, joy doesn’t cost as much as happiness (if we’re talking about happiness through buying goods), so the more you focus on joy, the more money you’ll be able to save to reach your goal of financial independence. Stocks that Pay Dividends vs. Stocks that Don’t Not all stocks are the same. Some pay dividends, some don’t. The companies that don’t pay dividends (ie. Facebook) are the ones that are still in a growth stage. Instead of paying dividends to their shareholders, they reinvest their profits to continue to grow the company. Companies that do pay dividends are companies that are already so big (Proctor & Gamble, Johnson & Johnson), that they don’t need to reinvest all of the profits for further growth, so they share their profits with their shareholders (also making those shares more lucrative to potential stock buyers). Bob’s Top Blog Posts You’ll Want to Read FIRE. RIP. 2014-2018 Building My Dividend City How My Struggles with English Taught Me About Financial Literacy Learn More About Bob Lai (Tawcan) Follow Bob on Twitter Like Bob on Facebook Follow Bob on Instagram Follow Bob on Pinterest For full episode show notes, visit https://jessicamoorhouse.com/141

2018-01-31 14:00:00

140 Listener Series - Why You Should Try Out a No Spend Challenge

Looking for some inspiration to get your spending under control? There's no better time than the present to try something new, like a no spend challenge. That's why I'm chatting with two of my podcast listeners for this episode, so they can share their experience and tips on how to save money and conquer their bad spending habits by doing a no spend challenge. Long description: For my first Listener Series episode for Season 6, I've got not one, but two podcast listeners on the show to share their experience and tips for doing a no spend challenge. Michaela and Dan are a couple, engaged and saving up for their wedding, and they got the idea to try out a no spend challenge by seeing someone do something similar on Instagram. Feeling like they never truly knew where they money was going, they embarked on this no spend challenge that would mean they could only spend money on their essentials, and try to live as frugally as possible. Their hope was that it would help them reign in their spending and focus their spending on this that really mattered to them in life. They also wanted to stop the endless cycle of consumerism that so many of us or on (and feel like we can't get off). Well, they successfully did the challenge for a month, and now have continued to practice living below their means, saving the extra income, and just living a life that's not as focused on spending and buying new stuff. After talking with them, it definitely inspired me to reign in my own personal spending and do my own version of a no spend month. For all of January, my husband and I have been making all of our meals at home (save for one lunch that cost us $30) and have not bought any alcohol (though I did buy one beer with a friend, but I'd made those plans back in December!). Like Michaela and Dan, we realized that not spending all of our money on going out to eat or buying beer and wine for our home like we regularly do, hasn't actually affected our happiness at all. Instead, we replaced those two big spending habits with other things, like cooking healthy meals at home, and swapping alcohol for lemon water, tea or coffee. If you want to embark on something similar, I highly recommend doing a no spend challenge or your own, or signing up to my free Rich & Fit Detox. It's a free 5-day email challenge that shows you how to do a health detox, practice self-care, stop mindless spending and declutter your home. For full episode show notes, visit https://jessicamoorhouse.com/140

2018-01-25 14:00:00

139 How Perez Hilton Bounced Back from Bankruptcy in a Major Way - Perez Hilton, Celebrity Blogger, Author & Media Personality

Yes, you can bounce back from bankruptcy. More than that, you can take it as an opportunity to get your financial life together, never get in debt again, launch a successful business and be on your way to financial independence. Don't believe me? Well, just take it from my guest Perez Hilton, the go-to celebrity blogger who has created an empire for himself as an actor, author, blogger, podcaster, reality star & more. Long description: I can’t even believe this is really life right now, because somehow I was able to get the one-and-only Perez Hilton to chat with me on the podcast! Many of you may already know this about me, but I am a total celebrity news junkie. I know it’s silly, but I think I just like the fantasy of it all. Plus, that life is just so far removed from my own, it’s kind of like watching an episode Teen Mom. It’s fascinating and entertaining, but I’m really glad that it’s not my own reality. With that said, I’ve been a long-time reader of PerezHilton.com, going back probably when he started his blog back in 2005. I’m not lying when I say I’ve gotten into a routine of checking his website at least once per day, which is how I discovered his video about filing for bankruptcy when he was younger. I couldn’t believe he, a celebrity blogger, also had a personal finance story to tell, and I wanted to know more! So, after watching his video, I tweeted at him saying I’d love to have him on my podcast, and to my delight, he said yes! And within a week, I had a recording of our interview together and could not wait to share it with you for Season 6 of the Mo’ Money Podcast! In our interview together, we talk about it all. His money mistakes, the lessons he’s learned, how he hopes to achieve financial independence through passive income streams and real estate investing, and what he’s going to teach his kids about money when they grow up. I hope you love this episode as much as I do, because it really was so much fun to record! Thanks a million Perez for taking the time out of your crazy busy schedule to talk money with me, I’ll never forget it! Check Out Perez Hilton Read his famous celebrity blog at PerezHilton.com Listen to The Perez Hilton Podcast Subscribe to Perez Hilton’s YouTube Channel Follow Perez Hilton on Social Follow Perez Hilton (the Blog) on Twitter Follow Perez Hilton himself on Twitter Like Perez Hilton on Facebook Follow Perez Hilton on Instagram For full episode show notes: https://jessicamoorhouse.com/139

2018-01-24 14:00:00

138 How to Talk to Your Kids About Money - Buzz Bishop, Radio Host & Founder of DadCamp

For my first episode of SSN 6 of the Mo' Money Podcast, I interview well-known Canadian radio personality Buzz Bishop about DadCamp & how he teaches his kids about being responsible with money. Long description: It’s the start of a new season for the Mo’ Money Podcast (Season 6 to be specific), and I have got quite the line-up of guests for you, let me tell ya! And similar to last year, this season definitely has a theme. Well, two themes really: financial independence and women authors. For this first episode of Season 6, we’re gonna start with the financial independence theme, since I interview well-known radio personality and influencer Buzz Bishop. As I mentioned in the episode, I’ve been listening to Buzz since I was a tween, so it’s pretty surreal that I’m now interviewing him on my show! But a lot has changed in his life since those days at Z95.3 in Vancouver. On top of doing radio across the country, he also has two boys and founded DadCamp, a community and website that’s focused on getting dads together to learn from each other, bond and create a discussion surrounding the role of fathers today. Since Buzz is already a successful media personality, DadCamp isn’t something he created to just earn more money on the side. He wanted to create it as way to help give back. So, all of the money he earns from it, he flips to Diabetes Canada and Team Diabetes, two causes he’s very passionate about. Is Buzz the best? Aside from talking about DadCamp, we dive into his perspective on money, how he manages his personal finances and invests it, and also how he teaches his kids about money. He learned a lot from his dad, so he wants to make sure he does the same to his two boys. And he teaches them by weaving it seamlessly into regular conversations. Making it a natural topic of discussion is key, as well as being open to answering questions. He also empowers his kids by giving them work to do on his blog so they can earn money. I think this is a great way to teach kids about saving, budgeting and earning money in a very practical and hands-on way. Kids learn best by doing, so I have a feeling his kids will be experts by the time they reach their 20s. Learn More About Buzz Bishop Check out DadCamp Like DadCamp on Facebook Subscribe to DadCamp on YouTube Follow Buzz on Twitter For full episode show notes: https://jessicamoorhouse.com/138

2018-01-17 13:01:25

137 Being Smart with Your Debt & Credit - Lisa Zamparo, CPA & Financial Strategist (Millennial Money Meetup #4 Live Recording)

For my 4th Millennial Money Meetup (and my last one for 2017), I hosted the event once again in downtown Toronto selling out tickets in only a few weeks to 50 attendees. This event was sponsored by Manulife Bank (thank you for making this event possible during Financial Literacy Month) and featured the special guest Lisa Zamparo, a CPA and financial strategist. The theme for this event was debt and responsible credit card use, just in time for the holidays. This is the live recording of Lisa and I's discussion on the subject as well as audience Q&A. For full episode show notes visit: https://jessicamoorhouse.com/137

2017-12-09 01:06:51

136 Thoughts on My First Year of Entrepreneurship - Jessica Moorhouse

For my season ending solo episode, I share my thoughts on making it to the one-year mark of entrepreneurship, what I’ve been up to & how I’ve grown these past 12 months Long description: To wrap up Season 5 of the Mo’ Money Podcast, I thought it would be a good opportunity to do another solo episode to share my reflection of the past year. A ton has happened these past 12 months, so much so that even though I spewed my guts for 40 minutes in this episode, there was still so much I didn’t share. But I think my overall sentiments on the year got across. To think back to where I was this time last year, honestly, it’s like night and day. This time last year I was stressed, burnt out, and frustrated. My life was going in a direction I didn’t like, and I knew the only way to get back on a path that felt right, I needed to make a drastic change. Even though I thought I was prepared before quitting my job to work for myself, looking back I really was taking a huge risk. I didn’t have a business plan, I just had some ideas on how I’d make a living based on how I earned money with my side hustle (being my blog and podcast). Throughout the year, I fleshed things out a bit more, got more focused (sort of), and now have 10 different streams of income. I definitely want to focus things more in 2018, pair down those streams of income to maybe 5, and increase my business revenue to 6-figures. And two big ways I hope to accomplish this is by ramping up marketing and promotion of the Rich & Fit Bootcamp and launching my financial counselling practice. Lots to look forward to in 2018, but before the New Year starts I’m just thankful of how 2017 went. I’m proud that I stayed strong, worked hard and proved to myself (any all the nay-sayers) that I could do this on my own. Here’s to a New Year and endless possibilities! For full episode show notes visit https://jessicamoorhouse.com/136

2017-12-08 04:54:20

135 Making Life-Changing Money - Michelle Jackson, Blogger at Michelle Is Money Hungry

Don't think of want to earn more money as being greedy. Think of it as a way to help you help others. I talk about the idea that it's okay to be "money hungry" with the goal of being able to serve others and live your best life with blogger and podcaster Michelle Jackson of Michelle Is Money Hungry in this last podcast interview episode for Season 5 of the Mo' Money Podcast. Long description: Before I recorded this episode, I’d only met Michelle Jackson from Michelle Is Money Hungry a few time at past FinCon conferences. But the few times we did meet, we immediately hit it off. Michelle just has a special energy and light that I couldn’t forget, and because she is all about earning money these days, and that’s what the theme for this season has been about, I knew she would make the perfect guest for my last interview for Season 5 of the show. The reason I gave this episode the title “Making Life Changing Money” is because it’s one of the things Michelle mentioned at the start of this episode that I couldn’t stop thinking about. It’s just such a great way to express how I also view earning more money. I don’t want to earn more just so I can buy more stuff. I want to earn more so I can do more stuff, including continue to create free content like my blog, podcast and YouTube videos that aim to promote financial literacy. I want to earn more so I can live a life that is full and financially secure. I want to earn more so I can take care of me and my family, but also others who need my help too. And that’s exactly how Michelle lives her life as a new entrepreneur. She wants to earn more so she can live her best life, but also so she can afford to help others live their best lives too. Throughout this season, I interviewed a lot of guests on how to earn more, but I think this final episode is a great way to cap things off by focusing on the why. Make sure to check out Michelle’s website and feel free to reach out to her at michelleismoneyhungry@gmail.com. For full episode show notes, visit https://jessicamoorhouse.com/135

2017-12-06 14:05:52

134 Building a Successful Freelance Business - Jesse Gernigin, Blogger at LiveGoldRich

I talk with Jesse Gernigin from LiveGoldRich about how we went from comedic hypnotist to freelance copywriter, how he learned to ask for his worth and how he budgets with a variable income. Long description: For this episode, I chat with Jesse Gernigin from LiveGoldRich and the founder of the Freelancer Success Summit. He has a really interesting perspective on freelancing because he calls himself a bit of a serial entrepreneur. He started out as an entertainer, a comedic hypnotist to be specific, and then started a few other businesses after that, and eventually became a full-time freelance copywriter which now earns him a comfortable living. In my experience, I’ve found that when people think of freelancers, they think of people who are always trying to drum up business, are undercutting other freelancers to win clients, and are always struggling a bit financially. I have no idea where this perception comes from, but it’s something I used to believe before I started my side hustle and eventually became self-employed. Well, after talking to Jesse, that doesn’t have to be the case. Sure, it may start out that way at the beginning of your freelance career, but you can build upon your experience and eventually reach a level where you can ask for higher rates and pick and choose which clients you want to work for. And that’s a message Jesse really wants to share, which is why he created the Freelancer Success Summit. To interview and share the stories of other freelancers from all experience levels and disciplines. You can save your seat and sign up to watch the presentations in the summit for free right now too! Click here to sign up » Learn More About Jesse Check out his website LiveGoldRich.com Download his free Ultimate Guide to Booking Your Schedule Full Save your seat for the Freelancer Success Summit For full episode show notes, visit https://jessicamoorhouse.com/134

2017-12-01 01:02:05

133 How to Actually Retire Early - Tanja, Blogger at Our Next Life

Retiring early isn't just for the privileged and doesn't have to be a daydream you refer at your 9 to 5 grind. You can actually retire if you have a plan to get you there, and Tanja from Our Next Life shares how her and her husband were able to do it. Long description: Ever since I connected with Tanja from Our Next Life about a year ago, I was waiting for the opportunity to have her on my show. But for most of the year she was an anonymous blogger. You see, she was waiting to reveal herself until she was able to hand in her notice at her job so her and her husband could retire early. Well, she’s handed in her notice and is set to officially retire early this January. I know, I know, this sounds like a dream most of us have had while putting in those long hours at our day jobs. But what’s awesome about my interview with Tanja is she discusses how her and her husband were able to do it. And they didn’t go to any extremes to reach their goal. They didn’t sell all their things or sacrifice their present happiness and comfort to reach tomorrow’s goal of financial independence. Besides sharing the steps she took to be able to retire early (in her 30s!), she also shares the book that inspired her to take this journey. It’s called How to Retire Early by Robert & Robin Charlton, and it’s a book she highly recommends if anyone wants to learn more about how to make a solid plan to retire early. I know I’m definitely going to check it out, because achieving F.I.R.E. is definitely one of my new crazy big life goals! And if Tanja can do it, really anyone can do it! Learn More About Tanja Sign up to Tanja’s email newsletter Check out Tanja’s recommended resources Read Tanja’s 10 Questions to Retire Early Learn about Tanja’s steps to achieving FIRE Follow Tanja Follow Tanja on Twitter Like Tanja on Facebook Check out Tanja in Instagram Follow Tanja on Pinterest For full episode show notes, visit https://jessicamoorhouse.com/133

2017-11-30 00:21:47

132 How to Get the Most Out of Your Credit Cards - Stephen Weyman, Blogger & Founder of Credit Card Genius

Are you getting the most out of your credit cards? It might be time to take a good look at them and check to see if they are really the best on the market. Just take it from Stephen Weyman, blogger at HowtoSaveMoney.ca and founder of CreditCardGenius.ca who knows how to optimize your credit cards, get free trips using points and figuring out a great formula to see which cards need to be ditched and which cards you should consider replacing them with. Long description: If you’re curious how to get the most out of your credit cards, what the deal is with credit card churning, and how to protect and improve your credit score, this is the episode for you. I talk to Stephen Weyman, the blogger behind How to Save Money and the founder of the new credit card comparison site CreditCardGenius.ca, all about credit cards and he definitely proves that he has a wealth of knowledge on the subject. The fact that he was inspired to develop Credit Card Genius because he had a massive Excel spreadsheet of data on credit cards already just goes to show how passionate he is about credit cards. And I’m so glad because I feel like even though most of us use credit cards, a lot of us still don’t know some very important things about them. Credit cards can be great to earn points and cash back, and they have a number of other benefits too. But, that’s only if you use them responsibly. If used irresponsibly, they can have some not so good outcomes like consumer debt, a low credit score and even bankruptcy. So, the best way to make sure you use them the right way is to be well-informed and I hope this episode succeeds in helping you get there. Learn More About Stephen Check out his website How to Save Money Compare credit cards on his new website Credit Card Genius Follow Stephen on Twitter Like Stephen on Facebook Subscribe to Stephen on YouTube For full episode show notes visit: https://jessicamoorhouse.com/132

2017-11-24 01:49:39

131 How to Build Wealth by Changing Your Money Mindset - Kelley Keehn, Author & Personal Finance Expert

What's your money mindset and how does it affect how you perceive building wealth? I chat with Kelley Keehn about this and more in this episode. Long description: Personal finance expert and author Kelley Keehn chatted with me for this fabulous episode of the podcast, and I couldn’t be happier! I love that her mission is to make people feel good about money! Just like she said in our episode, when people feel good about their money, they are better people and thrive in other areas of their lives. I wholeheartedly agree. When you feel confident in your finances, you feel confident in your life. You start making better and longer-term decisions, instead of decisions based on survival or the immediate future. We also go a bit deeper in our interview and talk about the different money mindsets people have. Like how they can either help you build wealth and live a life you want, or they can impede you from experiencing your full potential. I know that my money mindset has evolved over the years, and that’s the amazing thing too. Just because you have say a scarcity mindset, doesn’t mean you can flip the switch into an abundance mindset. Everything is changeable and fixable, you just have to be self-aware and start making small changes to make a big change in the end. Learn More About Kelley Kelley Keehn’s website Follow Kelley on Twitter Like Kelley on Instagram For full episode show notes, visit https://jessicamoorhouse.com/131

2017-11-22 13:48:38

130 Listener Series - Empowering Yourself through Financial Literacy

I chat with podcast listener Alexis Kienlen about how she empowered herself by ending the mystery banking cycle & teaching herself about money management. Long description: This is why I love when podcast listeners reach out to me to be part of my Listener Series. Because sometimes they end with me saying that it felt like chatting with a friend I hadn’t talked to in a while. My listeners are amazing! Anywho, this interview is particularly timely as November is Financial Literacy Month and my guest Alexis Kienlen shared how learning about personal finance changed her life for the better. Like many millennials, she graduated hoping to follow her dreams and become a journalist. But, things have changed and it’s not as easy to earn a living and work in journalism. Realizing that she didn’t want to be broke anymore, she started reading blogs, listening to podcasts, reading The Globe and Mail and even reading Personal Finance for Dummies. Now, she feels so much more in control of her life and her future, and it all came down to taking the time to educate herself so she could start making informed decisions. Way to go Alexis, I can’t wait to see where you end up in the next few years (hopefully a published author and new homeowner!). For full episode show notes, visit https://jessicamoorhouse.com/130

2017-11-16 14:00:00

129 How to Be a Sustainable Investor - Tim Nash, The Sustainable Economist

Is it possible to earn money on your investments without sacrificing your ethics? Tim Nash, investing coach and the blogger behind The Sustainable Economist explains why yes, you can! Long description: As I mentioned in the episode, I first got to know Tim Nash (a.k.a. The Sustainable Economist) back in the spring when he invited me to his Good Investment Fair. So when I went to the fair, it really did open my eyes to a whole new world of investing. You don’t just have to buy funds that you think will perform well, you can do that and stay true to your values. And if Tim can help a couple create a totally vegan investing portfolio, then anyone can create a portfolio that speaks to them and what they stand for. I definitely know that I’m going to have to take a good look at my portfolios and see if there’s anything in there I don’t feel good about. Luckily, more and more robo-advisors are starting to offer portfolios that are more eco-friendly and socially responsible, so that’s definitely a sign that Tim is certainly onto something that will become more popular in years to come. Tim’s Model Portfolios Easy As Pie Portfolio Fossil Fuel Free Portfolio Organic Couch Potato Portfolio Socially Responsible Portfolio For full episode show notes, visit: https://jessicamoorhouse.com/129

2017-11-15 14:00:00

Special Episode - Live from Fincon with Desirae Odjick (Half Banked), Bob Lai (Tawcan) & Andrew Daniels (Family Money Plan)

At FinCon 2017, I had the pleasure of sitting down with my three of my favourite Canadian personal finance bloggers: Desirae Odjick from Half Banked, Andrew Daniel from Family Money Plan and Bob Lai from Tawcan. This episode was recorded live on the last day of the conference, and has us chatting about their experience at the conference and what takeaways they'll be leaving with, their thoughts on blogging and everything in between.

2017-11-10 14:00:00

128 Listener Series - How to Earn Passive Income by Real Estate Investing

For this Listener Series episode, I chat with Tracy Ma about how built her real estate empire despite her coming from humble beginnings. Long description: I love these Listener Series episodes, because I get to chat with super inspirational podcast listeners like Tracy Ma who has built a stellar real estate portfolio over the past decade (and is sharing how the heck she did it). First off, I love Tracy’s story because she is evidence that you do not need to come from money to get into the real estate game. As she put it, she had a fairly rough upbringing. Her family was poor, so she knew that in order to change her financial situation, she’d need to work hard and be strategic in terms making her money grow. She was eventually led to real estate investing, and now owns a number of properties in Canada earning her passive income. That all being said, she does caution anyone listening that real estate investing isn’t for everyone. There is a ton of risk involved, it can be very time consuming and you really do need to know what you’re doing. Luckily, she blogs about her journey and what she’s learned on her own blog Financial Nirvana Mama. Thanks so much Tracy for chatting with me for this episode, it was a pleasure! For full episode show notes visit: https://jessicamoorhouse.com/128

2017-11-09 14:00:00

127 How to Become an Entrepreneur on Fire - John Lee Dumas, Entrepreneurs on Fire

He wasn’t fulfilled in his life or career, so instead of complaining and wishing he had better luck, John Lee Dumas did something about it…which turned into a multi-million dollar a year business now known around the world as Entrepreneurs on Fire. Long description: This is a pretty big moment for me because ever since I started the Mo’ Money Podcast back in June 2015, John Lee Dumas was one guess I aspired to get on my show. Fast-forward 2 years and over 100 episodes and I got him! So, why did I want to get him on the show so badly? Because he was actually one of the inspirations for me starting my podcast. When I got the idea to start a podcast, I immediately starting researching online and fairly quickly he popped up. He had (and still has) a very successful podcast called Entrepreneurs on Fire, and he also had a free course on how to start a podcast. I took the course and it really helped me start things off on the right foot. Honestly, if I hadn’t taken his free course, I know I would have made all the rookie mistakes and would have taken even longer to propel my podcast into what it is today. For my interview with him, I just wanted to dive deep into what we was about, how he got to be so successful as a completely online entrepreneur (he now lives and runs his business from Puerto Rico). I also wanted to know how he does all the things he does and stays sane and grounded. And of course, he has a stellar morning ritual to start of his days right, something I know I need to start implementing myself. This episode isn’t really about personal finance, but I wanted to share it because John is seriously such an inspiration to me. He’s a hustler, he’s a risk-taker, and he’s proof that if you feel unfulfilled and unhappy in your life, you can absolutely change course at anytime (it’s never too late!). Helpful Resources The Dip by Seth Godin The Freedom Journal by John Lee Dumas John Lee Dumas’ resource library For full episode show notes visit: https://jessicamoorhouse.com/127

2017-11-08 14:00:00

126 Listener Series - How You Could Earn More by Not Going to University

If you want to avoid 5-figures in student debt by going to university, ever considered going to a trade school instead? I talk with Sylvia about how she went the nontraditional route for her career and why it was the best decision she could have ever made. Long description: The stats on student debt in Canada and the US are staggering. More and more young people are graduating with degrees in hand and 5-figures in debt to pay off. And sometimes that debt-burden will take them decades to pay off. Here’s the thing…going to university and sticking with the traditional route of getting a degree to start your career isn’t the only way. For this Listener Series episode, I talk with Sylvia Bourgeois about her decision to not go to university but go to a trade school instead. Instead of spending 4 years earning a degree with a boatload of debt to pay off after (not to mention grim job prospects), she was able to graduate her technical school debt-free, find a job soon after and start earning a decent income that would help her buy a home in Vancouver and eventually start her own contracting business. The biggest message in this episode is that there’s no one way to do things. You don’t have to go to university, work in an office and climb your way up the ladder to be successful in your career. Moreover, if you’re a woman, you don’t have to pigeon-hole yourself into certain sectors or industries. I’m ashamed to say that I never even considered a career in the trades because I didn’t think many women worked in that industry. Sylvia certainly proved that wrong, and wants to encourage more women to explore different career paths, even if they aren’t the popular or traditional choice. For full episode show notes, visit https://jessicamoorhouse.com/126

2017-11-02 13:00:00

125 Mastering the Side Hustle - Chris Guillebeau, Side Hustle School

I talk with the guy who wrote the book on side hustles (literally), Chris Guillebeau, author of Side Hustle: Idea to Income in 27 Days, who shares his tips on how to start and master your side hustle to take your finances to the next level. Long description: I had the pleasure of chatting with side hustle master and best-selling author Chris Guillebeau from Side Hustle School for this episode, and it’s honestly one of my favourites. If you know me, then you know I am all about the side hustle. It could because I’m just another typical millennial who needs to earn more to afford $10 bottles of organic juice and my expensive Uber habit (sarcasm, if you didn’t get that), but it’s actually because things have changed a lot since the last generation. It’s not longer possible to stick with a job for 40 years and retire with a cushy pension. Now, if you want to be able to afford to live in an expensive city (and actually enjoy city living), travel, save up to buy a home and invest for your retirement, most likely your full-time job income won’t be enough. That’s where the side hustle comes in. But here’s the thing, as Chris explains a side hustle isn’t just a second-job at night or on the weekends. It’s about starting your own mini-business that either sells products or offers a service that matches your skill-set and meets a need not currently being met on the market. If you’ve ever thought about starting a side hustle, but was too afraid to start, didn’t know where to start, or thought if you start one you’d have to keep it forever (newsflash, you can stop it whenever you want), then Chris shares his wisdom and boy is it juicy. He also literally wrote the book on side hustles called Side Hustle: From Idea to Income in 27 Days, so make sure to buy or check out a copy from the library because it’s not just about side hustles in theory. It’s about how to take action and what steps to take to get yours going. Side Hustle Case Studies Chris Mentioned Woman on Food Stamps Earns $86,000 Teaching People to Bake Bread Cruise Vacation Turns into Highly-Profitable Hustle British Man Earns $700/Month Writing Fish Tank Reviews For full episode show notes, visit https://jessicamoorhouse.com/125.

2017-11-01 23:05:52

124 What You Should Do Before Buying a Home - Penelope Graham, Managing Editor for Zoocasa

Thinking of jumping into the housing market? There's a lot to know and even more pressure to make a good decision (it is the biggest purchase of your life after all). I talk with Penelope Graham, Managing Editor of Zoocasa to find out what potential home buyers should know before buying their first place. Long description: If you have some questions about the home buying process, my guest Penelope Graham, Managing Editor for Zoocasa, has the answers! Penelope was actually one of the panelists for my Millennial Money Meetup #2 in May 2017, and the focus for that event was homeownership and renting vs. buying. She was one of the top voted panelists by attendees, so I knew I needed to bring her on the show to share her wisdom. Having bought my first place just a year ago, I still remember all the stress, research and more stress that went into finally signing on the dotted line. Toronto is a hot market, so I knew I needed to be prepared and not take this home buying process lightly. Now that that’s behind me, I want to make sure that other millennials who are thinking of buying are just as well informed and prepared for this very big purchase. And if you have any questions after this episode, contact Penelope and she’ll be happy to guide you on the right path! Tips If You’re Thinking of Buying Your First Place Remember that getting pre-approved for a mortgage is your first step. This will help you figure out how much mortgage you’ll be approved for, and how much you can afford and what your budget should me. Also, don’t borrow the maximum you are approved for, especially if only putting 5% down. You don’t want to be house poor after all! Interview potential realtors as if it was a job interview (because to them, it actually is!). Make sure you pick a realtor that’s the right fit for you, ask for their stats (how much homes sold/bought for clients), ask for references, and make sure they are a full-time realtor and completely invested in working with you. When given a buyer representation agreement from your realtor, negotiate a term for the contract that suits you best (ie. no longer than 3 months). This way, you can end the relationship if it’s not working and you won’t be tied to a lengthy contract. For full podcast show notes, visit: https://jessicamoorhouse.com/124

2017-10-26 13:00:00

123 A New Way to Trade & Barter - Eli Klein, Manager of Publicity & Partnerships at Bunz

There’s a new way to get rid of stuff you want to get stuff you need, and I chat with Eli Klein, Manager, Publicity & Partnerships at Bunz all about it. Long description: The first time I heard about Bunz, I thought it was a really intriguing concept. Instead of being a copy of Kijiji or Craigslist where you trade your used goods for money, Bunz was taking it really old-school by being a platform all about trading goods for goods. The last time I heard about something like this, Hudson’s Bay was a fur trader, not a big department store. The more digging I did, the more I fell in love with what Bunz is all about. It wasn’t just about trading, it was about building a community, disrupting modern capitalism and focusing on good will and helping people in need. It’s also about helping millennials specifically navigate this new world we’re in where incomes are low, prices are high, and we also need to think about living more sustainable and environmentally consciously. So, I was really thrilled when Eli Klein, Manager of Publicity & Partnerships at Bunz, reached out to me because I actually really wanted to have someone from the core Bunz team on the show. In this episode, we chat more in-depth about what Bunz is and it’s main philosophy, as well as the different aspects of Bunz including trading with the app and the hundreds of Facebook groups (which I’m obsessed with). Helpful Resources Check out the Bunz blog to read stories from the Bunz team & community and more Learn more about how Bunz got started Listen to the Bunz Podcast Download the Bunz Trading app Read Bunz Wedding Zone’s feature in the Walrus (and how it saved one bride from the wedding industrial complex For full episode show notes visit: https://jessicamoorhouse.com/123

2017-10-25 13:00:00

122 How to Get Started with DIY Investing - Edward Kholodenko, CEO & Founder of Questrade

I chat with Questrade CEO and founder Edward Kholodenko about DIY investing, how to get started and why fees can affect your bottom line. Long description: DIY investing is becoming more and more popular, and it’s easy to see why. It puts the investor in the driver’s seat, having full control of what they’re investing in, and plus it doesn’t hurt that you can save a ton in fees. In this episode, I chat with Edward Kholodenko, CEO and founder of Questrade, one of Canada’s leading discount brokerages. He shares his story of immigrating to Canada and starting Questrade from the ground up, and why he’s so passionate about empowering investors and educating them on how to do it themselves. You know the say, there’s no one that cares more about your money than you do. And that’s a big reason why I think DIY investing in index funds and ETFs is becoming more normal amongst millennials. We want to feel in control of our financial futures and we don’t want to just hand our money off to an investment broker and hope for the best. We want to know what’s going on so we can make sure we’re growing our money to it’s full potential. And the most common way to DIY invest is to use a discount brokerage, follow an investment plan like the model portfolios shared on the Canadian Couch Potato’s site or The Sustainable Economist’s site, and rebalance accordingly. To get you started, below are some helpful resources to continue your investing education. Helpful Resources Practical Index Investing for Canadians Online Course by John Robertson The Intelligent Investor by Benjamin Graham Millionaire Teacher by Andrew Hallam Full full episode show notes visit: https://jessicamoorhouse.com/122

2017-10-19 13:00:00

121 How to Screw Your NIne to Five - Jill Stanton, Co-founder of Screw the 9 to 5

Ever dreamed of saying "Screw you!" to your 9 to 5 job? Then you'll definitely want to listen to my interview with Screw the 9 to 5 co-founder Jill Stanton on entrepreneurship, choosing making your own opportunity, and making your own money. Long description: For this episode of the podcast, I talk to Jill Stanton, co-founder of Screw the Nine to Five. Currently living in Vancouver (but originally from Toronto), her and her husband started an mega-successful online business because at the end of they day, they wanted to be able to screw their 9 to 5 jobs and live life on their terms. That’s why I was so drawn to Jill’s story. She was able to finally find her passion, start a business and essentially become completely location independent. She was even able to live in Thailand for a number of years, needing only her laptop to keep her business going. But as you’ll learn in her interview, it wasn’t that easy to get off the ground. Her and her husband started a number of different businesses before finding one that clicked. We talk more about the ups and downs of being an entrepreneur, what you should consider financially before screwing your 9 to 5, and how to not let anyone tell you what you can and can’t do as your career. What to Ask Yourself When Starting Your Business Does it feel heavy or light? If whatever you’re working on in your business feels heavy, edit it out. Focus on your plan A and don’t look back. When you have this attitude, you’ll feel more pressure (and motivation) to make it work. You don’t need a business or marketing background, degree or a business coach to start a business (just take Jill as a prime example). But that being said, work hard, do your research, and be smart with the decisions you make. Helpful Resources Check out some of Jill’s recommended resources Join ScrewU University Check out the Screw the Nine to Five blog Subscribe to the Screw the Nine to Five podcast For full episode show notes, visit: https://jessicamoorhouse.com/121

2017-10-18 13:00:00

120 Listener Series - This Is Why You Should Start Tracking Your Spending

For this Listener Series episode, I talk with podcast listener Scott McEachern about what tactics he uses to pay down his debt and save for his financial goals, and a big one is tracking his spending. Long description: For this Listener Series episode of the podcast, I chat with Scott McEachern who reached out to me to be on the show after being a long-time listener. Now, Scott actually works in the financial space, but personal finance is really his passion and it’s what led him to do what he does for a living. A big reason is because his dad worked as a financial planner, so he learned at a young age how to be smart with his money. And ever since then, he’s put what he’s learned into practice to live a meaningful life that focuses on being intentional with his money. He shares a number of things him and his wife do to be able to pay off their debt (they have student loans) and work towards affording their financial goals. These things include: Adding small extra payments to his student loans to pay them off quicker Buying used cars instead of brand new Renting a cheaper/smaller place instead of trying to keep up with the Jones’ Delaying starting a family until they are debt free And most importantly, tracking their spending and income regularly so there are no surprises Learn More About Scott Check out Scott’s website Follow her on Facebook Follow her on Twitter Get Access to My Resource Library I’ve got a ton of checklist, worksheets, quizzes and more to help you get your financial life together, and I’m housing them all in one place — my resource library. It’s free, it’s amazing, get in there! Click here to access my resource library For full episode show notes visit: https://jessicamoorhouse.com/120

2017-10-13 00:00:00

119 How Not to Self-Sabotage Your Finances - Whitney Hansen, Money Coach & Host of The Money Nerds Podcast

Do you feel like you keep sabotaging your chance at financial success? You’re not alone, and money coach and personal finance podcaster Whitney Hansen is here to share how to overcome these common financial barriers. Long description: For this episode of the podcast, I chat with fellow female podcaster (The Money Nerds Podcast) and money coach Whitney Hansen. I first got to know Whitney over the summer actually when she approached me to speak at her virtual conference called The Money Summit. I had a blast, and as a bit of a humble brag I’m happy to say my session is one of the summit’s most popular (okay, end of brag, I just couldn’t resist). After the summit, I knew I needed to have Whitney on my show so she could share her financial expertise. Not only is she, like me, a millennial money expert, she has hustled to pay off her debt and save up to be able to live the life she’s always wanted. And, like me, she isn’t afraid to share that she worked hard and long hours to get herself there (you go girl!). The main focus of our chat however is what the 4 most common things people do to sabotage their finances. As a full-time money coach, Whitney has seen it all and has noticed that many of the people she’s helped make the same mistakes over and over. If you want to make sure you avoid those mistakes, then check out the list below and listen (or watch) my interview with Whitney! 4 Signs You Might Be Self-Sabotaging Your Financial Life You’re stuck at the same income level for a little while (ie. 3 years) You’re paying off debt, then immediately getting back into of debt You’re comparing your financial life to others You don’t have clarity in terms of your financial goals Helpful Resources Join Whitney’s Facebook group Money Your Money Like a Boss Buy a pass to Whitney’s online Money Summit (that I’m also part of!) Sign up to one of Whitney’s free money workshops Check out Whitney’s award-nominated The Money Nerd Podcast Listen to my interview on Whitney’s podcast about my personal finance journey For full episode show notes visit: https://jessicamoorhouse.com/119

2017-10-11 12:15:47

118 Listener Series - How Lilian Was Able to Retire Early After Immigrating to the USA

The American Dream is alive and well, and Lilian Hurn is proof of it! Originally from Lima, Peru, she immigrated to the USA in 2005, but has since retired early and dedicates her time to teaching others how she did it. Long description: I know I’m not American, but the idea of the “American Dream” has definitely made it’s way over the border into Canada, and I can’t help but cry ugly tears every episode of Sharks Tank I watch when someone new to the US has managed to go from zero to millionaire. So, when Lilian Hurn reached out to me after finding my podcast on YouTube and asked to share her story for my Listener Series, I was so excited to be able to have her on the show. She literally is proof that the “American Dream” is alive and well. Originally from Lima, Peru, she immigrated to the USA in 2005 to work for Microsoft. She ended up meeting her husband there, and they’ve both worked together to fulfill their own dream of retiring early. Now in their 40s, they consider themselves semi-retired, with Lilian’s husband working occasionally as a consultant, and Lilian spending her days as a Spanish-language financial literacy educator. She not only has her own blog called Super Baratisimo Gratis, she also has her own YouTube channel teaching others about the power of personal finance in Spanish! Learning how to live frugally, work hard, save more than she earned, and earning money outside of her full-time job are what helped Lilian achieve one of her biggest goals in life. She truly is an inspiration, I’m just so glad I ended up putting my podcast on YouTube a year ago! Since Lilian has her own blog and YouTube channel, she also had some great tips for listeners who want to be able to achieve their financial goals too. Here are some of my favourites. How to Talk Money with Your Partner Be persistent (but not annoying). Sometimes it can take a few times to convince your partner to be open, so don’t ever drop the subject and forget about it. Try a different tactic, because it’s so important to be on the same page with your partner Focus on setting goals together. That’s the best way to motivate your partner to get involved in budgeting, tracking your spending and saving for your future. When you have goals outlined clearly that you can both work towards together, you’ll become a stronger partnership for it. How to Reach Your Financial Goals Faster Don’t just rely on your day job to get you there in the time you want. To get to your goals faster, you may need to look outside the box and earn more on the side. Lilian sold stuff around her house she didn’t need on eBay and cut back on unnecessary expenses like a storage locker that cost her husband $50/month. Learn More About Lilian Check out Lilian’s blog Super Baratisimo Gratis Subscribe to her YouTube channel Follow her on Facebook Follow her on Twitter For full episode show notes visit: https://jessicamoorhouse.com/118

2017-10-06 00:00:00

117 Turning Your Side Hustle into Your Main Hustle - Luisa Zhou, Business Coach

Luisa Zhou shares how she went from Princeton grad, to climbing the corporate ladder, to quitting her 9 to 5 once and for all to start her own business as one of the most sought after business coaches. Long description: I absolutely loved chatting with Luisa Zhou, probably one of the hardest working millennials around. She is all about the hustle which I think is awesome. She has gotten to where she is today in her career because she knows that the only way to success is to work hard. That and some other pieces of wisdom she shares in this episode. The reason I wanted to talk with her for this episode is because she has some great advice for starting a side hustle, and then turning that into your main hustle while still working full-time. I always cringe when I hear someone’s quit their job to pursue their dream, but clearly didn’t have a solid business plan or enough in savings to sustain them throughout the ups and downs of entrepreneurship. That’s a big reason why I kept my side hustle as just that for 5 years until I was financially ready and was actually earning enough from my business to make me feel secure enough to leave my job. I certainly didn’t have $100,000 like Luisa did, but I had enough in my bank account that would basically last me a year if for some reason I couldn’t earn a penny during that first year on my own. Beyond talking about the financial aspect if starting your own business, Luisa also shared some other great tips on how to success and how to promote yourself even at your 9 to 5 so you can grow in your career. Important Lessons When Starting Out on Your Own Learn from your failures, don’t quit because of them. Stay humble. Figure out how to be a leader for your community. Stand up for what you believe in. How to Promote Yourself at Work (without sounding arrogant) Study how success people around you present and talk about themselves. Speak about your projects with enthusiasm. Sharing your accomplishments as stories. Grow a thick skin. Helpful Resources Sign up to Luisa’s Weekend Empire Challenge. Sign up to Luisa’s Free Master Class “How to Get Your First 3 Coaching Clients.” Follow Luisa’s latest updates on Facebook and Twitter. Check out Luisa’s blog to learn more about side hustles and entrepreneurship. For full podcast show notes visit https://jessicamoorhouse.com/117

2017-10-05 00:00:00

116 How a Shopping Ban Could Help Refocus Your Finances - Cait Flanders, Author of The Year of Less (Millennial Money Meetup #3 Live Recording)

I was joined by Cait Flanders, author of The Year of Less, for my latest Millennial Money Meetup in Vancouver and she shared about her 2-year shopping ban. Long description: At the event, Cait dropped some major truth bombs that I want to recap right here. It’s funny, even though I know Cait really well and we talk all the time, when she was sharing her story, some of what she said really made me think twice about how I think about spending, saving and earning. You Shouldn’t Feel Guilty About Spending Money For instance, a big part of her personal finance journey is getting out of debt. In her early 20s she spent more than she earned and racked up a bunch of consumer debt. So, she hustled to get that debt number to zero and has maintained her debt-free status ever since. This is no easy feat, but what she discovered was that after becoming debt-free, her spending started to ramp up again. This wasn’t because she was a shopaholic, it’s because she just wasn’t being mindful with her spending. Let’s be honest, that’s probably most of us. We are so used to spending first, thinking second, that most of what we buy isn’t anything that’s of any real value in our lives. She also found that she wasn’t saving that much. What’s the point of being debt-free if you can’t finally allocate those debt-repayment dollars towards your savings goals? That’s where the shopping ban idea came in. She wanted to take control of her spending without feeling guilty about it. That’s an interesting thing that she made sure we all understand. A shopping ban isn’t to make you feel bad about spending. It’s to prioritize your spending. She still had to spend money, despite what “shopping ban” may sound like. She still had bills to pay and sometimes needed to buy a new bed or pair of pants. And that’s fine. But she just wanted to make sure everything she spent money on mattered. Mindful spending is definitely something I think we can all try to be better at (though as I mentioned in the recording, I’m not sure I’m strong enough to do a 2-year shopping ban). Be Open to the Idea of Earning More I loved that she brought this up, because Cait and I actually talked about this one-on-one during my Vancouver visit. We’re both self-employed, though Cait’s been at it for a few years already, and making money is definitely at the forefront of your mind when you’re solely responsible for making the bacon. I do sometimes miss getting a guaranteed paycheque every two weeks, but I also love finally being my own boss. Still, I’m always thinking about earning. I’ve got a spreadsheet I update constantly, I use Freshbooks to help me with my accounting (which I literally couldn’t live without), and I’m always hustling to make that money honey. Money is always on my mind, and sometimes it really gets me down. Sometimes I get excited about the idea of earning more than I ever have before because finally there’s no salary cap. But most times I just hope I can make as much as the job I left. It’s a constant psychological battle of wanting to earn more so I can live a better life, and wanting to earn just enough so I can afford my current life. Cait shared some of what she’s experienced working for herself, and how for years she would think she could only make a certain amount. She never had aspirations of earning 6 figures per year, and she was fine with that. But then she started talking to a few friends, and realized that she was limiting herself by not being open to the idea of earning more. I think this is something we’ve all thought at one point or another (especially us women). The idea that we can only earn a certain amount, or trying to rationalize why we don’t need to earn more. I would love to earn more. I’d love to bring in 6 figures per year. But I’m also afraid that if I put that pressure on myself, I’ll be too focused on making money and not focused enough on my main calling which is helping and empowering others. But when Cait brought up it was more about being open to earning more, I just really like how she put it. I don’t need to earn a lot to be happy, but earning more than I am now could offer me more choice, more opportunity and ultimately more freedom. For full show notes visit: https://jessicamoorhouse.com/116

2017-09-28 21:00:00

115 How to Become a Millionaire Blogger - Michelle Schroeder-Garnder, Making Sense of Cents

Ever daydreamed of being able to RV around the country and working solely from your laptop? That dream is Michelle from Making Sense of Cents' reality, and she shares how she went from being 4-figures in debt to earning 6-figures every month Long description: I’m so excited to be kicking off Season 5 of the Mo’ Money Podcast with this stellar interview with Michelle Schroeder-Gardner from Making Sense of Cents. It’s not every day you get to talk to someone you’ve been following for years who went from ordinary personal finance blogger to online entrepreneur raking in over $100,000 per month (yes, I’m not lying, just check out her income reports for proof!). Now, I want to preface that even though Michelle is able to earn six figures per month, if you’re not, that’s ok! This episode isn’t to say that you should be earning as much as Michelle and if you’re not you’re failing at life. This episode should serve as motivation and inspiration to earn more than you do right now. Michelle didn’t start out making this much, she hustled to get where she is today. And she still hustles today to keep it going so she can continue RVing around the country, working from her laptop and supporting her family. So after this episode, I dare you to look at your current financial situation, start taking your debt seriously if you have some, and see if there is any way you can earn a little extra to help you move toward you financial goals that much quicker. Here are some tips from Michelle below to help you get started. Tips for Getting Out of Debt Take all of your student loan balances and add them up so you know the exact total. This will give you a concrete number to keep in your mind to work towards paying off. Find ways to cut back on your spending so you can put any extra money towards debt-repayment. Find ways to earn extra money so you can pile that onto your debt to accelerate repayment. Set a deadline and be specific. Don’t just say you want to pay off your debt in a few years. Pick a specific date two years from now that will be your debt-free date. Tips for Starting an Online Business Diversification is key to start out so you don't rely on one income source. Find out what works for you, and if you want to be a freelancer who works for clients or an entrepreneur who sells products or has a service for customers. In terms of blogging income, creating a product (like a course) can be a great source of income, and same with taking part in affiliate programs. For more info, visit the podcast show notes: https://jessicamoorhouse.com/115

2017-09-27 21:00:00

Special Episode - Important Announcement About What's to Come Fall 2017

I rarely do this, but I just had to put out this special episode to share some really important announcements I don't want you to miss! First off, the next season of the podcast (Season 5 if you’re counting) will officially kick off on Wednesday, Sept. 27 with a fresh new episode! This season has a great line-up of guests and a lot of the interviews focus on making money and earning more to help your finances, so you definitely want to tune in! Another thing that’ll be happening on Sept. 27 is my book club! I started a book club in the summer and I want you to join in for the next one. It'll be going down in my Facebook group (Money Life Balance Community) on Sept. 27 at 7pm ET and we're reading Millionaire Teacher by Andrew Hallam. He'll also join us live for the book club, so you won't want to miss that! To learn more, visit https://jessicamoorhouse.com/bookclub Something that’s happening even before all that is a very special event I’ll be doing in my hometown! For all of my Vancouver friends, I'm going to be hosting my Millennial Money Meetup in Vancouver on Monday, Sept. 18, so visit http://millennialmoneymeetup.com to get your tickets before they're sold out! Last but not least, if you missed out on your chance to register for the Rich & Fit Bootcamp this past June, fear not because the doors are opening once again. Sign up for updates at http://richandfitbootcamp.com to be the first to know when you can enroll!

2017-09-04 22:32:14

114 Thoughts on Being a Solopreneur, Owning a Home & the Future

To wrap up Season 4 of the Mo' Money Podcast, I recorded a special solo episode to share what I've been up to and my plans for the future. Long description: I can't believe we've already arrived at the end of Season 4 of the Mo' Money Podcast. With 114 episodes and 2 years of podcasting under my belt, I can honestly say that starting this podcast has hands-down been one of the best decisions I ever made. To wrap up with season, I thought it was time for another solo episode. So, I took some time last week to lay on my couch therapy-stay and record pretty much anything that came into my head. I share what it's been like since I quit my full-time job to work for myself. How it's been being a homeowner for almost a year now (spoiler: it's been awesome and expensive). And lastly, I share what I've got coming up for the second half of the year and some ideas I've been considering for Season 5 of the podcast and just my community building efforts at large. Ideas I've Got for the Future For instance, would you be interested in a special series on the podcast dedicated to making money and entrepreneurship? I know there are a ton of podcasts out there focused on that already, but I find none of them truly talk about the financial aspects of owning a business or starting a side hustle. Another idea I had was to start doing mini-meetups in my city of Toronto (and maybe in Vancouver when I'm in town). I love doing my Millennial Money Meetups, but they're a pretty big ordeal and it would be neat to do something a bit smaller and more intimate. My last idea was maybe start some sort of book club in my Facebook group. Logistically, I'm not exactly sure how to do this besides integrating a Facebook live aspect to it, but I think it would be a great way for us all to learn then chat about different aspects of personal finance. Just putting that out there, so if you have some opinions or have any other ideas you'd like me to explore, please let me know by tweeting me or emailing me! A Huge Thank You for Supporting the Podcast! Aside from me just talking about me for a good 30 minutes, what I really want to express closing out this season is how thankful I am for you listening and subscribing to my podcast. It was a passion project that quickly turned into something real that people binge-listen to! I never thought I could affect or reach people like I am through this podcast, and it's honestly the best feeling in the world to feel that type of strong connection. It's something I never really felt with just the blog, so seriously a big thank you for supporting the Mo' Money Podcast, and I'm excited to kick-off Season 5 of the show this fall. Make sure to subscribe on iTunes, SoundCloud or YouTube if you haven't already to be updated when Season 5 starts, or sign up to my weekly newsletter to stay in the loop! Other Solo Episodes You May Want to Listen to Episode 82: Why I Quit My Job to Become an Entrepreneur Episode 80: Why 2016 Was Crazy Wonderful — A Year in Review Episode 54: I’m Back from the Summer & I’ve Got Some Big News Episode 52: 30 Life Lessons I’ve Learned Before Turning 30 Episode 30: Education & the Student Life Episode 20: Being a Missionary & Sponsoring a Child Episode 10: Moving Away & Starting Over Episode 1: My Personal Finance Journey For more podcast episodes, check out the podcast page. Show notes: jessicamoorhouse.com/114

2017-06-29 00:00:00

113 Managing Your Money Successfully as a Couple - Talaat & Tai McNeely

Managing your money with your partner doesn't have to be awkward or even difficult, and Talaat & Tai McNeely from His and Her Money share how to do it successfully. Long description: For my second to last episode of season 4 of the Mo' Money Podcast, I chat with Talaat and Tai McNeely, America's favourite money couple from His and Her Money. We talk about how they got together and figured out their own financial differences, then what led them to start helping others and sharing their wisdom with the masses through their podcast and YouTube channel. If you're in a couple, and you have a ton of questions about how to manage your money successfully with your partner, this Talaat and Tai have the answers. They've been together for over a decade and have been through or seen it all. And their advice is on point! At the end of the end, it really just comes down to open communication and respect. Just like working through other issues in a relationship, you need to listen to your partner, understand where they are coming from, compromise and really tackle those issues as a team. Talaat & Tai's Top Blog Posts 3 Words That Will Help You Become Debt Free Faster 9 Smart Financial Moves Every Single Should Make Does Your FICO Score Really Matter? Follow Talaat & Tai on Social Like Talaat & Tai on Facebook Follow Talaat & Tai on Twitter Like Talaat & Tai on Instagram Subscribe to Talaat & Tai on YouTube For more podcast episodes, check out the podcast page. Show notes: jessicamoorhouse.com/113

2017-06-21 23:19:10

112 How to Empower Yourself by Taking Control of Your Money - Hilary Hendershott, CFP & Host of Profit Boss Radio

Do you know what your money operating system is? Hilary Hendershott discusses this, as well as how to empower yourself through your money & navigating divorce in this episode. Long description: This is by far one of my favourite podcast episodes of the season, and it all has to do with how insightful and wise Hilary Hendershott is. Not only does she hold an MBA and CFP (so she knows her stuff!), she has a great story. At the beginning, she was terrible with her money. Even when she was working as a financial advisor, helping others with their money, she wasn't taking care of hers. When her credit cards got maxed out and she realized she somehow couldn't afford her mortgage payments, that's when she decided to make a drastic change. She made the decision to take control of her money, start understanding her money operating system (a.k.a. money mindset), and managing her money in a way that worked best with her and her psyche. Now, she's miles away from where she used to be, and is driven to help other women do the same with their finances. This is the perfect episode for some major Wednesday Wisdom, so I hope you enjoy it as much as I did when I recorded it (and re-listened to it). If there's anything you can takeaway from this episode, it's that no matter where you are right now financially, that doesn't mean you have to stay there. You too can make a change for the better. You just have to take that first step by making it your top priority, then dedicating the time and effort required to follow through with a solid financial plan. Wise Words from Hilary I believe you can be financially free. Believe in your economic independence. I believe you are always free to imagine, design and create wealth in your life. I believe that wealth is well-being. I believe having money creates options. I believe when you are unconstrained, anything is possible. I believe in bootstrapping and micro lending and entrepreneurship. I believe in a world where everyone has enough. Read more on Hilary's "What I believe" section of her website. Hilary's Top Podcast Episodes The Future of Money with Amanda Steinberg Are You Blocking Your Wealth? Find Out with Denise Duffield Thomas Big Money Lessons for Women from Shark Tank Entrepreneurs with Sharon Poczter Follow Hilary on Social Join Hilary on Facebook Follow Hilary on Twitter Follow Hilary on Pinterest For more podcast episodes, check out the podcast page. Show notes: jessicamoorhouse.com/112

2017-06-14 23:04:07

111 How to Reach Financial Independence - Pauline Paquin, Blogger at Reach Financial Independence

Want to learn how to reach financial independence, so you can sit by the beach and do whatever you want? Well, it's not exactly easy but it is absolutely possible. I chat with Pauline Paquin, blogger at Reach Financial Independence, to discuss how she was able to leave the 9 to 5 world, work remotely in Guatemala, and live a life most of us could only dream of. Long description: Ever dreamed quitting your 9 to 5 and working remotely from your laptop in paradise? Sounds like a dream, but it can actually become your reality...if you follow in Pauline Paquin's footsteps. Pauline has figured out the secret sauce to living a financially independent life, like so many of us fantasize about on a day-to-day basis. But it wasn't just luck, and no she didn't win the lottery. She started out by graduating university debt-free and investing her savings into a rental property. The income from the rental helped pay for her to travel abroad, but she knew she needed do something extra to not always live on a shoestring budget. So, she started freelance writing and eventually started her own blog — Reach Financial Independence. Since then, she's also started another blog called Make Money Your Way, and has bought two other money-making blogs — Frugaling and Savvy Scot. Pauline also shares one of her big inspirations and motivators in her life — Ramit Sethi from I Will Teach You to Be Rich. One of the biggest lessons she's learned from Ramit's teachings is that you should adopt an abundance money mindset instead of a scarcity mindset. This essentially means stopping the thinking of "I can't afford that" and changing it to "How can I afford that? What do I need to do in my life to reach that goal." Having the right mindset when it comes to money is a big key to reaching your goals, no matter what they are, and I'll admit I absolutely have the same money mindset when it comes to my life. I hope you enjoy this interview with Pauline, and make sure to scroll down below for more info about my Rich & Fit Bootcamp course, or click here to visit the registration page. Check Out Pauline's Best Blog Posts Crossing from a Debt Desert to a Financially Independent Oasis Top-Paying Side Gigs for a Second Income Stream that You Should Consider Make Your Career Soar and Reach Financial Independence Follow Pauline on Social Follow Pauline on Twitter Like Pauline on Facebook Follow Pauline on Instagram Follow Pauline on Pinterest Register for the Rich & Fit Bootcamp I mentioned in this episode that myself and business partner Jaclyn Phillips have finally launched our Rich & Fit Bootcamp course together, and I want to share all the juicy details with you! First, visit the registration page to learn more and to register before the cut off date of Wednesday, June 7. But also, check out our webinar replay to find out what we'll be teaching and what the course platform will look like when you get access to it. If you do want to register, and want to take advantage of a special deal going on right now, use the promo code rfpromofirst10 to get 50% off your purchase price! And if you have any questions and aren't sure if this is right for you, please email me, happy to chat! Learn more about the Rich & Fit Bootcamp For more podcast episodes, check out the podcast page. Show notes: jessicamoorhouse.com/111

2017-06-08 00:20:39

110 How to Earn Extra Income by Getting a Side Hustle - Nick Loper, Founder of Side Hustle Nation

At a certain point in your personal finance journey, you'll realize that there's nothing left to cut out of your budget and you're living as frugally as you can. At that point, it's either time to look for a higher paying job or joining a number of others by getting yourself a side hustle. In this episode I chat with Nick Loper, founder of Side Hustle Nation, about how to get a side hustle and how he was able to turn his love for side hustles into his full-time gig. Long description: It seems like everyone has a side hustle these days, or is thinking about starting one. Which is why I thought the perfect guest to have on the Mo' Money Podcast would be Nick Loper from Side Hustle Nation. I met him after I spoke at FinCon's Ignite last year, and I was in total awe of his podcast and the insanely loyal audience he grew. But the best thing is, he's seriously the nicest, humblest guy! Now, I've kind of always had a side hustle. It started with being a teleprompter operator for the news, PAing on film sets, then eventually I started this blog to see if I can earn some money. Well, after almost 6 years, I was able to finally turn this side hustle into my full-time hustle, so if you're ever wondering whether it's worth it to start a side hustle and spend some of your extra hours on building a side business — just try it. There's no harm in trying a few things out and seeing if they work. And there's no shame in failure as long as you walk away with a lesson learned. In this episode, Nick also shares his personal story with getting his first side hustle and how he eventually became an online entrepreneur teaching others about how side hustles could take them to the next level with their financials. As I always tell people, at a certain point, you'll find with your budget that there's nothing left to cut out. And at that point, it's time to start looking at other ways to earn some extra income. I hope you enjoy this interview with Nick, and make sure to scroll down below for more info about my Rich & Fit Bootcamp course, or click here to visit the registration page. Check Out Nick's Best Podcast Episodes How 25 Side Hustlers Made Their First Entrepreneurial Income 5 Real Estate Side Hustles You Can Start on the Cheap How a Former Hairdresser Turned Her Side Hustle Into a 6-Figure Business Check Out Nick's Best Blog Posts 5 Questions to Answer Before You Quit Your Job: Your Make the Leap Checklist How I Made $2000 While Vacationing in Rome: Freelancing While Traveling – Without the Guilt How I Built a Million Dollar Blog (by Growing a Loyal Audience) Follow Nick on Social Follow Nick on Twitter Like Nick on Facebook Follow Nick on Pinterest Register for the Rich & Fit Bootcamp I mentioned in this episode that myself and business partner Jaclyn Phillips have finally launched our Rich & Fit Bootcamp course together, and I want to share all the juicy details with you! First, visit the registration page to learn more and to register before the cut off date of Wednesday, June 7. But also, check out our webinar replay to find out what we'll be teaching and what the course platform will look like when you get access to it. And if you have any questions and aren't sure if this is right for you, please email me, happy to chat! Learn more about the Rich & Fit Bootcamp For more podcast episodes, check out the podcast page. Show notes: jessicamoorhouse.com/110

2017-06-01 00:00:00

109 How to Manage Your Money as a Millennial - Erin Lowry, Author of Broke Millennial

Millennials have a different way of thinking and handling money compared to Generation X and the Baby Boomers, and Broke Millennial author Erin Lowry shares the dos and don'ts of money management for Generation Y in this interview about her book, her blog and her journey to becoming one of the top millennial money experts around. Long description: Is there really that big of a difference between managing your money as a millennial compared to being a Gen Xer or Baby Boomer? As a millennial who has read numerous personal finance blogs and books, have attended my fair share of finance conferences, and have been writing and interviewing others on personal finance for over 5 years now, my answer is yes, yes and a BIG yes! Luckily, I'm not the only one who thinks this way and Erin Lowry, the blogger behind BrokeMillennial.com, wrote a book (also named Broke Millennial) that focuses on money for millennials specifically. Although when it really comes down to it, the principles of personal finance don't really change generation to generation. But the fact still remains, we are a very different generation than those before us. We experienced different things and sometimes speak a different language. And that's why I found it so refreshing to read Erin's book that really got me. Got my struggles with money and offered practical and modern solutions. Grab a Copy of Erin's Book Broke Millennial If you want a book that focuses on millennial money issues specifically, and outlines how to tackle your road blocks with money, how to choose the best budgeting style for you, how to negotiate a better salary and much more, grab a copy of Erin's newly released book . Check Out Erin's Best Blog Posts The True Value of a "Worthless" Degree Reflecting on 4 Years as Broke Millennial An Examination of Will Power: Money vs. Health Taking Time to Recalibrate with a Financial Cleanse Follow Erin on Social Check out Erin on Instagram Follow Erin on Twitter Like Erin on Facebook Follow Erin on Pinterest Join Me for a Live Webinar! I mentioned in this episode about an upcoming webinar I'll be hosting with friend and business partner Jaclyn Phillips. We'll be doing a live webinar all about how to master your money and fitness on Wednesday, May 31 at 7pm ET to kick-off the launch of our Rich & Fit Bootcamp course. Registration for the course will open right after the webinar, and promptly close on Wednesday, June 7 (that's right, we're only opening the doors for 1 week!). And a big reason you'll want to join us for the webinar is because not only will we discuss more about the course specifically, but we'll also be awarding 3 scholarships to the course to 3 lucky live webinar attendees. Make sure to save your seat for the webinar by clicking here » For more podcast episodes, check out the podcast page. Show notes: jessicamoorhouse.com/109

2017-05-25 00:00:00

108 Financial Literacy for Teens - Eva Baker, Creator of TeensGotCents & Founder of The Teenpreneur Conference

I chat with TeensGotCents creator Eva Baker about why she's so passionate about educating teens about personal finance, what inspired her to found The Teenpreneur Conference, and what she wants teens to know the most about managing their money the smart way. Long description: Unlike many teens her age, Eva Baker started to get interested in personal finance at the young age of 16. She started listening to Dave Ramsey's teachings, and got hooked. But what she soon realized is there was a ton of information out there on how to fix your financial woes, but not a ton on how to avoid them when you're a teen and just starting your own personal finance journey. That's when she got the idea to create TeensGotCents, a financial literacy blog for teens that explores money and issues relating to adolescents specifically. I sure wish her blog was around when I was in high school! I'm sure I would have figured out how to make my part-time job income go further. As she mentions in the interview, she also started her blog as her major project for school, but it eventually took off and became her full-time gig. Now in her 20s, she manages a staff of writers to keep creating valuable content for teens on the website. And if that weren't impressive enough, she also founded her own conference — The Teenpreneur Conference — that's all about promoting entrepreneurship to teens. The next conference will be taking place June 8-10, 2017 in Jacksonville, Florida. Check Out Eva's Best Blog Posts 3 Reasons An Emergency Fund Is Critical For a Teen If You Have a Car Teens Investing in the Stock Market Confessions of a Personal Finance Blogger Generosity: The Key to Joy and Fulfillment Follow Eva on Social Check out Eva on Instagram Follow Eva on Twitter Like Eva on Facebook Follow Eva on Pinterest Join Me for a Live Webinar! I mentioned in this episode about an upcoming webinar I'll be hosting with friend and business partner Jaclyn Phillips. We'll be doing a live webinar all about how to master your money and fitness on Wednesday, May 31 at 7pm ET to kick-off the launch of our Rich & Fit Bootcamp course. Registration for the course will open right after the webinar, and promptly close on Wednesday, June 7 (that's right, we're only opening the doors for 1 week!). And a big reason you'll want to join us for the webinar is because not only will we discuss more about the course specifically, but we'll also be awarding 3 scholarships to the course to 3 lucky live webinar attendees. Make sure to save your seat for the webinar by clicking here » For more podcast episodes, check out the podcast page. Show notes: jessicamoorhouse.com/108

2017-05-18 00:00:00

107 How to Hustle to the Top - Codie Sanchez, Entrepreneur, Speaker & Investor

Think starting your own business and becoming a recognized personal brand while working full-time sounds impossible? Then you haven't heard Codie Sanchez's story yet. Long description: Time and time again, I get people asking me how the heck I managed to work full-time for 5 years while growing my side hustle. Looking back after now being self-employed for over 4 months, I don't really know. All I can say is I hustled like crazy because deep down I knew I was working towards something big and special. The same can be said for Codie Sanchez who not only head's the Latin American & Offshore Sales division of First Trust, but is an entrepreneur on the side. She founded the company ThreadsRefined back in 2015, and now is focused on growing her personal brand as an influencer, podcaster (she hosts The Struggle Isn't Real show), keynote speaker and investor. And she's still in her 20s! The big takeaway I got from interviewing Codie was that there really are no limits besides the ones we place on ourselves. Just look at most of the really successful people around these days. Most of them started from the bottom and worked there way to the top. And now with access to more information, more resources and more opportunities than ever (thanks to the internet!), it's that much easier to build a business of your own or set your sights on becoming a leader in your field. As a woman, this has always been something I've struggled with believing. I always knew I was meant for a leadership role in some capacity, but to be honest, there aren't that many female role models out there to emulate. Hopefully that'll be concept of the past in the near future, because with inspiring female entrepreneurs like Codie, it's becoming clearer that the sky is the limit if you don't mind working hard, taking risks, doing things that scare you and never giving up. Check Out Codie's Best Blog Posts Don't Be Afraid to Ask for What You Want Care Over Commerce: Build a Brand & a Life That Matters Become an Influencer, Go Viral, Create a Tribe Follow Codie on Social Check out Codie on Instagram Follow Codie on Twitter Subscribe to Codie on YouTube For more podcast episodes, check out the podcast page. Show notes: jessicamoorhouse.com/107

2017-05-11 00:00:00

106 How to Become a Millionaire on an Average Salary - Andrew Hallam, Author of Millionaire Teacher

Want to become a millionaire, but don't think you'll ever earn a crazy salary? Millionaire Teacher author Andrew Hallam shares why it's not how much you earn, it's how much save and invest that's truly important. Long description: I don't normally, or ever, get excited about investing books. Since I started the podcast, you wouldn't believe how many authors, agents and publishers infiltrate my inbox with their latest investing book they like me to check out. Hey, it's nice to get free books to check out, but I've got limited time and I can really only sit down and spend time with the books I know my blog readers and podcast listeners will love to. Millionaire Teacher by Andrew Hallam is one of those books. To find out more about the book and what you can expect to learn when reading it, check out my book review. I think the single most fascinating thing about Andrew's book is that his strategy for investing and becoming a millionaire isn't anything we haven't heard before. He preaches living within your means, not spending like a millionaire before you are, and sticking to simple index funds and ETFs for your portfolio. Then just be patient and consistent. That's it! There's no such thing as a get rich quick strategy that's not a total scam, and the only way to truly build wealth is by being mindful with your money and intentional with your spending. It's that simple. I'm not exaggerating when I say that I whipped through his book in a weekend and then couldn't wait to tell the world about it. His book actually made me realize "Hey, if he can do it on a teacher's salary, my husband and I can do it as two self-employed people." We're still young, we've moved our investments over from actively managed mutual funds to low-fee ETFs, and we're making a very conscious effort to curb our spending and living a frugal lifestyle. I'm not exactly sure if we'll be able to attain millionaire status like Andrew did at 38 (that's only 8 years away), but you never know! I'll just be happy if we can achieve that in our late 40s or 50s, and I'm excited to put Andrew's tips into practice to help us get there. Also, in case you're scratching your head about the giraffe photo I mentioned at the end of the episode, when I was emailing Andrew to set a date to chat for the podcast, he was travelling around Kenya. Because he's awesome, he shared this really cute photo of himself getting headbutted by a giraffe and I literally laughed out loud when I got it. So there you go! Check Out Andrew's Books Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School The Global Expatriate’s Guide To Investing – From Millionaire Teacher to Millionaire Expat Andrew's Investing Book Recommendations The New Coffeehouse Investor: How to Build Wealth, Ignore Wall Street, and Get on with Your Life by Bill Schultheis The Lazy Person’s Guide to Investing: A Book for Procrastinators, the Financially Challenged, and Everyone Who Worries About Dealing With Their Money by Paul Farrell The Smartest Investment Book You’ll Ever Read: The Simple, Stress-Free Way to Reach Your Investment Goals by Daniel Solin The Elements of Investing by Charles Ellis How a Second Grader Beats Wall Street: Golden Rules Any Investor Can Learn by Allan Roth Follow Andrew on Social Like Andrew on Facebook Follow Andrew on Twitter For more podcast episodes, check out the podcast page. Show notes: jessicamoorhouse.com/106

2017-05-04 00:00:00

105 How to Save & Make Money through the Second-Hand Economy - Kerry Taylor, Blogger at Squawkfox

I chat with popular personal finance personality Kerry Taylor from Squawkfox about how she got into the personal finance sphere and why she's a big advocate of the second-hand economy. Long description: Kerry Taylor's blog Squawkfox was one of the first personal finance blogs I stumbled upon when I was starting my personal finance journey in my early 20s. And now, so many years later I got the chance to chat with her on the podcast all about her own journey from computer science student, to living in rural British Columbia, to moving back to her hometown of Toronto, to now being a constant voice in The Globe & Mail and CBC. One of the big reasons I really wanted to have Kerry on the show was because she has an awesome sense of style, but she doesn't break the bank to stay fashionable. She's a huge advocate of the second-hand economy, and it all started with trying to save money when buying clothes for her daughter. When she discovered that there were a number of consignment shops and Facebook groups dedicated to buying and selling quality second-hand goods, she got hooked. And pretty much convinced me (and you once you listen) to start taking advantage of the second-hand economy too! Thanks so much Kerry for chatting with me and sharing your insight and story with me! Kerry's Top Blog Posts How to get married for $239 Make a Starbucks Frappuccino for $0.32 The cost of collecting 6 Words That Make Your Resume Suck Follow Kerry on Social Join Kerry on Facebook Follow Kerry on Twitter Subscribe to Kerry on YouTube For more podcast episodes, check out the podcast page. Show notes: jessicamoorhouse.com/105

2017-04-27 00:00:00

104 Mindfulness & Money - Leisa Peterson, Founder of Wealth Clinic

Mindfulness and money may have more in common than you think. Just listen to Leisa Peterson, founder of the Wealth Clinic, explain how both have changed her life. Long description: You may not think that mindfulness and money have anything to do with each other, but that just means you haven't yet listened to this episode with Leisa Peterson, Found of the Wealth Clinic and podcast host of the Art of Abundance. Leisa has an incredible story about having an ultra successful career in the financial industry, but also making the tough decision to leave it all to start her own coaching business to take control of her life again. It's a big misconception that with a rising career and increasing salary, happiness is sure to follow. But that's not usually the case if you're not doing what you feel called to do in life. And sometimes taking a risk and doing something out of the ordinary can seem scary and even foolish. But, it can also be your saving grace. It's funny, when I was recording this episode with Leisa back in the fall, I was going through a similar crisis, weighing the pros and cons of leaving my corporate job to start my own business. I was terrified at the prospect of no guaranteed income and possible failure, but I knew it was the only choice because I was absolutely miserable and not doing what I felt I was called to do in this life. And now, so many months later, I'm releasing this interview with Leisa having taken the plunge and am so glad I made the choice to leave my job. We talk a lot about fulfillment in this episode, probably because it was something I was seriously lacking at the time. But now, I can honestly say I feel more fulfilled than I have in years. I may not make as much money as I did at my 9 to 5, but somehow I feel wealthier than I ever have before. Thanks Leisa for the wonderful interview and insight into how mindfulness and money should always mix! Helpful Resources & Events by Leisa Free 5 Part eCourse – Money and Mindfulness Infinite Abundance Mindfulness Challenge Breaking Free to Abundance In-Person Retreat Leisa's Top Podcast Episodes You Are Worth It with Amanda Steinberg Breaking Free of Scarcity Beliefs Journal Your Way to Abundance with Kim Ades Learning to Forgive with Kathryn Eriksen Follow Leisa on Social Join Leisa on Facebook Follow Leisa on Twitter Connect with Leisa on LinkedIn Follow Leisa on Pinterest For more podcast episodes, check out the podcast page. Show notes: jessicamoorhouse.com/104

2017-04-20 00:00:00

103 How to Be Awesome, Not Broke - Garrett Philbin, Financial Life Coach

I talk money, balance, travel, entrepreneurship and more with millennial financial life coach Garrett Philbin (one of the happiest, most positive people I know!). Long description: If you're looking for an upper of an episode, something to get you pumped to tackle your life and finances, my guest Garrett Philbin, financial life coach of at Be Awesome, No Broke, is just what the doctor ordered. He doesn't just have the perfect radio voice, he literally exudes positivity. It makes sense why he ditched his career in the music business to focused all of his energy and talent in to helping others with their money and life issues. And similar to what I'm doing right now, he's on his way to becoming an Accredited Financial Counsellor. I may have convinced him after recording this episode back in the fall to look into the American version, and now he's on his way to finishing the program. We talked about a lot of awesome things in this episode, including Garrett's jump into entrepreneurship, his soul-searching road trip and the deeper reasons why we all struggle with money. Seriously, if after listening to this episode you feel like this is the time in your life that you need to ask for help, Garrett is definitely someone who will be there if you ask. Garrett's Top Blog Posts Why Your “Obstacles” Mostly Aren’t Seven Steps to Making Your Money Matter How Creating A Morning Routine Saved My Life You Don't Need a Plan Follow Garrett on Social Join Garrett on Facebook Follow Garrett on Twitter Check Out Garrett on Instagram Follow Garrett on LinkedIn What's Your Money Personality? I mentioned checking out my money personality quiz in this episode, and you can do so right here: jessicamoorhouse.com/quiz For more podcast episodes, check out the podcast page. Show notes: jessicamoorhouse.com/103

2017-04-13 00:00:00

Special Episode - Facebook Live Q&A with Lisa Gittens from H&R Block

A special bonus podcast episode for you! I recently did a Facebook Live session with Lisa Gittens, senior tax expert from H&R Block, and I got a ton of requests to make the audio into a podcast episode. So here it is! Lisa answered tax questions live for 30 minutes, and we got some great questions too. Enjoy!

2017-04-08 00:00:00

102 Listener Series - How to Manage Your Money the Smart Way While Self-Employed

It is possible to live debt-free and prosper financially while self-employed, and podcast listener Christina from Toronto shares how she was able to do it. Long description: Not many people can say they got their first job at the young age of 5 years old, but my Listener Series guest Christina from Toronto isn't like many people. She had a firm grasp on how to earn money from a very young age, which helped her when she started learning about personal finance in university. As she embarked on her career as a freelancer in the film and TV industry, she started realizing that there was more to being financially savvy than just knowing how to earn an income. Now, having been self-employed for 10 years, she shares the tips and tools that have helped keep her out of debt and on a path to financial freedom for anyone else living on a variable income with dreams of financial stability. Helpful Tip Pay yourself first. You may have heard this tip a thousand times, but that's because it works! It's Christina's top money tip, and honestly mine too. All paying yourself first means is allocating your income to your savings goals first, then living on whatever's left. If you're not doing this right now, I promise it'll change your life. A great way to start would be to download my free budget spreadsheet. Join a Facebook Group Christina mentioned that a big help in getting her finances on track was to join personal finance Facebook groups. They are great to learn what other people are doing with their money and to be part of a community that also wants to better their financial situation just like you. Here are some of my top picks! Money Life Balance group Her Money Matters The Busy Budgeters Investing and Personal Finance Club Want to Be a Guest on My Show? Got a story that you think would be good to share on an episode on of Listener series? Please email me! Helpful Resources I spent a good amount of time the past few years creating resources to help you with your money, life and adding more balance into the mix. Check them out on my resources page.

2017-04-07 00:00:00

101 What You Need to Know Before Doing Your Taxes this Season - Lisa Gittens, Senior Tax Expert from H&R Block

Are you ready for tax time? If not, that's okay because I've got the podcast episode that's perfect for you! For episode 101, I chat with senior tax expert Lisa Gittens from H&R Block about how to prepare your return, how H&R Block professionals are trained, why their online software is free, and what are some of the top tax tips people need to know before filing their taxes this year. One thing I highly recommend before getting started on your taxes is to download my free tax preparation checklist. It's a checklist that outlines all the documents you may need to hand-off to your tax preparer or that you'll need when filling out all your info online. Sign Up for a CRA Account One of the best things you can do to make doing your taxes a breeze is by creating an online CRA account. You can change your marital status, name and direct deposit info in just a few seconds online when you've got an account, plus it's also a great way to easily see what your RRSP room is and it also houses all of your past tax returns. Helpful Tax Resources from H&R Block Earned a small amount of income? Here’s why you should still file a return Managing a rental property? Here’s what happens to your taxes If you like free money, you’ll love RESPs NETFILE for the win For more podcast episodes, check out the podcast page. Show notes: jessicamoorhouse.com/101

2017-04-06 00:00:00

100 How to Tackle Money as a Couple - Elle Martinez, Host of the Couple Money Podcast

To mark my 100th episode, I talk with fellow podcaster Elle Martinez about money, relationships and how to tackle money as a couple. Long description: Can you believe we're already at 100 episodes? I'm kind of in awe honestly. What a journey it has been, and what a great interview I've got to share to mark this milestone. For this episode, I chat with a fellow female podcaster and blogger, Elle Martinez from Couple Money. Make sure to check out her awesome Couple Money Podcast too, she's an amazing podcast host! We talk about her story of figuring out how to manage their money together before getting married, and how this eventually inspired her to start her own blog and podcast to help other couples tackle their money. We've all heard the stats, money is one of the biggest reasons couples break up. But if you have open communication, are working towards the same goals and both feel involved with the family finances, that's how you can set yourself up for success. Elle offers some sage advice and great examples of couples she's interviewed who have overcome some major obstacles. Basically, after listening to this episode, you'll feel just like me and want to set up your next money meeting with your partner pronto! Elle's Top Blog Posts Free & Cheap Date Nights for Couples Getting Your Spouse to Save More Take the $20 Date Night Challenge! Let’s Start Travel Hacking Together! Follow Elle on Social Join Elle on Facebook Follow Elle on Twitter Check Out Elle on Instagram Follow Elle on Pinterest For more podcast episodes, check out the podcast page. Show notes: jessicamoorhouse.com/100

2017-03-30 00:00:00

099 Listener Series - How to Budget for a Roadtrip Across America

Podcast listener TJ Pridonoff shares with me how he saved up enough to do a roadtrip across America (and quit his job to do it). He proves that you don't have to be rich to go on a trip of self-discovery in the U.S., you just need to be smart about how you spend your money. Long description: For this episode of my Listener Series, I interview TJ Pridonoff who is currently on a road trip of self-discovery across America. I'm telling you, if ever you hit a point in your life that you feel unhappy, too settled or just need some sort of change to figure out what you want out of your life, travel is always a good solution. When I was 18 and went to Gambia, I had so much clarity when I got back in terms of what I wanted to study in school and do for a career. And after travelling around Thailand for 3 weeks, I came home confident that leaving my job and moving to Toronto was the right answer. I wonder what I'll discover on my next long trip? Anywho, TJ realized not too long ago that he needed a change and to figure out what he really wanted out of life for himself. He'd already gone to school and had a good stable job, but he wanted something more. So he decided to leave his job and take a road trip across the United States to satisfy his travel bug and to help him get some clarity for his future. And he's on that road trip now! The best part is, from a personal finance standpoint, he's proven that to do something like this doesn't mean it'll cost you a ton of money. Especially doing a road trip across the U.S., there are a ton of towns and cities you can stay in for really reasonable prices. The key thing to remember is to have enough cash on hand so you don't run out, budget strategically (so do you research ahead of time), and don't spend your money on stuff. Spend your money wisely to get the most out of your trip. If you want to see where TJ is right now and how his trip has been so far, make sure to check out some of his latest blog posts: Nomadic Leisure Doesn't Work for Me 3 Weeks of No Work Slow Travel - Overrated or Worth It? Thanks TJ for sharing your story with me, and looking forward to reading more about your travels! Want to Be a Guest on My Show? Got a story that you think would be good to share on an episode on of Listener series? Please email me! Helpful Resources I spent a good amount of time the past few years creating resources to help you with your money, life and adding more balance into the mix. Check them out on my resources page. For more podcast episodes, check out the podcast page. Show notes: jessicamoorhouse.com/99

2017-03-24 00:00:00

098 How to Dive Into Real Estate Investing - Kathy Fettke, Real Estate Investing Expert & Author

Ever thought about diving into real estate investing? All your questions are guaranteed to be answered by Real Wealth Network co-founder, real estate expert and author Kathy Fettke in this episode. I ask her almost every question under the sun including how to find a downpayment, how to choose the right property and whether it's smarter to become a landlord or a house flipper. If you want to become more knowledgeable about real estate investing, you need to listen to this episode. Long description: Ever thought about diving into the real estate investing world? I always have, which is why it was such a treat to talk to real estate expert, author and Real Wealth Network co-founder Kathy Fettke. Finally, I had someone to ask my many real estate investing questions to (and if you listen to the episode, you'll know I had a ton!). The biggest takeaways I got from my interview with Kathy was that the real investing game is largely about risk, trust and knowing when to say "yes" or "no". There are so many real investing programs out there that will try to sell you a dream that isn't actually achievable, spew outdated information or charge you 5-figures for access to their investing "secrets". Don't buy into this! And Kathy would agree. Real estate investing is not about getting rich quick, it's a long game. It means buying the right property at the right time, then renting it out, holding onto it for a number of years, then choosing to sell it at the right time. She even suggests you'll make more money by becoming a landlord than trying to flip a property. Flipping may seem like the trendy thing to do with so many shows on HGTV dedicated to the practice, but in the end you won't make as much as renting out your place, and getting those renters to essentially pay your mortgage. I know I still have a lot to learn before my husband and I decide to buy our first investment property, but I'm glad many of my questions about how to get started are now answered! Learn More About Kathy How & Why She Started the Real Wealth Network Kathy's Top Podcast Episodes Fastest Appreciating Real Estate Markets in the U.S. What Type of Commercial Real Estate Will Thrive in 2017 How Election Results Are Affecting Home Buyers and Sellers? Check Out Kathy's Book Retire Rich with Rentals by Kathy Fettke For more podcast episodes, check out the podcast page. Show notes: jessicamoorhouse.com/98

2017-03-23 00:00:00

097 Listener Series - How to Get Your Employer to Pay for Your Degree

Colton from Newfoundland chats with me for this episode of my Listener Series to share how he was able to find an employer that not only helped him earn a salary while being a student, but also to pay for his Bachelor's degree! Long description: I'm so glad Colton from Newfoundland emailed me to be a guest for my Listener Series, because I certainly missed the few weeks without Listener Series episodes, how about you? What I loved about this interview is that Colton offers some very practical and actionable advice on how to go to university without relying on student loans. I'm almost ashamed to say I'd never thought about finding a job while in university that could also help pay for it! Looking back, now I see there were and are so many options to make money as a student that also extra perks. As Colton mentioned for instance, if you work at Starbucks you don't just get a free pound of coffee a week, you also get stock options after a few years. And if you're a server or bartender, you get tips (which could add up to a lot). And many cell phone companies offer special bonuses, commissions on top of pay and other benefits too. Thanks again Colton for chatting with me (even if you did have to talk a bit slower for me, and I thought I talked fast!). I know your story will help so many other students (or future students) listening! Want to Be a Guest on My Show? Got a story that you think would be good to share on an episode on of Listener series? Please email me! Helpful Resources I spent a good amount of time the past few years creating resources to help you with your money, life and adding more balance into the mix. Check them out on my resources page. For more podcast episodes, check out the podcast page. Show notes: jessicamoorhouse.com/97

2017-03-17 00:00:00

096 How an Emergency Fund Can Save Your Life - Kate Dore, Blogger at Cashville Skyline

Want an example of how an emergency fund can come in useful? How about two examples? Kate Dore from Cashville Skyline shares how her's saved her big time. Long description: Who knew an emergency fund could save your life not once, but twice! So is the story of Kate Dore from Cashville Skyline which she shared in full detail for this episode of the podcast. Talk about someone who turned lemons into lemonade! Most people would begrudge their bad luck when faced with two layoffs in 10 years, but not Kate. Instead of complaining or just struggling through it all, she took it as a big lesson in becoming financially prepared. Which later turned out to be her big passion, which is why she's now on the road to becoming a financial planner. If there's only one thing you can take away from this episode, it's this - life happens, so have an emergency fund just in case. I've certainly been thankful for mine on more than one occasion in my life, that's for sure. Not only that, having an emergency fund is hands down the first thing I tell people to set up as they start their personal finance journey. It may not be fun or sexy, but having one will literally save your life! I'm excited to see where Kate ends up after becoming a full-fledged Certified Financial Planner, but until then it looks like she's been busy the past few months creating some great blog posts and personal finance courses. I've linked them below so you can check them out. Join Me on the Self Worth to Net Worth Challenge! Also, as I mentioned, myself, Sarah Li Cain from High Fiving Dollars and Tara Falcone from ReisUP have come together to create a unique 21-day challenge to combine our expertises in money mindsets, budgeting and investing. You'll get an email once a day for 21 days giving you a full outline on what you need to do to feel empowered about your money and take action! Kate's Top Blog Posts How I Boosted My Credit Score Above 800 Quitting Your Job? Start Preparing Your Finances Now How to Survive on a Bare Bones Budget Helpful Resources by Kate Free Budget Makeover Mini-Course Destroy Your Debt: Take Control of Your Financial Life Course Side Hustle Your Way Out of Debt Course Follow Kate on Social Like Kate on Facebook Check Out Kate on Instagram Follow Kate on Twitter Subscribe to Kate on Pinterest For more podcast episodes, check out the podcast page. Show notes: jessicamoorhouse.com/96

2017-03-16 00:00:00

095 How to Rock It As a Financially Independent Woman - Tess Wicks, Host at Words + Money Podcast

I interview my American twin in Tess Wicks, a fellow blogger and host of the personal finance podcast Words + Money. For this episode, we chat about it all include making your own money, switching careers and not being afraid to lean in. Long description: Like I mentioned at the beginning of this episode, Tess Wicks is my American twin. And what good timing for this episode, on International Women's Day! For this episode, Tess and I chat about it all including making money, being a financially independent woman, switching careers, becoming self-employed and not being afraid to speak up and lean in. We actually got the chance to hang out at FinCon this past fall, and she is just as delightful in person as she sounds in this episode. And there have been quite a few changes since I interviewed her. Instead of switching her brand to Wander Wealthy, she's switching to Creative Profit Co., with a focus on helping businesses as well as individuals with their finances. I know I could just be saying this because we're so alike, but I see some big things coming from this girl. She's just so passionate about helping people, I know she's going to make a great difference in so many people's lives. Take the Get Your Financial Life Right Challenge Sign up right here to start my free 10-day email course that'll teach you the most important things you need to do to fix your finances. Some of Tess' Best Blog Posts How To Create Passive Income With Rental Properties A Day in Monaco on a Budget The Capsule Wardrobe: How to Cleanse Your Closet What You Don't Know About Your Credit Card Balance and How Interest Works Follow Tess on Social Like Tess on Facebook Check Out Tess on Instagram Follow Tess on Twitter Connect with Tess on LinkedIn For more podcast episodes, check out the podcast page. Show notes: jessicamoorhouse.com/95

2017-03-09 01:00:00

094 How Saying "No" Can Save Your Finances - Sarah Li Cain, Money Storyteller at High Fiving Dollars

Personal finance isn't just about money. It's about emotions, habits, triggers, mindsets and relationships. I chat about this and more with money storyteller Sarah Li Cain. Long description: Personal finance isn't just about money. It's about emotions, habits, triggers, mindsets and relationships. Many of these aspects of personal finance are explored with Sarah Li Cain, author at High Fiving Dollars, in this podcast episode. Sarah, a fellow Canadian now living in the U.S. with her husband and son, isn't just another personal finance blogger. She's a money storyteller on a mission to teach others about how your actions can truly affect your finances in ways you may have never thought. Take her story for example. Throughout most of her life she was a "Yes Man." Always saying yes when asked for help and putting herself second to provide for those she loved. This doesn't sound so bad, that is until someone takes advantage of your kindness. Which was the case for one of the relationships she was in, where she found herself stuck with $9,000 in debt after the breakup. Sarah doesn't want this to be your story, and she shares more thoughtful pieces of advice in our interview. Not only that, she's developed a number of great resources to help you on your personal finance journey I've listed below. Take Sarah's Spending Triggers Course Sarah's recently created a two-week course all about the triggers that make us overspend and generally mishandle our money. If you want to learn how to curb your spending (and find out why you’re doing it in the first place), sign up to take her course. You won't be disappointed! I was lucky enough to preview her course before she officially launched it, and thought it was a really great and unique program that I knew listeners of my podcast would enjoy. Register for Sarah's spending triggers course here. Sarah's Top Blog Posts How You Can Use Money Wisely to Make Your Life Happier I Worked Hard to Declutter 90% of My Stuff – Here’s What Happened Women, It’s Time to Rise Up and Own Your Financial Prowess Helpful Resources by Sarah Cha-Ching! A Money Coloring Notebook: An Adult Coloring Notebook (Companion Book) Money Relationship Rescue: 5 Part E-Course Money Mindset Quiz Figure Out Your Spending Triggers Course Follow Sarah on Social Like Sarah on Facebook Check Out Sarah on Instagram Follow Sarah on Twitter Subscribe to Sarah on YouTube For more podcast episodes, check out the podcast page. Show notes: jessicamoorhouse.com/94

2017-03-02 01:00:00

093 How to Plan Your Retirement the Smart Way - Fritz Gilbert, Blogger at The Retirement Manifesto

Saving for your retirement is simple. As Fritz Gilbert from The Retirement Manifesto shares, it all comes down to starting early, spending less than you make, and keeping to it. Long description: As I mentioned at the beginning of this episode, lots of us young people don't start thinking about planning for our retirement, well...until it's too late. Which isn't a good thing. It may be difficult wrapping your head around something that won't happen for another 40 or 50 years, but the only way to make sure you'll actually be able to relax and enjoy your retirement is if you start thinking and planning for it as early as possible. Fritz Gilbert, the blogger behind The Retirement Manifesto, joins me for this podcast episode to share what he's learned about retirement over the years and how he is only a few years away from his early retirement at 55. Make sure to check out the links below for more helpful resources and tips on how you can start taking action now so you can rest easy later. Fritz's Advice on How to Retire Early (or Well) Spend less than you make, and do it for a long time. Learn More About Fritz's Retirement Manifesto About Fritz His Top Personal Finance Resources Fritz's Blog Posts You Need to Read The First 6 Steps to Financial Wealth The Retirement Manifesto — How It Started Top 5 Regrets People Have On Their Deathbeds (& How To Avoid Them In Your Life) Follow Fritz on Social Like Desirae on Facebook Follow Desirae on Twitter Check Out Desirae on Instagram Subscribe to Desirae's YouTube Channel Learn How to Save Money with LowestRates My interview with LowestRates CEO Justin Thouin on saving money by comparing rates For more podcast episodes, check out the podcast page. Show notes: jessicamoorhouse.com/93

2017-02-23 01:00:00

092 Listener Series - How to Change Your Life by Changing Your Story

It doesn't matter where you started from, Lisa shares her story that you can rise above and live the life you always wanted by learning from your mistakes and putting the work into it. Long description: Ever since my husband and I watched Tony Robbins in the documentary I Am Not Your Guru a few months ago, we've become major Tony Robbins fans. Whenever we need a pick me up, we just turn on his podcast and immediately get inspired. Yesterday, I was working all day at home and I decided to leave the house to clear my head. I turned on his podcast to get me out of my funk, and you know what it was all about? The theme was changing your story to change your life. If your story is you're fat, well if you stop making excuses and start eating better and working out, you'll change your life. If your story is you're poor, stop complaining that you were born with less and figure out a way to make more money. Which is exactly what Lisa talks about in our interview together. She started out in a lower income family living in a trailer park. She was told she wouldn't be able to go to college or live a different life when she was an adult, and for a while she believed it. But then something clicked and she realized that where she came from wasn't her destiny. And she is living proof of this by graduating college, working a high-paying job and buying a home like she always dreamed of. If you're looking for a good kick in the pants podcast episode to give you that push to stop complaining and start doing, this is it! Make sure to also check out Lisa's own blog documenting her personal finance journey at Mad Money Monster. Lisa's Best Blog Posts About Her Personal Finance Journey All The Jobs And All The Mistakes Before We Were Mr. & Mrs. MMM The ORIGINAL Tiny House How We Avoided Massive College Debt My Single Biggest Financial Mistake: A Decade-Long Disaster Want to Make Some Changes in Your Financial Life? Sign up for my free Get Your Financial Life Right 10-day email course! If you want to fix your finances, this is the perfect way to get started, motivated and educated about exactly what you need to do. Helpful Resources I spent a good chunk of the past few years creating resources to help you with your money, life and adding more balance into the mix. Check them out on my resources page. Want to Be a Guest on My Show? Got a story that you think would be good to share on an episode on of Listener series? Please email me! For more podcast episodes, check out the podcast page. Show notes: jessicamoorhouse.com/92

2017-02-17 01:00:00

091 How to Save Up to Travel the World for 6 Months - Esther Goh, Blogger at NZ Muse

You don't have to be rich to travel the world and buy a home in an expensive city. Esther from NZ Muse proves you just need to be smart with your money. Long description: It was such a pleasure chatting with Esther from one of my favourite personal finance blogs NZ Muse. I've been following her only her own personal finance journey for years, and I'm so glad I was able to finally chat with her one-on-one for this episode. Not only that, she's the first non-North American guest I've had on the show! This episode is all about Esther sharing how she eventually got to a place in her life where she was able to afford to leave work to travel the world for 6 months and also buy a home in the incredibly expensive city of Auckland. Esther's story isn't some crazy story either. She was able to make something most of us only daydream about a reality simply by be strategic with her career and her money. Similar to me, Esther started out working in the media/journalism business. What used to be a thriving and exciting industry is one that has devolved since Facebook and YouTube became major players. It's sad, because journalism is so important (especially with all the fake news floating around), but also like me, she eventually realized that if she wanted to grow in her career and make a decent living, she needed to change course. That's when she decided to move into more a content marketing role, and was able to save up $10,000 to for her 6-month trip. She was able to take a leave of absence for work, but she was also financially prepared to have to look for a new job after her travels. Everything worked out pretty well, because after her bucket list trip she was able to save up another big chunk of money to buy her first home. You see, nothing sensational or unattainable in her story. She just made smart choices! She saw that there was a ceiling in her industry so she switched careers to make a better living. She wanted to fulfill her dream of travelling for a long stretch of time, so she lived frugally and saved up enough cash to do it. She wanted to buy a home to have a nice roof of her head and to build some equity, so she hunkered down once again and saved up enough for a down-payment. The message here is that if she can do it, anyone can do it. You just need to work hard, make smart financial decisions, maintain focus and take action. Some of Esther's Best Posts How to break the cycle of underearning (because you're worth it) What my Asian parents taught me about money The best decision I ever made My first love was a practice run Demystifying the introvert Check Out Esther First Free Course! Great timing for me to share our podcast episode together because Esther just released a 5-day email course all about how to reclaim your money mojo! Make sure to sign up to her free email course to get out of your money rut. Follow Esther on Social Like Esther on Facebook Follow Esther on Twitter Check Out Esther on Pinterest For more podcast episodes, check out the podcast page. Show notes: jessicamoorhouse.com/91

2017-02-16 01:00:00

090 Listener Series - How to Graduate University with Almost Zero Debt

Want to learn how to set yourself up for financial success before graduating university? Listen to my interview with podcast listener Allison about how she'll be able to graduate almost debt-free. Long description: If you want to set yourself (or your kids) up for success, it is crucial to understand the consequences of taking on too much student debt. Yes, it is one way to be able to afford a post-secondary education which in turn could lead to a job with a good salary...but it could also hurt your chances of living a life that's not tied down to years of debt-repayment. For this episode, I chat with one of my podcast listeners Allison from Manitoba, and she shares what she's done so when she graduates she'll only have a few small amount of debt to pay off. This includes her working year-round and during the summers, living extremely frugally, and not using all the student loans she was granted. She is one financially savvy 21 year old, let me tell you. And I know from personal experience because she did pay attention to her finances during university, she'll have a much easier time after graduation. Being debt-free (or close to it) after graduating will not only offer you more freedom and opportunities, but you'll realize that you've already got some great financial habits. You'll also be able to achieve some of your financial goals sooner and build wealth quicker thanks to the magic of compound interest. One resource Allison mentioned a few times, and inspired her to take on this frugal lifestyle, was Mr. Money Mustache. He's actually Canadian (woot woot!) and is mentioned by listeners all the time, so make sure to check out his stuff! I also mentioned in this episode that I interviewed my sister who graduated university almost a year ago. Here's the video of our interview (and she said she was nervous to do a Facebook live stream with me, ha!). My Interview with My Sister About Money After Graduation Listen to the episode I recorded with my younger sister just after she graduated university: http://jessicamoorhouse.com/53 Join the Community I mentioned at the end of the episode that I have a private Facebook group all about Money. Life. Balance. We're over 500 strong, and I'd love for you to join us! Helpful Resources I spent a good chunk of the past few years creating resources to help you with your money, life and adding more balance into the mix. Check them out on my resources page. Got a story that you think would be good to share on an episode on of Listener series? Please email me! For more podcast episodes, check out the podcast page. Show notes: jessicamoorhouse.com/90

2017-02-10 01:00:00

089 How to Save Half Your Income Like a Pro - Desirae Odjick, Blogger at Half Banked

Desirae Odjick, the blogger behind Half Banked, shares her personal finance journey and best money tips for saving and investing for millennials. Long description: I know I said Desirae Odjick, the blogger behind Half Banked, is like a mini-me, but I think what I really meant is she's like a sister from another mister. Once we started chatting, it's like we'd already knew each other, and it was such a treat for me to interview her after following her blog for so long. In this episode, we talk about it all. We touch on how her mom paid her to read personal finance books (which sounds like a dream, but I'm obviously a huge nerd), why she started her blog, how she's on a journey to save half her income, and how she budgets the "low tech" way with a good ol' budget spreadsheet. We also talk a bit about investing, something I think a lot of millennials are afraid to start because they're either afraid of the risk or just don't know where to start. Luckily, Desirae created a great foundational (and free) course to get anyone started on their investing journey. She also mentions that she invests with Wealthsimple, one of the leading robo-advisors in Canada, which is one route you may want to look in to. And if you sign up with Wealthsimple, you can get a $50 bonus when you sign up with them. Desirae has a number of other super helpful resources to help anyone just starting out with taking control of their money, so I've listed them all below. I've also recently made a free email course, called the Get Your Financial Life Right Challenge, that goes through all the basics of personal finance in 10 days. Sign up to get your first email right away! Helpful Resources You Should Check Out The One Minute Budget Zero to Investing Hero Desirae's Fav Money Tools Follow Desirae on Social Like Desirae on Facebook Follow Desirae on Twitter Check Out Desirae on Instagram Subscribe to Desirae's YouTube Channel For more podcast episodes, check out the podcast page. Show notes: jessicamoorhouse.com/89

2017-02-09 01:00:00

088 Listener Series - How to Dress for Success on a Budget with Christina Proctor

You don't have to be rich to look fabulous! Podcast listener Christina Proctor shares how anyone can dress for success without breaking the bank. Long description: When podcast listener Christina Proctor emailed me about her story and how she became a style coach, I knew I needed to chat with her for a Listener Series episode. I am probably the least fashionable person around, but that doesn't mean I want to be! So When Christina said she could share her expertise on building a solid wardrobe on a real person's budget, I got pretty excited. Right now, Christina is a style coach as a side hustle (learn more about her at WearOutThere.ca), which I think is awesome. It started out as a passion for fashion and a hobby, developed into a money-making side hustle, and she hopes in the future to turn it into a full-time business. It's not easy having two jobs (don't I know it!), but as Christina shares, it can also we incredibly rewarding. She's not just having fun and making money on the side, she's also helping women and men find their true personal styles and showing them how to do it without bursting their budget. Christina shared a number of great tips in this episode, so make sure to check out some of her key pieces of advice below. Tips to Stay Frugal & Fashionable Stay away from trends, stick with timeless pieces. Shop for your body shape so you don't buy pieces you'll never wear after buying them. Buy pieces that meet your goals. Is your priority to look your best at the office? Then invest in quality pieces for work, and then be more of a minimalist for your off-hours wardrobe. Shop consignment. You can find some great quality and unique pieces at a discount by doing so. Always shop with a list. Join the Community I mentioned at the end of the episode that I have a private Facebook group all about Money. Life. Balance. We're over 500 strong, and I'd love for you to join us! Helpful Resources I spent a good chunk of 2016 creating resources to help you with your money, life and adding more balance into the mix. Check them out on my resources page. Got a story that you think would be good to share on an episode on of Listener series? Please email me! For more podcast episodes, check out the podcast page. Show notes: jessicamoorhouse.com/88

2017-02-03 01:00:00

087 Why You Need to Know Your Credit Score - Andrew Graham, Co-founder & CEO of Borrowell

Borrowell co-founder & CEO Andrew Graham shares his expertise on what everyone needs to know about credit scores and borrowing in Canada Long description: If you have any questions about credit scores, I guarantee you that they'll have been answered by the end of this episode. I was so fortunate to have been able to interview Borrowell co-founder and CEO Andrew Graham for this episode, because he really is the credit score guru! Not only did he start one of the fastest-growing Fintech companies in Canada, he also really knows his stuff and gave me quite the education. Which makes it quite obvious how his passion for financial literacy and offering Canadians better options for borrowing led him to co-found Borrowell. After working for several years in the banking industry, Andrew realized that Canadians were getting into deeper and deeper debt with sky-high interest rates holding them back. He wanted to find a solution that would save people from paying 19.99% interest on their credit card, but still be able to borrow to help them when they really needed it. We get into more detail about why he started Borrowell, what his company's mission is all about, and most importantly why it's so important to have a firm knowledge of credit and borrowing before you take out any type of loan. Here's a break down some of the key things we talked about in this episode, with some additional resources so you can know your stuff before you get out your next loan. Key Things to Know About Credit Scores Credit scores can range from 300-900. Just like a letter grade, the higher your score the better you are (though it's uncommon to actually achieve a perfect 900). The average credit score amongst Canadians is 749. Even if you have a "bad" credit score, you can improve with a few simple changes. Simple changes to improve your credit score include making consistent payments on your credit cards and bills and not always hitting the top end of your credit card limit. Your credit score can update as soon as the next day. More Helpful About Credit Scores Does It Hurt My Credit When I Check My Rate or Score? Credit Utilization: The Credit Score Tip Most Canadians Have No Idea About What Is A Credit Score And Why Does It Matter? Do you know your credit score? Canada’s new mortgage rules make it more important than ever Get Your Free Credit Score Want to find out your credit score for free without dinging it? You can now thanks to Borrowell. As I mentioned in this episode, I checked mine after my interview with Andrew. The last time I checked my credit score was when I was getting pre-approved for my mortgage. At the time it was in the high 700s, but when I checked again this time it had gone up to the low 800s (which is quite high for your reference. I even impressed Andrew!). Make sure to check yours at bwll.co/momoneypodcast. For more podcast episodes, check out the podcast page. Show notes: jessicamoorhouse.com/87

2017-02-02 01:00:00

086 Listener Series - How Leona Was Able to Semi-Retire in Her Early 30s

Leona joins me for the first Listener Series episode for 2017. She shares her unconventional story of leaving home at 17, starting her career in the trades, owning her own condo at 20, and eventually starting her own construction company and real estate empire. Now, she's happily raising her family and considers herself semi-retired, with the flexibility of working for herself. Long description: Episodes like this make me so happy I started this Listener Series on the podcast. Leona was a listener of the show and heard my call out for guests. She sent me the best email with her story that included her moving out on her own at 17, going trade school to start her career, buying her first condo on her own at 20, then eventually starting a construction business and property investment side-hustle with her husband. She is a great example that you don't need to go to university to set yourself up for success. What it ultimately comes down to is being smart with your money, working hard and never giving up. Now, Leona considers herself semi-retired and is focused on adding more properties to her portfolio while raising her family and adding more balance to her life. I think that's one of my favourite parts of our chat together. When she talked about getting up early to have that personal development time, making working out a priority, and doing her daily gratitudes...basically it was everything I needed to hear to get me to do it too. It's easier said than done, and it can be hard when life gets busy, but scheduling those things into your day like Leona does is so important. Thanks so much Leona for sharing your story and being such an inspirational guest! Book Leona Mentioned The Miracle Morning: The Not-So-Obvious Secret Guaranteed to Transform Your Life (Before 8AM) Interested in Getting Started with Robo-Advisors? Leona mentioned she recently moved away from high-free mutual funds and is exploring different investment strategies like index fund and ETF investing. She also mentioned getting into the new trend of using robo-advisors, so I wanted to share two that I personally recommend if you're looking to do the same. Wealthsimple - This robo-advisor is available to both Canadians and Americans, and is seriously simple to use. The whole process to get started will take less than 10 minutes and when you sign up using my special link (wealthsimple.com/jessicamoorhouse), you'll get a free $50 bonus! Justwealth - Another great robo-advisor for Canadians is Justwealth. They're whole brand is centered around justice and delivering amazing service and results. And if you sign up with them at justwealth.com/jessica-moorhouse, you'll also get a $50 bonus to get you started. You can also learn more about them when you listen to my podcast episode with President of Justwealth Andrew Kirkland. Helpful Resources I Mentioned to Help You Get Your Money & Life on Track My Crazy Simple Budget Spreadsheet Net Worth Spreadsheet Mortgage Interest Calculator Mortgage Preparation Checklist The Ultimate Moving Out Checklist Got a story that you think would be good to share on an episode on of Listener series? Please email me! For more podcast episodes, check out the podcast page. Show notes: jessicamoorhouse.com/86

2017-01-27 01:00:00

085 How to Squash Your Gambling Addiction and Get Out of Debt - Beau Humphreys, Personal Finance Coach

Former gambler turned personal finance coach Beau Humphreys shares his story from drowning debt to financial free. Long description: It was a random weeknight when I went to the Wealthsimple headquarters in downtown Toronto for their 3rd anniversary party. I was told there would be a donut wall, and I was not disappointed. Aside from the free donuts and drinks, I got to meet Beau Humphreys. I thought I knew all the Toronto personal finance bloggers, so it was a treat to meet Beau and hear his story at the party. Immediately I knew he had to be on my show. This episode is very different from any of my episodes, because it deals with a topic that I think most people wouldn't be as brave to openly discuss. Luckily Beau was happy to share his story of getting addicted to gambling at the young age of 11. There's a slogan by the BC Lottery (where I'm from) that's always stuck in my head: "Know your limit. Play within it." Good advice for sure, but let's get real here. Most people who frequent casinos or the race track on a regular basis know their limit, but are incapable of playing within it. Gambling is as serious an addition as alcoholism or drug addiction. And I think it's incredibly important for anyone dealing with something like this to recognize this and find the help they need. That's exactly what Beau did. He got professional help and it changed his life. He found out that his addiction stemmed from him having undiagnosed ADD. With that knowledge, he was able to turn his life around. And now look at him! He's travelling to Kenya for vacation and teaching others how they can get over whatever obstacle to achieve financial freedom. It's a happy coincidence I'm releasing this episode on Bell Let's Talk Day, which is all about talking openly about mental health. And for that reason I'm going to include some helpful links anyone is looking for someone to talk to. Helpful Resources Ontario Problem Gambling Helpline (Canada) Find a Treatment Centre in Your Province (Canada) National Council on Problem Gambling (USA) Quotes to Live By Money problems usually having nothing to do with money. They're about something else in your life that you need to work on [...] Somebody giving you a bunch of money or you making more money isn't going to fix those things. Money can't buy you happiness, money can't fix your problems. You're problems probably have nothing to do with the fact that you have debt. You have debt because you have problems. Episodes You'll Want to Listen to After This Episode 49: Everything You Need to Know About Bankruptcy with Doug Hoyes Episode 64: Finding Your Roadmap to Financial Wellness with Jason Vitug Check Out Some of Beau's Best Blog Posts Why Are You Saving Your Money? My Journey with Wealthsimple Deferred Sales Charges Kicked Me Where It Hurts Follow Beau Humphreys Follow Beau on Twitter Like Beau on Facebook For more podcast episodes, check out the podcast page. Show notes: jessicamoorhouse.com/85

2017-01-26 01:00:00

084 Why One Woman Started Her Own Investing Conference - Helena Liu, Founder of Canadian Investors Conference

Helena Liu wanted to learn from Canada's top investing experts — so she started her own online conference to get 20+ of the best together to share their knowledge with her & other Canadians. Long description: I met Helena this past summer because she was looking to add speakers to her roster for her first online investing summit — the Canadian Investors Conference. I suggested a few of my favourite Canadian experts, and now several months later the conference is just a few weeks away and registration (which is free by the way) is open to the public. It's no easy task to start your own conference from scratch, but Helena knew that this was something she had to do. There's a huge lack of education when it comes to investing, especially for beginners, so Helena wanted to create a free summit to help close that gap. Right now, there are 24 speakers and the online conference runs from Feb. 4 - 9, 2017. You can register for free at canadianinvestorsconference.com. More About Helena Helena started learning and experimenting with investing after graduating university. She started with mutual funds but then start day trading. In the end, she realized that index investing was the right strategy for her, but she was surprised that there wasn't that much information about it online and that most people didn't know all of their options. That's why she started the Canadian Investors Conference. She wanted to create a free, online event accessible to everyone to educate Canadians about all the ins and outs of investing and building their wealth. Investing Books You May Want to Check Out The Lazy Investor by Derek Foster Wealthing Like Rabbits by Robert Brown Don't Forget to Register (It's Free!) Click here to save your seat for the Canadian Investors Conference For more podcast episodes, check out the podcast page. Shownotes: jessicamoorhouse.com/84

2017-01-20 01:00:00

083 The Simple Genius of the Canadian Couch Potato Method - Dan Bortolotti, Blogger at the Canadian Couch Potato & Financial Planner

Dan Bortolotti, better known as the Canadian Couch Potato, chats with me about all the ins and outs of index fund and ETF investing. Long description: For this episode, I interview a man many people know just as the Canadian Couch Potato. Dan Bortolotti started his Canadian Couch Potato blog in 2010, and it has since become one of the go-to online resources for learning about DIY investing. I can't tell you how many people I know who swear by his model portfolios! And if that wasn't cool enough, Dan recently started his own podcast specifically to teach people about index fund and ETF investing. Besides being a very popular blogger, Dan is also a financial planner. I was lucky enough to sit down with Dan face-to-face for this interview, and man did he not disappoint. He really does know his stuff and got me fired up to really look at my investments and change things up (which I did and will write about very soon!). Dan also shares a number of great investing resources that I'm gonna include here, and I hope you all take advantage of the $50 bonus you can get when you sign up with Weathsimple, one of the major robo-advisors in Canada that makes ETF investing...simple. Helpful Resources The MoneySense Guide to the Perfect Portfolio Wealthing Like Rabbits by Robert Brown Stop Over-Thinking Your Money by Preet Banerjee Millionaire Teacher by Andrew Hallam The Value of Simple by John Robertson Check Out the Canadian Couch Potato Podcast Canadian Couch Potato Podcast: Your Complete Guide to Index Investing Follow Dan Bortolotti Follow Dan on Twitter Connect with Dan on LinkedIn For more podcast episodes, check out the podcast page. Show notes: jessicamoorhouse.com/83

2017-01-19 01:00:00

082 Why I Quit My Job to Become an Entrepreneur - Jessica Moorhouse

Before the holidays, I made the life-changing decision to leave my job and become self-employed. In this episode I share why I chose to quit my job and what I've got planned for the next year. Long description: This week, I'm no longer an employee — I'm an entrepreneur. It's crazy for me to even write that because I honestly never thought this would be my reality. Growing up, I never had aspirations to own my own business. I thought I'd follow the path my parents laid out and would work for a company until I retired. But...life is hard to predict isn't it. Even though this wasn't a premeditated decision, it was something I was thinking about doing on and off for the past while. I honestly thought I'd work my 9 to 5 for another year, then maybe take the plunge, but the timing was just right. You know when everything in your gut and in life is telling you to do something? That's basically what happened in a nutshell and I had to just do it. It's a big risk going on my own, but I really excited for this new adventure. I will absolutely be documenting this new journey and sharing more solo episodes along the way, but if you haven't already, make sure to check out my blog post that announced my new venture. For more podcast episodes, check out the podcast page. Shownotes: jessicamoorhouse.com/82

2017-01-13 01:00:00

081 Making a Case for The Wealthy Renter - Alex Avery, Author of The Wealthy Renter

Renting is not throwing your money away, and home ownership isn't something everyone has to aspire to. Alex Avery, author of The Wealthy Renter and seasoned financial analyst, shares his insight into why there is a misconception about the benefits of owning a home and why renting might actually make you richer. Long description: To kick off season 4 of the Mo' Money Podcast, I chat with a very special guest about one of my favourite topics — homeownership. Alex Avery, the author of The Wealthy Renter, and I chat about the upside of renting and how homeownership isn't for everyone and doesn't have to be. I've been an advocate for renting for a while, having been a renter myself for close to 6 years. It was the only way my husband and I could afford to live and work in downtown Vancouver and Toronto. If we tried to avoid renting and bought something right away, we'd either be forced to move an hour away or would be chained to a huge mortgage for 20+ years. Instead, we chose to rent and save up our money so one day we could afford to buy without becoming house poor (which we did this past August). These are some of the points Alex touches on in his book too. The idea that renting is the equivalent to throwing your money away is outdated and unfounded. Renting can actually mean more flexibility in your life and more space to save more money so you are richer in the end. For more podcast episodes, check out the podcast page. Show notes: jessicamoorhouse.com/81

2017-01-12 01:00:00

080 Why 2016 Was Crazy Wonderful: A Year in Review - Jessica Moorhouse

For my last episode for season 3, I'm so excited to share this very personal solo episode with you! A lot has happened this year, so much so that I honestly didn't remember it all until I took some time to write everything down. And even then I'm not sure if I got everything. A lot of changes are coming in 2017, which I alluded to in this episode, but I won't be sharing any of that until season 4 in January. So until then, I wanted to spend some time to reflect on all the positive things that have happened in my life and all of the things I've accomplished in 2016. To recap, here are some of the things I mentioned in this episode: I rebranded from Mo' Money Mo' Houses to just me — Jessica Moorhouse. I interviewed some of my all-time favourite money expert: Rob Carrick, Gail Vaz-Oxlade and Bruce Sellery. I launched my Listener Series for the podcast, to allow podcast listeners a voice so they could share their stories and advice for other listeners. I made the most side hustle money I ever had (and I've been blogging for 5 years people!). I started freelance writing again. I was able to finally afford to invest in my business. My husband and I bought our first place together. I've had the most media mentions I've ever had this year. In the month of November alone, I was featured as a personal finance expert on TV, the radio, a print magazine, print newspaper and online. I did two public speaking gigs. I launched the free Rich and Fit Challenge with my business partner Jaclyn Phillips, and got almost 500 registrants. I hosted and organized my first event — the Millennial Money Meetup. My husband and I vacationed in Paris (one of my bucket list destinations!). I had a blast in Portland for a girlfriend's bachelorette party, then went to her beautiful wedding right on the ocean in Vancouver. I got over my fear of talking to people. I got over my fear of being on camera. I made some amazing new friends. I got my NEXUS card. I got life insurance for myself and my husband. My husband and I got a will. My husband and I celebrated 3 years married and 3 years in Toronto. I started my Money. Life. Balance. Facebook group. Ya, that's a lot of stuff! I really do hope that 2017 is a bit less crazy, but I doubt that it will be. One can hope. One thing that did keep me very busy in 2016 though were all the resources I created. I never promote them as much as I should, but I've created some great spreadsheets and checklists to help you with your money or organizing your life. Make sure to check out my resources page to download them for free. Other than that, I'm a bit sad that this is the last episode for the season, but I've got a great season 4 ready for you in 2017. The first episode for season 4 will air on Wednesday, Jan. 11, so make sure to subscribe on iTunes or subscribe to my email list so you don't miss an episode! And again, I know I mentioned this a few times in the episode, but I mean it from the bottom of my heart thank you for your support. Without your kind reviews, comments, tweets and emails, I wouldn't be as motivated to keep making this show better and better. I can't wait to share the new episode I've already recorded for the new season, so until then, have an amazing holiday season, Merry Christmas, and have a fabulous New Years! For more podcast episodes, check out the Podcast page. Shownotes: jessicamoorhouse.com/80

2016-12-09 01:00:00

079 Why You Should Always Hunt for the LowestRates - Justin Thouin, CEO of Lowest Rates

It's a simple concept — do your research to find the lowest rate on an expensive purchase (like life insurance or a mortgage), and you'll thank yourself later. Simple, yet most of us still don't do it. That's why Justin Thouin, CEO of LowestRates, is on a mission to change that costly habit of ours and show us that it doesn't take that much time or effort to save thousands of dollars. Long description: It's sadly the final week for season 3 of the Mo' Money Podcast, and this episode is my last guest interview for the season. After this week I'll be taking some much needed time off, then I'll be back with more awesome episodes for season 4 starting Wednesday, Jan. 11. Since it is the last week for season 3, I've saved one of my best interviews for last. I've been a huge fan and supporter of LowestRates for well over a year now, but this was the first chance I got to interview the start-up's CEO Justin Thouin. I even went to the Lowest Rates offices and brought all my podcasting gear just so I could get to the bottom of why he's so passionate about educating people about the importance of comparison shopping. It may be common sense to most of us, but the truth is most of us don't actually try to find the best rates on the important stuff. Sure, we'll spend hours trying to find the best deal on a vacation package, but like shows, most Canadians don't spend the same time and effort when it comes to finding the best rate for their mortgage. Which is insane because a vacation will cost you maybe $1,500 whereas a mortgage is closer to $500,000! Come on people! In this episode we also chat about Justin's journey from the corporate world to launching his own company, and taking a big risk to pursue something he believed in. This is a sentiment I can definitely relate to, but I'll leave more details on that until season 4. That Survey I Mentioned LowestRates conducted a very interested survey this year to show how few Canadians comparison shop for their mortgage, even though there are so many free resources out there to make it easy! You'll never get the best deal if you don't do your research first! And if we're talking mortgages, finding a lower rate than the one your bank initially offers you could save you thousands of dollars in the long run. SURVEY: Are Canadians Making Embarrassing Financial Decisions? LowestRates' Most Helpful Blog Posts Toronto millennials: is it worth it to own a car in the city? What’s the best credit card? We recommend cards to four different Canadians Toronto: should you buy a house or should you move on? How I stopped budgeting and learned to love the tracker Follow LowestRates on Social Follow LowestRates on Twitter Like LowestRates on Facebook Connect with LowestRates on LinkedIn For more podcast episodes, check out the Podcast page. Shownotes: jessicamoorhouse.com/79

2016-12-08 01:00:00

078 How to Jump into Entrepreneurship Head On - Heather Payne, Founder of Ladies Learning Code

Heather Payne, founder of Ladies Learning Code and HackerYou, proves you really can do whatever you want when you grow up, as long as you aren't afraid to take risks, do something completely new and really put your heart and soul into it. Long description: I learned about Heather Payne after I took one of her Ladies Learning Code classes, and man is she one inspirational lady! She's one of the youngest female entrepreneurs I know, having founded both Ladies Learning Code and HackerYou in her 20s. If that's not impressive enough, she's also an angel investor and was named one of Canada's 100 Most Powerful Women. The fact that she's so down to Earth is pretty baffling, but she is. She's pretty much the whole package! For this episode, we chat about how Heather took her idea of maybe one day being her own boss to full on turning her side hustle into her full-time hustle. I think this is something a lot of us can relate to, so it's very cool to hear from someone who has successfully made the jump from 9-5 with a second job on the side to successful entrepreneur in only a matter of a few years. It just goes to show the power of actually taking action. I'm sure we all have ideas we'd love to realize, but most of us never do anything about them do we? We shouldn't be afraid to try new things and take risks, and I have a feeling I'm going to be taking a page out of Heather's guidebook very soon. What Is Ladies Learning Code? I seriously upgraded my coding skills by doing the Ladies Learning Code night classes, and it's a big reason I wanted to chat with Heather for this podcast. Coding was literally a foreign language to me, and the thought of being taught about it with a bunch of advanced coders terrified me. But Ladies Learning Code is a super non-threatening program that really breaks it down into something digestible. Honestly, without learning the basic HTML and CSS skills I learned in the program, there is no way I could have make rebranded my website into what it is today. So check it out, there are courses throughout Canada! Follow Heather on Social Follow Heather on Twitter Connect with Heather on LinkedIn For more podcast episodes, check out the Podcast page. Shownotes: jessicamoorhouse.com/78

2016-12-01 01:00:00

077 Listener Series - How Steve Saved Up $3 Million for Retirement Working a Regular 9 to 5

Think you can become a millionaire by working a regular 9 to 5 job? I know I have a lot of guests on the show who promote the benefits of entrepreneurship and working for yourself to get ahead financially. But for this Listener Series episodes, I chat with Steve Cousins from Arkansas about how he was able to reach financial freedom by working as an employee for the same company for almost 40 years. I know, I know, many of us Millennials may think that Steve's story sounds exactly like the advice our parents gave us. Go to university, get a job, work hard, save and contribute to your retirement fund, then you'll be able to retire in style. This was a way more common path for Baby Boomers and Gen Xers, but I don't think it's impossible for us Millennials. When talking with Steve, it becomes clear that that's not exactly the path you need to take to grow in your career. You can't just get any degree. You need to get one that has a high demand for skilled workers. You can't just work hard. Everyone works hard. You need to realized when it makes sense to stay at a company and when it doesn't. Just like he said, he encouraged some of his co-workers to leave his company because he knew that if they stayed, they wouldn't move up as fast compared to if they went to another company. And lastly, you can just save and contribute to your RRSP or 401K. You need to live frugally, not try to keep up with the Jones', invest wisely and have a plan to continue to earn money during retirement. I absolutely love how Steve has become this serial entrepreneur with 4 different jobs now that he's retired. And it's not that he needs the money or is working 24/7 now. He gets to work when he wants to doing what he wants to. If that's not living the dream, I don't know what is! Thanks Steve for sharing your story with me. Got a story that you think would be good to share on an episode on of Listener series? Please email me! For more podcast episodes, check out the Podcast page. Shownotes: jessicamoorhouse.com/77

2016-11-25 01:00:00

076 How to Retire by 33 - Anita Dhake, Early Retiree & Blogger at The Power of Thrift

Think you've gotta be rich to retire early? Then you haven't heard Anita Dhake's story about how she was able to retire at 33. Long description: Just to warn you, this podcast interview with Anita Dhake may make you want to hoard all of your money and live as frugally as possible so you can retire early too. From the sounds of it, early retirement does not disappoint. Who wouldn't want to live the life they want right now, instead of waiting until 65 or later? As I mentioned in this episode, I stumbled upon Anita and her amazing story by just doing some research online. And I'm so glad I did find her! Not only is her story super inspiring, how she explains it, it's not that far-fetched. Yes, it helped that she worked as a lawyer and thus made a good salary. But still, early retirement isn't just something rich people can afford to do. If you take some of her bits of advice, maybe check out the book she's read twice, and just have a plan and take action, you might be able to retire way earlier than you thought. 4% Rule Explained According to Investopedia: The four percent rule is a rule of thumb used to determine the amount of funds to withdraw from a retirement account each year. This rule seeks to provide a steady stream of funds to the retiree, while also keeping an account balance that allows funds to be withdrawn for a number of years. The 4% rate is considered a "safe" rate, with the withdrawals consisting primarily of interest and dividends. Anita's Book & Blog Recommendations Your Money or Your Life by Vicki Robin Mr. Money Mustache Get Rick Slowly Anita's Tips to Retire Early Realize what you want with your life. The life you want will determine the amount of money you need to retire early. The less money you need, the sooner you can do it. The sooner you feel rich, the sooner you can live the life you want to live. Limit your vices, and pick and choose to spend money on things that give you joy. Follow Anita on Social Check out her blog The Power of Thrift Like Anita on Facebook Follow Anita on Twitter Connect with Anita on Instagram For more podcast episodes, check out the Podcast page. Shownotes: jessicamoorhouse.com/76

2016-11-24 01:00:00

075 Listener Series - How Jessica Paid Off $40,000 in Debt in 3 Years as an Artist

It's not too often you get to interview your namesake! For this Listener Series episode, I chat with Jessica Watchorn, a Toronto artist and podcaster over at the Art Pro Podcast, about keeping it real financially, paying off a ton of debt and pursuing your dream career. Long description: It's not too often you get to interview your namesake for a podcast episode, so it was a real treat to chat with Jessica Watchorn for this Listener Series episode. And not only do we share a name, we have very similar stories, both currently live in Toronto and have our own podcasts! Similar to my background, Jessica went to art school in Montreal to study painting in the hopes of becoming an artist. She of course realized after graduating with her degree that pursuing a career in the arts, no matter how talented you are, was no easy feat. But that didn't stop her. Nor did the $40,000 debt that she owed from her education. So what did she do? She got a job as a cook in a restaurant to pay her bills and debts, formed a community of other likeminded artists through her Art Pro Podcast, and focused on making her art on her off hours. As we talked about on the show, it doesn't matter how much you make at the end of the day. Your income shouldn't rule how you live your life. Jessica wants to be an artist, and that's exactly what she is and what she's doing. She may not be making her ideal salary right now, but she's able to afford the city life while pursuing her passion — now completely debt-free I might add. You go Jessica! Keep up the amazing work! Hopefully I'll be able to commission a painting from you one day. Jessica's Top Money-Smart Tips Tracking your spending. Jessica realized she was spending ridiculous amounts of money on small things at dollar stores that she had no idea about. Once she started tracking her spending, she found a way to save 50% of her income. Pay yourself first. When she gets paid, she immediately puts 50% of her pay into savings, and then uses the rest to pay for living expenses and bills. Don't use your credit card for your day-to-day spending. Get in the habit of using cash or debit. It really does help you curb unnecessary spending. Be aggressive with your debt payoff plan. Remember, the faster you pay off your debt, the less money you'll have to put down. There's nothing more motivating than seeing your savings accounts grow. Jessica's Finance Book Recommendation Early Retirement Extreme by Jacob Lund Fisker Check out Jessica's Podcast Make sure to subscribe and leave a review on iTunes for Jessica's awesome Art Pro Podcast! And don't forget to check out her beautiful Instagram account or join her Art Pro community. Got a story that you think would be good to share on an episode on of Listener series? Please email me! For more podcast episodes, check out the Podcast page. Shownotes: jessicamoorhouse.com/75

2016-11-18 01:00:00

074 Finding Your Path to a Happier, Wealthier Life - LaTisha Styles, Money Expert & Business Coach

I chat with LaTisha Styles who went from trying to make a living after graduating university during the recession to now working for herself and loving every minute of it. Long description: LaTisha Styles is proof that you don't have to be stuck on one particular path even if it seems like the odds are against you. Getting a degree in Spanish and trying to grow her career during the recession wasn't easy, but instead of throwing her hands up and giving in, LaTisha powered through and is now banking serious bank! How I got to know LaTisha was through her YouTube channel. There really aren't that many people making interesting personal finance focused videos these days, but she got the formula right. It's not surprise she has close to 8,000 YouTube subscribers! LaTisha is funny, entertaining, but at the root of it she just offers some really good advice. Simple stuff like trying the envelope budgeting method. Or only buying stuff on her list and avoiding going to the mall as a social activity. Simple stuff we can all integrate in our lives right now to start saving a bit more. But as I mentioned in this episode, there comes a time when there's nowhere else to cut back. You can only budget so much, and when you get to that point, it's time to start looking at other avenues to make money. For me, I've always had a second (or third) job on top of my full-time job. Honestly, if I didn't have my side hustles, I know I wouldn't be where I'm at right now financially. So if you're in need of some major motivation and some helpful tips on how to fix your finances, make sure to check out LaTisha's YouTube channel and website. And if you consider yourself an Actionista and want to follow in LaTisha's footsteps towards entrepreneurship, she has an awesome Facebook group you need to check out. LaTisha's Top Money Tip You have to become the type of person who can handle more money [...] Continue investing in yourself, in your knowledge. Read books from people who have been where you want to go [...] Just learn more. Follow LaTisha on Social Follow LaTisha on Facebook Follow LaTisha on Twitter Subscribe to LaTisha on YouTube For more podcast episodes, check out the Podcast page. Shownotes: jessicamoorhouse.com/74

2016-11-17 01:00:00

073 Listener Series - How to Overcome Life's Major Obstacles Like Erika

For this special Listener series episode, I chat with Erika from Red Deer, Alberta about how she experienced extreme poverty in her childhood, was later adopted to a new family with her brother and had to accept the news that she had MS in her early 20s. She's had to overcome a number of obstacles in her young life so far, more than most people ever have to deal with. But despite that fact, her optimism is infectious and she's proof that when there's a will there's a way, and it's never too late to start managing your money right and crushing your debt. Long description: Erika emailed me a little while ago answering my call-out for more interviewees for my Listener Series, and I'm so glad she did. Talk about a strong woman who has overcome some major life challenges. Not only did she have to experience extreme poverty as a child, then foster care, then being adopted to a new family, she was also diagnosed with MS in her early 20s. It's not surprising that she struggled with striking a balance between living frugally and spending her money freely to live in the moment. Luckily, she soon realized that YOLOing it up wasn't the answer, nor was living like an extreme cheapskate. She needed to find a system that worked that gave her clarity, freedom and balance. Now she's well on her way from being debt-free, and I absolutely have it in my calendar to see if she achieves her goal of crushing her debt by this time next year. Actually, I hope to follow-up with all of my Listener Series guests to see how they're all doing in a year's time, how cool would that be! Thank you Erika for sharing your story with me and to all of the Mo' Money Podcast listeners. You are a rockstar, so keep up the great work! Erika's Budgeting Go-to Software YNAB (You Need a Budget) Her Words of Wisdom on Living with MS I really just want to get rid of that stigma of [living with MS] being shameful. 20 plus years ago it was very much don't tell anyone...it was a black mark. It's no longer that way and I want to work towards making sure that people no longer feel that way about it. Got a story that you think would be good to share on an episode on of Listener series? Please email me! For more podcast episodes, check out the Podcast page. Shownotes: jessicamoorhouse.com/73

2016-11-11 01:00:00

072 How to Keep It Simple with Your Credit Cards - David Rubenstein, Credit Card Expert

Credit card expert David Rubsenstein (from CreditShout.com and CreditForums.com) chats with me about the most important things people need to know about credit reports, credit scores and credit cards. If you're looking for an in-depth podcast episode about credit that really gets down to the knitty-gritty, you found it! Long description: This is by far the most in-depth episode about credit cards I've ever done, so I hope that's is exactly what you're looking for! For this episode, I chat with credit card expert David Rubenstein from CreditShout and CreditForums and we get into all the important stuff you should know about credit. Now, we cover a lot of ground in this episode, but I an important thing I wanted to reiterate is the importance of checking your credit report once per year. In Canada, you can get free reports from Equifax Canada and Transunion Canada. In the U.S., you can get free credit reports from Experian, TransUnion and Equifax. Not only is this a way to help prevent against identity theft, it's just a good way to keep on top of your credit. Helpful Posts on CreditShout Top 11 Hidden Credit Card Perks Best Credit Cards for Building Credit Zero Percent APR Credit Cards: What You Need to Know in 2016 Best Credit Card Signup Bonus Offers of 2016 Card Hackers: New Credit Card Churning Rules to Limit Your Signup Rewards How To: Budget With The 50 / 30 / 20 Rules What Kind of Card Does David Use? I was interested to hear that even though David has such a vast knowledge of all the credit card sign-up offers and benefits around, he doesn't play the credit card churning game at all. Instead, he just keeps it simple and uses a 2% cashback credit card. Follow David on Social Follow CreditForums on Facebook Follow CreditForums on Twitter For more podcast episodes, check out the Podcast page. Shownotes: jessicamoorhouse.com/72

2016-11-10 01:00:00

071 Listener Series - How Rachel Jimenez Got Two Degrees for Free

Rachel Jimenez is saving 40% of her income, got 60K in scholarships and bought her first house at 24. Find out how she did it by listening to our podcast episode together. Long description: Rachel Jimenez is certainly giving me a run for my money! This girl go $60,000 in scholarships, which paid for both her bachelor's and master's degrees. She also was able to save enough to buy her first home at the young age of 24. And if that still doesn't impress you, her and her husband are saving 40% of their income so they can retire early. This girl is living the dream, and I am so glad she emailed me to share her story for my Listener Series! Resources Mentioned by Rachel Mr. Money Mustache YNAB (You Need a Budget) Rachel's Tips for Success Start working at an early age to craft a good work ethic Do your scholarship research because you could make $60,000! Buy property when you can afford it and the market is low Save as much money as you can so you can retire early Talk Raw on YouTube Rachel's Talk Raw website focused personal finance and business strategy Got a story that you think would be good to share on an episode on of Listener series? Please email me! For more podcast episodes, check out the Podcast page. Shownotes: jessicamoorhouse.com/71

2016-11-04 00:00:00

070 You Don't Have to Be Born an Entrepreneur to Become One - Erin Bury, Managing Director at 88 Creative

I chat with Erin Bury, who was not only listed under Marketing Magazine's 30 Under 30, but also grown her personal brand so big...even Oprah noticed. For this episode of the Mo' Money Podcast, I chat with Erin about what she learned about what not to do with her money in college and why she decided to change career paths from journalist to small business owner. Long description: "Millennials are not lazy entitled, losers and we actually have a lot to say," - Erin Bury. Officially my favourite quote from one of my podcast guests! The big reason I wanted to chat with Erin is because she is such a good example of where hustle can take you. She's gotten to where she is in her career because she worked hard, tried new things and took some major risks. For instance, when I asked her how she got to be one of Marketing Magazine's 30 Under 30, she said she nominated herself. I bet most people wouldn't have even thought of doing that, and while those people are waiting for someone to just give it to them, Erin went out and got it for herself. You go girl! I also love how she advocates for everyone to work on their personal brand. As I mentioned, for my day job, part of it entails teaching professionals how to craft their personal brand to win new business. But if you're not looking for clients, you could still find a new job or a new gig just by putting some time and effort into your social profiles and pitching yourself as an expert to the media. All I know is I can't wait to see what Erin's accomplished when she gets listed for 40 Under 40! That Agency or Porn Campaign Erin Mentioned About 88 Creative's Agency or Porn Campaign Tidbits of Advice from Erin Put time and effort into crafting your personal brand. That's how you'll stand out from the crowd when applying for jobs or starting your own business. Find a mentor to help you find out what direction you want to go into for your career or learn new skills. Pay it forward, either by investing in future entrepreneurs or becoming a mentor yourself. 2 Great Websites to Help You Find a Mentor Mentor Exchange Ten Thousands Coffees Erin in the News Erin Bury Of 88 Creative: No One Else Has More Right To Be Doing What I Am Doing - Huffington Post Why getting away from it all might be exactly what startup founders need — at least for a weekend - Financial Post How to lead a successful startup: Erin Bury, 88 Creative - ITBusiness Nine Career Lessons I Learned Before 30 - Huffington Post Follow Erin on Social Follow Erin on Twitter Connect with Erin on LinkedIn For more podcast episodes, check out the Podcast page. Shownotes: jessicamoorhouse.com/70

2016-11-03 00:00:00

069 Listener Series - Why David from Texas Advocates a Cash-only Lifestyle

For this special Listener Series episode, I interview David from Texas who shares his debt story and how he got out of it by sticking to a cash-only diet. Long description: After listening to my Listener Series episode with Amanda from Ottawa, David from Texas answered my call out to be on my podcast, and I'm so glad he did. I feel like his story is so relatable, and yet I don't think I've ever interviewed anyone who paid off $40,000 in debt in only 14 months, then stuck to a cash-only diet for good after that. I'm serious in that after listening to our conversation again, I kind of want to try to live off cash only for a month or two to see how many spending and savings are affected. I do try to use debit for all my day-to-day spending, but I do lean on my credit cards from time-to-time. I hope you find this episode as inspiring as I did, but since David has so many good sound-bites, I've included a few gems below. Thanks again David for joining me on the podcast, and I mean it, you should start your own. Your voice and charm are gold! David's Words of Wisdom It is possible, if you believe it's possible...You have got to be focused and you have got to treat [paying down your debt] like it's a life and death situation. David's Top Money Tips for People in Debt Get serious about it Start with a budget Look after your taxes Track your spending Believe it's possible Prayer works Got a story that you think would be good to share on an episode on of Listener series? Please email me! For more podcast episodes, check out the Podcast page. Shownotes: jessicamoorhouse.com/69

2016-10-28 00:00:00

068 Getting Your Values & Money Right - Rubina Ahmed-Haq, Canadian Personal Finance Expert

Canadian personal finance expert Rubina Ahmed-Haq and I chat about how her upbringing helped her understand how to manage money at a young age, and how her career as a journalist eventually led her to become a popular Canadian personal finance expert and TV personality. Long description: For this episode of the Mo' Money Podcast, I chat with Canadian personal finance expert Rubina Ahmed-Haq. She blogs over at Always Save Money, but she's been in the finance game for a long time. She started out as a journalist, but after years in the industry she realized her passion was for personal finance. Now, instead of being a foreign correspondent for ABC News, you can find her on almost any Canadian news station as the go-to money guru. Besides talking about her transition from journalist to expert, we also got into why she got so into personal finance from the first place. And it was largely her upbringing that made her so financially savvy. Although many of us aren't included in money conversations as kids, Rubina's family talked about it openly. This helped her get a grasp of the finance basics earlier than most people, and it definitely inspired me to make money an open topic for discussion when (or if) I have a family in the future. We also chatted a bit about values, and how many people and families have values that are out of whack so to speak. We shouldn't be focusing on giving our kids whatever they want, and spending money on them to show them we care and that we're good parents. That is not going to set a good precedent for when they grow older. They need to understand the value of a dollar and the importance of managing it and spending it wisely. That's something I got from living in a frugal family, and honestly, I know it's a big reason why I didn't get into credit card debt or live paycheque to paycheque. Some food for thought I hope. Follow Rubina on Social Follow Rubina on Twitter Like Rubina on Facebook Subscribe to Rubina on YouTube For more podcast episodes, check out the Podcast page. Shownotes: jessicamoorhouse.com/68

2016-10-27 00:00:00

067 Listener Series - How Heidi Is Crushing Her Debt While Self-Employed

For this Listener Series episode, I chat with Heidi from my hometown of Vancouver about how she manages living in an expensive city, working as a freelance theatre manager and crushing her consumer debt, without giving up on enjoying her money and her life. Long description: Can I just say how much I am loving this Listener Series? It may have been one of my best ideas! One of the perks of having a podcast I guess, I get to talk to so many amazing people and see how they do things. And one of those amazing people is Heidi from Vancouver. It honestly warmed my heart when she mentioned things like B.C. Ferries and the PNE! Ah, my hometown! I sure do miss it. What I loved about chatting with Heidi was she was proof that you can live a good life while being a freelancer in the arts industry. I was honestly afraid that I'd be a poor artist all my life, which is a big reason why I looked for a regular 9-5 gig after completing my film degree. But Heidi is fearless and has crafted a career where she gets to do what she loves and get paid for it. Below are a few things that Heidi mentioned on the show that you may find useful. And remember, if you're a listener and want to be on my show, just email me! Free Ways to Entertain Yourself Heidi mentioned a free way to listen to audiobooks, and it's called LibriVox. Check it out! You may already know this one, but I still take advantage of all the free movies, TV shows and books at my local library, so you should too. Heidi's Top Money Tips for Freelancers Pay yourself an income. You can figure out how much income you should pay yourself by looking at how much you made the previous year and then rounding down that number, and then calculating the minimum amount of money you need to live on. Don't be ashamed. This goes for talking about your financial situation, how much you make or how much debt you're in. Talk to others about money. The best way to learn about money and get better at managing it is to find out what others are doing with it. Got a story that you think would be good to share on an episode on of Listener series? Please email me! For more podcast episodes, check out the Podcast page. Shownotes: jessicamoorhouse.com/67

2016-10-21 00:00:00

066 Everything You Need to Know About Robo-advisors - Andrew Kirkland, President of Justwealth

I interview Justwealth president Andrew Kirkland about what we as investors need to know about robo-advisors, index funds and ETFs. Long description: Don't forget to take advantage of today's episode freebie! Receive a special $50 bonus when opening an account with Justwealth by visiting justwealth.com/jessica-moorhouse. I've been getting more and more interested in investing lately, and it could be for a number of reasons. Firstly, I'm not as young as I once was. Ever since I turned 30 I can't help but feel a sense of urgency when it comes to building my wealth. Retirement is only a few miles away, and I want to be prepared! Maybe I'm exaggerating, but that's sometimes how I feel if I'm honest. Another reason is that there are a lot of cool things happening in the investment industry — the big one being robo-advisors. The name itself makes it sound like a robot is taking your money and trading it on the TSX floor, but in reality, it's just a more efficient way of investing. You'll be paying less fees and you don't ever have to leave your living room. Robo-advisors are a big topic lately, especially amongst Millennials since I feel like they are just a natural fit together. But since it is a relatively new idea, I wanted to interview someone who really knew the ins and outs. That person just so happens to have started his own robo-advisor — Justwealth. For this episode, president of Justwealth Andrew Kirkland breaks down some core priniciples of investing (what's the difference between an index fund and ETF for instance), and what robo-advisors are all about. Enjoy! Important Things to Note About Robo-advisors Robo-advisors in Canada aren't managed by robots or just some algorithm (though that can be the case for some in the United States). Although there's an online interface and pre-packaged portfolios you're suggested by doing an online survey, there are most definitely humans involved, and yes, you will have to talk to them (though maybe just over email). You won't lose all of your money by using a robo-advisor. Although they are relatively new to the investment scene, they are very regulated in Canada, and their intent is not to scam you. Scamming is bad for business. Robo-advisors deal mainly with exchange trade funds (ETFs), however mutual funds are being slowly integrated into the mix too. Learn More About Justwealth New Canadian robo-adviser promises more than just a ‘basic offering’ - The Globe and Mail Justwealth: The New Robo-advisor in Town - Urban Departures Justwealth Financial Launches Canada's Most Comprehensive Online Investment Portfolio Platform - Yahoo Finance Follow Justwealth on Social Follow Justwealth on Twitter Like Justwealth on Facebook Follow Justwealth on LinkedIn For more podcast episodes, check out the Podcast page. Shownotes: jessicamoorhouse.com/66

2016-10-20 00:00:00

065 Listener Series - How Sharifa Balanced Paying Off Debt with Going Back to School

For this Listener Series episode, I chat with Sharifa Samuels who is originally from Ontario but now lives in my hometown of Vancouver. She shares how she was able to travel, pay for her wedding in cash, buy a place in one of the most expensive cities in the world, go back to school, but also aggressively pay down her debt and help her husband to do the same. Long description: Sharifa's Awesome Financial Advice for Others in the Same Boat? Write all your debts down, including interest rates and minimum payments Pay yourself first the entire time Choose your payment strategy: highest interest first or smallest balance, based on what makes you feel good Cut expenses! Automate as much as possible Write down and look often at your “Why?” Enrol those closest to you Read Her Original Blog Interview with Me: 4 Women Who Will Inspire You to Crush Your Debt Check Out Some of Sharifa's Best Blog Posts I Quit My Job Today! Grow Up Decision - To Buy or to Rent? When Fear Prevents You from Taking Action Got a story that you think would be good to share on an episode on of Listener series? Please email me! For more podcast episodes, check out the Podcast page. Shownotes: jessicamoorhouse.com/65

2016-10-14 00:00:00

064 Finding Your Roadmap to Financial Wellness - Jason Vitug, Author & Founder of Phroogal

Jason Vitug is an author, entrepreneur, speaker and founder of Phroogal.com, and he's on a mission to teach everyone that financial freedom is possible no matter who you are or where you live. I chat with him in this episode about his latest book, You Only Live Once: The Roadmap to Financial Freedom, and how he went from working in Silicon Valley to road tripping it across the United States to inspire and teach others about the power of personal finance. Long description: If you're looking for some #WednesdayWisdom, or just need a dash of inspiration to get you through the rest of the week, this is the episode you've been waiting for. Jason Vitug will get you pumped and ready to take on life, because that's what he's all about. And he doesn't just talk the talk, he walks the walks! Jason worked his way into a sweet gig in Silicon Valley, a dream to many of us with big aspirations and fantasies about living the good life. But he soon realized that despite having a great job and paycheque, he wasn't happy or fulfilled. So, he quit everything and went travelling to find some answers. This eventually led him focusing his energy on Phroogal.com (a financial literacy website), writing a book about YOLO, and teaching others about finding purpose in their lives and taking control of their money to make their dreams a reality. Jason's Best Inspirational Blog Posts How You Can "Find" Purpose 15,000 Miles. 50 Events. Summer 2016. Grab a Copy of Jason's Latest Book You Only Live Once: The Roadmap to Financial Wellness and a Purposeful Life Follow Jason on Social Follow Jason on Twitter Like Phroogal on Facebook Subscribe to Jason on YouTube Follow Jason on Instagram For more podcast episodes, check out the Podcast page. Shownotes: jessicamoorhouse.com/64

2016-10-13 00:00:00

063 What It's Really Like to Be a New Homeowner - Jessica Moorhouse

For this special solo episode, I share what's been happening on the new homeowner-front since my first episode of the season where I announced that my husband and I bought our first place. Long description: In my first episode (and first solo episode) for season 3 of the Mo' Money Podcast, I shared with you the big news that my husband and I bought our very first place. After one failed house hunt two years ago, we restarted our search in July and ended up buying a townhouse in Toronto. Not only that, we were able to put 25% for our down-payment so we could keep our monthly payments as low as possible. Well, since I recorded that episode at the beginning of September, a lot has happened. We've owned our home for 1 1/2 months, and we've already experienced quite a few ups and downs as new homeowners. Some of the Not So Fun Things About New Homeownership Overall, we are still super happy with our decision, but it has hands down been the most stressful period in our lives (save for maybe planning our wedding 3 years ago). You know when people warn you that things are gonna go wrong and break when you buy a place so be prepared? Well, they did, and we are seriously so glad we were prepared! At the end of the episode I offer some tips I believe everyone thinking of buying a place should consider. One of those tips was to have a special emergency fund for housing repairs and replacements that you'll need to do right away. For us, we had to replace our washer/dryer and stove within the first week of moving in. How much did that cost is? About $3,000! But we need clean our clothes and cook our food so we had to replace them both ASAP. Luckily, we had the cash stashed away so we could afford it. If we didn't, we may have had to dip into our other emergency funds (for real emergencies or job losses), or had to put them on credit. Since I'm am 100% anti-debt (though now I guess I'm not totally debt-free with my mortgage), that just wasn't an option for me. How You Can Easily Get Swept Up into a Never-ending Spending Cycle Besides having to drop some major cash after getting the keys, our place has pretty much been total chaos since we moved all of our stuff in. We've been here almost 2 months and we still have boxes everywhere. Why? Because it takes a lot of time to unpack a house, and my husband and I work pretty much around the clock. I'm hoping that this weekend, which is Canada's Thanksgiving long weekend, I'll be able to get a few major things down around the house, but the list keeps getting longer and longer. For instance, our place is considered a 2-bedroom with den. However, the den is really just this awkward alcove waste of space. Ideally, we'd like to convert it into something more useful by expanding the second bedroom and adding in a linen closet. But again, in order to even find out if this is a possibility with our housing corporation, we have to hire a contractor to draft up the plans for us. We also have to replace the backsplash in our kitchen. The previous owners had this ugly wallpaper as a backsplash, and one night I just couldn't stand looking at it anymore so I ripped it all off. So now the wallpaper is gone, but I still need to put up a new backsplash. Then again, the countertops are also pretty ugly. And I don't really like the cupboards either. Maybe we should look into redoing the whole kitchen? You see how being a new homeowner can be chaotic, stressful, overwhelming and expensive all at the same time? Just So You Know, New Homeownership Isn't All Smiles & High-fives But I'm not sharing all this with you to scare you! I'm just letting you know that buying your first place does not look like any of these stock photos. Sure, there are some smiles and high-fives. But there's also a lot of hair pulling, teeth grinding, bickering and sleepless nights. But Overall, I'm Still So Happy to Be a Homeowner Even with all that said, I'm still super happy and proud to be a homeowner. It's something I've always dreamed of, and I hope in the future we'll be able to buy more properties to rent out too. And I know it won't always be this chaotic. Things are slowly starting to settle down. For instance, as I type this right now I'm in my very own office, which I haven't had for over 3 years. Even since we moved to Toronto, the living room has been my husband and I's shared office. Now, we finally have some space and privacy. I'll most likely do another update podcast episode at either the 6 month or 1 year mark. Until then, make sure to subscribe to my YouTube channel as I'll be posting some new videos soon all about life as a new homeowner! For more podcast episodes, check out the Podcast page. Shownotes: jessicamoorhouse.com/63

2016-10-07 00:00:00

062 This is What Extreme Frugality Looks Like - Mrs. Frugalwoods

Mrs. Frugalwoods is a testament to what extreme frugality can look like if you do it right. Extreme frugality, very different than minimalism so don't get them confused, is all about financial independence. When you let go of your need or obsession to buy and accumulate stuff, and focus on living simply, buying what you need (not just what you want), and spending your money on what really matters — well, maybe then you'll be able to live on 66 acres in the woods while working remotely too. Long description: Not long after I recorded this episode of the podcast with the lovely Mrs. Frugalwoods, I got to meet her in-person at FinCon 2016. In case you don't know, FinCon is a massive personal finance blogging conference, and this year there was over 1,200 attendees so it's a miracle I found Mrs. Frugalwoods amongst the crowd! Mrs. Frugalwoods did not disappoint in the flesh either. She was just as sweet, genuine and friendly as she came off during our interview together. She also has this calmness about her that I seriously want to just bottle up and store (or sell). The big reason I wanted her on my show is to find out just how she did it. How did she manage to escape the city and live in the woods with her husband and baby. How did she manage to get out of the rat race and world obsessed with materials, and live the simple life like so many of us dream about. Well, she spills all her secrets in this episode, so make sure to take some notes! A lot has to do with embracing extreme frugality, which she explains is very different than being a minimalist. Definitely something I hope to incorporate a tiny bit more into my life, and you may want to too. Mrs. Frugalwoods' Best Blog Posts A Day In The Life Of The Frugalwoods: Homestead Edition How Do You Convince Your Husband Or Wife To Be Frugal? Frugality Is Not Deferred Spending Follow Mrs. Frugalwoods on Social Follow Mrs. Frugalwoods on Twitter Like Mrs. Frugalwoods on Facebook Check out Mrs. Frugalwoods on Pinterest Follow Mrs. Frugalwoods on Instagram For more podcast episodes, check out the Podcast page. Shownotes: jessicamoorhouse.com/62

2016-10-06 00:00:00

061 Listener Series - How Taylor from San Diego Paid Off $14,000 in 7 Months

Faced with the reality that she had to pay her own way through university if she wanted a degree, Taylor Milam is a true example that hard work and resilience can really pay off. Long description: My third episode in my special podcast listener series features Taylor Milam from San Diego. Her debt story may sound very familiar to you if you had to pay for school on your own, work a few jobs at night and still depend on student loans to finish your degree. But her story is also a great example of where resilience and hard work can take you. Sure, Taylor had to get student loans to pay for school, but she also worked relentlessly to pay them off as soon as she could. And she did! After only 7 months she was able to pay off $14,000 in student debt. Now, she's on a mission to help people just like her get out of debt, and more importantly stay out of debt, on her blog The Freedom from Money. Got a story that you think would be good to share on an episode on of Listener series? Please email me! For more podcast episodes, check out the Podcast page. Shownotes: jessicamoorhouse.com/61

2016-09-30 00:00:00

060 The Best Career Advice You'll Ever Get - Alison Green, AskAManager.org

It was such a delight to chat with Alison Green from AskAManager.org about her amazing blog and to pick her brain about interviewing as a new post-grad, revamping your resumé, and switching careers. If you're a student, Millennial, or just listening to this episode at work and really wish you weren't at work, this is an episode you will get so much out of. Make sure to check the show notes so you can find out how to submit your work/career questions to Alison too. Long description: It was honestly such a dream to chat with Alison Green from Ask a Manager. As I mentioned in the episode, I read her blog religiously the year I moved to Toronto and was trying to switch careers from advertising sales to digital marketing. Not only was it a great view into what other people have to deal with in their offices on a day-to-day basis, but she has some darn good advice! Probably the best career advice I've ever gotten. I absolutely credit Alison with helping me revamp my resumé and landing my current job. And it wasn't just a new job I got, I also increased my salary by about about $20,000 compared to the job I left in Vancouver. That's a lot of meatballs! The reason I wanted to interview Alison for this episode is because when it comes to personal finance, a big element is how much you take home. You can only save so much, so if you feel like you're stuck in a dead-end job and not making your worth, it's time to do something about it. It's definitely scary switching jobs or careers, but in my experience it can also be the best decision you could ever make. Got a Work/Career-related Question for Alison? I'm not ashamed to say it, I've totally submitted a question for Alison to answer on the blog a few years ago, and she answered it too! It was the coolest thing to get her insight into my situation, so if you want to pick her brain, I highly suggest submitting your question to Alison too. Alison's Super Helpful Career Resources How To Get a Job: Secrets of a Hiring Manager The Ask a Manager Guide to Preparing for Job Interviews Follow Alison on Social Follow Alison on Twitter Like Alison on Facebook For more podcast episodes, check out the Podcast page. Shownotes: jessicamoorhouse.com/60

2016-09-29 00:00:00

059 The First Millennial Money Meetup (Live Recording) - Jessica Moorhouse, Barry Choi, Michelle Summerfield & Daniel Teo

I hosted and organized my very first event recently, called the Millennial Money Meetup. It was graciously sponsored by EQ Bank, and featured fellow money experts and bloggers Barry Choi, Michelle Summerfield and Daniel Teo. This event was all about creating a community and a safe space for Millennials to get together and talk about something that's generally considered taboo...money. Not only did we get a full house, I got a lot of great feedback and everyone had a rockin' time! This is definitely the first of many Millennial Money Meetups, and I can't wait for the next one. Show notes: http://jessicamoorhouse.com/59

2016-09-23 00:00:00

058 Yes, You Are Paying Fees on Your Investments - Chris Ambridge, President of Transcend Private Client

This episode is all about fees, and my guest, Transcend Private Client president Chris Ambridge, has a wealth of knowledge to share all about it. We also discussed CRM2, the new amendments coming into play to make it more clear how much we're paying in fees, and we talked about the different ways advisors are compensated, so you have a better understand of why they may suggest certain investment products to you. Long description: This episode is all about fees, because even though it paying fees on investments may seem like a little thing...it's not. Like my guest Chris Ambridge, president of Transcend Private Client, mentions in the episode, surprisingly 2/3 Canadians don't know their paying fees. Reality check people, you are paying fees! Everyone pays fees on investments. How else do you think banks and wealth management firms make money? But even though we are paying fees, and there really isn't any way around that, it's important to know how much you're paying. That's why we also discussed CRM2 and how this will will help clients like us know exactly how much, in dollars, we are paying. It's great to see a percentage, but I think seeing the dollar amount will really help us all know whether we're paying too much for what we're getting. Hey, I'm fine with paying high fees, if I'm getting a high return. But that's usually not the case. That's why it's important to look over your investments every once in a while to check if you're really get any bang for your buck. If you're paying 2.5% on a mutual fund and only seeing a 4% return, it might be time to look into something else (perhaps Index Funds and/or ETFs?). More Helpful Info About CRM2 We talked quite a bit about Client Relationship Model - Phase 2 (CRM2), but I wanted to make sure you really understood what all this is all about. CRM2 came into effect July 15, 2013 and has been phased in these past 3 years. Essentially, what these amendments mean is that beginning July 15, 2016, registered financial firms will need to: Provide an annual report on charges and other compensation that shows, in dollars, what the dealer or adviser was paid for the products and services it provided - Ontario Securities Commission Basically, these amendments are a way to evoke more clarity when it comes to fees, instead of making it hard for clients to truly understand how much they're paying for their investments. If you want to go further down the rabbit hole, here are some good websites to check out that go more in-depth about CRM2. Cost disclosure, performance reporting and client statements 7 myths about CRM2 Performance Reporting & Cost Disclosure Learn More About Transcend's Pay-for-Performance Service First Pay-for-Performance™ Financial Planning and Wealth Management Service Launches in Canada New pay-for-performance funds to offer investors something different Transcend offers performance-based fee structure Check Out Transcend's Latest Blog Posts Top 5 Things You Need to Know About Investment Fees Your Financial Checklist For Every Checkpoint How To Maximize Your Inheritance Your Guide to Retiring Well Follow Transcend on Social Connect with Transcend on LinkedIn Follow & chat with Transcend on Twitter Stay up-to-date on everything investing on Facebook This episode is sponsored by . All the opinions and thoughts are my own. For more podcast episodes, check out the Podcast page. Shownotes: jessicamoorhouse.com/58

2016-09-22 00:00:00

057 Listener Series - What Lindsay Learned About the Real Cost of Owning a House

My second episode in my special podcast listener series features Lindsay VanSomeren, who is originally from Colorado, but now lives in Alaska with her husband. Her story is also a debt story like my first listener series episode with Amanda from Ottawa, but instead of student debt or consumer debt, she's dealing with housing debt. And no, not just carrying a mortgage, but the cost of fixing and maintaining a home. I guess some could call this a "Money Pit" situation (any fans of the 1986 Tom Hanks movie?), but what Lindsay is dealing with could honestly happen to anyone. Even if you get a housing inspection, you sometimes don't know what's wrong with the place you've bought until you've lived in it for a little while. It's sort of the dark side of home ownership that doesn't get too much attention. Luckily, Lindsay was kind enough to share her story, her experience and the lessons she's learned from it so you can avoid getting into a similar situation. Or if you are dealing with a housing nightmare, take some of Lindsay's bits of advice on how to get out of it. Lindsay also mentioned that one of the ways that helped her pay down her debt was to start freelance writing on the side. She even wrote about it on her very own personal finance blog Notorious Debt, and apparently she made $2,500 in her first four months of freelance writing! Got a story that you think would be good to share on an episode on of Listener series? Please email me! Shownotes: jessicamoorhouse.com/57

2016-09-16 00:00:00

056 Life, Success & Moolala - Bruce Sellery, TV Host, Speaker & Author

For this episode, I chat with a truly wonderful man, who is so full of positivity and financial expertise, I can't believe I booked him for this interview! I'm of course talking about the one and only Bruce Sellery. He's a TV host, author, speaker and business journalist who makes money easy to tackle and kind of fun. In this episode, we talk about his successful career and how it all came to fruition, how he got to become a published author, and what the most important things everyone should know when it comes to personal finance. This episode of the Mo' Money Podcast is brought to you by WealthSimple. To learn more about the the fastest-growing automated investing service in Canada and to get your special $50 bonus when you open a new WealthSimple account, go to: wealthsimple.com/jessicamoorhouse. Bruce Sellery is seriously a delight! I was so nervous about contacting him because I'm definitely a fan and just love what he's doing in the personal finance space. But Bruce being the genuine guy that he is, got back to me right away and was such an amazing guest to have on the show. In this episode, we chat about his career, and how it started in the corporate world, led him to become a founding member of BNN, and then eventually a published author, TV host, public speaker and personal finance expert. If you haven't read Bruce's books yet, I highly recommend them. As I mentioned in this episode, I just love his tone in his writing. I don't know how he does it, but it definitely reads like you're best friend is talking to you and just makes money something fun to tackle with his guidance. What I didn't include in this episode is a long conversation about dessert. He mentioned apple fritters as his go-to sweet, and for me I'm all about the cupcakes. And I couldn't believe he'd never been to Bakerbots Baking in Toronto before, then again I've never seen an apple fritter there. Bruce's Books You Need to Check Out Moolala: Why smart people do dumb things with their money (and what you can do about it) The Moolala Guide to Rockin’ Your RRSP Follow Bruce on Social Follow Bruce on Twitter Like Bruce on Facebook For more podcast episodes, check out the Podcast page. Shownotes: jessicamoorhouse.com/56

2016-09-15 00:00:00

055 Listener Series - How Amanda from Ottawa Paid Off $64,000 in Debt

For my first episode in my special podcast listener series. My first guest is Amanda D. from Ottawa. I originally interviewed her in June for my "4 Women Who Will Inspire You to Crush Your Debt" blog post, but I knew I needed to interview her for my podcast. She's an incredible woman who got into $64,000, then got herself out of it through sheer willpower, initiative and hard work. Long description: For my first episode in my special podcast Listener Series. My first guest is Amanda D. from Ottawa who works as a Healthcare Professional. I originally interviewed her in June for my 4 Women Who Will Inspire You to Crush Your Debt blog post, but I knew I needed to interview her for my podcast. Amanda is an incredible woman who got into $64,000, then got herself out of it through sheer willpower, initiative and hard work. I know her story will be able to inspire, motivate and educate others going through something similar. And if you have a story that you think would be good to share on an episode on of Listener series, please email me! For more podcast episodes, check out the Podcast page. Shownotes: jessicamoorhouse.com/55

2016-09-09 00:00:00

054 I'm Back from the Summer & I've Got Some Big News! - Jessica Moorhouse

Did you miss me? I sure missed you! It was great to take the summer off to take a break from the podcast and record a slew of new episodes for season 3, but a lot has happened these past few months. I share all my big news, including me being a new homeowner, going back to school (again!) and my first ever event aptly titled the Millennial Money Meetup. Long episode description: I’m back! Did you miss me? I certainly missed you! But man did I need a break. Not that it was much of a break if I’m honest. All summer I’ve been more busy than I was before I went on a podcast hiatus. I really did think I was going to spend at least most of the summer relaxing, enjoying the weather and recharging. But that didn’t happen. Not by a long shot. I have a bit of a problem you see. I get a lot of new ideas that pop into my head. And although most of those ideas are total crap, lots of them are good and I go full force in trying to make them happen. For instance, did I mention I’m a homeowner now? That was an idea I had (well, not a new idea) in June, and it really started taking form in July. I know some of it had to do with me turning the big 3-0, but I also thought “Why not just look? Who knows what’s out there?” My husband was on board, and fast forward to today, I’m now sitting in the living room of a townhouse I own! What the what? Another idea I had was to do an event. I have a bit of events experience, and I saw that there weren’t any other events in Toronto for millennials about personal finance. I’m incredibly passionate about financial literacy, especially for my generation, so I got a sponsor (thank you EQ Bank!) and have been scrambling to put this event together for mid-September. It’s basically all done except for a few minor details, and I think it’s going to be a pretty good event since we hit maximum registration in only two weeks. And just in case you want to see what this event is all about but can’t attend, I’m going to be livestreaming it on Facebook and making it into a special podcast episode too. Now, if that wasn’t enough, I thought why not go back to school! I’ve mentioned several times how I would love to become a money coach down the road, and I thought, why not become one now? I’ve got the drive and I want to set up this new side business sooner rather than later. So I’ve enrolled in a program to become an Accredited Financial Counsellor. I just got my textbooks in the mail, so once I’ve got my townhouse more in order, I’m gonna be cracking open those books and studying like hell! Oh yeah, one more thing. So, I’ve got a blog, I’ve got a podcast, but one thing I don’t have is a vlog. I have a film degree for goodness sakes, but I think I was just too chicken to do the video thing honestly. Well, I’ve learned that sometimes you just need to do it (like with my podcast) and see what happens. Hence, my first vlog below. My younger sister Sarah told me that I’m not really looking at the camera properly, my background is too dark and not pretty enough and in general I should take some time to study her favourite vlogger Estee Lalonde. Fair enough, her videos look incredible. It’s gonna be a busy end of 2016. Maybe I’ll take a real break in 2017. Here’s hoping. Shownotes: jessicamoorhouse.com/54

2016-09-08 00:00:00

053 Special Episode - Money, University & Making It in the Real World - Sarah Moorhouse, my sister

For this special episode of the Mo' Money Podcast, I interview my younger sister Sarah about what it feels like to have just graduated university, how she managed her money during school and was able to avoid getting into student debt, and what her plans are now that she's a post-grad in the "real world." I also offer some helpful tips on things I learned when I was in my sister's shoes, like how best to search for a job, how much money to have saved up before moving out and how to keep focused without sweating the small stuff.

2016-06-23 00:00:00

052 30 Life Lessons I Learned Before Turning 30 - Jessica Moorhouse

In the final episode for season 2 of the Mo' Money Podcast, I do a special solo show to reflect on the 30 biggest lessons I've learned over the course of my 30 years on Earth in terms of money, life and balance. Long episode description: This episode of the Mo’ Money Podcast is brought to you by Lowest Rates, who are providing $250 for today’s giveaway! To find the lowest rates when it comes to mortgages, insurance and credit cards visit LowestRates.ca. Today is a pretty big day for me. It’s my one year anniversary of the Mo’ Money Podcast (with 52 episodes in the frickin’ can!), it’s the end of season 2 of my podcast (season 3 to resume in September), and this week is my birthday week. I officially turn 30 on Saturday, but in my mind my birthday lasts a full week. Now, this very special solo podcast episode is based on my blog post about the 30 life lessons I’ve learned before turning 30. I thought it would be cool to not just write about this, but also to explain what I’m talking about verbally. Honestly, as much as I love to blog (I mean I’ve been at it for 4 1/2 years now), I really do feel more myself when podcasting. Maybe it’s because there’s no real room to over think things and I can just say exactly what’s on my mind freely. In any case, I think I might do a few more of these blog posts turned podcast episodes in the future. Plus I realized I really miss doing solo shows. Shownotes: jessicamoorhouse.com/52

2016-06-02 00:00:00

051 Money Lessons from a Money Guru - Gail Vaz-Oxlade, TV Personality & Author

The one and only Gail Vaz-Oxlade and I chat about her career as a personal finance guru, TV host and best-selling author. She also shares her top money tips for getting rid of debt, kicking bad financial habits to the curb and leading a more balanced life. Long episode description: This episode of the Mo’ Money Podcast is brought to you byWealthSimple. To learn more about the the fastest-growing automated investing service in Canada and to get your special $50 bonus when you open a new WealthSimple account, go to: wealthsimple.com/jessicamoorhouse. Before I even recorded my first podcast episode almost a year ago, there was one guest I always dreamed of interviewing. At the time I thought it was just that, a dream, but one year and 51 episodes later it’s now a reality! I’ve been a huge fan of Gail Vaz-Oxlade for years. I obsessively watched Til Debt Do Us Part when I was 24, broke and living in a basement with two equally broke roommates. It was her say-it-like-it-is attitude and helpful advice that motivated me to save as much as I could and stick to a budget during those tough years. I am so thankful for her show and books, and I know I wouldn’t be as financially on track today if it weren’t for her. I am also thankful that I got the gumption to ask her to be on my podcast early this year, because I think I got her right in the nick of time! Gail has had a long and successful career as a money guru, and she mentions in this episode, she’s going to be taking a step back to focus on other opportunities. I hope you love this episode as much as I do! And I ardently encourage you to check out some of her helpful resources, her awesome books (Money Talks is a great read!), and join her community on Facebook. And make sure to check back here next week (or subscribe to my email list) for my final episode of the season where I’ll be doing a special solo episode and giving away some prizes to mark my one year podcast anniversary! Helpful Resources & Tools Gail’s Interactive Budget Worksheet Gail’s Wedding Budget Worksheet Gail’s Own Up to Your Debt Worksheet Gail’s Books You Need to Read Right Now Money Talks Money Rules Saving for School It’s Your Money Money-Smart Kids Never Too Late Debt-Free Forever Easy Money Follow Gail on Social Follow Gail on Twitter Join Gail’s community on Facebook Shownotes: jessicamoorhouse.com/51

2016-05-26 00:00:00

050 Immigrating to Canada & Life in Retirement - Audrey Moorhouse, My Grandma

For this episode, I interview my grandma Audrey, my dad's mom. She has an incredible story, though she may disagree with me. Sometimes it's hard to realize how much stuff you've accomplished and experienced when it's your life, but that's why I love having this podcast. Not only did my grandma immigrate from Scotland to Canada in the 1950s and start a new life with her young family in her early 20s, she was also a teacher for her entire career and was able to save enough to retire at 62. I've never really heard her story from her before this episode, so it was a real treat talking with her, I hope you enjoy it too! Long episode description: My grandma Audrey grew up in Insch, Scotland, a village located outside the city of Aberdeen. Growing up as a woman during that time, there weren’t as many options for work as there are now, but my grandma followed her passion and had a long career as a school teacher. Both my grandmas were teachers funnily enough. When she was in her early 20s, she got married, had my dad (Derek), and moved with her young family to Vancouver, BC, Canada. They bought a house and she was able to find a teaching job fairly quickly, two things that are near impossible nowadays. Seriously, if she had kept her house in Vancouver all this time, it would be worth millions! After a few years in Vancouver, they moved to Terrace, BC, and my grandma continues to live there along with my aunt (my dad’s younger sister) and my two cousins. My grandma has been living the retired life for the past few decades and now spends her time gardening and painting water colours. She painted this lovely postcard-sized painting of the BC coast for me before I moved to Toronto, I still have it in a frame in my living room (thanks grandma!). This episode is the first time I’ve ever heard my grandma’s story from her herself. Over the years I’d hear things from my dad, but one of the great things about having a podcast is it gives me a reason to sit down with people and let them share their story with me. I am so grateful my grandma let me interview her, and I definitely plan on interviewing a few more family members soon too! Sometimes it’s the people closest to you who have gone through the most incredible things. Maybe this episode will inspire you to pick up the phone or email one of your family members so you can hear their story. Who knows, maybe you’ll learn something! Shownotes: jessicamoorhouse.com/50

2016-05-19 00:00:00

049 Everything You Need to Know About Bankruptcy - Doug Hoyes, Licensed Insolvency Trustee

I talk with licensed insolvency trustee Doug Hoyes about the key things everyone should know about debt and bankruptcy. Long episode description: I haven’t personally had much experience with debt, having only had a very small student loan to pay off after university (which I was able to crush in less than a year), but the fact is I’m the exception not the rule. Most households have debt, and so I wanted to make sure I did a podcast episode all about it. I’ve known Doug Hoyes for a little while as I’ve been a guest on his podcast Debt Free in 30 a few times. He is seriously the nicest guy, and also incredibly knowledgeable when it comes to the world of bankruptcy and insolvency (two very hard words to say if you’re me, apparently!). In this episode, we go through the basics of debt and bankruptcy, such as the difference between secured and unsecured debt and what a consumer proposal is and then Doug shares some of his tips on what you can do now to avoid going into bankruptcy. Doug brought up a really good point in the show – you can either look at life and say it’s all about choices, or look at it and say it’s all about circumstance. The reality is life is about choice and circumstance, but I think no matter what your circumstances are, you can always make the choice to better yourself, change courses and rid yourself of debt once and for all. Like I told Doug, I’ve been debt-free for years and there is seriously no better feeling. If you’re still on your journey to be debt-free, I commend you for your hard work and promise you that life after debt is the best kind of life you could lead. Helpful Resources & Books Debt Repayment Calculator Surplus Income Payment Calculator My Favourite Debt Free in 30 Podcast Episodes Should You Pay of Debt or Invest? How to Rebuilt Credit: 5 Simple Steps Debt Problems? It’s Not Your Fault How to Plan for Big Life Changes with Jessica Moorhouse Best Budgeting Apps Round-up with Jessica Moorhouse & Other Guests Follow Doug on Social Follow Doug on Twitter Like Doug on Facebook Subscribe to the Debt Free in 30 podcast Subscribe to his YouTube channel Shownotes: jessicamoorhouse.com/49

2016-05-12 00:00:00

048 How to Balance Family, Money & Career - Jen Hemphill, Money Coach & Podcast Host of Her Money Matters

Jen Hemphill is proof that if there's a will, there's a way to balance family, money and career. Being an army wife isn't easy, especially when you have to move around the country with your family every few years. Most people with spouses in the military have a hard time maintaining a career living this lifestyle, but Jen found a way to have a career, help support her family financially and educate others about the importance of personal finance by starting her own money coaching business. In this episode she shares her story of growing up as a latch-key kid from a humble family, and how that influenced her to be a dedicated stay-at-home mom while pursuing her ambitions to be an entrepreneur who could help other women take control of their finances too. Long episode description: Jen Hemphill is an entrepreneur, money coach, mother and army wife, and in this episode of the Mo’ Money Podcast she chatted with me about how she started her own business while juggling the family finances and being a full-time stay-at-home mom. I often wondered how people like Jen did it. It’s not easy having to move around the country for your partner’s job, having to start a new life in a new town every few years. I’ve only moved cities once, and honestly, once might just be enough for me! Not only that, being married to someone in the military can mean giving up your career to support your partner’s career. That is not an easy thing to do, though as Jen shares in this episode, it’s not the only option. Jen figured out a way to have a career that melded perfectly with her life. She started her own business that she could take with her anywhere by being a money coach online. Not only that, she’s really good at what she does! She is just so passionate about helping people, especially women, take control of their finances and set themselves up for a better future, it was incredibly inspiring talking to her. On top of being a money coach, Jen also has her own podcast and continually makes new resources to help teach others about personal finance. I’ve listed a few resources below, plus my favourite podcast episodes of her’s. Lastly, she also a Facebook group for women who want to take ownership of their financial lives, so if you’re looking for a community that fits this bill, make sure to join! Helpful Resources & Books Systems + Mindset = More Money: Achieving Your Money Dreams When You Have No Time Simple Actions to Save You More Money While Taking Away Stress My Favourite Her Money Matters Podcast Episodes Taking Financial Responsibility With Priscilla Okwaro How She Stayed Clear Of The Debt Trap With Valerie Rind How To Save And Indulge Using This Awesome Coffee Rule With Shannon McNay Follow Jennifer on Social Follow Jen on Twitter Like Jen on Facebook Subscribe to the Her Money Matters podcast Join Jen’s Facebook group Shownotes: jessicamoorhouse.com/48

2016-05-05 00:00:00

047 How Not to Get into Major Student Debt - Brad Baldridge, College Funding Consultant

I talk with Brad Baldridge, college funding consultant and blogger and podcast host of Taming the High Cost of College. It's almost impossible to get a good job without higher education these days, but many people are getting into more debt than they can handle by going to college unprepared. Brad shares his tips on how to be smart with your money, how far in advance you should plan for the costs of college, how you can get free money to pay for tuition and how you can save even more come tax time. Long episode description: We all know that gone are the days when you can graduate with a high school diploma and get a good paying job. If you don’t further your education after high school, your opportunities are very limited when it comes to career advancement. Then again, that doesn’t mean you should go to university and resign yourself to a post-grad life with $50,000 in student loans hanging over your head. To set yourself up for a successful career, you need to get a higher education, either at technical college or university, and you need to be smart with your money at the same time. That’s what college funding consultant Brad Baldridgeshares as my guest on this podcast episode, and he has a wealth of knowledge when it comes to helping parents and their kids figure out a plan to afford post-secondary education. Brad shares a number of great tips in this episode, but to summarize just a few of them, here are the 5 most important things to you can do to avoid getting into heaps of student debt and save money on tuition: If you can, start saving for post-secondary education as soon as possible. If you’re a parent, start putting money away when your kids are still kids. If you’re a student and plan on putting yourself through school, get a part-time job as soon as you can work and be very diligent with saving every dollar you can (it worked for me!). Don’t assume you aren’t eligible for financial aid. It really does depend on a number of circumstances, so don’t assume but find out for sure if you are or aren’t eligible. Give yourself a year to apply for scholarships, and be strategic. Don’t just apply to every scholarship under the sun. Pick the ones that suit you the best and put your effort into a really stellar application. You may be surprised by the result! You may not think you can afford a “name brand” or ivy league school, but you might be wrong. A lot of these schools offer substantial financial aid and you might be able to get a huge discount on tuition. Tax time is a great time, because that’s when you can take advantage of a number of tax credits and get some of your money back. Not only are there tax credits for tuition, but student loan interest is also tax deductible. Helpful Resources & Books Is College Worth It? by William J. Bennett Colleges That Change Lives by Loren Pope My Favourite Taming the High Cost of College Podcast Episodes 3 Ways to Make the Most of Your College Visit with Kathryn Clowes How to Get Started in College Planning. Key Areas to Focus on First Understanding Student Loans with Jordan Goodman Follow Brad on Social Follow Brad on Twitter Like Brad on Facebook Subscribe to Taming the High Cost of College podcast Shownotes: jessicamoorhouse.com/47

2016-04-28 00:00:00

046 Finding Financial Freedom - Todd Tresidder, Blogger at Financial Mentor

Todd Tresidder from Financial Mentor and I talk about how he was able to retire from his career as a hedge fund manager at early age of 35. But he didn't just put up his legs and relax once he retired, he put his energy into growing a money coaching business from scratch so he could other people find financial freedom just like he was able to. Long episode description: Todd Tresidder from Financial Mentor is a numbers guy. It helped him craft a successful career as a hedge fund manager, as well as figure out a way to retire at the ripe age of 35. But his plan wasn’t to just save up a bunch of money and spend the rest of his days on the beach sipping margaritas. Financial freedom to him meant he could finally spend his time doing something he loved. What I really enjoyed about talking with Todd was that he was just as open about his failures as he was about his successes. Although society tells us we are to aim for perfection and failure isn’t an option, in reality failure is natural and a big part of succeeding. If we didn’t fail, how would we know what not to do? That’s a big component of Todd’s story. He started his website back in the 90s when you had to hard code everything. I can’t imagine trying to start an online business without the saving grace of WordPress, so big props to you Todd! It’s gone through a number of evolutions since that time, and he shares that he learned a lot about digital marketing and e-commerce the hard way. It’s great to see that he’s now really hit his stride. No lie, I work in digital marketing for a living and I listen to a ton of marketing podcasts — everything Todd is doing on his website is exactly what the experts are saying to do! Although Todd admits he made a number of mistakes when it came to his business, every single mistake he made helped lead him to where he is today. Not only is he a top money coach, blogger and podcaster, he’s also a self-made millionaire and living a life most of us are still striving for. One of my favourite parts of this episode is when Todd stopped the interview to grab a post-it from his computer to share the following Andy Warhol quote that he frequently refers to: Being good in business is the most fascinating kind of art. Making money is art and working is art and good business is the best art. I love this quote so much, and man did it really hit home for me when he read it out loud. Growing up, I thought I would be an artist as a career. And I still thought it when I enrolled in film school in my early 20s. When I had to get a real job and start my adult life, I was honestly a bit ashamed that I couldn’t make a living making art like I thought I would. Well, I’ve been adulting for over 6 years now, and what I’ve realized is that I am making art. My business is my art, and that’s pretty darn cool. Thanks for the quote Todd, it’s now a post-it on my computer too. I’m hoping it will give me that much needed focus so I can attain financial freedom at an early age just like you. Some Great Financial Resources 52 Weeks to Financial Freedom Course Todd’s eBook 18 Essential Lessons from a Self-made Millionaire Todd’s free Audio Education My Favourite Financial Mentor Podcast Episodes How To Build Wealth Through Business with Jaime Tardy Simple Financial Planning – The Only 6 Ideas You Need To Know With Philip Taylor How to Get Rich Slowly with J.D. Roth Follow Todd on Social Follow Todd on Twitter Like Todd on Facebook Subscribe to Todd’s Financial Mentor podcast Shownotes: jessicamoorhouse.com/46

2016-04-21 00:00:00

045 House Hunting Dos & Don'ts - Kristina Wilson, Real Estate Council of Ontario (RECO)

In this episode, I talk with Kristina Wilson from the Real Estate Council of Ontario (RECO) about the most important dos and don'ts when it comes to house hunting. Buying a home isn't as glamorous as all those home buying reality shows make it seem. It's a lot of work, there are a lot of documents to be aware of, and making one of the most expensive purchases of your life should not be taken lightly. Luckily RECO is here to help with experts like Kristina as well as a number of other useful resources to help any homebuyer make a financially responsible decision. Long episode description: This podcast episode is all about real estate — one of my favourite topics! If you’re a longtime blog reader, you already know I had quite the experience when my husband and I were trying to buy a house in Toronto last year. After two straight months of house hunting and bidding wars, we decided to take a rest and continue renting. If you’re not familiar with my house hunting blog series, definitely check out these detailed posts. My House Hunting Blog Series Beware of the Buyer Representation Agreement When Shopping for a House Another Week, Another Round of House Hunting in Toronto My First Bidding War: But Not My Last House Hunting Checklist: My Must-Dos When Checking Out a House House Hunting in Toronto: My Experience in a Seller’s Market Even with that experience still fresh in my mind, over the past few months my husband and I have started talking about looking again. We now realize that owning a house is out of the question if we want to stay in the city, but we can definitely afford to buy a condo or townhouse, especially if we plan on continuing to live in good ol’ TO for the next 3-5 years. That’s why I’m so excited to share my interview with Kristina Wilson from the Real Estate Council of Ontario (RECO). Kristina has a wealth of knowledge when it comes to real estate buying and selling, and we delve into all the important things you need to know as a potential buyer in this episode. Here are a few takeaways from this episode: Key Takeaways from this Episode Find a realtor who specializes in the type of property you want to buy instead of a generalist. If you want to buy a condo, find a real estate agent who is an expert when it comes to condos. They’ll know what buildings to stay away from and will help serve your needs better than someone who is more specialized in houses or vacation homes. Interview at least 2 to 3 realtors before choosing one. Ask for references before making a decision, and ask them what their experience is. For instance, how many homes have they successfully helped buyers purchase in the last year? Before stepping foot in a home you think you may want to buy, know how much you can actually afford. This means crunching the numbers, creating a budget with your new mortgage in mind, and getting pre-approved for a mortgage. Calculate your closing costs. Most buyers forget about these costs, but they could make or break your dream home purchase. If possible, make special requests in your offer. For instance, if you really want the home’s washer and dryer, but you fear the owners will take it with them, put it in your offer that you want it to stay with the home. They are also a number of other great tips in this episode, so make sure to take a listen. But to supplement our interview, I’m including a number of helpful resources below. Happy house hunting! Helpful Resources If You’re Thinking of Buying a Home Thinking of buying a condo? Here’s what you need to know Homebuyer’s checklist Common buyer questions & answers Buyer representation agreements: Understanding the fine-print Dealing with competing offers as a buyer Home inspections and choosing a home inspector Follow RECO on Social Check out more of RECO’s helpful videos on YouTube Follow & chat with RECO on Twitter Stay up-to-date on everything real estate on Facebook Shownotes: jessicamoorhouse.com/45

2016-04-14 00:00:00

044 How to Do Your Taxes like a Pro - Gerry Vittoratos, Tax Specialist at UFile

I interview UFile tax specialist Gerry Vittoratos on what tips we should all know so we can do our taxes like a pro and get the biggest tax refund possible. Long episode description: As I mentioned at the beginning of this episode, before I launched this podcast one of the topics I hoped to cover down the road was taxes. You may think that taxes are complicated, intimidating, boring, or maybe you just don’t want to think about them at all. No matter the case, we all have to do our taxes every year, so we might as well educate ourselves so we can get the best possible tax refund. I still remember the first year I did my taxes on my own. I used UFile to file online and I was terrified. I had no idea where to start and thought the process would take me a few weeks. Luckily at 24 my finances were very simple and UFile was very easy to use, so it ended up only taking me a few hours. Since then, I’ve gotten married and my finances have definitely become a lot more complicated. The one big thing that has changed is I’m no longer terrified of doing my taxes. Every year I continue to learn how to optimize filing my taxes, and in this episode UFile tax specialist Gerry Vittoratos really breaks down the secrets to being a pro tax filer. Tips on How to Be a Pro Tax Filer Gerry shares a wealth of knowledge in this episode, so here is a simple list of some of his top tips on how to be a pro filer. Get organized: Gerry mentions this tip throughout the episode because it can effect your experience and your refund big time. I mention my method of using two boxes to hold receipts and documents for my husband and I, and I highly recommend you implement a similar practice too. Scan your documents: Besides having all of your paper documents and receipts in one place, scan them too! Not only is it a great way to digitally archive anything, this makes it way easier to search things too. Take advantage of medical tax credits: There are a ton of tax credits you can take advance of, but some credits that Gerry mentions most people don’t even think about are medical tax credits. Check out the CRA’s website all about what you can claim and how to do it. Read your tax software guide: If you plan on using a tax software like UFile, make sure to read the guide so you can get the most out of it. It sounds so simple, and that’s because it is. So do it! Don’t do something stupid with your refund: Getting a big tax refund is only awesome if you don’t blow it on something you’ll regret later on. Don’t be like so many others and waste your tax refund on a vacation. Make the smarter choice and use it to pay down your debt or invest it. Blog Posts by Gerry Vittoratos Your most important tax document Tax Awareness Super Useful Tax Resources 5 Surprising Ways You Could Save on Your Taxes this Year Tax Preparation Checklist UFile Gets a Major Facelift & I’m Giving Away Prizes to Celebrate! Top 10 Things You Need to Do Before Filing Your Taxes Shownotes: jessicamoorhouse.com/44

2016-04-07 00:00:00

043 Planning for Tomorrow Without Sacrificing Today - Roger Whitney, Blogger/Podcaster at Retirement Answer Man

Retirement planning doesn't have to be boring, and it doesn't mean you have to sacrifice today to afford a better life tomorrow. In this episode, Retirement Answer Man Roger Whitney and I discuss the different strategies you can try to plan for a better, richer future. Long episode description: Roger Whitney sure is the Retirement Answer Man. Not only does he have his own personal finance blog and podcast focused on retirement, he’s also a CFP®, CIMA®, CPWA® and AIF®. That’s a lot of designations, so he I knew he’d be the one to turn to to chat about retirement planning. Now, Roger has a very interesting story. I definitely encourage you to watch the video I’ve included below where he goes more in-depth about his background, but for the Coles Notes version Roger is so passionate about educating others about retirement planning because of his mom. You see, he was raised by a single mom who worked tirelessly to provide for her family. Her plan was to work hard today so she could relax and enjoy life in retirement. Unfortunately, she passed away at an early age and was never able to experience that quiet and calm retired life she always dreamed of. Roger believes you shouldn’t work hard today for a better tomorrow. You should work hard today for a better today, and a better tomorrow. The traditional idea of retirement is that we all work hard and save as much as we can so once we retire at 65+ we can finally enjoy the fruits of our labour. But that’s not realistic is it? Not one of us can predict how long we’ll live, or if we’ll be physically able or healthy enough to have that perfect retired life we see in all those life insurance ads in our twilight years. That’s why it’s time to chuck that old idea out the door and replace it with a new one. One new idea would be to do mini-retirements like Roger and I discuss. Instead of holding out to travel the world in retirement, why not take a year off from work to travel now, then go back to work after? My friend Stephanie Williams, who was one of my first podcast guests, does this every six months and I know more of us could be doing this too. As I mentioned earlier, Roger has his own podcast, and he even encourages his listeners to send him questions he can answer in a later episode. If any of you have some specific questions about retirement after listening to my episode, click here to send Roger your question. He’s got over 24 years experience in the field, so I doubt you’d be able to stump him. Check out Roger Whitney’s Podcast Retirement Answer Man with Roger Whitney Grab Some of Roger’s Awesome Resources Roger’s Retirement Learning Centre Follow Roger on Social Follow Roger on Twitter Like Roger on Facebook Subscribe to Roger on YouTube Shownotes: jessicamoorhouse.com/43

2016-03-31 00:00:00

042 Turning Setbacks into Greenbacks - Dr. Williey Jolley, Motivational Speaker, Radio Host & Author

Dr. Willie Jolley, an award-winning motivational speaker, Sirius XM radio host and author and I talk about how he turned his setbacks into major successes. If you're looking for an incredibly motivating podcast episode with a lot of useful advice on how to be more positive and how to turn your failures into opportunities, this is the episode for you. Also listen for a free gift in today's episode to help you on your journey to a more positive, balanced and wealthy life. Long episode description: If you need some major motivation and inspiration, this is the episode for you. I interview the amazing Dr. Willie Jolley, an award-winning motivational speaker, Sirius XM radio host and author, about how he went from unemployed lounge singer to successful businessman. Willie’s story is a story I think we can all relate to. He thought he had it made as a singer, and was living a very comfortable life. But one day his boss said they needed to make some cuts — and one of the cuts was him. Not only that, but he was replaced by a karaoke machine. Instead of wallowing in despair or throwing his hands in the air and giving up, he did the opposite. He made it his mission in life to turn his setbacks into comebacks (and eventually greenbacks), and now Dr. Willie Jolley has a thriving career motivating others to do the same. I’m including a number of links below to things Willie and I talked about in this episode, but I also want to include the 7 keys to success that he talks about more in-depth in his latest book Turn Setbacks into Greenbacks. You will definitely want to check out his books and his speeches on YouTube, but here’s a little something to get you started on your journey to a better and more prosperous you! Don’t panic. Don’t willingly participate nor commiserate in the gloom and doom. Don’t let your pride poison your prosperity. Don’t stop thinking about the power and possibilities of tomorrow. Be proactive. Be creative. Be prayerful. The Book that Changed Willie Jolley’s Life Think and Grow Rich by Napolean Hill (1937) Willie Jolley’s Special Gift to You! Visti williejolley.com/gift to nab some free, amazing gifts Check Out Willie’s Motivational Books A Setback Is A Setup For A Comeback It Only Takes A Minute To Change Your Life An Attitude of Exellence Turn Setbacks into Greenbacks Listen to Willie’s Sirius XM Show Wealthy Ways Radio Show Follow Willie on Social Follow Willie on Twitter Follow Willie on Instagram Like Willie on Facebook Subscribe to Willie on YouTube Shownotes: jessicamoorhouse.com/42

2016-03-24 00:00:00

041 How to Make That Bacon - Karen Yap from Makin' the Bacon

On this episode of the Mo' Money Podcast, I talk with Karen Yap, personal finance blogger from Makin' the Bacon, about how to make more money, quit your unfulfilling job and rock your dream career. Long episode description: Karen Yap has been blogging about personal finance over at Makin’ the Bacon for close to 4 years and she’s learned a lot about making money and switching careers during that time. Although she considers herself to be a bit of a job hopper, what she really is is a woman who doesn’t want to settle and has big aspirations — just like we all do. I can definitely relate to Karen’s story because I myself have switched careers, and when I initially started my personal finance blog under the name Mo’ Money Mo’ Houses, you bet I wanted to make money of it! I can definitely agree with her though that blogging is not an “easy” way to make money (and any blogger who says it is, well, their either full of crap or their doing something fishy). Blogging (not to mention podcasting) is like having a second job. And not only does Karen have a full-time job, which she now loves, on top of blogging she is also a fitness instructor! She even invited me to one of her classes, but I think I might need to work up to that. One of the key takeaways that I hope you get from this podcast episode is that every journey is different when it comes to your career. Karen had what most people would consider the best job you could ask for — a job with the government. It paid well, it was a secure and it came with a great pension. But she wasn’t happy, and she knew she needed to leave to get her happy back. So she started from the ground up again, going to networking events and talking to other women about their careers to get insight into what else she could do. This not only led her to her current job, but it inspired her to start her Makin’ the Bacon blog series, highlighting awesome women rocking their careers. Check out the links below to learn more about Karen, her blog and journey to make her bacon, and her career blog series. I might even be one of the awesome women featured there. Check Out Karen Yap on Social Follow Karen on Twitter Follow Karen on Pinterest Like Karen on Facebook Check Out Karen’s Career Blog Series Makin’ the Bacon with Heather Jones of Viva La Violet Makin’ the Bacon with Rovena Tey Makin’ the Bacon with Jessica Moorhouse Makin’ the Bacon with Lesley Scorgie Join the Conversation If you like listening to my podcast, then you’ll definitely want to join my Money. Life. Balance. Facebook group. This group is all about having a safe space, free of judgement, where we can all talk about money, encourage each other to reach our financial goals, and educate each other in areas we’re not pros in yet. I post a new topic to discuss every Monday, so make sure to join now to add your two cents to this week’s conversation. See you in there! Shownotes: jessicamoorhouse.com/41

2016-03-17 00:00:00

040 Small Town, Big Dreams: A Success Story - Gina Kennedy, Radio Host, Voice Actor & Rockstar

Gina Kennedy is a radio host, voice actor and rockstar and she is still in her 20s. In this episode, Gina and I talk about how anything is possible when it comes to your career — no matter how big your dreams are, or how small your hometown is. Long episode description: Gina Kennedy is a prime example of how even if you come from a small town, if you’ve got big dreams the sky is the limit! Gina is originally from Abercrombie, Nova Scotia. A town so small that when I tried to look up the current population, I could only find one website that said the town was not included in Statistics Canada’s census and therefore the population is unknown. Yup, that’s a small town. But that small town didn’t have much bearing on Gina’s ambitions. She wanted to work in the music industry and nothing was going to stop her. So she moved to the biggest city in the province — Halifax. Still, that wasn’t big enough and so her next move was to Toronto where she currently lives. What I love about Gina is that once she sets her mind on something, she goes for it full force. She wanted to be radio host. I’m sure many of us have fantasized about having a sweet gig like that. But instead of just dreaming about it, she went back to school, got an internship, and never gave up until she finally become a radio host for Sirius XM’s The Verge. Next, she wanted to become a voice actor. She’s got an incredibly dynamic voice, but it’s a very competitive field. Again, she figured out how to get her foot in the door, got herself an agent and now voices commercials. If that wasn’t enough, she wanted to see if she could pursue her love of music. I was honestly surprised when she told me she was a classically trained pianist and opera singer, but it makes sense. She’s incredibly talented, and can add bassist for Altered by Mom as her third job. I know not everyone can do a million things like this, but it just goes to show that if you want something, do it. You may fail, but you may surprise yourself and succeed. Don’t let anyone tell you “you can’t” because they have no idea what you’re capable of. Heck, you might not even know what you’re capable of. So, in my worst Nova Scotia accent: “Just giv’r!” Check Out Gina Kennedy Follow Gina on Twitter Follow Gina on SoundCloud Gina’s band Altered by Mom Gina’s Sirius XM show: Press Play with Gina K My interview with Gina for my list of 6 fearless millennial women Shownotes: jessicamoorhouse.com/40

2016-03-10 01:00:00

039 Make That Money Honey - Natalie Bacon, Personal Finance Blogger at NatalieBacon.com

Natalie Bacon grew up thinking she wanted to be a lawyer, but after 4 years in the legal profession she realized she that was not the life she wanted for herself. Deciding to switch careers and become a certified financial planner (as well as a personal finance blogger), Natalie may have taken a major pay cut from her lawyer days, but she is well on her way to making some big money...honey. I also share at the end of this episode that I have just opened a Facebook group for anyone who wants to continue the conversation with other like-minded people. If you want to talk money in a place with no judgement, just encouragement, go to facebook.com/groups/moneylifebalance. Long episode description: As I mentioned to Natalie Bacon during our episode together, her blog The Finance Girl is super empowering. That’s why I just had to reach out to her and get her on my show. Natalie’s story is pretty unique. She always excelled academically and eventually graduated law school with dreams of making big money as a lawyer. After 4 years in the legal field, she was drowning in debt and ready to quit — job or no job waiting for her on the other side. One of the positive things that did come out of her legal career was the realization that she wanted to focus her energy on personal finance. It was her previous job that helped her switch careers into the financial industry, and she is now only one exam away from becoming a certified financial planner. Along the way, she also discovered that she needed a creative outlet for her new passion, which is where her blog The Finance Girl came in. And just two years later, her blog has become a heavy hitter in the personal finance blogosphere (go Natalie!). Here next big goal is to continue to increase her net worth by building her blog into a full-fledged business. Having tasted the lifestyle she could have had if she had continued practicing law, her aim now is to not just manage her money effectively, but to see how much money she can make by doing different things on the side. The idea of side hustling certainly has become a trend on my podcast, but that’s because it really is such a smart idea. I’ve been able to do so many more things with the extra money I’ve made outside of my full-time job, and I can’t wait to see where Natalie’s efforts will take her in the future. Blog Post Natalie Bacon Wrote About Setting Yourself Up for Success How to Plan Your Best Year Ever Blog Posts on How to Make More Money 8 Legitimate Ways to Make Money From Home How to Make an Extra $1000 per Month Six Strategies to Help You Successfully Negotiate a Pay Raise Want to Be Part of a Community Where It’s Cool to Talk About Money? If you like listening to my podcast, then you’ll definitely want to join my brand new Money. Life. Balance. Facebook group. This group is all about having a safe space, free of judgement, where we can all talk about money, encourage each other to reach our financial goals, and educate each other in areas we’re not pros in yet. I post a new topic to discuss every Monday, so make sure to join now to add your two cents to this week’s conversation. See you in there! Shownotes: jessicamoorhouse.com/39

2016-03-03 01:00:00

038 How to Survive Financial Hardships like a Fighter - Tahnya Kristina, Blogger at Blonde & Balanced

In this episode, I talk to certified financial planner, freelance writer and Blonde & Balanced blogger Tahnya Kristina about how she lost her job during the 2007 financial crisis, and then turned that into an opportunity to become debt-free and never be put in that position again. Long episode description: I’ve known Tahnya Kristina for several years — initially from the personal finance blogging world, then when we were roommates at FinCon 2014. The one thing that always amazes me about Tahnya is how no matter what, she always has such a positive attitude. Case in point, when she lost her job as a certified financial planner during the financial crisis and had to dig her way out of debt and find a new source of income. It wasn’t easy going from earning a good pay cheque as a commission-only CFP, to becoming unemployed and not sure where to go. But like so many successful people, Tahnya turned those lemons into lemonade and fought her way to a better life. She could have easily thrown her hands up and given in to this major setback, but instead she wallowed for a few days then got to work. She started by using some of her talents in a totally new way. With her deep financial knowledge, she sought out work as a freelance financial writer, which eventually led her to a job in digital marketing. Now, several years after the economic collapse, Tahnya continues to freelance write for various websites and blogs (including Blonde & Balanced), as well as works full-time so she never has to worry about depending on just one job again. It’s a notion I absolutely live by and advocate whenever I can. Never rely on only one source of income. If it means getting a job on the weekend, at night, or freelancing in your spare time, it will seriously make all the difference in terms of you reaching your financial goals quicker and just feeling all around more secure. I haven’t lost sleep about money for years, and I know it’s because I’ve been debt-free since 2010 and have multiple streams of income. Article I Mentioned on Vancouver Housing Prices 91% of Single-family Homes in Vancouver Now Valued at Over $1 million Learn More About Tahnya Kristina Check out her blog Blonde & Balanced Follow Blonde & Balanced on Facebook Check out Tahnya’s professional website Follow Tahnya on Twitter Shownotes: jessicamoorhouse.com/38

2016-02-25 01:00:00

037 The Tiny House Movement - Christopher Smith, Filmmaker of Tiny: A Story About Living Small

Christopher Smith, documentary filmmaker of Tiny: A Story About Living Small, and I talk about the financial upside to living in a tiny house, and how he managed to build his own tiny house with his own money and no prior building experience. Long episode description: When I watched Christopher Smith and Marete Mueller’s documentary Tiny: A Story About Living Small, it kind of blew my mind. I was always aware of the tiny house movement, even fantasized about building my own one day, but it wasn’t until I watched Christopher and Marete build a tiny house from nothing that I became a bit obsessed. Like started googling plans to build my own tiny house obsessed. Luckily, I didn’t have to just wonder how one would go about building their own tiny house because Christopher was nice enough to chat with me about how he did it himself — with his own money and no prior building experience. If he can do it, anyone can, right? That’s one of the big takeaways from the film actually. Just because you’ve never done something before, there’s still nothing stopping you from accomplishing it. And Christopher not only built his own tiny house, he made a film at the same time. A film that went on to major success by premiering at SXSW and screening at a number of other noteworthy film festivals. Another takeaway from the film is the idea of settling down and making a home for yourself. I must have been thinking about his film when I wrote my blog post about embracing life’s impermanence, because that’s something I’ve been thinking about a lot lately. I grew up believing that at a certain age you needed to settle down and stay in one place to raise a family, but that just doesn’t seem important or rational anymore. You don’t need to have a big house in the suburbs with a 30-year mortgage you can hardly afford to have a home. You can buy a plot of land like Christopher and build a tiny house on wheels for the same price as a downpayment and live an incredibly fulfilling (and debt-free) life. Which brings me to another big takeaway — the financial rewards of living small. One of the women featured in the film was able to pay down her debt and quit her soul-crushing job to pursue her dream of being a writer because she lived in a tiny house. It’s crazy what opportunities pop up when we don’t give material goods and commercialism any power in our lives. When we focus on what’s truly important in life (family, community, mental health), we realize how insignificant stuff is. And if I’ve said it once, I’ve said it a million times — no matter how much stuff you’ve got, you can’t take it with you. Learn More About Christopher Smith’s Tiny House and What He’s Up to Now Where Are We (and our house) Now? A TINY Update Two Years Later A Glimpse Inside “The Boulder” Tiny House Shownotes: jessicamoorhouse.com/37

2016-02-18 01:00:00

036 Side Hustling to Early Retirement - Robb Engen, Blogger at Boomer and Echo

Robb Engen from the popular blog Boomer and Echo and I discuss how he started his blog because of his passion for personal finance, and how it evolved into a money-making side hustle that would lead to an early retirement for him and his wife. Long episode description: Robb Engen from the popular personal finance blog Boomer and Echo and I chat in this episode of the Mo’ Money Podcast about how he turned his passion for personal finance into a means of reaching early retirement. I’ve known Robb and his blog for a while, but it wasn’t until I heard him speak at this year’s Canadian Personal Finance Conference that I knew I needed to chat with him on the podcast. Robb started his blog along with his mother Marie Engen, a certified financial planner, in 2010. He read a lot of personal finance blogs and eventually felt compelled to add his two cents with his own blog. What started out as a hobby turned into a second job where he earns thousands of dollars per month on top of his full-time salary. Not only does his blog help provide for his family while his wife stays at home with their two young daughters, but it is also helping them both achieve they’re big goal of retiring early so they can enjoy the fruits of their labour sooner rather than later. On top of blogging, Robb also writes a column for the Toronto Star and offers fee-only advice as a financial advisor on the side. I remember someone asking him at the conference how he manages it all with a young family, and his answer was simple — it’s a lot of work, but he makes the best use of his time. It’s not easy balancing a full-time job with a few extra jobs on the side, but if it eventually leads to more money in the bank and the possibility of early retirement, well, I’d much rather work crazy hard in my 20s and 30s to be financially free in my 40s, 50s and beyond. Props to you Robb! Personal Finance Blogs Mentioned Million Dollar Journey Canadian Finance Blog Money Smarts Blog Follow Robb Engen on Social Robb on Twitter Boomer and Echo on Twitter Boomer and Echo on Facebook Shownotes: jessicamoorhouse.com/36

2016-02-11 01:00:00

035 Millennials, Money & the Hustle - Stefanie O'Connell, Millennial Money Expert, Author & Blogger

Millennial money expert, author and personal finance blogger Stefanie O'Connell and I talk about being an actress during the recession and what inspired her to teach others to be smarter with their money. Long episode description: Stefanie O’Connell is one inspiring millennial. She had aspirations of becoming an actress growing up and even studied acting in New York City. She was well on her way to becoming a broadway star too — until the recession hit. The economic collapse forced her to rethink her plans of being an actress and consider other ways of making a living. She also started getting interested in personal finance, and realized from books like Rich Dad, Poor Dad that she did not want to live like a starving artist for the rest of her life. This new passion for finance soon motivated her to start her own blog initially called The Broke and Beautiful Life. Now just going by her name (like yours truly) at StefanieOConnel.com, she’s not only a popular personal finance blogger, but also an author (she penned her first book The Broke and Beautiful Life in January 2015), and frequent money expert on media outlets like Fox & Friends, Dr. Oz and CBS News. What I love about Stefanie, beyond being such a hustler, is how positive she is. She seriously took those lemons and made some amazing lemonade with them. If there’s one thing you can learn from Stefanie’s story, it’s that life is rarely a straight path. Heck, it might actually be a really good thing. How boring would life be if it was predictable? Just look at my life. I thought I was going to be an award-winning film editor in Vancouver, but instead I moved to Toronto, work in digital marketing during the day and host my own personal finance podcast at night! And I love it! I love that life is so unpredictable and I’ve learned over the years that it’s when you embrace the unknown and divert from your original path, some truly amazing things can happen. Read Stefanie O’Connell’s Book As I mentioned, besides being a personal finance blogger, Stefanie is a full-fledged author! Here’s a glimpse of what her book The Broke and Beautiful Life: Small Town Budget, Big City Dreams is all about: After moving to New York City to become a Broadway actress, Stefanie O’Connell faced one of two inevitabilities when faced with unemployment–spiral into debt or learn how to effectively manage her money. Punctuated with humor, insight, and essential money management lessons, The Broke and Beautiful Life offers practical strategies to make smarter financial decisions today as a means to fulfill the goals and dreams of tomorrow. You can grab your copy of her awesome book on Amazon. Check Out Stefanie on YouTube Not only do I predict Stefanie becoming a YouTube star, or the next Oprah, I want to help her get there! Recently she shared on Facebook that she hopes to attend YouTube’s Bootcamp to up her Youtuber game. She’s a natural already with the acting chops, but in order to get into the bootcamp she needs 500 channel subscribers. Since Stefanie is such an awesome gal, I’m asking you to subscribe to her channel (as well as mine), so she can become famous and credit me for helping her out! Seriously girl, if you ever get a talk show, I definitely expect to be a guest! Shownotes: jessicamoorhouse.com/35

2016-02-04 01:00:00

034 Breaking the Twitch - Anthony Ongaro, Blogger & YouTuber at Break the Twitch

I talk with vlogger, blogger and entrepreneur Anthony Ongaro about how he climbed out of a mountain of debt and came out of the experience stronger by living life with more intention and integrating minimalism into his daily life. Long episode description: I was introduced to Anthony by my good pal Cait Flanders from Blonde on a Budget after I asked her if she knew of any guests who would be great for my show. She was right in pointing me to Anthony because he is seriously such a genuine, smart and inspirational guy. If you need some motivation to pay down your debt, declutter your house and live life to the fullest — Anthony is your guy. In this episode, we discuss some of Anthony’s key philosophies that he often writes about on his blog Break the Twitch and talks about on his YouTube channel. What Does it Mean to Break the Twitch? When I think of twitch, I think of someone who has a weird eye twitch they can’t control. And that’s sort of the same thing that Anthony is referring to, but instead of an uncontrollable eye twitch it’s that uncontrollable twitch that makes you buy, buy, BUY! Anthony shares his story of his Amazon shopping addiction and how he eventually turned things around and broke the consumerist cycle to live a more meaningful life. Now his mission is to help others like him break the twitch too. It’s not uncommon to fall into a never ending shopping spree, but it’s not impossible to get out and make it right. The Dark Side of Convenience It’s rare that we ever complain about anything being too convenient, but that’s exactly what gets lots of us into financial trouble. When things like Uber, Amazon and iTunes are at our finger tips, it can be hard not to spend money like it’s not even real. But it is real and we need to be more conscious of how we’re spending it. This may mean deleting some apps on your phone or unplugging at night to prevent any late night boredom shopping. The key thing is to be aware and not always do the most convenient thing if it’ll cost you in the long run. Embracing Minimalism This was a big topic on the episode because we talked about it in two different ways. First, minimalism in terms of getting rid of material possessions to live a less cluttered life. Second, minimalism in respect to relationships and only maintaining relationships that add value to your life. As I mentioned near the end of the episode, after talking with Anthony I had a huge urge to go through my whole apartment and get rid of everything. And I did actually purge a few things from my closet and some of my junk drawers. It felt so freeing, so I hope you choose to try it out too, or better yet, do a minimalism challenge! Shownotes: jessicamoorhouse.com/34

2016-01-28 01:00:00

033 Millennial Money Matters - Rob Carrick, Personal Finance Columnist for The Globe and Mail

I discuss the biggest money matters for millennials, such as student loan debt, unemployment, going back to school, and buying a house with personal finance columnist Rob Carrick from The Globe and Mail. Long episode description: I was incredibly nervous to interview Rob Carrick from The Globe and Mail for this podcast episode. I’ve been reading his words for years and when it comes to personal finance, he really knows his stuff. But since Rob is such an awesome guy, when I cornered him at the Canadian Personal Finance Conference this past fall and begged him to be on my podcast, he was kind enough to say yes. Highlights from this Episode I love this episode so much because we talked about one of my favourite topics — millennial money matters. As a millennial who’s mission it is to help other millennials understand the core concepts of personal finance so they can take control of their lives and prosper, well it was more than a treat to talk to someone as passionate about educating Generation Y as I am. We start off with discussing two of the biggest downfalls of post-secondary students: budgeting and taking on student loans. The facts are that students don’t budget (hey, I didn’t even know what a budget was when I was in university) and they take on student loans without truly understanding what it means to be indebted. It’s no surprise that most university grads are drowning in debt and don’t know how to manage their money. On top of that, many students are going to university because they believe that’s the right step to take in order to have a successful career down the road. Unfortunately, that’s just not the case anymore, and many graduates are having a hard time finding a job in their field and have to get a professional certificate for an applied skill just to get their foot in the door (myself included). Another big topic we discussed was housing. I wrote a lot about my experience house hunting in Toronto last year, but in the end I backed off and chose to continue renting instead because it just didn’t look like a good investment. It may have been 10 years ago, maybe even 5, but that just isn’t the case anymore. It was for Generation X and the Baby Boomers, but I agree with Rob in believing that more millennials need to proceed with caution when it comes to investing in property. Shownotes: jessicamoorhouse.com/33

2016-01-21 01:00:00

032 How to Raise Money-Smart Kids - Robin Taub, Author & Financial Consultant

I talk with financial consultant, public speaker and author Robin Taub about her book "A Parent's Guide to Raising Money-Smart Kids" and what advice she would give to parents about teaching their kids about personal finance at any age. Long episode description: I was lucky enough to meet Robin Taub at the Canadian Personal Finance Conference in Toronto this fall, and I’m so glad I did. She spoke at the conference about how she penned and published her best-selling book A Parent’s Guide to Raising Money-Smart Kids and how she went from chartered accountant to public speaker, author and personal finance media spokesperson. Although I don’t have kids (and don’t plan on starting a family for a few years yet), raising money-smart kids is one topic I knew I needed to cover on the podcast. I think for all of us to become smarter with our money, we need to be educated about it. And the sooner we learn the fundamentals of personal finance in life, the better chance we have at becoming successful and financially stable adults. I know for a fact then when I do have kids, I don’t want money to be a taboo subject. I want us to talk about it openly so they will have all the facts before they head off to college. We talked a lot about Robin’s book in this episode, largely because she outlined how to teach your kids about money so well. She talks about what to talk about to your kids at different ages and how this personal finance education can truly empower your kids and give them confidence. Like I said at the start of this episode, I highly recommend this book to anyone who is a parent or is planning to be. You can buy the book online or check it out at your local library. Shownotes: jessicamoorhouse.com/32

2016-01-14 01:00:00

031 How to Be a Money-Smart Fitness Guru - Jaclyn Phillips, Fitness Coach & Champion Bodybuilder

For my first Mo' Money Podcast episode of 2016, I interview fitness coach and champion bodybuilder Jaclyn Phillips about how she turned her love for fitness into her side hustle and how she saves money when preparing for fitness shows. Long episode description: In this episode, Jaclyn and I discuss how she got into the fitness world and how she eventually turned her love of fitness and competing into a part-time business. For my first Mo’ Money Podcast episode of 2016, I interview my friend, and co-creator of the Rich & Fit 21-Day Challenge, Jaclyn Phillips. Jaclyn is awesome. And yes, I may be biased, but she really is. The reason we first connected was because we are equally passionate about helping others when it comes to finance or fitness. She loves fitness and wants to share everything she’s learned with people who want to improve their health. I love finance and want to share everything I’ve learned with people who want to improve their financial lives. When we met and started talking about what we do outside of work — well, it wasn’t long until we came up with our idea for the Rich & Fit program. In this episode, Jaclyn and I discuss how she got into the fitness world and how she eventually turned her love of fitness and competing into a part-time business. To give you an idea of what she does, here’s a look (she’s the brunette on the left): Yup, she knows fitness. She also does her own hair and make-up for shows to save on money (frugal too!). To learn more about Jaclyn Phillips, I highly suggest you check out her website and her Instagram. Her Instagram is seriously my daily motivation to get up and move off the couch. And as another special treat, I found this awesome recipe of her’s for Birthday Cake Protein Waffles with French Vanilla Glaze. I am definitely going to make these this weekend. Shownotes: jessicamoorhouse.com/31

2016-01-07 01:00:00

030 My Thoughts on Education & the Student Life - Jessica Moorhouse

For the last Mo' Money Podcast episode of 2015, host Jessica Moorhouse does another solo episode, sharing her thoughts on going to university, student debt and making smart financial decisions when it comes to your higher education and future career.

2015-12-10 01:00:00

029 What a Real Success Story Sounds Like - Jacques Hardy, My Grandpa

I interview my grandpa, Jacques Hardy, in his home in Chilliwack, BC for this podcast episode because his story is the ultimate success story. He describes his family as "poverty stricken" growing up, he had 8 siblings and had to start paying his own way at 17. Although the odds were against him (he failed grade 7 twice and was fired from a number of jobs), he was able to find a successful career in the military to help support his young family and eventually move across the country for a better life. Long episode description: This episode is why I’m so glad I have a podcast. Finally, I have a medium to share my grandpa’s incredible story. He literally started out dirt poor. Poverty stricken was actually the term he used. He was born in Saint-Sylvère, Quebec, had 8 siblings and had to start paying his own way at 17. If you think that sounds hard, his dad was orphaned at 5 years old and started working at 11! He eventually became a butcher and sold his meat door-to-door. But still, when he got married, all he had to his name was $20 in his pocket and a horse and buggy. He even had to declare bankruptcy at one point in his life. You really do need to listen to the episode to fully grasp the trials and tribulations my grandpa had to overcome. It sure makes me feel grateful for how I was brought up. I mean, I complain that I had to work a part-time job in high school to afford university (poor me), while my grandpa literally had no options when it came to post-secondary. Honestly, if it wasn’t for the military I don’t know if he would have been able to afford starting a family and eventually uprooting them across the country to live in Chilliwack, BC. What I loved most about our conversation together was finding out how money savvy he was. Even without any good financial role models in his life, my grandpa was smart enough to save a good part of his pay cheque and buy some Canada Savings Bonds that eventually helped him pay off his mortgage (on the house he still lives in by the way), right before interest rates skyrocketed in the 1980s. I still can’t believe he was able to put more than 50% down for a down-payment and his mortgage was only $83/month! A big thank you to my grandpa for recording this episode with me (I can’t wait to share it with him). This will be a recording I cherish for years to come. And since I haven’t mentioned it on my podcast or on the blog yet, next Wednesday’s episode will be my last for the year. It’ll be my 30th episode and I definitely need a break to ramp up my website redesign before the New Year. As always, thanks for listening and make sure to tell me what you think by leaving me a review on iTunes, Stitcher or tweeting me. Shownotes: jessicamoorhouse.com/29

2015-12-03 01:00:00

028 Kicking Your Student Debt to the Curb - Riley Maruyama, Cinematic Artist

In this episode, I talk with longtime friend and fellow film school grad Riley Maruyama about his experience trying to make it in the film industry while trying to crush $35,000 in student debt. Long episode description: I am so excited to share my interview with my very good friend Riley Maruyama for this episode, all about kicking his student debt to the curb. Riley and I go way back. We were in the same 30-person film program at Simon Fraser University back in 2005, we helped each other as crew members on multiple film shoots, and I even passed down my first basement suite to him after we all graduated (it was a really good deal, so we kept that suite in our “friend family” for quite a few years). Since I’ve known Riley, he’s always been a true artist. In film school, he was known as the experimental filmmaker out of all of us. But why we got along so well was he was never that stereotypical art school kid. He had (and still has) the best sense of humour, but at the same time is incredibly philosophical. And it very well could be because he’s equal parts creative and thoughtful that he realized how important it was to pay down his $35,000 student loan while still pursuing a career in the arts. Not an easy feat, but Riley is seriously talented and does not give up. It’s certainly no surprise to me that he was able to crush his debt while eventually landing a job as a cinematic artist in the gaming industry. Since I mentioned a few of the projects Riley’s worked on over the years in this episode, I’ve linked to them below (including his grad film!). I really hope you enjoyed this episode as much as I did. What I really wanted to share was that it’s not just a success story if you pay off your debt in record time. If it takes you a bit longer but you still end up paying it off — that’s still a huge accomplishment! Riley’s Grad Film https://vimeo.com/16880038 Shownotes: jessicamoorhouse.com/28

2015-11-26 01:00:00

027 How to Be an Empowered Investor - Aman Raina, Investment Coach

Investment coach Aman Raina and I discuss how to be an empowered investor through financial education, changing habits and understanding your comfort zone. Long episode description: As I mentioned at the beginning of this episode, I found out about Aman because he commented on my blog post about money coaching. After that we exchanged a few emails and I knew I needed to talk to him a bit more so I got him on my podcast. Aman as a very interesting background. He worked on the TSX’s trading floor back in the 90s and has a wealth of knowledge when it comes to investments. Later in his career he decided to go it alone and start his own investment coaching business so he could teach others about the principles of investing wisely. Different than a financial advisor, an investment coach doesn’t sell you products or tell you specifically what to do. Instead, it’s more of a teacher role and Aman shares some of his top tips for those of you who want to learn more about becoming a savvy investor. I was lucky enough to meet Aman in person this fall at the Canadian Personal Finance Conference. He is seriously the nicest guy and super smart. He told me he was thinking of producing more videos for his company website, Sage Investors, and I guess he did because I found this gem! Props for getting jiggy with it Aman! https://www.youtube.com/watch?v=tiT2NFSX15A Shownotes: jessicamoorhouse.com/27

2015-11-19 01:00:00

026 Mobile Home Investing - Rachel Hernandez, Author & Blogger at Adventures in Mobile Homes

Rachel Hernandez is arguably one of the hardest working solopreneurs out there. Having had an entrepreneurial spirit from a very young age, Rachel shares her story of working long hours to pay for university and eventually starting her own successful mobile home investment business. Long episode description: My guest for this episode is Rachel Hernandez — arguably one of the hardest working women I know! Not only does she have a strong work ethic, she’s basically been an entrepreneur since she was in elementary school. Who else could come up with an idea to sell pencils and stickers to kids (as a kid) but someone who would end up becoming a successful real estate investor. In this episode, Rachel shares her story of how she worked her way to pay for college, turned down a chance to do her MBA and took a huge leap of faith by starting her own real estate investing company. Although she now predominantly invests in mobile homes, she has a wealth of knowledge on single home investing as well. She’s even so knowledgeable that she’s penned 3 books about real estate investing (and counting!). Thanks again Rachel for being such a great guest. You’re story is incredibly inspiring and I hope that I too will become an property investor down the road, though probably not in Canada if I’m being honest. Then again, I might actually be able to afford a mobile home in Toronto or Vancouver? Since we mentioned a few resources on the show, here they all are below. And make sure to leave me a review on iTunes or Stitcher to let me know what you think of this episode! Blog Posts Rachel Mentioned I Ditched Graduate School to Invest in Real Estate, Here’s What Happened Investing in Mobile Homes: Why I Enjoy Mobile Home Investing Rachel’s Books Adventures in Mobile Homes Real Estate Investing Sucks Real Estate Investing Sucks Pt. 2 Shownotes: jessicamoorhouse.com/26

2015-11-12 01:00:00

025 The Value of Index Fund Investing - John Robertson, Author of The Value of Simple

John Robertson, the author of the DIY investing book The Value of Simple, and I discuss the why and how of index fund investing, his side gig as an investment coach and how investing can be simple (if you're doing it right). Long episode description: In this episode I talk with John Robertson, the blogger behind Holy Potato and the author of The Value of Simple, about one of my favourite topics — index fund investing. I explored this subject a bit in my podcast episode with Barry Choi, but John breaks down the principles even further and explains what actionable steps you need to take to become a do-it-yourself investor. If you are really interested in going the DIY investing route, I highly suggest reading John’s book. I did and I seriously learned a lot about what is involved and what the best ways to get started are. We mentioned a number of resources in this episode, and here they are below. Books John Mentioned The Little Book of Common Sense Investing by John C. Bogle The Wealthy Barber by David Chilton John’s Book The Value of Simple: A Practical Guide to Taking the Complexity Out of Investing Money Planners & Coaches Directory Directory of Fee-Only Planners and Coaches Shownotes: jessicamoorhouse.com/25

2015-11-05 01:00:00

024 From 6 Figures in Debt to 7 Figures in Savings - Revanche, Blogger at A Gai Shan Life

Revanche, the blogger behind A Gai Shan Life, and I talk about growing up extremely frugal, helping her family out of a tough financial situation and her aspirations to become a full-fledged millionaire. Long episode description: Talk about overcoming some major obstacles, Revanche seriously is one inspiring woman. It’s one thing to try to get yourself out of debt by working hard and saving aggressively, but it’s quite another to do the same to help your family out of a tough financial situation. Although I think Revanche’s story is quite unique, I also feel like she’s not alone in being thrown into a situation where your loved ones need your help and you need to make some big sacrifices to get them out. I’d love to know in the comments if anyone else has experienced something similar! Please share your stories if you have them. Although it was a long journey for Revanche, which you’ll learn in our podcast episode together, she didn’t just stop when the debt was finally paid off. She set herself an even loftier goal to achieve next — become a millionaire so she never has to experience debt like that again. I applaud Revanche’s dedication and hard work, and seriously can’t wait until she makes it into the two comma club. Notable Blog Posts by Revanche My kid and becoming human: Notes from Month 6 Will This Loan Be Repaid? Revanche’s Real Estate Investing Series Learn More About Revanche The Who, What and Why of Revanche from A Gai Shan Life Shownotes: jessicamoorhouse.com/24

2015-10-29 00:00:00

023 How to Become a Successful Girl Boss - Carrie Smith from Careful Cents

In this episode, I interview Carrie Smith from Careful Cents about how she paid off $14,000 in consumer debt and was able to leave her stressful 9 to 5 to become a top business coach for freelancers and entrepreneurs. Long episode description: As Carrie and I mentioned at the start of this episode, we met in person over a year ago at FinCon 2014 in New Orleans and totally hit it off. It was actually Carrie, myself and Cait from Blonde on the Budget that hung out quite a bit at that conference, and I am really looking forward to doing it again at FinCon 2016 in San Diego. Speaking of FinCon, a huge congratulations to Carrie for winning Best Entrepreneurship Blog at the 2015 Plutus Awards this past September. Way to go girl! Carrie has a really interesting story all about overcoming huge financial challenges and taking some big risks to live the life she knew she deserved. She went into debt, she went through a divorce and she had a really stressful accounting job that turned her into a workaholic. But she saw the light at the end of the tunnel and worked her butt off to get to where she is today. If you’re looking for some mid-week motivation, this podcast episode is it! Notable Blog Posts by Carrie Solopreneur Success: How I Built a Community of 3,000 Loyal Subscribers From Employee to Business Owner: How I Overcame My Biggest Business Challenge A Guaranteed Plan of Action for Achieving Your Financial Goals Useful Resources for Freelancers The Best Freelance Business Tools Digital Workships Shownotes: jessicamoorhouse.com/23

2015-10-22 00:00:00

022 This Is How You Make Your Budget Sexy - J. Money, Blogger at Budgets Are Sexy

J. Money from the popular personal finance blog Budgets Are Sexy and I talk about making money online, getting fired, giving away $90,000 and making budgets sexy again. Long episode description: J. Money from Budgets Are Sexy and Rockstar Finance has been in the personal finance game since 2008, so he knows what’s going on when it comes to talking money. In this episode, we discuss how he became a blogger, why getting fired was the best thing that ever happened to him and how he’s been able to give back in a big way. Not only is J. Money just a super cool, genuine guy — I owe him a big one because talking to him for this episode was the kick in the pants I needed to move forward with my rebrand and future money coaching business. You know when you have an idea, but are just too scared to take action because it’s not perfect yet? I’m a big perfectionist, and it’s definitely held me back from trying new things and taking risks that could help me in the long run. But J. Money is such a an inspiring guy with everything he’s accomplished, I’m gonna take a chapter out of his book and just do it! So thanks J. for motivating me to start my next chapter. You rock and it was a pleasure having you on the show! We mentioned a few things in this episode, so I’ve listed everything below. I’m also including J.’s side hustle story series even though we didn’t talk about it because it’s just too cool not to mention on here. Submit Your Side Hustle Story Got a unique way to make extra money outside of your day job? Submit your cool side hustle story for a chance to be featured on Budgets Are Sexy. I even submitted my story about teleprompting! Notable Blog Posts by J. Money I Got Fired The Lifetime Wealth Ratio 7 Things I’ve Learned After 7 Years of Blogging Shownotes: jessicamoorhouse.com/22

2015-10-15 00:00:00

021 How to Break Up with Your Debt - Melanie Lockert, Blogger at Dear Debt

I talk to Plutus Award winner and debt blogger Melanie Lockert about her experience tackling $81,000 in student loan debt and becoming a full-time freelancer and debt crusher advocate. Long episode description: It was such a pleasure interviewing Melanie Lockert from Dear Debt. I’m an uber nerd and couldn’t contain how much I love Portland (where she currently lives) as you may have gathered from me blurting it out at the beginning of this episode. But in addition to secretly wishing I lived on the West Coast again, I’m also a huge fan of her blog and have been for many years, so it was a huge treat to be able to record this episode with the ultimate debt crusher. Melanie’s story is one that I’m sure many of you can relate to. She took out a loan to do her bachelor’s degree, then got into her dream school of NYU to do her master’s degree. That meant she had to take on even more student debt. The grand total tallied up to $81,000 in student loan debt. That’s basically a down-payment on a house in Toronto or several very lavish tropical vacations. Melanie ended up leaving New York after graduating to move to Portland to be with her partner. Although Portland is way more affordable to live in than New York, the economy isn’t great and she struggled to find work. But Melanie didn’t let that get her down. She hustled and worked her butt off to find work and eventually turned her blog into a full-time job. And this year she even won a Plutus Award for Best Debt-Focused Personal Finance Blog and was nominated for Best Contributor/Freelancer for Personal Finance. You go girl! If you’re looking for a podcast episode to inspire you to break up with debt or just conquer something that seems completely impossible, you’ll definitely want to listen to this episode. And make sure to check out some of the links below that include a way to submit your Dear Debt Letter and some of Melanie&rsp> Melanie started this awesome program to help others break up with their debt and share their stories. If you have a debt story that you want to share and want to kick your debt to the curb, I highly recommend submitting your own Dear Debt Letter. Notable Blog Posts by Melanie The Positive Power of Thinking One Year Later: My Journey as a Freelancer How I Spent Less Than $1,000 on a 2-Week Trip to Europe My Big Crazy, Audacious Goal My Experiences with Debt & Unemployment How to Survive Unemployment After Graduation How to Keep Positive While Unemployed How I Paid Off My Student Loan in Less Than a Year Shownotes: jessicamoorhouse.com/21

2015-10-08 00:00:00

020 My Experience Being a MIssionary & Sponsoring a Child - Jessica Moorhouse

In this episode, I talk about my experience as a missionary in Africa at 18 and sponsoring a child in my 20s to give back. Long episode description: Hello and welcome to another solo podcast episode with yours truly. I know in episode 1 I said I would just being doing interviewed shows, but what can I say, I love to talk and I’ve got a lot to say. In this episode which I am super excited to share with you, I dive into my experience as a missionary and sponsoring a child to give back. I believe giving back and donating to charities is incredibly important, especially when it comes to personal finance. When we think about money management though, it’s usually the last thing we think of after saving, investing and making more money. Giving back has always been a big part of my life, starting with my childhood in the Catholic church. Participating in giving back through my church’s programs evolved into me deciding to go to Africa at 18 to do some good overseas. It was definitely an enlightening experience, good and bad, so make sure to listen to find out what I think about it a decade later. I also had a sponsor child for a period in my early 20s. I actually decided to get a sponsor child when I first moved out of my parents and was making my lowest salary to date. But even though I was at my poorest, I knew that as a financially independent woman I needed to still set aside some money to help others. Now in my late 20s, I have a very different outlook on giving back because of these two experiences. I’m still all for helping others, especially financially, but I just choose to go about it a different way than I did when I was younger. Since this is a pretty personal episode, and I share things on there that I’ve never talked about before, I would love to get your feedback. Let me know what you think, or better yet share a story you have about giving back in the show notes. Blog Posts I Mentioned My Trip to The Gambia: An Experience That Changed My Life My Experience Sponsoring a Child I’m Gonna Be a Mentor! Doing Your Research Before Giving Your Money to a Charity Charitable Programs I Mentioned Compassion Canada YWCA High School Mentorship Program – Vancouver Shownotes: jessicamoorhouse.com/20

2015-10-01 00:00:00

019 Hustling 101: From Bartender to CEO - Quin Sandler, CEO of Plantiga

Quin Sandler, CEO of fitness technology company Plantiga, and I talk about being a serial entrepreneur and what that means for his budget, retirement plans and career aspirations. Long episode description: My guest on this podcast episode can be summed up in one word: hustler. Quin Sandler, who I was introduced to by my husband Josh, is one motivating character. He’s an entrepreneur and is currently the co-founder and CEO of the startup Plantiga. In this episode we talk about how he’s created several different businesses including a tutoring business and a web design and branding business, and how that led him to his new venture in wearable sports technology. We also dive into how he budgets (or does he?), what he does to supplement his income when money is scarce and what his thoughts are on retirement. We mentioned a ton of things on the show, so I’ve organized everything to make it easy for you below. Thanks for listening and make sure to let me know what you think about this episode or my show by leaving me a review on iTunes or stitcher! Links Quin Mentioned Plantiga, his new business Brad Feld’s book on life as an entrepreneur, Startup Life: Surviving & Thriving in a Relationship with an Entrepreneur About Quin Quin in The Globe & Mail talking about Plantiga: “Smart Shoes Creator Considers Running Out of Canada” Check out some of Quin’s original music! Check out Quin on Twitter Shownotes: jessicamoorhouse.com/19

2015-09-24 00:00:00

018 How Not to Live like a Starving Artist - Melissa Bondar, Blogger at BrokeGirlRich

BrokeGirlRich blogger Melissa Bondar and I discuss the sacrifices you have to make to follow your passion and work in the arts industry, while paying off debt and living on a very tight budget. Long episode description: I was really looking forward to interviewing Melissa Bondar, the blogger behind BrokeGirlRich. Not only were we roommates for FinCon 2014 in New Orleans, but her story is very close to my heart. We both went to art school in university, her for theatre and me for film. But instead of pursuing a career in my field like Melissa did, I kind of chickened out and just ran in the complete opposite direction. No regrets of course, and looking back I can say confidently that the film industry and me would not have been a good fit. That being said, I think it is so cool that Melissa pursued her dream of working in theatre and now she has an awesome job as a stage manager in New York City! You go girl! Melissa and I talked about a ton of stuff on the show, and I’ve listed some of her blog posts that we talked about below. For anyone who is thinking about working in the arts, or is already working in that field and needs a good blog to read about being smart with money, make sure to check out Melissa’s blog and follow her on twitter! Links Melissa & I Mentioned Melissa’s blog post about living below her means so she doesn’t have to work a job she hates: Fail is the Best Four Letter Word Her list of 114 side hustles to make extra money The Penny Hoarder’s blog about how to become a mystery shopper Melissa’s net worth updates Shownotes: jessicamoorhouse.com/18

2015-09-17 00:00:00

017 The Road to Financial Success - Preet Banerjee, Author/TV Personality

Personal finance author (Stop Over-thinking Your Money!) and TV personality Preet Banerjee and I talk about his journey from race car driver to leading Canadian financial expert. Long episode description: Can I just start off with saying how amazing Preet sounds on my podcast? He puts my “radio voice” to shame! I should have known, he is a podcaster and TV personality after all. I’ve got to say, this is probably one of my favourite podcast episodes (not to bash any of the episodes I’ve done up until this point, they are all amazing too!). Preet is such a cool, genuine guy and it was so nice to hear his story. I mean, how many people do you know who went to school to be a brain surgeon, then pursued a career in race car driving and ended up becoming a well-known financial expert on TV? I guess never having a 5-year plan might be the way to go? Before I get to the important links and book giveaway, I’ve got to hang my head in shame because I still haven’t crossed off 1) get a will and 2) get life and disability insurance off my list. To be fair, I almost did. I made an appointment with a lawyer to get a will done, but had to cancel and just haven’t rescheduled it. But I will get both of these things done before Christmas, mark my words Preet! And you better too…I’m talking to you blog readers and podcast listeners! Important Links Preet Mentioned Preet’s first book, RRSPs: The Definitive Book on Registered Retirement Savings Plans His personal finance blog: Where Does All My Money Go His big break in the National Post: “New Breed of Advisors Shun Mutual Funds” Preet’s podcast that he seriously needs to start up again: Mostly Money, Mostly Canadian Preet’s new book: Stop Over-thinking Your Money! Shownotes: jessicamoorhouse.com/17

2015-09-10 00:00:00

016 Sex, Zombies and Compound Interest - Robert R. Brown, Author of Wealthing Like Rabbits

In this episode, I interview Wealthing Like Rabbits author Robert R. Brown about how he got into the personal finance world, what inspired him to write this cheeky book and what it means to wealth like a rabbit. Long episode description: It was so great to chat with Robert Brown in this episode, the author of the personal finance book Wealthing Like Rabbits (or it’s original title and my personal favourite, Sex, Zombies and Compound Interest). I was able to review the book on the blog back in November, so it was fun to be able to chat with Robert about some of my favourite passages and find out more about the man behind the book. As mentioned at the beginning of this episode, I will be giving away a copy ofWealthing Like Rabbits so you can enjoy it just as much as I did. Make sure to enter below! And as always, below are some interesting links that we mentioned during the show that you may want to check out as well. Personal Finance Authors Robert Mentioned David Chilton Bruce Sellery Gail Vaz-Oxlade Preet Banerjee Links I Mentioned My book review of Wealthing Like Rabbits My house hunting blog series Podcast episode 4 about travelling on an extreme budget with my friend Stephanie Williams Shownotes: jessicamoorhouse.com/16

2015-09-03 00:00:00

015 Taking Control & Starting Your Own Business - Angela Mastrogiacomo from Muddy Paw PR

Music blogger turned entrepreneur Angela Mastrogiacomo discusses why she chose to follow her passion by starting her own business (Muddy Paw PR) and travelling city to city organizing music industry meetups. Long episode description: I was so excited to talk with Angela Mastrogiacomo for this episode because her story instantly clicked with me. It’s actually kind of cool how I connected with Angela. As you know from listening to my podcast episode with my husband Josh, he’s a freelance audio engineer and a big part of his job is to network in hopes of finding his next gig. Well, he started going to this one industry meet-up called Balanced Breakfast and guess who created the whole darn thing — Angela. He came home after his first meet-up and told me that Angela would make the perfect guest for my podcast. Considering she’s a music blogger and started her own PR company at a very young age, he was bang on the money and I contacted her soon after. In this episode, we talk about a lot of different things but mainly how Angela got the courage to follow her big passion — working in the music industry. Coming from an arts background myself, I know that is no easy task, but Angela is just one of those amazing people who takes those risks because the alternative is not an option. Not only did she start her own company, she’s also trying to change the music industry itself. She’s going city to city to create these industry meet-ups so artists, producers and engineers can network and hopefully create some fruitful relationships. Angela is so freaking cool, you just really need to listen to this episode. We mentioned a few important links in this episode, so here they are below. And of course I gave out a few more shout outs to some very nice iTunes reviewers. Thanks guys! Important Links Angela Mentioned Balanced Breakfast Music Industry Meet-up Infectious Magazine Muddy Paw PR Shownotes: jessicamoorhouse.com/15

2015-08-27 00:00:00

014 Climbing Out of Debt by Living like a Frugalista - Catherine MacLean, Blogger at Plunged in Debt

It's not easy being in debt while supporting a family. Catherine MacLean from Plunged in Debt and I talk about her debt repayment plan, her new frugal lifestyle and what tips and tricks she uses to cut back on spending to balance her budget. Long episode description: In this episode I talk to Catherine MacLean from the personal finance blog Plunged in Debt. From the name of her blog, you can guess what it’s focus is on. Catherine and her husband have a huge amount of debt to pay off, and it hasn’t been easy. On top of that they are a young family with a 3-year-old daughter to provide for. Fortunately, Catherine is one financially savvy lady and writes about all the different ways she’s found to cut back and save on the little things. If you’re in debt and need some motivation to stick to your budget and kick your debt to the curb, you definitely need to check out Catherine’s blog (and listen to our podcast episode). In our conversation, Catherine and I mentioned a few of her most notable blog posts, so here they are below for you to check out. I’ve also given some shout outs to some iTunes reviewers, so check below to see if one of them is you! Blog Posts Catherine Mentioned How I Dress My Kid on a Budget Would You Marry Someone With A Lot of Debt? Financial Success Does Not Start With a Budget What I Gave Up (and Gained) to Reach My Financial Goals No More Babies Until Debt is Gone Shownotes: jessicamoorhouse.com/14

2015-08-20 00:00:00

013 How to Start an Online Side Hustle - Sarah Peterson, Business Coach & Blogger at Unsettle

Sarah Peterson from Unsettle and Suburban Finance and I talk about starting an online side hustle to make extra money or to eventually develop a full-time business. Long episode description: Many of you personal finance blog readers may already know Sarah Peterson from when she ran When Life Gives You Lemons Add Vodka, or maybe you read her current personal finance blog Suburban Finance. Or maybe you know her from her new project Unsettle.org. This girl even has her own podcast! She's everywhere! I've known Sarah for a number of years. I actually met her at the same time I met Liquid Independence almost four years ago. I don't know if I've ever told this story on the blog before, but around that time myself and Sarah and a few other personal finance bloggers in Vancouver decided to meet up in person for the very first time. We coordinated everything over email and I just prayed to God that at least one of them would be normal. It's hard to tell how a person really is just by their online persona, and meeting people off the Internet is still kind of sketchy. Luckily everyone was normal, well as normal as personal finance bloggers can be, and I've kept in touch with Sarah ever since. When I first met her I believe she was just graduating from post-secondary and was about to start her first full-time gig in HR. Well, a lot has happened in Sarah's career since then because she's now a full-time freelancer, business coach and online marketing maven! In this episode I pick her brain about her new life as a solopreneur and what she does to make all of her money online. Whenever I come across someone who has quit their full-time job to start their own business, I'm always in awe of them. In awe because I think it's super courageous to work for yourself, and also because I find it a bit crazy. But Sarah knows her stuff, and even after we finished recording I continued to pick her brain even more over sushi. Don't worry, I paid (it was the least I could do!). Thanks so much Sarah for being on the show, and man do I have a lot of ideas for online products now! Blog Posts Sarah Mentioned 10 Actionable Steps to Discover Your Unique The Ultimate Guide to Selling on Etsy: How I Turned $0.30 into $5,000 in 4 Months The Website Launch Checklist: What to Do One Week Before Launch How to Launch Your Website for Instant Success: The Ultimate Step-by-Step Guide Get a Discount on Your Website Hosting We talked a lot about starting a website on the show, and in order to have a website, you need website hosting. Don't try to do something crazy like me and host it for free via Tumblr. It was one of the biggest blogging mistakes I've ever made and wish I'd never done it. Instead, I suggest you sign up with a hosting company like BlueHost (a hosting service I 100% recommend). And for a limited time, if you use my affiliate link you can get yourself a special discount! Shownotes: jessicamoorhouse.com/13

2015-08-13 00:00:00

012 How to Become a Farm Investor - Liquid Independence, Blogger at Freedom 35 Blog

Liquid Independence, the blogger behind Freedom 35 Blog, and I talk about investing in farmland and his goal to be financially free by 35 years old. Long episode description: When I was in Vancouver in June for my bi-annual visit with the HB, I scheduled some time to talk to one of the first personal finance bloggers I got to know almost 4 years ago. His blogger name is Liquid Independence and he runs the investment blog Freedom 35 Blog. As you can guess from the name of his blog, his vision is to do everything he can to achieve complete financial independence by 35 years old. Not only is that a pretty incredible goal to have (I’m just hoping to save up enough for retirement by 65 personally), but he is super savvy when it comes to property investment. He owns his own condo as well as some farmland in Saskatchewan. In this episode, I discuss with him at length his property investment strategies and what steps you need to take in order to become a farm investor too. Since Liquid’s journey is so interesting, I’ve pulled some of the best and most relevant blog posts of his and listed them below. I’ve also done a bit of research and found some other great resources about investing in farmland in case anyone (like myself) is Googling stuff about it right now. Relevant Blog Posts by Liquid Independence 9 Year Plan to Financial Freedom Frequently Asked Questions About Being a Landlord My New Saskatchewan Farm Farmland Investing Why Invest in Farmland School Drop Out Other Farmland Investing Resources Farmland Investing Explained ebook by Money Talks Articles about Canada farmland by The Huffington Post Article on the restrictions on foreign ownership of agricultural land in Canada by Gowlings Shownotes: jessicamoorhouse.com/12

2015-08-06 00:00:00

011 Life After Debt - Jordann Brown, Blogger at My Alternate Life

Personal finance blogger Jordann Brown from My Alternate Life and I talk about her paying down $38,000 in debt and completely changing her lifestyle to prevent getting into debt ever again. Long episode description: I am so excited to share my episode with Jordann Brown from My Alternate Life. I’ve been following her blog since it started (close to the time I started mine over 3 years ago), so it was so fun to chat with her about her journey. I actually first met Jordann at the Canadian Personal Finance Conference in 2013 and she was just as sweet and friendly in-person as she is on her blog. We also hung out at FinCon 2014 in New Orleans last September, partially because we Canadian bloggers stuck together for a lot of that conference, and partially because Jordann and I are both major introverts who aren’t good at networking in big crowds. What I think is so cool about Jordann’s story is that it’s the same story as a number of millennials out there. She went to university, graduated with a whack of debt, then expected her post-grad life to be relatively smooth sailing. I thought the same way after graduating, expecting a full-time job and an awesome apartment right out the gate. Well, that just isn’t how life goes, especially when you graduate during an economic recession. But instead of just putting her hands up and wallowing in self-pity about her situation, Jordann worked hard at turning everything around. She’s now completely debt-free and living the life she wants. Listen to the episode to find out all the details. Jordann mentioned a few links during our conversation, so here they are below. I also wanted to include links about student debt repayment and forgiveness that may be helpful to any of you who are currently chipping away at your student loans. Note these are resources just for Canadian student loans as I don’t have much experience with student loans in the U.S. or overseas. Maybe that would make for a good future episode though. Any experts out there want to hit me up? Blog posts Jordann mentioned Jordann’s Net Worth Updates How to Pick the Perfect Dog Can I Afford a Dog? My Travel Fund is Full! Jordann’s Helpful Resources Page Helpful Debt Repayment Resources Canada Canada Repayment Assistance Plan Canada Student Loan Forgiveness for Family Doctors and Nurses Canada Student Loan Rehabilitation How to Manage Your Canada Student Loan Debt British Columbia (B.C.) B.C. Completion Grant B.C. Completion Grant for Graduates B.C. Loan Forgiveness Program Alberta Saskatchewan Saskatchewan Student Loan Repayment Manitoba Manitoba Student Loan Repayment and Assistance Ontario Paying Back OSAP OSAP Grants and Loans Quebec Quebec Student Loan Repayment Nova Scotia Nova Scotia Student Loan Forgiveness Program New Brunswick New Brunswick Timely Completion Benefit New Brunswick Tuition Rebate Prince Edward Island (P.E.I.) PEI Student Loan Repayment Assistance Shownotes: jessicamoorhouse.com/11

2015-07-30 00:00:00

010 My Story of Moving Away from My Hometown & Starting Over - Jessica Moorhouse

In this candid episode, I share my experience moving away from my hometown and starting over in a new city, in the hopes of increasing my salary and jump starting my career. Long episode description: I know I mentioned in episode 1 that I wouldn’t be doing any crazy long monologue podcast episodes…but I lied. I’ve blogged about my experience moving away from my hometown and starting over in Toronto, but I just felt like since this is such a big part of who I am now — I needed to do a podcast episode about my experience as well. I mentioned a ton of blog posts in this episode to give you a full timeline and understanding of what went down, so brace yourself for the longest list of blog post links ever! I’m not gonna write too much more, because you really do just need to listen to the episode. I’d love to hear from any of you about your experiences, or make sure to send me your feedback in the form of a Stitcher and iTunes review! I’ll thank you by giving you a shout out and reading your review on a future episode, so thanks in advance! My Trip to Thailand & Budget Breakdown Thailand Travel Tips that Your Guidbook Won’t Tell You Thailand Trip Days 22 and 23: Last Days in Thailand Thailand Trip Days 20 and 21: Panda Fun and Cooking School Thailand Trip Days 17,18 and 19: Doi Suthep and Ben Cocktail Bar Thailand Trip Days 14, 15 and 16: Phuket and the Horror that is Patong Beach Thailand Trip Days 11, 12 and 13: Sunburns and Muay Thai Thailand Trip Days 9 and 10: Ko Lanta is My Favourite Ko Thailand Trip Days 7 and 8: Two Tickets to Paradise Bangkok and Krabi Trip Photos Thailand Trip Days 5 and 6: It Ain’t Called The Grand Palace for Nothing Thailand Trip Days 3 and 4: Cheap Beer and Air-Conditioned Mega Malls Thailand Trip Days 1 and 2: Jet Lag and Breakfast Curry Bye Bye Rainy Vancouver, Hello Sunny Thailand! My Journey from Vancouver to Toronto Celebrating Canada Day in Ontario! What the What? Minnesota & Wisconsin: So Close to TO! Saskatoon & North Dakota: Halfway to Toronto From Vancouver to Edmonton: My Journey to Toronto So Far It’s Not Goodbye, It’s See You Later My New Life in Toronto Career Advice from a Diagnosed Perfectionist Moving to Toronto: The First Year 5 More Unique Things About Toronto 7 Unique Things About Toronto Toronto’s Flash Flood and Learning to Rough It in the Big City I Survived Week One in Toronto: Things Are Looking Up Baby! Jump Starting My Career in Toronto Why I Quit My Job to Get a Raise Switching Careers: My Story When in Doubt…Go Back to School? Shownotes: jessicamoorhouse.com/10

2015-07-23 00:00:00

009 Confessions from a Shopaholic - Michelle Summerfield, Blogger at Budget Bloggess

Michelle Summerfield, from the personal finance blog Budget Bloggess, and I discuss the challenges of managing money after divorce, paying down debt and conquering your inner shopaholic. Long episode description: Michelle from Budget Bloggess was one of the first personal finance bloggers I met when I moved to Toronto over two years ago, so it was inevitable that I would have her on my podcast at some point. If you aren’t already a reader of her blog, I highly suggest it. She is super open about her struggles with debt and shopaholism, which we discuss in-depth in this episode, plus I just love her blog post series about her alter ego — Spenderella. We also got to bond over our frugal dads in this episode, and we even talk a bit about her divorce and how that influenced her debt repayment. Lots of great topics covered in this show I must say! We both mentioned a few of Michelle’s blog posts during this episode, so here they all are. Thanks again for reading and listening, and make sure to check back here next week for episode 10. It’s a particularly special and personal episode all about my experience moving from Vancouver to Toronto. Blog Posts Michelle Mentioned The No Spend Challenge 2015 – 6-Month Check In This Is My Frugal Dad – Lessons in Frugality Ask the Reader: Birthday Gifts – Debt Repayment or A Gift? Things Spenderella Did When I Wasn’t Watching #4 Thou Shalt Not Spend Shownotes: jessicamoorhouse.com/9

2015-07-16 00:00:00

008 From Employee to Self-Employed - Tonya Stumphauzer, Blogger at Budget and the Beach

Money blogger Tonya Stumphauzer from Budget and the Beach and I talk about going from employee to being her own boss in the entertainment industry. Long episode description: As I mentioned at the start of this episode, I was lucky enough to have met Tonya from Budget and the Beach a few years ago when my husband Josh and I were on our honeymoon in California. Both Josh and I were debating where to go for our honeymoon, and since we’d already done the whole Mexico resort thing a few years prior, we decided to fulfill our childhood dreams of going to Disneyland. It was beyond awesome, I’m telling you. It seriously is the happiest place on Earth. Anywho, while we were in California, we were able to meet Tonya for some beer and tacos near Hermosa Beach. Ok, here’s the thing, when I pictured Hermosa Beach I pictured people in bikinis rollerblading along the seawall. What we ended up getting was cold, cloudy weather pretty much the whole time we were there. When I told Tonya this, she broke the harsh news to us that the locals call this time of year “June Gloom” because of the blah weather. I guess I should have done a bit more research before booking those plane tickets. Oh well, we still had an awesome time, even if we didn’t get to go for a swim in the ocean. Ever since that meet-up, Tonya has been one of my all-time favourite American personal finance bloggers. So when I got the idea to start my own podcast, I knew I needed to get Tonya as my first non-Canadian guest. She’s just so personable and honest, and I think it definitely comes across in this episode. Before getting to the blog posts Tonya mentions on the show, I wanted to share the first episode of her Money Stories web series. Just like me with my podcast, Tonya is going beyond her blog to share other people’s money stories and I am absolutely loving it! https://www.youtube.com/watch?v=NGuUbZyQE6g Blog Posts Tonya Mentioned One Step at a Time: Part 1 (a.k.a. Car Trouble on the 405) One Step at a Time: Part 2 Check Out Tonya on Youtube Tonya’s Budget and the Beach Channel Shownotes: jessicamoorhouse.com/8

2015-07-09 00:00:00

007 DIY Investing - Barry Choi, Blogger at Money We Have

Barry Choi, from the investing and travel blog Money We Have, and I talk about DIY investing through index funds and using the Couch Potato method. Long episode description: If you’ve been a reader of my blog throughout these 3 and half years, then you already know that I am by far no expert when it comes to investing. Not for lack of desire, but I guess when it comes to personal finance I just stick to what I’m comfortable with — saving and budgeting. That being said, I know that in order to continue to increase my net worth, I need to do a better job of investing. Right now, I’m justing investing in mutual funds in my RRSP and TFSA, but I definitely want to diversify in the future. That’s where Barry Choi comes in. Barry has been a DIY investor for a number of years and has been writing about his experience on his blog Money We Have as well. Since I really wanted to learn more about his investing strategies, I thought he would be the perfect podcast guest for this episode. We talk about a lot of topics, including how to get started as a DIY investor and how to implement the Couch Potato method of investing, so make sure you check out some of these handy resources Barry mentioned on the show below. As an added bonus, I am also giving away a cop of John Robertson’s investing for beginners book The Value of Simple: A Practical Guide to Taking the Complexity Out of Investing. You may already know John from his blog Holy Potato, but Barry highly praised this book (and gave me a copy to check out), so I’m super pumped to be giving one of you lucky winners a copy too! Resources Barry mentioned: Stop Over-thinking Your Money!: The Five Simple Rules Of Financial Success by Preet Banerjee Wealthing Like Rabbits: An Original Introduction to Personal Finance by Robert Brown The Wealthy Barber Returns by David Chilton Canadian Couch Potato Shownotes: jessicamoorhouse.com/7

2015-07-02 00:00:00

006 Switching Careers & Investing Like a Boss - Bridget Casey, Blogger at Money After Graduation

Bridget Eastgaard (formerly Casey), from the personal finance blog Money After Graduation, and I talk about graduating from post-secondary twice, becoming a dragon (à la Dragons Den) and investing in the stock market like a total boss. Long episode description: Not to say that all the episodes I’ve done up to this point aren’t my favourite, but I’ve got to say that I really loved interviewing Bridget from Money After Graduation. I may add a dash of sass to the personal finance world, but she adds a few cups at least! What I love about Bridget’s personality and her writing style is that she’s real, she’s super smart and she’s downright hilarious. I mean, not many people can make the topics of debt, going back to school and investing in the stock market seem entertaining and fun. In this episode, I start with asking about how Bridget’s childhood influenced her relationship with money, and from there we talk about how she went to university, got into debt, went back to university and essentially became a dragon from Dragon’s Den and a hard-core investor. I just have a feeling that in like 5 years she’s going to be an actual dragon on Dragon’s Den and this episode will be my claim to fame. You go Bridget! I’m counting on you! I mentioned a few resources and blog posts during the show, so here they are below. And remember, if you’d like to leave me a review on iTunes or Stitcher, I’ll give you a special shout out on a future episode! Also, as a continuation on the theme of investing, next week’s episode will feature Barry Choi from Money We Have (who I mention to Bridget on this episode). We’ll be talking about DIY investing and index funds, so make sure you tune in for that! Resources Bridget mentioned The Intelligent Investor: The Definitive Book on Value Investing Investopedia Yahoo Finance Market Watch Money After Graduation Millennial Money Spreadsheets Blog posts I mentioned Who I Am & The Story Behind Money After Graduation Switching Careers: My Story Shownotes: jessicamoorhouse.com/6

2015-06-25 00:00:00

005 Money and Relationships - Christine Nguyen from The Wallet Diet

Christine Nguyen, from the personal finance blog The Wallet Diet, and I share personal stories of how money has impacted our relationships over the years. Long episode description: In this episode, I interview Toronto personal finance blogger Christine Nguyen from The Wallet Diet, and we talk about an awkward yet oh so important topic — money and relationships. Christine is a relatively new blogger to the personal finance community (she just started her blog in the fall of 2014), but I knew I had to interview her because honestly I just really liked her online persona. She seemed like a really cool, genuine gal who would be up for talking about anything related to money — and luckily I was right! What I seriously love about having this podcast is that it gives me the opportunity to have conversations I probably wouldn’t otherwise have with people who are so open and incredibly interesting. I really do hope that by sharing more and more of these episodes it’ll help people think about money in a different way or spark up a conversation between friends or family. Lord knows it’s sparked a lot of conversations with me and my family and friends, that’s for sure! Before sharing some important links I mentioned in the show, I want to thank you all again for supporting this podcast! It’s only in it’s 3rd week now, but I’m seriously floored by the feedback and amount of downloads I’ve received thus far. Remember, if you want to let me know what you think about the show, please leave a review on iTunes and I’ll make sure to give you a special shout out on a future episode. Christine’s blog & new business The Wallet Diet Hostcall AirBnB Hosting Services Blog posts I mentioned Dating Deal Breakers: Money Talks! Love Is Not All You Need: Money Talk Before Marriage Talk Shownotes: jessicamoorhouse.com/5

2015-06-18 00:00:00

004 Travelling on an Extreme Budget - Stephanie Williams, Blogger at Borderline Crazy Blog

I interview Borderline Crazy travel blogger and non-profit general manager Stephanie Williams about how she can afford to travel (and not work) for half the year, every year. Long episode description: As I mentioned in the show notes for episode 3 with Cait Flanders, when I was in Vancouver back in March to visit my family, I took the opportunity to do a few podcast interviews while I was there. Luckily, my good friend Stephanie Williams — who is not a personal finance blogger but rather an uber frugal traveller — so graciously agreed to be on my podcast when I was in town. So, off I went with my backpack full of equipment in tow and we recorded this episode in her apartment in Kitsilano (probably my favourite Vancouver neighbourhood fyi). When I started making a list of people I wanted to interview for my podcast, I knew I needed to have Stephanie on it because her story is seriously amazing. Now, me and Stephanie go way back. All the way back to our university days (she was even instrumental in me getting together with my now husband!). While I was studying film and dreaming of becoming an Oscar-winning director, she was studying geography and making plans to travel Europe after she finished her degree. And she did. She travelled around Europe, and of course got bit by the travel bug big time. Ever since, she’s done these major backpacking trips every year. Seriously, you name the country and she’s probably been there — twice. You may be wondering if she’s an heiress or something, because how could anyone afford to take off half the year every year to travel? No, she’s no heiress (that I know of?), so you’ll just have to listen to the episode to find out how she does it. We mentioned a few links on the show that you may want to check out, and I’m also going to include some links to the blog series I did when I was travelling around Thailand which I mentioned a few times on the show as well. Stephanie’s travel blog & non-profit work Borderline Crazy Blog Better Environmentally Sound Transportation (B.E.S.T.) The Bicycle Valet The Bicycle Valet on Instagram Blog posts I mentioned You Are Never Too Broke to Travel My Trip to The Gambia: An Experience That Changed My Life Travel blog series My Trip to Thailand and How Much It Cost Thailand Travel Tips That Your Guidebook Won’t Tell You Thailand Trip Days 22 and 23: Last Days in Thailand Thailand Trip Days 17, 18 and 19: Doi Suthep and Ben Cocktail Bar Thailand Trip Days 9 and 10: Ko Lanta is My Favourite Ko Thailand Trip Days 5 and 6: It Ain’t Called The Grand Palace for Nothing Thailand Trip Days 1 and 2: Jet Lag and Breakfast Curry Shownotes: jessicamoorhouse.com/4

2015-06-10 13:00:00

003 The Shopping Ban - Cait Flanders from Blonde on a Budget

Cait Flanders from the popular personal finance blog Blonde on a Budget and I talk about her recent debt pay-off, her shopping ban and her new simplistic lifestyle. Long episode description: I really looked forward to having Cait Flanders from Blonde on a Budget on my podcast. I think she was actually one of the first guests I approached to be on the show and she said yes right away (thanks Cait!). Not only is Cait one of my all-time favourite personal finance bloggers, we’ve also become really great friends over the past few years. She is seriously just as genuine in-person as she is on her blog, which is why I think we get along so well. I’m a give it to me (and give it to you) straight kinda gal and Cait is definitely one of the most honest people and bloggers I know. Not many people could write about getting themselves out of debt and embarking on a shopping ban like she does. A bit of background on how this episode came together, I actually recorded it on site in Vancouver. I went to Vancouver in March to visit my family and while I was there I had a bit of free time. So, I asked Cait to come over and we recorded this episode together. I was pretty nervous because this was the first time I’d ever used all of my podcast equipment by myself (I previously relied on my audio engineering husband), but luckily I didn’t mess anything up and it went pretty smoothly. Besides Cait being a friend and a favourite blogger of mine, the big reason I wanted her to share her story on my podcast was because it is so relatable. She racked up a bunch of credit card debt, had to move back in with her parents, then started blogging about her situation as motivation to get out of the hole she dug herself. And she did it, and continues to live a more financially responsible lifestyle which includes a shopping ban and living like a minimalist. We mentioned a few resources on the show, so I wanted to include them below. And if you’re just getting into personal finance and budgeting yourself, I highly recommend checking out Cait’s new Mindful Budgeting Program below. It’s a super handy tool to help you start budgeting with your best foot forward! Mentioned on the show 30-Day Minimalism Challenge Helpful budgeting tools The Mindful Budgeting Program Shownotes: jessicamoorhouse.com/3

2015-06-03 15:00:00

002 The Truth About Freelancing - Josh, Freelance Audio Engineer & My Husband

I interview my husband about life as a solopreneur in the music industry, revealing the hard truth about life as a freelancer. Long episode description: I am so excited about this second podcast episode! Not only is it on a topic that I think many of you are interested in and can relate to (freelancing, solopreneurship, being self-employed, whatever you want to call it), but it gave me a chance to finally prove that my husband (or HB as I’ve previously called him on the blog) is real! I didn’t make him up! He’s an real human being and he was nice enough to be my first podcast guest. On my blog, I’ve mentioned over the years that I’ve always worked a 9 to 5 job, whereas Josh (my totally real husband) has been self-employed since the day I met him 8 years ago. We obviously have very different perspectives on freelancing and working “for the man,” but I think it wasn’t until we cracked open a few beers and hit the record button that we got into a deep conversation about what we really think about it all. That’s what’s so cool about recording these conversations. Without them, I’d have no idea about most of this stuff! For instance, at the end of the episode when Josh tells me about when he was younger and was deathly afraid of public speaking — he’d never told me that before! Sure, I knew he hated doing that kind of stuff when he was younger, but he’d never told me that story before. We’ve been together for 8 years and I had no idea! Isn’t that crazy? I guess no matter how long you’ve known someone, there will always be something to uncover later in life. Since Josh did mention a few go-to resources in the show, I wanted to make sure I included his favourites in these show notes. Just a fyi, Josh is seriously obsessed with Gary Vaynerchuk (in a good way of course). I can’t tell you how many times I’ve come home from work to see him glued to his laptop watching one of Gary’s motivational YouTube videos about entrepreneurship and digital marketing. He’s not really my thing (way too high energy), but I can appreciate the fact that he sounds exactly like Charlie Day from It’s Always Sunny in Philadelphia. Helpful Blogs for Solopreneurs Inc.com Lifehack Time Management Ninja Josh’s New Obsession Ask Gary Vee Shownotes: jessicamoorhouse.com/2

2015-06-03 14:00:00

001 My Personal Finance Journey - Jessica Moorhouse

For the first episode of the Mo' Money Podcast, I delve into my upbringing and later years to explain why I got into the personal finance blogging and podcasting world. Long episode description: If you’re a longtime blog reader of mine, you may have always wondered what I sound like. Sure, you can guess by my writing style and tone, but honestly sometimes I feel like I make way more sense talking than writing. And that is a big part of the reason I wanted to launch a personal finance podcast of my very own. I love writing on this blog, but I think to take my personal brand to the next level, I needed to do something new and different. So, with the help of my audio engineer husband (who I interview for episode 2 of my podcast, check it out!), I went out and bought a few microphones, made some cover art for iTunes and started emailing anyone I knew who had a really cool personal finance story. Since I plan on having a new episode for you every Wednesday, finding new guests is going to be a big job for me. So if you know anyone who has a really interesting money story (or that person is you), please email me! For my first episode of the Mo’ Money Podcast, I’ll be giving you a very personal glimpse into how I grew up and how that influenced my relationship with money over the years. For all of future podcast episodes, I’ll also be writing show notes like this one for each episode to include any extra info, links to any websites or past blog posts I mention in the show and some extra goodies too. Show notes: jessicamoorhouse.com/1

2015-06-03 13:00:00

-
-
(基於 PinQueue 指標)
0 則留言