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This is the stuff you millionaires in the making need to know to kick start or propel you on your financial fitness journey. Tracey Bissett, Founder of Bissett Financial Fitness and award winning Financial Literacy Champion, gives you the straight goods each week to set yourself up for financial success. As a former executive at TD Bank, one of Canada's Big 5 Banks, Tracey has worked with and in support of thousands of individuals and entrepreneurs to secure the financing they needed.  This hands on experience combined with her formal financial education, Masters of Business Administration and Chartered Financial Analyst designation, position Tracey uniquely to coach all things money. Tracey goes behind-the-scenes of all the money matters with need-to-know tips, money-making demystified, and special power-player interviews. Join us weekly for Financial Fitness Training that will turn even a Cash Couch Potato into a Marathon Money Maker.

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  2. EP058 Invest in Your Financial Well-Being - Financial Literacy Month 2018

EP058 Invest in Your Financial Well-Being - Financial Literacy Month 2018

Nov 20, 2018

Many people struggle to deal with financial planning and debt, leading to high levels of stress and anxiety. Struggling with your finances can affect all parts of your life, and it can be hard to reach your life goals when you are dealing with such a burden.  If financial planning or debt is affecting you, then you are not alone. Canadians have more debt than ever before, and half of all Canadians couldn’t meet their financial obligations if their paycheck were delayed by even one week.

 

November is Financial Literacy Month in Canada. On today’s episode, I discuss how The Financial Consumer Agency of Canada(FCAC) is raising awareness and educating people so that they can increase their financial acumen. I share my thoughts on the fundamental life skill that you need and how creating an effective financial plan can help you get out of debt. I also reveal how you can begin to invest in your financial well-being, make a budget, and start a savings plan.

 

“When you understand what’s important to do, how you are doing it, and how to move ahead - you can tackle anything.” - Tracey Bissett


This Week on Young Money:

 

  • What it means to invest in your financial well-being.
  • Creating a plan to pay off your debt.
  • How to make informed financial decisions.
  • Why you should start good habits early.
  • How to take control of your finances.
  • What having a plan to reduce your debt means.
  • My financial values and what motivated me to make money.
  • Strategies I used to make money at an early age.


How to take control of your finances:

 

  1. Invest in your financial well-being and have control over your week to week and month to month finances.
  2. Have a plan to pay off debt.
  3. Make informed decisions.
  4. Start good habits early - seize the day.
  5. Take control of your finances - be courageous and take that first step.


Resources Mentioned:

 



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