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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.

Dec 11, 2018

The Young Money Podcast is one year old, and the feedback and reviews I’ve received from my listeners have truly been heartwarming. Over the last year, it has been my privilege to help young millionaires-in-the-making demystify personal finance concepts and learn strategies to become financially fit through the stories, insights, and successful entrepreneurs we have featured on the show.

 

On today’s special episode, I answer some of your most pressing questions on money and finance. I explain the difference between government and non-government student debt, why you should not comingle these types of debt, and strategies you can use to evaluate and consolidate your debt. I explain how university students can still apply for scholarships, even after they’ve started their post-secondary education. I also share what you should consider when taking out a line of credit and how some outstanding lines of credit can impact your ability to qualify for certain loans.

 


“Certainly, when you graduate school - whether it’s college, university, whatever it may be - you want to do an evaluation of how much debt that you do have.” - Tracey Bissett



This Week on Young Money:

 

  • Why you should not comingle government debts, like OSAP, with non-government debt from financial institutions.
  • The types of scholarships post-secondary students can apply for and how they differ from those you apply for before entering a post-secondary school.
  • What to consider regarding lines of credit.
  • How an outstanding line of credit could impact your ability to qualify for certain loans.
  • Best practices for consolidating debt and how to determine when to cancel your line of credit.



Resources Mentioned:

 




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