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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.

Nov 15, 2022

We are living in a time of high inflation and increasing interest rates, leading to many companies cutting previously secure jobs. It is beginning to be harder to make ends meet as our income no longer goes as far as it used to. If you are like many people carrying variable-rate debt, your payments are taking up more and more of your budget than before. Due to this current state of the world, I wanted to review some interviews we’ve previously had on the show where our guests have shared some fantastic advice that can help you navigate these uncertain times.

Listen in as Erin Skye Kelly explains the importance of reviewing your budget, understanding how your budget and net worth work together, and taking action every day—regardless of how small it may seem. You will learn tips for those dealing with bankruptcy, what it means to work with a licensed insolvency trustee, and common misconceptions about consumer proposals and bankruptcies.

“Pay attention to how your budget and your net worth work together.” - Erin Skye Kelly

This Week on Young Money:

  • The importance of asking for help with finances whenever you feel unsure.
  • Common issues that people face when it comes to finances.
  • Why you shouldn’t fear taking action.
  • The importance of paying attention to how your budget and your net worth work together.
  • What it means to work with a licensed insolvency trustee.
  • Common misconceptions about consumer proposals and bankruptcies.

Key takeaways:

  1. Don’t be intimated by financial books.
  2. Take small actions every single day.
  3. Find what works for you when reviewing your budget.
  4. Get rid of your debt.

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