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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. EP069 How to be Financially Resilient with Jackie Porter

EP069 How to be Financially Resilient with Jackie Porter

Feb 12, 2019

Jackie Porter is one of Canada’s most recognized, award-winning financial planners, the founder of Ask Jackie, and the co-author of Single by Choice or Chance: The smart woman’s guide to living longer, better. She has worked in the financial services industry for nearly 20 years, serving thousands of families, businesses, and professionals in the Greater Toronto Area. She has been featured in various publications including Wealth Professionals, Investment Executive, Forum, and The Globe & Mail and has shared actionable, easy-to-understand advice at business conferences as well as on TV, radio, and through the podcast medium.

 

Jackie joins me today to discuss the importance of financial resiliency and how you can put a plan in place to become financially resilient. She discusses the uncertainty and disruptiveness of modern times and explains how you can put a financial plan in place to prepare for the unexpected. She also explains the importance of living below your means, developing a savings plan, and why people should plan for future events, such as starting a family and getting married.



“Expect uncertainty; expect disruption and build a fortress around your finances so you can be more equipped to deal with life’s setbacks.” - Jackie Porter



This Week on Young Money:

 

  • How Jackie helps people understand their finances.
  • The meaning of financial resilience and why it is essential to be prepared for disruption and uncertainty.
  • How to build a fortress around your fortune and make the most of the resources you have.
  • Strategies to improve your financial resiliency.
  • Why it is crucial for women to review their finances and plan for retirement.
  • Why you should live below your means and include a savings element in your financial plan.
  • Common myths and misconceptions regarding financial resilience.
  • Why you should consider the best-case and worst-case scenarios when creating your financial plan.


Key takeaways:

 

  1. Be prepared for uncertainty.
  2. Think bigger and think long term.
  3. Pay attention to the financials of the company that employs you.
  4. Live below your means.
  5. Be a keen observer of what is going on and take responsibility.
  6. Spend money on what you value.


Resources Mentioned:

 


Connect with Jackie Porter:

 




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