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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. EP124 Adulting 101: How to Stick Up for Your Consumer Rights with Ellen Roseman

EP124 Adulting 101: How to Stick Up for Your Consumer Rights with Ellen Roseman

Jan 30, 2020

Ellen Roseman is a Consumer Advocacy and Personal Finance journalist who is passionate about standing up for ordinary Canadians and being a champion for consumers to fight back against consumer injustices. As a public speaker and author, she has presented keynote speeches and written multiple books on consumer injustice topics. Her latest book, Fight Back: 81 Ways to Help You Save Money and Protect Yourself from Corporate Trickery, shares money-saving tips and advice from leading consumer advocates in Canada. Additionally, Ellen is the co-chair of the investor advocacy group, FAIR Canada, and the co-host of the monthly Moneysaver podcast. She regularly teaches courses on personal finance and investing at the University of Toronto, School of Continuing Studies.

 

Ellen joins me today to share how to stick up for your consumer rights and leverage loyalty to negotiate better deals. She highlights the advantages of joining investing communities and clubs as well as resources for improving your financial acumen. She explains how to use social media to fight for your rights as a consumer and the difference amongst various investments. Ellen shares opportunities for young people to start investing and why she believes exchange-traded funds (ETFs) and robo-advisors are one of the best ways to start investing.




“Consider every transaction as a negotiation transaction using your own loyalty.” - Ellen Roseman




This Week on Young Money:

 

  • Investor communities on social media
  • The advantages of low-cost investing
  • The benefits of being a career specialist over a generalist
  • How to use social media to fight for your consumer rights
  • Why ETFs and robo-advisors are a great way to start investing
  • The secret to creating wealth and dividend reinvestment (DRIP)
  • Tips for consumers to save money through negotiating a better deal
  • Financial tips for future entrepreneurs
  • Why regular talks about money with your spouse are vital
  • Why you should join or create a money-advice club



Key takeaways:

 

  1. Build up your investment knowledge
  2. Be a smart consumer and save money
  3. Don't be scared of money and open communication lines



Resources Mentioned:

 



Connect with Ellen Roseman:

 





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