Preview Mode Links will not work in preview mode

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.

May 26, 2020

Are you being thoughtful with your spending, or are you mindlessly shopping on your phone or computer? With social distancing still in full force, the isolation is starting to get to many of us, and you may feel as though you are spending less because you are not going out and doing as much as before. But in this episode, I want to challenge this assumption and discuss the ways you may be overspending through this pandemic.

As an advocate of financial fitness, I want everyone and their businesses to come out of this crisis as strong as possible. Listen in as I share how you can avoid derailing your progress toward your goals by asking yourself one simple question before making any purchases. If you are prepared to start thinking of your future self instead of only thinking about what makes you happy now, this is the episode for you.

Think about your future self and what will be best for them versus what will make you happy in the moment.” - Tracey Bissett


This Week on Young Money:

  • The ways you may be mindlessly spending.
  • Why it's important to think of your future self.
  • Whether debt levels are growing during the pandemic.
  • The simple question you need to ask yourself before every purchase.


Key takeaways:

  1. Why you need to think of your future self.
  2. How to avoid mindless spending.
  3. The importance of agility.


Join Tracey Bissett for the Cash Control Bootcamp:

Registration is now open for the Cash Control Bootcamp hereThe Cash Control Bootcamp is an introductory live,  4 week online group program that empowers entrepreneurs just like you to demystify your business finances and get control of your money so you can sleep better and provide the lifestyle you want for you and your family. The Cash Control Bootcamp - Know Your Numbers, Protect your Business and Grow for the Future, is for you. Register here today!


Resources Mentioned:


Rate, Share & Inspire Other Young Millionaires-in-the-Making 

Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts.


Don’t forget to share your favorite episodes on social media! 


Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.