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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.

Feb 22, 2022

Managing money as a young person with a continuous list of responsibilities can be a challenge. Between living expenses, student loan debt, saving for the future, and wanting to have fun, young people often feel these pressures to keep up financially. This is where Lisa Hannam steps in. Lisa is the Executive Editor of MoneySense and has been a leading force in the success of the financial magazine with her effective financial advice. Today Lisa joins the show to share her motivational tips for anyone wanting to stay on their savings journey.

Listen in as she explains an easy way to start a savings account, as well as the power of using automatic deposits for your investments. You will learn how fluid money can be, an easy way to calculate if you want to spend money on something, and Lisa’s advice for anyone currently getting their financial information from social media.

[People say] that it’s so easy to spend money, but it’s actually just as easy to save it.” - Lisa Hannam

This Week on Young Money:

  • What a day in the life of Lisa looks like.
  • The importance of contributing to your RRSPs.
  • How to easily save money from every paycheck.
  • The power of using automatic deposits.
  • The value of surrounding yourself with people who have similar goals.
  • Why you should spend time learning about finances.
  • How to align your goals with your savings.

Key takeaways:

  1. Pay off your credit cards.
  2. Understand how fluid money is.
  3. Create boundaries around money.
  4. Ask questions.
  5. Do your due diligence.

Connect with Lisa Hannam:

Resources Mentioned:

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