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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. EP243 Money Myths

EP243 Money Myths

Apr 26, 2022

We often tell ourselves stories to excuse the wrong-doings that we allow to happen in our finances. These limiting beliefs that we have, or excuses we create, can end up hurting our financial situation long-term if we don’t shift our mindset. So, how can we avoid falling into these traps? In this episode, I will be sharing the most common money myths that I see and explaining what you can do if you believe any of them to be true.

Listen in as I explain why you don't have to be good at math in order to take care of your finances and why even the smallest of steps taken towards educating yourself about your finances can make a difference. You will learn why it is important to start investing from a young age, why you don’t necessarily have to pay off your debt before investing, and how you can become involved in investing with little money.

“Nobody cares more about your life than you, so it’s time to step up.” - Tracey Bissett

This Week on Young Money:

  • The importance of investing.
  • Why you should start saving for retirement even if you are still young.
  • Common money myths you need to stop telling yourself.
  • Why you should always have an emergency fund in place.
  • What “good debt” is.
  • The benefit of evaluating your debt situation often.

Key takeaways:

  • Save for retirement.
  • Invest your money.
  • Take small steps towards financial fitness.
  • Educate yourself.
  • Evaluate your money mindset.

Resources Mentioned:

 

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