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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. EP280 Sports Betting: Gambling or Entertainment?

EP280 Sports Betting: Gambling or Entertainment?

Jan 31, 2023

Online sports betting has seen a significant expansion in recent years, and it seems as though you can’t watch a sports game without seeing an advertisement promoting a gambling app or website. Online sports betting allows people to place bets on a wide variety of sports events using their smartphones or computers, rather than having to go to a physical casino or racetrack. Those with a gambling addiction may find it easier to access and spend more money on sports betting online than in physical settings. So, in this episode, I will shine a light on online sports betting—its expansion, who is doing it, and the potential harms that can come from it.

Listen in as I explain who is most at risk for problem gambling and addictions, as well as what you should do if you are seeing gambling problems pop up in your life. You will learn how to change your habits, the importance of increasing your dialogue on the subject with friends or family, and why we should take the time to check in on our loved ones who may have gambling problems.

“Research has suggested that sports bettors have twice as high of a problem gambling rate than gamblers in general.” - Tracey Bissett

This Week on Young Money:

  • How online sports betting can be problematic.
  • Why I do not think online betting advertisements should be as plentiful.
  • Who is at risk for problem gambling.
  • What to do if you’re seeing problem gambling pop up in your life.
  • The importance of finding healthy habits.

Key takeaways:

  1. Ask for help if you’re experiencing gambling problems.
  2. Keep an eye on your gambling habits.
  3. Increase dialogue on gambling with loved ones.
  4. Check in on loved ones who may have gambling problems.

Resources Mentioned:

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