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.

  1. All Episodes
  2. EP288 Adulting 101: No Easy Way to Get Rich Quick

EP288 Adulting 101: No Easy Way to Get Rich Quick

Apr 4, 2023

There is no easy way to get rich quick. It's tempting to believe that there is, especially with all the stories you hear on the news and on social media. But the truth is, we need to be cautious and realistic about our financial situations. We can't fall for every offer or post we see on social media that promises easy money. So, in this episode, I want to get back to basics and share some tips on how we can start taking control of our financial situations.

Listen in as I recap some of the key lessons from our previous episode on getting back to basics and share some additional tips on how to establish financial fitness routines, review expenses, and understand retirement-saving options. I promise you that these are simple yet effective steps that can make a significant impact on your financial well-being. Remember: small, imperfect actions are better than no action at all, so don't forget to make a date in your calendar to take one small step toward your financial fitness goals.

“Let’s get back to paying attention, taking accountability, and being disciplined with our actions when it comes to our finances.” - Tracey Bissett

This Week on Young Money:

  • Why there is no easy way to get rich quick.
  • The importance of being aware of social media posts promising quick and easy money.
  • Why every financial opportunity needs to be assessed to determine its fit for you and your financial situation.
  • Why it's crucial to review your expenses, understand your retirement savings options, and establish financial fitness routines.
  • How to reach your goals without overhauling your life.
  • How to ensure you're advancing in your financial fitness.

Key takeaways:

  1. Get back to basics with your finances.
  2. Review your expenses.
  3. Don’t fall for social media “get rich quick” schemes.
  4. Take accountability.
  5. Take small, imperfect steps.
  6. Block out time for financial fitness.
 

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! 

Follow 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.