Mo' Money Podcast | Personal Finance With Jessica Moorhouse

I’ve been following Jana Lynch for years ever since she was a fellow personal finance blogger (now she is an editor at DollarSprout). And although we’ve crossed paths a number of times at previous FinCons, this year we finally got to spend some time together and I couldn’t help but feel inspired by her knowledge and passion for educating others about financial abuse. I knew I needed to have her on the show to share what she knew because for whatever reason in my 200+ podcast episodes, not once have I interviewed anyone about the very important topic of financial abuse. But what is financial abuse exactly? According to the Canadian Bankers Association, “Financial abuse occurs when someone tries to take or control what belongs to you for their own benefit, not yours.” Or, as per VeryWellMind, “Financial abuse involves controlling a victim’s ability to acquire, use, and maintain financial resources.” In other words, financial abuse may be hard to see from the outside but it can be just as dangerous and damaging

I met Sandy Yong, author of the soon-to-be-released book The Money Master: Inside Secrets On How to Make Your Money Grow and Stay Safe, about a year ago at the 2018 Canadian Personal Finance Conference. She told me she was working on a book and I soon found out we had very similar personal finance journeys. Having been brought up in a very frugal family, and having finished her business degree during the Great Recession, Sandy worked hard to pay off her student loan and make her way in the corporate world. She soon realized that being frugal was only one part of mastering your money. You also needed to set financial goals, invest wisely and have a clear action plan for all your hard-earned money. That’s what led her to discover personal finance books which eventually inspired her to write her own book to reflect her journey and key things young Canadians should know about managing their money better. In this interview, we touch on what some of those key things are, such as the benefits to passive investing in

This week is Credit Education Week, which is why I don’t just have one, but I’ve got two podcast episodes to share with you! Yesterday, I had Richard Moxley on the show to talk about how to win the credit game (or how to understand and be good at managing credit). For today’s episode, I’m talking to Jay Acharya, Vice President of Card Partnerships and Customer Management at Capital One, because Capital One is the sponsor of Credit Education Week, as well as my upcoming Millennial Money Meetup next week! Every year, there’s a different theme for Credit Education Week. Last year, as you may remember, I had Patrick Ens from Capital One to talk about the theme last year-money mindfulness. This year the theme is #MyMoneyVision, which just means on top of being mindful with your money, it’s important to have a vision for your money. Just like with anything in life, we won’t change any of our habits without a good reason for doing so. We won’t just start working out because we know we should for our health. We need

I think we can all agree, the world of credit and credit scores can sometimes feel like a bit of a mystery. That’s why I’ve got credit expert and author of The Credit Game Richard Moxley on the show to finally make sense of things for all of us. Now, part of the reason there’s a lot of mystery in the credit industry is because the two credit bureaus in Canada, Equifax and TransUnion, aren’t completely transparent and like to keep private a lot of information surrounding how they score consumers when it comes to credit. Luckily, Richard has taken it upon himself to try to find out some of their hidden secrets and test things out so he can help consumers like you and me, and of course share everything he knows in his latest book The Credit Game. For full episode show notes, visit https://jessicamoorhouse.com/213 Learn more about your ad choices. Visit megaphone.fm/adchoices Hosted on Acast. See acast.com/privacy for more information.

Money and mental health, have you ever wondered if there is a connection? Because there absolutely is. And surprisingly, even though this is something I’ve known for a while, and even experienced in my personal life, I’ve never had anyone on the podcast to talk about it with me. Luckily, I know people. Like Melanie Lockert, who was on episode 21 of the podcast all the way back in 2015. A lot has happened since we recorded that episode. She published a book called Dear Debt, moved from Portland to L.A., and founded a women’s financial literacy event called Lola Retreat. She’s also become very well known as not only a debt expert, but also a money and mental health advocate. And that’s what we’re talking about on the show, hopefully to shed some light on a topic not many people are talking about. If you or someone you know is struggling with financial issues, mental health issues, or both, here are some resources we mentioned on the show that you may want to look into for help: Crisis Text Line Open Path Colle

Is couponing still as easy to save money doing as it used to be when people would go shopping with their big coupon binders à la Extreme Couponing? Yup, and honestly couponing is so much easier now than it used to be. That’s what Joanie Demer, co-founder of The Krazy Coupon Lady, explains in this episode of the Mo’ Money Podcast. Because so much has changed in the couponing world, if you really want to save on everyday purchases, you’ve got to learn about the new rules (and chuck out the old ones). Since we’re now living in a very digital world, that’s where you’d start. Sure, you can still get paper coupons and get some savings, but the time and effort may not be worth it. Instead, using apps and browser extensions at check out may be a better way to save money because, well, they take no time and little effort on your part. As mentioned in this episode, here are some ways to get started saving money through coupons and promo codes online: Honey Shopgatr Rakuten The Krazy Coupon Lady Ibotta SnipSnap Visit 

You may not know this about me, but I’m actually a huge introvert that used to be terrible at networking, or heck, even making new friends! I would get anxious, nervous and would never know how to start or end a conversation. But, I knew that networking and being a good conversationalist was a key component to advancing in life. Your network is your net worth as AJ Harbinger says, and since he’s the CEO and co-founder of The Art of Charm…he would know! In this episode, we dive deep into what we all should know about having the right social skills to help us advance in our social lives, relationships and of course career. I know for a fact that because I started practicing and just putting an effort into socializing more, that’s why I’ve now got a fairly large network of friends, acquaintances and work-related connections all over the world. If you know this is something that’s been holding you back from reaching your full potential, luckily this is a learned skill that anyone can master, and you can start tod

Happy Investor Education Month! You may not have that’s what October is…but it is! And that’s why I am currently doing a 5-part video series on my YouTube channel as well as doing a bonus episode for the podcast. For this episode, I’m interviewing Bruno Sandre, Associate Vice President of Client Education at TD Direct Investing. As you can guess from his title, his role is all about improving the financial literacy of TD Direct Investing clients. He doesn’t sell any products, and actually TD Direct Investing can’t try to sway you to do anything when it comes to your investments because they are a discount brokerage. All a discount brokerage can do is provide the tools and platform you need to invest on your own. That being said, they can still provide free and unbiased education to clients, which they do in their Learning Centre which houses a bunch of video courses, masterclasses and webinars. So, since Bruno knows quite a bit about educating people about investing, I wanted to have him on the show to do a d

I read a lot of personal finance books. I also read a lot of niche books on retirement planning. And I’ve gotta say, most of them are so dry it takes me months to finish them. Not Victory Lap Retirement by Mike Drak though. I was given this book (the 1st edition) by Mike’s co-author Jonathan Chevreau at the Canadian Personal Finance Conference a few years ago, and even though it took me until last winter to finally read it…I loved it! I’d say the only other book that I whipped through in record time was Andrew Hallam’s Millionaire Teacher. So, once I finished reading it, on top of telling everyone I know to read it, I made a plan to get Mike on the show. And here is that episode! Mike Drak is a 38-year veteran of the financial services industry, so when he started his victory lap in 2014, he felt compelled to write a book about what he knew on the subject. That and he found that all the retirement books out there only talked about saving up enough for retirement, not what life in retirement actually meant. So

I’m so excited to have the one-and-only Jean Chatzky on the show to talk about women, money and healthcare in the United States. In case you aren’t in the loop, Jean Chatzky is the founder of Her Money Media, an organization that strives to promote financial literacy amongst women. She is also an award-winning editor of NBC Today, and has appears on shows like Oprah, MSNBC, CNN, The View, The Talk just to name a few. She also has her own podcast called HerMoney with Jean Chatzky which has received shout outs from The New York Times, Yahoo Finance and Refinery29. If that wasn’t enough, she is also the best-selling author of 11 books, including her latest book (that I’m doing a book giveaway for) called Women with Money: The Judgement-Free Guide to Creating the Joyful, Less Stressed, Purposeful (and Yes, Rich) Life You Deserve. As you may expect, Jean and I chat about women and money in this episode, since that is a big focus in her writing and her podcast. We also discuss one very important topic that as a Can

This episode is a must a listen because it’s about something we all need to think about. I’m talking about having that important yet awkward conversation with our parents about their financial situation. As we get older, it’s only natural for us to think about the future, and the future of our parents. Although they worry about us as their children, we also worry about them and want to make sure they’ve got everything organized and prepared too. But, we’re still their children, so it’s a weird path to navigate. We want to respect them, but we also want to protect them. Which is why I’ve got Cameron Huddleston on the show to share her insight into this topic. She is an award-winning journalist with more than 17 years of experience writing about personal finance and she also recently wrote the book Mom & Dad, We Need to Talk about this very subject. As she explains in our interview together, she had a personal experience with her mother that inspired her to write this book. Now, I hope her story inspires yo

I'm back! After taking some time off this summer, I am so excited to be back with Season 9 of the Mo' Money Podcast! With 4 years under my belt, I can't believe how much this podcast has evolved...and grown. Over the summer I crossed the 1 million download threshold, and currently I'm at 1.1 million total downloads! That's a ton of amazing people like you listening to the show, how crazy is that!? To kick off season 9 of the podcast, I thought this would be the perfect episode. One thing I hear often from listeners is "I want to work with a financial planner, but who can I trust or how can I find a good one?" If you've listened to several episodes of my show, I am not a fan of going to the bank and working with their advisors because they ARE NOT giving you unbiased advice. They work for the bank, and no matter how they are compensated (salary, commission, both), they are incentivized to sell their bank's financial products first, and advice second. That's why I'm such a big fan of fee-only financial planners

For my final episode of Season 8 of the Mo’ Money Podcast, I’ve got a solo episode for you, and it’s all about answering your investing questions. I get investing questions all the time at events I organize or speak at, via email or even through social media. So, since I just did my Level Up Your Moneyevent with Erin Lowry which included a Q&A (but wasn’t part of the recording we did), I thought I would do an episode focused solely on answering all your most pressing investing questions. Now, as a disclaimer, nothing in this episode should be considered financial or investing advice. Heck, nothing on this website or any content I create should be considered advice. It is simple information, facts and opinion. And when it comes to investing specifically, it’s hard to even give a straight answer. You may have noticed that in the panel discussion recording, and some attendees voiced their frustration. I totally get it, but unfortunately, there’s no such thing as one-size-fits-all investment advice or recomme

For the last interview episode of Season 8, I talk with David Carlson, the founder of Young Adult Money, and the author of Student Debt Solutions. And his book and student debt (and finding solutions to paying it down) are exactly what we chat about in this interview. This is pretty timely too since many students are graduating university with student debt and don’t know where to start in paying it back. If you are a student and are in this situation, just remember you are not alone. So many other new post-grads are in the same exact situation, but that doesn’t mean you shouldn’t take them seriously. The sooner you start paying them back, the sooner you’ll be debt free and can allocate that money towards something much more fun like traveling, buying a home or investing. If you know of a new post-grad freaking out because they’ve got a five or six figure student debt burden looming over them, share this episode with them! Where to Start with Student Debt Student debt is the ultimate obstacle to overcome, but

For this bonus episode of the podcast, I interview Erin Bury, who you may remember from episode 70 of the show. Back then, in 2016, she was the Managing Director at 88 Creative. She’s since switched paths and co-founded the online will-making software Willful with her husband and has recently become the company’s CEO. Since making a will is a very important element in having a complete financial plan, I wanted to have her on the show to shed some light about what the process looks like. I hope this episode inspires you to get a will if you don’t have one too! For full episode show notes, visit https://jessicamoorhouse.com/202 Learn more about your ad choices. Visit megaphone.fm/adchoices Hosted on Acast. See acast.com/privacy for more information.

There’s no point in talking about investing strategies or tips on how to stick to a budget if you don’t like who you are or the direction your life is going in, am I right? Personal finance is important, but being your authentic self and striving to be your best self is something I personally believe you need to work on first, otherwise you won’t have a strong enough reason to be smart and responsible with your money. And that’s why I’ve got Mike Bayer a.k.a. Coach Mike on the podcast. He just came out with his New York Times best-selling book Best Self: Be You Only Better, and you may recognize him from his frequent guest spots on the Dr. Phil show. He joins me to talk about how we can all choose now to take action, start living more authentic lives and moving forward to fulfilling our full potential.  For full episode show notest visit https://jessicamoorhouse.com/201 Learn more about your ad choices. Visit megaphone.fm/adchoices Hosted on Acast. See acast.com/privacy for more information.

If you’re looking for some motivation to set your goals and actually do something about them, then this episode is for you! I interview Natasha Koifman, founder and president of NKPR, one of North America’s top PR and marketing companies, about how she was able to go from young single mom to one of Canada’s most powerful and innovative women. For this episode, we talk about what it means to show up for yourself (and others) and why it’s so important. What it really means, to break it down, is to put yourself forward and not be afraid to take risks or try new things. You only have one life to live, so get out there, take action and achieve your potential! Being Introverted Shouldn’t Stop You from Reaching Your Goals One thing I’ve been noticing lately is a lot of successful entrepreneurs and celebrities even are coming out and sharing that they are introverts. I find that so fascinating because I used to think that introverts were shy and hated things like networking and public speaking. Nope! That is not the

Last Tuesday, I had the pleasure of joining forces with Erin Lowry (author Broke Millennial and Broke Millennial Takes on Investing) in Toronto for a special event we called Level Up Your Money! It was a sold-out event sponsored by TD Direct Investing and was all about how to inspire and educate millennials about how to get started with investing. We were joined by money expert Barry Choi and TD Direct Investing Education Facilitator Diana Stoparic for a panel discussion on the key things we all need to know about getting started with investing. Here is the live recording of our panel discussion, and as promised in this episode I’ll be doing another episode with the Q&A! For full episode show notes visit https://jessicamoorhouse.com/199 Learn more about your ad choices. Visit megaphone.fm/adchoices Hosted on Acast. See acast.com/privacy for more information.

It’s been a few years since I first had Erin Lowry on the show to talk about her first book Broke Millennial (that’s episode 109 if you want to listen), and she’s back with a brand new book called Broke Millennial Takes on Investing! She’s still on her book tour, but we recently teamed up to co-organize our Level Up Your Money Torontoevent last week, and while she was in town I got to do an in-person interview for this episode of the podcast. Since her new book is about investing, but specifically a guide for beginner/millennial investors, that’s what we talk about in-depth in this episode. As we shared, we often get asked investing book recommendations, and there isn’t a whole lot out there as a good starter book. You can find some of mine on my recommendations page, but still many of those books can seem too advanced and thus do more harm than good. Investing shouldn’t feel intimidating or scary, and the only way to feel more comfortable with investing is to educate yourself. It took me several years to fee

I love having repeat guests on the show, especially when it's been years since their last interview with me. For this episode, I have FinancialMentor.com founder and author Todd Tresidder back on the show to talk about his new book The Leverage Equation. If you're a longtime listener, you'll remember him from episode 46 where we talked about his journey of reaching financial independence at 35. For this episode, we talk more about the topics he discusses in his book, namely how to reach financial independence by using leverage. So, what is leverage? It's not a negative word at all! It actually means using different processes and strategies to reach your goals. For instance, we talk a lot about how many investment experts will share how passive investing is the way to go. And although Todd agrees this strategy has merit, he doesn't believe can reach millionaire status quickly by doing this alone. In order to reach financial independence at an early age, you need to take advantage of other asset classes besides