Mo' Money Podcast | Personal Finance With Jessica Moorhouse

What was going to be an interview about how Grant Sabatier, blogger at Millennial Money and new author of Financial Freedom, was able to become a million in only 5 years, sure turned into something quite different! Maybe it’s because I’ve interviewed so many guests on the show about how they’ve reached millionaire status at such a young age, or because Grant majored in Philosophy, but in this episode we dive deep and talk about the “Why” behind wanting to reach financial independence. For Grant, saving up a million dollars meant freedom. All he wanted was freedom. He wanted to be able to dictate his own schedule and essentially not be forced to make life decisions based on the balance in his bank account. I know many other people working towards F.I.R.E. also seek freedom, but for others it’s security or a way of laying a foundation to take more calculated risks in life. What I’d suggest after listening to this episode is to define your financial independence “Why”. So many people think the goal is to become

For this episode of the podcast, I have Devon Fiddler, founder of SheNative, with me to talk about her journey into entrepreneurship and she not only hopes to grow her business, but to empower more indigenous women to become entrepreneurs too. Devon founded SheNative in 2014, and since then has received numerous awards such as the 2015 CBC Future 40 Under 40 designation, 2015 Start-up Canada Young Entrepreneur of the Year Award, the 2016 YWCA Women of Distinction Award Under 29 category and is a top 5 SheEO Venture of 2016. After experiencing her own personal struggles, and seeing other issues in the indigenous community, after graduating with her B.A. in Aboriginal Public Administration from the University of Saskatchewan, Devon started her own business as a way to empower herself and other indigenous women too. Every person in her company is from the indigenous community, and the products she creates also promote messaging of positivity, confidence and pride in the community. To learn more about SheNative a

A topic that I think we millennials all need to focus more on is retirement planning. And the reason I think so is because traditionally retirement planning seemed like something for older generations, and what us younger generations needed to focus on was debt-repayment and homeownership. Listen, I know us millennials have a lot going on, but NOW is the time to start planning for retirement, not when we’re nearing it. That’s why I have Ron Haik, Senior Financial Planner & Regional Manager, Ontario at Nicola Wealth on the show to talk all about how to plan for retirement in Canada and as a millennial. Here are some things we discussed. Where Do You Even Start? A common question I get, because planning for retirement either seems too simple or too complicated. Where you start is determining what your retirement will look like. Everyone’s retirement is different, but essentially you need to answer what kind of life do you want to lead after you’ve finished your full-time career. Retirement may still include

For anyone interested in startups or starting their own business (no matter how big or small), I’ve got an episode for you! For this episode of the Mo’ Money Podcast, I’m joined by Maria Aspan, the editor-at-large of Inc. Magazine and the author of the new book Startup Money Made Easy. Maria has a unique perspective on entrepreneurship because she isn’t sharing her own entrepreneurial journey. She’s sharing what she’s learned by interviewing hundreds of entrepreneurs about their journeys. And what’s really interesting is they all have very different journeys. Sure, they are some similarities and patterns, but in general no story is alike. That’s why there can never be a one-size-fits-all guide to entrepreneurial success. What may skyrocket one person’s business may be the downfall for someone else. In her book, she dives deep about the financial aspects of starting a business, and here are some key things she shared in this episode. Never Invest More Than You’re Willing to Lose You hear stories all the time a

I don’t know why exactly, but lately I’ve been hearing from my millennial clients their big concern about not being able to afford retirement. I’m talking 20 and 30 years olds freaking out because they have no idea how they’ll ever be able to save up $1 million (or most likely more) for retirement, plus pay of their student loans, buy a home, start a family, and just simply live! So, I thought I would bring on a retirement expert who can shed some light on the most important things we all need to know about retirement. My guest for this episode is Larry Swedroe, the author of Your Complete Guide to a Successful and Secure Retirement, as well as the director of research for Buckingham Strategic Wealth and the BAM Alliance. Here are a few things we discussed in this episode. What People Forgot to Plan – What to Do in Retirement Most people focus on the money part. How much do I need? How should I invest to reach that number? Will it be enough? But really, you should start by outlining what you want to do when y

If you’re a long-time listener of the Mo’ Money Podcast, you’ll remember when I had Robin Taub on for episode 32 to talk about her book A Parent’s Guide to Raising Money Smart Kids. Well, that was a few years ago now so I thought it was time to have her back on the show, but to talk about something very different. As I mentioned at the beginning of the show, we bumped into each other at Melissa Leong’s book launch for Happy Go Money and started talking about the different ways both genders think, talk and manage money. It’s a subject that Robin has been researching quite a bit lately, and one that I thought would make for a great conversation on the podcast since gender roles is a fairly hot topic right. As humans, we all deal with money differently from one another. As the saying goes, personal finance is personal so there’s really no such thing as a one-size-fits-all financial solution. But, not only do we deal with money different as individuals, there’s a lot of research to indicate striking differences b

This is by far one of my favourite interviews on the podcast…ever! For this episode, I chat with John David Mann, and award-winning author whose books have sold more than 3 million copies, including titles such as The Go-Giver with Bob Burg and the New York Times bestseller The Red Circlewith Brandon Webb. For his latest book The Latte Factor, which he co-authored with best-selling author and OG personal finance expert David Bach, they discuss the term that Bach coined several years ago in his popular book The Automatic Millionaire. You see, even though pretty much everyone has heard of “the latte factor,” most people don’t really know what it means. Surprisingly, it doesn’t mean you should ditch your morning coffee to save money. It’s actually bigger than that. It’s less about coffee and more about how we all need to spend our money more in line with our values, and how little bits of money over-time can have a major impact on our financial futures. What I loved most about this book is that it’s a very short

Can you believe it’s been almost 4 years since Barry Choi from Money We Have on the show? We’ve been friends for years now, and he was guest number 7! Since so much has happened in our lives since that interview, I needed to have him back on the show now that he works full-time for himself as a personal finance & travel expert. As I mentioned at the beginning of this episode, I’ve done a few unofficial meetups with podcast listeners the past few months, and the feedback I got was to have someone on the show to talk about credit card reward programs and travel tips specifically for Canadians. Well, of course I thought of Barry who is always in the news or on TV sharing his wisdom on how to get the most value out of your credit cards and how to travel on a budget without it feeling like you’re doing budget travel. Here are some great tips and resources he shared on the show. Include Travel in Your Budget If travel is one of your big values in life (it is for me!), then you need to add it as a line item in y

It was one fateful day when a 17-year-old Lesley-Anne Scorgie went viral because of her financial acumen. Not only did she get featured in newspapers across Canada, she also landed a spot on the Oprah Winfrey show because she aspired to become a millionaire by 25 and was well on her way to reaching that goal. As Lesley-Anne says in our interview together, the Oprah effect is real and her short segment on the show catapulted her career into one Canada’s top money experts today, with four books under her belt, regular TV appearances and speaking gigs. Not only that, she launched her own money coaching business called MeVest, and focuses on teaching others how they can take control of their financial future like she did. In this episode, we discuss what inspired her to get into personal finance at such a young age, what she learned from striving towards an aggressive goal in her 20s (spoiler, she wishes she enjoyed her 20s a bit more), and what some of the most common concerns and struggles her money coaching cl

Have you ever heard from someone that if a bank fails (goes bankrupt), you’ll lose all the money you had their? Because that is 100% false! You see, there’s a little thing called the Canada Deposit Insurance Corporation (CDIC) and Brad Evenson, the Director of Communications and Public Affairs of CDIC joins me for this bonus podcast episode to discuss in-depth how all Canadians are protected. For full episode show notes, visit https://jessicamoorhouse.com/187 Learn more about your ad choices. Visit megaphone.fm/adchoices Hosted on Acast. See acast.com/privacy for more information.

For this episode of the show, I interview young entrepreneur Nathan Latka who has released his first book (like…today!). It’s called How to Be a Capitalist Without Any Capital, and it’s his guidebook on how to successfully start a business or side hustle without that much money at the beginning. You see, Nathan has a pretty interesting story. He basically realized that because of the Internet and social media, the possibilities and opportunities for making money were limitless. He’s started many businesses himself, his first being one where he built and sold Facebook pages (back when you could add apps and widgets to Facebook pages). The reason I wanted Nathan on the show was to talk about a very important, though sometimes overlooked, topic of personal finance — making money. So many personal finance books (or experts) give advice assuming you’re an employee at a company and you’re limited by your salary. Well, that doesn’t have to be the case if you don’t want it to be. Just take my personal finance journey

I had Tanja Hester from Our Next Life on the show back in November 2017 for episode 133. Back then, Tanja was still an anonymous blogger who hadn’t yet quit her job yet to retire early with her husband. Well, a few months after we recorded that episode she left her job and has been officially retired ever since! Not only that, she finally revealed her full name on her blog and the news literally went viral, being picked up by MarketWatch. Because of this, Tanja has had a very busy retired life, that includes doing speaking, writing for MarketWatch, and of course publishing her first book Work Optional: Retire Early the Non-Penny-Pinching Way. Since so much has happened with Tanja since that first episode, I wanted to have her back on the show to talk more about what life is like in early retirement, and how you can strategize to retire early too! Retiring Early Isn’t About Opting Out Planning to retire early doesn’t start with the number crunching (or at least it shouldn’t). You need to figure out the “Why” b

I’ve got another repeat guest on the show, who first appeared on the Mo’ Money Podcast this time last year in episode 151 to promote her first book Worry-Free Money. I’m talking about the lovely Shannon Lee Simmons, and she’s back with her second book all about debt called Living Debt-Free. Since her first book was essentially the feel-good personal finance book we were all looking for, Shannon’s second book does the same thing for debt. There are so many negative emotions surrounding debt, such as shame and guilt. Debt is bad right? Well, guess what…real people have debt. And they shouldn’t feel shame or guilt for having it. Shame and guilt aren’t exactly motivators to doing anything, so why would we think making people feel bad about their debt will help them get out of it. Having a Positive Mindset for Debt Repayment Is Key Instead, Shannon shares stories and advice on how to tackle your debt by adopting a new positive mindset and asking yourself some of these helpful questions: What is your debt holding

It’s that time of year again. You know, the time to start thinking of getting your taxes done. Most people dread it, I love it (because I’m a weirdo), but as the saying goes taxes is one of the two certainties in life. To give you a head start this tax season, and to help you change your mindset so you don’t hate it, I’ve got Lisa Zamparo (CPA & founder of The Wellth Company) back on the show. You probably remember her from episode 137 where she joined me to discuss how to be responsible with debt and credit. Well, she’s back and is sharing some amazing tips on how to do some tax time prep like a pro! Also, as Lisa mentioned, if you want to get one of her tax season self-care kits, sign up to work with Lisa before February 21! 4 Steps for Tax Prep Tax prep is super easy, you just need to give yourself some time and know what to do. Here are 4 steps you can take to get prepared like never before! Step 1 – Download my tax prep checklist. Step 2 – Get some stationary, boxes and tools that are pleasing to the

Since it’s launch week for Season 8 of the Mo’ Money Podcast, I’ve got a bonus episode for you! Last season, CoPower sponsored my podcast. So, I thought it would be fun to bring on Trish Nixon, Managing Director & Head of Capital of CoPower, to discuss impact investing with me. You may or may not have heard about impact investing before, but that could be because it goes by so many different names: socially responsible investing, green investing, sustainable investing, ethical investing (you get the picture). No matter what the name, what this episode is about is being a more mindful and conscious investor. You see, with every dollar you invest you are saying you want the companies you’re investing in to become more profitable and successful. There’s nothing wrong with that…unless the companies you’re investing in aren’t actually very ethical or don’t align with your personal values. That’s why we need to be more aware of what companies are in our mutual funds or ETFs. We need to see if there’s something

Welcome to Season 8 of the Mo’ Money Podcast y’all! I know, I know…where have I been? For the past 3 years I’ve always started a new season of the show the first week of January. Well, to tell you the truth, I only had this episode recorded before I took off to Vancouver to enjoy Christmas with my family. In other words, I wasn’t ready! And I didn’t just want to put a season together quick, I wanted to make sure this season is one of my best yet! I believe it is, starting with having the amazing Melissa Leong on the show for my first episode. You probably are already familiar with Melissa. She was my favourite financial journalist at the Financial Post for years, then transitioned into an entrepreneur herself as a speaker, host, TV personality on The Social and now personal finance author with her new book Happy Go Money. This book has been a decade in the works because although Melissa shares some great advice and research in it, it is also very personal. What inspired this book was her husband’s depression

For my 5th Millennial Money Meetup (and my only event for 2018), I hosted the event in downtown Toronto selling out tickets in only a few weeks to 50 attendees. This event was sponsored by the Financial Services Commission of Ontario (FSCO) to celebrate Financial Literacy Month. I was joined by technical consultant and pensions expert Tim Thomson of FSCO, and we dived deep into the topics of retirement planning and pensions in Canada. This is the live recording of Tim and I’s discussion on the subject, but as we’ve mentioned throughout the event, make sure to learn more at fsco.gov.on.ca/retirement. For full episode show notes visit https://jessicamoorhouse.com/180 Learn more about your ad choices. Visit megaphone.fm/adchoices Hosted on Acast. See acast.com/privacy for more information.

Well, we’re almost at the end of another podcast season! Just like last year, for my second to last episode I wanted to do a special solo episode. I wanted to just chat one-on-one with you about some of the things I’ve been up to and have realized this year. Then, I wanted share some of the biggest money takeaways from both Season 6 and 7 of the Mo’ Money Podcast. My Personal Realizations from 2018 Let’s first start with some of my personal realizations this year. This year has been truly amazing. I’ll do a longer blog post closer to the end of the year really reflecting on all that happened, but two keys things I’ve realized this year: my mission/purpose is to help others, and the only way to do that is to talk to real people like you (meaning, don’t get stuck in my little personal finance bubble). Going back to when I was a missionary in Africa at 18 (you can learn more in Ep. 20), I’ve been looking for a way to have a career that isn’t just personally meaningful, but also impactful on other people’s lives

For this episode I chat with Brynne Conroy, the blogger behind Femme Frugality and the new author of The Feminist Financial Handbook, about women, money, the wage gap, financial confidence and what we can all do as a society to make the future a more financially equal one. Long description: I hope you’re ready for a deep dive into women, oppression, victim blaming, leaning in, financial confidence and the wage gap, because that’s exactly what my next guest and I discuss for this episode of the Mo’ Money Podcast. I’m joined by Brynne Conroy, the blogger behind Femme Frugality and the new author of The Feminist Financial Handbook. And as you can guess from the title of her book, instead of writing another how-to finance book, Brynne decided to look at some of the big problems women face when it comes to finance and what we can do about it. I love this interview so much (as you can tell from my many tangents), because I obviously can relate a ton to the content of Brynne’s book. I’m a woman, and growing up I had

I don't know how I've had this podcast for over 3 years and haven't had one of the OG Canadian personal finance bloggers on the show yet, but here he is! The one and only Tom Drake, blogger and podcaster at Maple Money! He's been in the game for almost 10 years, and he's dropping all types of knowledge bombs in this podcast on investing, making money and budget like a pro! Long description: My next guest was supposed to be on my podcast 3 years ago! That’s when myself and Tom Drake from Maple Money first talked about him getting on my show. Well, I don’t know what happened, but at least I got my act together and finally got him on the show. And honestly, he was worth the wait! A lot has changed for Tom in the past 3 years. He has been blogging for almost a decade, and recently rebranded his blog to Maple Money and started his own podcast called the Maple Money Show. As I mention at the beginning of this episode, Tom is literally the nicest guy. Which could be why he’s one of my personal favourite finance blog