Mo' Money Podcast | Personal Finance With Jessica Moorhouse

For my season ending solo episode, I share my thoughts on making it to the one-year mark of entrepreneurship, what I’ve been up to & how I’ve grown these past 12 months Long description: To wrap up Season 5 of the Mo’ Money Podcast, I thought it would be a good opportunity to do another solo episode to share my reflection of the past year. A ton has happened these past 12 months, so much so that even though I spewed my guts for 40 minutes in this episode, there was still so much I didn’t share. But I think my overall sentiments on the year got across. To think back to where I was this time last year, honestly, it’s like night and day. This time last year I was stressed, burnt out, and frustrated. My life was going in a direction I didn’t like, and I knew the only way to get back on a path that felt right, I needed to make a drastic change. Even though I thought I was prepared before quitting my job to work for myself, looking back I really was taking a huge risk. I didn’t have a business plan, I just had

Don't think of want to earn more money as being greedy. Think of it as a way to help you help others. I talk about the idea that it's okay to be "money hungry" with the goal of being able to serve others and live your best life with blogger and podcaster Michelle Jackson of Michelle Is Money Hungry in this last podcast interview episode for Season 5 of the Mo' Money Podcast. Long description:  Before I recorded this episode, I’d only met Michelle Jackson from Michelle Is Money Hungry a few time at past FinCon conferences. But the few times we did meet, we immediately hit it off. Michelle just has a special energy and light that I couldn’t forget, and because she is all about earning money these days, and that’s what the theme for this season has been about, I knew she would make the perfect guest for my last interview for Season 5 of the show. The reason I gave this episode the title “Making Life Changing Money” is because it’s one of the things Michelle mentioned at the start of this episode that I couldn’t

I talk with Jesse Gernigin from LiveGoldRich about how we went from comedic hypnotist to freelance copywriter, how he learned to ask for his worth and how he budgets with a variable income. Long description: For this episode, I chat with Jesse Gernigin from LiveGoldRich and the founder of the Freelancer Success Summit. He has a really interesting perspective on freelancing because he calls himself a bit of a serial entrepreneur. He started out as an entertainer, a comedic hypnotist to be specific, and then started a few other businesses after that, and eventually became a full-time freelance copywriter which now earns him a comfortable living. In my experience, I’ve found that when people think of freelancers, they think of people who are always trying to drum up business, are undercutting other freelancers to win clients, and are always struggling a bit financially. I have no idea where this perception comes from, but it’s something I used to believe before I started my side hustle and eventually became self

Retiring early isn't just for the privileged and doesn't have to be a daydream you refer at your 9 to 5 grind. You can actually retire if you have a plan to get you there, and Tanja from Our Next Life shares how her and her husband were able to do it. Long description: Ever since I connected with Tanja from Our Next Life about a year ago, I was waiting for the opportunity to have her on my show. But for most of the year she was an anonymous blogger. You see, she was waiting to reveal herself until she was able to hand in her notice at her job so her and her husband could retire early. Well, she’s handed in her notice and is set to officially retire early this January. I know, I know, this sounds like a dream most of us have had while putting in those long hours at our day jobs. But what’s awesome about my interview with Tanja is she discusses how her and her husband were able to do it. And they didn’t go to any extremes to reach their goal. They didn’t sell all their things or sacrifice their present happin

Are you getting the most out of your credit cards? It might be time to take a good look at them and check to see if they are really the best on the market. Just take it from Stephen Weyman, blogger at HowtoSaveMoney.ca and founder of CreditCardGenius.ca who knows how to optimize your credit cards, get free trips using points and figuring out a great formula to see which cards need to be ditched and which cards you should consider replacing them with. Long description: If you’re curious how to get the most out of your credit cards, what the deal is with credit card churning, and how to protect and improve your credit score, this is the episode for you. I talk to Stephen Weyman, the blogger behind How to Save Money and the founder of the new credit card comparison site CreditCardGenius.ca, all about credit cards and he definitely proves that he has a wealth of knowledge on the subject. The fact that he was inspired to develop Credit Card Genius because he had a massive Excel spreadsheet of data on credit card

What's your money mindset and how does it affect how you perceive building wealth? I chat with Kelley Keehn about this and more in this episode. Long description: Personal finance expert and author Kelley Keehn chatted with me for this fabulous episode of the podcast, and I couldn’t be happier! I love that her mission is to make people feel good about money! Just like she said in our episode, when people feel good about their money, they are better people and thrive in other areas of their lives. I wholeheartedly agree. When you feel confident in your finances, you feel confident in your life. You start making better and longer-term decisions, instead of decisions based on survival or the immediate future. We also go a bit deeper in our interview and talk about the different money mindsets people have. Like how they can either help you build wealth and live a life you want, or they can impede you from experiencing your full potential. I know that my money mindset has evolved over the years, and that’s the a

I chat with podcast listener Alexis Kienlen about how she empowered herself by ending the mystery banking cycle & teaching herself about money management. Long description: This is why I love when podcast listeners reach out to me to be part of my Listener Series. Because sometimes they end with me saying that it felt like chatting with a friend I hadn’t talked to in a while. My listeners are amazing! Anywho, this interview is particularly timely as November is Financial Literacy Month and my guest Alexis Kienlen shared how learning about personal finance changed her life for the better. Like many millennials, she graduated hoping to follow her dreams and become a journalist. But, things have changed and it’s not as easy to earn a living and work in journalism. Realizing that she didn’t want to be broke anymore, she started reading blogs, listening to podcasts, reading The Globe and Mail and even reading Personal Finance for Dummies. Now, she feels so much more in control of her life and her future, and i

Is it possible to earn money on your investments without sacrificing your ethics? Tim Nash, investing coach and the blogger behind The Sustainable Economist explains why yes, you can! Long description: As I mentioned in the episode, I first got to know Tim Nash (a.k.a. The Sustainable Economist) back in the spring when he invited me to his Good Investment Fair. So when I went to the fair, it really did open my eyes to a whole new world of investing. You don’t just have to buy funds that you think will perform well, you can do that and stay true to your values. And if Tim can help a couple create a totally vegan investing portfolio, then anyone can create a portfolio that speaks to them and what they stand for. I definitely know that I’m going to have to take a good look at my portfolios and see if there’s anything in there I don’t feel good about. Luckily, more and more robo-advisors are starting to offer portfolios that are more eco-friendly and socially responsible, so that’s definitely a sign that Tim is

At FinCon 2017, I had the pleasure of sitting down with my three of my favourite Canadian personal finance bloggers: Desirae Odjick from Half Banked, Andrew Daniel from Family Money Plan and Bob Lai from Tawcan. This episode was recorded live on the last day of the conference, and has us chatting about their experience at the conference and what takeaways they'll be leaving with, their thoughts on blogging and everything in between. Learn more about your ad choices. Visit megaphone.fm/adchoices Hosted on Acast. See acast.com/privacy for more information.

For this Listener Series episode, I chat with Tracy Ma about how built her real estate empire despite her coming from humble beginnings. Long description: I love these Listener Series episodes, because I get to chat with super inspirational podcast listeners like Tracy Ma who has built a stellar real estate portfolio over the past decade (and is sharing how the heck she did it). First off, I love Tracy’s story because she is evidence that you do not need to come from money to get into the real estate game. As she put it, she had a fairly rough upbringing. Her family was poor, so she knew that in order to change her financial situation, she’d need to work hard and be strategic in terms making her money grow. She was eventually led to real estate investing, and now owns a number of properties in Canada earning her passive income. That all being said, she does caution anyone listening that real estate investing isn’t for everyone. There is a ton of risk involved, it can be very time consuming and you really do

He wasn’t fulfilled in his life or career, so instead of complaining and wishing he had better luck, John Lee Dumas did something about it…which turned into a multi-million dollar a year business now known around the world as Entrepreneurs on Fire. Long description:  This is a pretty big moment for me because ever since I started the Mo’ Money Podcast back in June 2015, John Lee Dumas was one guess I aspired to get on my show. Fast-forward 2 years and over 100 episodes and I got him! So, why did I want to get him on the show so badly? Because he was actually one of the inspirations for me starting my podcast. When I got the idea to start a podcast, I immediately starting researching online and fairly quickly he popped up. He had (and still has) a very successful podcast called Entrepreneurs on Fire, and he also had a free course on how to start a podcast. I took the course and it really helped me start things off on the right foot. Honestly, if I hadn’t taken his free course, I know I would have made all th

If you want to avoid 5-figures in student debt by going to university, ever considered going to a trade school instead? I talk with Sylvia about how she went the nontraditional route for her career and why it was the best decision she could have ever made. Long description: The stats on student debt in Canada and the US are staggering. More and more young people are graduating with degrees in hand and 5-figures in debt to pay off. And sometimes that debt-burden will take them decades to pay off. Here’s the thing…going to university and sticking with the traditional route of getting a degree to start your career isn’t the only way. For this Listener Series episode, I talk with Sylvia Bourgeois about her decision to not go to university but go to a trade school instead. Instead of spending 4 years earning a degree with a boatload of debt to pay off after (not to mention grim job prospects), she was able to graduate her technical school debt-free, find a job soon after and start earning a decent income that woul

I talk with the guy who wrote the book on side hustles (literally), Chris Guillebeau, author of Side Hustle: Idea to Income in 27 Days, who shares his tips on how to start and master your side hustle to take your finances to the next level. Long description: I had the pleasure of chatting with side hustle master and best-selling author Chris Guillebeau from Side Hustle School for this episode, and it’s honestly one of my favourites.  If you know me, then you know I am all about the side hustle. It could because I’m just another typical millennial who needs to earn more to afford $10 bottles of organic juice and my expensive Uber habit (sarcasm, if you didn’t get that), but it’s actually because things have changed a lot since the last generation. It’s not longer possible to stick with a job for 40 years and retire with a cushy pension. Now, if you want to be able to afford to live in an expensive city (and actually enjoy city living), travel, save up to buy a home and invest for your retirement, most likely

Thinking of jumping into the housing market? There's a lot to know and even more pressure to make a good decision (it is the biggest purchase of your life after all). I talk with Penelope Graham, Managing Editor of Zoocasa to find out what potential home buyers should know before buying their first place. Long description: If you have some questions about the home buying process, my guest Penelope Graham, Managing Editor for Zoocasa, has the answers! Penelope was actually one of the panelists for my Millennial Money Meetup #2 in May 2017, and the focus for that event was homeownership and renting vs. buying. She was one of the top voted panelists by attendees, so I knew I needed to bring her on the show to share her wisdom. Having bought my first place just a year ago, I still remember all the stress, research and more stress that went into finally signing on the dotted line. Toronto is a hot market, so I knew I needed to be prepared and not take this home buying process lightly. Now that that’s behind me, I

There’s a new way to get rid of stuff you want to get stuff you need, and I chat with Eli Klein, Manager, Publicity & Partnerships at Bunz all about it. Long description: The first time I heard about Bunz, I thought it was a really intriguing concept. Instead of being a copy of Kijiji or Craigslist where you trade your used goods for money, Bunz was taking it really old-school by being a platform all about trading goods for goods. The last time I heard about something like this, Hudson’s Bay was a fur trader, not a big department store. The more digging I did, the more I fell in love with what Bunz is all about. It wasn’t just about trading, it was about building a community, disrupting modern capitalism and focusing on good will and helping people in need. It’s also about helping millennials specifically navigate this new world we’re in where incomes are low, prices are high, and we also need to think about living more sustainable and environmentally consciously. So, I was really thrilled when Eli Klei

I chat with Questrade CEO and founder Edward Kholodenko about DIY investing, how to get started and why fees can affect your bottom line. Long description: DIY investing is becoming more and more popular, and it’s easy to see why. It puts the investor in the driver’s seat, having full control of what they’re investing in, and plus it doesn’t hurt that you can save a ton in fees.  In this episode, I chat with Edward Kholodenko, CEO and founder of Questrade, one of Canada’s leading discount brokerages. He shares his story of immigrating to Canada and starting Questrade from the ground up, and why he’s so passionate about empowering investors and educating them on how to do it themselves. You know the say, there’s no one that cares more about your money than you do. And that’s a big reason why I think DIY investing in index funds and ETFs is becoming more normal amongst millennials. We want to feel in control of our financial futures and we don’t want to just hand our money off to an investment broker and hope

Ever dreamed of saying "Screw you!" to your 9 to 5 job? Then you'll definitely want to listen to my interview with Screw the 9 to 5 co-founder Jill Stanton on entrepreneurship, choosing making your own opportunity, and making your own money. Long description:  For this episode of the podcast, I talk to Jill Stanton, co-founder of Screw the Nine to Five. Currently living in Vancouver (but originally from Toronto), her and her husband started an mega-successful online business because at the end of they day, they wanted to be able to screw their 9 to 5 jobs and live life on their terms. That’s why I was so drawn to Jill’s story. She was able to finally find her passion, start a business and essentially become completely location independent. She was even able to live in Thailand for a number of years, needing only her laptop to keep her business going. But as you’ll learn in her interview, it wasn’t that easy to get off the ground. Her and her husband started a number of different businesses before finding on

For this Listener Series episode, I talk with podcast listener Scott McEachern about what tactics he uses to pay down his debt and save for his financial goals, and a big one is tracking his spending. Long description: For this Listener Series episode of the podcast, I chat with Scott McEachern who reached out to me to be on the show after being a long-time listener. Now, Scott actually works in the financial space, but personal finance is really his passion and it’s what led him to do what he does for a living. A big reason is because his dad worked as a financial planner, so he learned at a young age how to be smart with his money. And ever since then, he’s put what he’s learned into practice to live a meaningful life that focuses on being intentional with his money. He shares a number of things him and his wife do to be able to pay off their debt (they have student loans) and work towards affording their financial goals. These things include: Adding small extra payments to his student loans to pay them

Do you feel like you keep sabotaging your chance at financial success? You’re not alone, and money coach and personal finance podcaster Whitney Hansen is here to share how to overcome these common financial barriers. Long description:   For this episode of the podcast, I chat with fellow female podcaster (The Money Nerds Podcast) and money coach Whitney Hansen. I first got to know Whitney over the summer actually when she approached me to speak at her virtual conference called The Money Summit. I had a blast, and as a bit of a humble brag I’m happy to say my session is one of the summit’s most popular (okay, end of brag, I just couldn’t resist). After the summit, I knew I needed to have Whitney on my show so she could share her financial expertise. Not only is she, like me, a millennial money expert, she has hustled to pay off her debt and save up to be able to live the life she’s always wanted. And, like me, she isn’t afraid to share that she worked hard and long hours to get herself there (you go girl

The American Dream is alive and well, and Lilian Hurn is proof of it! Originally from Lima, Peru, she immigrated to the USA in 2005, but has since retired early and dedicates her time to teaching others how she did it. Long description: I know I’m not American, but the idea of the “American Dream” has definitely made it’s way over the border into Canada, and I can’t help but cry ugly tears every episode of Sharks Tank I watch when someone new to the US has managed to go from zero to millionaire. So, when Lilian Hurn reached out to me after finding my podcast on YouTube and asked to share her story for my Listener Series, I was so excited to be able to have her on the show. She literally is proof that the “American Dream” is alive and well. Originally from Lima, Peru, she immigrated to the USA in 2005 to work for Microsoft. She ended up meeting her husband there, and they’ve both worked together to fulfill their own dream of retiring early. Now in their 40s, they consider themselves semi-retired, with Lilian